A sales center sign in front of a new residential community in Lithonia, Georgia, April 26, 2021. Elijah Nouvelage | Bloomberg | Getty Images After a Labor Day week lull, demand for mortgages rose sharply last week from homeowners and homebuyers. Total mortgage application volume was up nearly 5% for the week, according to the
Month: September 2021
In this article NKE A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images A lower sales forecast, slowing growth in China and a bottlenecked supply channel. The news coming out of Nike’s fiscal first-quarter earnings report
Mentors can help you succeed. They can also show you how to fail. That’s the mark of a great advisor, says “Shark Tank” star and FUBU founder Daymond John. The topic is divisive: While his on-screen colleague Mark Cuban says he’s never personally been a “big mentor guy,” John tells CNBC Make It that over
In this article BKCC Ronnie Kaufman | DigitalVision | Getty Images Everyone wants to be happy in retirement. So what will it take to get there? It’s not just saving money, although that is key, according to certified financial planner Wes Moss, chief investment strategist at Atlanta-based Capital Investment Advisors and author of the upcoming
A look at a Deutsche Bank survey of over 550 market professionals.
A person reads a list of employers as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. PATRICK T. FALLON | AFP | Getty Images There remains little evidence that states successfully nudged people back to work by ending federal unemployment benefits early, according to economists. Twenty-six states withdrew
Echoing other reports from this year, the White House Council of Economic Advisors (CEA) published a report Thursday that estimates an approximate average federal individual income tax rate for the top 400 wealthiest households in the U.S of 8.2 percent, lower than typically estimated for top earners. The CEA arrived at a lower tax rate
Embattled developer China Evergrande‘s situation is not a surprise, given the steps taken by Beijing to reign in excessive debt in the property sector, according to Orient Capital Research’s Andrew Collier. “This is all a bit of a tempest in a teapot, which sounds funny given that the whole world is worried about Evergrande right
Dr. Rochelle Walensky, who has been selected to serve as director of the Centers for Disease Control and Prevention speaks during an event at The Queen theater in Wilmington, Del., Tuesday, Dec. 8, 2020. Susan Walsh | AP CDC Director Dr. Rochelle Walensky insisted Friday she didn’t overrule a vaccine advisory committee by expanding the
Theranos founder Elizabeth Holmes and her partner Billy Evans leaves the Robert F. Peckham U.S. Courthouse after the delivery of opening arguments in her trial, in San Jose, California, September 8, 2021. Peter DaSilva | Reuters SAN JOSE, CALIF – A former lab director at Theranos testified on Friday that he thought the blood-testing start-up
A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images I’ve noted in past commentaries that sovereign nations have the power to regulate and eliminate any competitor to their own currencies. One country took that step on Friday. China’s central bank has just made all cryptocurrency-related activities illegal. The
A detail of the statue of Satoshi Nakamoto, a presumed pseudonym used by the inventor of Bitcoin, in Budapest, Hungary. Janos Kummer | Getty Images News | Getty Images The price of popular cryptocurrencies like bitcoin and ethereum plunged Friday after Chinese officials intensified a crackdown, essentially declaring crypto to be illegal. The government intervention,
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