In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubling ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Month: September 2021
Alaska Airlines Airbus A320-214 arrives at Los Angeles international Airport on September 15, 2020 in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Alaska Airlines will require unvaccinated employees to be tested regularly for Covid-19 but the Seattle-based carrier stopped short of mandating vaccines, a policy it said it was considering last month.
Photo: Image Source | Getty Images When you’re in your 20s, retirement saving may not be the first goal on your financial checklist — if you even have one. Yet starting to save for retirement as early as possible can set you up for success in the long-term. “It’s totally understandable, because it’s tough when
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images SAN JOSE, CALIF. – A jury of seven men and five women will decide
Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. Thomas White | Reuters BEIJING — Chinese authorities are planning to restrict how companies use algorithms to sell products to consumers, a move analysts said likely runs counter to business interests and sets a precedent for other
Shares of Chewy sank in extended trading Wednesday after the online pet retailer’s second-quarter results and third-quarter outlook fell short of Wall Street forecasts. The stock was down more than 11% at one point, before parring some of the losses to trade down roughly 9% at 5:30 p.m. in New York. Chewy saw revenue rise
jayk7 | Moment | Getty Images In the long run, inflation is an investor’s biggest threat. Inflation erodes the purchasing power of money. Even modest inflation at 3% annually halves the value of money in 24 years. So outpacing inflation is the primary goal for long-term investors. Beating inflation was not a problem over the
Passengers wait at the terminal as a plane sits on the tarmac during heavy rain at Newark Airport, as local media reported the remnants of Tropical Storm Ida bringing drenching rain and the threat of flash floods and tornadoes to parts of the northern mid-Atlantic, in Newark, New Jersey, September 1, 2021, in this still
A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020. Erik McGregor | LightRocket | Getty Images New York State lawmakers have voted to extend an eviction
Travel planning usually involves booking a trip to one place at a time. Now a growing number of people are booking two or even three trips over the same travel period in case Covid-related problems ruin their preferred plans. The trend is called “trip stacking,” and it involves booking a more aggressive trip —
In this article CHPT CHWY SIG HRC LE HRL Check out the companies making headlines before the bell: Hormel (HRL) – The food producer reported adjusted quarterly earnings of 39 cents per share, matching forecasts, with revenue coming in above estimates. However, Hormel gave a weaker-than-expected full-year outlook, noting the impact of higher costs, although
In this article AEO A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle on Thursday posted mixed fiscal second-quarter results, as earnings topped analysts’ estimates but sales came up short as its e-commerce business decelerated compared with the prior year. The company,
Charnchai | iStock | Getty Images If you’re among the many workers hoping to find a better position elsewhere, be sure to pay attention to the 401(k) plan account you’re leaving behind. Roughly 55% of workers say they’re going to look for a new job in the next year, according to a recent Bankrate survey.
A woman sorting medicine in the pharmacy of the Yueyang Hospital, part of the Shanghai University of Traditional Chinese Medicine, in Shanghai. JOHANNES EISELE | AFP | Getty Images China’s health-care sector will probably be the next to fall under scrutiny, analysts warn, as the country’s regulators crack down on everything from tech to education
A Social Security Administration office in San Francisco. Getty Images Social Security’s latest report on the status of the trust funds on which it relies to pay benefits has both good and bad news. The good news is that the funds have not been as hard hit by the Covid-19 as was initially feared, due
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images A jury in the Elizabeth Holmes fraud trial is expected
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures were little changed on Wednesday night after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures rose 5 points, or 0.01%. S&P 500 and Nasdaq 100
Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie Watts, who died on Aug. 24, had been the drummer for the Rolling Stones since
In this article LOW HD The American home is undergoing a makeover during the Covid-19 pandemic, and home improvement giant Lowe’s is reaping the benefits from it. Since the start of the pandemic, Lowe’s has five straight quarters of double-digit revenue growth on a quarter-over-quarter basis. The company’s bottom line has also gotten a boost.
vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to a new analysis from the Tax Policy Center that is based on the Federal Reserve’s latest Survey
When I was 25, inspired by the energy and excitement of the New York Stock Exchange after a visit when I was in college, I started my own investing firm, Caffey Investment Group. Prior to launching my business, I worked at my father’s insurance agency for three years and then worked at two other investment
In this article RUN PHIA-NL CRWD AMBA CPB PVH Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer beat top and bottom-line estimates for its latest quarter, earning an adjusted 55 cents per share and beating consensus by 7 cents. It issued a fiscal 2022 adjusted earnings outlook
FatCamera Most workers over age 40 don’t have sufficient retirement savings and aren’t setting aside enough to catch up, according to a survey from the Insured Retirement Institute. Despite the nest egg shortfall, many still expect to retire early and believe they will have ample retirement income. More than half of older Americans have less
People wearing masks wait to cross a road in the Shibuya district on Feb. 2, 2020 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images SINGAPORE — The world may not be prepared for an impending wave of dementia and the additional cases that Covid-19 could bring, according to a group representing
zimmytws | iStock | Getty Images A new report released by the Social Security Administration on Tuesday reveals new estimates of just how much the Covid-19 pandemic has impacted the program’s already ailing trust funds. The results show the funds from which the program pays benefits have been “significantly affected” by both the pandemic and
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images Theranos isn’t exactly a household word, but many of the
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in August. Dow Jones Industrial Average futures rose 45 points, or 0.13%. S&P 500 and Nasdaq
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