The battle against inflation is not over. As of July, 61% of adults still said they are living paycheck to paycheck, according to a new LendingClub report, slightly more than last year’s 59%. Yet, recent releases show that, at least compared with the soaring inflation of a year ago, consumers who have been squeezed by
Month: August 2023
In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Whenever you’re traveling somewhere by plane, you have to pack, get to the airport, go through security, find your gate and — in the last step before you can finally relax while being taken to your destination —board the aircraft. “Boarding is one of the
Srdjanpav | E+ | Getty Images Interest will start accumulating on student loans again starting Sept. 1, following a pause on interest accrual that has lasted for more than three years during the pandemic era. That imminent policy change puts a spotlight on a key difference between two types of student debt: subsidized and unsubsidized
In this article A4N1-FF Follow your favorite stocksCREATE FREE ACCOUNT The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software. Courtesy: Polestar Swedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks’ iced pumpkin cream chai tea latte. Source: Starbucks In most of the U.S., tree foliage is green and temperatures are warm. But for many restaurants and retailers, fall is already here. Halloween candy and pumpkin spice lattes used to wait until after Labor Day
eclipse_images | E+ | Getty Images So-called junk fees can be tricky. The Consumer Financial Protection Bureau has been scrutinizing some banking fees, including those for overdrafts and non-sufficient funds, that can catch customers by surprise — and are “likely unfair and unlawful,” according to the agency. The consumer watchdog proposed a rule prohibiting financial institutions from charging certain fees on
The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Biden administration announced on Wednesday it would forgive $72 million in student debt for more than 2,300 borrowers who attended Ashford University. The aid will go to students from the online for-profit school based in San Diego,
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle of Omaha” turned 93 Wednesday, his conglomerate is stronger today than it’s ever been. Berkshire shares have roared back to an all-time high on record
Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Bloomberg | Bloomberg | Getty Images What do toothpaste, deodorant, soap, cameras, computers, gasoline, heating oil, jet fuel, car tires, contact lenses and artificial limbs have in common? If oil vanished today, these and
In this article BF.B Follow your favorite stocksCREATE FREE ACCOUNT Jack Daniel’s Tennessee Whiskey Getty Images Jack Daniel’s maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Mark Thompson speaks during the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Mark Thompson is stepping in as the next CEO and chairman of CNN. Parent company Warner Bros. Discovery said Wednesday it appointed Thompson as the next leader
Artistgndphotography | E+ | Getty Images Most Americans see climate change as a major threat. But income level seems to guide one’s willingness or ability to live a greener lifestyle. Fifty-nine percent of high-income consumers always or often choose sustainable products, whereas that’s true for only 44% and 42% of mid- and low-income households, respectively,
Bill Gates has spent years, and billions of dollars, working to combat climate change. The billionaire’s foundation has invested vast sums in various climate tech solutions while regularly raising the alarm about the leading contributors to climate change, like the greenhouse gas emissions stemming from major energy and manufacturing companies burning fossil fuels at prodigious
Joseph M. Hogan is CEO of Align Technology Jin Lee | Bloomberg | Getty Images Check out the companies making headlines before the bell. Align Technology — Shares rose 2.5% in early morning trading after HSBC initiated coverage with a buy rating. The firm cited the Invisalign maker’s strong brand presence and its potential to
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England. John Keeble | Getty Images News | Getty Images Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019. Bloomberg | Getty Images While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. The privately held Danish toymaker saw revenue rise 1% during the first six
Violetastoimenova | E+ | Getty Images After making a big purchase with your credit card, you may log in to see your card balance and notice a new option to segment that purchase out and pay a lower interest rate on it over a fixed amount of time. The offer may sound tempting, given today’s
oatawa | Getty As the U.S. Department of the Treasury and IRS roll out proposed regulations for crypto tax reporting, experts say it’s critical for investors to accurately report and track activity. Stemming from the 2021 federal infrastructure bill, the agencies on Friday unveiled the long-awaited tax reporting proposal for cryptocurrency, non-fungible tokens and other
The US Court of Appeals for the Federal Circuit in Washington, D.C., US, on Wednesday, Aug. 9, 2022. Al Drago | Bloomberg | Getty Images Well, now the SEC is in a real pickle. The U.S. Court of Appeals for the D.C. Circuit sided with Grayscale in a lawsuit against the SEC, greatly improving the
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered its outlook for the rest of the year
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Valerie Macon | Afp | Getty Images LOS ANGELES — Christopher Nolan’s films, from “The Dark Knight” to “Inception,” have been a force at the box office for a solid two decades. But “Oppenheimer,” the director’s R-rated historical drama about the man who spearheaded the
Zeljkosantrac | E+ | Getty Images When it comes to planning for longevity, experts say it helps to envision your future self. A new aging filter trending on TikTok can help make that a reality. While glimpsing a more wrinkled you in the reflection may come as a shock, it’s the steps you take immediately
They say love doesn’t cost a thing. But that certainly isn’t true of weddings. In 2022, couples in the United States spent, on average, nearly $30,000 to get married, according to a report from the wedding website The Knot. But it wasn’t always this way. In the 1950s, the “Complete Guide to Wedding Etiquette” advised
In this article ORCL VZ T BBY Follow your favorite stocksCREATE FREE ACCOUNT Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines before the bell. Oracle — The software
In this article 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago
Kubra Cavus | Istock | Getty Images The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims to make costly medications more affordable for older Americans. President Joe Biden’s Inflation Reduction Act, which passed in a
Drazen Zigic | Istock | Getty Images Navigating the public service loan forgiveness program has been famously difficult. Fortunately, student loan borrowers may find that the process is getting a little easier. The U.S. Department of Education announced this summer that the PSLF application can now be done completely online, including the required signatures by
Terry Vine | Getty Images Higher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance. Currently, “catch-up contributions” allow savers 50 and older to funnel an extra $7,500 into 401(k) plans and other retirement plans beyond the $22,500 employee deferral limit for 2023. A change
Hero Images | Getty Images It’s getting harder to find new, cheap cars, according to auto experts. Consider this: In July, just one car model — the Mitsubishi Mirage — had an average new-vehicle transaction price below $20,000, according to Kelley Blue Book data. By comparison, there were a dozen vehicles that met that pricing
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon (centre), Chief Executive Officer of Goldman Sachs during an event attended by Prime Minister Rishi Sunak at the Business Roundtable during his visit to Washington DC in the US on June 8, 2023 in Washington, DC. Niall Carson | WPA Pool | Getty
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