Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin
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People wear protective face masks outside Best Buy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty Images Best Buy said it will pay pandemic-related bonuses to all hourly employees and give
Al Drago | Getty Images News | Getty Images The measure, the American Rescue Plan Act of 2021, would pay unemployed workers an extra $400 a week through Aug. 29. Those additional relief payments would raise federal spending by about $163 billion through 2022, according to a cost estimate the Congressional Budget Office issued last
People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off. The company
HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC is due to report financial results for 2020 on Tuesday, during which the bank is expected to update investors on its business restructuring plans and whether it would resume dividend payments. Like many of its peers globally,
Erick Vazquez receives the Pfizer vaccine during an event to inoculate about 500 health care workers and adults over the age of 65 against COVID-19 put on by the Labor Community Services, the Los Angeles Federation of Labor and St. Johns Well Child and Family Center coined Labor of Love, in Pico Union, Feb. 13,
Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September 27, 2019. Mark Kauzlarich | Reuters BEIJING — China’s Foreign Minister Wang Yi on Monday called on the new U.S. administration to stop the “suppression”
(L to R) Ava Duvernay, Spike Lee, Jordan Peele Getty Images The films that launched the entertainment industry around the turn of the 20th century were created for white audiences by white filmmakers. It took decades for Black directors to break into the industry and alter how Hollywood operated behind and in front of the
An activist wears a “Fight For $15” T-shirt at a news conference prior to a vote on the Raise the Wage Act, July 18, 2019 at the U.S. Capitol. Alex Wong | Getty Images A $15 minimum wage could become a reality in the U.S. While millions would get a pay boost from a higher
Governor Andrew Cuomo holds daily press briefing at the foot of Mario Cuomo Bridge in Tarrytown, New York, June 15, 2020. Lev Radin | Pacific Press | LightRocket via Getty Images What a difference a few months have made for New York Gov. Andrew Cuomo — and not in a good way. Cuomo last year
Samuel Corum/Bloomberg via Getty Images Many Americans will get an unwelcome surprise this tax season: the realization they were victims of unemployment fraud. Millions of workers have collected jobless benefits during the Covid pandemic. They must pay taxes on that aid. But criminals have stolen identities en masse to collect benefits in others’ names, according
The biggest source of growth for Coca-Cola over the next few years will likely be the zero-sugar version of the company’s namesake soda. “Actually, the best growth driver in ’21 and probably for the few years is probably going to be Coke Zero Sugar,” Coke CEO James Quincey said in an interview that aired Friday
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Applied Materials — Shares of the chipmaker jumped more than 7% after Applied Materials beat estimates during the fourth quarter and issued upbeat comments for the
People wearing protective masks wait in line to receive a dose of the Pfizer-BioNTech Covid-19 vaccine at a large scale vaccination site in Sacramento, California, on Thursday, Feb. 4, 2021. David Paul Morris | Bloomberg | Getty Images Scientists and health officials told Congress Friday the federal government needs to ramp up its supply of
New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen in decades, and as corporate bond yields plunge, the central bank official said he’s not
An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020. Kevin Mohatt | Reuters Delivery costs have been rising across the country and are expected to continue as the pandemic drags on, creating a serious headwind for retailers, according to a report by Jefferies. “The recent growth in shipping
The second dose of Covid-19 vaccine is crucial in creating longer and complete immunity as well as preventing variants of the virus, according to Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia. “We need to know that this is a two-dose vaccine, period,” Offit told CNBC’s “The News with Shepard
Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci speaks during a White House press briefing, conducted by White House Press Secretary Jen Psaki, at the James Brady Press Briefing Room of the White House January 21, 2021 in Washington, DC. Alex Wong | Getty Images The winter storm and power