In the few short weeks leading up to the holidays, Americans went all out on spending. It will take much, much longer to pay it off. The surge in spending last month may have contributed to the best holiday shopping season in years. Through Dec. 24, holiday retail sales rose 3.4%, while online sales jumped […]
A bunch of people in tech are setting resolutions to spend less time using tech
Getty Images One of the most common resolutions this New Year’s? For many of us, it’s to spend less time staring at a screen, and far more pursuing new hobbies and personal relationships that don’t involve technology. Somewhat ironically, a CNBC search found that top social media sites including Twitter and Facebook are littered with […]
Tech giants have big ambitions in health, but do best when they stick to what they know
The Activity App on the Apple Watch. Todd Haselton | CNBC Tech giants like Amazon, Apple and Alphabet‘s Google might be raking in cash from their core businesses, but they aren’t always successful in everything they try to do. Health care is an Achilles’ heel for many of them. In the past decade, almost all […]
Roku is the best-performing tech stock of 2019, but skeptics see a litany of risks
The Roku IPO at the Nasdaq, September 28, 2017. Source: Nasdaq Roku has more than quadrupled in value in 2019, making it the best-performing tech stock among U.S. companies with a market cap of at least $5 billion. But it’s been quite a bumpy ride, as investors have puzzled over the streaming company’s future. On […]
These biomedical breakthroughs of the decade saved lives and reduced suffering
Getty Images When it came to biomedical breakthroughs, this past decade represented a lot more hype than substance. We were promised a new era of “precision medicine,” where every patient would receive highly personalized treatments to target specifics fault in their genes. But in recent months, reports surfaced that these experimental therapies were failing most […]
‘Freedom ETF’ looks to introduce investing in human rights and liberties to traders
It’s hard to quantify the fight for life, liberty and freedom with cold, hard figures. But in a year where anti-government protests in Hong Kong have dominated headlines, bringing into focus an area of the world with a somewhat spotty record on human and economic rights, one exchange-traded fund has come to the fore that […]
A decade of Obamacare: How health care went from wrecking to boosting Democrats
U.S. President Barack Obama signs the Affordable Health Care for America Act during a ceremony with fellow Democrats in the East Room of the White House March 23, 2010 in Washington, DC. Win McNamee | Getty Images House Speaker Nancy Pelosi lost her gavel and regained it in this decade. Obamacare played a major role […]
The decade DC turned on Big Tech
Mark Zuckerberg, chief executive officer and founder of Facebook, speaks during a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Wednesday, April 11, 2018. Andrew Harrer | Bloomberg | Getty Images Facebook CEO Mark Zuckerberg had made it about an hour into his two-day marathon testimony in front of Congress before the […]
Stocks set to add to year-end rally in shortened Christmas Eve session
U.S. stock index futures pointed to a slightly higher start on Tuesday, building on gains in the record-setting rally into the year-end. Futures on the Dow Jones Industrial Average were up about 20 points, pointing to a higher open of more than 8 points. Futures on the S&P 500 and Nasdaq Composite were higher too. […]
Qualified opportunity zone regs. finalized
The IRS on Thursday issued final regulations (T.D. 9889) providing guidance on tax-favored investments in qualified opportunity zones (QOZs). These regulations provide additional guidance for taxpayers eligible to elect to temporarily defer the inclusion in gross income of certain gains if corresponding amounts are invested in certain equity interests in qualified opportunity funds (QOFs), as […]