When Kylie Jenner’s very brief flight on a private jet went viral last week, people were outraged — largely about the environmental impact of the trip. Jack Sweeney was unfazed. The 19-year-old whose Twitter account @CelebJets publicized Jenner’s trip has made a name for himself since January by publicly tracking the private jets of billionaires
Month: July 2022
The Good Brigade | DigitalVision | Getty Images As the Federal Reserve again raises interest rates to combat soaring inflation, some advisors are shifting clients’ investment portfolios. The central bank on Wednesday enacted its second consecutive three-quarters of a percentage point interest rate increase, aiming to curb rising prices without triggering a recession. The move
The U.S. Federal Reserve increased its benchmark interest rate by 75 basis points to a range of 1.5%-1.75% in June — the biggest increase since 1994. Fed Chair Jerome Powell (above) flagged there could be another rate hike in July. Mary F. Calvert | Reuters The Federal Reserve raised its benchmark interest rates by 75
Federal Reserve officials made history on Wednesday by hiking rates by three-quarters of a percentage point for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation, but risking a sharp blow to the economy. Policy makers, facing the hottest price pressures in 40 years, lifted the
Topline The stock market jumped on Wednesday after the Federal Reserve raised interest rates by 75 basis points for the second consecutive month in a row, with Fed Chair Jerome Powell hinting that the central bank could slow the pace of rate hikes later this year. Key Facts Stocks surged after the Fed’s announcement: The
In this article CMG MCD Washington DC, Chinatown, Chipotle and McDonald’s fast food restaurants. Jeff Greenberg | Universal Images Group | Getty Images McDonald’s and Chipotle Mexican Grill say customers squeezed by inflation are choosing cheaper menu items and visiting their restaurants less often, signaling trends that could be hitting the broader restaurant industry. The
In this article BA Boeing on Wednesday stuck by its forecast to return to free cash flow this year as it prepares to resume deliveries of its 787 Dreamliner planes after manufacturing flaws paused deliveries for much of the past two years. The company’s second-quarter results fell short of analysts estimates. Weakness in its defense unit dragged down results,
Signage is displayed outside a Chipotle Mexican Grill Inc. restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. Chipotle is scheduled to release earnings figures on July 22. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Chipotle Mexican Grill– Shares of Chipotle surged more
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of analysts, economists and former policymakers have chimed in, saying that was a mistake. “The forward guidance, overall, slowed the response to the Fed
MARK RALSTON | AFP | Getty Images The Mega Millions jackpot just won’t quit. After no ticket matched all six numbers drawn Tuesday night, the top prize has surged to $1.02 billion for Friday night’s drawing. It marks the fourth time a lottery jackpot has crossed the $1 billion mark. While the chance of a
In 2021, 6.9 million homes were bought and sold in the U.S., according to Statista. Real estate transactions are highly administrative and technology makes them more efficient. The PropTech industry—real estate technology—is expected to grow from $18.2 billion in 2022 to $86.5 billion in 2032, according to Future Market Insights. Consumers want better home buying-and-selling
Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Realtors on Wednesday, with experts warning that higher mortgage rates will continue to negatively impact demand. Key Facts Pending home sales, which measure
Topline The stock market moved slightly higher on Wednesday morning thanks to a boost from Big Tech stocks like Microsoft and Alphabet, which both rallied despite missing earnings estimates, while investors look ahead to an upcoming rate hike decision from the Federal Reserve this afternoon. Key Facts Stocks attempted to recoup losses from the previous
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment‘s annual report for 2021 lists a risk factor specifically about the
Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceeded consensus expectations among analysts aggregated by Refinitiv of a 960.2 million euro profit, and vastly improved on the 692 million euro profit for the same
Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — China’s property sales are set to plunge this year by more than they did during
Getty Images Young adults may be hearing the save-for-retirement drumbeat loud and clear, a new study suggests. Generation Z workers — defined in the study as those ages 18 to 25 — are socking away, on average, 14% of income for their golden years, according to new research from BlackRock. That compares with 12% for
Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession, according to a new report from Redfin, a technology-powered real estate brokerage, which also found that relatively affordable Northern
Before Medicare, you probably had coverage through an employer group health plan. During the annual enrollment period, there were two or three options available. You wanted the plan to cover your prescription medications but, beyond that, drug coverage was likely not a big factor in your decision. That all changed once you entered the world
A Walmart Inc. logo is displayed on a sign that reads “Everyday Low Price” at a store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned
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