US Treasury Secretary Janet Yellen speaks during a meeting with business leaders and CEOs on the need to address the debt limit, on October 6, 2021, in the South Auditorium of the White House in Washington, DC. Nicholas Kamm | AFP | Getty Images Treasury Secretary Janet Yellen told CNBC on Friday the $1.75 trillion
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In this article AAPL Halfway through third-quarter earnings season, and there are two key catalysts: Demand is strong. Cost inflation and supply-chain issues are the main headwind, but companies are learning to navigate through them. In some cases, supply chain disruption has taken a serious toll. Apple CEO Tim Cook said supply chain issues had cost
Francesco Carta fotografo | Moment | Getty Images With inflation picking up faster than it has in more than three decades, investors are grappling with how to respond to the risk. Rising prices mean that a portfolio’s returns don’t mean as much, a reality that can hit retirees especially hard since they depend on their
Overconfidence is bad, and women are less likely to fall victim to it. Merrill was a guy, and so was Lynch. Goldman? A dude, and Sachs as well. Charles Schwab is a man, and so was E.F. Hutton. Gordan Gekko was an alpha male. And Jordan Belfort, the Wolf of Wall Street? Total bro. Heroes
Tourist sitting on a swing at a beach in Thailand. © Marco Bottigelli | Moment | Getty Images Come Monday, Thailand will be lifting quarantine restrictions for travelers from more than 40 countries — even though less than half its population has been fully vaccinated against Covid-19. As of Oct. 27, only about 42% of
In this article AAPL Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs. Apple fell over 4% in extended trading. “We had a very strong performance despite larger than expected supply constraints, which we estimate to
Employees pack crates with merchandise for orders at a Cainiao warehouse, the logistics subsidiary of Alibaba Group Holding, ahead of the company’s annual Singles’ Day shopping extravaganza in Wuxi, Jiangsu province, China, on Nov. 9, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — Alibaba is investing further in Europe for Singles Day this
Paige Montgomery with daughter Penelope Paige Montgomery Women have been disproportionately impacted by job loss during this pandemic, and mothers have been hit even harder. Since February 2020, the economy has experienced a decline of nearly 5 million jobs — and women account for 57.5% of those losses, according to the National Women’s Law Center.
Mayte Torres | Moment | Getty Images President Joe Biden has unveiled the framework for a proposed $1.75 trillion social spending and climate plan. But one key component — paid family and medical leave — has been nixed from the proposal. Biden had called for 12 weeks of paid leave as part of his American
An aerial view of the film set on Bonanza Creek Ranch where Hollywood actor Alec Baldwin fatally shot cinematographer Halyna Hutchins and wounded a director when he discharged a prop gun on the movie set of the film “Rust” in Santa Fe, New Mexico, U.S., in this frame grab taken from October 21, 2021 television
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report third-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: $8.92 per share, according to analysts
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, October 27, 2021. Brendan McDermid | Reuters Stock futures dipped in overnight trading Thursday as shares of major technology companies suffered following disappointing earnings reports. S&P 500 futures fell 0.2% and Nasdaq 100 futures traded 0.5% lower. Futures on the
Thirteen years ago, Tesla was regularly criticized for only “making toys for rich people,” as co-founder and CEO Elon Musk put it at the time. But Musk had a vision for the automaker’s eventual path toward affordable electric vehicles. And today, his predictions seem eerily accurate. On Tuesday, Tesla car owner membership group Tesla Silicon
President Joe Biden delivers remarks on his proposed Build Back Better social spending bill in the White House on Oct. 28, 2021 Chip Somodevilla | Getty Images News | Getty Images The White House issued a framework for a $1.75 trillion social and climate spending bill on Thursday — and would finance more than half
Tax reform should simplify the tax code. Instead, Congress is debating new ways to raise revenue that would make the tax code more complex and more difficult to administer. The new proposals—imposing an alternative minimum tax on corporate book income, applying an excise tax on stock buybacks, and, at one point this week, a tax
A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation. According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation’s expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market’s most popular investments. “There’s a whole series of bubbles going
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In this article BP.-GB Big Oil CEOs can no longer express doubt that burning of fossil fuels is a large contributor to climate change. Former BP CEO John Browne was way ahead of his time, though, as an oil CEO making renewable energy investments and reducing greenhouse gas emissions over 25 years ago. Now, as
In this article YUM Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong demand for KFC’s fried