Tim Boyle | Bloomberg | Getty Images Although prices for new cars are moderating a bit, financing a vehicle purchase hasn’t been getting any cheaper. With the Federal Reserve’s latest interest rate hike — the sixth this year — auto loans are poised to become even more expensive. The Fed’s move has a ripple effect,
Key Findings Carbon leakage occurs when a climate policy in one jurisdiction leads to emissions-producing activity simply shifting to a different jurisdiction. Leakage raises both environmental concerns—as it undermines emissions reduction efforts—and economic concerns. In the aggregate, leakage is relatively small, but it could have an outsized impact on specific emissions-intensive, trade-exposed (EITE) industries. Using
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In this article AAL UAL DAL LUV Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines pilots make their way to Terminal 4 to picket for a new contract at JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images U.S. airlines are profitable again, and their pilots want
In this article NKLA NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said that it produced 75 trucks in the third quarter, and delivered 63 to dealers before quarter-end, generating enough revenue to beat Wall Street’s expectations. But the company trimmed its production guidance
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is making a bid to standardize the way the financial industry
Bob Pisani, CNBC Scott Mlyn | CNBC Thinking of writing a book? You might want to reconsider. On Monday, a federal judge blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that joining the two giant publishing houses would lessen competition for top-selling books. As an author, I agree
In this article CTRN Follow your favorite stocksCREATE FREE ACCOUNT Despite growing economic uncertainty, employers are still waging a war for talent, and employees are coming out ahead. Now, more businesses are expanding their benefit offerings with free college programs to attract and retain workers. Most recently, Fidelity Investments said it will offer fully funded undergraduate
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing is planning to ramp up production and deliveries of new
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings that missed analysts’ expectations as the strong U.S.
After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — China’s decision to maintain Covid controls is pushing companies to look to factories outside the country, according to
FatCamera | E+ | Getty Images For some Medicare beneficiaries, an Advantage Plan ends up not being a good fit. If you’re in this situation and are thinking about dropping your plan to return to basic Medicare — Part A (hospital coverage) and Part B (outpatient services) — there are some things to consider before
When it comes to “being your own boss,” Americans seem to have it covered. According to the Bureau of Labor Statistics, there were about 9.6 million self-employed workers in 2016. This number is projected to grow to 10.3 million by 2026 — a 7.9-percent increase. But when tax season rolls around, many self-employed taxpayers hire tax
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp. David Paul Morris | Bloomberg | Getty Images Paramount Global and former CBS chief Les Moonves agreed to make additional payments to settle an investigation by the New York State Attorney General’s office, which
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Qualcomm shares fell 7% in extended trading on Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor first-quarter guidance. Qualcomm also said it implemented a hiring freeze at the start of the current quarter. Here’s how the company did: Earnings: $3.13 per
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Qualcomm
Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dropped back a little bit last week, but they’re still near a 22-year high. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 pickup trucks at a dealership in Colma, California, on Friday, July 22, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments