In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations as higher prices helped offset lower demand for its products. The company, which owns household brands like Febreze, Charmin and Tide, also raised its forecast for organic sales growth for fiscal 2023 to
Month: April 2023
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT D3sign | Moment | Getty Images The returns savers stand to get on their money are the highest they’ve been in 15 years, thanks in part to stubborn inflation, which pushed the Federal Reserve into hiking interest rates over the past year. Top-yielding online savings account rates are
Danny Werfel, commissioner of the Internal Revenue Service (IRS), speaks during a Senate Finance Committee hearing in Washington, DC, on Wednesday, April 19, 2023. Al Drago | Bloomberg | Getty Images As tax season winds down, questions remain about the future of free filing options from the IRS — including a possible direct e-file option
Some people shy away from criticism and negative feedback. Not Apple CEO Tim Cook. When Cook took the helm of the tech giant in August 2011, he faced widespread skepticism that he could effectively fill Steve Jobs’ shoes, he recently told GQ. The criticism didn’t stop there — Cook has since faced backlash for his
Volkswagen’s ID.7 is set for release in Europe and China in the fall of 2023, and in North America in 2024. CNBC | Evelyn Cheng BEIJING — German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle targeted at a higher end of the market. The company
In this article ABT Follow your favorite stocksCREATE FREE ACCOUNT The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Shares of Abbott Laboratories popped Wednesday after the company’s earnings and revenue topped Wall Street’s expectations, defying a dramatic slowdown in sales of its Covid-19 tests. The
In this article PARA WBD Follow your favorite stocksCREATE FREE ACCOUNT Stan And Kyle From The Episode “Clubhouses.” Getty Images | Hulton Archive | Getty Images It’s going down in “South Park.” Paramount Global snapped back at Warner Bros. Discovery in a lawsuit over the streaming rights for the comedic cartoon, and is seeking more
Caiaimage/chris Ryan | Istock | Getty Images While U.S. voters are divided on many issues today, there are at least two where they can agree: They want a stronger economy and better education. The good news for policymakers is that there is a simple way to make voters happier on both fronts: They can increase
Some of the nation’s money management giants are tackling the growing concern that more Americans may begin to outlive their retirement savings. Starting in the fall, Fidelity will let plan participants convert some of their retirement savings into an immediate income annuity to provide pension-like payments throughout retirement. Fidelity Investments is the nation’s largest provider of
Sergey Mironov | Moment | Getty Images If you had a surprise tax bill this season or your refund was smaller than expected, it may be a good time to review your paycheck withholdings. The IRS collects taxes throughout the year, typically through paycheck withholdings for W-2 employees or quarterly estimated tax payments for self-employed
In this article WRB PPG KNX CSX Follow your favorite stocksCREATE FREE ACCOUNT A CSX freight train is seen in Orlando. Paul Hennessy | Lightrocket | Getty Images Check out the companies making headlines in extended trading. CSX — The transportation company’s shares were up 2.6% after the company’s first-quarter earnings and revenue topped analysts’ expectations.
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Finnish telecoms giant Nokia on Thursday posted quarterly operating profit that fell short of market expectations. The firm reported operating profit of 479 million euros ($524.94 million) in the first quarter, down from 583 million in the same
In this article F Follow your favorite stocksCREATE FREE ACCOUNT DEARBORN, Mich. — New video footage of a fire involving a Ford F-150 Lightning this year highlights a growing concern around electric vehicles: volatile fires from the batteries that power them. The previously unreleased footage, which CNBC obtained through Michigan’s Freedom of Information Act from
The outlook for newly minted graduates doesn’t look as good as it once did. Employers plan to hire about 4% more new college graduates from this year’s class than they hired from the Class of 2022, according to a report from the National Association of Colleges and Employers. However, that’s down significantly from earlier projections:
So much for cheap tickets selling out first. The priciest tickets to attend Singapore’s Formula One race this year are gone, despite being priced at an all-time high of 11,016 Singapore dollars ($8,260) for a three-day pass. Tickets for the “Paddock Club” entitle ticketholders to air-conditioned suites, unlimited Champagne, food and live performances, plus “exclusive
LONDON – March 31, 2023: A pedestrian shelters from the rain as they walk past fruit and vegetables displayed for sale at a market in stall east London. New data released on Weds, April 19 revealed that food and non-alcoholic beverage prices rose by 19.2% in the year to March 2023, the sharpest annual increase
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported
Demonstrators rally in support of abortion rights at the US Supreme Court in Washington, DC, April 15, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Supreme Court Justice Samuel Alito on Wednesday issued an order allowing the abortion pill mifepristone to remain on the market without restrictions until at least Friday. Alito’s decision punts a
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Sdi Productions | E+ | Getty Images As a pandemic-era policy winds down, millions of people on Medicaid may lose their coverage — even though they remain eligible, advocates say. For the last three years, due to the Families First Coronavirus Response Act, states have been
Japan wants travelers to go beyond the country’s iconic tourist sites — and consider spending their yen in lesser-known locations. The government-backed Japan Tourism Agency selected 11 destinations as part of a “model tourism” project to get “high-value-added” inbound travelers to visit different parts of the country, according to a press release. The 11 destinations
In this article LVS IBM TSLA ZION LRCX WYNN SLG Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicles (EV) line up outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Check out the companies making headlines after the bell. Tesla — Shares slid 3.6% after the electric
Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday.
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT ESPN Mike Windle | ESPN | Getty Images ESPN will begin layoffs early next week as part of parent company Disney‘s cost cutting efforts, according to people familiar with the matter. Cuts will include some on-air talent and management, said the people, who asked not
The U.S. government wastes billions of taxpayer dollars every year. Improper payments, which refer to payments that are made incorrectly by the government, cost the U.S. $247 billion in 2022, according to the Government Accountability Office. The U.S. government has lost almost $2.4 trillion in simple payment errors over the last two decades, by GAO
Hangzhou in China is one of the cities where wealth has grown the fastest in the past decade, a new report says. Zhuzhu | Istock | Getty Images Despite recession concerns and market turbulence, wealth is growing in some parts of the world — and at times, significantly so, according to a new report by
ACCRA, Ghana – Nov. 5, 2022: Ghanaians march during the ‘Ku Me Preko’ demonstration to protest against the soaring cost of living, aggravated since the Russian invasion of Ukraine. Some expressed opposition to the government’s pursuit of IMF assistance. Ernest Ankomah/Getty Images Leaders of several global financial bodies warned that rising interest rates are increasing
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT A view of a United Airlines plane at Barcelona Airport in Barcelona, Spain, on February 27, 2023. Joan Valls | Nurphoto | Getty Images United Airlines reported a loss for the first three months of the year but forecast a profit for the second quarter,
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Lululemon is looking to sell its at-home fitness business Mirror and has approached competitor Hydrow as a potential buyer, CNBC has learned. Multiple parties have
Uwe Krejci | Digitalvision | Getty Images The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as new rules issued by the U.S. Department of the Treasury took effect. However, consumers in the market for an electric passenger vehicle can still access a tax break
Getty Images The federal tax deadline for most Americans is April 18, and there’s still time to file for an extension. But the clock is ticking. As of April 7, the IRS received more than 101 million returns, but the agency expects to receive in excess of 168 million through the end of the
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