The average daily cases of coronavirus infections in the United States went below 20,000 for the first time since March 2020. At a news conference on his administration’s COVID-19 Response and Vaccination Program, President Joe Biden said that the average daily cases are down to 19,000 from 184,000, the level […]

Top media firm GroupM says it expects 22% growth in media ad revenue in 2021 compared with 2019 levels, excluding political spending. Spending on ads will rise 15% over 2019, a marked improvement from the company’s prior forecast. Political spending, the company noted in its mid-year report, is not a […]

The S&P 500 came frustratingly close to a record high but failed to cross that hurdle. Still, several stocks have managed to make new highs this week, including ADP, Target, eBay, T-Mobile and Nvidia. Todd Gordon, founder of TradingAnalysis.com, told CNBC on Wednesday that one of those stocks should continue […]

CNBC's Jim Cramer said GameStop and AMC Entertainment are presenting buying opportunities as the companies prepare to reinvent themselves. "If you've ridden them up from much lower levels, take a little off the table," the "Mad Money" host said. "These stories could always get dinged." "These companies now have the […]

New York (CNN Business)Boeing is seeking a one-year delay in its deadline to deliver two new 747 jets to be used as Air Force One. And that would mean added costs for taxpayers. The aircraft manufacturer signed a $3.9 billion deal for the presidential planes with the Air Force in […]

The top 1% of households would see a tax increase of more than $213,000, on average, in 2022 if Congress passes President Joe Biden's proposed tax plan, according to the Urban-Brookings Tax Policy Center. The plan raises the top capital-gains tax rate and the top marginal income tax rate, for […]

It’s not your imagination. Your Chipotle burrito now costs more. The fast-casual chain has raised menu prices between 3.5 and 4% to help offset an increase in employee wages, Chipotle Chief Financial Officer Jack Hartung said at the Baird Global Consumer, Technology & Services Conference Tuesday. Chipotle announced in May it was hiring […]

Beech-Nut Nutrition, a popular brand of baby food, is voluntarily recalling a lot of its rice cereal because it contained levels of arsenic above federal guidelines. In the recall notice posted on the Food & Drug Administration website this week, Beech-Nut also has announced it will no longer sell the rice cereal and says […]

The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is ‘nowhere’ near such a scenario. In an interview with PTI, Subbarao suggested that […]