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Catherine Yeulet | Getty Images As investors brace for another interest rate hike from the Federal Reserve, many are closely watching signals about the future of the economy. This week, investors are expecting the fourth 0.75 percentage point increase, which may continue to affect government bond yields. As the Fed takes further action to fight
Fizkes | Istock | Getty Images Reaching retirement with a nest egg that you trust will last is a stressful endeavor even in the best of times. These days, those nearing the end of their careers also have to contend with historic inflation, stubborn market volatility and the remnants of the coronavirus pandemic. We asked
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up.
Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. “Oil is the only thing they have left in that economy
Take a look at some of the biggest movers in the premarket: Wynn Resorts (WYNN) – Investor Tilman Fertitta has taken a 6.1% stake in the resort operator, according to a Securities and Exchange Commission filing. Wynn shares rallied 4.2% in premarket action. Petrobras (PBR) – The Brazilian state-run oil company’s shares slid 8.5% in
This week, the Federal Reserve will likely raise rates for the sixth consecutive time to combat inflation, which is still running at its fastest pace in nearly 40 years. The U.S. central bank has already raised its benchmark short-term rate 3 percentage points since March, including three straight 0.75 percentage point increases ahead of its
In this article JPM MSFT INTU Follow your favorite stocksCREATE FREE ACCOUNT A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments. The bank is piloting a platform it
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin’s lack of volatility lately isn’t a bad thing and could actually point to signs of a “bottoming out” in prices, analysts and investors told CNBC. Digital
Travel demand is still picking up, and so are the prices of flight tickets. Surging prices are causing some to cut back on spending, but others are finding new ways to pay for their holiday plans. More airlines are partnering with “buy now, pay later” firms to give customers the option to pay for their
It appears most ETF investors aren’t cashing out of technology despite this year’s painful losses. The widely-held ARK Innovation ETF and the Technology Select Sector SPDR Fund, down 59% and 25% respectively this year, aren’t showing meaningful outflows so far this year. Invesco’s Anna Paglia lists a reason: Investors are more loyal to the idea of
Fg Trade | E+ | Getty Images A key federal program providing benefits to elderly, blind and disabled people — Supplemental Security Income — is turning 50 years old. The program, which currently serves nearly 8 million beneficiaries, was created by legislation signed by President Richard Nixon on Oct. 30, 1972. But even as Supplemental
In this article FFIV TXN JNPR TKR LRN Follow your favorite stocksCREATE FREE ACCOUNT Tim Boyle | Bloomberg | Getty Images Stocks ended Friday on a positive note, but an uncertain week – with a Federal Reserve meeting – looms ahead. The three major averages notched gains for Friday’s session and were higher on the
In this article STLA-IT Follow your favorite stocksCREATE FREE ACCOUNT Derek Jeter will star with his wife, fashion model and television host Hannah Jeter, in the Grand Wagoneer’s new “Eyes Wide Open” campaign as part of a long-term partnership. Jeep DETROIT — New York Yankees legend Derek Jeter and his wife, Hannah Jeter, have agreed
Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares of the e-commerce giant plunged as much as about 19% in extended trading Thursday after the company posted weaker-than-expected earnings and revenue for the third quarter
Alice Cooper in John Carpenter’s 1987 movie “Prince of Darkness.” Source: Shutterstock John Carpenter is the king of Halloween. And not just because he directed “Halloween.” He’s the creative force behind spooky season classics like “The Fog,” “Christine” and “The Thing.” A lucrative new trilogy of “Halloween” sequels to his 1978 original just wrapped up
Credit Suisse shares plunged 18% on Thursday after the Swiss bank posted a quarterly loss that was significantly worse than analyst estimates, and announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion), compared to analyst expectations for a loss of 567.93 million Swiss francs.
Parts of Shanghai have faced intermittent restrictions on business due to Covid controls, even after a broader two-month lockdown ended in June. Vcg | Visual China Group | Getty Images BEIJING — Nearly twice as many U.S. companies cut their investment in China this year versus last year, the American Chamber of Commerce in Shanghai
Kyrie Irving #11 of the Brooklyn Nets handles the ball against the Milwaukee Bucks in Game Two of the Second Round of the 2021 NBA Playoffs at Barclays Center on June 07, 2021 in New York City. Steven Ryan | Getty Images After Brooklyn Nets guard Kyrie Irving promoted an antisemitic film and book on social media
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The Comcast building in New York. Scott Mlyn | CNBC Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. The company’s shares closed 1.5% higher Thursday. Here’s how Comcast did in the