Month: September 2021

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Coinbase shares fall after it reveals SEC plans to sue over interest-earning product

In this article COIN People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase has received notice of a possible enforcement action from the Securities and Exchange Commission related …

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From student loans to Covid layoffs, here’s how to deal with the money stress keeping you up at night

Money and mental health are connected. Financial problems can make you stressed, anxious or depressed, and those feelings, in turn, can have a big impact on your finances. In fact, anxious or stressed adults are more likely to engage in costly financial behaviors, including withdrawing cash from retirement accounts and borrowing from high-cost financial services …

From student loans to Covid layoffs, here’s how to deal with the money stress keeping you up at night Read More »

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Disney’s remaining 2021 films will all have exclusive theatrical releases

In this article DIS 6758.T-JP (L-R) Richard Madden, Kumail Nanjiani, Lauren Ridloff, Salma Hayek, Lia McHugh, Don Lee, Angelina Jolie, and Barry Keoghan of ‘The Eternals’ took part today in the Walt Disney Studios presentation at Disney’s D23 EXPO 2019 in Anaheim, Calif. Jesse Grant | Getty Images Entertainment | Getty Images The rest of …

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Affirm stock skyrockets after company reports 71% revenue growth and strong guidance

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Dec. 9, 2020. Gabby Jones | Bloomberg | Getty Images Affirm reported better-than-expected fiscal fourth-quarter results after the bell on Thursday, including solid guidance and 71% revenue growth. The stock soared more …

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British fintechs are jumping into the booming buy now, pay later market

A Mastercard debit card from U.K. digital bank Monzo. Monzo LONDON — Monzo and Revolut, two of Britain’s best-known financial technology firms, are planning to enter the booming “buy now, pay later” industry. Buy now, pay later, or BNPL, plans are an increasingly popular method of payment that lets users spread the cost of their …

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Elizabeth Holmes defense tries to block testimony on her extravagant expenses at Theranos

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 When you hobnob with celebrities and titans of society, you need good jewelry. And former Theranos CEO Elizabeth Holmes …

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Carlyle CEO Kewsong Lee on what’s driving the stock’s run and creating a modern private equity firm

In this article CG (Click here to subscribe to the new Delivering Alpha newsletter.) Kewsong Lee is closing out one trip around the sun as sole CEO of The Carlyle Group. It was a unique year for the private equity firm — which oversees more than $270 billion in private assets — with the multitude of challenges …

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‘Dear Evan Hansen’ adaption is ‘a total misfire,’ ‘one of the worst movie-musicals ever made,’ critics say

In this article CMCSA Ben Platt stars in “Dear Evan Hansen.” Universal On Broadway, “Dear Evan Hansen” was a smash hit. On the big screen, it’s poised to be a flop. The latest Hollywood musical adaptation debuted at the Toronto International Film Festival on Thursday ahead of its Sept. 24 release. While the musical show …

‘Dear Evan Hansen’ adaption is ‘a total misfire,’ ‘one of the worst movie-musicals ever made,’ critics say Read More »

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60-year veteran of Wall Street Art Cashin reflects on 9/11 and what it took to rebuild

A day before the 20th anniversary of 9/11, veteran trader Art Cashin reflected Friday on the impact of the terrorist attacks on Wall Street, the country and him personally. Cashin, who has been an NYSE member since 1964, was in lower Manhattan on the morning of Sept. 11, 2001. He remained in the stock exchange …

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NBA legend Shaquille O’Neal explains why he hasn’t invested in crypto

Since retiring from the NBA in 2011, Shaquille O’Neal has reportedly amassed a net worth of more than $400 million. But the Basketball Hall of Famer says he’s steering clear of one popular investing strategy: cryptocurrencies. “I don’t understand it,” O’Neal tells CNBC Make It. “So I will probably stay away from it until I …

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Bank of America announces new CFO, technology and legal heads in sweeping management overhaul

Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution. In a memo distributed to employees on Friday, Moynihan named …

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The lessons for investors from the trial of Theranos founder Elizabeth Holmes

Sometimes an investment is too good to be true. As Elizabeth Holmes, founder and former CEO of Theranos, goes on trial on allegations of defrauding investors and patients, her health-care start-up may be a prime example. Nearly a decade ago, investors, including media mogul Rupert Murdoch, former Education Secretary Betsy DeVos and the Walton family …

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Some retirement savers may claim an extra write-off at tax time

Getty Images Many Americans know the benefit of retirement savings, yet few realize there’s a special incentive to set aside money for their golden years: the saver’s credit. The saver’s credit, formerly known as the retirement savings contributions credit, offers low- and moderate-income filers a write-off at tax time.    Currently, savers may claim up to …

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Singapore pivots to living with Covid, refrains from tightening measures even as cases rise

People walk and cycle on a bridge leading away from the Merlion statue in the Marina Bay area of Singapore on Saturday, 22 May 2021. Joseph Nair | NurPhoto | Getty Images SINGAPORE — Singapore has refrained from tightening social-distancing measures even as the highly infectious delta variant has driven Covid-19 cases up sharply, while …

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Stock futures point to opening bounce after Dow, S&P post fourth day of losses

In this article IYG U.S. stock index futures were little changed during overnight trading on Thursday, after stocks registered a fourth-straight day of losses. Futures contracts tied to the Dow Jones Industrial Average advanced 10 points. S&P 500 futures and Nasdaq 100 futures were slightly higher. During regular trading the Dow shed roughly 150 points, …

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People are booking Christmas vacations earlier than ever before

What a difference a year can make. Last September, the travel industry agonized over a dearth of Christmas bookings. This September, some hotels are already fully booked for the holiday season.   People are reserving their Christmas vacations earlier this year, despite an unsettling rise in Covid-19 infections caused by the highly contagious delta variant. …

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Op-ed: The tax gap is a real problem but so, too, is the ‘reverse tax gap’

mediaphotos | E+ | Getty Images As our elected officials debate how best to address a national debt approaching $30 trillion while simultaneously increasing spending levels and addressing wealth inequality, it should not be surprising that tax policy is at the forefront of the discussion In that context, there has been an especially intense focus …

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