In this article BBWI VSCO Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Shares of Victoria’s Secret are tumbling while those of Bath & Body Works are on the rise after the two retailers reported their respective
Month: August 2021
@Sabi32 | Twenty20 One in 3 American families couldn’t handle a mid-sized financial emergency before the pandemic, according to a report from the Stanford Center on Longevity and the Global Financial Literacy Excellence Center. Roughly 27% of American families couldn’t cover an unexpected $2,000 expense within a month, and 33% were struggling to make ends
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release
Vials labelled “COVID-19 Coronavirus Vaccine” and syringe are seen in front of displayed Johnson & Johnson logo in this illustration taken, February 9, 2021. Dado Ruvic | Reuters Johnson & Johnson announced Thursday evening that Joaquin Duato will become the company’s new CEO effective January 3, replacing current chairman and CEO Alex Gorsky. This is
Image Source | Getty Images Many Americans have trouble covering their costs of living with income solely from Social Security. Now, a bill has been reintroduced in Congress aimed at reducing the risk that older Americans, women and people of color will live in poverty despite receiving their monthly checks. The proposal, called the Social
Billionaire venture capitalist Chris Sacca has a message for anyone who will listen: “The climate is f—ed. Even worse than it seems,” he said in a 12-page letter to potential investors, obtained by Axios on Monday. Sacca’s climate-focused firm Lowercarbon Capital announced a new capital raise of $800 million on Thursday, which Sacca said will
Stock futures were little changed Thursday after a choppy regular trading session ended with the S&P 500 slightly in the green. Futures on the S&P 500 were just under the flatline. Dow Jones Industrial Average futures shed 3 points. Nasdaq 100 futures traded at the flatline. The S&P 500 snapped a two-day losing streak in
In this article M Shoppers visit Macy’s flagship store in New York, May 20, 2021. Eduardo Munoz | Reuters Macy’s on Thursday reported fiscal second-quarter profit and revenue that topped analyst estimates, as customers returned to its stores to buy denim, luggage and new dresses. The department store chain also hiked its outlook for 2021,
Although many Americans continue to face financial uncertainty due to the pandemic, the outlook for retirement savers is only improving. Retirement account balances, which took a sharp nosedive in 2020 when the coronavirus outbreak caused economic shock waves, are now at new highs, according to the latest data from Fidelity Investments, the nation’s largest provider
FanDuel app Andrew Harrer | Bloomberg | Getty Images First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting world. Sportradar and betting company FanDuel agreed to new terms that extend their pact to 2028, the parties told CNBC. The Switzerland-based company will continue to
dusanpetkovic | iStock | Getty Images A push to rein in the cost of prescription drugs for Medicare beneficiaries could emerge on Capitol Hill in the coming months. President Joe Biden called on Congress last week to reduce those costs through several means: letting Medicare negotiate with drug manufacturers, generally limiting price increases to the
It’s no secret that Jack Dorsey, CEO of Twitter and Square, loves bitcoin, the largest cryptocurrency by market value. In fact, the bitcoin maximalist has touted it as the most important project in his lifetime to work on, and Square, his digital payments company, bought over $170 million worth of bitcoin earlier this year. Now, the billionaire
In this article BTC.CM= ETH.CM= The logo of cryptocurrency exchange Binance displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images When Canadian cryptocurrency trader Fawaz Ahmed saw the price of ethereum dropping, he knew it was time to get out. Unfortunately for him, he couldn’t. Ahmed was trading on Binance, the world’s
In this article KSS People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Shares of Kohl’s fell more than 3% in premarket trading Thursday despite reporting second-quarter earnings that beat analyst expectations and raising its forecast for
JEFF KOWALSKY | AFP | Getty Images Federal unemployment benefits officially expire on Labor Day — but state administrative rules require that aid to end a few days earlier than some workers may anticipate. All states pay weekly benefits according to a schedule that ends on a Saturday or Sunday. However, the American Rescue Plan
Cathie Wood Source: CNBC Cathie Wood called out Michael Burry on social media after ‘The Big Short’ investor placed a bet against her flagship ARK Innovation exchange-traded fund. “To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he
In this article DIS In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida. Matt Stroshane | Walt Disney World Resort | Getty Images For theme park empires such as Disney,
People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans
John Ewing | Portland Press Herald | Getty Images More than 100 million U.S. households, or 61% of all taxpayers, paid no federal income taxes last year, according to a new report. The pandemic and federal stimulus led to a huge spike in the number of Americans that either owed no federal income tax or
Traders works at the New York Stock Exchange (NYSE), August 4, 2021. Andrew Kelly | Reuters Stock futures were flat in overnight trading on Wednesday after Wall Street suffered a sell-off as meeting minutes showed the Federal Reserve started eyeing tapering before the year-end. Futures on the Dow Jones Industrial Average dipped just 20 points.
Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Robinhood’s revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading, the stock trading app said Wednesday. In its first earnings report as a public
krisanapong detraphiphat | Moment | Getty Images About 1 in 3 of the lowest-income families have a savings account, according to research published Monday by the Consumer Federation of America, a consumer advocacy group. Thirty percent of households in the bottom fifth — those who earn less than about $26,000 a year — owned a
In this article PSTH Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday alleging the blank-check company promised “staggering compensation” to directors and asking that the entity’s special status be revoked. The plaintiffs — former Securities and Exchange Commission commissioner Robert Jackson and Yale law professor John Morley — claim that Pershing Square Tontine
The taper is coming. That much is certain. Recent reporting indicates the Federal Reserve may move ahead as early as September. “It looks like they are probably turning the corner,” said Mike Englund, principal director and chief economist for Action Economics. Three Fed officials all over the U.S. map spoke up in recent weeks about the taper. Dallas
LaylaBird Investors may be cheering the stock market’s performance over the last year and looking to take a profit from their growing portfolios. But, doing so could mean they owe Uncle Sam. The stock market has been on a tear — today’s selloff notwithstanding — since slumping in March 2020 due to coronavirus concerns. On
Arturo and Deborah Keller celebrate after winning the Best of Show award with their 1938 Mercedes-Benz 540K Autobahn Kurier at the 2021 Pebble Beach Concours d’Elegance in Pebble Beach, California, U.S., on Sunday, Aug. 15, 2021. David Paul Morris | Bloomberg | Getty Images The “Super Bowl” of classic car collecting ended with a roar
Chinese President Xi Jinping Aris Messinis | Pool | Reuters BEIJING — Chinese President Xi Jinping emphasized at a finance and economic meeting Tuesday the need to support moderate wealth for all — or the idea of “common prosperity,” which analysts have said is behind the latest regulatory crackdown on tech companies. Significantly, the meeting
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s outpaced earnings estimates on Wednesday, as projects by home professionals helped drive sales in the second quarter. Shares rose more than
In this article ROST GCShutter | E+ | Getty Images The entire cryptocurrency market climbed to more than $2 trillion over the weekend for the first time since mid-May. Bitcoin, one of the more popular digital offerings, also surged to more than $48,000, though it has already lost some of those gains. If you’re like
Spire CEO Peter Platzer rings the opening bell of the New York Stock Exchange (NYSE) during their listing in Manhattan, New York City, U.S., August 17, 2021. Andrew Kelly | Reuters Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the latest space company to
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 12
- Next Page »