Costco Wholesale ‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, as members flocked to its warehouses in search of quality merchandise at value prices. Total revenue in its fiscal 2024 third quarter increased 9.1% year
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters U.S. consumers and businesses alike have
Pixelseffect | E+ | Getty Images For lower-earning Americans, the pace of hiring remains strong, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hire rate for the bottom one-third of workers by income, those who earn less than $55,000 a
In this article LLY NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference
Share to Facebook Share to Twitter Share to Linkedin It feels like everything costs more these days—and some homeowners are looking for ways to increase cash flow without invading retirement assets. One way to do that? Reverse mortgages. Reverse mortgages are a creature of federal law. As part of the Housing and Community Development Act
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT A Best Buy store outside a Brooklyn mall in New York City, Aug. 29, 2023. Spencer Platt | Getty Images Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand for consumer electronics continues. Shares
Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon’s turnaround plan is starting to pay off. The sneaker retailer isn’t out of the woods just yet, but we’re removing the stock from our penalty box and upgrading its rating. Revenue declined 2.7% year over year to $1.879 billion, slightly
In this article KSS Follow your favorite stocksCREATE FREE ACCOUNT Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s shares plummeted more than 20% Thursday after the company posted a surprise loss per share, coming in well below Wall Street’s expectations for a slight profit. That
Poor performance may drive some people to break up with a financial advisor, but judging an advisor’s results is not only about the profits, or lack thereof, on your investments. Often, it is about trust, some experts say. “The No. 1 reason people tend to go with an advisor is that they like them and
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee on May 07, 2024 in Washington, DC. Kevin Dietsch | Getty Images The IRS will expand Direct File, its free tax filing program, nationwide starting in 2025, the agency and the U.S. Department of the Treasury announced on Thursday. “After a successful pilot, we are
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear,
In this article AEO Follow your favorite stocksCREATE FREE ACCOUNT An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs
Jose Luis Pelaez | Stone | Getty Images For many people, retirement planning is all about money: how to invest, how much to save, when to claim Social Security, how to best withdraw from accounts. Finances in retirement are an acute fear. About 2 in 3 people worry more about running out of money than
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year to $9.13 billion in the three months ended April 30, missing the $9.18 billion expected
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended trading: Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings
Goodboy Picture Company | E+ | Getty Images For most Americans, living well in retirement depends on how much they can save in their working years. But for millions of older individuals, unpaid student loan debts may put that goal out of reach, according to new research from the Schwartz Center for Economic Policy Analysis
I recently did a webinar on Medicare basics for over 600 consumers. During the Q&A session, I realized why Medicare is so confusing. The first question I was asked, “When are the seven months I have to enroll in Medicare?” highlights the reason. You would think there should be one enrollment period for everyone, right?
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty Images American Airlines will slash its capacity