I share custody with my ex-wife 50/50, but our daughters live with me full time due to her boyfriend’s addiction issues. What happens to the child-tax credit?

‘Will she still be able to use our daughter as a tax deduction? My concern is also with the coming child-tax credit this summer.’

You can now get an annual Sam’s Club membership for under $25

This popular warehouse club usually costs $45 a year to join.

Summers says Fed officials only need to ‘walk outside’ to know they’ve got it wrong on jobs and easy policy

Former Treasury Secretary Larry Summers on Tuesday continued to criticize the Federal Reserve’s easy policy stance, saying it may do real damage to the economy.

‘There’s just not that same social mobility’: First-generation college graduates still lag behind their peers financially

‘Getting a bachelor’s degree — it’s not the great leveler.’

A plant-based vaccine from a GlaxoSmithKline alliance with Medicago shows strong antibody response

Trial participants have 10 times more antibodies in their systems than patients recovering from COVID-19.

Bank of America to boost minimum hour wage to $25 by 2025

Bank of America Corp. said Tuesday that it will raise its minimum hourly wage for U.S. employees to $25 by 2025. The announcement comes a little over a year after the bank raised its U.S. minimum wage to $20 an hour. BofA also said it now requires that all of its U.S. vendors, of which there are more than 2,000 with 43,000 employees, must pay their employees at least $15 an hour. “A core tenet of responsible growth is our commitment to being a great place to work which means investing in the people who serve our clients,” said Chief Human Resources Officer Sheri Bronstein. “That includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent.” BofA’s stock, which rose 0.2% in morning trading, has run up 86.7% over the past 12 months, while the SPDR Financial Select Sector ETF has rallied 71.4% over the past year and the SP 500 has advanced 41.1%.

Bank of America requires all of its U.S. vendors to pay their employees at least $15/hour

Bank of America to raise U.S. minimum wage to $25/hour by 2025

Fidelity’s pitch to America’s teens: no-fee brokerage accounts

Fidelity Investments Inc. plans to open the door to a new generation of investors who will be able to trade stocks even before they learn how to drive or head to college.

Gap will get a near-term boost from back-to-school, tax credits and Kanye, says Credit Suisse

Gap Inc. has a lot to look forward to in the next few months, including the coming back-to-school season, tax credits and the launch of a Kanye West collaboration, according to Credit Suisse, which remains “cautious on the long-term outlook.”

Red Cross calls on wealthier countries to end ‘glaring inequity’ in COVID-19 vaccine access as global case tally nears 164 million

The global tally of confirmed cases of the coronavirus-borne illness COVID-19 headed closer to 164 million on Tuesday, as the Red Cross called on wealthier countries and drug companies to move faster to get vaccines all around the world and end the “glaring inequity” in access.

FDA says data for CytoDyn’s experimental COVID-19 therapy does not demonstrate a clinical benefit

Shares of CytoDyn Inc. were up 0.5% in trading on Tuesday, the day after the Food and Drug Administration issued a statement saying “it has become clear” that the clinical-trial data supplied by the company for its experimental COVID-19 treatment does not “support the clinical benefit of leronlimab.” The drug candidate, leronlimab, is a monoclonal antibody being tested in several trials as a treatment for hospitalized COVID-19 patients or those individuals with mild-to-moderate disease. The regulator does not normally make statements like this, that aim to explain the nuances of how a company conducts its clinical trials and gathers data about investigational therapies. “If CytoDyn plans further studies of leronlimab to determine whether the drug can provide clinical benefit to individuals with COVID-19, FDA will continue to provide advice to the company,” the FDA said. CytoDyn plans to hold an investor call on Tuesday at 4 p.m. ET in response to the FDA statement. CytoDyn’s stock is down 62.3% this year, while the SP 500 is up 10.8%.

Your 401(k) balances aren’t all yours

The IRS has a claim on a chunk

Agiliti started at outperform with $18 stock price target at BMO Capital

JPMorgan Chase puts CEO contenders in charge of consumer operation

JPMorgan Chase Co. is putting two of the contenders to succeed Chief Executive Jamie Dimon in charge of its sprawling consumer-banking operation.

J.P. Morgan names CFO Jennifer Piepszak, CEO of Consumer Lending Marianne Lake as co-heads of CCB

J.P. Morgan Chase co-Pres. and COO Gordon Smith to retire, effective Dec. 31

Scientists now believe Antarctica is headed for a climate-change tipping point by 2060

By 2100, sea level could be rising more than 10 times faster than today without a steep cur in carbon emissions.

Rick Bright wants to wipe out this virus — but it’s going to take better COVID-19 vaccines, distributed to 70% of the world’s population

Rick Bright is no stranger to pandemics. The virologist and immunologist has worked under four presidents.

Fisker stock bounces, after deal to deliver 700 EVs to U.K.-based Onto

Fisker Inc. announced Tuesday an agreement to deliver up to 700 of its electric vehicles (EV) to Onto, the U.K.-based EV subscription service. The announcement comes after Fisker reported late Monday a wider first-quarter loss and forecast a rise in expenses. said it will start delivering its right-hand-drive Ocean SUVs to Onto in the first half of 2023. Onto will be the exclusive partner of Fisker, and will offer the Ocean SUVs on a monthly subscription. Financial details were not disclosed. “We are seeing the rapid growth of innovative companies like Onto that are enabling the transition to electric mobility,” said Fisker Chief Executive Henrik Fisker. “Our partnership with Onto is a significant step in rapidly building our presence in the U.K. electric vehicle market.” Fisker’s stock rose 0.6% in morning trading Tuesday, after being down as much as 3.1% in premarket trading after first-quarter results. The stock has now dropped 37.7% over the past three months, while shares of fellow EV makers Nikola Corp. have shed 33.2% and Tesla Inc. have declined 27.1%. The SP 500 has gained 6.4% over the past three months.

Dow, SP 500 struggle for altitude early Tuesday, even as Walmart shares climb

U.S. stock benchmarks traded flat to lower Tuesday morning, even amid better-than-expected quarterly results from retailers, including Home Depot Inc. [: HD] and Walmart Inc. , with declines in communication services and energy offsetting gains in technology shares. Worries about surging inflation have been weighing on investor sentiment as the economy enters the recovery phase of the COVID pandemic and market participants fret about high valuations of stocks and the threat of the Federal Reserve removing accommodative policies faster than projections imply. The Dow Jones Industrial Average [: DJIA] was declining 0.1% at 34,308, the SP 500 index retreated less than 0.1% at 4,161, while the Nasdaq Composite Index added 0.2% to 13,397. Shares of Dow component Walmart were up nearly 4% after delivering earnings and revenue that topped forecasts and raised its full-year guidance. Home Depot shares, however, were flat to slightly lower.

Dow, SP 500 gain 0.1%; Nasdaq Composite climbs 0.3% early Tuesday

U.S. stocks open modestly higher Tuesday after quarterly results from retail heavyweights WalMart and Home Depot

SP 500 futures up 0.1%; Nasdaq-100 futures 0.3% higher