Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well as Juan Espinoza does. The 23-year-old resident of Santa Ana, California, has been on a three-year search for a dwelling that’s within the
BMW Concept XM BMW BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for production of EVs at the automaker’s existing Spartanburg factory in South Carolina, and $700 million for a new high-voltage battery-assembly facility
In this article PG Follow your favorite stocksCREATE FREE ACCOUNT Containers of Tide detergent on grocery store shelves. Richard Levine | Corbis | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ estimates as higher pricing helped offset lower sales volume and currency headwinds. The maker of Tide detergent,
In this article NUN-MX Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a large financial institution. Nubank said Wednesday it will launch the token, called Nucoin,
Andersen Ross | Blend Images | Getty Images Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023. The agency has boosted the income thresholds for each bracket, applying to tax year 2023 for returns filed in 2024. These brackets show how much you’ll owe for federal
Cavan Images | Cavan | Getty Images Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analytics. Consumer prices jumped by 8.2% in September versus the same month in 2021, the U.S. Bureau of Labor Statistics said Thursday.
Rising costs have chipped away at most Americans’ standard of living. As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt. Nearly three-quarters, or
On a yearly basis the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflation to prevent what is called “bracket creep.” Bracket creep occurs when people are pushed into higher income tax brackets or have reduced value from credits and deductions due to inflation, instead of any increase in real income. The IRS used to
United Airlines forecast another profit for the end of the year and said consumer appetite for travel is showing no signs of slowing down despite high airfares. Shares jumped more than 7% in after-hours trading on Tuesday. “Looking forward through the end of the year, the airline expects the strong Covid recovery trends to continue
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Adobe shares rose as much as 4% late on Tuesday after the software maker issued guidance for the next fiscal year that fell short of expectations, but blamed some of the shortfall on a stronger dollar and unfavorable foreign exchange rates. For the 2023 fiscal
In this article AAPL WFC BAC JPM GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening
Win-initiative/neleman | Stone | Getty Images The Biden administration officially launched the application for federal student loan forgiveness Monday — and scammers are already “on the move” to capture borrowers’ money and personal information, the Federal Trade Commission warned Tuesday. Tens of millions of Americans are eligible for debt cancellation. Borrowers may qualify for cancellation
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix logo Mario Tama | Getty Images News | Getty Images Netflix has a message for investors: start focusing on revenue and profit, and stop obsessing about subscriber growth. Netflix made its argument with several pointed comments in its quarterly shareholder letter. The world’s largest
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and bottom lines. The streamer also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter
In this article JBHT IBKR ADBE UAL ISRG NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Netflix — The streaming giant’s shares skyrocketed more
More than 300 U.S. buyers have already put down deposits for Rolls-Royce’s first electric vehicle prior to its unveiling on Tuesday, the luxury automaker’s CEO told CNBC. Rolls-Royce CEO Torsten Muller-Otvos told CNBC that the buyers visited the company’s headquarters in Goodwood, England over the past two weeks to get a sneak peak at the
RyanJLane | E+ | Getty Images After a difficult year for the stock market, investors have poured money into Series I bonds, a nearly risk-free and inflation-protected asset that’s paying a record 9.62% annual interest rate through October. With the rate expected to drop to roughly 6.48% in November, there’s a brief window to secure
Mike Mergen | Bloomberg | Getty Images If you’re a Medicare beneficiary, now’s the time to evaluate your prescription drug coverage for 2023. In addition to checking during Medicare’s annual fall open enrollment whether you can get a more cost-effective plan, you should be aware of some legislative changes taking effect next year that may
Updated tax brackets for the year 2022 Your tax bracket shows you the tax rate that you will pay for each portion of your income. Below, we go over some helpful examples and also address myths about how tax brackets work. The progressive tax system ensures that all taxpayers pay the same rates on the same
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