In this article ETH Ethan Allen CEO Farooq Kathwari told CNBC on Tuesday the company expects its production backlogs to catch up by early next year after a series of pandemic-induced supply issues. “One of the advantages we have is that first of all, you know, we have the right kind of product lines. And
In this article COIN BTC.CB= Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Robert Nickelsberg | Getty Images Coinbase shares rose as much as 2.1% in extended trading Tuesday after reporting second-quarter revenues that were stronger than analysts had expected.
In this article IYG U.S. stock index futures were flat during overnight trading on Tuesday, after the Dow and S&P 500 closed at record highs following the Senate passing the $1 trillion infrastructure bill. Futures contracts tied to the Dow Jones Industrial Average were slightly higher. S&P 500 futures and Nasdaq 100 futures were flat.
1995 McLaren F1 Photo: Mike Maez | Gooding & Co. The Super Bowl of super-rich car collecting kicks off in Monterey, Ca. this week as more than $300 million worth of rolling trophies comes up for auction. After an unexpected surge in classic-car sales and prices during the pandemic, Monterey Car Week and the Pebble
Kristine Davis, a spacesuit engineer at NASA’s Johnson Space Center, wears a ground prototype of the new Exploration Extravehicular Mobility Unit (xEMU), during a demonstration on Oct. 15, 2019. Joel Kowsky / NASA Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current
In this article MS BLK skynesher | Getty Images Direct indexing, which allows investors to buy the stocks of an index, instead of purchasing a mutual or exchange-traded fund, may soon be available to more investors. While ultra-high-net-worth people have historically used the strategy, those with fewer assets may soon have access as more financial
Alex Potemkin | E+ | Getty Images Being ultra-tech-savvy apparently isn’t enough to protect you from online scams, a new report suggests. The number of individuals age 20 or younger — members of Generation Z who have grown up on smartphones and the internet — reporting they are victims of cyber-fraud has surged 156% over
Logo for Getaround peer-to-peer car sharing service on the side of a car in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images When the coronavirus pandemic put a halt to nearly all travel, Anwar Ali was forced to store a fleet of cars he
Last week the Organisation for Economic Co-operation and Development (OECD) released an updated list of “Harmful Tax Practices” that have been identified as part of a country peer review process. One notable element of the recent list states that the United States has committed to abolish the deduction for Foreign Derived Intangible Income (FDII). However,
In this article MRNA Justin Trudeau, Canada’s prime minister, listens during a news conference in Ottawa, Ontario, Canada, on Friday, June 4, 2021. Trudeau said that 65% of eligible Canadians have received a first dose of the Covid-19 vaccine. David Kawai | Bloomberg | Getty Images Moderna said Tuesday it has reached a deal with
Short-seller Jim Chanos warned that retail investors late in the game could be left holding the bag as more red flags emerged in a speculative stock market. “The problem with getting more people, retail, involved is that it always seems to happen toward the end of every cycle. Retail wasn’t there at ’09 at the
A job fair at a community center in Beattyville, Kentucky, on July 28, 2021. Jon Cherry/Bloomberg via Getty Images About 3.4 million Americans were long-term unemployed in July, a reduction of about 560,000 from the prior month, according to the Bureau of Labor Statistics. However, the figures remain elevated relative to pre-pandemic levels. About 2
In this article MNTV A new survey conducted by CNBC and Momentive suggests that small businesses across the U.S. must be at little risk of being victims of a hack, or they are supremely overconfident about their place in the growing, national cybersecurity threat. For Main Street customers, not knowing the answer to that question
In this article PEP SAM The Boston Beer Company and PepsiCo today announced plans to enter a business collaboration to produce HARD MTN DEW alcoholic beverage. Source: Boston Beer Company PepsiCo and Sam Adams brewer Boston Beer are teaming up to create an alcoholic version of Mountain Dew. Boston Beer will develop and produce the
Take a look at some of the biggest movers in the premarket: Casper Sleep (CSPR) – The sleep products company reported record quarterly revenue that came in above Street forecasts, though it still reported a quarterly loss. Casper Sleep said it saw strong growth in both retail and direct-to-consumer sales channels, but noted that it
Sue Barr | Image Source | Getty Images Families with children would be major winners if the $3.5 trillion budget blueprint released Monday by Democrats holds up. The package instructs Senate committees to invest trillions of dollars to boost the social safety net for families through programs and services such as an expanded child tax
Nurses watch a computer screen in Bogota, Colombia on February 18, 2021. JUAN BARRETO | AFP | Getty Images LONDON — People who are fully vaccinated against Covid-19 are highly protected against severe infection, hospitalization and death caused by the virus. But coronavirus cases among the fully vaccinated — so-called “breakthrough” Covid cases — are
In this article HOOD An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging from Big Tech to bitcoin to Reddit rebellion stocks to long-term bonds.
In this article PFE MRNA SVA Unvaccinated people are eager to travel again. But more and more, the rules make that harder. Travelers are increasingly required to show proof of vaccination before they can cruise, book group tours, avoid quarantines, or vacation to tropical islands. Beyond that, vaccines are needed for everyday activities including attending
Halfpoint | iStock | Getty Images Many Americans are looking to Labor Day with dread. That’s when some 7.5 million of them will stop receiving their unemployment benefits. The number is more than five times the 1.3 million people who lost aid in December 2013 as the country walked away from the Great Recession. Although