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TESLA RECALLS NEARLY 6,000 MODEL 3 AND MODEL Y CARS OVERAUTHOR:JESSICA BURSZTYNSKY
The company's stock closed down 3%. Tesla said it was made aware of an issue in December of a field incident involving a 2021 Model Y with a TRUMP BLOG PAGE SHUTS DOWN FOR GOODAUTHOR: KEVIN BREUNINGER Former President Donald Trump's blog has been permanently shut down. The page "From the Desk of Donald J. Trump" has been scrubbed from Trump's website and "will not be THESE TAXPAYERS WILL GET REFUNDS ON UNEMPLOYMENT BENEFITSAUTHOR:ALICIA ADAMCZYK
The IRS will begin issuing refunds on 2020 unemployment insurance taxes to some taxpayers this week, the agency announced Friday. Therefunds will be
UNEMPLOYMENT TAX REFUND: TAXPAYERS FRUSTRATED BY IRSAUTHOR: ALICIAADAMCZYK
On May 14, the IRS announced that tax refunds on 2020 unemployment benefits would begin to be deposited into taxpayer bank accountswithin the
STUDENTS PROTEST MANDATORY COVID VACCINATIONS AT COLLEGES In the midst of a public health crisis, hundreds of colleges have already said Covid vaccines will be mandatory for fall 2021. Not all students plan to comply. Across the country, a growing number CDC: SAFE TO TAKE TYLENOL OR OTC PAIN MEDICATIONS AFTER Yes, you can take OTC pain meds after getting the Covid vaccine, says CDC — plus other tips for dealing with side effects. Covid vaccines come with some side effects, which is a sign that your HERE'S WHY MARRIED COUPLES MUST WAIT FOR UNEMPLOYMENT TAXAUTHOR: GREGIACURCI
However, upon closer examination, one spouse got $5,000 of benefits and the other received $15,400. This couple would be able to exclude$15,200 from
INSURERS BRACE FOR LAWSUITS AS WORKERS RETURN TO THE OFFICE As U.S. businesses bring workers back to the office, big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claimsrelated to
CHINA'S GUANGZHOU FIGHTS DELTA COVID VARIANT WITH A 75-year old woman in Liwan, a district of Guangzhou in the west of the city, was the first confirmed case of the Delta variant on May 21.She visited a restaurant and ended up infecting her THESE ARE THE 2021 CNBC DISRUPTOR 50 COMPANIESSEE FULL LIST ONCNBC.COM
TESLA RECALLS NEARLY 6,000 MODEL 3 AND MODEL Y CARS OVERAUTHOR:JESSICA BURSZTYNSKY
The company's stock closed down 3%. Tesla said it was made aware of an issue in December of a field incident involving a 2021 Model Y with a TRUMP BLOG PAGE SHUTS DOWN FOR GOODAUTHOR: KEVIN BREUNINGER Former President Donald Trump's blog has been permanently shut down. The page "From the Desk of Donald J. Trump" has been scrubbed from Trump's website and "will not be THESE TAXPAYERS WILL GET REFUNDS ON UNEMPLOYMENT BENEFITSAUTHOR:ALICIA ADAMCZYK
The IRS will begin issuing refunds on 2020 unemployment insurance taxes to some taxpayers this week, the agency announced Friday. Therefunds will be
UNEMPLOYMENT TAX REFUND: TAXPAYERS FRUSTRATED BY IRSAUTHOR: ALICIAADAMCZYK
On May 14, the IRS announced that tax refunds on 2020 unemployment benefits would begin to be deposited into taxpayer bank accountswithin the
STUDENTS PROTEST MANDATORY COVID VACCINATIONS AT COLLEGES In the midst of a public health crisis, hundreds of colleges have already said Covid vaccines will be mandatory for fall 2021. Not all students plan to comply. Across the country, a growing number CDC: SAFE TO TAKE TYLENOL OR OTC PAIN MEDICATIONS AFTER Yes, you can take OTC pain meds after getting the Covid vaccine, says CDC — plus other tips for dealing with side effects. Covid vaccines come with some side effects, which is a sign that your HERE'S WHY MARRIED COUPLES MUST WAIT FOR UNEMPLOYMENT TAXAUTHOR: GREGIACURCI
However, upon closer examination, one spouse got $5,000 of benefits and the other received $15,400. This couple would be able to exclude$15,200 from
INSURERS BRACE FOR LAWSUITS AS WORKERS RETURN TO THE OFFICE As U.S. businesses bring workers back to the office, big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claimsrelated to
COVID-19 CASES, DEATHS, AND VACCINATIONS: DAILY U.S. DATA More than 50% of the U.S. population has received at least one Covid vaccine shot, federal data shows, as nationwide case counts continueto fall.
