In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Cristiano Amon, president and CEO of Qualcomm Incorporated, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York, April 28, 2022. Brendan McDermid | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat expectations for sales
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The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s rate-setting group unanimously agreed to hold the key federal funds rate in a target range between
Eric Audras | PhotoAlto Agency RF Collections | Getty Images Series I bonds are now paying 5.27% annual interest through April 2024, up from the 4.3% yearly rate offered since May — and experts have tips for short- and long-term investors. While the new rate is down significantly from the record 9.62% offered in May 2022, investors can
Peshkova | Istock | Getty Images Fixed-income investing is entering an exciting new era, and investors should take notice. Decades of low interest rates, engineered by global central banks, have suppressed the bond market’s ability to generate attractive and reliable returns. But in recent quarters, we have witnessed a dramatic shift higher in interest rates,
Andresr | E+ | Getty Images The IRS has announced new 2024 investor contribution limits for 401(k) plans, individual retirement accounts and other retirement accounts. The employee contribution limit for 401(k) plans is increasing to $23,000 in 2024, up from $22,500 in 2023, and catch-up contributions for savers age 50 and older will remain unchanged
The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. Even so, consumers likely will get no relief from current sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25% to 5.5%, the
In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022. Brendan Smialowski | AFP | Getty Images CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street’s expectations, lifted in part by strong revenue from the company’s health
In this article W Follow your favorite stocksCREATE FREE ACCOUNT Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home market continues to be under pressure. Here’s how the online furniture
Stanley Druckenmiller, Duquesne Family Office, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past years, mistakes that will ultimately lead to some tough choices in the future like cutting Social Security. “We are
Aston Martin DBS Superleggera (c) Paul A. Eisenstein | TheDetroitBureau Aston Martin shares plunged more than 16% on Wednesday morning after the British luxury carmaker cut its volume target due to production problems for its new DB12 sports model and posted a bigger-than-expected quarterly loss. This is a breaking news story and will be updated
Jewel Inostroza was very excited when she bought her home in Newnan, Georgia, in 2008. “It seemed like it was a very nice, cozy, close-knit community,” said the 54-year-old. “Then it started turning into a horror story.” Inostroza is the only one listed on the deed, but she and her husband Enrique, 48, share financial
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Cosm’s shared reality dome concept for viewing live sports broadcasts. Courtesy: Cosm Venues Warner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make “shared reality” a reality for sports fans. Cosm plans to open two venues —
In this article AMD Follow your favorite stocksCREATE FREE ACCOUNT AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images AMD reported third-quarter earnings on Tuesday that beat analyst expectations, though the
Daniel Gonzalez | Moment | Getty Images Working longer is among the best ways to ensure you don’t outlive your retirement savings. The problem is, you can’t count on it as a strategy. When it comes to retirement age, there’s a big gap in expectations versus reality. Americans generally retire earlier than planned — often
Fanatic Studio | Collection Mix: Subjects | Getty Images As Jasper Chan ambled down the grounds of Thailand’s Wat Arun temple in the capital of Bangkok, his attention was hardly on the famed ornate mosaics adorning the temple’s structures. Instead, just as he was about to step through the doorway to tranquility, the 30-year-old legal
High inflation and higher interest rates continue to weigh on American households. As of September, 62% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. “Living paycheck to paycheck remains the main financial lifestyle among U.S. consumers,” the report said. More from
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters BEIJING — China signaled support for property developers and resolving
TCJA Strongly Boosted Corporate Investment, Study Finds Skip to content Home • Blog • New Study Finds TCJA Strongly Boosted Corporate Investment The 2017 Tax Cuts and Jobs Act (TCJA)The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. It was pro-growth reform, significantly lowering marginal
In this article ABI-BE Follow your favorite stocksCREATE FREE ACCOUNT Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S. The brewing giant revealed part of its plan to revitalize
In this article ABI-BE Follow your favorite stocksCREATE FREE ACCOUNT Bud Light, made by Anheuser-Busch. Joe Raedle | Getty Images Anheuser-Busch InBev, the world’s biggest brewing firm, on Tuesday beat expectations for the third quarter, despite an ongoing drag from controversy surrounding its online Bud Light campaign. Revenue rose 5% over the period to $15.57 billion,