Key Democrat outlines 5 priorities for $80 billion in IRS funding

Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., has outlined five priorities for the nearly $80 billion in IRS funding enacted in August through the Inflation Reduction Act.  Wyden shared expectations for…

Stocks making the biggest moves midday: Tesla, Enphase Energy, Exxon Mobil and more

In this article GS CCL TWTR ENPH Follow your favorite stocksCREATE FREE ACCOUNT A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Wednesday. Tesla, Twitter — Shares of Tesla fell 5.5% after a Tuesday filing confirmed that…

SpaceX launches Crew-5 mission for NASA, carrying astronauts to space station

The Crew-5 mission launches on Oct. 5, 2022. NASA TV SpaceX launched four people to the International Space Station from Florida on Wednesday, as Elon Musk’s company keeps up a steady pace of crewed missions. Known as Crew-5, the mission for NASA will bring the group up to the ISS for a six-month stay in…

Self-made millionaire who retired early: ‘Do these 5 things now or you’ll regret it later in life’

In 2016, at 35 years old, I retired early with a net worth of $900,000. It wasn’t until 2021 that I achieved my goal of becoming a self-made millionaire, with a net worth of $1.4 million. Now, at 41, I live a happy, simple and frugal life with my wife in Arizona. From the outside, it might…

This is the best time to apply for college financial aid — here’s why you should file the FAFSA now

Ariel Skelley | Digitalvision | Getty Images Applications for financial aid are now available for the upcoming academic year. Although the Free Application for Federal Student Aid for 2023-24 isn’t due until June 30, 2024, it’s wise to apply as soon as you can. For a growing number of families, financial aid is key when…

Biden’s student loan forgiveness plan could cost $379 billion over 30 years, Education Department estimates

Demonstrator Gan Golan of Los Angeles at Occupy DC activities in Washington, D.C. Jacquelyn Martin President Joe Biden’s order to cancel student loan debt for millions of Americans could cost an average of $30 billion per year over the next decade, according to Biden administration estimates. The 10-year cost will be roughly $305 billion, as measured by…

The EU’s Windfall Profits Tax: How “Tax Fairness” Got in the Way of Energy Security

On 30 September, the Council of the European Union agreed to impose an EU-wide windfall profits tax on fossil fuel companies to fund relief for households and businesses facing high energy prices (due primarily to Putin’s war on Ukraine). Given the dire economic environment for families and the urgency to transition away from Russian energy,…

Stocks making the biggest moves premarket: Rivian, Credit Suisse, Poshmark and more

In this article CS DPZ RIVN Follow your favorite stocksCREATE FREE ACCOUNT R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Check out the companies making headlines in premarket trading…

Spacecraft builder York sells stake to private equity firm AEI at over $1 billion valuation

One of the company’s spacecraft in orbit. York Space Spacecraft manufacturer York Space Systems is selling a majority stake in the company to private equity firm AE Industrial Partners at an enterprise valuation of $1.125 billion, CNBC has learned. The deal, announced on Tuesday, makes York the latest space unicorn — a company valued at…

Dubai, Tel Aviv and beyond: CNBC names the best hotels for business travel in the Middle East

In this article HLT H MAR Follow your favorite stocksCREATE FREE ACCOUNT Preparing for a business trip to the Middle East? CNBC has made it easy to find the best hotel for the trip. CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in the Middle…

CNBC’s No. 1 financial advisor shares his top 3 stock picks

Investors are rightfully worried about volatility. After stocks slumped in September, markets have had a strong start to the month and are now on track to notch the biggest two-day rally since March 2020. The key to navigating the recent ups and downs is “buying high quality stocks that pay dividends that tend to be a…