Billionaire investor Bill Gross listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2017. Lucy Nicholson | Reuters Bill Gross, the one-time bond king who co-founded fixed income giant Pimco, said he sees the possibility of stagflation in the economy and he wouldn’t buy stocks aggressively now. The 77-year-old investor
FatCamera | E+ | Getty Images President Joe Biden apparently hasn’t given up on a proposal aimed at reducing prescription drug prices, especially for retirees. In his State of the Union address Tuesday night, Biden called for capping insulin prices at $35 a month for all Americans, as well as allowing Medicare to negotiate prices
Throughout the first year of the Biden administration, one tax policy theme was consistent. The President and Treasury Secretary Janet Yellen were focused on increasing the tax burden on U.S. companies—particularly multinational companies. As Secretary Yellen put it last year, “It is about making sure that governments have stable tax systems that raise sufficient revenue
Robert Pattinson stars in “The Batman.” Warner Bros. Batman has taken on many forms on the big screen, from goofy and campy to suave and gritty. Matt Reeves’ “The Batman” introduces audiences to a new iteration of the Dark Knight — emo. The film, which arrives in theaters on Friday, has elicited mixed reactions from
In this article SNOW CEO of Snowflake Frank Slootman arrives at the Allen & Company Sun Valley Conference on July 6, 2021, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company showed the slowest
U.S. stock index futures were modestly lower during overnight trading Wednesday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average declined 28 points. S&P 500 futures shed 0.11%, while Nasdaq 100 futures dipped 0.2%. During regular trading on Wednesday the
If you’re in the market for a new car, one of the biggest decisions you’ll need to make is whether to lease or buy. Though there are a number of factors to weigh when making your choice, Kevin O’Leary, O’Shares ETFs chairman and judge on CNBC’s “Money Court,” says the first thing you should consider
andresr | E+ | Getty Images A recently introduced bill in Congress has its sights set on preventing a cost that some new Medicare beneficiaries face: late-enrollment penalties. The bipartisan measure, introduced in the Senate, would require the federal government to provide individuals with information about Medicare enrollment rules before they reach the Medicare-eligible age
Brothers91 | E+ | Getty Images President Joe Biden called for passing a new federal paid family and medical leave policy in his State of the Union Address Tuesday night. However, the timing of when such a law could be put in place is still up in the air. The policy is part of Democrats’
This spring, the United States Food and Drug Administration (FDA) is expected to announce a national ban on menthol-flavored cigarettes and cigars with a characterizing flavor, an attempt to limit tobacco consumption, and, as a result, improve public health. But given the high level of taxation on tobacco products (on average, excise taxes alone make
Roman Abramovich, owner of Chelsea smiles following his team’s victory during the UEFA Champions League Final between Manchester City and Chelsea FC at Estadio do Dragao on May 29, 2021 in Porto, Portugal. Alexander Hassenstein | Uefa | Getty Images The Russian oligarch Roman Abramovich said Wednesday that he will sell the Chelsea soccer club
In this article FSLR A worker installs First Solar Inc. photovoltaic solar panels at the Agua Caliente Solar Project in Yuma County, Arizona. Joshua Lott | Bloomberg | Getty Images Shares of First Solar dropped more than 14% during extended trading Tuesday after the company reported missing revenue expectations during the fourth quarter and issued