The days of taking out a home equity line of credit to pay for college, a new car or for someone’s silence — and take a tax break on the interest — are coming to a close. Prior to 2018, homeowners were able to borrow against their dwelling and deduct […]
CNBC News
Bank regulation rewrite clears Senate but stumble could come in the House
The fate of bank regulation rests with the House after the Senate approved a bill that would relieve smaller banks of some of the restrictions put in place after the financial crisis ten years ago. The bill has the support of moderate Democrats, but some GOP members of the House […]
FDA moves forward on nicotine regulation in cigarettes
The Food and Drug Administration is making initial steps toward implementing a rule about the maximum level of nicotine in combustible cigarettes, following an announcement of its plans last summer that rocked stocks of tobacco companies. The regulator is publishing an advanced notice of proposed rulemaking, a first step in […]
Alibaba shares jump after report it’s considering a Chinese listing
Chinese e-commerce and technology giant Alibaba Group is planning for a stock listing in China, The Wall Street Journal reported Thursday, citing sources familiar with the matter. The offering could happen as soon as this summer if Chinese securities laws are revised to allow foreign companies to list, one source […]
Here are 4 of Stephen Hawking’s biggest predictions from human extinction to aliens
Stephen Hawking was well-known for his work on black holes and the theory of relativity. But, the famous physicist, who passed away on Wednesday at the age of 76, also had some predictions about the future, ranging from topics such as aliens to the end of the world. Here are […]
Dollar General’s same-store sales, strong forecast lift shares
Dollar General’s quarterly comparable store sales beat Wall Street estimates as customers continue to spend more at its stores, and the discount retailer gave a full-year profit forecast that also topped expectations. Shares of the company, which increased its stock repurchase program by $1 billion, rose 7.2 percent premarket on […]
Stocks making the biggest moves premarket: DG, HAS, MAT, AMZN, WFC & more
Check out which companies are making headlines before the bell: Dollar General – The discount retailer matched forecasts with adjusted quarterly profit of $1.48 per share, while revenue was slightly below estimates. However, same-store sales increased by 3.3 percent, better than the 2.7 percent increase predicted by analysts surveyed by […]
GE has completed its first flight test of the world’s largest jet engine
General Electric has conducted its first flight test of the world’s largest-ever jet engine. The GE9X engine lifted off Wednesday, under the wing of GE Aviation’s Boeing 747 flying test-bed in Victorville, California. The test had been delayed from February after engineers discovered a design issue with the turbofan. GE […]
Crisis-hit Venezuela could soon tip the oil market ‘decisively into deficit,’ IEA says
Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest monthly report from the International Energy Agency (IEA). “Within the OPEC countries, the biggest risk factor is, and will likely remain, Venezuela,” the IEA said in its closely-watched […]
Toys R Us is closing all of its US stores. Here’s a map of where they are
Toys R Us is planning to either close or sell all of its more than 800 stores across the U.S. The company is shopping a plan that could ultimately save roughly 200 stores from going dark if it’s able to find a buyer. This would be in conjunction with the […]