Jbyard | Istock | Getty Images President Joe Biden made no mention of student loan forgiveness at his State of the Union address on Tuesday. Yet a spokesman for the administration says cancellation remains on the table. White House Chief of Staff Ron Klain said a decision on whether to forgive student debt through executive
Month: March 2022
In this article MSCI Traders work on the floor of the New York Stock Exchangeon March 04, 2022 in New York City. Spencer Platt | Getty Images Exchange traded funds that track Russian stocks fell dramatically this week and face an uncertain future as the war in Ukraine has led to Russia being increasingly isolated
Cabania | iStock | Getty Images Plus Despite ongoing challenges, the IRS has sent nearly 30 million tax refunds, worth about $103.2 billion, the agency reported Friday. While 29% of Americans worry about a smaller refund, according to a Bankrate survey, the average is currently $3,473 through Feb. 25, which is $658 larger than last
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driven gas prices over $4-per-gallon in many parts of the country. Scott Olson | Getty Images Gas prices are surging, with the national average
In this article BBY Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and
In this article T Robert Pattinson stars in “The Batman.” Warner Bros. Warner Bros.’ “The Batman” has secured $21.6 million in Thursday previews and is on pace for domestic debut north of $100 million. Matt Reeves’ take on the Dark Knight has earned overwhelmingly positive reviews from critics and is one of the most anticipated
Morsa Images | DigitalVision | Getty Images Today’s teens are thinking differently about their future employment, and many have decided they don’t want to work for anyone else. About 60% of teenagers are more interested in someday starting their own business instead of working a traditional job, according to a March 1 survey from Junior
(Click here to subscribe to the Delivering Alpha newsletter.) Software has been one of the worst-performing sectors this year amid a rising rate environment and geopolitical tensions overseas. This comes as no shock to Orlando Bravo who helms tech-focused private equity firm Thoma Bravo. He says the mantra of ‘growth at all costs’ is over and that
Italy is home to some of the world’s most famous cities, art, wine and beaches. Think Florence, Rome and Venice with their abundant Renaissance architecture and well-known galleries, Tuscany with its globally-renowned vineyards and the glamorous Amalfi coast with its see-and-be-seen vibe. While these places are an obvious draw for travelers, Italians themselves prefer to
An employee brings a television to a customer’s car at a Best Buy store in Orlando, Florida. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Best Buy — The retail stock jumped 8% after the company announced it was raising its quarterly dividend by 26%. The move
In this article SG A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses but strong fourth-quarter sales growth and promising performance at its restaurants in its first quarterly report since its initial public offering. The salad chain also issued a strong sales outlook for 2022, although it
The Samsung Galaxy Fold 5G phone is presented at the hall of Samsung at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. Hannibal Hanschke | Reuters BARCELONA – The vast majority of new smartphones on display at this year’s Mobile World Congress — an event that tech giants use to showcase their
Pascal Broze | Getty Images One of the pain points of early retirement is limited access to your nest egg before age 59½ without incurring a 10% penalty. While a new IRS rule makes it easier to tap more penalty-free money, you still need to weigh your options, financial experts say. Generally, early pre-tax 401(k)
Whyframestudio | Istock | Getty Images Anyone who has felt burdened by medical debt may be familiar with that initial bout of panic when a big bill arrives. What may be worse, though, is what can happen to your long-term financial picture if you disregard it. Generally speaking, that debt can end up haunting you.
Billionaire Warren Buffett says he drinks five Cokes a day. Bloomberg | Getty Images Warren Buffett’s recent success from his massive Apple bet is spurring comparisons with the legend’s greatest investment of all time — Coca-Cola. Berkshire Hathaway began buying Apple’s stock in 2016 and amassed a 5% ownership of the iPhone maker by mid-2018 with
Russian billionaire and businessman Alisher Usmanov arrives to the openings of new monument to former Russian Prime Minister Yegeny Primakov at Smolenskaya Square inin Central Moscow, Russia, October,29,2019. Politician and diplomat Yegeny Primakov died in 2015. Mikhail Svetlov | Getty Images Russia’s top billionaires have lost over $80 billion in wealth in recent weeks, with
A taxi driver refuels a vehicle at a Gulf gas station in Boston on Mar. 1, 2022. Vanessa Leroy/Bloomberg via Getty Images The economic effects of Russia’s invasion of Ukraine a week ago have reverberated around the globe — leaving many households to wonder how the conflict might hit their wallet. The short answer: Prices
In this article GPS Sale signs are on display in the windows of a Gap retail location. Scott Mlyn | CNBC Gap Inc. shares climbed in after-hours trading Thursday after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges. Supply chain snarls still remain
Portrait of American fantasy author Brandon Sanderson taken on June 3, 2011. Sfx Magazine | Future | Getty Images Brandon Sanderson asked folks on Kickstarter for $1 million to self-publish four novels he wrote during the pandemic. They funded him in 35 minutes. Two days later, Sanderson’s campaign has topped $19 million from more than
andresr | E+ | Getty Images A recently introduced bill in Congress has its sights set on preventing a cost that some new Medicare beneficiaries face: late-enrollment penalties. The bipartisan measure, introduced in the Senate, would require the federal government to provide individuals with information about Medicare enrollment rules before they reach the Medicare-eligible age
FatCamera | E+ | Getty Images President Joe Biden apparently hasn’t given up on a proposal aimed at reducing prescription drug prices, especially for retirees. In his State of the Union address Tuesday night, Biden called for capping insulin prices at $35 a month for all Americans, as well as allowing Medicare to negotiate prices
U.S. stock index futures were modestly lower during overnight trading Wednesday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average declined 28 points. S&P 500 futures shed 0.11%, while Nasdaq 100 futures dipped 0.2%. During regular trading on Wednesday the
In this article VSCO Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret seesawed in after-hour hours trading Wednesday after the lingerie retailer issued a downbeat outlook for the coming quarter, cautioning that it still sees challenges ahead – including inflation
Block co-founder Jim McKelvey. CNBC | NBC Universal | Getty Images BARCELONA — In 2014, Amazon launched a product that sounded strikingly similar to something already on offer from Twitter co-founder Jack Dorsey’s payments company Square, which is today known as Block. It was called Amazon Register, and it would let small businesses accept credit
Getty Images If you’re one of the millions of Americans who gave to charity in 2021, you can still claim a write-off on this year’s tax return. There’s a deduction for cash gifts up to $300 for single filers and couples filing jointly may score up to $600, according to the IRS. And it’s easier
Brothers91 | E+ | Getty Images President Joe Biden called for passing a new federal paid family and medical leave policy in his State of the Union Address Tuesday night. However, the timing of when such a law could be put in place is still up in the air. The policy is part of Democrats’
Traders on the floor of the NYSE, Feb. 25, 2022. Source: NYSE The VanEck Russia ETF fell 25% in premarket trading Monday as the conflict in Ukraine generated new U.S. sanctions against Russia. On Monday, the Biden administration announced additional sanctions against Russia’s central bank that would effectively prohibit Americans from doing business with the bank and
If you’re in the market for a new car, one of the biggest decisions you’ll need to make is whether to lease or buy. Though there are a number of factors to weigh when making your choice, Kevin O’Leary, O’Shares ETFs chairman and judge on CNBC’s “Money Court,” says the first thing you should consider
In this article DKNG FSLR F CRM JWN Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom — Shares of the department store rallied a whopping 39% after the company reported better-than-expected profits and sales for the holiday quarter. The
In this article SNOW CEO of Snowflake Frank Slootman arrives at the Allen & Company Sun Valley Conference on July 6, 2021, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company showed the slowest