Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that Amazon.com (AMZN) will announce an offer today to buy EA. Gap (GPS) – Gap rallied 6% in premarket trading after the clothing retailer reported an unexpected
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Student loan borrowers stage an Aug 25, 2022 rally in front of the White House to celebrate President Joe Biden canceling some federal student debt. Paul Morigi | Getty Images Entertainment | Getty Images As tens of millions of Americans process the news of federal student loan forgiveness, countless questions are emerging about how it
In this article F Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021. Yilei Sun | Reuters DETROIT – Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks
In this article SGEN PTON FTCH AFRM Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada. Ben Nelms | Bloomberg | Getty Images Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia,
Getty Images President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may still trigger a state tax bill. Most borrowers making less than $125,000 per year or $250,000 for married couples filing together will qualify
The U.S. Secret Service returned $286 million in fraudulently obtained pandemic aid loans to the Small Business Administration, the agency announced Friday. The funds sent back to the SBA were obtained via the Economic Injury Disaster Loan (EIDL) program using both fabricated information and stolen identities. The suspects used Green Dot Bank, a fintech institution,
‘House of the Dragon’ series logo displayed on a phone screen and HBO Max website are seen in this illustration photo taken on August 16, 2022. Jakub Porzycki | Nurphoto | Getty Images “Game of Thrones” prequel series “House of the Dragon” has been renewed for a second season, HBO said Friday. The announcement comes
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our
Ultra-wealthy buyers of supercars show no signs of slowing their spending despite recession fears, according to the CEO of Bugatti Rimac. Mate Rimac said demand for the company’s all-electric Rimac supercars and its combustion-engine Bugattis remains strong, and may even be accelerating. “We don’t see any slowdown at the moment, quite the opposite,” he said.
President Biden this week announced a long-awaited plan to forgive student debt for millions of borrowers — and criminals will likely leverage the news to steal from unsuspecting victims, the Federal Trade Commission warned on Friday. “Nobody can get you in early, help you jump the line or guarantee eligibility,” said a consumer alert issued
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Ben Rains dives into the stock market which fell after Jay Powell’s Jackson Hole speech where he reaffirmed the Fed’s resolve to fight 40-year high inflation. With surging prices still a major issue and the Fed determined to keep up its fight, investors might want to buy stocks poised to outpace inflation heading into September
Key Findings Property taxes are the primary source of tax collections at the local level, responsible for 72.2 percent of local tax revenue in fiscal year 2020 (the most recent year for which data are available). Once a significant driver of state budgets as well, their share of state collections has dropped to a mere
In this article PTON Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stick around for what he says will
In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Shares of the cloud data platform provider Snowflake popped more than 17% in extended trading on Wednesday after the company released second-quarter earnings that beat analysts’ revenue expectations. Here’s how the company did: EPS: Loss
In this article VSCO AMWL TDOC DG ELY DLTR Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit
Randi Zuckerberg says she’s a “big proponent of the real world” — especially when it comes to protecting children from technology. Speaking at the Credit Suisse Global Supertrends Conference in Singapore earlier this month, Randi Zuckerberg, who is founder and CEO of Zuckerberg Media, discussed worries among many that the metaverse will take children further
AntonioGuillem | Getty Images It’s something more than 40 million Americans have in common: They hold federal student loans. But the lending system is famously complicated, and these loans come with various names and terms depending on when they were taken out and for what purpose. What are usually just technical differences could now determine
President Biden’s announcement of student loan debt forgiveness is already raising many questions. How much will it cost? Who will benefit the most? How will it contribute to inflation? Does the president even have the legal authority to implement this loan forgiveness? Here’s one more question to add to the mix: will states consider student
In this article BBBY Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond said Thursday that it will soon share its turnaround strategy, as it burns through cash and tries