People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month to buy the same goods and services it did a year ago, according to a Moody’s Analytics analysis of October inflation data. While down slightly from
The holiday shopping season is always closely followed by a spike in gift returning. But this year, it may be harder to bring things back for free or at a low cost. Roughly 60% of retailers said they’re making changes to existing returns policies, with fewer promising free returns, according to a recent survey of
In this article WMT TGT Follow your favorite stocksCREATE FREE ACCOUNT D3sign | Moment | Getty Images After eating turkey and pie, lots of Americans also went on a shopping spree. Thanksgiving Day online spending hit a record of $5.29 billion, an increase of 2.9% year over year, according to Adobe, which tracks sales on
Charles Taylor | Getty Images After nearly a year of high inflation, rising interest rates and stock market volatility, it’s easy to see why many Americans are cutting back on holiday gifts. While it may not feel like a top priority, experts say trimming your 2022 tax bill may boost your finances going into the
In this article MANU LU AAPL Follow your favorite stocksCREATE FREE ACCOUNT Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Friday. Apple — Apple’s stock shed 2% on Friday after
Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence as this is his way of giving thanks to his children for their charitable work. “I’ve got a personal pride in how my kids turned out,”
Boonchai Wedmakawand | Moment | Getty Images The collapse of FTX, one of the world’s largest crypto exchanges, has rippled through the world of digital currencies. Once valued at $32 billion, FTX filed for bankruptcy protection and founder Sam Bankman-Fried resigned as its CEO after reports alleged that the company had loaned billions of dollars
Thomas Barwick | Digitalvision | Getty Images Many families struggle to come up with the cash when faced with an unexpected $400 expense. That lack of emergency savings may force them to borrow money at high interest rates to pay for the surprise expense, putting their financial security at risk. Now Congress has a window
Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas said it is investigating accusations made by staff relating to the conduct of the musician Ye during his partnership with the German sportswear brand and the response of senior company figures. The company said in
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk Twitter account displayed on a phone screen and Twitter logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 22, 2022. Jakub Porzycki | Nurphoto | Getty Images Elon Musk said in a
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Binance and other crypto firms are preparing takeover offers for beleaguered digital currency lender Voyager Digital after FTX, which had initially
Where you live may have an impact on your credit rating. With Minnesota’s low poverty rate and high employment, its residents have a credit score of 724, on average, well above those of even wealthier states, such as California and New Jersey, according to a recent report by WalletHub based on TransUnion data. In fact,
Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading into the do-or-die holiday shopping season.
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images Black Friday may offer an opportunity to bag a bargain ahead of the festive period, but many shoppers will be expecting retailers to cut prices by a greater margin this year
Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut
Justin Paget | Digitalvision | Getty Images The Biden administration on Tuesday issued a final rule that makes it easier for employers to consider climate change and other so-called environment, social and governance factors when picking investment funds for their 401(k) plans. The U.S. Department of Labor rule, which takes effect in 60 days, undoes
In this article AMC IMAX CNK AMZN Follow your favorite stocksCREATE FREE ACCOUNT Jeenah Moon | Reuters Cinemas stocks got a boost Wednesday after a report said Amazon plans to spend $1 billion a year on theatrical film releases. The tech company plans to make between 12 and 15 movies for movie theaters each year,
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX’s
Pixelseffect | E+ | Getty Images If you have unspent money in your health-care flexible spending account, now’s the time to make a plan to use it before you lose it. Health-care FSAs let workers stash away pretax dollars for qualifying expenses. However, they generally are “use-it-or-lose-it” accounts: Unless your company provides a grace period
Germany’s central bank is predicting a slowdown but no significant correction in the country’s property market despite warnings of overvaluation, according to a report published Thursday. Claudia Buch, vice president of the Bundesbank, told CNBC’s Joumanna Bercetche: “We do see a slowdown in the price growth for residential real estate, but it’s not that the