In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Jim Chanos, Chanos & Company, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Renown short seller Jim Chanos will be converting his hedge fund Chanos & Co., to a family office and advisory business, CNBC has learned. The investor, best known for
Engaged couple embrace. Bryan Miguel | Moment | Getty Images Holiday gifts aren’t the only pricey thing on shoppers’ lists right now. We’re also approaching peak engagement season for couples in the U.S., or the time between Thanksgiving and Valentine’s Day, according to wedding site The Knot. Consumers in the market for a diamond engagement
Deciding when to retire is one of the most important decisions facing workers in their 50s and 60s. Your decision will significantly influence your financial security, health, and life satisfaction for the rest of your life. It’s a serious decision that only you can make—nobody else can tell you the best age at which you
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT — Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract negotiations between the
Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany. Getty Images Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts, but expects a slowdown in 2024. The German industrial conglomerate projects sales
Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could yet be needed. “I understand the tendency to really enjoy good news, and there was some good news in some of the numbers — and I think that we need to appreciate that. But I
After a more than 80% jump in bitcoin’s price in the first half of 2023, crypto market watchers gave CNBC their expectations for how the cryptocurrency will perform in the latter half of the year. STR | NurPhoto via Getty Images As investors weigh year-end tax moves, there may be a lesser-known savings opportunity for
Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned. “I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an
The estate of the late actor, James Caan, who appeared in The Godfather and many other films and television shows, lost a recent Tax Court case that has lessons for other taxpayers. The case involved two of Caan’s IRAs. The IRAs owned interests in a hedge fund. The tax code allows IRAs to own non-publicly
Cassie Ventura and Sean ‘Diddy’ Combs attend the Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala at The Metropolitan Museum of Art on May 7, 2018 in New York City. John Shearer | Getty Images | The Hollywood Reporter | Getty Images Hip-hop music and fashion mogul Sean “Diddy” Combs was hit Thursday
In this article M Follow your favorite stocksCREATE FREE ACCOUNT Macy’s Herald Square store in New York is shown on Aug. 21, 2023. View Press | Corbis News | Getty Images Macy’s on Thursday topped Wall Street’s quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales. The department store
Cleveland Federal Reserve President Loretta Mester said Thursday that this week’s news showing lower levels of inflation isn’t enough to convince her that the central bank has won its battle against higher prices. “We’re making progress on inflation, discernible progress. We need to see more of that,” Mester told CNBC’s Steve Liesman during an interview
In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT President Joe Biden delivers remarks about the student loan forgiveness program on Oct. 17, 2022. Leah Millis | Reuters More people with federal student loans have been able to walk away from their debt in bankruptcy court due to a Biden administration policy change announced
Share to Facebook Share to Twitter Share to Linkedin The hardest part of investing for retirement is budgeting ample contributions. Solve that issue and you jump into the next hardest part: Deciding how to invest. Your retirement investment decisions should flow from a target asset allocation that aligns with your time horizon and risk tolerance.
A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Sierra Space, one of the sector’s most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned. A Sierra Space spokesperson confirmed the company let go of about 165 employees on Thursday, but declined to specify the number of
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at
James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader’s Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty Images
From virtually sending a friend money to ordering food to your doorstep, computer and mobile applications allow us to accomplish many tasks faster and easier than we could in the past. However, despite its rapid development over the past few years, Microsoft co-founder Bill Gates thinks today’s software is still “pretty dumb,” according to a
d3sign | Moment | Getty Images As millions of Americans compare health plans on the Affordable Care Act insurance marketplaces, experts say it’s critical to run projections and rethink popular tax moves before enrolling in subsidies. Marketplace open enrollment typically runs from Nov. 1 through Jan. 15, but will extend to Jan. 16 because of
The U.S. is desperately short of nurses, personal care aides, and other direct care workers who help frail older adults and younger people with disabilities manage their days. Instead of dealing with the problem, policymakers have, predictably, devolved into their usual partisan blame-mongering. Watch, if you can, this recent hearing of the House Energy and