Month: April 2021

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Disney fans celebrate the reopening of Disneyland with custom Mickey ears and masks

Business

In this article DIS ETSY Visitors walk between plexiglass as they enter Touch of Disney at Disney California Adventure in Anaheim, CA, on Thursday, March 18, 2021. MediaNews Group/Orange County Register | Getty Images There are few things so iconic that a simple silhouette can be instantly recognizable to anyone in the world. That’s the …

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There’s no hotter area on Wall Street than ESG with sustainability-focused funds nearing $2 trillion

Finance

zhongguo Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental, social and governance factors are considered. Assets in these types of funds first topped …

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Leon Cooperman sees stock market lower a year from now due to tax, rate, inflation pressures

Investing

Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close …

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What Biden’s latest moves could signal for Social Security reform efforts

Personal finance

President Joe Biden attends the Democratic National Committee’s “Back on Track” drive-in car rally to celebrate his 100th day in office at the Infinite Energy Center in Duluth, Georgia, April 29, 2021. Evelyn Hockstein | Reuters People who earn more than $400,000 would be subject to the 3.8% Medicare tax, if President Joe Biden’s new …

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Biden says he’ll protect businesses from certain tax hikes. It’s not clear how

Small Business

President Joe Biden speaks during a joint session of Congress at the U.S. Capitol on April 28, 2021. Bloomberg | Bloomberg | Getty Images Some business owners may have breathed a sigh of relief when the White House released details of President Joe Biden’s tax plan. That’s because he indicated family owned businesses and farms …

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Rutgers, Duke and Vanderbilt all have ties to the $100 million NJ deli company

Business

In this article DRE HWIN Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC The investment funds of two U.S. universities, Duke and Vanderbilt, own significant chunks of stock in the mysterious company valued at $100 million by the stock market despite owning only a tiny New Jersey deli. Duke and Vanderbilt’s shares in Hometown International …

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Robinhood deepens ties with JPMorgan by using bank for money transfers ahead of expected IPO

Finance

Avishek Das | LightRocket | Getty Images Robinhood, the free-trading app that helped drive a surge in retail investing during the pandemic, has switched to using JPMorgan Chase to handle crucial money transfers into customers’ accounts. The start-up emailed customers this week to say that it is now using JPMorgan, the biggest U.S. bank by …

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Here’s a complete list of destinations opening to vaccinated travelers

Wealth

The list of places that’s welcoming vaccinated people is growing by the week. Proof of vaccines is easing travel restrictions to some places, and is the only way travelers can gain entrance to others. Yet from health forms to testing protocols, travel remains complicated even for the immunized. Rules differ from one country to the …

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Berkshire’s annual meeting is Saturday with Buffett and Munger together again, shares at a record

Investing

Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its …

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The European Super League plan collapsed. But it might not be dead forever

Business

Kevin De Bruyne of Manchester City celebrates after scoring their team’s fifth goal with team mates Phil Foden and Riyad Mahrez during the Premier League match between Manchester City and Southampton at Etihad Stadium on March 10, 2021 in Manchester, England. Clive Brunskill | Getty Images Sport | Getty Images LONDON — While the soccer …

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Ford’s ‘confusing’ 2021 guidance is hurting its stock despite blowout first-quarter earnings

Earnings

In this article F Getty Images DETROIT – Ford Motor easily beat Wall Street’s expectations for the first quarter despite an ongoing global semiconductor chip shortage causing low inventories and factory closures. So why are shares of the automaker down by as much as 10.4% during intraday trading Thursday? The negative reaction by investors is …

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Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

Finance

In this article XRP.BS= Ripple CEO Brad Garlinghouse said the lack of clarity in U.S. regulation of cryptocurrencies is “frustrating.” Known for the cryptocurrency XRP, the fintech company has been caught in a high-stakes legal tussle with the U.S. Securities and Exchange Commission since last year. In December, the SEC filed charges against the firm, …

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Unvaccinated people could start to grow resentful as the vacation season nears, British study shows

Business

People enjoy the beach in Leme, south of Rio de Janeiro, Brazil, on June 21, 2020 during the Covid-19 coronavirus pandemic. CARL DE SOUZA LONDON — As coronavirus vaccination programs progress, attention is turning to summer vacations and what kind of freedoms we might experience this year — and whether this depends on our vaccination …

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Amazon’s sales surge 44% as it smashes earnings expectations

Earnings

In this article AMZN Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon is set to report first quarter earnings after the bell Thursday. Here’s what analysts are expecting:  Earnings: $9.54 per share, according to Refinitiv Revenue: $104.47 billion, according to Refinitiv Few companies have benefited from the pandemic-fueled surge of online shopping as …

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