In this article AEO A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle Outfitters announced Wednesday that its business is pacing ahead of its expectations for the fiscal first quarter, as stimulus checks and pent-up demand are fueling sales of jeans, dressier
In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares were falling around 1% in premarket trading. The big-box retailer reaffirmed
In this article COST DELL COIN AEO Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: American Eagle — The teen apparel retailer’s stock rose
Billionaire bitcoin bull Mike Novogratz said Wednesday that the cryptocurrency industry remains in its early days, as he predicted the wealth it generates will continue to proliferate in the years ahead. “Right now, total crypto wealth is roughly $2 trillion, so that’s one half of 1% of all wealth,” Novogratz said on CNBC’s “Squawk Box.”
From the moment he arrived at the federal prison complex in Butner, North Carolina, on July 14, 2009, until his death Wednesday, Bernard Madoff was more than just inmate No. 61727054. Fellow inmates reportedly sought him out for financial advice. Academics, attorneys and journalists clamored for his insights on the epic fraud he carried out.
SelectStock | Getty Images The U.S. government has issued a new set of $1,400 stimulus checks, and this time Veterans Affairs beneficiaries were included. The latest round marks the fifth batch of direct payments sent since the $1,400 checks were first authorized by Congress through the American Rescue Plan Act in March. The latest payments
Cities and states have increasingly been offering moving incentives to entice new residents in recent years and the pandemic has prompted more governments to get into the game. West Virginia became the latest place to do so this week and it’s offering one of the largest incentives yet: $12,000 cash to relocate to the “Wild
Outside, it’s part private park, part sanctuary. Inside, it’s an elegant, designer hideaway worthy of a magazine centerfold. Altogether, it’s a compound for the ages and the latest trophy to hit a surging luxury real estate market in Montecito, Calif. Called Mira Vista, the sprawling estate of more than 28 acres listed for sale last
You may have heard of the term “gamification.” It means what it sounds like: taking an everyday activity and turning it into a game, or at least something fun. Mary Poppins did this when she reframed the boring mundane chore of cleaning up one’s room into a delightful spoonful of sugar. It’s true. “In every
Johnson & Johnson COVID-19 vial and box seen at a vaccination site. Doses of the Johnson & Johnson vaccine are being administered throughout the state of Florida despite a small number of patients who have experienced adverse reactions, including blood clots. Paul Hennessy | LightRocket | Getty Images Centers for Disease Control and Prevention data
In this article JPM JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $3.10 per share, almost 300%
Here are some of the companies making headlines in premarket trading: Goldman Sachs (GS) — Goldman shares rose more than 1% in premarket trading after the company’s first-quarter results handily topped Wall Street’s expectations. The bank earned $18.60 per share, compared to the $10.22 per share expected by analysts surveyed by Refinitiv. Revenue came in
Traveling abroad is getting less complicated for vaccinated travelers. A growing list of countries is reducing or eliminating quarantine and Covid-19 testing requirements for those who have been fully vaccinated, while keeping restrictions in place for those who haven’t. Where vaccines are easing travel restrictions Barbados announced this week that quarantine requirements for vaccinated
The company’s first commercial satellite. Astranis Astranis, a San Francisco-based company with an alternative approach to providing internet access from satellites, secured new funding to ramp up production. The company raised $250 million at a $1.4 billion valuation, Astranis CEO John Gedmark told CNBC, in a round led by BlackRock and joined by new investors
Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable course through retirement, choosing smaller,
College students searching for summer gigs are in for a shock. The Covid pandemic, of course, hit this group especially hard. Last summer, the unemployment rate for 16-to-24 year olds was 18.5%, about twice as high as the year before. Roughly 47% of young people were employed in July 2020, down from 56% a year
When President Joe Biden signed the $1.9 trillion-dollar American Rescue Plan last month, he launched a new and improved Child Tax Credit. The Child Tax Credit has been around since the Clinton Administration, yet this new version may have a positive effect on Americans who have been trying to find financial stability through the Covid-19 pandemic.
Corey Burr is Senior VP of TTR Sotheby’s International Realty. Selling your home is often an emotional experience, especially if you’ve lived in it for an extended period of time. For a variety of reasons, sellers are often deeply attached to the place they’ve called home for years. That is wonderful, but it’s critically important that
Caveat Emptor: This piece is not about the fairness of our tax system. This is a simple analysis of the proposed business tax plans in DC at the time of this piece. Draw your own conclusion about the fairness of the tax system, and who should pay what. It seems very likely tax increases will
Combination: Jeff Bezos (L), Elon Musk (C) and Bill Gates (R). Reuters Climate change appears to be high on the agenda for tech billionaires like Elon Musk, Jeff Bezos and Bill Gates but some are questioning whether they’re focusing their efforts on the right areas. Broadly speaking, the three richest tech billionaires — who rank