In this article UAA MAR UA NKE LULU Follow your favorite stocksCREATE FREE ACCOUNT Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the company hopes will grow its digital business. Linnartz, who has been with
FTX co-founder Sam Bankman-Fried is escorted by corrections officers to the Magistrate’s Court on December 21, 2022 in Nassau, Bahamas. Joe Raedle | Getty Images Sam Bankman-Fried is flying Wednesday night to New York, according to the office of the attorney general of the Bahamas, where he is later expected to be arraigned in U.S.
People traveling abroad this Christmas may not find their favorite holiday food on the menu. That’s because traditional holiday fare varies around the world. To see who’s eating what this weekend, the culinary website Chef’s Pencil created a map showing what it says are the most popular Christmas dishes around the world. Where turkey is
Olelole | E+ | Getty Images As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. If it passes, that would be the largest jump for the grant in more than a decade.
Lane Turner | The Boston Globe | Getty Images Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units housing analysts had predicted, and it was a much deeper fall
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
In this article CTAS BB SIX FDX RAD NKE CCL Follow your favorite stocksCREATE FREE ACCOUNT Vehicles sit parked outside of a Rite Aid Corp. store Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after
Bob Pisani’s book “Shut Up & Keep Talking” CNBC (Below is an excerpt from Bob Pisani’s new book “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.”) Most people like to think that they’re rational. But — at least when it comes to investing —
wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses
Key Findings Cost recovery refers to how businesses deduct their investments over time. The Tax Cuts and Jobs Act of 2017 reintroduced 100 percent bonus depreciation for short-lived investments, such as machinery and equipment, allowing full cost recovery for qualifying investments. Bonus depreciation will begin phasing down at the beginning of 2023. In 2018, the
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT New England Patriots tight end Hunter Henry (85) celebrates his touchdown run against the Cleveland Browns during the third quarter at FirstEnergy Stadium, Oct. 16, 2022. Scott Galvin | USA Today Sports | Reuters The National Football League is finalizing a deal for the rights
Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Investors could regain the confidence to put their money in Chinese
Activists hold a student loan forgiveness rally near the White House on April 27, 2022. Anna Moneymaker | Getty Images News | Getty Images The nine justices of the U.S. Supreme Court have scheduled high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28, meaning borrowers suspended in uncertainty about the fate
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile. Shares of Nike rose more than 10% after hours Tuesday. related investing news Costco CEO’s cautious
Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. Tristan Wheelock | Bloomberg | Getty Images FTX founder Sam Bankman-Fried signed extradition papers in the Bahamas and will return to the U.S. on Wednesday, a Bahamas prison official told NBC News. Doan Cleare, Bahamas’
Getty Images There’s still time to reduce your 2022 tax bill or boost your refund, but the last chance for certain strategies is fast approaching, according to financial experts. With fewer than two weeks left in the year, there are limited options to make a “real impact” on your taxes, said certified financial planner Eric
Sen. Bill Hagerty, R-Tenn., listens to testimony during the Senate Banking, Housing and Urban Affairs Hearing to examine the President’s Working Group on Financial Markets report on Stablecoins in Washington, Feb. 15, 2022. Bill O’Leary | Pool | Reuters Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the
Last week, the European Union approved the world’s first Carbon Border Adjustment Mechanism (CBAM). Well, in name anyway. The mechanism is a key aspect of the EU’s broader Fit for 55 package which aims to cut 55 percent of net greenhouse gas (GHG) emissions in the EU by 2030. It’s also a foundational aspect of
A ‘For Rent’ sign in front of a building on December 06, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images Rents for both single-family homes and apartments are still rising, but at a far slower pace, as inflation squeezes consumers and landlords lose pricing power. Rent growth in November slowed for the 10th