A woman told police she had a child with casino mogul Steve Wynn after he raped her, while another reported she was forced to resign from a Las Vegas job after she refused to have sex with him. The Associated Press on Tuesday obtained copies of police reports recently filed by the two women about
It looks like the Tooth Fairy was strapped for cash in 2017. The average payout for a child’s tooth dropped from $4.66 to $4.13, a decrease of 11%, according to an annual survey by Delta Dental, which asked 1,007 parents of 6- to 12-year-olds about Tooth Fairy spending habits. The poll was conducted in mid-December.
Joshua Roberts | Getty Images Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, November 28, 2017. Federal Reserve Chairman Jerome Powell said exchange-traded funds were not the main reason behind the market decline earlier this year. “We looked
How do you stack up against the wealthiest Americans? To be a 1 percenter, you need to have an adjusted gross income of at least $480,930, according to the latest data from the Internal Revenue Service, which looked at income statistics for tax year 2015. The top 1 percent accounted for 1.4 million individual income
As Federal Reserve chairman, Jerome Powell oversees monetary policy and regulates banks. But members of Congress questioned him as if he were an omnipotent politician capable of addressing all sorts of issues that fell beyond the normal duties of central banking. The hot seat questioning reached its apex during grilling from Rep. David Scott, a
Taxation of stock options depends on what kind you have, and how long you hold those options before selling them. There are incentive stock options (which must meet specific rules under the tax code) and non-qualified stock options (pretty much everything that isn’t an ISO). For non-qualified stock options, generally speaking, you pay taxes when
Alberto E. Rodriguez | Getty Images Entertainment | Getty Images Actor Letitia Wright who plays ‘Shuri’ from Marvel Studios’ “Black Panther” at the San Diego Comic-Con International 2017 Marvel Studios Panel in 2017. “It is thrilling to see how inspired young audiences were by the spectacular technology in the film,” Disney’s Iger said a statement.
[The stream is slated to start at 10 am, ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his mandated semiannual report to Congress this week, with the first stop Tuesday at the House Financial Services committee. In addition to delivering a
The yield on the benchmark 10-year Treasury could be as high as 4 percent in 18 months, strategist Tom Lee told CNBC on Tuesday. That’s in line with what nominal GDP looks like, the co-founder of Fundstrat Global Advisors told “Squawk Box.” “That’s where the 10-year should be,” he said. The Commerce Department last month
A period of very calm and quiet trading has lulled investors into a sense of complacency that, by some measures, has not been seen in years, according to some financial advisors. The recent sharp movements in markets have been a wake-up call for complacent investors, experts say. From February 2016-January 2018, volatility in the stock
They say love is blind, but not when it comes to credit card debt. More than 3 in 4 Americans consider too much card debt a relationship deal breaker, according to personal finance site Finder.com. How much is too much? On average, the debt became unacceptable once balances topped $11,525, the site found. Fortunately, that
PeopleImages | Getty Images Whether a variable annuity is a good option depends on all sorts of related financial considerations, including other sources of income in retirement and your individual situation and goals. It isn’t every day that an older client might consult experts to help him become impoverished as he prepares for long-term care.
Macy’s turnaround plans are taking hold, marking a positive sign for the overall retail industry, and the company expects the momentum to continue into 2018. In an interview Tuesday with CNBC, CEO Jeff Gennette said same-store sales were up 3 percent in January, as the company had fresher merchandise in stores and less carryover from
SeaWorld Entertainment posted a fourth-quarter loss of $20.4 million and says CEO Joel Manby is stepping down. John Reilly, the chief parks operations officer, will take over on an interim basis. On a per-share basis, the Orlando, Florida, company had a loss of 24 cents, which is worse than the per-share loss of 18 cents
A man who has claimed to be the creator of bitcoin is being sued over an alleged scheme to steal $5 billion worth of cryptocurrency and other assets from a former business partner. Australian entrepreneur Craig Wright in 2016 said he was Satoshi Nakamoto, the mysterious inventor behind the world’s largest cryptocurrency. But a lawsuit,
U.S. luxury homebuilder Toll Brothers reported a first-quarter profit on Tuesday that beat analysts’ estimates as it sold more homes at higher prices, sending its shares up 2 percent in premarket trading. Toll’s results underscore strong demand in the housing market despite climbing interest rates and supply constraints including higher labor and raw material costs.
Cybersecurity company Palo Alto Networks’ quarterly revenue and profit topped Wall Street estimates and the company gave an upbeat third-quarter forecast, helped by better-than-expected growth in its product business. The company’s shares rose 5.1 percent to $178 after the bell on Monday. Revenue in the company’s product business, which includes firewall protection software Panorama, rose
The European Commission will withdraw its complaint against Ireland for not recovering 13 billion euros ($16 billion) in unpaid taxes from Apple, but only if the country recovers that amount in full, the EU’s Competition Commissioner Margrethe Vestager told CNBC. The EU took Ireland to the European Court of Justice last October for failure to
Hedge funds have received their fair share of criticism for their hefty fees, but there are still reasons to invest in them, according to an expert. “There’s 15,000 hedge funds out there and I think 90 percent of those hedge funds aren’t worth the fees that people pay,” said Donald Steinbrugge, chief executive and founder
Check out the companies making headlines after the bell Monday: Fitbit shares dropped more than 11 percent after hours. The wearable technology company reported losses per share of 2 cents and revenues that missed expectations by $18 million, disappointing Wall Street. Guidance for the upcoming quarter and year were both extremely weak, significantly missing estimates