In this article DIS ESPN Mike Windle | ESPN | Getty Images Disney is increasing the price of its sports streaming service ESPN+ to $9.99 per month, a 43% increase. The previous price of ESPN+ had been $6.99 per month. The increase will kick in on Aug. 23. An annual subscription to ESPN+ will jump
Citigroup offices in New York City. Adam Jeffery | CNBC Check out the companies making headlines in midday trading. Pinterest — Shares of the image-sharing social media company surged 15% on a report from the Wall Street Journal that Elliott Management has acquired a more than 9% stake. Citigroup — Citigroup rallied 11% after second-quarter
Financial experts typically recommend being careful how you allocate your money, lest you run out of it. But for billionaire Bill Gates, running out of money is the goal. The Microsoft co-founder announced this week that he’s donating $20 billion to the Bill & Melinda Gates Foundation, while reiterating his pledge to give away “virtually
An activist holds a placard demanding a $15 an hour minimum wage and tips for restaurant workers during a rally to call for additional relief for restaurants in Washington, D.C., on Feb. 8, 2022. Mandel Ngan | AFP | Getty Images Record high inflation has pushed the value of the federal minimum wage down to
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In this article RDFN Stockton, California DenisTangneyJr | iStock | Getty Images After the frenzy of bidding wars, the U.S. housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk, real estate broker at
Ben Rains explores Netflix (NFLX) stock ahead of its second quarter earnings release on Tuesday, July 19. The streaming TV stock has been one of the hardest hit growth names on the market. And some investors might start digging into Netflix stock again soon as it approaches possible value status. (0:45) – Does Netflix’s Major
Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis. Patrick T. Fallon | AFP | Getty Images Citigroup is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings
General Motors is still dealing with production snags that will last into next year, CEO Mary Barra told CNBC’s Jim Cramer on Thursday. “It’s gotten better this year than last year, but really this will go into ’23. … It’s going to take additional capacity,” Barra said in an interview on “Mad Money.” “But right
In this article M00-FF BLK RIO-GB UNH PINS WFC Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance
Beyond highlighting the overwhelming burden of student loan debt, the last few years of economic turmoil have also shed light on the sky-high cost of college. “Sometimes students feel the sense of ‘My parents are going to make it work,'” said Jennifer Finetti, director of student advocacy at ScholarshipOwl. “I think a lot of students don’t
More than 360,000 residents left California in 2021, in what some are calling “The California Exodus.” Many moved to states such as Texas, Arizona and Washington. Some Californians are even migrating out of the country and heading to Mexico for a more affordable lifestyle. Travis Grossi, a YouTube content creator who runs the Cafe con
Chinese property broker Beike expects housing demand to decline domestically over the next decade. Pictured here on June 28, 2022, is a new commercial residential complex in Nanning, Guangxi Zhuang Autonomous Region, China. Future Publishing | Future Publishing | Getty Images BEIJING — China’s massive residential real estate market is only going to see demand
Imagine a worker who gets a raise and ends up paying more in tax than their raise. This is the case for an Italian worker who earns just above the average wage. With an increase in pay of just EUR 448, he would face a 116 percent marginal tax rate. Therefore, despite the pay increase,
In this article JPM JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million. Here are the numbers: Earnings:
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose slightly Thursday night after the Dow Jones Industrial Average declined following a disappointing start to second quarter earnings from the country’s largest banks. More major bank results
Westend61 | Westend61 | Getty Images The job market is still hot, but that won’t last forever. In fact, there have already been some signs of a shift, according to John P. Morgan, president of talent development and transition firm Lee Hecht Harrison. To be sure, the most recent data shows strong job growth in
Soaring inflation is putting markets on edge and triggering fears of recession. The latest consumer price index this week revealed a searing 9.1% increase year-on-year in June, prompting Treasury Secretary Janet Yellen to say that inflation in the U.S. is “unacceptably high.” The causes behind the steep jumps include high commodity and energy prices triggered
Over the past decade, policymakers from both parties in Harrisburg have proposed reducing Pennsylvania’s 9.99 percent corporate net income tax (CNIT) rate but could not agree on an approach—until now. With enactment of HB 1342 as part of the 2022-2023 state budget, lawmakers finally succeeded in cutting what had been the second highest state corporate