Earlier this year, a family member had a screening colonoscopy. He’d seen the news stories about the Affordable Care Act mandating no out-of-pocket costs, such as co-pays or a deductible. So if this test is supposed to be “free,” why did he get a bill? This isn’t the first time I’ve heard of people receiving
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for
Rudi_suardi | E+ | Getty Images Americans have seen their buying power rise for a year amid falling inflation and a strong job market, which might be welcome news for households struggling to afford everyday purchases. The average worker in the private sector saw their real hourly earnings grow 0.8% from May 2023 to May
Fg Trade | E+ | Getty Images Generation X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study. While millennials and members of Generation Z are expecting the biggest inheritances in the coming years as baby boomers pass down their fortunes, Gen
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm’s plans. The new long/short equity fund, to be launched later this year or early
Andresr | E+ | Getty Images With trillions of dollars in tax breaks scheduled to expire after 2025, financial advisors are working with clients to prepare for the looming tax cliff. Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017, or TCJA, included lower federal income tax brackets, bigger standard
Retirement waits for no one; it’s coming fast for the youngest Baby Boomers and oldest Gen-Xers. The stark reality is that many people are not ready, and studies show that more than half of us wish we’d saved more and had a solid retirement plan. With retirement looming, financial stress is a constant companion for
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues including the grounding of the 737 MAX 9 planes. Tom Williams | Cq-roll Call, Inc.
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Elizabeth Warren is accusing Fed Chair Jerome Powell of doing the financial
Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still remain high for quite some time. As of May, customers were paying, on average, $760 a month for an auto loan, according to Moody’s Analytics.
In this article MRK Follow your favorite stocksCREATE FREE ACCOUNT Zoom In Icon Arrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the
In this article ZE594-CN BYDDY BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China’s biggest electric vehicle maker.
A customer shops at a Safeway store on June 11, 2024 in Mill Valley, California. Justin Sullivan | Getty Images The rate of price increases for food has subsided in recent months, according to the latest government inflation data. However, shoppers still report feeling burdened by the prices they’re seeing in the grocery store aisles.
Medicare Advantage plans are popular. They’re estimated to have enrolled more than half of Medicare beneficiaries for the first time in 2024. But changes are underway. Those enrolled in Advantage plans or considering them need to pay careful attention when evaluating plans in this fall’s open enrollment season. There could be significant modifications to existing
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT A pharmacist holds boxs of Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023. George Frey | Bloomberg | Getty Images Skyrocketing demand for a class of weight loss and diabetes treatments has
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop shares dropped to session lows Monday after the company’s highly anticipated annual meeting
In this article XLK Follow your favorite stocksCREATE FREE ACCOUNT The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Tyrone Siu | Reuters Nvidia‘s blistering rally will force a major tech fund to acquire more than $10 billion worth of shares of the chip giant
The Federal Reserve left rates unchanged last week and signaled that only one cut is expected before the end of the year. That means anyone who carries a balance on their credit card won’t be getting much of a break from sky-high interest charges. “Consumers need to understand that the cavalry isn’t coming anytime soon,
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Department of the Treasury and the IRS on Monday unveiled a plan to “close a major tax loophole” used by large, complex partnerships, which could raise more than an estimated $50
In this article ADSK Follow your favorite stocksCREATE FREE ACCOUNT Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over