Fizkes | Istock | Getty Images Stubborn inflation has driven households near the breaking point, but the pain of high prices has not been shared equally. By most measures, low-income households have been hardest hit, experts say. The lowest-paid workers spend more of their income on necessities such as food, rent and gas, categories that also
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Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It
These ETFs have a lot of exposure to tech giants that reported blockbuster results.
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. Here’s how the cybersecurity firm did versus Refinitiv consensus estimates for the
GetYourGuide CEO Johannes Reck. GetYourGuide German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel services in the summer, further an expansion into the U.S., and invest in large language models and other artificial intelligence tools. The Berlin-based company said Thursday it had raised the
Elon Musk is the wealthiest person in the world again. Michel Euler | AFP | Getty Images Elon Musk is the richest person in the world again, according to Bloomberg Billionaires Index’s updated figures Thursday. The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker
Halfpoint Images | Moment | Getty Images Americans’ confidence they can live comfortably in retirement has dropped the most since the global financial crisis in 2008, according to a recent report from the Employee Benefit Research Institute and Greenwald Research. One reason is high inflation, which has reduced both workers’ and retirees’ belief that their
Modern and luxury smart homes in Singapore, seen from above during a hot summer day at the Keppel Bay Yacht Marina area in the city centre. Tobiasjo | E+ | Getty Images Singapore’s private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Data from the Home
For several years, the terms shrink, retail crime and organized retail theft have echoed from the mouths of politicians, police officers, trade groups and the country’s most prominent retail executives. Politicians and police departments have sounded the alarm about rising retail theft, and are calling for stricter enforcement and prosecution to fight it. Trade groups
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images Salesforce reported an earnings and revenue beat and lifted its full-year guidance, but the stock dropped in extended trading as
In this article CRWD OKTA CRM AI CHWY PSTG JWN Follow your favorite stocksCREATE FREE ACCOUNT Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023. Scott Olson | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the high-end department store jumped 9%
Djelics | E+ | Getty Images During the past year, the rate at which Americans quit their jobs has steadily declined from a record high back to pre-pandemic levels — seeming to spell the end of the labor market trend that came to be known as the “great resignation,” labor economists said. The “quits rate”
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York. Newsday LLC | Newsday | Getty Images Mortgage rates shot higher last week, as stronger economic data stoked more fear that the Federal Reserve will not lower interest rates anytime soon. In turn, mortgage demand dropped
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In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. Joe Raedle | Getty Images American Airlines raised its adjusted earnings outlook for the second quarter thanks to strong travel demand and lower fuel prices. Adjusted per-share
In this article AAP Follow your favorite stocksCREATE FREE ACCOUNT Customer vehicles sit parked outside an Advance Auto Parts automotive supply store in La Grange, Kentucky. Luke Sharrett | Bloomberg | Getty Images Shares of Advance Auto Parts plummeted nearly 30% during premarket trading Wednesday after the company’s first-quarter earnings significantly missed Wall Street’s expectations
In this article AAP ABI-BE SOFI Follow your favorite stocksCREATE FREE ACCOUNT A vehicle pulls out of a parking space outside an Advance Auto Parts Inc. store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. SoFi — The financial services platform added nearly 7%.
French luxury group LVMH Chairman and Chief Executive Officer Bernard Arnault Eric Piermont | AFP | Getty Images While younger tech billionaires like Elon Musk, 51, and Mark Zuckerberg, 39, may dominate the wealth headlines, the majority of the world’s billionaires are over retirement age, according to a new study. The median age of the