A stop sign lies damaged at a street corner in the aftermath of Hurricane Ida in Grand Isle, Louisiana, September 2, 2021. Adrees Latif | Reuters The economic damages of Hurricane Ida are still being assessed, but the storm that wreaked havoc from New Orleans to New York could wind up becoming one of the
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In this article VOW3-DE JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images JPMorgan said Wednesday it plans to buy a majority stake of close to 75% in Volkswagen’s payments business. The U.S. banking
September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and the notion Covid-19 delta variant cases are likely peaking. “September gives us a chance to
Zach Gibson | Getty Images News | Getty Images The Covid pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Department of the Treasury watchdog. That represents a 3,230% increase relative to the end of 2019, when the
In this article IYG A trader works on the floor of the New York Stock Exchange. Getty Images U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones Industrial Average futures rose by 82 points, or 0.23%. S&P 500
The world “desperately” needs rich countries to deliver on their pledges to donate Covid-19 vaccines to poorer nations, former New Zealand Prime Minister Helen Clark said Monday. Her comment came after health ministers from the Group of 20 leading economies reportedly agreed — on the first of their two-day meeting in Rome — to ensure
George Town, Grand Cayman Noel Hendrickson Europe’s biggest banks are booking an average of 20 billion euros ($23.7 billion) in tax havens every year, according to a new report. That accounts for 14% of their total profits, the analysis found. Published Monday, the report from the EU Tax Observatory looked into the activities of 36
Fall is upon us and 2021 is ending. With the end of the year approaching and holidays being planned, online audiences are looking for a renewed energy. 2021 ushered in so many changes but was a welcome departure from the difficulties of 2020. As this promising year comes to a close with a bit of
The pandemic is spurring changes to Machu Picchu, some of which may last long after the global outbreak ends. The 15th century Incan archeological site has been a poster child for over-tourism for years, with visitors reporting trips to the site’s Citadel being ruined by crowds. The pandemic may have helped that. New rules now
In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubling ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Fabiola Gianotti, the director-general of scientific research center CERN, told CNBC that she fears that science could largely be forgotten following the coronavirus pandemic. “Of course there is a danger, the danger that once the crisis [is] over science is put back into its little box or in a drawer to be taken out again
OLIVIER DOULIERY | AFP | Getty Images More than a third of jobless Americans in August were long-term unemployed as benefits for these workers are set to expire. About 3.2 million people — or 37.4% of the total unemployed — have been out of work for at least six months, the official barometer for long-term
Willard Scott Lawrence Lucier | FilmMagic | Getty Images Willard Scott — the legendary TODAY weatherman known for his exuberant personality and launching the tradition of celebrating fans who reached the century mark — died this week, TODAY’s Al Roker has confirmed. He was 87 years old. Scott, who joined TODAY in 1980, may have
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Misty Todd has used unemployment benefits to pay bills since losing her convenience-store job in March last year. But the 37-year-old Las Vegas resident is unsure how she’ll afford rent, groceries and essentials for her
Japan’s Naomi Osaka competes against Czech Republic’s Marketa Vondrousova during their Tokyo 2020 women’s singles third round tennis match at the Ariake Tennis Park in Tokyo on July 27, 2021. Tiziania Fabi | AFP | Getty Images Naomi Osaka’s US Open defense ended in tears as she suffered a stunning defeat to Leylah Fernandez, before
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 3%, on pace for double-digit gains on the week amid a Bloomberg
Firefly Aerospace’s Alpha rocket accelerates away from SLC-2 at Vandenberg Space Force Base on September 2, 2021. Andrew Evers | CNBC Space company Firefly launched its inaugural Alpha rocket on a cloudless Thursday evening over the California coast. The Alpha rocket took off from Vandenberg Space Force Base’s SLC-2 complex, climbing west over the Pacific
A Chinese bank clerk counts yuan banknotes at a bank in Huaibei, east Chinas Anhui Province, July 6, 2012. Jie Zhao | Corbis News | Getty Images BEIJING — Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under tighter government scrutiny. Since late July,