Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging like hotels declined 9.5% and about 3%, respectively, according
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In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney will put a stamp on how the media industry views streaming’s growth potential — at least for the time
In this article RBLX The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines. Here’s how the company did: Loss per share: 30 cents vs.
In this article F RKT A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. “It is absolutely magnificent what happened throughout those 15 years.” Between 2010 and 2019, just 708 new housing
FluxFactory New government data points to signs that red-hot inflation is starting to cool. But Social Security beneficiaries may still be in for a record high cost-of-living adjustment in 2023. The Senior Citizens League, a nonpartisan senior group, now estimates Social Security benefits may increase 9.6%, based on Consumer Price Index data released on Wednesday.
If you sell items online, you’ve probably heard about new IRS reporting thresholds that went into effect this year. These new requirements have caused some confusion for sellers on eBay and other online marketplaces. To help keep sellers informed, TaxAct® and eBay have partnered to help you understand these tax changes and what they will mean
An “Open House” sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022. Mark Felix | Bloomberg | Getty Images After dropping at the end of July, mortgage rates moved higher on average again last week, but the daily moves were volatile. Mortgage demand was split, with gains
In this article SG A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more than 20% in extended trading Tuesday after the salad chain lowered its 2022 forecast. The restaurant company also said it laid off
In this article ROO-GB A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living
Customers buying pork at a food market in Shanghai, China. Prices of pork, a food staple in China, rose by 20.2% in July 2022 compared to a year ago, official data showed. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s consumer price index hit a two-year high in July as pork prices rebounded,
Amid one of the worst public-health crises in history, a record number of Americans are without health insurance. John Fedele The Inflation Reduction Act just passed by the Senate will cap insulin at $35 per month for Medicare beneficiaries. But that dashed hopes to curb insulin prices for a broader set of the diabetes patient
Over the last few years, concerns have been raised that the existing international tax system does not properly capture the digitalization of the economy. Under current international tax rules, multinationals generally pay corporate income tax where production occurs rather than where consumers or, specifically for the digital sector, users are located. However, some argue that
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Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor on Tuesday said it is increasing the starting prices of its electric F-150 Lightning pickup due to “significant material cost increases and other factors.” The Detroit automaker said the price increases – between
In this article COIN Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ estimates for revenue. Here’s how the company did: Earnings: Loss of $4.98 per share, vs. loss of $2.65 per share as expected by analysts, according
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue
In 2012, at 34 years old, I left my investment banking job and retired early with a net worth of $3 million. Currently, I live in San Francisco with my wife and two young kids. But since 1977, I’ve regularly traveled back and forth to Hawaii, where my parents have been retired for 15 years.
Jeffrey Coolidge | Photodisc | Getty Images As the Democrats’ spending plan moves closer to a House vote, one of the more controversial provisions — nearly $80 billion in IRS funding, with $45.6 billion for “enforcement” — has raised questions about who the agency may target for audits. IRS Commissioner Charles Rettig said these resources
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