How much Mega Millions, Powerball winners have paid in 2021 taxes

mphillips007 | iStock Unreleased | Getty Images When it comes to the lottery, it’s been a good year so far for Uncle Sam. Winners of Powerball and Mega Millions jackpots — worth an advertised $2.9 billion in all — have collectively paid roughly $515 million to the IRS in 2021 taxes. And that won’t be […]

China orders Wuhan mass testing, Beijing restrictions as Covid delta spreads

Residents of Wuhan city in China’s Hubei province queue to take nucleic acid tests for Covid-19 on August 3, 2021. STR | AFP | Getty Images China is facing pockets of resurgence in major cities from Beijing to Wuhan, and authorities have imposed mass testing and widespread travel restrictions in some areas. Daily Covid-19 cases […]

Clorox CEO confident in growth, even after disappointing Q4 and guidance

Clorox CEO Linda Rendle defended the company’s long-term prospects Tuesday, telling CNBC its disappointing fourth-quarter earnings and 2022 sales forecasts are the result of temporary factors that will wane with time. In an interview with CNBC’s Jim Cramer on “Mad Money,” Rendle said Clorox is emerging from the coronavirus pandemic “a much stronger company” even if […]

Cramer expects these ‘pseudo-lockdown stocks’ to benefit

CNBC’s Jim Cramer said Tuesday Covid delta variant concerns are a dominant theme on Wall Street right now, suggesting investors may want to position their portfolios to capture the market’s sentiment. The “Mad Money” host said much uncertainty remains about the future trajectory of the virus in the U.S. and policymakers’ responses to it. However, […]

Charts suggest the stock market is getting close to a near-term top, Cramer says

CNBC’s Jim Cramer said Tuesday technical analysis indicates the stock market may be approaching a near-term peak. “The charts, as interpreted by the legendary Tom DeMark, suggest that the market’s getting close to a top, especially the S&P 500 and the Nasdaq 100. He’s not too keen on the Dow Jones Industrial Average, either,” the […]

Made in China products run into new logistics problems

A ship leaves a container port in the evening in Lianyungang in east China’s Jiangsu province Thursday, July 22, 2021. Feature China | Barcroft Media | Getty Images BEIJING — Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s […]

Australia’s trade minister on vaccination rates and travel bubbles

Police officers on patrol at the Opera House on July 11, 2021 in Sydney, Australia. James D. Morgan | Getty Images More Australians need to be vaccinated before the country sets up travel bubbles and lets international students in. Australia has closed its doors to the outside world since March 2020, and even barred its […]

‘I very much would like to make the team’

The world was mesmerized by U.S. swimmer Caeleb Dressel during his triumphant performances at the Tokyo Olympics. While his events might be over in Tokyo, don’t count him out for the Paris Olympics in 2024. “I very much would like to make the team, but got to get put on the team first,” said the […]

A ‘roaring era’ for concerts and live events is coming, says Live Nation CEO

Chris Robinson and Rich Robinson of The Black Crowes perform onstage to kick off the “Shake Your Money Maker” tour to a sold out crowd at Ascend Amphitheater on July 20, 2021 in Nashville, Tennessee. (Photo by Jason Kempin/Getty Images for Live Nation) Jason Kempin | Getty Images Entertainment | Getty Images After a year […]