Items on sale at a Washington, D.C., supermarket on Jan. 12, 2022. Stefani Reynolds | AFP | Getty Images If surging costs are a concern, you may consider using your tax refund to bypass the purchase limits on I bonds, a nearly risk-free and inflation-protected asset. Annual inflation rose by 7.5% in January, growing at
Month: February 2022
People shop at a Los Angeles retail outlet on Jan. 28, 2022. FREDERIC J. BROWN | AFP | Getty Images High inflation overshadowed a big increase in wages over the past year, amounting to a nearly 2% smaller paycheck for the average worker, according to federal data published Thursday. Employers have raised wages at about
The latest U.S. January inflation data came in like a “punch in the stomach” for the Federal Reserve, which raises the possibility for an aggressive 50 basis points rate hike in March, the global chief economist of Citi Research said. The consumer price index for January, which measures the costs of dozens of everyday consumer
In this article KO A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen. Artur Widak | NurPhoto | Getty Images Coca-Cola is expected to report its fourth-quarter results before the bell on Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 41 cents expected Revenue: $8.96 billion
Note: SpaceX is producing the webcast for this event. [The livestream is slated to begin at 9 p.m. ET. Please refresh the page if the web player above is not visible.] SpaceX CEO Elon Musk is giving an update on Thursday evening about the next-generation rocket Starship, which has moved from the drawing board into
andresr | E+ | Getty Images Almost two years into the Covid-19 pandemic, many small businesses are still struggling. While financial assistance for those impacted by the crisis has ended, some of the hardest hit industries, including gyms, hotels and restaurants, are pushing for more relief. For many, the omicron surge dealt a big blow.
LONDON, UNITED KINGDOM — FEBRUARY 03: The 555.55 Carat Black Diamond known as “The Enigma” is seen at British auction house Sotheby’s, in London, United Kingdom on February 03, 2022. Anadolu Agency | Getty Images LONDON — A billion-year-old black diamond, which is thought to be the largest cut in the world, was bought using
Zhao Changpeng, founder and chief executive officer of Binance, speaks during an interview in Singapore, on Nov. 19, 2021. Wei Leng Tay | Bloomberg | Getty Images Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned. The funds will
In this article TWTR A person in a mask walks by the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Twitter
A recent sharp drop in Connecticut’s Covid hospitalizations allowed the Democratic governor there to feel comfortable dropping the state’s mask mandate, effective later this month. “The most important metric for me is hospitalizations,” Gov. Ned Lamont said Thursday on CNBC’s “Squawk Box.” “We want to make sure our hospitals aren’t overwhelmed, they’re down, we got
FatCamera If you’re hoping to generate income from your investment portfolio, closed-end funds could be one piece of the puzzle. These funds come with more risk than, say, U.S. Treasurys, yet also can provide decent yields that may have a place in the fixed-income portion of your investment portfolio. And sometimes, they give you a
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler kicked off an ambitious regulatory agenda this year – and his agency is pushing forward
sturti The Covid-19 pandemic has made it difficult for people to answer big questions about their futures, and many financial planners are underestimating the financial anxiety that is causing, according to a survey. A majority of financial planning clients — 71% — report experiencing financial anxiety at least half of the time, according to researchers
In this article 9984.T-JP The current interest rate environment could favor Japanese conglomerate SoftBank Group’s strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, according to CLSA’s Oliver Matthew. With prices of potential acquisitions now coming down as investors brace for higher rates, Matthew told CNBC’s “Squawk Box
In this article DIS Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for its fiscal first
Another day — another border reopens. In the past two weeks, a slew of countries announced plans to reopen or relax border restrictions. This includes places that have maintained some of the strictest pandemic-related border controls in the world. The announcements come on the heels of a record-setting period of global infections. According to
Dean Mitchell | E+ | Getty Images Most people don’t know the first thing about the Secure Act and yet it has great impact on their retirement planning. With little fanfare, the Secure Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law on Dec. 20, 2019. It’s an important piece of
Portra | DigitalVision | Getty Images If you’re eager to slash your tax bill, two popular methods are claiming credits and deductions on your return. While both can reduce your balance, these write-offs have key differences, which ultimately affect your bottom line. Credits lessen your liability on a dollar-for-dollar basis, whereas deductions reduce income subject
A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX Elon Musk’s SpaceX expects to lose nearly an entire launch’s worth of Starlink satellites after a storm created by the sun struck the Earth’s atmosphere. The company launched 49 Starlink satellites with a Falcon 9 rocket on Feb. 3.
In this article CVS ENPH CMG LYFT Customers shop at the CVS Pharmacy, on Morrissey Boulevard, in Dorchester, on April 2, 2020. Some pharmacy workers worry about unsafe conditions at their stores. Pat Greenhouse | Boston Globe | Getty Images Check out the companies making headlines in midday trading. CVS Health — Shares of the
In this article YUM Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand. Brent Lewin | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of
Source: Tonal Tonal, known for its $2,995 at-home gym, is using a Super Bowl ad to make a point to women that they can use strength training equipment just like men. A new campaign starring tennis champion Serena Williams, who was also an early Tonal investor, aims to debunk the idea that women will get
Zoom In IconArrows pointing outwards If you’re one of the millions of Americans who own cryptocurrency, there’s a key question to answer this tax season. Over the past couple of years, the IRS has stepped up crypto reporting with a yes-or-no question about “virtual currency” on the front page of your tax return. The question
The White House is exploring ways to forgive federal student loan debt. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Under pressure from Democrats, advocates and borrowers, the White House is looking at actions it might be able to take to forgive federal student debt. The country’s outstanding federal student loan balance exceeds $1.7
Peloton’s new CEO is joining the fitness company at a difficult time. Exercise bike sales are slowing, stock price is declining and takeover rumors are swirling. On Tuesday, the company announced plans to cut 20% of its corporate positions. But new chief executive Barry McCarthy has a history of helping transform companies. McCarthy, 68, is
Traders on the floor of the NYSE, Feb. 4, 2022. Source: NYSE U.S. stock futures rose slightly in overnight trading on Tuesday as investors prepare for another round of corporate earnings. Dow futures rose about 50 points. S&P 500 futures gained 0.2% and Nasdaq 100 futures rose 0.2%. Chipotle rose more than 7% in after-hours
In this article CMG A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by
In this article EPC Edgewell Personal Care CEO Rod Little told CNBC on Tuesday he expects demand for the company’s care and grooming products to increase in the coming months, as the intensity of the coronavirus pandemic wanes. “I would guess by the time we get to late spring, summer in our categories, you’re going
Getty Images Are you expecting a tax bill for selling stocks or crypto in 2021? You may qualify for the 0% long-term capital gains rate, depending on taxable income, according to financial experts. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income, which are your
Alistair Berg | DigitalVision | Getty Images Working from home — or any location away from the office — can come with some benefits. A simplified tax situation may not be one of them. If you worked remotely in 2021, it’s worth making sure you understand your state tax obligations this tax-filing season. Depending on
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