There are “encouraging signs of recovery” in Singapore’s tourism sector, according to the Singapore Tourism Board. Visitor arrivals reached 330,000 and tourism receipts reached an estimated $1.9 billion Singapore dollars ($1.4 billion) in 2021, according to data published today by the nation’s tourism board. These numbers, however, are down from 2020, when Singapore received 2.7
Netflix reported fourth-quarter earnings after the bell on Thursday. The streamer beat on profit and was in line with expectations on revenue, but shares plunged more than 20% in after-hours trading, to the lowest levels since June 2020, on slowing subscriber growth. Here are the key numbers: Earnings per share (EPS): $1.33 vs 82 cents
U.S. stock futures were steady in overnight trading on Tuesday following a sell-off on Wall Street triggered by surging bond yields. Dow futures rose just 10 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures were flat. On Tuesday, the Dow Jones Industrial Average lost more than 540 points, dragged down by a 7%
Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments plummeted and landlords started demanding double-digit increases. The average apartment rent in Manhattan hit $4,440 in December, while the more widely
The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Stocks started the new year on rocky footing as investors confronted the prospect of rising omicron cases, higher bond yields and the Federal Reserve tightening its monetary policy. These macroeconomic factors can cause confusion for even seasoned investors, particularly as
If you’re eager to save more, you may consider maxing out 2022 individual retirement account contributions early rather than waiting until the tax-filing deadline in 2023. But there are mixed opinions about lump-sum investing versus spreading out deposits at set intervals, known as dollar-cost averaging. The IRA contribution limits for 2022 are the lesser of
Justin Sullivan | Getty Images The Powerball jackpot just won’t quit. Through 38 drawings over three months, no ticket has managed to match all six numbers drawn. For Monday night’s drawing, the jackpot is now $540 million. Yet the prize still isn’t enough to vault it into the top 10 largest lottery jackpots. The crown
U.S. Covid cases have hit their highest level of the pandemic as two highly infectious variants circulate throughout the country and health officials urge Americans to get vaccinated and boosted against the virus. Nationwide daily new cases are at a record seven-day average of more than 265,000 as of Tuesday, according to data compiled by
The major averages rose for a third day on Thursday as investors looked past earlier jitters about the spread of the omicron Covid variant. The Dow Jones Industrial Average added 196.67 points, or 0.55%, to 35,950.56. The S&P 500 rose 0.62% to 4,725.79 and closed at a record. The 500-stock average sits less than 0.4%
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike on Monday reported better-than-expected fiscal second-quarter results, despite ongoing supply chain pressures that have slowed deliveries and threatened to upend the holiday shopping season. Sharses rose more than
Artist Chris Carnabuci stands before his sculptures of George Floyd and Breonna Taylor (L) featuring painting by Laolu Senbanjo otherwise known as Laolu NYC”, at Sotheby’s auction house in New York on December 9, 2021. Ed Jones | AFP | Getty Images The Big Three auction houses hit a record $15 billion in sales this
JPMorgan Chase is paying $200 million in fines to two U.S. banking regulators to settle charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The Securities and Exchange Commission said Friday that JPMorgan Securities agreed to pay $125 million after admitting to “widespread” record-keeping failures
Throughout our lives as students, we work hard to get a good education that will lead us to a solid job and fruitful career. But we aren’t prepared for what happens after graduation — responsibilities such as finding a place to live, getting that first job and paying rent and other bills. You can’t just
Millennials stand to inherit a whopping $68 trillion from the baby boom generation. But they aren’t necessarily taking cues from their parents on how to manage their money. The proliferation of online money management platforms has given millennials more options than their parents once had. Many are opting to go it alone, according to a
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images An activist is reportedly pressuring Kohl’s to consider either a sale or a separation of its online business, following a similar move by the department store chain Saks
Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Shares of Signet Jewelers fell on Thursday despite the parent company of Kay Jewelers, Zales and Jared reporting fiscal third-quarter earnings ahead of analysts’ expectations, prompting it to
Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased
Private jet demand is booming — to the extent that companies can’t produce them quickly enough and buyers are facing extended wait periods for deliveries. Even secondhand business jets are vanishing from the market. “If you look at today compared to 2019, the market has almost exploded,” John Schmidt, global aerospace and defense industry
A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Rocket Lab CEO Peter Beck was once confident that his company would never reuse its rockets like Elon Musk’s SpaceX — to
sturti | E+ | Getty Images It’s a great time to quit your job. Just make sure you have another one to go to. The latest data from the ADP Workforce Vitality Report found that the “Great Resignation” going on in today’s labor market is still paying off handsomely for those leaving their jobs for
MoMo Productions | DigitalVision | Getty Images Retirees are coming out of retirement, and that’s a good sign for the labor market. Early retirements among older Americans were among the many labor distortions related to the Covid-19 pandemic, according to economists, as health risks and other factors led many to leave their jobs. But there’s
Southeast Asian e-commerce company Zalora is anticipating record-breaking business this Singles Day amid economic reopening and increased tech adoption across the region. Speaking to CNBC as the world’s biggest shopping event kicked off, Zalora Group’s CEO Gunjan Soni said she expected Thursday’s activity to outpace that of last year, when the company saw $100 million
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett
Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask regulators to approve the pill as soon as possible.
Amazon founder Jeff Bezos’ entrepreneurial journey is an inspiration for many. But for Nipun Mehra, it hits closer to home. As a former software engineer working in Amazon’s Seattle HQ in 2004, Mehra got to see first-hand the inner workings of the then-burgeoning retailer, and absorb the leadership lessons of its founder. So when, 15
A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters One of the GameStop‘s newly hired top executives stepped down this week as the video game retailer continues its digital transition. Chief operating officer Jenna Owens has departed her role at
zimmytws | iStock | Getty Images House Democrats are reintroducing a Social Security reform bill popular with their party. This time, it features some changes aimed at attracting more support from Republicans. The bill, known as the Social Security 2100 Act, is being brought forward by Rep. John Larson, D-Conn., chairman of the House Ways
Dorie Clark, author of “The Long Game: How to Be a Long-Term Thinker in a Short-Term World.” We spend our days replying to emails, going to meetings, checking off to-do lists and, as our careers zip by, sometimes we wonder if we picked the right profession, or if our lives wouldn’t have been better spent
Former President Bill Clinton Adam Jeffery | CNBC Former President Bill Clinton was hospitalized Tuesday evening to receive treatment for a non-Covid related infection, according to his spokesman. Clinton’s spokesman, Angel Ureña, said late Thursday that the former president was admitted to UC Irvine Medical Center in California. Ureña announced on Friday that “all health
Delta Air Lines on Wednesday reported a quarterly profit and higher-than-expected revenue for the third quarter, but warned that more expensive fuel will pressure its bottom line in late 2021 despite improving travel demand. “At present time, we’re expecting a modest loss in the fourth quarter,” CEO Ed Bastian said on a quarterly call with
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