andresr | E+ | Getty Images Medicare may seem like a maze when you first try to navigate it. After all, there are different “parts” to the federal health insurance program, which provides coverage for about 56.5 million individuals in the 65-and-older crowd. And, whether you’re reaching the eligibility age of 65 or you are
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Oleksandr Usyk celebrates with a flag of Ukraine after his heavyweight boxing victory over Britain’s Anthony Joshua in Jeddah, Saudi Arabia. Francois Nel | Getty Images Sport | Getty Images Oleksandr Usyk took a second consecutive victory over Anthony Joshua to defend his unified WBO, WBA and IBF world heavyweight titles over the course of
In this article NVAX A box of the Novavax Covid-19 vaccine arranged at a pharmacy in Schwenksville, Pennsylvania, US, on Monday, Aug. 1, 2022. Bloomberg | Bloomberg | Getty Images Biotechnology company Novavax announced on Friday that its Covid-19 vaccine has been authorized for emergency use by the U.S Food and Drug Administration for adolescents
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX rode the crypto craze to a billion dollars in revenue last year while
kate_sept2004 | E+ | Getty Images The youngest workers entering the workforce — Gen Z, who range in age from 10 to 25 — showed dramatic adoption of individual retirement accounts, according to second quarter data released by Fidelity Investments this week. Fidelity IRAs owned by that generation increased 87% over the second quarter of
Wouldn’t it be nice if your kid grew up to become an entrepreneur? Entrepreneurs, in my view, are not just founders of for-profit businesses. They are resilient, hard-working people who start something, who come up with ideas and bring them to life, and who turn passion into projects. As research for my book, “Raising an Entrepreneur,” I interviewed 70 parents
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for the second
In this article MASI Dobrila Vignjevic | E+ | Getty Images Company: Masimo (MASI) Business: Masimo is a global medical technology company that develops, manufactures and markets a variety of noninvasive monitoring technologies and hospital automation solutions. Their core business is measure-through-motion and low perfusion pulse oximetry. They sell highly technical pulse oximeter devices to
Impulse buys can quickly erode even the best financial plans. And yet, between sponsored posts on social media and “revenge spending,” they are nearly impossible to avoid. As the cost of living surges and more Americans say they are stretched too thin amid concerns about a possible recession, they’re dipping into their cash reserves and nearly half are falling
“Ghost guns” seized in federal law enforcement actions are displayed at the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) field office in Glendale, California on April 18, 2022. Robyn Beck | AFP | Getty Images With new federal regulations set to take effect on so-called ghost guns next week, businesses that sell the untraceable
In this article OXY BRK.A Warren Buffett at press conference during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped10% on the news to close at $71.29 apiece, pushing their 2022 gains
In this article FTCI Srdjanpav | E+ | Getty Images The Federal Trade Commission announced this week that it would send thousands of checks totaling more than $822,000 to student loan borrowers who lost money in a debt-relief scam. More than 14,500 consumers who paid money to a company that operated under the name Student
“We are a four-generation household,” said Jason Fitzgerald. Fitzgerald, 45, and his wife, Rachel Zack, 41, bought a house with Rachel’s parents Beverly and Arthur Zack, who are in their 70s, and Rachel’s 98-year-old grandmother Lillian, who goes by “Bubbie.” The home has six bedrooms, with five full and two half bathrooms. They all live
In this article WMT Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on Friday told employees that it will expand abortion and related travel coverage, according to an internal memo.
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX, the crypto exchange controlled by Sam Bankman-Fried, received a cease-and-desist warning on Friday
U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden‘s sweeping tax, health and climate package — adds a
Getty Images As Generation X edges closer to retirement, inflation appears to be weighing more heavily on that age group than other adults. Compared with millennials (ages 26 to 41) and baby boomers (ages 58 to 76), a larger share of Gen Xers (ages 42 to 57) are concerned about the nation’s economic outlook, maintaining
As the severity, intensity and frequency of climate disasters increase, preparation is becoming more crucial than ever to protect lives, as well as infrastructure, businesses and local economies. One high-tech forecasting company is now stepping up, offering hyper-detailed weather prediction and pre-storm strategy plans, right down to a city block. Boston-based Tomorrow.io already boasts clients
Ben Rains explores where the stock market and the economy stand as Q2 earnings season winds down and Wall Street wrestles with what’s next for inflation and interest rates. Amid the continued unknowns and following the huge comeback off the mid-June lows, investors might want to consider buying top-ranked stocks that pay solid dividends and
Stefanie Smith | CNBC Warner Bros. Discovery‘s HBO Max is removing 36 movies and TV series from its platform. There are three main reasons why it’s happening. The films and series − which include 20 original HBO Max shows such as teen drama “Generation,” and “Sesame Street” spinoff “The Not-Too-Late Show with Elmo” − will