In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue as it said customers pulled back on their restaurant spending. “As we got around the
In this article YUMC VFC FTNT LUMN ENPH CMG Follow your favorite stocksCREATE FREE ACCOUNT A Chipotle restaurant in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Check out the companies making headlines after hours. Chipotle Mexican Grill — Shares fell more than 4% in extended trading after Chipotle Mexican Grill missed
The luxury hotel brand Six Senses is planning to open its first hotel in Australia — inside an old family mansion. The heritage house and its 22-hectare estate, named Burnham Beeches, are 25 miles from Melbourne in the forested Dandenong Ranges. The house was designed in 1933 for an Australian family, according to a website
President Joe Biden delivers the State of the Union address on March 1, 2022. Win Mcnamee | Getty Images President Joe Biden will again call for a “billionaire minimum tax” during his State of the Union address on Tuesday. While details haven’t been released, Biden previously proposed a billionaire minimum tax in his 2023 federal
President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022. Kevin Lamarque | Reuters In the runup to Tuesday’s State of the Union address, AARP has encouraged its members, ages 50 and over,
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In this article NFLX AAPL Follow your favorite stocksCREATE FREE ACCOUNT Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of
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In this article HTZ Follow your favorite stocksCREATE FREE ACCOUNT Andrew Kelly | Reuters Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company also benefited from improved operating performance, CEO Stephen Scherr
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. Kevin Dietsch | Getty Images Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease though he expects it to be a long process. “The disinflationary process,
Valentine’s Day gifts like these heart-shaped boxes of chocolates, on display back in 2012 in a Paris shop window, are extra-expensive just before the holiday. Chesnot | Getty Images Being in love will cost you. Valentine’s Day spending is expected to reach $25.9 billion in 2023, one of the highest-spending years on record, according to the
A new tax expenditures report by the Joint Committee on Taxation (JCT) reveals two problematic developments: 1) policymakers have increasingly relied on the tax code to deliver benefits to individuals, and 2) the broad, neutral tax treatment of investment has shifted to targeted subsidies for businesses. Tax expenditures are often akin to “spending through the
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Higher interest rates made annuities more attractive in 2022. Better quality products are increasingly available, but consumers still need to read the fine print. In a kinder universe, retirees wouldn’t need to worry about market volatility or outliving their money. But 2022 was a nail-biter: Bonds plunged alongside stocks, and many people in or nearing
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images One of Amazon‘s key air cargo operators said Monday that the e-commerce giant is scaling back on flights this
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT Oil major BP on Tuesday reported record annual profits, more than doubling last year’s total as fossil fuel prices soared following Russia’s full-scale invasion of Ukraine. The British energy giant posted underlying replacement cost profit, used as a proxy for net profit, of $27.7 billion
Cameron and Tyler Winklevoss. Adam Jeffery | CNBC Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global Capital and parent Digital Currency Group, Genesis’ lawyers said in a court hearing on Monday. The restructuring deal and recovery plan were announced
Jetcityimage | Istock | Getty Images If you’re trying to max out the yearly purchase limit for Series I bonds, your tax refund offers an opportunity to buy even more. However, you should consider your goals and weigh alternatives first, experts say. An inflation-protected and nearly risk-free investment, I bonds are currently paying 6.89% annual
Delmaine Donson | E+ | Getty Images Getting divorced is often considered one of the most stressful life events. But, for some people, there could be an unintended positive outcome to splitting up: A boost in their work performance. In a study of people in the process of divorce, which is online in advance of
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Avatar: The Way of Water Courtesy: Disney Co. As Disney and James Cameron’s “Avatar: The Way of Water” climbs its way up the box office ladder — as of Monday, it was just shy of becoming the third-highest grossing film of all time — movie