With Armageddon slated to arrive on or about the first of next month, it seems like a good time to get started with those debt limit negotiations. President Biden, of course, says he won’t bargain over raising the ceiling; only a “clean” increase will do. But the president has also invited House Speaker Kevin McCarthy,
Month: May 2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters WASHINGTON — As investors focused this week on earnings and regional banks, the Securities and Exchange Commission quietly adopted new
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Carvana on Thursday said it expects to achieve positive adjusted earnings during the second quarter of this year — earlier than
In this article HOOD GS AAPL JPM Follow your favorite stocksCREATE FREE ACCOUNT Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images The technology industry is known for innovation and spawning the next big thing. But at a time of economic uncertainty and
People at the See’s Candies display at the Berkshire Hathaway Shopping Day event, May 5, 2023. David A. Grogan | CNBC Berkshire Hathaway‘s annual shareholder meeting this weekend is kicking off with a shopping extravaganza. Called the “Berkshire Bazaar of Bargains,” the shopping event is a tradition at the yearly convention. With over 20,000 square
Forbes Global Properties Privacy? Yes. Ocean views? Of course. The setting and style of this contemporary home in the prestigious community of Montecito melds the natural coastal beauty of Southern California with a decidedly indoor-outdoor lifestyle. The home at 303 Meadowbrook Drive unfolds across 1.38 acres in horizontal lines with floor-to-ceiling glass and pillars that
The federal Centers for Medicare and Medicaid Services (CMS) has moved to increase pay for home care aides and others who provide personal care for frail older adults and younger people with disabilities. It has proposed new rules requiring Medicaid home care agencies to direct at least 80 percent of program payments for personal care
House Republicans have, at least temporarily, redefined what they mean by a tax increase. By doing so, they have turned their backs on their decades-old pledge to never, ever, not under any circumstances, raise taxes. And they have opened the door, if only a crack, to a possible way to use revenues to reduce budget
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Florida Governor Ron DeSantis speaks at a conference titled Celebrate the Faces of Israel, Museum of Tolerance Jerusalem, April 27, 2023. Maya Alleruzzo | AFP | Getty Images Florida’s legislative session is set to end Friday, capping a 60-day Republican blitz to send major bills
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT A Lyft decal is seen on a car in the pick-up area at JFK Airport on April 28, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images Lyft shares dropped nearly 15% in extended trading on Thursday after the
In this article CVNA VFC COIN NVDA LYFT Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at an Apple store on November 28, 2022 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading. Carvana – The used car retailer saw shares surge 28% after the company said
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC To say that Warren Buffett’s successor Greg Abel has big shoes to fill would be an understatement. The vice chairman for non-insurance operations at Berkshire Hathaway recently
Fotostorm | E+ | Getty Images Fears of an upcoming recession and high inflation may be weighing most heavily on single women, according to a financial advisor who works with that demographic. “In times of inflation, the cost of everything goes up, including rent, utility bills, groceries and health care,” said certified financial planner Cathy
Getty Images If you’re one of the millions of taxpayers who paid for TurboTax when the filing software should have been free, you may soon receive a settlement check, New York Attorney General Letitia James announced on Thursday. TurboTax owner Intuit in May 2022 agreed to pay $141 million to lower-income Americans who were “unfairly
A look at the supply/demand dynamic for Manhattan and Brooklyn rentals suggests that rents are going up. Despite worries about oversupply and lower demand in the commercial sector, the opposite dynamic appears to be taking place in the residential sector. The year-over-year change in the number of new rental listings is starting to fall as
US banks continue facing severe financial pressures, with First Republic’s failure now being followed by intensified pressure on PacWest, Western Alliance and others previously thought to be healthy. A key driver is banks’ exposure to falling commercial real estate values, driven in part by the rise in working from home and reduced demand for commercial
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT A view of the Walt Disney World theme park entrance in Lake Buena Vista, Florida, July 11, 2020. Octavio Jones | Getty Images The Florida Chamber of Commerce has counted Disney as an ally for over a decade and helped propel Republican Gov. Ron DeSantis’
Source: Warner Bros. Warner Bros. Discovery reported a big quarterly loss even as its direct-to-consumer segment turned a profit for the first time ever. The company also expects the DTC, or streaming, business to be profitable for 2023, a year ahead of its expectations, CEO David Zaslav said in an earnings release Friday morning. First-quarter
In this article 5-HK HSBA-GB Follow your favorite stocksCREATE FREE ACCOUNT Noel Quinn, chief executive officer of HSBC Holdings Plc, right, Mark Tucker, chairman, center, and Peter Wong, deputy chairman, during the bank’s shareholders meeting in Hong Kong, China, on Monday, April 3, 2023. HSBC’s senior executives faced its Hong Kong shareholders from retirees to
Estimates put the cost of King Charles coronation at between £50 million and £100 million ($63-125 million). Future Publishing | Getty Images LONDON — The eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry. The
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