RUSSIA INCREASES KEY RATE TO 5.5%, FLAGS MORE HIKES DUE TO 21 hours ago · Russia's central bank increased its key interest rate to 5.5% on Friday, increasing the cost of lending for the third time this year due to rising inflation and said more hikes would be needed. BITCOIN 2021 ATTENDEES REPORT COVID CASES AFTER RETURNING 1 day ago · Some of the 12,000 attendees who flew into Miami last weekend for the biggest bitcoin event in history have started testing positive for Covid. There was no mask mandate and proof of vaccinationLIVE AUDIO - CNBC
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APPLE SMART HOME UPDATES FROM WWDC 2021 13 hours ago · Apple is taking a different approach with its smart home strategy than it does with its main platforms, like iOS or MacOS, where it builds the hardware and FAUCI ON WHEN WE MAY NEED BOOSTER SHOTS FOR COVID VACCINE White House chief advisor Dr. Anthony Fauci said people may need to get booster shots for the Covid vaccines in a year, during an interview with MSNBC’s Medhi Hasan Monday. Recent data HERE'S HOW ELON MUSK AVOIDED TAXES WITH CAPITAL LOSSESCLICK TO VIEW ON BING2:5316 HOURS AGO · CNBC'S ROBERT FRANK TAKES A LOOK AT HOW BILLIONAIRES LIKE ELON MUSK PAY A LOWER TAX RATE. GOT A CONFIDENTIAL NEWS TIP? WE WANT TO HEAR FROM YOU. SIGN UP FOR FREE NEWSLETTERS ANDGET MORE CNBC
16 hours ago · CNBC's Robert Frank takes a look at how billionaires like Elon Musk pay a lower tax rate. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC CNBC STOCK DRAFT 2021 LEADERBOARD CNBC Stock Draft 2021 Leaderboard. Each team selected 2 stocks/investments from a list of 60. The team with the highest average appreciation (not including dividends) at the close of tradingon
CHARTS SUGGEST BITCOIN MIGHT TAKE ANOTHER MONTH TO BOTTOMCLICK TOVIEW10:51
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PREMARKET STOCK TRADING DATA: DOW, S&P, NASDAQ FUTURESMARKETSU.S.COMMODITIESBUSINESS NEWSCL.1WORLD HEAT MAP Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Commodities, currencies and global indexes also shown. THESE ARE THE 2021 CNBC DISRUPTOR 50 COMPANIES While technologies including AI, 5G, cloud computing and the Internet of Things are key to many companies making the 2021 Disruptor 50 list, the sectors they are upending are widespread, from UNEMPLOYMENT TAX REFUND: TAXPAYERS FRUSTRATED BY IRS On May 14, the IRS announced that tax refunds on 2020 unemployment benefits would begin to be deposited into taxpayer bank accountswithin the
STUDENTS PROTEST MANDATORY COVID VACCINATIONS AT COLLEGES In the midst of a public health crisis, hundreds of colleges have already said Covid vaccines will be mandatory for fall 2021. Not all students plan to comply. Across the country, a growing number THESE TAXPAYERS WILL GET REFUNDS ON UNEMPLOYMENT BENEFITS The IRS will begin issuing refunds on 2020 unemployment insurance taxes to some taxpayers this week, the agency announced Friday. Therefunds will be
HOW COVID AFFECTS MENTAL HEALTH AND BRAIN AFTER RECOVERY A new study out of Oxford found that one in three people who have survived Covid-19 are diagnosed with a neurological or psychiatric condition within six months of INSURERS BRACE FOR LAWSUITS AS WORKERS RETURN TO THE OFFICE Big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claims related to employment and labor lawsuits as workers head back to the office. Covid-related litigation and CDC: SAFE TO TAKE TYLENOL OR OTC PAIN MEDICATIONS AFTER Yes, you can take OTC pain meds after getting the Covid vaccine, says CDC — plus other tips for dealing with side effects. Covid vaccines come with some side effects, which is a sign that your HOW BIDEN’S REAL ESTATE TAX PLAN MAY HIT SMALLER PROPERTY Biden’s plan abolishes the right to defer taxes on property gains over $500,000. The measure may affect more people than wealthyinvestors,
