WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targeted range between 5.25%-5.50%. The federal funds rate has
Month: May 2024
In this article XOM PXD Follow your favorite stocksCREATE FREE ACCOUNT A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters The Federal Trade Commission will wave through Exxon Mobil‘s roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the
Ascentxmedia | E+ | Getty Images Many people claim Social Security retirement benefits at the earliest possible claiming age of 62. But that decision prompts their monthly benefits to be reduced for the rest of their lives. Working with a financial advisor should help encourage prospective beneficiaries to understand the value of delaying their benefit
Amid deeply troubling public employee recruitment and retention challenges, the Alaska Senate recently passed a bill to return public employees to a defined benefit pension plan. This would reverse a 2005 decision that closed Alaska’s two statewide pension plans to new hires. I’m in Alaska this week meeting with stakeholders and sharing the findings from
In this article Follow your favorite stocksCREATE FREE ACCOUNT Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022. Ivan Pisarenko | AFP | Getty Images Viking is not your typical cruise operator. Aboard its smaller, upscale vessels, you won’t find any kids. In fact, the cruise
In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. Shares of the company plunged nearly 18% on Wednesday, and were headed for their worst
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Nicolas Economou | Nurphoto | Getty Images Bitcoin slid to its lowest level in more than two months to kick off May, as investors kept an eye on the Federal Reserve’s upcoming interest rate decision. The cryptocurrency dropped as much as 7% to $56,526.00, its
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to
A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia. Marcus Ingram | Getty Images The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the
Some think of the generation of Baby Boomers (78 million people were born into this category) as being healthy and independent. But is this accurate? Are Boomers more healthy or less so than their parents’ generation? And how do these facts affect the Boomers’ adult children, and even grandchildren? According to the Journal of the
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. Lee Smith | Reuters The Federal Trade Commission on Tuesday said it is challenging hundreds of alleged “junk” patents held by pharmaceutical companies for 20 brand-name drugs,
Exhibition of Aston Martin DB11 during the Turin Motor Show 2018. Stefano Guidi | LightRocket | Getty Images LONDON — Luxury carmaker Aston Martin on Wednesday reported widening losses in the first quarter, as the company stopped production of its core models ahead of a launch a new range of vehicles later this year. Shares
An Amazon worker walks past his Amazon Prime delivery truck in Washington, DC, on February 19, 2022. Stefani Reynolds | Afp | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares gained nearly 2% after the company beat on both top and bottom lines. Amazon posted earnings of 98 cents
In this article GSBD Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2024. Brendan Mcdermid | Reuters The volatility in the bond market has had equity investors on their toes for months, but at what point will rising
Jitalia17 | E+ | Getty Images Series I bonds will pay 4.28% annual interest from May 1 through October 2024, the U.S. Department of the Treasury announced Tuesday. Linked to inflation, the latest I bond rate is down from the 5.27% annual rate offered since November and slightly lower than the 4.3% from May 2023.
The IRS is mailing compliance letters, known as CP59 notices, “on more than 125,000 cases where tax returns haven’t been filed since 2017.” According to the IRS, the mailings are being sent to more than 25,000 people who have more than $1 million in income between tax years 2017 and 2021, and to more than
Michael Jordan #23 and Scottie Pippen #33 Nathaniel S. Butler In the pantheon of theme songs for TV sports, “Roundball Rock,” John Tesh’s anthem that accompanied National Basketball Association games on NBC until 2002, is arguably the greatest. If NBCUniversal wins the rights to air the NBA again, it would have a chance to bring
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales. The coffee chain also slashed its forecast for its fiscal 2024 earnings and revenue, predicting
In this article .VIX Follow your favorite stocksCREATE FREE ACCOUNT A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors “100% downside protection” against the index’s losses over a one-year outcome period, according the firm’s
In this article CURA-CA MSOS Follow your favorite stocksCREATE FREE ACCOUNT Trade Roots, a Wareham-based Cannabis dispensary grows cannabis plants for making CBD with THC in their greenhouse, and manufactures CBD products for sale in their shop and distribution to buyers. John Tlumacki | Boston Globe | Getty Images Cannabis stocks leapt on Tuesday afternoon,