Traders work on the floor of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle’s revenue, which came in at
Month: September 2023
Jeffrey Coolidge | Photodisc | Getty Images The IRS is launching plans with boosted technology and artificial intelligence to collect unpaid taxes from higher earners, partnerships and large corporations, which could transform tax compliance or spark challenges for the agency, experts say. After past criticisms of low audit rates among the wealthy, the IRS on
Lauren Rosenberg, right, of Portland, Maine, and her nanny, left, set out toys for Rosenberg’s children. Portland Press Herald | Portland Press Herald | Getty Images Child care is already scarce and expensive — and the stakes are about to get higher. The federal government provided states with nearly $24 billion in stabilization funds to
Public policy has been the major factor preventing the integration of retirement plan components: financial asset management, annuities and HECM reverse mortgages. As a result, annuities and HECMs are substantially underutilized, potential synergies between them are unrealized, and the retirees who use these markets often overpay. The result, illustrated by the chart below, is that
A federal jury in Detroit has found Ryan Richmond of Bloomfield, Michigan, guilty on charges including evading federal income taxes and obstructing the IRS. According to the original indictment, Richmond owned and operated Relief Choices LLC, a medical marijuana dispensary in Warren, Michigan. Warren is a short drive north from Detroit. Legality Of Cannabis Under
For many young Americans, the dream of owning a home feels less like a middle-class milestone and more like a prize available only to those with family money or extraordinary incomes. The monthly mortgage payment on a median-priced home has increased 15% in the last year, while incomes have only increased by 4%. And even
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Shoppers will soon see jewelry designed by Kendra Scott at about 150 Target stores. Most of the items will be under $40. Target Target said Tuesday that it has struck a deal with jeweler Kendra Scott to carry exclusive collections of earrings, bracelets and more,
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines before the bell. Oracle — Shares fell 10% before the opening bell after the company posted weaker-than-expected revenue and earnings guidance for the second fiscal quarter.
Kate_sept2004 | E+ | Getty Images Whether it’s navigating a stock market downturn, hawkish Federal Reserve policy or banking instability, we’re dedicated to helping consumers make smart money decisions. But CNBC’s personal finance team also recognizes the value of professional advice and a comprehensive financial plan, regardless of life stage or level of wealth. Our mission is the primary
Mason King Courtesy: Mason King More than a year of recessionary forecasts have created “a highly unusual market,” said Mason King, a principal of Luther King Capital Management in Fort Worth, Texas, which ranked No. 1 on CNBC’s list of the top 100 financial advisors in the U.S. for 2023. As a whole, the current climate has created
Wendee Goles Courtesy: Wendy Goles In July, Wendee Goles saw headlines that the Biden administration planned to cancel the student loans of more than 800,000 people. Even though she seemed to fit the description of eligible borrowers — those who had made payments for decades through an income-driven repayment plan — she didn’t get her hopes
When it comes time to shop for Medicare coverage, Medicare Advantage plans have become a very popular option. More than half (51%) of eligible Medicare beneficiaries are enrolled in Medicare Advantage in 2023. That’s an increase of 19% to 46% from 2007 to 2021. What makes these plans so popular? One reason might be costs,
For many young Americans, the dream of owning a home feels less like a middle-class milestone and more like a prize available only to those with family money or extraordinary incomes. The monthly mortgage payment on a median-priced home has increased 15% in the last year, while incomes have only increased by 4%. And even
In this article NVAX MRNA PFE Follow your favorite stocksCREATE FREE ACCOUNT A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The Food and Drug Administration on Monday approved updated Covid
In this article BABA TWNK MRNA IMTX Follow your favorite stocksCREATE FREE ACCOUNT Visitors at the Tesla booth at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle maker jumped 6% after
The Covid pandemic-induced growth in working from home (WFH) continues rippling through the economy, highlighting tensions for both employees and employers. If you work from home at least part of time, you’re part of a major shift in the professional labor market, but don’t get too comfortable—things will keep changing. Last week, Meta started requiring
In the past decade, the American urban landscape has transformed remarkably, with certain cities emerging as meteoric growth hubs. The pace of their expansion is not just evident in their burgeoning skylines or swelling populations, but also in the shifting economic tides that bring prosperity to their residents. The consequent change in income levels becomes
In this article DKNG Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images Sports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out
A view of the Standard Chartered bank in Singapore, May 3, 2023. Caroline Chia | Reuters Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country’s rapidly growing digital asset market. The development makes Zodia the first entity that is owned
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