Winning ticket for Powerball’s $366.7 million jackpot sold in Vermont. Here’s the tax bite for the winner

If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three weekly drawings with no winner, the lottery game’s top prize was nabbed in Wednesday night’s drawing. The ticket was purchased in Vermont, which marks the first time the jackpot has been won in that state.  Of course, the advertised amount isn’t what the winner will end up with. Whether the prize is taken as an annuity of 30 payments over 29 years…

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For 3-D printing companies, producing in the stock market hasn’t been easy

The University Hospital Trust in Paris acquired 60 FDM 3-D printers from Stratasys in late March 2020 to create an in-house rapid-response supply chain for Covid materials. Stratasys In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. The industry of 3-D printing started with creating trinkets and toys, but it is slowly making its way into mainstream industrial production lines. The full range of what 3-D printing can accomplish ranges from the novelty (pools and cheesecakes) to the vital…

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FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale

Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021. Stefani Reynolds | Bloomberg | Getty Images FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC. The term sheet is almost over the finish line and expected to be signed by the end of the week, according to one source, who asked not to be named because the deal discussions were confidential. FTX will pay…

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Bitcoin falls below $19,000 again as pressure mounts on crypto firms

Bitcoin price remained under pressure in June as a number of factors including rising rates and a liquidity crisis in the crypto industry weighed on the world’s biggest cryptocurrency. Westend61 | Westend61 | Getty Images Bitcoin on Thursday briefly fell below $19,000 as the world’s largest digital currency remains under pressure from macroeconomic worries and a liquidity crisis among high-profile crypto companies. Bitcoin was last trading 4% lower at $19,161.15, according to Coin Metrics. The digital currency is down around 58% this year alone and has fallen more than 70%…

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Housing shortage starts easing as listings surge in June

A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters A historic housing shortage – brought on by the one-two punch of slow construction and strong pandemic-induced demand – is finally starting to ease. Active listings for homes jumped 19% in June, the fastest annual pace since Realtor.com began tracking the metric five years ago. And the number of new listings during the month finally surpassed typical pre-Covid levels, up 4.5% from a year ago. Overall inventory, however, is still about half pre-Covid levels.…

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Apple opens up third-party app payments in Korea, will still take 26% cut

Tim Cook at the Apple launch event, March 8, 2022 Apple Apple said on Thursday that developers with iPhone apps distributed exclusively in the South Korean App Store can request to use third-party payment systems instead of Apple’s in-app offering. But doing so will come at a cost. Apple will require apps that take advantage of the new policy to report all sales to Apple each month and pay a commission of 26% on those sales, according to the company’s documentation. Apple currently collects between 15% and 30% of app…

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Stocks making the biggest moves midday: RH, Carnival, Universal Health Services and more

Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines in midday trading Thursday. RH — Shares of RH fell 10.6% after the high-end furniture chain slashed its full-year outlook and said consumer demand for its products could continue to soften in the back half of 2022. That pulled other home retail stocks down. Wayfair slid 6%, and Williams-Sonoma lost 3.9%. Walgreens Boots Alliance — Shares of the drugstore chain fell 5% despite an earnings beat in…

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Captain Minnie Mouse, ‘Frozen’ and a $5,000 Star Wars cocktail: Disney pins big hopes on new Wish cruise ship

Captain Minnie poses on board Disney’s newest cruise ship The Wish. Disney It’s been a decade since Disney has expanded its cruise fleet. Its newest addition, set to launch in a couple weeks, is a 1,119-foot floating theme park. The Disney Wish is one of more than 30 ships from a variety of leaders in the cruise space expected to debut before the end of 2022, and dozens more are slated to join the seas through 2027. The fifth addition to the company’s fleet of cruise liners, The Wish is…

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FDA backs changing Covid booster shots to target most recent omicron subvariants

There hasn’t been enough research on how much protection a fourth dose can offer, medical professionals told CNBC. Justin Sullivan | Getty Images The Food and Drug Administration on Thursday said vaccine manufacturers should update their Covid-19 booster shots to target the most recent omicron subvariants that are gaining ground in the U.S. Dr. Peter Marks, head of the FDA’s vaccine division, said manufacturers should update their shots to target omicron BA.4 and BA.5 in addition to the original strain of the virus that first emerged in Wuhan, China in…

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