Experts predict the Federal Reserve likely will approve a quarter-percentage-point interest rate increase this week. This 0.25 percentage point hike will mark the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Consumers are now paying more to borrow while still
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The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty Images Elon Musk expects SpaceX to spend about $2 billion on its Starship rocket development this year, as the company pushes to build on its first
In this article JPM FRC Follow your favorite stocksCREATE FREE ACCOUNT A view of the First Republic Bank logo at the Park Avenue location, in New York City, March 10, 2023. David Dee Delgado | Reuters The Californian financial regulator took possession of First Republic Monday, resulting in the third failure of an American bank
In this article BZFD Follow your favorite stocksCREATE FREE ACCOUNT Jonah Peretti, founder and CEO of BuzzFeed, attends his company’s public debut outside the Nasdaq in Times Square in New York City, Dec. 6, 2021. Brendan McDermid | Reuters Corporate stories have ebbs and flows, ups and downs. To this point, BuzzFeed‘s journey as a
A decade ago, a person who walked into a restaurant in Seoul and asked for “han myung-I” —a table for one — could be declined service. That’s because restaurants in South Korea prefer groups of two or more, owing to a complex mix of local social dynamics, profit margins and simple logistics — a
In this article DGX LLY BIIB 4523.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Juanmonino | E+ | Getty Images Seniors with early Alzheimer’s disease will face major hurdles to get treated even if promising new drugs roll out more broadly in the coming years, putting them at risk of developing more severe disease as they
In this article MRK Follow your favorite stocksCREATE FREE ACCOUNT Medicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021. NurPhoto | NurPhoto | Getty Images Merck on Thursday reported first-quarter revenue and adjusted earnings that topped Wall Street’s expectations, despite
The Swiss National Bank has come into the spotlight following its assistance in UBS’ takeover of Credit Suisse. Bloomberg / Contributor / Getty Images The Swiss National Bank will hold its annual general meeting in Bern on Friday against a backdrop of protest over its action on climate change and its role in the emergency
People are seen at the entrance of the UBS office in London, Britain March 20, 2023. Henry Nicholls | Reuters After identifying the 10 best analysts on Wall Street of the past decade, here is a list of the 10 top research firms. To create this list, TipRanks analyzed every stock recommendation made by investment research
Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times that U.S. banks are packed with “bad loans” that will be vulnerable as “bad times
Olipop’s flavor lineup includes Orange Squeeze, Strawberry Vanilla, Classic Root Beer, Classic Grape, Vintage Cola, Cherry Vanilla, Ginger Lemon and Blackberry Vanilla. Source: Olipop Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves. Founder and CEO Ben Goodwin said
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock
The Amazon logo on a locker in Annapolis, Maryland, on February 2, 2023, ahead of earnings report. Jim Watson | AFP | Getty Images Check out the companies making headlines in premarket trading. Capital One — Shares were down 3.3% after disappointing quarterly earnings. The company earned an adjusted $2.31 per share, well below a
In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Some good news: Overall, fewer Americans are living paycheck to paycheck. As of March, the share of adults feeling stretched too thin fell to 60% from 62% in the previous month, according to a new LendingClub report. Many consumers have scaled back or picked up a
Starship launches for the first time on its Super Heavy booster from Texas on April 20, 2023. SpaceX The dust has settled in Texas, but the work to clean up after the world’s most powerful rocket and get the next one flying in a matter of months is already underway. Elon Musk’s SpaceX launched its
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on Dec. 10, 2021. Joe Raedle | Getty Images American Airlines posted a $10 million profit in the first quarter as it ramped up flying and a jump in revenue
As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to capture the gains from their outperformance. Matt Bartolini, the firm’s head of SPDR Americas research, finds three reasons why the backdrop is becoming particularly attractive. First and second on his list: valuations and earnings upgrades.
It’s never too early to start thinking about retirement. While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later. It also might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace with other income sources to
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors. As America’s cheapest