Consumers are increasingly relying on credit cards to make ends meet, but their credit rating hasn’t suffered. Even as credit card balances for Americans surpassed $1 trillion for the first time ever, the national average credit score rose two points from a year ago to reach a new high of 718, according to a report from FICO, developer
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT DETROIT — The United Auto Workers and General Motors have agreed to a deal that will put an end to collective bargaining talks between the union and Detroit automakers following more than six weeks of targeted U.S. labor strikes, sources told CNBC. GM is the final
In this article PINS Follow your favorite stocksCREATE FREE ACCOUNT A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Spencer Platt | Getty Images Pinterest reported third-quarter earnings on Monday that beat on the top and
Many hotels claim to be eco-friendly. But are they? A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel. “When you have incredible filtered water, and where
State and local pay transparency laws enacted over the last few years have more employers disclosing salary ranges in job descriptions. Yet, wages aren’t growing as expected. The growth of advertised wages for new hires is slowing, according to a report from job posting service ZipRecruiter — and in some cases, it’s reversing, with companies now
In this article CMG MCD Follow your favorite stocksCREATE FREE ACCOUNT Chipotle and McDonald’s fast-food restaurants in Chinatown in Washington, D.C. Jeff Greenberg | Universal Images Group | Getty Images McDonald’s and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state’s minimum wage increase for fast-food workers, executives
Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024. The government published its response to
E+ Despite inflation concerns, most middle-income Americans still aren’t leveraging higher interest rates for savings. That’s according to a new Santander survey of roughly 2,200 middle-earning U.S. adults, conducted in early September. Some 64% of middle-income Americans are earning less than 3% on their primary savings account, the findings show. By comparison, the top 1%
Thomas Barwick When it comes to Social Security, many people have one question: “Will my benefits be there when I retire?” Fears that the program could run out of money tempt some people to claim benefits as early as possible to get back the funds they have paid into the program for their retirement. Meanwhile,
In this article STLA STLAM-IT Follow your favorite stocksCREATE FREE ACCOUNT Lana Payne celebrates on stage as Unifor, Canada’s largest private sector union, announce Lana Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada August 10, 2022. Cole Burston | Reuters DETROIT – After reaching a tentative agreement Saturday
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s restaurant is seen in Belmont, California, on April 3, 2023. Tayfun Coskun | Anadolu Agency | Getty Images McDonald’s is expected to report its third-quarter earnings before the bell Monday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are
Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Profit before tax for the quarter rose by $4.5 billion to $7.7 billion, mainly due to a higher
There are signs that China’s economic stumbles are starting to stabilize. But looking at quarterly numbers and commentary from multinational companies doing business there, the road back for the world’s second-largest economy remains uneven. This paints a fuzzy picture for our stocks that generate lots of revenue in China — Estee Lauder (EL), Starbucks (SBUX) and Wynn Resorts
Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes
In this article WBA CVS Follow your favorite stocksCREATE FREE ACCOUNT A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023. Brian Snyder | Reuters Some pharmacy staff from Walgreens and other drugstore chains are planning to walk out next week in the latest pushback against what they
Mark Cuban may have made his billions as an entrepreneur and investor — but he’s received some of his best advice from athletes. One of his favorite mantras comes from Basketball Hall of Famer Dirk Nowitzki, Cuban told GQ last month: “How you do anything is how you do everything.” It’s powerful, Cuban explained, because
In this article TSLA SLB AMZN NVDA NFLX Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller in this illustration taken Jan. 20, 2022. Dado Ruvic | Reuters As the earnings season rolls on, investors are getting a glimpse into how companies are handling an array of macro
President Joe Biden delivers remarks on new efforts to cancel student loan debt at the White House on Oct. 4, 2023. Kevin Dietsch | Getty Images President Joe Biden’s plans to cancel up to $400 billion in student debt for tens of millions of Americans were foiled over the summer at the Supreme Court. Still,
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters The initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the