In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation cools, consumers still show signs of strain. As of April, the share of adults feeling stretched too thin held nearly steady at 61%, according to a new LendingClub report. However, high-income earners are increasingly under pressure, LendingClub found. Of those earning more than
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Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive
In this article AEO Follow your favorite stocksCREATE FREE ACCOUNT A view of an American Eagle Outfitters store in Arlington, Virginia. Erin Scott | Reuters Shares of American Eagle Outfitters dropped fell Thursday, after the company lowered its full-year outlook, even as it matched Wall Street’s quarterly earnings expectations and beat revenue expectations. The mall
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a major distraction from recession risks. related investing news The S&P 500 is up almost 8% in the first 100 trading days of the year. That
Talk about Asia’s travel recovery is still largely focused on the return of Chinese travelers. But it’s Indians travelers who are searching for international trips faster than travelers in any other market in the world, Agoda’s CEO, Omri Morgenshtern, told CNBC Travel. “The entire thing is booming,” he said. “India outbound [travel] is growing much
Getty | mihailomilovanovic The federal debt-ceiling standoff and the specter of a possible recession on the horizon may mean turbulent times ahead for the stock market — and that’s especially worrisome for retirees who rely on their investment portfolios for income. Retirees are generally advised to hold some stocks as part of their nest egg.
In this article F TSLA Follow your favorite stocksCREATE FREE ACCOUNT Bill Farley and Elon Musk Getty Images DETROIT – Ford Motor CEO Jim Farley and Tesla and Twitter CEO Elon Musk will host a live, audio discussion via Twitter Spaces about accelerating EV adoption at 5:30 p.m. ET on Thursday, according to a post
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California. Mario Tama | Getty Images Gap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it’s making progress – and
In this article ULTA COST WDAY GPS RH MRVL Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Gap — Shares surged 15% in the postmarket following the retailer’s earnings report, which
Nikola Stojadinovic | E+ | Getty Images Borrowers may be down to their last few months without a student loan payment. The Supreme Court could announce its decision on the Biden administration’s sweeping student loan forgiveness plan any day, and the U.S. Department of Education has braced borrowers to be ready for the bills to
Couples Therapy, Orna Guralnik Source: Showtime When I was growing up, my father used to repeat a saying he’d heard as a child from his grandmother: “When money doesn’t come through the door, love goes out the window.” That proverb appears to date back to a 19th century painting by the English artist George Frederick
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In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT Aircraft VMS EVE carries with spacecraft VSS Unity during a flight test. Virgin Galactic Virgin Galactic is preparing to launch its first spaceflight in nearly two years on Thursday, as the space tourism company aims to pass a final test before flying commercial passengers. Called
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year The retailer affirmed
In this article CCL AEO SNOW BBY NVDA Follow your favorite stocksCREATE FREE ACCOUNT The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making the biggest moves in premarket trading Thursday: Nvidia — Shares soared 28% after the
Izusek | E+ | Getty Images The 2023 summer travel season is expected to be a busy one, making federal programs like TSA PreCheck especially helpful for fliers, according to experts. Such programs carry fees but generally save travelers time at the airport. However, relatively long processing times — as with recent passport applications —
Tina Turner performs at Shoreline Amphitheatre on May 23, 1997 in Mountain View, California. (Photo by Tim Mosenfelder/Getty Images) Tim Mosenfelder | Archive Photos | Getty Images Singer Tina Turner has died at the age of 83 after a long illness, according to a statement posted on her official Facebook page Wednesday. “It is with
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter. NYSE Shares of cloud data platform provider Snowflake slid more than 12% in extended trading on Wednesday after the company issued weak guidance in
Federal Reserve officials were divided at their last meeting over where to go with interest rates, with some members seeing the need for more increases while others expected a slowdown in growth to remove the need to tighten further, minutes released Wednesday showed. Though the decision to increase the Fed’s benchmark rate by a quarter