Pedestrians cross the street in front of a H&M store in Hong Kong. Sopa Images | Lightrocket | Getty Images Shares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits and cast doubt over its June sales and full-year profit margin target. The stock pared
Wan Gang is widely credited for spearheading China’s electric car strategy many years ago. Bloomberg | Bloomberg | Getty Images HEFEI, China — The man who spearheaded China’s electric car strategy said Wednesday that Chinese investment in the European electric vehicles industry could be a way forward for both sides amid trade tensions. “I believe the governments [of China and
U.S. President Joe Biden is joined by Education Secretary Miguel Cardona (L) as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on June 30, 2023 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images
Millions of us are middle aged or older, caring for aging parents and other loved ones who can no longer be independent. We see how they decline, whether slowly or sometimes rapidly after some accident or episode. The last part of their lives does not look so great. Chronic illness, doctor visits, loss of ability
In this article LEVI Follow your favorite stocksCREATE FREE ACCOUNT A shopper leaves the American clothing company brand, Levi´s (Levis) store, and logo in Spain. Xavi Lopez | Lightrocket | Getty Images Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on
In this article MU Follow your favorite stocksCREATE FREE ACCOUNT Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was
In this article JPM GS AXP TFC Follow your favorite stocksCREATE FREE ACCOUNT Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, D.C., on March 29, 2023. Kevin
Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service, speaks at a Senate Appropriations subcommittee hearing in Washington, D.C., on May 19, 2021. Bloomberg | Bloomberg | Getty Images Many taxpayers are experiencing “long delays and uncertainty” amid a backlog of roughly 1.4 million pandemic-era small business tax credit claims, according to the national
What are the best cities to live in the world? Every year, the Economist Intelligence Unit (EIU) evaluates cities across the globe for their liveability, releasing the much-anticipated Global Liveability Index 2024. This year, the new report examines 173 cities using data like stability, healthcare, culture, environment, education and infrastructure, then ranks them on a
In this article GOOGL NFLX WBD DIS Follow your favorite stocksCREATE FREE ACCOUNT It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating
In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. The
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take over
In this article AVD Follow your favorite stocksCREATE FREE ACCOUNT Halfpoint Images | Moment | Getty Images How’s your 401(k) looking? A new report shows Americans are saving more, but probably need to do even more. Vanguard has released its annual report, How America Saves 2024. Vanguard and Fidelity are the two biggest sponsors of 401(k) plans,
Americans with about 10 years to go before reaching retirement age are “critically underprepared,” according to a new study by Prudential. The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement,
Tourists walk through a park in Chicago, on May 26, 2024. Jamie Kelter Davis/Bloomberg via Getty Images Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially. For example, renters in Syracuse, New York, saw monthly rents for one- and
Medicare beneficiaries need to know the changes taking place in in 2024 and 2025. The changes begin with the inflation adjustments for various Medicare features. The monthly basic Part B Medicare premium increased by $9.80 (or 5.94%) to $174.70 on January 1. The annual Part B deductible increased by $14 to $240. The additional Part
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Cruise vehicle in San Francisco on Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty Images AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands. “Our ambition seems to be limited to being
Morsa Images | Digitalvision | Getty Images It’s no secret that many college graduates are struggling with student loan debt. Still, many borrowers aren’t talking about their loans with their significant other. Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their
Have you ever imagined living under the Tuscan sun? If so, your dream could become a reality—thanks to a new initiative by this pretty region of Italy that is offering financial incentives to people willing to move to its charming, less-populated towns. With the program, “Residenzialità in Montagna 2024” (Residentiality in the Mountains 2024), Tuscany
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