COVID-19 CASES, DEATHS, AND VACCINATIONS: DAILY U.S. DATA More than 50% of the U.S. population has received at least one Covid vaccine shot, federal data shows, as nationwide case counts continueto fall.
PREMARKET STOCK TRADING DATA: DOW, S&P, NASDAQ FUTURESMARKETSU.S.COMMODITIESBUSINESS NEWSCL.1WORLD HEAT MAP Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Commodities, currencies and global indexes also shown. THESE ARE THE 2021 CNBC DISRUPTOR 50 COMPANIES While technologies including AI, 5G, cloud computing and the Internet of Things are key to many companies making the 2021 Disruptor 50 list, the sectors they are upending are widespread, from UNEMPLOYMENT TAX REFUND: TAXPAYERS FRUSTRATED BY IRS On May 14, the IRS announced that tax refunds on 2020 unemployment benefits would begin to be deposited into taxpayer bank accountswithin the
STUDENTS PROTEST MANDATORY COVID VACCINATIONS AT COLLEGES In the midst of a public health crisis, hundreds of colleges have already said Covid vaccines will be mandatory for fall 2021. Not all students plan to comply. Across the country, a growing number THESE TAXPAYERS WILL GET REFUNDS ON UNEMPLOYMENT BENEFITS The IRS will begin issuing refunds on 2020 unemployment insurance taxes to some taxpayers this week, the agency announced Friday. Therefunds will be
HOW COVID AFFECTS MENTAL HEALTH AND BRAIN AFTER RECOVERY A new study out of Oxford found that one in three people who have survived Covid-19 are diagnosed with a neurological or psychiatric condition within six months of INSURERS BRACE FOR LAWSUITS AS WORKERS RETURN TO THE OFFICE Big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claims related to employment and labor lawsuits as workers head back to the office. Covid-related litigation and CDC: SAFE TO TAKE TYLENOL OR OTC PAIN MEDICATIONS AFTER Yes, you can take OTC pain meds after getting the Covid vaccine, says CDC — plus other tips for dealing with side effects. Covid vaccines come with some side effects, which is a sign that your HOW BIDEN’S REAL ESTATE TAX PLAN MAY HIT SMALLER PROPERTY Biden’s plan abolishes the right to defer taxes on property gains over $500,000. The measure may affect more people than wealthyinvestors,
MARKETS: INDEXES, BONDS, FOREX, KEY COMMODITIES, ETFS View up-to-date U.S. market and world market charts. Get the latest on world economy news and global markets in our Market Overview. MANY MILLIONAIRES SUPPORT HIGHER TAXES ON RICH AND Almost half of millionaires support a higher capital gains tax to help fund education reform as proposed in President Joe Biden's AmericanFamilies Plan,
DEUTSCHE BANK WARNS OF GLOBAL 'TIME BOMB' COMING DUE TO In an out-of-consensus forecast, Deutsche Bank is warning of a potential crisis coming from inflation. "The effects could be devastating, particularly for the most vulnerable in society," thefirm
FAUCI'S 2,000 EMAILS A DAY SHOW HOW LITTLE U.S. OFFICIALS The release of thousands of Dr. Anthony Fauci's emails showed patience, diplomacy and diligence in his often late-night replies to high-level U.S. officials, famous performers and everyday people INTERACTIVE BROKERS CHAIR THOMAS PETERFFY: DON'T BE SHORT Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against so-called meme stockslike AMC
