Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant Shell on Thursday posted its highest-ever annual profit, bolstered by soaring fossil fuel prices and robust demand since Russia’s
Month: February 2023
In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter of profit, but shares retreated as analysts honed in on an uncertain outlook and
In this article RCL Follow your favorite stocksCREATE FREE ACCOUNT Canadian Tammy Cecco wasn’t a fan of cruising. “The thought of being on a ship with thousands of other people and not being able to get off,” she said, “was something that I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher,
A signage of Adani group is pictured outside the Chatrapati Shivaji Mumbai International Airport in Mumbai on July 28, 2021. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | Getty Images On Wednesday, Gautam Adani announced he’s scrapping his firm’s $2.5 billion equity sale. He withdrew
Allison Michael Orenstein | Getty Images As the tax season kicks off, seniors may be facing new questions this year. A record 5.9% Social Security cost-of-living adjustment last year likely pushed up their income. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals or part- or full-time work may make filing more
andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market characterized by ample job opportunity. The trend of workers voluntarily leaving their jobs began in early 2021, as the
Key takeaways The Fed is expected to introduce a 0.25% interest rate hike today, bringing the target up to 4.75% Inflation is already showing signs of cooling, so now the Fed risks higher interest rates causing a recession The shifting global economic landscape means the Fed may need to revisit its rate hikes sooner than
The Pandemic Response Accountability Committee—or PRAC—has identified billions of dollars in potential fraud and identity theft related to pandemic relief loan programs. The PRAC report, issued this week, identified 69,323 questionable Social Security Numbers used to obtain $5.4 billion from the Small Business Administration’s Economic Injury Disaster Loan program and the Paycheck Protection Program. Together,
Brentwood, just 12 miles from downtown Nashville and Music Row, is home to a handsome three-story red brick mansion, one of the best known and most photographed houses in Music City. It will go on the auction block on February 18th in an absolute, no reserve auction, meaning that any price for the home will
Loading chart… Sherwin-Williams Co: “I want to own it. I’ll tell you why. Everything that they could possibly say negative about it is out there. I want to come out with a more positive thesis.” Loading chart… XPO Inc: “Let’s wait for it to come down a little.” Loading chart… Upstart Holdings Inc: “Right now,
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results. Earnings: $1.76 per share Revenue: $32.17 billion vs $31.53 billion expected, according to Refinitiv The company also reported
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it is nearing the end of this hiking cycle. Aligning with market expectations, the rate-setting Federal Open Market Committee boosted the federal funds rate by 0.25 percentage point. That takes it to a target range of 4.5%-4.75%,
In 2016, I retired early at 35. At the time, I had $900,000 saved, and within a few years was able to accumulate a $1 million net worth. I wasn’t born rich. I worked nothing but 9-to-5 jobs. I didn’t receive an inheritance or win the lottery. And I was never the smartest person in the
Moyo Studio | E+ | Getty Images The first Social Security check was issued 83 years ago. The check, for $22.54, went to retired legal secretary Ida May Fuller of Ludlow, Vermont. Today, in 2023, the average retirement benefit is $1,827 per month, according to the Social Security Administration. The maximum Social Security benefit for
Simpleimages | Moment | Getty Images There’s a decent chance that your state is holding money or other assets that belong to you — and government officials want you to have it. About 1 in 7 people — 33 million altogether — collectively have an estimated $70 billion worth of unclaimed property being held by
Five Key Considerations With two exceptions, my wife and I have owned at least one dog throughout our 44 years of marriage. The first exception was some thirty years ago when we still had two cats. The second exception is now. Our beloved border collie, Skye, crossed over the rainbow bridge this past summer and
Lisa Marie Presley, the only child of Elvis Presley, died unexpectedly on January 12, 2023, at age 54. Weeks later, questions have emerged about what will happen to her fortune following a legal challenge by her mother, Priscilla Presley. Elvis Presley’s Estate When Elvis Presley died in 1977, he left a will that created a
When it comes to apartment buildings, there are many ways to differentiate — “doorman” versus “non-doorman” buildings are one key distinction, for example. But perhaps the most basic or popular way to differentiate buildings is by contrasting those with elevators and those without. As such, what floor a property is on can have a significant
In this article DKNG Follow your favorite stocksCREATE FREE ACCOUNT The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston. David L. Ryan | The Boston Globe via Getty Images DraftKings is eliminating 140 jobs, or about 3.5% of its workforce, as part
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscription revenue was higher than