Ben Rains dives into where the stock market stands in the back half of May as we close out the first quarter earnings season. The bulls remain in control of the market right now, and debt-ceiling positivity helped send stocks higher on Wednesday and Thursday. The great start to 2023 might have some investors nervous
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In this article JBLU AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The Justice Department has won a lawsuit to undo American Airlines‘ partnership with JetBlue
In this article FL Follow your favorite stocksCREATE FREE ACCOUNT A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker’s stock opened 24% lower Friday after it reported dismal fiscal first-quarter results and reduced its outlook just two months after
In this article DIS FL BE Follow your favorite stocksCREATE FREE ACCOUNT Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday. Bloom Energy — The clean energy stock jumped 5.1% following
Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBC The V-12 engine is dead. Long live the V-12. In the coming years, supercar companies like Lamborghini, Bentley and Rolls-Royce have all announced phase-outs of their V-12 engines as they roll into the age of hybrid and electric vehicles. In the meantime, they’re launching 12-cylinder
Getty The annual contribution limit for health savings accounts, or HSAs, will soon get a sizable boost due to inflation, the IRS announced this week. For 2024, the yearly limit for self-only HSA plans is rising to $4,150 from $3,850 in 2023, and the cap for family plans is jumping to $8,300 from $7,750. The catch-up
In this article EOCW Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation shows signs of cooling, some investors may be fearing the worst about a potential looming economic downturn. A recent survey from Nationwide finds more than two-thirds of respondents — 68% — expect a recession within the next six months. Meanwhile, 62% of
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Starting next week, the first of 8,000 Amazon employees will begin moving into one of two brand new 22-story towers in Arlington, Virginia. Move-in is expected to be complete by the end of the summer. Amazon’s HQ2, formally called Metropolitan Park, has many features that
In this article BOWL Follow your favorite stocksCREATE FREE ACCOUNT A Bowlero location at Chelsea Piers in New York City. CNBC A Bowlero executive publicly addressed the sprawling federal discrimination probe the company is facing for the first time Wednesday after it reported another quarter of what it called record-breaking growth. Brett Parker, the company’s
In this article MU TTWO BOOT BABA 6758.T-JP ZION Follow your favorite stocksCREATE FREE ACCOUNT Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Check out the companies making headlines before the bell Thursday. Walmart – Shares
Pocket money rose by more than inflation in the UK in the last year, and kids found ways to boost their income on top of that, a new report says. Agrobacter | Istock | Getty Images Despite a wider financial crunch in the U.K., British kids have reason to be cheerful with new data showing
JGI | Blend Images | Getty Images The IRS is preparing to test a free online direct filing system for some taxpayers — and while pre-populated returns with certain details already filled in aren’t part of the initial plan, research shows it may be possible for certain filers. As directed by the U.S. Department of
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Netflix saw its stock rise nearly 10% on Thursday after the streaming service unveiled details about its new ad-supported tier this week. The streaming service said it had 5 million monthly active users for its cheaper, ad-supported option
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company, while the
Lorie K. Logan, the newly appointed Federal Reserve Bank of Dallas president and chief executive, is pictured in this undated handout image, obtained on May 11, 2022. Dallas Federal Reserve | via Reuters Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at
Adrian Hallmark, CEO, Bentley Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter thanks in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more
Sen. Kirsten Gillibrand, D-N.Y., urges Congress to make child care affordable, pass paid leave, support care infrastructure, and raise the debt ceiling on May 17, 2023 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Many workers need to take leave at some point to address their own health needs or to
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO
In this article BBWI Follow your favorite stocksCREATE FREE ACCOUNT Bath & and Body Works entrance. Jeff Greenberg | Getty Images Bath and Body Works‘ stock jumped more than 10% in premarket trading Thursday after it beat fiscal first quarter earnings expectations and raised its guidance. While sales and net income fell year over year,
In this article BABA NVDA TTWO CINF PACW FDX Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, US, on Sunday, Feb. 19, 2023. Walmart Inc.’s profit forecast for this year fell short of analyst estimates, signaling more struggles for the worlds largest retailer after it was hammered by a surge in inventory.