Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until
Grashalex | Istock | Getty Images I started working on Wall Street in the late 1990s, and it was the heyday of the initial public offering fever. Those IPOs peaked in 2020. To that point, there were 480 IPOs on the U.S. stock market in 2020, which was an all-time record. This was 106.9% more
Gilaxia | E+ | Getty Images Humans use mental shortcuts in everyday life to help process information and make speedy decisions. But they can lead to bad choices when it comes to personal finance. Some of those poor outcomes are the result of “anchoring bias,” which can undermine a consumer’s rational thinking. This cognitive bias
A real estate agent shows a prospective buyer a home as he shops for a house in Coral Gables, Florida. Joe Raedle | Getty Images The average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week, but demand for mortgages didn’t move much. Total mortgage application volume increased 0.5%
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California. Mario Tama | Getty Images Novo Nordisk on Tuesday sued five medical spas and wellness clinics for allegedly selling cheaper, unauthorized versions
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic
Daniel Grill | Tetra Images | Getty Images The start of the year was plagued by waves of layoffs: through the end of May, companies announced plans to cut 417,500 jobs, up 315% from the same period last year, according to Challenger, Gray & Christmas. Big names like Disney, Google, Lyft and Meta were among
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In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond is working on another last-ditch effort to keep one of its chains alive. The retailer said
In this article RIVN GS CAR XOM NKE DICE BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs — Shares declined 2.2% in midday trading.
Erin M. Collins, National Taxpayer Advocate Source: IRS After a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the tax break. The employee retention credit, or ERC, was created to support small businesses during the Covid-19 pandemic. There’s still time to amend returns and
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT When Amazon first announced plans for a second corporate headquarters in 2017, it set off an epic bidding war. Virginia beat 237 competitors to win the project, and when it finally opened last week in the Crystal City section of Arlington, Virginia Gov. Glenn Youngkin
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Chief Executive Officers of pharmaceutical companies testify before the Senate Finance Committee on “Drug Pricing in America: A Prescription for Change, Part II” February 26, 2019 in Washington, DC. From left to right are Richard A. Gonzalez, chairman and CEO of AbbVie Inc; Pascal Soriot, executive director and CEO of AstraZeneca; Giovanni Caforio, chairman of
In this article WBD PM CAR DICE BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Alibaba — U.S.-listed shares fell 2.3% after the
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT A folk artist paints eyes of a dragon on a dragon boat to prepare for the Dragon Boat Festival on May 27, 2023 in Dongguan, Guangdong Province of China. Vcg | Visual China Group | Getty Images This report is from today’s CNBC Daily Open,
Hush trips may be getting harder to pull off. Some companies are getting strict about their return-to-office policies, and it’s not as easy to slip away for a workcation without notifying the boss. In the past year, nearly one in 10 workers embarked on a hush trip, according to a survey of 1,010 full-time workers
In this article 8001.T-JP 8058.T-JP 8002.T-JP 8031.T-JP 8053.T-JP BRK.A Follow your favorite stocksCREATE FREE ACCOUNT General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Hector Retamal | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open
Jim Casselberry, Known Source: Known Black people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive. Veteran portfolio manager Jim Casselberry is trying to do something about that, using his four decades of investing experience to help bridge the gap for people of color and the Indigenous