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First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market. The total for the week ended Feb. 6 was above the 760,000 forecast from economists surveyed by Dow Jones but a slight decrease from the previous week’s upwardly revised total of 812,000. The pandemic era

Long ago, in the dawn of the Internet age, pirates ruled the digital waves and music-lovers found, to their delight, that anything could be downloaded for free. Sales of recorded music crashed. Every musician was playing the blues. Those days are over, but the road to a business model that works for Internet companies, music

The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for

How the Banana Republic Credit Card Works If you’re a frequent shopper at Banana Republic, you’ve probably been informed about the store’s credit card at the checkout counter or seen advertisements for the credit card online, along with a promise of a discount on the day’s purchases. Banana Republic actually offers two credit cards: The

A bitcoin ATM is seen inside the Big Apple Tobacco Shop on February 08, 2021 in New York. Michael M. Santiago | Getty Images Pressure is building on Wall Street banks to accept bitcoin as a legitimate asset class – and it’s coming from within, CNBC has learned. Last month, during a town hall meeting

How the Shell Fuel Reward Card Works Royal Dutch Shell, also known simply as Shell, is one of the oldest and most recognizable brands in the world. The company was established in 1897 as the Shell Transport and Trading company and sold kerosene to customers in Asia. The company operates in 70 countries globally and produces more

EBay Inc. signage is displayed at the entrance to the company’s headquarters in San Jose, Calif. David Paul Morris | Bloomberg | Getty Images Is the market gearing up for a pullback? A correction for stocks could be on the horizon, says strategists from Bank of America, but this isn’t necessarily a bad thing. “We

The Goodyear Credit Card from Goodyear Tire & Rubber Company (NASDAQ: GT) offers financing for tires and other products and services purchased at Goodyear locations, and can also be used at Exxon and Mobil gas stations (and Exxon/Mobil stations). Offered through Citibank, the card has some perks, including zero-interest payments for up to six months

U.S. President Donald Trump at the White House in Washington, D.C., October 18, 2019. Leah Millis | Reuters A CNBC survey conducted in the days before former President Donald Trump’s impeachment trial finds a large share of Republicans want him to remain head of their party, but a majority of Americans want him out of

What Is the Racial Wealth Gap? The racial wealth gap refers to the difference in wealth among different racial or ethnic groups. The term covers the disparities in access to opportunities, means of support, and resources. Federal surveys reveal that a large disparity exists in the United States among these groups. Data from the 2019

Source: AppHarvest Company: AppHarvest Inc. (APPH) The agriculture technology company focuses on building an indoor farm in Appalachia. The company combines agricultural techniques with cutting-edge technology and including access for all to nutritious food, farming and building a homegrown food supply. The company operates a 60-acre controlled environment, agriculture facility in Morehead, Kentucky, which grows

A company’s marketing efforts have a direct impact on their sales and market share, but they are not the only factors that influence overall performance in their respective industries. Creating a positive brand image through marketing efforts is also vital to a business’s success. Key Takeaways Creating a positive brand image through marketing efforts is

gradyreese | E+ | Getty Images One of my favorite movie quotes comes from “Gladiator,” as Maximus calls out to the crowd, “Are you not entertained?” In this new pandemic-focused world, it appears that we should be changing that to “Are you not engaged?” The topic of engagement is everywhere. At home, parents are seeking

The almighty hedge fund has for a while been synonymous with lavish Wall Street lifestyles (and all its connotations, both good and bad) for several decades. But perhaps the 1990’s through 2000’s has been a blip on the radar. The concept of the hedge funds date back to Alfred Winslow Jones’ company, A.W. Jones &

Virgin Galactic’s spacecraft Unity prepares for flight. Virgin Galactic Virgin Galactic shares dropped after the company on Friday delayed its next spaceflight test, which was scheduled for this weekend. “We have been progressing through our pre-flight preparations and, during that process, we have decided to allow more time for technical checks. We are working to

A fringe benefit is any non-wage form of compensation and is usually offered by an employer as both an employee incentive and a way to reduce taxes. In fact, many fringe benefits are tax-advantageous to both the employer and the employee. There are limits to this, and some fringe benefits do not provide a tax

A protester against Robnhood and it’s CEO holds signs in San Francisco. Lupe Mejia | CNBC Some Robinhood traders who can’t get in touch with customer service are trying another tactic: showing up at its front door. A handful of Robinhood’s clients have driven to the start-up’s headquarters in California, demanding to speak to a

Inquiries for pre-approved offers do not affect your credit score unless you follow through and apply for the credit. If you read the fine print on the offer, you’ll find it’s not really “pre-approved.” Anyone who receives an offer still must fill out an application before being granted credit. The pre-approval means that the lender

Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Shares of Virgin Galactic climbed as a notice from the Federal Aviation Administration indicated that the company’s next spaceflight test is on track to launch as early as Saturday. An FAA notice posted on Thursday said

We may be moving toward a cashless society, but we’re not there yet. Despite the growth of electronic payments, debit cards, and credit cards, checks are still widely used in the United States. More than 14 billion paper checks were issued in 2018 alone, according to a Federal Reserve report. While writing a check is quite