In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop store operates in a strip mall on March 16, 2023 in Chicago, Illinois. Scott Olson | Getty Images Struggling retailer GameStop is giving its CEO and chairman Ryan Cohen even more control, including the ability to use company cash to buy other stocks.
Month: December 2023
Young woman receives help from financial advisor. Richvintage | E+ | Getty Images It can be far too easy for adults in their 20s to overlook retirement altogether. After all, it’s still decades away, with many other shorter-term goals — like buying a home or paying off student debt — closer on the horizon. About
In this article CERE ABBV Follow your favorite stocksCREATE FREE ACCOUNT A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021. Brian Snyder | Reuters AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per share
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Brendan Mcdermid | Reuters A new product puts the leverage of high-powered hedge funds in the hands of the regular investor, allowing them to make a bet that moves 4 times the direction of the
U.S. President Joe Biden gestures as he delivers remarks on aid to Ukraine from the White House in Washington, U.S., December 6, 2023. Kevin Lamarque | Reuters The Biden administration announced Wednesday that it would forgive an additional $4.8 billion in student loan debt, for 80,300 borrowers. The relief is a result of the U.S.
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s CosMc’s Restaurant. Courtesy: McDonald’s McDonald’s will open the first location of its new spinoff brand CosMc’s this week in Bolingbrook, Illinois. The fast-food giant plans to open 10 CosMc’s locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald’s
In this article C JPM Follow your favorite stocksCREATE FREE ACCOUNT (L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC.
Consumer spending has remained remarkably resilient in the face of persistent inflation — but that has come at a cost. To keep up with higher prices, Americans racked up more credit card debt than ever this year. Not only are balances higher, about half, or 47%, of cardholders are carrying debt from month to month, creating
Morsa Images | Digitalvision | Getty Images About 8 million Americans rely on federal benefits that provide income to the elderly, blind and disabled who have little or no income or resources. Yet the program — Supplemental Security Income, or SSI — has not been updated in about 40 years. A bill called the SSI
IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia. Alex Wong | Getty Images The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the agency continues its crackdown on “dubious” filings. Created to support small businesses during the
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the months after the peak shopping season. In an interview with Sara Eisen that aired Wednesday on CNBC’s “Squawk on the
D3sign | Moment | Getty Images Millions of people move money from a workplace 401(k) plan to an individual retirement account each year. Such “rollovers” are common when workers retire or take new jobs at different employers. More than 5.6 million people rolled a combined $618 billion into IRAs in 2020, according to the latest
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images Tesla faces a growing revolt in
A simplified Free Application for Federal Student Aid is set to roll out by the end of the month. However, the new FAFSA may launch with outdated inflation figures, which could mean many students “will get less financial aid than they deserve,” according to higher education expert Mark Kantrowitz. “It is a pretty big deal,” he said. “We are
How much global offshore tax evasion exists? It’s a difficult number to pin down. One thing some parties can agree on — from academics to civil society — is that the OECD’s exchange of information frameworks, especially its automatic exchange of information (AEOI) standard, has reduced banking secrecy over the past several years. Recently, the
If you know what you want, ask for it. That’s the lesson to be learned from the recent sale of a preconstruction home on Providenciales, an island in the Atlantic Ocean’s tropical Turks and Caicos archipelago. Originally marketed for $7.75 million as a five-bedroom, 5.5-bathroom villa with close to 8,000 square feet of living space,
In this article CHTR CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Charter shares closed down by more than 8% Tuesday after its Chief Financial Officer Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast‘s stock also closed down by more than
A VinFast EV car on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups. Vietnam-based electric car company VinFast broke new ground with its
Alistair Berg | Digitalvision | Getty Images For years, interest rates were low, inflation was steady and both financial markets and economic conditions were relatively stable. Then the Covid-19 pandemic turned everything on its head. Inflation began to soar and central banks around the world hiked interest rates in an effort to halt rising prices.
The number of Americans who say they are stretched too thin has remained stubbornly high. Amid a prolonged period of high inflation, more than 60% of Americans are living paycheck to paycheck. However, women are ”significantly more likely” than men to have a hard time making ends meet, according to a recent report from Varo Bank. About
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