Month: December 2022

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
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Sporrer/Rupp | Image Source | Getty Images Participation in workplace retirement plans may soon be expanded, thanks to new efforts from lawmakers on Capitol Hill. A group of retirement provisions, dubbed “Secure 2.0,” have been included in the government spending bill for the 2023 fiscal year. related investing news Americans need to save more for
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Key Takeaways Disney stock has plummeted almost 45% so far this year, which is looking set to be the worst performance since 1974. The latest fall has come after the opening weekend of Avatar: The Way Of Water fell short of huge opening weekend expectations. Disney is under pressure from many fronts, with its streaming
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Home sales tumbled for the 1oth straight month in November, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year declines. Home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned 7.7% from October to a seasonally adjusted annual rate of 4.09 million in
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In this article GM TSLA F Follow your favorite stocksCREATE FREE ACCOUNT The 2023 Lincoln Corsair will offer the company’s next-generation ActiveGlide hands-free advanced driver assistance system (ADAS) for highway driving including lane-changing, in-lane positioning and predictive speed assist. Lincoln DETROIT – Letting go is hard. Even if major automakers want to make it easier.
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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% in off-hours trading. related investing news Pro Picks: Watch
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Bill Koplitz | Moment | Getty Images Another round of changes to the U.S. retirement system appears to be on its way. A collection of retirement-related provisions known as “Secure 2.0” is included in a 4,100-page, $1.7 trillion spending bill — which would fund the government for the 2023 fiscal year — that was unveiled
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For some observers, the COVID-19 pandemic has ushered in a big labor market change—significantly higher levels of working from home (WFH). Recent studies find WFH is getting locked into the labor market, at least for some occupations and industries, although some experts caution we still don’t know how it will play out in the long
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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’
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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
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The spending bill congressional leaders agreed to creates significant new incentives for retirement savings and broadly eases rules for withdrawing funds. Like earlier versions, the measure would both help low- and moderate-income workers save for retirement and create yet another tax windfall for high-income savers. The measure, called SECURE 2.0, adopts elements of bills approved
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