Dubai’s Emirates airline in August announced an investment of over $2 billion to improve its inflight customer experience, including cabin interior upgrades and new menus — with unlimited caviar. The world’s biggest long-haul carrier will be retrofitting over 120 aircraft with new interiors, as well as dishing up menus with new vegan options and cinema
Month: August 2022
Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that Amazon.com (AMZN) will announce an offer today to buy EA. Gap (GPS) – Gap rallied 6% in premarket trading after the clothing retailer reported an unexpected
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC In the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash. Established automakers and startups alike are rolling out new battery-powered models in an
AntonioGuillem | Getty Images It’s something more than 40 million Americans have in common: They hold federal student loans. But the lending system is famously complicated, and these loans come with various names and terms depending on when they were taken out and for what purpose. What are usually just technical differences could now determine
Ekaterina Goncharova | Moment | Getty Images The IRS on Wednesday announced it will waive penalties for many Americans who late-filed tax returns during the pandemic. Nearly 1.6 million filers will automatically receive a collective $1.2 billion-plus in penalty refunds or credits, according to the federal agency, with many payments expected to come by the
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our
Brian Snyder | Reuters The Federal Reserve chair Jerome Powell said on Friday there will be “pain” to come in the economy as a result of the central bank’s battle with inflation, and right now, small businesses are experiencing that pain on both sides of the fight. Inflation has been the No. 1 concern of
In this article TREE Mark Hunt | Disabilityimages | Getty Images Owning a home is one of the key ways to build wealth. But for aspiring Black homeowners, that can be a difficult milestone to reach, according to a new report from LendingTree. Research from the online loan market company finds the mortgage denial rate
JGI/Jamie Grill If you’re one of the millions of Americans with student loans, President Joe Biden‘s forgiveness plan may be welcome relief. However, there are some key things to know about the income limits, experts say. Biden will cancel $10,000 for most borrowers or up to $20,000 for Pell Grant recipients, limited to those making
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022. “We shouldn’t be panicked about the level of household
In this article CMG A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images A Chipotle Mexican Grill restaurant in Lansing, Michigan, became the chain’s first location to vote to unionize. Workers at the store voted 11 to three
Cyano66 | Istock | Getty Images With much fanfare, President Joe Biden has signed into law the Inflation Reduction Act. Historians may one day say this legislation did more to complicate an already too complicated tax code than any tax bill in the past 50 years. It is now up to the Internal Revenue Service
kate_sept2004 | E+ | Getty Images The youngest workers entering the workforce — Gen Z, who range in age from 10 to 25 — showed dramatic adoption of individual retirement accounts, according to second quarter data released by Fidelity Investments this week. Fidelity IRAs owned by that generation increased 87% over the second quarter of
Getty Images President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may still trigger a state tax bill. Most borrowers making less than $125,000 per year or $250,000 for married couples filing together will qualify
In this article SGEN PTON FTCH AFRM Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada. Ben Nelms | Bloomberg | Getty Images Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia,
In this article F Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021. Yilei Sun | Reuters DETROIT – Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks
Student loan borrowers stage an Aug 25, 2022 rally in front of the White House to celebrate President Joe Biden canceling some federal student debt. Paul Morigi | Getty Images Entertainment | Getty Images As tens of millions of Americans process the news of federal student loan forgiveness, countless questions are emerging about how it
Oscar Wong | Moment | Getty Images Most investors think of exchange-traded funds as a simple way to buy a diversified basket of individual stocks tracking an index or with exposure to a particular theme. But now there are also so-called single-stock ETFs, allowing leveraged bets on individual stocks. However, regulators and advisors warn these
Randi Zuckerberg says she’s a “big proponent of the real world” — especially when it comes to protecting children from technology. Speaking at the Credit Suisse Global Supertrends Conference in Singapore earlier this month, Randi Zuckerberg, who is founder and CEO of Zuckerberg Media, discussed worries among many that the metaverse will take children further
President Biden this week announced a long-awaited plan to forgive student debt for millions of borrowers — and criminals will likely leverage the news to steal from unsuspecting victims, the Federal Trade Commission warned on Friday. “Nobody can get you in early, help you jump the line or guarantee eligibility,” said a consumer alert issued
In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Shares of the cloud data platform provider Snowflake popped more than 17% in extended trading on Wednesday after the company released second-quarter earnings that beat analysts’ revenue expectations. Here’s how the company did: EPS: Loss
‘House of the Dragon’ series logo displayed on a phone screen and HBO Max website are seen in this illustration photo taken on August 16, 2022. Jakub Porzycki | Nurphoto | Getty Images “Game of Thrones” prequel series “House of the Dragon” has been renewed for a second season, HBO said Friday. The announcement comes
Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Leynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy announced Wednesday to its broader push for a national $15-an-hour minimum wage. The White House detailed a long-awaited plan to forgive up
Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June, marking the sixth straight month of a decline
In this article EXPE BKNG Many travelers try to save money by searching the internet for cheaper hotel rates. But a new study suggests it may not be worth the time — at least in some places. The travel insurance comparison site InsureMyTrip compared rates for 950 hotels in 19 global cities on three popular
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Affirm — The buy-now-pay-later darling’s shares slid nearly 14% after hours when it reported a bigger-than-expected quarterly loss of 65 cents per share, according to Refinitiv. It also issued
In this article GPS An employee hands a customer a shopping bag at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy
In this article BBBY Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond said Thursday that it will soon share its turnaround strategy, as it burns through cash and tries
Borrowers who continued repaying their student loans during the payment pause have a unique opportunity to get a refund — and potentially, boost their forgiveness eligibility in the process. In addition to President Joe Biden’s student loan debt relief plan, the payment pause on federal student loans was extended once again through Dec. 31. In an announcement
Hunter Jarratt was a frequent buyer of Quaker’s apple oats bars — until he realized the size of his favorite snack has decreased in size, even though the packaging looks the same. Hunter Jarratt Hunter Jarratt was a frequent buyer of Quaker’s apple oats bars — until he realized the size of his favorite snack
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