China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said.
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In this article C Jane Fraser, CEO of Citigroup Citigroup Citigroup topped expectations for first-quarter profit and revenue on better-than-expected trading results as Wall Street benefited from surging volatility tied to the Ukraine war. Shares rose 2.6% in early trading. Here’s what the company reported compared with what Wall Street was expecting, based on a
In this article TSLA TWTR GS WFC UNH RAD MS WDC STX RENT IBM NKE Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a share to buy the social media company and
Elon Musk’s bid to acquire Twitter might have an undesirable side-effect for the billionaire: adding yet another large company to his jam-packed schedule. The Tesla and SpaceX CEO has offered to buy every Twitter share he doesn’t already own — 90.8% of the company — in a deal worth roughly $43 billion, according to a
In this article PFG Blackcat | E+ | Getty Images If your employer’s contributions to your 401(k) plan are a big part of your retirement planning, be sure you understand when that money will actually belong to you. Vesting schedules — the length of time you must be at an employer for its contributions to
U.S. President Joe Biden. Drew Angerer | Getty Images The Biden administration is moving to make it easier for people who claim they’ve been defrauded by their colleges to get their federal student debt forgiven. Since President Joe Biden has been in office, the U.S. Department of Education has canceled around $2 billion in student
After corporate tax revenue came in at a record high of $372 billion in fiscal year 2021, we have been eagerly awaiting the forecast for fiscal year 2022, which the Congressional Budget Office (CBO) normally publishes in January but now plans for the week of May 23rd. The White House has included a forecast in
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In this article AAL An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images The union that represents American Airlines‘ pilots sued the carrier in federal court Thursday to block a program that encourages aviators to help with
In this article WFC Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo posted first-quarter revenue that fell short of Wall Street estimates and said future credit losses are set to increase. However, the bank’s earnings last quarter topped estimates as loan
In this article XRP.CM= PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal
In 1992, years before Amazon had the capacity to deliver parcels to every home in America, billionaire philanthropist MacKenzie Scott’s life looked a lot different. Scott had just graduated from Princeton University, and moved to New York City in the hopes of becoming a novelist. Like many recent college grads, she struggled to pay bills.
The Good Brigade | Digitalvision | Getty Images A popular way to save for out-of-pocket medical expenses might be contributing to health-care inequality, new research suggests. Health savings accounts are tax-advantaged accounts available to Americans with high-deductible health insurance policies. Federal law established them in 2003. Since then, HSAs have grown quickly as employers have
Eakgrunge | Istock | Getty Images Less risk often means lower returns. But that’s not the case with I bonds, an inflation-protected and government-backed asset, which may soon pay an estimated 9.62%. I bonds currently offer 7.12% annual returns through April, and the rate may reach 9.62% in May based on the latest consumer price index data. Annual
A lot of college students have thought about launching a start-up, but many get stuck on the best way to do it — or what risks they’ll encounter. Starting your own business is always going to be a gamble. But if you can identify a need for a product or service, know your customer, have
After several rounds of negotiations, Georgia lawmakers enacted HB 1437 on April 4th. If certain financial conditions are met, this tax reform bill will consolidate the state’s six individual income tax brackets into one flat rate, ultimately reaching 4.99 percent over a number of years. The bill is awaiting action by the governor. As it
Peopleimages | Istock | Getty Images In just a matter of months, mortgage rates have surged from just over 3% for a 30-year fixed loan to just north of 5%. As potential homebuyers follow those figures, there is one thing they may be overlooking: their credit score. The three-digit number has a big impact on
All eyes will be on the FAANG stocks in the next 2 weeks but can they keep their momentum or will they disappoint? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
In this article NKE FDX WHR HPQ CRM NFLX AMZN The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits,
In this article MS A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022. Brendan McDermid | Reuters Morgan Stanley is set to report first-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.68 a share, 23% lower