An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Kena Betancur | Corbis News | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares continued to slide in Friday’s session with a 22.8% […]
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Biden Interior proposes leasing public lands for conservation
U.S. Interior Secretary Deb Haaland delivers remarks at the White House Conservation In Action Summit at the U.S. Interior Department on March 21, 2023 in Washington, DC. Kevin Dietsch | GGetty Images The Biden administration this week proposed a new rule that would allow the Interior Department to lease public […]
San Francisco Fed leader Daly likely not a major player in SVB saga, officials say
San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank’s supervision, several former and current Fed officials told CNBC. A highly centralized design to […]
This last-minute move could cut your tax bill—but also cost you thousands as an investor
When it comes to investing for your future, it’s better late than never. And in some cases, for tax purposes, the government is happy to let you put things off. You still have until Tax Day — April 18 this year — to make contributions to a traditional or Roth […]
Sen. Elizabeth Warren says she wants to make banking boring again
Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What I want to do is get banking back where it ought to be, and that is boring,” Warren, D-Mass., said on CNBC’s “Squawk on the Street” Friday morning. “Banking is […]
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its […]
Nikola shares sink after its $100 million stock offering priced at 20% below market
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s closing price of $1.40. Shares fell more than 15% on Friday morning, […]
Investors believe the stock market is set for losses, and cash is best safe haven, CNBC survey shows
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 28, 2023. Brendan McDermid | Reuters Wall Street investors believe the stock market is headed for losses after a positive first quarter, seeing cash as the best safe haven right now, according to the […]
Signal President Meredith Whittaker learned what not to do from working at Google
Meredith Whittaker, a former Google Manager who is now president at Signal.(Florian Hetz for The Washington Post via Getty Images) Florian Hetzt | The Washington Post | Getty Images Meredith Whittaker took a top role at the Signal Foundation last year, moving into the nonprofit world after a career in […]
EV tax credit rules are about to get a lot more complicated
Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said […]