Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images BEIJING — Big investors are pouring money into warehouses in Europe as […]
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House Democrats’ relief plan does not change income limits for $1,400 stimulus checks
House Democrats released more details about their coronavirus relief bill late Monday, which includes $1,400 stimulus payments for Americans at the same income levels as previous rounds. For the past week, there were reports that the Democrats might lower the income eligibility thresholds for stimulus checks from the previous two […]
Regulators will launch a ‘full-fledged assault’ against Facebook and Twitter, tech investor Paul Meeks predicts
Investor Paul Meeks won’t invest in social media stocks right now, he told CNBC on Monday. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, predicted regulators will target the group this year — with Facebook and Twitter bearing the brunt. “The interesting thing about this full-fledged […]
Democrats unveil one-year plan to send up to $3,600 per child to households
Democrats in the House on Monday unveiled their plan to send up to $3,600 per child to families, a vast but temporary expansion of relief to households that experts have projected could lift millions from poverty. The proposal would add more detail to President Joe Biden‘s call for expanding the […]
Jim Cramer’s must-watch market themes that could become ‘seven deadly sins’
Investors are finding a plethora of ways to get returns in the current market environment, but too many good things at one time can lead stocks into a vulnerable moment, CNBC’s Jim Cramer said Monday. “When lots and lots of things are working, you end up in a situation where […]
Robinhood sued by family of 20-year-old trader who killed himself after believing he racked up huge losses
Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated […]
CEO of America’s biggest mall owner says some retailers are excited for growth opportunities in 2021
Simon Property Group, the biggest mall owner in the country, is expecting this year to be better than last, as some retailers start to think about opening new stores in its malls, and tenants are in a better position to pay their rent on time. “The [retailers] that want to […]
Stock futures little changed as Wall Street looks to extend winning streak
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures were little changed on Monday evening as Wall Street looked to extend its February hot streak. Futures contracts tied to the Dow Jones Industrial Average added 15 points, or less than%. […]
Paul Manafort can’t be prosecuted in NY after Trump pardon, double jeopardy ruling stands
Former Trump campaign chairman Paul Manafort is escorted into court for his arraignment in New York Supreme Court, June 27, 2019. Lucas Jackson | Reuters Paul Manafort, the Republican consultant who at one point ran Donald Trump‘s 2016 presidential campaign, cannot be prosecuted in New York state court for conduct […]
Jeff Bezos would owe $2 billion a year in state taxes if Washington passes wealth tax
Jeff Bezos would owe about $2 billion a year in state income taxes under Washington’s proposed wealth tax, according to legislators. As part of an effort to reduce inequality and offset the state’s lack of an income tax, Washington state legislators are proposing a 1% levy on wealth over $1 […]