TALIBAN KILL AT LEAST 10 AFGHANS WORKING TO CLEAR 12 hours ago · Taliban insurgents shot dead 10 Afghans working for a de-mining agency in an attack on their camp in the north of the country, police said on Wednesday. G7 NATIONS REACH HISTORIC DEAL ON GLOBAL TAX REFORM Under the agreement, G-7 nations will back a global minimum corporate tax of at least 15%, U.K. Finance Minister Rishi Sunak announced in a series of tweets. The reforms will affect the largestLIVE AUDIO - CNBC
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KROGER BONUSES
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CHRISTIAN RODRIGUEZ
2 hours ago · Christian Rodriguez is a student in the Columbia University Class of 2022, majoring in Latin American and Iberian cultures and European history, politics, and society. He was a spring2021 intern
MARKETS: INDEXES, BONDS, FOREX, KEY COMMODITIES, ETFSU.S.PRE-MKTBUSINESS NEWSCHINAWORLDDJI View up-to-date U.S. market and world market charts. Get the latest on world economy news and global markets in our Market Overview. PREMARKET STOCK TRADING DATA: DOW, S&P, NASDAQ FUTURESMARKETSU.S.COMMODITIESBUSINESS NEWSCL.1WORLD HEAT MAP Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Commodities, currencies and global indexes also shown. THESE ARE THE 2021 CNBC DISRUPTOR 50 COMPANIES While technologies including AI, 5G, cloud computing and the Internet of Things are key to many companies making the 2021 Disruptor 50 list, the sectors they are upending are widespread, from THESE TAXPAYERS WILL GET REFUNDS ON UNEMPLOYMENT BENEFITS The IRS will begin issuing refunds on 2020 unemployment insurance taxes to some taxpayers this week, the agency announced Friday. Therefunds will be
CNBC DISRUPTOR 50
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INSURERS BRACE FOR LAWSUITS AS WORKERS RETURN TO THE OFFICE Big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claims related to employment and labor lawsuits as workers head back to the office. Covid-related litigation and CDC: SAFE TO TAKE TYLENOL OR OTC PAIN MEDICATIONS AFTER Yes, you can take OTC pain meds after getting the Covid vaccine, says CDC — plus other tips for dealing with side effects. Covid vaccines come with some side effects, which is a sign that your EVERYTHING YOU NEED TO KNOW ABOUT SECURED CREDIT CARDS The one big difference, in addition to the required security deposit, is the interest rate. Secured cards usually offer all users one variable interest rate, say 24.99%, for example. MARKETS: INDEXES, BONDS, FOREX, KEY COMMODITIES, ETFSU.S.PRE-MKTBUSINESS NEWSCHINAWORLDDJI View up-to-date U.S. market and world market charts. Get the latest on world economy news and global markets in our Market Overview. PREMARKET STOCK TRADING DATA: DOW, S&P, NASDAQ FUTURESMARKETSU.S.COMMODITIESBUSINESS NEWSCL.1WORLD HEAT MAP Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Commodities, currencies and global indexes also shown. THESE ARE THE 2021 CNBC DISRUPTOR 50 COMPANIES While technologies including AI, 5G, cloud computing and the Internet of Things are key to many companies making the 2021 Disruptor 50 list, the sectors they are upending are widespread, from THESE TAXPAYERS WILL GET REFUNDS ON UNEMPLOYMENT BENEFITS The IRS will begin issuing refunds on 2020 unemployment insurance taxes to some taxpayers this week, the agency announced Friday. Therefunds will be
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A LOOK AT BOB IGER’S LEGACY AT DISNEY AS HE STEPS DOWN AS CEO Published Tue, Feb 25 20204:47 PM ESTUpdated Tue, Feb 25 20206:21 PMEST
Sarah Whitten @sarahwhit10Key Points
* Bob Iger is stepping down as CEO of the Walt Disney Company. * Bob Chapek, the company’s head of parks, experiences and products, would be his successor. Iger will assume the role of executive chairman through Dec. 31, 2021. * In the last 15 years, Iger has facilitated one of the most remarkable revitalizations of any iconic American brand.watch now
