MARK RALSTON | AFP | Getty Images Sure, the chance of your ticket hitting the Mega Millions jackpot is tiny — roughly 1 in 302 million. Nevertheless, it’s worth considering what you’d do if you manage to beat the odds. For Friday night’s drawing, matching all six numbers pulled would mean landing $421 million. The
Month: January 2022
Federal Reserve Chairman Jerome Powell speaks during his re-nomination hearing before the Senate Banking, Housing and Urban Affairs Committee on Jan. 11, 2022 in Washington. Brendan Smialowski-Pool/Getty Images The Federal Reserve is expected to raise interest rates soon from rock-bottom levels to cool inflation. The Personal Consumption Expenditures Price Index jumped by 5.8% in December
Michael Cannon-Brookes, co-CEO, Atlassian Scott Mlyn | CNBC Atlassian shares rose as much as 10% in extended trading on Thursday after the provider of collaboration software reported fiscal second-quarter earnings that topped estimates and raised its forecast for subscription revenue. Here’s how the company did: Earnings: 50 cents per share, adjusted, vs. 39 cents as
Loading chart… ThredUp: “See, that’s the kind of stuff [that] used to work. An interesting growth clothing exchange. I’ve just go to tell you [it’s a no-go].” Loading chart… Asana: “There are 72,000 collaborative software companies. 72,000. Now, OK, not really, but there’s a bunch, and I don’t want them. They’re not working.” Loading chart…
urbazon | E+ | Getty Images An inflation gauge closely watched by the Federal Reserve has reached a record high. The core Personal Consumption Expenditures Price Index climbed 4.9% from a year ago in December. The index measures the prices people pay in the U.S. for goods and services, excluding food and energy, which tend
The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday. “I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory. “We have to
Rihanna, the singer and CEO of Fenty Beauty, may not have a lot in common with former Twitter CEO Jack Dorsey. But the two entrepreneurs have found common ground in philanthropy, using their wealth to support people left vulnerable by climate change. This week, Rihanna’s Clara Lionel Foundation (CLF) joined forces with Dorsey’s #StartSmall initiative
Coinbase launched its own debit card in an effort to promote the use of cryptocurrencies in payments as well as investing. Coinbase Visa said during its recent earnings call that customers made $2.5 billion in payments with its crypto-linked cards in its fiscal first quarter of 2022. That was 70% of the company’s crypto volume
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the
Home test kits, specifically iHealth COVID-19 Antigen rapid self-tests, are stacked for delivery in Boston on Jan. 5, 2022. Lane Turner | Boston Globe | Getty Images The White House on Friday said 60 million households have ordered free at-home Covid tests through the government’s new website. “Already tens of millions of tests have gone
Step inside the London Metal Exchange Ring, Europe’s last remaining face-to-face or “out-cry” trading floor.
Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images The specter of rising interest rates is spooking the stock market. The Federal Reserve, the U.S. central bank, is expected to increase its benchmark rate several times this year
A Falcon 9 rocket launches the GPS III SV05 satellite on a mission for the U.S. Space Force on June 17, 2021. SpaceX Elon Musk’s SpaceX broke its own annual orbital launch record last year, and it’s looking to pick up the blistering pace further in 2022 to an average rate of one per week.
In this article MC-FR French luxury group LVMH Chairman and Chief Executive Officer Bernard Arnault Eric Piermont | AFP | Getty Images LVMH Chief Executive Bernard Arnault said Thursday that the metaverse could become a business opportunity for the luxury giant, but “we have to be wary of bubbles” and “we have to sound a
Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE Stock futures rose in overnight trading Thursday, boosted by a jump in Apple shares, as Wall Street looks to wrap up a roller-coaster week on a high note. Futures on the Dow Jones Industrial Average gained 200 points. S&P 500 futures climbed 0.8%
In this article AAPL Tim Cook participates in a panel discussion in New York City. Brian Ach | Getty Images Apple reports fiscal first-quarter earnings after the bell. The quarter includes Apple’s holiday sales. It’s also the first full quarter of iPhone 13 sales, which will provide a data point about how Apple’s latest phone
The highly transmissible omicron Covid-19 variant has some travelers thinking twice about air travel again. While travel bookings are surging this year, some people are sticking with one of the biggest trends to have emerged from the pandemic: the road trip. “With driving you can significantly lower your risk of exposure when interacting with large
Westend61 | Westend61 | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs amid the so-called Great Resignation. In November, a record 4.5 million workers left their jobs, according to data from the Labor Department. There are also
CNBC’s Jim Cramer on Thursday cautioned investors against rushing to empty or beef up their portfolios based on movements outside of normal U.S. trading hours. “Don’t pay attention to what the futures [are] doing. Pay attention to what you like,” Cramer said on “Squawk Box,” before stocks opened higher Thursday. “We have a lot of
Experian, one of the big three credit bureaus, has launched a new feature on its app that allows consumers with “invisible” credit histories to build a credit report, using transactions not typically included in scoring. Experian says its new program, Experian Go, targets the nearly 50 million consumers who have a nonexistent or limited credit
NurPhoto | NurPhoto | Getty Images One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021’s top-performing hedge fund Senvest Management was able to notch $700 million in
In this article LUV Passenger wait in-line in front of Southwest Airlines counters at Ronald Reagan Washington National Airport on October 11, 2021 in Arlington, Virginia. Alex Wong | Getty Images Southwest Airlines expects to lose money in the first quarter after the omicron variant of Covid-19 hurt staffing and bookings, but it said profits
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri. William Purnell | Icon Sportswire | Getty Images After watching their team eliminate the Buffalo Bills from the playoffs in an instant classic,
Facebook CEO Mark Zuckerberg sits down with Y Combinator President Sam Altman to discuss some of the hardest decisions he’s had to make since starting out at Facebook.
The Federal Reserve laid the groundwork for interest rate hikes Wednesday. At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year’s bond buying after a variety of inflation reports reached their highest levels in decades. Although interest rates will stay near zero for now, Fed officials set the stage
The Good Brigade | DigitalVision | Getty Images Diversity among financial planners improved in 2021 though the industry remains one that leans heavily toward white men, according to statistics issued Wednesday by the Certified Financial Planner Board of Standards. The group, which issues the certified financial planner designation, saw a pronounced uptick in female, Black
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Krisztian Bocsi | Bloomberg | Getty Images LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose. The German lender said profit attributable to shareholders came in at 145 million
In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share
Farmer Oluranti Adeboye, 62, harvests cocoa at Sofolu village in Ogun State, southwestern Nigeria, on June 5, 2018. Pius Utomi Ekpei | AFP | Getty Images The cocoa industry faces urgent challenges. Its long-term sustainability is threatened by numerous factors, including, intolerably, the risk of child labor on cocoa farms. This problem won’t be solved
Marko Geber | DigitalVision | Getty Images The IRS has issued all third-round stimulus payments to eligible Americans, the agency said Wednesday. However, new parents and other recipients who added dependents in 2021 may still qualify for additional money. The payments, up to $1,400 a person, were authorized by the American Rescue Plan Act, a
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