Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city’s main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third
Month: October 2023
In this article CFG PNC Follow your favorite stocksCREATE FREE ACCOUNT Customers at a Safeway store in San Francisco. Getty Images American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry’s profit squeeze and customers’ migration to digital channels. Banks closed 10.7% of
No-mad | Istock | Getty Images The United Auto Workers Union has brought new attention to the idea of a 32-hour workweek as part of its strike demands. Turns out, most workers would embrace a shorter workweek. A recent Bankrate survey found 81% of full-time workers want a four-day workweek. That goes particularly for younger
The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic. The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping businesses claim the credits. Suddenly, a parade of ads encouraging businesses to
America’s retirement system is failing, reveals the new Fed Survey of Consumer Finances. True, retirement account balances are up from 2018, but despite the increase, Americans are far behind where they need to be for a secure retirement. Americans aged 55-64 have a median before tax income of $82k and just $185k in their retirement
Is working from home (WFH) falling, signaling that workers have to go back to the office? Or is WFH now a permanent part of future work, jobs, and careers? Well, actually both. But the future, even with higher permanent levels of WFH, remains unsettled for workers and employers. Where WFH fits into your future depends
Fall is in the air, and one of the great things about this season — aside from the cooler weather — is the opportunity to view such beautiful autumn colors. However, you don’t always have to go outside to see these brilliant hues. Here’s how to incorporate the luscious fall colors in your home. Decorate
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Comcast Xfinity cable television installation truck parked on a street in front of a suburban home, San Ramon, California, May 17, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado | Archive Photos | Getty Images Comcast has tried to move investors away from focusing on
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Intel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even
The Xiaomi HyperOS logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it seeks to develop its ecosystem with the imminent release of its own car. Xiaomi shares rose more than 1% in Hong
President Donald Trump and Foxconn Chairman Terry Gou (R) tour a Foxconn facility at the Wisconsin Valley Science and Technology Park on June 28, 2018, in Mount Pleasant, Wisconsin. Brendan Smailowski | AFP | Getty Images More than 11% of the world’s more than 2,000 billionaires have run for election or become politicians, according to
In this article T-CA Follow your favorite stocksCREATE FREE ACCOUNT Nicoletaionescu | Istock | Getty Images Workers’ biggest financial concern is still keeping up with rising costs, more than one year after inflation peaked at a new 40-year high, according to a new report from Telus Health. Those money woes may have a connection to
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 3.2% starting in January 2024, far less than the previous two years’ 5.9% and 8.7%, for 2022 and 2023 respectively, but not surprising considering the reduction in inflation over the past two years. Recall that the headline Consumer Price Index
House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your views on the Middle East, Smith is swimming in very dangerous waters. There are serious questions about the tax treatment of colleges and universities. But do we want to see their
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2024 Ford F-150 Raptor Ford DETROIT — Ford Motor on Thursday missed Wall Street’s third-quarter expectations, as it restructures its operations and regroups following the end of a nearly six-week U.S. labor strike that in total has cost the company $1.3 billion. Shares of the
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts’ estimates. The stock climbed in extended trading. Here are the results: Earnings per share: 94 cents per share vs. 58 cents per share expected by LSEG, formerly known as Refinitiv. Revenue: $143.1 billion
Hoozone | E+ | Getty Images Health savings accounts have powerful tax benefits that make them an efficient way to save for future medical costs. But to harness their full potential, HSA funds must be used for qualified medical expenses. There’s a long list of qualifying costs — from artificial limbs to birth control pills,
Morgan Stanley (MS) has finally named a successor to longtime CEO James Gorman — removing a big question mark for investors like us. Ted Pick, a 33-year banking vet who has served as co-president of Morgan Stanley for the last two years, will succeed Gorman on Jan. 1, according to Wednesday’s announcement . Pick was
Insta_photos | Istock | Getty Images Inheriting an individual retirement account can be a welcome surprise. But the gift comes with mandatory withdrawals for heirs and following the rules can be difficult, experts say. According to the Secure Act of 2019, certain heirs now have less time to deplete inherited accounts due to a change
In this article NRDS Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Both retail credit cards and buy now, pay later programs can offer opportunities to spread out payments for high-priced purchases, especially during the year-end holiday shopping season. Buy now, pay later, or BNPL, is like a new form of old-school layaway plans, except
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