How in the world could you ever justify spending $500 or more on a pair of sneakers? That’s how I interpreted the question posed by the Wall Street fugitive, Khe Hy, when I saw this tweet: Knowing Khe’s penchant for nuance, his question likely wasn’t as direct as my initial translation, but that’s how it
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain. Cristina Arias | Cover | Getty Images Eli Lilly on Friday said it will acquire Versanis, a privately held obesity drug maker, for up to $1.93 billion to boost the pharmaceutical giant’s weight loss
A pedestrian passes an AT&T store in New York, U.S. Scott Mlyn | CNBC Check out the companies making headlines in premarket trading. JPMorgan Chase — The bank stock climbed 2.7% after reporting better-than-expected earnings due to higher interest rates and strong bond trading from the investment bank side. The company reported an adjusted $4.37
Chris Pratt and Charlie Day voice Mario and Luigi in Universal and Illumination’s “The Super Mario Bros. Movie.” Universal LOS ANGELES — It’s the billion-dollar question: Why are mega blockbusters in short supply this year? Universal’s “The Super Mario Bros. Movie” is the only movie released in 2023 to so far eclipse the $1 billion
In this article C BAC CTRN Follow your favorite stocksCREATE FREE ACCOUNT Since the company’s collapse during the 2008 recession, Citigroup’s stock has continuously struggled, with shares falling more than 30% over the past five years. In response, Jane Fraser, the CEO of Citigroup, announced a bold shift in company strategy, and it has exited
Once you’ve found a great real estate investment opportunity, it will be time to raise capital for the transaction. This step typically involves structuring the layers of equity and debt. In simple terms, equity refers to money that you’ll bring to the table and debt includes the different types of financing you’ll secure for the
In this article PRGO Follow your favorite stocksCREATE FREE ACCOUNT A package of the daily contraceptive Opill is seen in an undated illustration. Perrigo | via Reuters The first birth control pill sold without a prescription in the U.S. could remain out of reach for some women and girls because health insurance plans are not
Investors may want to reduce international exposure right now and stick with the home court. According to Main Management CEO Kim Arthur, global markets will meaningfully struggle due to the softening greenback. “One of the highest predicting factors for [the] future performance of international stocks versus U.S stocks is what the U.S dollar does,” Arthur
Ignatiev | E+ | Getty Images Company: Mercury Systems (MRCY) Business: Mercury Systems is a manufacturer of essential components, products, modules and subsystems. The company sells them to defense prime contractors, the U.S. government and OEM commercial aerospace companies. Essentially, Mercury Systems makes the electronics that go into defense applications. Because it pays for its
While the thought of funding your retirement adequately might be daunting, if you start planning now, you’ll certainly be thankful later. It’s never too early to start thinking about retirement and it might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace with other income sources to
It appears that the green energy tax breaks included in last year’s Inflation Reduction Act (IRA) are more popular among businesses than Congress imagined when it passed the bill. That likely will further increase the federal deficit but also reduce carbon emissions more than first forecast. Which raises the question: On net, is that a
After a frenzied market over the last three years, the latest data coming from Austin, Texas, is now pointing toward stabilization, with prices leveling out and inventory bouncing back. While the days of cutthroat bidding wars may be over—at least for now—the effects on the luxury segment of the market may prove long-standing. With much
Cans of PepsiCo’s Pepsi Zero Sugar soda are displayed for an arranged photograph taken in Tiskilwa, Illinois, on Wednesday, April 17, 2019. Daniel Acker | Bloomberg | Getty Images The U.S. Food and Drug Administration disagrees with a World Health Organization finding that the widely used soda sweetener aspartame possibly causes cancer in humans, saying
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | Getty Images Crypto exchange Binance is laying off employees in response to an ongoing Justice Department probe that is likely to end with
zimmytws | iStock | Getty Images When it comes to Social Security benefits, a key deadline is looming: Benefits may be reduced in the next decade if no action is taken sooner. This week, the Senate Budget Committee met on Capitol Hill to consider the dilemma facing the program with a focus on a key
If you want to become financially independent, you’ve got to know what it means to be financially independent. It’s not that difficult to get your arms around. A straightforward operational definition does the trick. “You will know if you are financially independent if you have eliminated your debt, have a financial reserve that can sustain
The IRS announced today that it is reopening previously closed taxpayer assistance centers (TACs), adding additional TACs, and starting a series of Community Assistance Visits to assist taxpayers in areas where the closest TAC is prohibitively far away. Funding from the Inflation Reduction Act provided the means for the IRS to increase its in-person customer
The 350-year-old Shawford Park estate recently made a cameo on season six of hit TV Showtime show Billions as the country home of hedge fund billionaire Bobby Axelrod, played by actor Damian Lewis. The estate, located in the English countryside of Hampshire in the U.K., is a Grade II-listed home that recently hit the market
In this article JBLU AAL Follow your favorite stocksCREATE FREE ACCOUNT American and JetBlue will stop selling seats on each other’s flights next Friday, two months after a federal judge ruled that the airlines’ partnership in the Northeast violated antitrust laws. The judge ordered the airlines to end their more than two-year partnership, which allowed
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Three Wells Fargo ATM’s on 14th street, New York City. Lindsey Nicholson | Universal Images Group | Getty Images Wells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter, sending its stock higher in early trading Friday. Here is