Customers hold shopping bags outside the Shein Tokyo showroom in Tokyo, Nov. 13, 2022. Noriko Hayashi | Bloomberg | Getty Images Shein notched its highest profit ever during the first half of this year, the company told investors in a letter, as rumors swirl over whether the fast-fashion juggernaut will file for a U.S. initial
A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Samsung introduced the fifth generation of its foldable smartphones on Wednesday, seeking to counter a sluggish market for devices and upcoming rival products from Apple Inc. SeongJoon
Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for the real thing due its vulnerability to big losses. “Volatility does not back up any claims for crypto to be a long-term strategic asset as
Designer491 | Istock | Getty Images Student loan borrowers are likely still reeling from the Supreme Court’s decision to strike down the Biden administration’s forgiveness plan. It may make them feel a little better to learn that there are other ways to get their debt canceled. There are already numerous federal and state programs that
The ancient Greek historian, Herodotus, is attributed with the quote, “The end is not obvious at the beginning.” Known as the “Father of History,” Herodotus was born in the year 484 B.C. in the city of Halicarnassus, or what is now modern-day Bodrum, Turkey. Were the historian miraculously able to once again visit this dazzling
In this article PFE MRNA NVAX Follow your favorite stocksCREATE FREE ACCOUNT A pharmacist delivers a COVID-19 booster dose at a Chicago CVS store. Antonio Perez | Tribune News Service | Getty Images A new round of Covid vaccines is coming to the U.S. this fall — but many Americans may not roll up their
General view of the Shell logo. Picture Alliance | Picture Alliance | Getty Images LONDON — British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit, citing lower fossil fuel prices and refining margins. Shell posted adjusted earnings of $5.1 billion for the three-month period through to the end of June,
A ‘Shark Week’ blimp flies over the San Diego Convention Center on July 23, 2022. Aaronp/bauer-griffin | Gc Images | Getty Images It’s “Shark Week,” the annual television-programming event on Discovery that stars the ocean’s apex predators. And perhaps the most famous of these fish — the fictional, man-eating great white from the 1975 thriller
Simon Potter | Getty Images When it comes to stocks, investors face a big question: How much exposure is enough? For investors already in retirement, how well they answer that question may have big consequences for how well they reach their goals. “About 37% of boomers have more equity than we would recommend for their
Americans abroad are at a disadvantage when it comes to taxes because, unlike the majority of developed nations, the United States operates a citizenship-based taxation system instead of a residence-based one. This means that, no matter where you move, so long as you maintain your U.S. citizenship, you will have to file an annual tax
Real estate investors looking to secure debt could face significant challenges due to today’s market conditions. As I mentioned in a previous article, bank failures and rising interest rates have led to a tighter lending environment. Borrowers may need to search far and wide for the financing they need and bring more of their own
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, Sept. 17, 2020. Rebecca Cook | Reuters Heads up, hybrid fans: Ford Motor is working on a whole bunch of new hybrid models. “You’re going to see
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted in front of a McDonald’s restaurant on April 03, 2023 in San Pablo, California. Justin Sullivan | Getty Images McDonald’s is expected to report its second-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed
Indicted FTX founder Sam Bankman-Fried leaves the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, the second time they have narrowed the indictment against the founder of crypto exchange FTX . Prosecutors told Judge Lewis Kaplan on Wednesday that they
Johnnygreig | E+ | Getty Images This October may be a stressful time for many people with federal student loans. After a three-year break, the U.S. Department of Education will start expecting payments again at that point. Borrowers will get their first bill in September or October, the department says. From then, they’ll have at
I have written recently that taxpayers need to beware of “too-good-to-be-true” pitches for the Employee Retention Credit (ERC) and that business owners need to be “eyes open” about whether they qualify for the ERC. The IRS just recently put forward a new announcement outlining warning signs for business owners and tax exempts for ERC scams.
A Pennsylvania estate features a home built around a circa-1801 bank barn, accented by a dramatic modern silo and surrounded by lush gardens that lend the property a storybook feel. The landscaped 6-acre property, called Walmere Manor, is situated on a quiet cul-de-sac in Blue Bell, part of Whitpain Township, Pennsylvania. Arched trellises follow the
In this article JNJ Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, a container of Johnson and Johnson baby powder is displayed on April 05, 2023 in San Anselmo, California. Justin Sullivan | Getty Images A federal bankruptcy judge on Friday rejected Johnson & Johnson‘s second attempt to resolve tens of thousands of
In this article SG Follow your favorite stocksCREATE FREE ACCOUNT Customers enter a Sweetgreen restaurant on June 21, 2021 in Chicago, Illinois. Scott Olson | Getty Images Sweetgreen on Thursday reported quarterly sales that fell short of Wall Street’s expectations, but losses did narrow from the year-earlier period. The company also raised its forecast for
Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Intel — The chip stock jumped more than 6% after the company posted better-than-expected second-quarter earnings results. The latest quarter marked a return to profitability after two consecutive losing