In this article UAA MAR UA NKE LULU Follow your favorite stocksCREATE FREE ACCOUNT Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the company hopes will grow its digital business. Linnartz, who has been with
Month: December 2022
In this article GSBD GS Follow your favorite stocksCREATE FREE ACCOUNT The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual China Group | Getty Images BEIJING —
People traveling abroad this Christmas may not find their favorite holiday food on the menu. That’s because traditional holiday fare varies around the world. To see who’s eating what this weekend, the culinary website Chef’s Pencil created a map showing what it says are the most popular Christmas dishes around the world. Where turkey is
Olelole | E+ | Getty Images As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. If it passes, that would be the largest jump for the grant in more than a decade.
Key Takeaways Disney stock has plummeted almost 45% so far this year, which is looking set to be the worst performance since 1974. The latest fall has come after the opening weekend of Avatar: The Way Of Water fell short of huge opening weekend expectations. Disney is under pressure from many fronts, with its streaming
Insider trading is a notorious form of white-collar wrongdoing that most people are familiar with. The law prohibits you from trading stock when you know material nonpublic information (MNPI) about a company, i.e. information that will move the company’s stock price when it is made public. Fewer people know that you can violate the insider-trading
Alo is more than just a fashion brand, it’s a true lifestyle company with a thriving fitness platform called Alo Moves, a beauty line, and 30 retail locations throughout the United States and Canada. Located just a few minutes from the Beverly Hills store, at 9830 Wilshire Boulevard, is the brand’s worldwide headquarters. This iconic
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units housing analysts had predicted, and it was a much deeper fall than usual monthly declines. Sales were down 35.4% year
In this article CTAS BB SIX FDX RAD NKE CCL Follow your favorite stocksCREATE FREE ACCOUNT Vehicles sit parked outside of a Rite Aid Corp. store Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after
Bob Pisani’s book “Shut Up & Keep Talking” CNBC (Below is an excerpt from Bob Pisani’s new book “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.”) Most people like to think that they’re rational. But — at least when it comes to investing —
wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses
Key takeaways There are reports that the SAFE Banking Act will be excluded from a must-pass bill, marking the third time it’s failed to get through the Senate. The Act would give cannabis companies access to banking services, which is currently a challenge to the legal status of cannabis at a Federal level. Some are
Welcome to the Tax Policy Center’s annual Lump of Coal Awards for the worst tax ideas of 2022. Since it was an election year in the US and elsewhere and a year of eventful tax legislation, we were left with many misbegotten ideas to choose from. Here are 10 of the worst. 10. Rapping your
You know the saying “show me the money”? Well, money talks when it comes to negotiating a home purchase. Roughly one-third (31.9%) of home purchases were paid for with all cash in October, according to a new report from Redfin, a technology-powered real estate brokerage. That’s up from 29.9% a year earlier and the highest
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT New England Patriots tight end Hunter Henry (85) celebrates his touchdown run against the Cleveland Browns during the third quarter at FirstEnergy Stadium, Oct. 16, 2022. Scott Galvin | USA Today Sports | Reuters The National Football League is finalizing a deal for the rights
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
Chinese e-commerce giant Alibaba was one of the 100 over companies that had faced the risk of delisting in the U.S. in 2024 if their audit information was not made available to PCAOB inspectors. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Investors could regain the confidence to put their money in Chinese
Millionaire investors are betting on double-digit declines in stocks next year, reflecting their most bearish outlook since 2008, according to the CNBC Millionaire Survey. Fifty-six percent of millionaire investors surveyed expect the S&P 500 to decline by 10% in 2023. Nearly a third expect declines of more than 15%. The survey was conducted among investors
Bill Koplitz | Moment | Getty Images Another round of changes to the U.S. retirement system appears to be on its way. A collection of retirement-related provisions known as “Secure 2.0” is included in a 4,100-page, $1.7 trillion spending bill — which would fund the government for the 2023 fiscal year — that was unveiled
Congress is once again poised to make sweeping changes to the retirement and tax rules in the last two weeks of the year. The Secure Act 2.0 is expected to become law later this week. Some of the measures in the bill include increasing the required minimum distribution age, raising catch-up contribution limits, permitting some
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