Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from
Month: February 2021
Laura Crovo still has some lingering Covid symptoms, despite having contracted the virus last April. It’s been 10 months since Laura Crovo has felt entirely normal. Since testing positive for Covid last April, the 41-year-old Marylander has yet to shake off all of her symptoms. And on top of battling them — mostly a racing
Table of Contents Key Findings President Joe Biden and congressional policymakers have proposed several changes to the corporate income tax, including raising the rate from 21 percent to 28 percent and imposing a 15 percent minimum tax on the book income of large corporations. The proposals are being considered to raise revenue for new spending
Johnson & Johnson Coronavirus vaccine illustration Dado Ruvic | Reuters An advisory panel to the Centers for Disease Control and Prevention voted unanimously Sunday to recommend the use of Johnson & Johnson‘s one-shot Covid-19 vaccine as the federal government prepares to ship out millions of doses this week. Once CDC Director Dr. Rochelle Walensky accepts
A Moderna (COVID-19) vaccine is seen at the LA Mission homeless shelter on Skid Row, in Los Angeles, California, U.S., February 10, 2021. Lucy Nicholson | Reuters Moderna said Thursday it expects to make $18.4 billion in sales from its Covid-19 vaccine this year. In releasing its fourth-quarter earnings, Moderna also said its chief medical
CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s rally of as much as 175% over the past two days. “I think the average American right now is trying to figure out how do I find a stock that triples,” Cramer said. “‘Forget what
The Food and Drug Administration has approved Johnson & Johnson‘s Covid-19 vaccine for emergency use, giving the United States a third tool to fight the pandemic as highly contagious variants start to take root across the country. The FDA’s emergency use authorization Saturday kickstarts the federal government’s plan to distribute nearly 4 million doses of
Enrique Lores, CEO, HP Scott Mlyn | CNBC HP shares closed up less than 1% on Thursday after the PC maker reported fiscal first-quarter earnings that topped analysts’ estimates. HP stock was halted during the afternoon as shares suddenly rose. The company released its earnings report shortly after, though it had planned to announce the
Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week said the free-trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, noting dangers from the allure
A Feb. 18 rally celebrating the California Labor Commissioner’s order for a McDonald’s franchise to rehire and compensate workers who went on strike for coronavirus protections was held on Feb. 18, 2021. Lucy Nicholson | Reuters The fight for a $15 federal minimum wage just hit a major roadblock. On Thursday, nonpartisan Senate parliamentarian Elizabeth
Renee Montgomery of the Atlanta Dream. Adam Pantozzi | National Basketball Association | Getty Images Kelly Loeffler, the former U.S. senator who lost her seat in the Georgia runoff elections last month, is no longer a WNBA team owner. The Women’s National Basketball Association announced Friday that it and the NBA board of governors have
Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares were down as much as 4% in extended trading on Thursday after the enterprise-software company issued earnings that exceeded analysts’ estimates, but Salesforce came up short
Warren Buffett Gerard Miller | CNBC Warren Buffett, the 90-year-old “Oracle of Omaha,” remains a firm believer in the American dream, saying in his closely watched annual shareholder letter to “never bet against America.” “In its brief 232 years of existence … there has been no incubator for unleashing human potential like America,” the chairman
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC This is
Stony Brook, N.Y. First day of the 2020 fall semester at Stony Brook University. Newsday LLC | Newsday | Getty Images Some of the most selective colleges and universities are seeing a surge in applications for incoming freshmen this fall. Yet other schools are struggling. That may present an opportunity for families to try to
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few years until we find out which party is on the winning side. As thousands of
A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May and pushing the
Bill Clark | CQ-Roll Call, Inc. | Getty Images A Covid relief bill backed by Democrats could trigger billions of dollars in cuts to Medicare and other federal programs, like ones that support unemployed workers and student-loan borrowers, if it’s ultimately passed. The funding cuts would take effect in 2022 and last for several years.
A sign outside of a facility occupied by TreeHouse Foods in Brantford, Ontario, Canada. Kristoffer Tripplaar | SIPA USA | AP Company: TreeHouse Foods Inc. (THS) TreeHouse Foods Inc. of Oak Brook, Illinois manufactures consumer packaged food and beverages, including a range of shelf-stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad
Al Drago | Getty Images News | Getty Images Unemployment benefits extended Those programs include Pandemic Unemployment Assistance for self-employed, gig and other workers who don’t qualify for state-level assistance; and Pandemic Emergency Unemployment Compensation, which pays extra weeks of state benefits to the long-term unemployed. The bill would offer PUA recipients a maximum 74
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