Aj_watt | E+ | Getty Images A recent Social Security report showed a strong economy has helped the program. Still, Social Security’s trust funds may be depleted in the next decade, if no changes happen sooner. Many Americans have a misplaced worry that benefits will disappear. “The biggest myth about Social Security is that when
Month: May 2024
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Drew Angerer | Getty Images Boeing shareholders voted to re-elect the outgoing CEO Dave
D3sign | Moment | Getty Images As the affordable options and relief measures for federal student loan borrowers pile up, consumer advocates advise caution before refinancing your debt. “How’s this for a warning? DON’T!” Betsy Mayotte, president of The Institute of Student Loan Advisors, wrote in an email to CNBC. Refinancing your federal student loans turns
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Stellantis‘ Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced
The bulls got what they wanted this week: cooler inflation data and record highs. The Dow Jones Industrial Average on Friday closed above 40,000 for the first time, capping off a 1.24% advance for the week. The S & P 500 and Nasdaq Composite , meanwhile, closed at all-time highs Wednesday, fueled by cooler-than-expected inflation
In this article ETH.CM= BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the
A voter casts her ballot in the Pennsylvania primary elections at the Rockledge Fire Company in Rockledge, Pennsylvania, May 17, 2022. Hannah Beier | Reuters Older women are the largest bloc of swing voters — and the biggest concern they have heading into the November election is their financial security, according to the AARP. Most
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. It was another bad news is good news week for Wall Street, with both weaker-than-expected reports pointing to further disinflation — which is key to any hopes of the Federal Reserve cutting interest rates in
Former President Donald Trump speaks during a campaign rally in Wildwood Beach on May 11, 2024 in Wildwood, New Jersey. Michael M. Santiago | Getty Images News | Getty Images Most Americans have paid lower income taxes since 2018 — and trillions in tax breaks will sunset next year without action from Congress. Enacted by
Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty Images Media giants relied on sports last year when they had to woo advertisers
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Karl-Josef Hildenbrand | Picture Alliance | Getty Images German technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed. The company’s industrial profit
In this article .DJI Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. The 30-stock benchmark broke above 40,000 for the first time. The move comes as investors
In this article NRDS UAL Follow your favorite stocksCREATE FREE ACCOUNT Klaus Vedfelt | Digitalvision | Getty Images If you plan to spend money on travel as the days get longer, sunnier and warmer, be careful: It could leave you with high-interest debt you will still be paying off through the fall and winter. Almost
In this article ULCC Follow your favorite stocksCREATE FREE ACCOUNT A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Feb. 27, 2020. Elizabeth Page Brumley | Tribune News Service | Getty Images Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from
A major expense of many retirees and pre-retirees has been increasing rapidly, but it isn’t included in the Consumer Price Index and doesn’t affect reported inflation. You’re probably aware of how auto insurance premiums increased rapidly the last few years. That substantially increased the cost of owning and operating vehicles and contributed to a higher
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks were flat on Friday, a session after the Dow hit above the 40,000 mark for the first time. The Nasdaq Composite and S & P 500 also notched
In this article HBI DRI WMT Follow your favorite stocksCREATE FREE ACCOUNT Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns they’ll be hard to keep. “The Walmart experience is better than it used
Wagnerokasaki | E+ | Getty Images When the U.S. Department of Education released the new interest rates on federal student loans this week, there was some unpleasant news for parents. So called Direct PLUS loans for parents will come with a 9.08% interest rate for the 2024-2025 academic year — the highest rate for parents
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The
The leading edge of Gen X and the youngest Baby Boomers are staring down a short road toward retirement. Some are starting to hear tales from those who have crossed over to the other side — from full-time professional to full-time retiree — and wondering how they will hack life after work. Shaking his head
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