A Regal Cinemas movie theater stands at night in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images Hollywood is hopeful that a robust Covid vaccine rollout will bring moviegoers back to theaters in droves, but content matters as well. Fortunately, there are a slew of blockbusters waiting for
Month: January 2021
A GameStop Corp. store in Rome, Italy, on Thursday, Jan. 28, 2021. Alesia Pierdomenico | Bloomberg | Getty Images Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, according to The Wall Street Journal citing people familiar with the matter. The
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters It was a busy week for Wall Street. Heavyweights like Apple, Microsoft, Facebook, Boeing and Tesla, among others, stepped up to report their earnings for the most recent quarter. However, some analysts and strategists were more focused on
Home ownership has long been considered a staple of the American dream. During the pandemic, it has also become a dividing line between the haves and have-nots. As the coronavirus outbreak and rise of remote work pushed Americans to move from the city to the suburbs, those who could afford a single-family home have been
A man receives a nasal swab COVID-19 test at Tom Bradley International Terminal at Los Angeles International Airport (LAX) amid a coronavirus surge in Southern California on December 22, 2020 in Los Angeles, California. Mario Tama | Getty Images The U.S. on Tuesday started requiring travelers to show negative Covid-19 tests before flying to the
Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Citron Research, which was forced to close out its short position in GameStop amid a frenzy in retail buying, said Friday it will no longer publish short reports and instead will focus on long positions. “After 20 years of publishing Citron will no
The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm. Shares of GameStop, the videogame retailer, have climbed more than 900% since the start of the year after members of a Reddit community called WallStreetBets banded together in
Juanmonino | E+ | Getty Images If you are counting on a tax refund, you could be sorely disappointed this filing season. A new W-4 form and a pandemic-dominated 2020 may have millions of Americans receiving smaller refunds, or even owing money to the government, this year. “I’ve already seen people upset that they owe
Newly published data from the Internal Revenue Service (IRS) shows that the first round of economic impact payments primarily benefited households earning less than $100,000. Lawmakers passed the first round of payments under the CARES Act in March 2020 and the Treasury Department began sending payments in early April 2020. The IRS sent more than
The American health-care system may be buckling under the weight of the coronavirus pandemic, but one number is inexplicably falling. Disciplinary actions against doctors were down sharply in the first nine months of 2020, with 4,393 adverse action reports recorded against physicians in the National Practitioner Data Bank, a federal registry of health care professionals
GameStop mania took Wall Street by storm, thanks to a legion of retail traders glued to the WallStreetBets message board on Reddit. Shares of the struggling brick-and-mortar video game retailer skyrocketed 400% in the past week, closing out January with a whopping 1,625% gain. A band of amateur traders in WallStreetBets forum, whose members have
As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images Personal shopping services once reserved for the wealthiest consumers are becoming increasingly popular amid the
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer on Friday complimented the retail traders who helped spark the massive run up in GameStop shares, but advised they take their profits now. “Take the home run. Don’t go for the grand slam. Take the home run. You’ve already won. You’ve won the game. You’re done,”
Stimulus checks printed at the Philadelphia Financial Center in Philadelphia. Jeff Fusco | Getty Images Many Americans are waiting for their second stimulus check and others want to know when they could possibly get a third payment. The $1.9 trillion Covid relief plan pushed by President Joe Biden includes a third round of $1,400 stimulus
Imagine a mark-to-market capital gains tax, like the one proposed in New York, generating liability in a GameStop-style situation where retail investors have shares that have soared in value by orders of magnitude, get taxed on those gains, and then hold on too long and sell as the stock crashes back to earth. Whether you
A sign welcomes customers to indoor dining at a restaurant in Brooklyn on December 01, 2020 in New York City. Spencer Platt | Getty Images New York City restaurants will be allowed to reopen for indoor dining at limited capacity beginning on Feb. 14 as long as Covid-19 cases continue to remain stable, Gov. Andrew
Steven A. Cohen Scott Eells | Bloomberg | Getty Images Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets, has deactivated his Twitter account after his family received threats this week amid the GameStop trading frenzy. “I’ve really enjoyed the back and forth with Mets fans on Twitter which
If you’re the type of eager beaver who likes to get your taxes done early every year, you’ll have to wait a bit longer than usual to file your 2020 return — until well after Groundhog Day, in fact. The IRS recently announced that it won’t begin accepting returns until February 12, which is 16
An employee works inside an Office Depot Inc. Susana Gonzalez | Bloomberg | Getty Images Company: ODP Corp. (ODP) ODP Corp. is a provider of business services, products and digital workplace technology solutions to small and medium businesses. The company has a fully integrated business-to-business distribution platform of approximately 1,300 stores and online presence. The
The headquarters of the Consumer Financial Protection Bureau in Washington, D.C. JHVEPhoto | iStock Editorial | Getty Images The Consumer Financial Protection Bureau is expected to become a more aggressive consumer watchdog under the Biden administration and while the coronavirus pandemic hurls financial challenges at millions of Americans. Consumer advocates say the bureau was almost
- 1
- 2
- 3
- …
- 25
- Next Page »