Tom Cruise in “Top Gun: Maverick” Source: Paramount This weekend Tom Cruise has a chance to do something he’s never done before — open a film to more than $100 million at the domestic box office. The prolific actor, who has made a name for himself as a fearless stuntman, has generated more than $4.2
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Courtneyk | E+ | Getty Images More than $163 billion in benefits likely leaked from the unemployment system during the pandemic, with a “significant portion” attributable to fraud, according to a U.S. Department of Labor report. Congress created many new programs in March 2020 to support millions of people who lost their jobs from the
Bloomberg | Bloomberg | Getty Images One of the best car-shopping weekends pre-pandemic is more of a dud these days. Amid the auto industry’s manufacturing challenges due to persisting supply-chain issues, Memorial Day sales are generally minimal to nonexistent this year. “It’s looking pretty bleak, to be straightforward about it,” said Ivan Drury, senior manager
The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin, a technology-powered real estate brokerage. Price drops are becoming increasingly common, particularly in hot migration destinations. In Boise, Idaho, where home prices are up 62% in the past two years, 41%
Topline Stocks finished higher on Friday—capping off a solid rally this week that saw markets rebound from more than seven consecutive weeks of losses, as recession fears continued to subside in light of positive economic data showing inflation moderated slightly last month. Key Facts The Dow Jones Industrial Average rose 1.8%, nearly 600 points, while
In this article GPS ULTA URBN JWN M A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up their wardrobes and spending more on dressier
In this article BIG ADSK ULTA Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle — The stock dropped 4.2%
In this article BAC Ilkercelik | Istock | Getty Images The market volatility that’s gripped the markets for weeks has prompted some investors to ask, “Is this the bottom?” But waiting for the market low may prove elusive. “There’s no ‘the’ bottom,” said Chris Hyzy, chief investment officer at Merrill and Bank of America Private
Walgreens has been training and employing neurodiverse workers since 2007. “What we do know, from data and research, is that this is the highest unemployed demographic in the country,” Carlos Cubia, global chief diversity officer at Walgreens Boots Alliance, said of workers with disabilities. Justin Sullivan | Getty Images When Cornelia Quinn, co-founder of Go-Be,
When it comes to supply chain issues, frustrations are at an all-time high for consumers. Model and influencer Allison Weiss Brady has been furnishing her entire home for several years but everything has been delayed. From a toilet that never arrived to a seven-month wait for a storage piece, she’s reached a breaking point. “I
As you celebrate National Hamburger Day (May 28th) this Memorial Day Weekend, retirement is probably the last thing on your mind. But as the sizzling aroma of those grilling burgers captivates your nostrils, consider for a moment how your retirement is like a mouth-watering juicy hamburger. “A hamburger represents all you’ve achieved and accumulated from
The Supreme Court does not muck around with Tax Court decisions very much. So Boechler, P.C v, Commissioner of Internal Revenue has a small but passionate group of people excited. It was a unanimous opinion delivered by Amy Coney Barrett. She managed to work in a hat tip to the late Justice Antonin Scalia, whom
A For Sale sign is displayed in front of a house in Washington, DC. Stefani Reynolds | Afp | Getty Images Sharply higher mortgage rates have caused a sudden pull-back in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. The supply of homes for sale jumped
Alibaba, whose headquarters are pictured here on May 26, said its online physical goods GMV in China, excluding unpaid orders, fell further in April, with a “low teens” decline from a year ago. Str | Afp | Getty Images BEIJING — Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth
In this article DELL COST WEED-CA HIBB BIG PDD Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a larger-than-expected slump in comparable-store sales and issued cautious full-year
The $28.5 million mansion that recently hit the market in Boca Raton, FL located at 2633 Spanish River Rd. Danny Petroni Ultra-high-end real estate in Boca Raton, Florida, is on a stratospheric rise, breaking record sale prices every year for five consecutive years. And the price per square foot of the town’s top-end homes is now
Thomas Barwick | Digitalvision | Getty Images Retirees have rejoined the labor force at a steady clip in recent months, attracted by a hot job market and reduced Covid health risks. This “un-retirement” trend could help increase the available pool of workers and ease the hiring challenges businesses have reported. As of April, 3.3% of
Mortgage interest rates have increased by over two and a half percentage points from their low in early 2021 to recent quotations. Higher mortgage rates have historically dampened sales of housing. Could the increased number of cash buyers make home sales less sensitive to rising mortgage rates in this cycle? Actually not. Cash buyers have
Topline With stocks on track for one of their worst years in recent history amid concerns around persistent inflation, rate hikes from the Federal Reserve and rising recession risks, top firms on Wall Street say investors should turn to defensive stocks with stable margins and cash flow that should be able to weather a bear
A new report from the nonpartisan Congressional Budget Office shows that the amount of money spent by the federal government each year to service our national debt is on track to reach unprecedented highs within the next 10 years. These findings should give Congressional Democrats renewed urgency to pass a reconciliation bill that reduces federal
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