United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024. Hyoung Chang | Denver Post | Getty Images United Airlines CEO Scott Kirby says he is optimistic about Boeing‘s recovery after meeting with the manufacturer’s new chief executive. It’s an upbeat
Month: August 2024
In this article EAT Follow your favorite stocksCREATE FREE ACCOUNT Chili’s Grill & Bar and restaurant entrance in Orlando, FL. Jeff Greenberg | Universal Images Group | Getty Images An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of
Fotostorm | E+ | Getty Images Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years. While many areas of the U.S. economy are dis-inflating — meaning their prices are still rising, though at a slower rate — some have been outright deflating. That means
Getty Images As their retirement nears, investors need to be aware of a threat known as the “sequence of returns risk” which could jeopardize their retirement nest egg. While this risk is often an overlooked and misunderstood problem for retirees, there are ways to minimize its negative impact, experts say. Also called “sequence risk,” the
The Inflation Reduction Act has generated many initiatives to cut drug costs for Medicare beneficiaries. So, it’s possible that those past the age of 65 and still working probably don’t care about any of them. However, the IRA may have created a dilemma. Will the drug coverage incorporated into the employer group health plan still
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services building in Washington, D.C., on Oct. 6, 2022. Anna Moneymaker | Getty Images The Biden administration on Thursday will release prices for the first 10 prescription drugs that were subject to landmark negotiations between drugmakers and
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Financial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a cashback offering that rewards users for shopping via its app. The
Pascal Broze | Onoky | Getty Images As investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly 60% of Americans wrongly think the U.S. is currently in a recession, according to a June survey of 2,000 adults from Affirm. While Goldman Sachs
Imagine this: You’re retired, lounging in your favorite chair, feet up, sipping something chilled as the sun sets. Your home is clean, everything is organized, the laundry is neatly folded, the trash has been put out for tomorrow’s pick up, and to make the day even better, you can smell your favorite meal being prepared.
In this article SBUX CMG Follow your favorite stocksCREATE FREE ACCOUNT Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Walmart logo is seen at store in Miami, United States on May 2, 2024. Jakub Porzycki | Nurphoto | Getty Images Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said. Slow economic growth and tight capital controls have concentrated
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50
Social Security celebrates its 89th birthday today, and there is much to celebrate. Social Security touches the lives of virtually every American. Almost 97 percent of the older population in the United States will receive Social Security benefits, averaging more than $1,800 monthly for retired workers. Social Security has evolved into one of the most
In this article Follow your favorite stocksCREATE FREE ACCOUNT A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York. Tiffany Hagler | Bloomberg | Getty Images Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies
In this article FLTR-GB DKNG Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs on the wall in the reception area at Fanduel Inc.’s offices in Edinburgh, U.K., on Tuesday, Feb. 7, 2017. Chris Ratcliffe | Bloomberg | Getty Images Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8%
Phoenix Wang | Moment | Getty Images Former President Donald Trump has touted a bold new idea for Social Security: ending taxes on benefit income. “Seniors should not pay tax on Social Security,” Trump wrote on July 31 in all capital letters on social media platform Truth Social, and repeated the point during an Aug.
Young adults in the U.S. have been skeptical about Social Security at least since the days when I was one of them. Today’s younger generations are no different, and that’s affecting their retirement planning. About 47% of non-retirees believe Social Security won’t pay them any retirement benefits, according to a 2023 Gallup survey reported in
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Just like Wall Street, Home Depot is closely watching the Federal Reserve’s next move. In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners have postponed moving
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