Month: December 2021

106976490 1640201761622 106976490 16371032122021 11 16t211906z 353130024 rc2b8q9rjukt rtrmadp 0 health coronavirus usa pfizer

Stocks making the biggest moves midday: Pfizer, Peloton, Carnival and more

In this article NCLH PFE Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Check out the companies making headlines in midday trading. Pfizer — Shares jumped 1.9% after British regulators approved the …

Stocks making the biggest moves midday: Pfizer, Peloton, Carnival and more Read More »

106820496 1610020466082 gettyimages 96378039 BANCO SANTANDER scaled

Bank accidentally deposits $176 million into people’s accounts on Christmas Day

A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images LONDON — Thousands of people received a surprise gift on Christmas Day this year when European bank Santander accidentally deposited £130 million ($176 million) across 75,000 transactions. The mistake happened when …

Bank accidentally deposits $176 million into people’s accounts on Christmas Day Read More »

105585065 1542733867543gettyimages 1020986250 scaled

The bull market’s biggest hopes for 2022 are in the portfolios of wealthy young investors

If the millennial and Gen Z investing generations’ biggest, boldest bull market calls are best represented by the star turn of ARK Funds’ Cathie Wood, her funds’ struggles in 2021 are a microcosm of where risk-on investing runs into the reality of a market that, at least in the short-term, can’t always go gangbusters — …

The bull market’s biggest hopes for 2022 are in the portfolios of wealthy young investors Read More »

106907791 1625682603919 GettyImages 1282179800 1 scaled

Didn’t max out your IRA this year? There’s still time in 2022

Marko Geber If you couldn’t max out your individual retirement account in 2021, don’t despair. There’s still time to make a contribution to traditional and Roth IRAs. The deadline for putting money into IRAs for this year is April 15, 2022, giving savers an additional four months to contribute. For 2021, the maximum contribution to …

Didn’t max out your IRA this year? There’s still time in 2022 Read More »

106994422 1640742969029 gettyimages 1237346628 Element Fresh Store scaled

China’s big challenge for 2022: Getting people to spend money

A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property …

China’s big challenge for 2022: Getting people to spend money Read More »

106612522 1594558367160gettyimages 1252191631 scaled

Bill Gates’s lofty goal for 2022: Ensuring ‘that Covid-19 is the last pandemic’

Bill Gates may not love New Year’s resolutions, but he’s still setting large goals for 2022 and beyond. At the top of his list: avoiding future pandemics. In his end-of-year blog post earlier this month, the billionaire Microsoft co-founder and healthcare philanthropist wrote that among the world’s biggest problems, the next Covid-level health scare is …

Bill Gates’s lofty goal for 2022: Ensuring ‘that Covid-19 is the last pandemic’ Read More »

103301669 GettyImages 503900992 scaled

Powerball’s top prize jumps to $500 million for the first drawing of 2022. This year, winners landed jackpots totaling $2 billion

Saul Loeb | AFP | Getty Images New Year’s Day luck could end up making a Powerball player a few hundred million dollars richer.  No ticket matched all six numbers drawn Wednesday, which means the jackpot has climbed higher: It’s an advertised $483 million for Saturday night’s drawing, up from $441 million. The top prize …

Powerball’s top prize jumps to $500 million for the first drawing of 2022. This year, winners landed jackpots totaling $2 billion Read More »

106995071 1640887191128 gettyimages 1324603600 ay4i0643 2021062081441830 scaled

U.S. CDC says people should ‘avoid cruise travel, regardless of vaccination status’

In this article NCLH RCL CCL The Royal Caribbean Anthem of the Seas cruise ship is prepared for its next voyage as it is docked on December 24, 2021, in Bayonne, New Jersey. Gary Hershorn | Corbis News | Getty Images The U.S. Centers for Disease Control and Prevention on Thursday advised people against going …

U.S. CDC says people should ‘avoid cruise travel, regardless of vaccination status’ Read More »

106893498 1623102635797 gettyimages 1233323554 ALZHEIMERS BIOGEN scaled

Stocks making the biggest moves midday: Biogen, Micron, Virgin Galactic and more

A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen slid more than 7% after Samsung denied a report in South Korean media that it was in talks to …

Stocks making the biggest moves midday: Biogen, Micron, Virgin Galactic and more Read More »

106965909 1635265647645 gettyimages 1229892823 AFP 8WA6CM scaled

The world’s 10 richest people added $402 billion to their fortunes in 2021. Here’s whose net worth grew the most

Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Some of these individuals, like Bill Gates and Jeff Bezos, have been worth $100 billion for some time: Gates first reached the mark in 1999, while Bezos did it in 2017. But …

The world’s 10 richest people added $402 billion to their fortunes in 2021. Here’s whose net worth grew the most Read More »

106990732 1639718061488 gettyimages 1353719656 vcg111357929217 scaled

China’s bookstores are booming — and their looks can matter more than their books

Visitors take pictures and read books in Shenzhen on Nov. 13, 2021, at a Zhongshuge bookstore, a chain famous for interior design. VCG | Visual China Group | Getty Images BEIJING — Social media plays such an important role for Chinese consumer businesses that for a crop of new bookstores, visual appeal tends to be …

China’s bookstores are booming — and their looks can matter more than their books Read More »

106986446 1638981227690 gettyimages 1357898864 dscf2565 20211208103502053 scaled

Stock futures are little changed after Dow, S&P 500 close at record

U.S. stock index futures were little changed during overnight trading Wednesday after the S&P 500 and Dow Jones Industrial Average closed at new records. Futures contracts tied to the Dow Jones Industrial Average inched higher, while S&P 500 futures were unchanged. Nasdaq 100 futures were slightly lower. During regular trading on Wednesday the S&P 500 …

Stock futures are little changed after Dow, S&P 500 close at record Read More »

106994708 1640805114786 gettyimages 1320330187 370102957 scaled

The rich benefit as Democrats retreat from tax on unrealized capital gains

Samuel Corum/Bloomberg Democrats seem to have nixed the idea of taxing returns on unsold stock and other assets, favoring other ways to raise revenue as part of a nearly $2 trillion social and climate bill. Scrapping that tax on “unrealized capital gains” would primarily benefit the richest Americans, who hold the bulk of the country’s …

The rich benefit as Democrats retreat from tax on unrealized capital gains Read More »

106984257 1638548420794 gettyimages 1236982874 SOUTH AFRICA TRAVEL scaled

WHO says omicron has not spread widely among the vulnerable yet, still too early to determine severity

A Covid-19 rapid PCR test site sign at Cape Town International Airport in Cape Town, South Africa, on Friday, Dec. 3, 2021. Dwayne Senior | Bloomberg | Getty Images The World Health Organization on Wednesday cautioned that omicron has not spread widely among the populations most at risk, making it difficult to determine whether or …

WHO says omicron has not spread widely among the vulnerable yet, still too early to determine severity Read More »