Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. Michael Nagle | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your
Month: August 2024
Alistair Berg | Digitalvision | Getty Images The Biden administration’s new affordable repayment plan, known as SAVE, may be on hold for months —or longer — amid a slew of legal challenges. The White House says roughly 8 million people are enrolled in SAVE, or the Saving on a Valuable Education plan. Here are a
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. Mike Blake | Reuters Warner Bros. Discovery CEO David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs,
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media.
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — One of China’s highest-traffic ports, Ningbo-Zhoushan, reported an explosion on board a container ship on Friday afternoon, according to state news agency Xinhua. No casualties or injuries were announced
President Joe Biden visiting a library in Culver City, California, on Feb. 21, 2024. Irfan Khan | Los Angeles Times | Getty Images As the Biden administration prepares to forgive the student debt of tens of millions of borrowers — a move experts say could happen as soon as October — it has issued new
It’s a common problem these days, with nearly one in seven older people diagnosed with some kind of dementia. These folks lose their financial judgment early in the process of cognitive decline. Caring family members get alarmed, and try to reason with their impaired elder. That leads to conflict, as reason fails. Is there a
In this article MSFT CRWD DAL Follow your favorite stocksCREATE FREE ACCOUNT A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Kevin Carter | Getty Images Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass
In this article ELF Follow your favorite stocksCREATE FREE ACCOUNT Courtesy: e.l.f Beauty E.l.f. Beauty‘s growth story is still going. The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The company’s sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. That
In this article .VIX Follow your favorite stocksCREATE FREE ACCOUNT Investors may want to consider bonds to help navigate the market’s recent volatility. Joanna Gallegos, BondBloxx co-founder and CEO, recommends prioritizing income and high-yield bonds. “It can be really important to start looking at fixed income as you start to diversify and manage more risk,”
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 8, 2024. Brendan McDermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.
With college more expensive than ever and a new financial aid application that’s been problematic from the start, families are, understandably, having a hard time figuring out how to pay the tab. As a new academic year gets underway, more students and their parents are turning to a familiar resource: student loans. How families pay
The Inflation Reduction Act is keeping drug plan sponsors, pharmacies, Medicare educators and anyone who works with Medicare drug plans very busy. So far, the IRA has: Dropped any cost sharing for Part D vaccines Capped insulin costs at $35, and Eliminated the 5% Catastrophic Coverage coinsurance. Many more changes are coming. The biggest one
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Robert K. “Kelly” Ortberg is the Boeing’s new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing’s Board of Directors. Courtesy: Boeing Aerospace veteran Robert “Kelly” Ortberg becomes Boeing‘s new CEO on Thursday with a singular mission: restoring the
Eli Lilly on Thursday reported a home-run quarter fueled by sales of its blockbuster obesity and diabetes drugs, quieting any lingering investor concerns in the stock. Revenue in the second quarter jumped 36% year over year to $11.3 billion, easily topping expectations of $9.92 billion, according to estimates compiled by LSEG. Adjusted earnings per share
Traffic_analyzer | Digitalvision Vectors | Getty Images Financial services companies and their digital technology suppliers are under intense pressure to achieve compliance with strict new rules from the EU that require them to boost their cyber resilience. By the start of next year, financial services firms and their technology suppliers will have to make sure
Passers-by are reflected on the window of a Dolce & Gabbana luxury fashion house boutique displaying their new perfume for dogs called ‘Fefé’ in central Rome, on August 8, 2024. Dolce & Gabbana has launched a new alcohol-free dog fragrance certified suitable for animal use called “Fefé” in honor of Domenico Dolce’s pet. (Photo by
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industryinsights report from TransUnion. Credit card delinquency rates are also higher
Westend61 | Westend61 | Getty Images A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software
In this article Follow your favorite stocksCREATE FREE ACCOUNT 15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) Karl-Josef Hildenbrand | Picture Alliance | Getty Images German industrial technology giant
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