CNBC’s Jim Cramer on Wednesday called on billionaires in the U.S. to more vocally support reforms to the nation’s tax code, in attempt to stave off more-liberal legislative proposals from politicians in Washington. “This administration doesn’t like you, so come up with something proactively that makes it so you are not being […]
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What to expect from Microsoft’s next version of Windows
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Windows 10 Devices event in New York on Oct. 6, 2015. Microsoft Corp. introduced its first-ever laptop, three Lumia phones and a Surface Pro 4 tablet, the first indication of the company’s revamped hardware strategy three months after saying […]
CDC finds more cases of rare heart inflammation than expected after Covid vaccine shots
The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters There have been more than 1,200 cases of a rare heart inflammation condition in people who received Pfizer‘s or Moderna’s Covid-19 vaccine, according to a CDC presentation slide published Wednesday ahead of an advisory […]
Supreme Court rules for Pennsylvania cheerleader in school free speech case
Microphones set up in front of the U.S. Supreme Court building in Washington, D.C., U.S., on Tuesday, Nov. 10, 2020. Stefani Reynolds | Bloomberg | Getty Images The Supreme Court on Wednesday ruled that a Pennsylvania high school violated the First Amendment rights of a cheerleader by suspending her from […]
Amazon’s Prime Day results were more muted than usual this year
Photographer: Thorsten Wagner/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Amazon on Wednesday announced the results of its annual Prime Day sale, which ended Tuesday, highlighting how the event gave a lift to its third-party sellers. For the second year, Amazon said merchants’ Prime Day sales grew more […]
The $60 billion plan to give every American baby $1,000 at birth
The racial wealth divide between white and Black families in the U.S. is more of a chasm than a gap. In 2019, the median household wealth for white families was nearly $190,000, almost eight times higher than that of Black households, according to Federal Reserve data. “Baby bonds” are one […]
S&P 500 rises for a third day as comeback rally continues
U.S. stocks rose on Wednesday led by energy shares, as the market’s comeback rally extended into a third day. The Dow Jones Industrial Average advanced 40 points. The S&P 500 gained 0.2%, sitting 0.1% from a record. The Nasdaq Composite climbed 0.4% to an all-time high after closing at a […]
Amazon Prime Day sales surpass $11 billion, topping record Cyber Monday levels, Adobe says
Getty Images Online retail sales in the United States during Amazon’s 48-hour Prime Day event have surpassed record levels of e-commerce spending reached during Cyber Monday last year, according to a new report. Total e-commerce sales on Monday and Tuesday surpassed $11 billion, representing 6.1% growth compared with last year’s October […]
Southwest Airlines CEO Kelly stepping down in 2022, will be replaced by company veteran
Gary Kelly, chief executive officer of Southwest Airlines Co., speaks during an event inside the new Southwest Airlines Co. international terminal at the William P. Hobby Airport in Houston, Texas. Carter Smith | Bloomberg | Getty Images Southwest Airlines is replacing Gary Kelly as CEO next year with company veteran […]
Warren Buffett gives away another $4.1 billion, resigns as trustee at Gates Foundation
Warren Buffett said he will donate $4.1 billion worth of Berkshire Hathaway shares to five foundations, and that he will resign as the trustee at the Bill & Melinda Gates Foundation. This year’s donation marked the halfway point for the legendary investor, who in 2006 pledged to give away all of his Berkshire […]