The proposed merger between the PGA Tour and its Saudi-funded rival LIV Golf stunned everyone from golfers to Wall Street bankers this week – leaving many with questions about what the merger could mean. The deal was announced following months of feuding and antitrust lawsuits between the two leagues. The agreement would end all pending
Gabby Jones | Bloomberg | Getty Images Check out the companies making the biggest moves midday. Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Affirm’s Adaptive Checkout, which offers customers pay-over-time plans, will now be a payment option through merchants offering Amazon Pay. related investing
Presidential candidate and Florida Gov. Ron DeSantis speaks to a crowd in Gilbert, South Carolina, June 2, 2023. Sean Rayford | Getty Images Florida Gov. Ron DeSantis is the favorite Republican candidate among millionaires, although their support for former President Donald Trump is growing, according to the CNBC Millionaire Survey. Only 32% of millionaire Republicans
Investing in the market is what allows many people to achieve their biggest goals, like purchasing a house, sending their child to college and being able to retire. Yet some people put their money into stocks before they’re ready, warns certified financial planner Douglas Boneparth. To achieve the benefits of long-term investing, Boneparth said, you
When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with
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Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN Chris Licht is out at CNN after leading the news network for a little more than a year, according to a person familiar with the matter. The chief executive’s departure comes as he faced a rebellion among CNN’s talent and staff. His tenure was riddled
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab shares rose 33% on Tuesday, after the provider of code-deployment software reported a narrower loss than analysts expected and bumped up its full-year forecast. The stock was headed for its best
In this article PETR’-BR GME NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in premarket trading. Tesla — Shares of the electric vehicle maker added more than 3%
Donald Gruener | iStock | Getty Images LAS VEGAS — Tax savings aren’t typically the main reason for philanthropy. But if you’re planning to donate money, certain charitable giving strategies provide a bigger tax benefit. Since the Tax Cuts and Jobs Act of 2017, there’s been a higher standard deduction, which makes it harder to claim
Getty Images This spring, millionaires felt relatively pessimistic about the economy and identified several perceived threats to personal wealth, according to CNBC’s latest millionaire survey. Millionaires believe the biggest current threat to their wealth is the stock market, with 60% expecting the S&P 500 will be down or relatively flat by the end of 2023.
Fatcamera | E+ | Getty Images Cryptocurrency is the most prevalent investment held by Gen Z investors, a trend likely fueled by the cohort growing up during an age marked by technological change, social media and easier access to investing, according to a new joint report from the CFA Institute and Financial Industry Regulatory Authority’s
A sign is posted in front of a home for sale on May 11, 2023 in San Francisco, California. Justin Sullivan | Getty Images Mortgage rates fell back from their recent highs, but demand fell for the fourth straight week. Total mortgage application volume dropped 1.4% last week, compared with the previous week, according to
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In this article MRK Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | NurPhoto | Getty Images Global drugmaker Merck on Tuesday sued the Biden administration over Medicare‘s new powers to substantially reduce drug prices for seniors under the Inflation Reduction Act, the opening salvo in the pharmaceutical industry’s efforts to weaken the program. In
Silicon Valley Bank UK will continue to serve startup businesses from “seed funding to IPO,” the chief executive of its new owner, HSBC UK, said Tuesday. “We’re going to protect what we’ve got,” Ian Stuart told CNBC’s Arjun Kharpal at the Money20/20 fintech conference in Amsterdam. “We are going to keep it ringfenced within our
In this article SNAP Follow your favorite stocksCREATE FREE ACCOUNT Tomml | E+ | Getty Images A new deal to lift the nation’s debt ceiling includes fresh work reporting requirements for 50-something adults who receive Supplemental Nutrition Assistance Program, or SNAP, benefits. The change could result in almost 750,000 adults ages 50 to 54 losing
Unfinished buildings, abandoned part way through construction, in Wuxi, China, on Tuesday, May 16, 2023. China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images
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