In this article GS Apple The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repayment rates at or near record levels, Goldman’s loss rate on credit card loans hit 2.93% in the
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In this article DIS Dan Loeb Justin Solomon | CNBC Activist investor Dan Loeb indicated that he’s going to retreat from his push to get Disney to spin off ESPN, reversing a position he had pushed less than a month ago. In a tweet Sunday morning, the Third Point CEO said he sees the virtue
The main entrance at JPMorgan’s headquarters in New York City. Erik McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block , CNBC has learned. The bank, a major player in the global payments arena, said that
In this article 69-HK IHG-GB HLT AC-FR .SSEC MAR Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data firm Statista to produce rankings of the “Best Hotels for Business Travelers.” A
In this article DIS A masked family walks past Cinderella Castle in the Magic Kingdom, at Walt Disney World in Lake Buena Vista, Fla. Orlando Sentinel | Tribune News Service | Getty Images Disney‘s theme parks are on the rebound after the coronavirus pandemic shut down its domestic and international locations in 2020. Revenue is
[The stream is slated to start at 9:10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday morning in a question-and-answer session at the Cato Institute, a Washington, D.C.-based think tank. related investing news Cathie Wood calls for a significant
In this article ORCL CHWY MSFT CRDO AMBA Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Stocks broke a three-week losing streak on Friday, but uncertainty looms over the horizon as the Federal Reserve prepares for its September meeting. The prospect of a sizable interest rate hike is
Helen Cortez / EyeEm | Getty Images Determining who benefits most from student loan forgiveness — the poor, middle class or wealthy — may sound like a straightforward exercise. But an exact calculation is difficult, according to economists and education experts. Aside from challenges related to the available data, future financial benefits that will accrue
In this article DIS The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Hot on the heels of San Diego Comic Con in July, Disney unveiled more information about its burgeoning Marvel Cinematic Universe
The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better placed to cope compared to previous crises. “The German economy is facing a difficult time ahead of us due to the Ukraine conflict, China, supply chain problems
Brendan Hunt, Jason Sudeikis and Brett Goldstein star in AppleTV+’s “Ted Lasso.” Apple Is this the year of Apple TV+? The streamer’s historic Oscar win for Best Picture was overshadowed by an altercation between actor Will Smith and comedian Chris Rock in March, but big wins at Monday’s Emmys could cement the service as one
In this article COIN Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase is footing the bill for a lawsuit filed against the Treasury Department Thursday by users of the recently sanctioned crypto service,
Flashpop | Stone | Getty Images There’s a surefire way to save money on plane tickets — but those savings may not be worth it for some travelers, depending on their tolerance for certain headaches. The money-saving strategy likely doesn’t come as a surprise: Booking a flight with one or multiple stops is generally less
American Eagle clothing and accessories retailer American Eagle store seen in Tokyo. Budrul Chukrut | SOPA Images | Light Rocket | Getty Images American Eagle this week joined the list of clothing retailers reporting bleak earnings as the industry works to figure out the type of items people want coming out of the pandemic, while
In this article DOCU RH ZS SPCE TSLA NAVI Check out the companies making headlines before the bell. DocuSign — Shares of the electronic signature company surged 16.4% after DocuSign’s quarterly numbers beat Wall Street expectations. DocuSign also shared revenue guidance for the third quarter above expectations and an outlook for the full year that
Like many borrowers, Halid Hamade, 28, is poised to benefit — at least somewhat — from student loan forgiveness. After President Joe Biden announced he will forgive $10,000 in federal education debt and up to $20,000 for recipients of Pell Grants who meet the income threshold, Hamade said he was happy. Still, “it’s not enough,”
In this article QSR-CA QSR CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant. Horacio Villalobos | Corbis News | Getty Images Burger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants as part of a broader strategy
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big
In this article GS AAPL The Apple Card is getting a lot of attention lately. It doesn’t hurt that the credit card can score you a discount on the newest iPhone 14 and other devices purchased directly from Apple. Apple’s new iPhones are available to order starting Friday, and although there was no price hike
Shohei Ohtani #17 of the Los Angeles Angels pitches in the fifth inning against the Houston Astros at Angel Stadium of Anaheim on September 03, 2022 in Anaheim, California. Meg Oliphant | Getty Images The MLB approved several rule changes for the 2023 season that are aimed to speed up the pace of play and