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
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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
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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…
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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
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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
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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
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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
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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
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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,
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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
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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
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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
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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
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