Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won’t have to be as high to control inflation. Speaking at a monetary conference in Washington, D.C., the central bank leader noted that Fed initiatives used to deal with problems at mid-sized banks have mostly halted worst-case
Month: May 2023
Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBC The V-12 engine is dead. Long live the V-12. In the coming years, supercar companies like Lamborghini, Bentley and Rolls-Royce have all announced phase-outs of their V-12 engines as they roll into the age of hybrid and electric vehicles. In the meantime, they’re launching 12-cylinder
In this article EOCW Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation shows signs of cooling, some investors may be fearing the worst about a potential looming economic downturn. A recent survey from Nationwide finds more than two-thirds of respondents — 68% — expect a recession within the next six months. Meanwhile, 62% of
A lot of time is dedicated to providing advice to first-time homebuyers – as it should be. However, selling a house for the first time can also be a bewildering experience. These sellers are navigating what, for them, is unchartered waters, and missteps can keep their home on the market longer, or cause them to
A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images More grocery purchases. Fewer ambitious do-it-yourself projects. And last-minute splurges at the store. This week, some of the biggest retailers in the country reported earnings and described how their customers are shopping. As Home Depot, Target and
In this article FL Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker’s stock opened 24% lower Friday after it reported dismal fiscal first-quarter results and reduced its outlook just two months after
In this article DIS FL BE Follow your favorite stocksCREATE FREE ACCOUNT Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday. Bloom Energy — The clean energy stock jumped 5.1% following
Elon Musk says his days of trying to sleep less and work more are over — at least, relatively speaking. The Tesla, SpaceX and Twitter CEO, who referred to himself just last year as “fairly nocturnal,” has a history of pulling all-nighters and sleeping under his desk to get work done. Now, he makes an
Skodonnell | E+ | Getty Images I’m a financial advisor. So, I know a thing or two about saving and investing. But I’m also a dad with a college-aged son, and I am starting to see that, now more than ever, I need financial knowledge to help in that role. Saving for college has gotten
Getty The annual contribution limit for health savings accounts, or HSAs, will soon get a sizable boost due to inflation, the IRS announced this week. For 2024, the yearly limit for self-only HSA plans is rising to $4,150 from $3,850 in 2023, and the cap for family plans is jumping to $8,300 from $7,750. The catch-up
With all the talk lately about a looming recession, I’ve been thinking about strategies that retirees and pre-retirees can adopt to protect themselves from severe financial disruptions if the predicted recession lands on our doorstep. It reminded me of how my parents retired and recession-proofed their retirement. In the fall of 2008, I asked my
More than three years after the COVID-19 pandemic started, returning to the office versus working from home still hasn’t settled down. There’s an ongoing tension around working from home between management’s need for innovation and discipline versus workers’ desires for more flexible arrangements and reduced commuting time. As urbanist and historian Dror Poleg likes to
In today’s post-pandemic world, brick-and-mortar retail has surprisingly made an incredible comeback. At one point, as consumers stayed home and shopped online, the future of physical stores was called into question. Yet now many retailers are welcoming in customers who seek an experience or the chance to see and touch merchandise before making a purchase.
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Netflix saw its stock rise nearly 10% on Thursday after the streaming service unveiled details about its new ad-supported tier this week. The streaming service said it had 5 million monthly active users for its cheaper, ad-supported option
In this article MU TTWO BOOT BABA 6758.T-JP ZION Follow your favorite stocksCREATE FREE ACCOUNT Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Check out the companies making headlines before the bell Thursday. Walmart – Shares
Pocket money rose by more than inflation in the UK in the last year, and kids found ways to boost their income on top of that, a new report says. Agrobacter | Istock | Getty Images Despite a wider financial crunch in the U.K., British kids have reason to be cheerful with new data showing
JGI | Blend Images | Getty Images The IRS is preparing to test a free online direct filing system for some taxpayers — and while pre-populated returns with certain details already filled in aren’t part of the initial plan, research shows it may be possible for certain filers. As directed by the U.S. Department of
You’ve probably heard about the Limit, Save, Grow Act of 2023 (LSG, H.R. 2811), which narrowly passed the House of Representatives last month. It features prominently in the ongoing debate over the federal debt ceiling. It’s the GOP’s wish list of spending cuts, totaling $4.8 trillion over the 10-year budget window, according to the Congressional
Even if you’ve never read Eloise, the iconic children’s book by Kay Thompson, the name has become almost synonymous with New York’s iconic five-star Plaza Hotel. The French Renaissance château-style building was first built in 1907 and deemed a New York City landmark in 1969. While it’s been an operating hotel for over a century,
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO
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