With Armageddon slated to arrive on or about the first of next month, it seems like a good time to get started with those debt limit negotiations. President Biden, of course, says he won’t bargain over raising the ceiling; only a “clean” increase will do. But the president has also invited House Speaker Kevin McCarthy,
Month: May 2023
Forbes Global Properties Golf course communities usually bring to mind places like Palm Springs, California, or Scottsdale, Arizona, where the desert plays a starring role. Gray’s Crossing in California’s Lake Tahoe area trades the desert for the Sierra Nevada mountain range, adding more than just golf to the lifestyle mix. Gray’s Crossing is one of
In this article WBD DIS Follow your favorite stocksCREATE FREE ACCOUNT Combo showing Brie Larson in Captain Marvel and Ezra Miller in The Flash. Courtesy: Marvel (L) | DC Comics (R) For more than a decade, the narrative surrounding comic book studios Marvel, owned by Disney, and DC, owned by Warner Bros., has been one
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Chief Executive Officer (CEO) of Apple Tim Cook waves to people during the opening of the first Apple Inc. flagship store in Mumbai, India on April 18, 2023. Imtiyaz Shaikh | Anadolu Agency | Getty Images Apple is scheduled to report fiscal second-quarter results after
Recent events may be chipping away at confidence in the U.S. financial system, according to the findings of a Gallup survey. Nearly half of the 1,013 adults polled said they were “very worried” (19%) or “moderately worried” (29%) about the safety of the money they had tucked away in a bank or other financial institution,
In this article TSLA AMZN Follow your favorite stocksCREATE FREE ACCOUNT Richard Branson on board Virgin Galactic’s VSS Unity in July 2021. The billionaire believes the environmental costs of space travel are set to “come down even further.” Virgin Galactic | via Reuters British billionaire Richard Branson believes space travel can be beneficial for the
Display showing Gecko character for GEICO Insurance during the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska. Yun Li | CNBC Berkshire Hathaway shareholders attending this year’s meeting will want to know more about the company Warren Buffett once called his “favorite child” – the auto insurer Geico. With tens of thousands of shareholders in
Holger Scheibe | The Image Bank | Getty Images A recession may be in the forecast for the U.S. economy, but the big question is when. The Federal Reserve has said the banking crisis may prompt a mild recession later this year. On Wednesday, the central bank raised interest rates by 0.25 percentage point, while
Thomas_eyedesign | E+ | Getty Images This story is part of CNBC’s College Money Guide 2023, a series to help students and recent graduates understand their money and start their adult life off on a solid financial path. Buying your first car as an adult is always a little daunting. But trying to buy in
House Republicans have, at least temporarily, redefined what they mean by a tax increase. By doing so, they have turned their backs on their decades-old pledge to never, ever, not under any circumstances, raise taxes. And they have opened the door, if only a crack, to a possible way to use revenues to reduce budget
In this article RACE-IT RACE Follow your favorite stocksCREATE FREE ACCOUNT Ferrari Roma Source: Ferrari Ferrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models drove a surge in profitability. “Our order book already extends
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Peloton on Thursday reported a wider-than-expected loss in the fiscal third quarter, but pointed to signs of progress with its turnaround plan. The company reported
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst Christopher McGratty was looking forward to some calm. So early Tuesday, more than 24 hours after U.S. regulators seized First
The Federal Reserve Bank building Kevin Lamarque | Reuters The Federal Reserve raised the target federal funds rate by another 0.25 percentage point on Wednesday. This marks the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Even though the Fed’s rate-hiking
A Louisiana man was sentenced to 10 years in prison for money laundering related to a fraudulent scheme involving Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) Program loans. The Scheme According to court documents, Michael Ansezell Tolliver submitted nine fraudulent PPP and EIDL Program loan applications for several purported companies that Tolliver
In this article JNJ Follow your favorite stocksCREATE FREE ACCOUNT Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters Johnson & Johnson’s consumer health business Kenvue priced its IPO at $22 per share Wednesday, toward the high end of its stated range, in an upsized deal that would bring in about
In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT CVS Health on Wednesday reported first-quarter results that beat earnings and revenue expectations, but the company lowered its full-year profit guidance due to costs related to recent acquisitions. The company’s shares fell more than 2% on Wednesday. Here’s what CVS reported compared with Wall Street’s
The Etsy website Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after hours. PacWest, Western Alliance, Comerica – Shares of PacWest plunged more than 50% in extended trading following a Bloomberg News report that the regional bank was exploring strategic options, including a potential sale. The news weighed on other
Many folks once scoffed at the idea that people would rent their homes to strangers — including Airbnb co-founder and CEO Brian Chesky’s own mother. That’s according to Chesky, who told the story at a recent Stanford Graduate School of Business event. As he recounted, he was a 20-something industrial designer, struggling to pay rent.
Cecilie Arcurs | Getty Images After another rate hike from the Federal Reserve, advisors are watching closely for signs of future moves by the U.S. central bank that may spark changes for bond portfolios. In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point interest rate increase. Meanwhile, the