Sollina Images | Tetra Images | Getty Images After more than a year of gloomy forecasts for the U.S. economy, some experts have backed off recession predictions and embraced the soft landing targeted by the Federal Reserve. These shifts have sparked conversations among financial advisors and their clients, who may have varying levels of optimism
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A man enters a Bank of America branch in New York. Scott Mlyn | CNBC As if higher mortgage rates weren’t enough, it was harder even to qualify for a mortgage in July than it has been in a decade, according to the Mortgage Bankers Association. Its monthly index measuring credit availability dropped in July
In this article 9984.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Kiyoshi Ota | Bloomberg | Getty Images SoftBank reported a surprise loss in the first quarter covering April-June, despite an investment gain from its massive tech-focused Vision Fund. Here’s how the company did: The
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Eli Lilly on Tuesday raised its full-year guidance as second-quarter profit jumped 85% from the same period a year ago on strong sales from the pharmaceutical giant’s drug pipeline. The company now expects full-year revenue of between $33.4
A general view of the New York Stock Exchange (NYSE) on Wall Street in New York City on May 12, 2023. Angela Weiss | AFP | Getty Images Moody’s cut the credit ratings of a host of small and mid-sized U.S. banks late Monday and placed several Wall Street big names on negative review. The
More than 325 million bottles of champagne were shipped from Champagne in 2022, according to Comité Champagne. Dave Kotinsky | Getty Images Entertainment | Getty Images Champagne has been a hallmark of celebrations and luxury living for centuries. But Europe’s soaring temperatures and increasingly volatile weather are sparking fears that France’s Champagne region could become
Credit cards are one of the most expensive ways to borrow money from month to month, and yet many Americans continue to take on ever-increasing amounts of this debt. On the heels of another rate hike by the Federal Reserve, the average credit card rate is now more than 20% on average, an all-time high, making it
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT The publishing offices of Simon and Schuster in New York. Amy T. Zielinski | Newscast | Universal Images Group | Getty Images Paramount Global agreed to sell book publisher Simon & Schuster to private equity giant KKR for $1.62 billion, the media company said Monday
In this article LCID BYND CE IFF PARA HIMS CHGG Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat’s Cookout Classic value pack Beyond Meat Check out the companies making headlines in after-hours trading. Chegg — Shares soared more than 25% after the educational tech company posted quarterly results. Chegg notched second-quarter revenue of $183 million,
Carlo Prearo | Istock | Getty Images With most college bills for the fall semester due this month, parents and students are likely strategizing how to cover the cost. For some, that may include deciding whether to take out private student loans. As higher education has gotten more expensive, the private student loan market has
This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens of tax policy. Learn more about taxes with TaxEDU. The global tax deal is going mainstream. As Politico puts it, “the technical rules that were once solely the province of tax wonks in D.C. and Paris
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Julio Rodríguez of the MLB’s Seattle Mariners was the American League Rookie of the Year in 2022. Diamond Images | Diamond Images | Getty Images Warner Bros. Discovery has targeted the beginning of the Major League Baseball playoffs to debut a sports tier for its
In this article PYPL CNK PLTR SOVO CPB BRK.A TSLA Follow your favorite stocksCREATE FREE ACCOUNT Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | via Reuters Check out the companies making headlines in midday trading.
In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of PayPal headquarters on February 02, 2023 in San Jose, California. Justin Sullivan | Getty Images PayPal on Monday launched a U.S. dollar-backed stablecoin to help facilitate payments as its latest addition to its suite of crypto services. It’s
The Mega Millions jackpot hit a record $1.55 billion on Aug. 7, 2023. VIEW press | Getty The Mega Millions jackpot has ballooned to an estimated $1.55 billion after months without a winner. One of the many choices the winner will make is whether to take the one-time lump sum or 30 annuitized payments. The
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a “family health matter.” Nikola’s current board chair, former General Motors vice chairman Steve Girsky, will take over as CEO. Lohscheller
The Tomohon Extreme Market was once a top tourist attraction in the Indonesian province of North Sulawesi — a live animal market filled with everything from fileted pythons to skewered bats and rats. But the market drew international condemnation in 2018 after animal activists shot videos of dogs and cats being brutally beaten and blowtorched
Latest Updates Originally published on June 12, 2023, this analysis was updated on July 25th to include additional examples and details on itemizers. See Full Timeline House Republicans have proposed three new tax bills packaged as the American Families and Jobs Act that would temporarily extend certain business provisions from the Tax Cuts and Jobs
There’s no denying automation will eliminate certain jobs in the coming years. But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing opportunity to join the ranks in helping to build and implement the technology. Both humanoid and nonhumanoid robots are set to reduce employment in the
In this article OPEN TUP FTNT Follow your favorite stocksCREATE FREE ACCOUNT An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier |