Artistgndphotography | E+ | Getty Images Most Americans see climate change as a major threat. But income level seems to guide one’s willingness or ability to live a greener lifestyle. Fifty-nine percent of high-income consumers always or often choose sustainable products, whereas that’s true for only 44% and 42% of mid- and low-income households, respectively,
James Romano trims flower while working in the CommCan processing facility in Medway, Massachusetts, Oct. 27, 2021. Erin Clark | Boston Globe | Getty Images The U.S. Department of Health and Human Services has recommended reclassifying marijuana as a lower-risk drug, which would in turn ease restrictions on the budding business, a spokesperson for the
Enrique Lores, CEO, HP Scott Mlyn | CNBC Shares of HP fell more than 8% Wednesday morning after the printer and PC-maker released fiscal third quarter earnings that underwhelmed Wall Street. HP reported $13.2 billion in revenue, down from the $13.37 billion expected by analysts, according to Refinitiv. Earnings per share came in line with
Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Bloomberg | Bloomberg | Getty Images What do toothpaste, deodorant, soap, cameras, computers, gasoline, heating oil, jet fuel, car tires, contact lenses and artificial limbs have in common? If oil vanished today, these and
eclipse_images | E+ | Getty Images So-called junk fees can be tricky. The Consumer Financial Protection Bureau has been scrutinizing some banking fees, including those for overdrafts and non-sufficient funds, that can catch customers by surprise — and are “likely unfair and unlawful,” according to the agency. The consumer watchdog proposed a rule prohibiting financial institutions from charging certain fees on
State Attorney General Letitia James seen during public safety announcement to prevent gun violence at City Hall, July 31, 2023. Lev Radin | Pacific Press | Lightrocket | Getty Images New York’s attorney general asked a judge Wednesday for a partial summary judgment against Donald Trump in her $250 million lawsuit accusing the former president
In 2017, Congress made several permanent changes to the taxation of foreign earnings. These changes included an end to the unlimited deferral of foreign earnings from U.S. taxable income and the introduction of new anti-avoidance rules alongside a dividends-received deduction for corporations. A major case pending before the U.S. Supreme Court (Moore v. United States)
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Mark Thompson speaks during the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Mark Thompson is stepping in as the next CEO and chairman of CNN. Parent company Warner Bros. Discovery said Wednesday it appointed Thompson as the next leader
In this article BF.B Follow your favorite stocksCREATE FREE ACCOUNT Jack Daniel’s Tennessee Whiskey Getty Images Jack Daniel’s maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led
The logo of printer manufacturer HP is seen during an event. Paco Freire | LightRocket | Getty Images Check out the companies making headlines in midday trading. HP — HP dropped 7% in midday trading after reporting a fiscal third-quarter revenue miss. Late Tuesday, the PC maker reported quarterly revenue of $13.20 billion, lower than
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle of Omaha” turned 93 Wednesday, his conglomerate is stronger today than it’s ever been. Berkshire shares have roared back to an all-time high on record
The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Biden administration announced on Wednesday it would forgive $72 million in student debt for more than 2,300 borrowers who attended Ashford University. The aid will go to students from the online for-profit school based in San Diego,
An aerial picture taken on October 1, 2022 shows a broken section of the Pine Island Road and destroyed houses in the aftermath of Hurricane Ian in Matlacha, Florida. Ricardo Arduengo | AFP | Getty Images Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Some home
In this article UAA Follow your favorite stocksCREATE FREE ACCOUNT Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018. Scott Mlyn | CNBC Under Armour’s founder Kevin Plank forged an unusual relationship with television anchor Stephanie Ruhle that included trips on his private jet, access
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019. Bloomberg | Getty Images While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. The privately held Danish toymaker saw revenue rise 1% during the first six
US Commerce Secretary Gina Raimondo (C) talks to US Ambassador to China Nick Burns (L) as they head to a meeting with Chinese Premier Li Qiang at the Great Hall of the People in Beijing on August 29, 2023. Andy Wong | Afp | Getty Images BEIJING — U.S. Commerce Secretary Gina Raimondo has called
An estimated 48 million Americans are caring for someone over the age of 18. Many of them are family members caring for an elderly parent or older relative — and the value of that unpaid care is estimated at about $600 billion dollars a year, according to a recent report by AARP. Daphne Taylor, Debbie
Houses in England. Christopher Furlong | Getty Images News | Getty Images LONDON — The number of houses sold in the U.K. this year is set to reach the lowest annual figure since 2012, real estate company Zoopla found in its latest house price index released on Wednesday. The report shows an estimated 21% decline
Bermuda, long celebrated for its pristine beaches and offshore financial services, is embarking on a journey to recalibrate its tax mix. Spurred by the OECD’s Pillar Two initiative, the island will introduce its first-ever corporate income tax in 2025. At first glance, supporters of the OECD’s global tax deal may see this development and declare