VIDEO6:2806:28
Disney CEO Bob Iger steps down, and it’s effective immediatelyFast Money
Bob Iger is stepping down as CEO.The media mogul,
who has been at the helm of Disney since 2005 and extended his contract with the company twice during his tenure, said Tuesday that he is leaving his post ahead of his contractexpiring in 2021.
Disney announced that Bob Chapek, the company’s head of parks, experiences and products, would be his successor. Iger will assume the role of executive chairman through Dec. 31, 2021. “With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Iger said in a statement Tuesday. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.” Shares of the company fell less than 2% in aftermarket tradingTuesday.
In the last 15 years, Iger has facilitated one of the most remarkable revitalizations of any iconic American brand. He built up the company through a series of four acquisitions that seeded its parks, consumer products and theaterical releases. In the year that Iger was named CEO, Disney’s net income was $2.5 billion. By last year, net profits jumped more than 300% to $10.4 billion. Similarly, Disney stock has skyrocketed. Shares of Disney are up more than 400% from $25 per share in 2005 to nearly $128 at the close on Tuesday. Iger came to Disney by way of ABC. He began his tenure at ABC in 1974. Over the course of more than two decades, he held positions as the head of ABC Entertainment and president of ABC Network Television Group. As chairman of the ABC Group, Iger oversaw the broadcast television network and station group, cable television properties, the radio and publishing business and helped guide the merger between Capital Cities/ABC and Disney, which was the largest entertainment industry deal ever at the time it was announced in 1995. In 1996, Iger official joined the Walt Disney Co.’s senior management team as chairman of the Disney-owned ABC Group and in 1999 was also named president of Walt Disney International. From 2000 to 2005, he served as president and chief operating officer of Disney. He would become CEO in late 2005. Within his first year as CEO, Iger announced that Disney would acquire Pixar Animation Studios for $7.4 billion. Since Pixar’s first film “Toy Story” debuted in 1995, it has earned more than $14 billion at the global box office. Around $11 billion of that has come after Disney’s acquisition. In 2009, Iger closed on a deal to purchase Marvel for around $4 billion. Since releasing its first Disney-produced Marvel movie in 2012, the company has earned more than $18.2 billion at the global boxoffice
.
Then, there was the $4.05 billion Lucasfilm acquisition in October 2012. Since Disney released its first Star Wars movie in 2015, the franchise has made more than $5.9 billion at the global box office. Then last March, Disney closed on its biggest acquisition yet: a $71 billion deal for 20th Century Fox. Franchises and movies from those four acquisitions helped Disney gross more than $10 billion at the global box office in 2019, representing nearly 40% of the total U.S. box office haul forthe year.
Iger has also pushed for the launch of Disney+, a streaming servicefilled
with original movies and television shows as well as Disney’s slate of classic animated and live-action content. The service already has more than 28 million subscribers as of February, the company said.VIDEO1:5001:50
Timing ‘surprising’ says senior analyst on Bob Iger stepping downClosing Bell
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