Federal Reserve Chair Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining his commitment to the inflation fight, Powell said expectations play an important role and were a
In this article GS AAPL The Apple Card is getting a lot of attention lately. It doesn’t hurt that the credit card can score you a discount on the newest iPhone 14 and other devices purchased directly from Apple. Apple’s new iPhones are available to order starting Friday, and although there was no price hike
American Eagle clothing and accessories retailer American Eagle store seen in Tokyo. Budrul Chukrut | SOPA Images | Light Rocket | Getty Images American Eagle this week joined the list of clothing retailers reporting bleak earnings as the industry works to figure out the type of items people want coming out of the pandemic, while
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big
Like many borrowers, Halid Hamade, 28, is poised to benefit — at least somewhat — from student loan forgiveness. After President Joe Biden announced he will forgive $10,000 in federal education debt and up to $20,000 for recipients of Pell Grants who meet the income threshold, Hamade said he was happy. Still, “it’s not enough,”
In this article QSR-CA QSR CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant. Horacio Villalobos | Corbis News | Getty Images Burger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants as part of a broader strategy
In this article REGN RH TSLA CAT The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Zscaler — Zscaler surged 21.9% after reporting strong earnings in its most recent quarter. The company posted adjusted earnings of 25 cents per share
A student walks to class at Rice University in Houston on Aug. 29, 2022. Brandon Bell | Getty Images News | Getty Images The application for student loan forgiveness will be ready by early October, the U.S. Department of Education says. After people apply, they could see the relief within six weeks. related investing news
Shohei Ohtani #17 of the Los Angeles Angels pitches in the fifth inning against the Houston Astros at Angel Stadium of Anaheim on September 03, 2022 in Anaheim, California. Meg Oliphant | Getty Images The MLB approved several rule changes for the 2023 season that are aimed to speed up the pace of play and
In this article BLK Larry Fink, chief executive officer of BlackRock Inc. Christopher Goodney | Bloomberg | Getty Images Billionaire businessman and former New York Mayor Michael Bloomberg and the investing behemoth BlackRock have both recently issued their own strongly worded missives defending investments in climate solutions and clean energy and saying that requesting climate-related
Reality TV star Kim Kardashian launched a private equity fund, Skky Partners, which she co-founded with Jay Sammons, a former partner at the investment firm Carlyle Group. Photo by James Devaney/GC Images via Getty Images Reality TV star Kim Kardashian launched a private equity fund, Skky Partners, which she co-founded with Jay Sammons, a former
Hinterhaus Productions After boosting paid parental leave during the pandemic, many companies are now cutting or reducing the popular employee benefit. In 2022, organizations with paid maternity leave dropped to 35% from 53% in 2020, according to the Society for Human Resource Management’s employee benefits survey. And fewer than one-third, 27%, now provide paid paternity
The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes
In this article SWBI An attendee walks through the Smith & Wesson booth at the NRA’s annual meeting. Shares of Smith & Wesson Brands Inc. were down Friday morning after the company said demand for its guns returned to pre-pandemic levels. The firearms maker on Thursday had reported net sales to $84.4 million for its fiscal
In this article DOCU RH ZS SPCE TSLA NAVI Check out the companies making headlines before the bell. DocuSign — Shares of the electronic signature company surged 16.4% after DocuSign’s quarterly numbers beat Wall Street expectations. DocuSign also shared revenue guidance for the third quarter above expectations and an outlook for the full year that
Tim Cook says it’s never been his goal to run Apple the exact same way Steve Jobs did. But Jobs’ influence is still strongly felt at the company, Cook says — and it likely always will be. “We don’t sit around and say: ‘What would Steve do?’ He told us not to do that,” Cook
A customer at the 7-Eleven on Chino Hills Parkway in Chino Hills receives there lottery tickets on Wednesday, July 27, 2022 where Fridays Mega Millions payout is expected to exceed $1 billion. Will Lester | Medianews Group | Getty Images The clock is ticking for whoever landed the $1.34 billion Mega Millions jackpot in late
In this article CTRN Peopleimages | Istock | Getty Images Citi is expanding a program to encourage homeownership in diverse communities, as part of a new set of initiatives to broaden access to its lending products. The program, called HomeRun, seeks to help eliminate the key barriers to homeownership, particularly with regard to cost and
In this article GM DETROIT – General Motors’ second chance at establishing itself as a mass-market leader in all-electric vehicles is expected to begin next year with the arrival of the Chevrolet Equinox EV. The all-electric crossover is scheduled to go on sale in the U.S. next fall, starting at around $30,000 – a price
In this article GME AMD AEO Pedestrians pass in front of a GameStop retail store in New York, December 23, 2021. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Thursday. GameStop – Shares of video game retailer rose more than 7% after the company disclosed a new partnership with cryptocurrency exchange