In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee
Month: October 2024
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel shares jumped 15% in extended trading on Thursday after the chipmaker reported better-than-expected revenue
2025 Medicare Changes Every year there are changes to Medicare Advantage Plans and Social Security. Most years the changes are not dramatic. But this year the change in your Medicare Advantage plan may be dramatic. If you have a Medicare Advantage Plan, do not assume that your plan will remain the same for 2025. Because
The University of Chicago Booth School of Business. Courtesy: The University of Chicago Booth School of Business. A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Top universities are tapping into the
The US Department of Treasury in Washington, DC, on February 22, 2024. Mandel Ngan | AFP | Getty Images The U.S. Department of the Treasury has announced new Series I bond rates. Linked to inflation, newly purchased I bonds will pay 3.11% annual interest from November 1 through April 30, 2025, which is down from
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton bike is displayed at a Dick’s Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty Images Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reins
Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express. The firm’s business-focused payments arm, Square, told CNBC that it
Social Security benefits will be a major source of retirement income for most Americans. Yet, shockingly, only some people have a good idea of how much they will receive in benefits from Social Security. In fact, new research from the National Institute on Retirement Security says just 11% of Americans who haven’t yet retired know
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie’s auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United Kingdom on October 06, 2023. Wiktor Szymanowicz | Future Publishing | Getty Images A version of this
Blueflames | Getty Images The rate of inflation has come down from pandemic era highs. Yet many Americans still say they are living paycheck to paycheck, according to new research from Bank of America. That may apply whether household income is less than $50,000 or more than $150,000. How tight household budgets are is a
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks offers oat milk as a dairy-free option. Source: Starbucks Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86
Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new backers are: China Telecom — one
For decades, the desperate need for government to help support middle-income frail older adults, younger people with disabilities, and their family members has been clear. Until now, lawmakers largely have done nothing about it. But that finally may be changing. Vice President Kamala Harris, the Democratic nominee for President, has proposed an ambitious expansion of
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia
Betsie Van der Meer | Getty Only one cohort of shoppers thinks they have enough financial runway to spend cash this holiday season without rolling into debt — and even so, many in that group anticipate struggling. About half, or 52%, of shoppers with incomes of $100,000 or more believe they can “easily afford” holiday
A Carvana sign and signature vending machine in Tempe, Ariz. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs.
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Brian Niccol speaking on CNBC’s “Squawk Box” on Oct. 30, 2018. Anjali Sundaram | CNBC Starbucks on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as sales in the U.S. and China, its two biggest markets, disappointed. The company previously released a preliminary
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax
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