In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton managed to turn a gross profit off of its pricey
In this article RACE-IT RACE Follow your favorite stocksCREATE FREE ACCOUNT Car key for the Ferrari Purasangue SUV Adam Jeffery | CNBC Ferrari topped Wall Street’s top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits for the luxury sports car manufacturer. The automaker reported a net profit
In this article TLT Follow your favorite stocksCREATE FREE ACCOUNT Long-term yields might be the best bond investment this year, according to one exchange-traded fund expert. “The iShares 20-year Treasury ETF (TLT) will get the biggest bang for its buck [and] some of the intermediate-term products like the Vanguard Intermediate-Term Corp Bond (VCIT) will get
Mark Cuban’s sale of his majority stake in the Dallas Mavericks caught many by surprise. The billionaire investor says he did it because a new way of making money has taken rise in the NBA — and it’s not one he’s well versed in. The $3.5 billion deal between Cuban and the family of casino
J_art | Moment | Getty Images House lawmakers on Wednesday night passed a $78 billion bipartisan tax package, including a child tax credit expansion that could benefit millions of children in low-income families, according to policy experts. If enacted, the bill would expand access to the child tax credit, or CTC, and retroactively boost the
Recep-bg | E+ | Getty Images Rent costs are beginning come down after record-high asking prices. “Rental markets are cooling, but in a lot of places, it doesn’t mean they’re falling. It means they’re growing at a slower pace,” said Whitney Airgood-Obrycki, senior research associate focused on affordable housing at the Joint Center for Housing
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. Fred Kfoury | Icon Sportswire | Getty Images A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced on Wednesday.
Liselotte Sabroe | Afp | Getty Images Novo Nordisk on Wednesday reported better-than-expected 2023 earnings, as sales of its wildly popular anti-obesity and diabetes drugs continued to soar. The maker of weight loss drug Wegovy and diabetes drug Ozempic reported an increase in sales of 31% in Danish kroner and 36% at constant exchange rates
In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT The reflection of a Deutsche Bank AG logo outside a bank branch in Berlin, Germany, on Monday, March 27, 2023. Krisztian Bocsi | Bloomberg | Getty Images Deutsche Bank on Thursday smashed fourth-quarter earnings expectations with a net profit of 1.3 billion euros ($1.4 billion),
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview with Ben Shapiro at the symposium on fighting antisemitism on January 22, 2024 in Krakow, Poland. Omar Marques | Getty Images Elon Musk said late Wednesday that Tesla will hold
Photoattractive | E+ | Getty Images Building wealth may feel like a struggle for today’s younger generations who grapple with student loan balances and high home prices. Now, a new bill introduced in Congress aims to make it so wealth creation starts from birth. The proposal — called the 401Kids Savings Act — is led
The Harms of Retaliatory Tax and Trade Policies | Tax Foundation Skip to content Home • Blog • Tax Foundation Discussion on the Harms of Retaliatory Tax and Trade Policies The TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global,
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024. Steve Marcus | Reuters Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts’ estimates as
Jeffrey Gundlach speaking at the 2019 Sohn Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. “When I
U.S. President Joe Biden speaks to United Auto Workers members at the UAW’s Community Action Program legislative conference in Washington, D.C., on Jan. 24, 2024. Leah Millis | Reuters The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. After the Supreme Court struck down
The Federal Reserve announced it will leave interest rates unchanged Wednesday, setting the stage for rate cuts to come — and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the pace that they trim interest
An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. With this, a lot of Walmart employees have lost their jobs. Chin Hei Leung | Lightrocket | Getty Images Walmart already has a huge U.S. footprint. But the retail
Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. Dado Ruvic | Reuters GlaxoSmithKline on Wednesday lifted its long-term outlook following the smash-hit launch of its new RSV vaccine. The shot targeting the severe and in some cases life-threatening virus booked around £1.2 billion, or $1.5 billion, in
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for