The Trump administration has already begun carrying out its plans to close parts or all of the Department of Education, which is responsible for underwriting student loans, disbursing college aid and ensuring equal access to education. President Donald Trump campaigned on a pledge to “find and remove the radicals who have infiltrated the federal Department of Education,” and suggested
Zoom In Icon Arrows pointing outwards EatOkra’s mobile app lists nearby Black-owned restaurants. Courtesy: EatOkra When Anthony Edwards Jr. and his then-girlfriend, Janique, first moved to Brooklyn in 2016, they struggled to find food that was comfortable and familiar to them. They explored their neighborhood, Edwards said, but had a hard time finding Black-owned restaurants
In this article 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Sony PlayStation game controllers are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty Images Shares in Sony Group surged as much as 10.7% Friday after the company raised its revenue and profit forecast for its
Based on a lot of the recent dire headlines, many Americans may have come to think of Social Security as an asset that is going to disappear from their financial future rather than be part of it, but it may be a bigger factor in portfolio success than it gets credit for, according to investing
Maria Korneeva | Moment | Getty Images As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit. After an infusion of funding, the agency said it aimed to more than double the audit rate for the wealthiest taxpayers. But the IRS’ future priorities are unclear amid changing
In this article PSX Follow your favorite stocksCREATE FREE ACCOUNT The Phillips 66 Los Angeles Refinery Wilmington Plant stands on November 28, 2022 in Wilmington, California. Mario Tama | Getty Images Company: Phillips 66 (PSX) Business: Phillips 66 is an energy manufacturing and logistics company. It operates through the following segments: Midstream, Chemicals, Refining, and
In this article MRNA Follow your favorite stocksCREATE FREE ACCOUNT The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand
Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms. That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer in the
Artistgndphotography | E+ | Getty Images As millions of Americans gather paperwork to file their returns, many could see a tax form for business payments “for the first time ever,” according to the National Taxpayer Advocate. For 2024, if you had more than $5,000 in business transactions from apps such as PayPal or Venmo, along
In this article ROKU Follow your favorite stocksCREATE FREE ACCOUNT Shares of Roku surged 14% Friday, notching a new 52-week high, on earnings that beat Wall Street expectations. In an interview on CNBC’s “Squawk Box,” CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku. Wood said the company
In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT U.S. President Donald Trump signs an executive order establishing the Energy Dominance Council led by Secretary of the Interior Doug Burgum in the Oval Office at the White House on February 14, 2025 in Washington, DC. President Trump signed a second executive order withholding federal
A customer at a food market in Palma, Mallorca, Spain. Andrey Rudakov/Bloomberg via Getty Images As economists ring alarm bells over the impact of President Donald Trump’s tariff policy on consumers and the U.S. economy, there’s a group of Americans who may benefit: tourists traveling abroad. That’s due to the impact of tariffs on the
Prapass Pulsub | Moment | Getty Images If you have a tax bill or bigger than expected refund this season, it may be time to update your paycheck withholding, which can be tricky, experts say. Typically, there’s a refund when you overpay taxes throughout the year, and a tax bill when you don’t pay enough.
Many retirees plan to spend their retirement savings quite frugally, according to a few recent reports and studies. For example, a recent survey report, To Spend or Not to Spend from Blackrock, shares that retirees prefer to keep their assets untouched and that just one in four survey respondents feel they need to spend the
Brown Girl Jane’s sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves. Courtesy: Brown Girl Jane Fragrance brand Brown Girl Jane’s perfume bottles sit on shelves at Sephora near some of the
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Brian Chesky, co-founder and CEO of Airbnb Inc., during a news conference in Los Angeles on May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb shares surged 14% and headed for their best day ever after the company reported stronger-than-expected fourth-quarter earnings. The
In this article DVA BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025. NYSE DaVita, a company that provides dialysis services, saw shares tumbling Friday after issuing a weak outlook amid rising care costs, while big investor Berkshire Hathaway offloaded some shares in
Sanja Radin | E+ | Getty Images It seems that love is in the air, and so is the spending as more people are apparently getting into the Valentine’s Day spirit this year. Americans shopping for their significant others are expected to spend $14.6 billion this year, according to the latest annual survey by the
Bad: stubborn prices increases. Surprisingly good these days: Your ability to outrun them. By William Baldwin, Senior Contributor Ugly truth about inflation: Once it gets started, it’s hard to stop. But there’s an auspicious element of what’s going on in the financial markets: Investors are much better equipped than they used to be to combat
A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than Merck‘s Keytruda in a clinical trial. The company, Summit Therapeutics, licensed the drug from Chinese company Akeso Inc. In October, a group of life science investors announced they were putting $400
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