WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to a
Month: July 2023
Elon Musk’s Twitter rebrand could land him in legal hot water with Meta CEO Mark Zuckerberg and others, experts say. On Sunday, Musk announced that he was getting rid of the Twitter brand and logo. The social media platform is now known as “X,” CEO Linda Yaccarino confirmed on Sunday. “X is the future state
The Mega Millions jackpot grew to $910 million on July 26, 2023. Tayfun Coskun | Anadolu Agency | Getty Images The Mega Millions jackpot has grown to an estimated $910 million, with the next high-stakes drawing on Friday at 11:00 p.m. ET. The big prize has only exceeded $1 billion four times, most recently reaching
Halfpoint Images | Moment | Getty Images The Americans with Disabilities Act was signed into law 33 years ago to protect people with disabilities from discrimination. But the disabled still face major hurdles when it comes to building wealth. To help make it easier for disabled individuals with lower incomes to save, Sen. Bob Casey,
Beyond the impressive entryway with stone pillars and impressive brickwork, the centerpiece of the 5.81-acre property in Bernards Township is a cedar clapboard and fieldstone home. Built in the mid-1700s, the New Jersey estate was once part of a larger farm. It was renovated and expanded on either side to 15 rooms in 2011. The
There was a voicemail waiting for me on Monday morning from Robert, a former client. “Diane, I’m in a panic. My wife is in the hospital, having hip replacement surgery. Some hospital person gave me a form to sign about observation care. I don’t know what it means or whether it will have any impact
I have written recently that taxpayers need to beware of “too-good-to-be-true” pitches for the Employee Retention Credit (ERC) and that business owners need to be “eyes open” about whether they qualify for the ERC. The IRS just recently put forward a new announcement outlining warning signs for business owners and tax exempts for ERC scams.
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors CEO Mary Barra on Tuesday blamed a supplier of automation equipment for the slow ramp-up
A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. Omer Messinger | Getty Images News | Getty Images LONDON — Shares of Rolls-Royce rocketed to their highest level since the start of the pandemic Wednesday morning after the
A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023, narrowly beating expectations despite a 27% year-on-year decline. The bank’s net
Luxury behemoth LVMH on Tuesday reported a surprising drop in U.S. sales in the second quarter, as its chief financial officer said “aspirational customers are not shopping as much as they used to.” LVMH’s U.S. sales slid 1% in the second quarter from the prior-year period. The disappointing results in the U.S. market came after
Getting a foot in the door of a company is often a major hurdle for people with disabilities looking for employment, even 33 years after the passage of the Americans with Disabilities Act. The ADA is a federal law requiring employers to make “reasonable accommodations” — adjustments or modifications — for qualified job applicants or employees
The interest rate on your mortgage determines your monthly mortgage payment as well as how much you’ll pay in interest. A good interest rate can save you thousands upon thousands of dollars over the life of your loan. However, this doesn’t mean that you should agree to a mortgage simply because the lender can offer
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Wells Fargo building in San Francisco. Source: CNBC Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its board of directors approved a previously announced dividend increase, to 35 cents per share from
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella appears at an event with senior officials and CEOs in the East Room of the White House in Washington on June 22, 2023. Chris Kleponis | CNP | Bloomberg | Getty Images Microsoft will report results for its fiscal fourth quarter
In this article WFC MSFT GOOGL SNAP RHI TDOC Follow your favorite stocksCREATE FREE ACCOUNT Visitors are seen at Google Headquarters in Mountain View, California, United States on May 15, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines after the bell. Alphabet — Shares of the Google parent
Are you prepared? That was the question that many in the travel industry asked following China’s surprise reopening announcement in the final days of 2022. Many assumed that a torrent of travelers would be lining up to venture outside of China after three years of harsh “zero-Covid” policies. Yet, many residents stayed home —
Andresr | E+ | Getty Images After years of low interest payouts, savings accounts now are paying higher yields, after a series of interest rate hikes from the Federal Reserve. But many Americans still aren’t getting the best rates for their cash. Despite inflation concerns, nearly 70% of middle-income Americans haven’t moved savings to higher-yielding
President Joe Biden speaks on July 25, 2023. Samuel Corum/Sipa/Bloomberg via Getty Images The White House on Tuesday forgave $130 million in student debt for 7,400 borrowers who attended CollegeAmerica, a now-defunct institution in Colorado that officials said misled borrowers about their loans and career prospects. These borrowers “were lied to, ripped off and saddled
Commercial leases for occupancy often require the tenant to pay a percentage of increases in real estate taxes imposed on the owner’s building, to the extent those taxes exceed the taxes in a base tax year. That base tax year is sometimes the tax year when the parties sign the lease, sometimes the next tax
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