In this article DIS Disney Co. executives CEO Bob Chapek, left, and Bob Iger, executive chairman, deliver remarks at Cinderella Castle at the Magic Kingdom during the rededication ceremony marking the 50th anniversary of Walt Disney World, in Lake Buena Vista, Florida, Thursday night, Sept. 30, 2021. Joe Burbank | Tribune News Service | Getty
Month: August 2022
As long as monogamy has existed, so has cheating. What makes people stray from the ones they love? We wanted to find out specifically what drives men to be unfaithful. We talked to a leading expert on the topic, M. Gary Neuman, a psychotherapist and the author of “The Neuman Method” and “The Truth About
In this article FTCI Srdjanpav | E+ | Getty Images The Federal Trade Commission announced this week that it would send thousands of checks totaling more than $822,000 to student loan borrowers who lost money in a debt-relief scam. More than 14,500 consumers who paid money to a company that operated under the name Student
Simonskafar | E+ | Getty Images President Joe Biden on Tuesday signed into law the Inflation Reduction Act, which contained the largest climate spending package in U.S. history. The legislation earmarks $369 billion for climate and energy policies, including financial incentives for consumers and businesses that take steps to boost energy efficiency and reduce greenhouse
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX rode the crypto craze to a billion dollars in revenue last year while
In this article NVAX A box of the Novavax Covid-19 vaccine arranged at a pharmacy in Schwenksville, Pennsylvania, US, on Monday, Aug. 1, 2022. Bloomberg | Bloomberg | Getty Images Biotechnology company Novavax announced on Friday that its Covid-19 vaccine has been authorized for emergency use by the U.S Food and Drug Administration for adolescents
Impulse buys can quickly erode even the best financial plans. And yet, between sponsored posts on social media and “revenge spending,” they are nearly impossible to avoid. As the cost of living surges and more Americans say they are stretched too thin amid concerns about a possible recession, they’re dipping into their cash reserves and nearly half are falling
In this article MASI Dobrila Vignjevic | E+ | Getty Images Company: Masimo (MASI) Business: Masimo is a global medical technology company that develops, manufactures and markets a variety of noninvasive monitoring technologies and hospital automation solutions. Their core business is measure-through-motion and low perfusion pulse oximetry. They sell highly technical pulse oximeter devices to
Treasury Secretary Janet Yellen speaking at a news conference on July 14. Made Nagi | Reuters With President Joe Biden‘s sweeping tax, health and climate package newly signed into law, Treasury Secretary Janet Yellen is asking the IRS to deliver a plan within six months for the agency’s nearly $80 billion in funding. “The Inflation
In this article OXY BRK.A Warren Buffett at press conference during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped10% on the news to close at $71.29 apiece, pushing their 2022 gains
Wouldn’t it be nice if your kid grew up to become an entrepreneur? Entrepreneurs, in my view, are not just founders of for-profit businesses. They are resilient, hard-working people who start something, who come up with ideas and bring them to life, and who turn passion into projects. As research for my book, “Raising an Entrepreneur,” I interviewed 70 parents
Getty Images As Generation X edges closer to retirement, inflation appears to be weighing more heavily on that age group than other adults. Compared with millennials (ages 26 to 41) and baby boomers (ages 58 to 76), a larger share of Gen Xers (ages 42 to 57) are concerned about the nation’s economic outlook, maintaining
U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden‘s sweeping tax, health and climate package — adds a
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX, the crypto exchange controlled by Sam Bankman-Fried, received a cease-and-desist warning on Friday
In this article WMT Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on Friday told employees that it will expand abortion and related travel coverage, according to an internal memo.
Drazen Zigic | Istock | Getty Images The U.S. Department of Education is giving federal student loan borrowers who’ve fallen behind on their debt a chance to get into current standing. As part of its “Fresh Start” initiative, the 7.5 million student loan borrowers who are in default will be able to return to repayment
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half
1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Monterey Car Week are expected to total between $300 million and $490 million, according to Hagerty Automotive Intelligence, the classic-car insurance and collector-lifestyle company. Experts say
In this article COIN BBBY FL DE Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expected sales. Deere earned $6.16 per share, below the consensus estimate of $6.69, as it successfully implemented price hikes but
In this article GM Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – General Motors is reinstating a quarterly cash dividend for shareholders that was cut to preserve
Getty Images Another state has joined the growing list of those aiming to boost retirement savings among workers at companies that don’t offer a 401(k) or similar workplace plan. Delaware Gov. John Carney signed a bill into law on Thursday that will create a state-run program to automatically enroll eligible private sector workers in Roth
In this article BBBY Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm
Spain is one of the world’s most-visited countries, drawing more than 83 million travelers in 2019, according to the United Nations’ World Tourism Organization. In terms of international arrivals, that makes it second only to France. But the Spanish are also avid travelers within their own country, with nearly 93% choosing to travel within Spain
In this article CSCO BBBY BJ WOLF WBA Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat estimates. Cisco also provided a better-than-expected forecast for 2023. Bed Bath & Beyond — The latest
In this article 700-HK Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the technology giant. Here’s how Tencent did in the second quarter, versus Refinitiv consensus estimates: Revenue: 134.03 billion Chinese yuan ($19.78 billion) vs. 134.6
In this article SBUX Starbucks Chief Operating Officer John Culver is departing the company after two decades with the coffee chain, as part of a restructuring that will eliminate his role. His exit comes in the middle of a broader executive reshuffling at Starbucks. Former CEO Kevin Johnson retired earlier this year, leading Howard Schultz
Representative Ilhan Omar (D-MN) joins activists in a demonstration outside an entrance to the White House calling for the cancellation of student debt in Washington, U.S., April 27, 2022. Evelyn Hockstein | Reuters Planning his budget for next month, Scott Heins doesn’t know if he’ll have the usual cash he needs for his health-care expenses
It’s an island that is closer to France than to England — yet it is part of the British Isles. It’s home to miles of tunnels built during World War II — but by German rather than British soldiers. And it has lower taxes than the U.K. and its own financial rules. The island of
In this article BBWI CSIQ EL TPR BJ KSS Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s shares slid 7.2% in the premarket after the retailer cut its full-year forecast due to increased promotional activity and higher costs. Kohl’s most recent quarter beat Street forecasts for revenue and profit. BJ’s
In this article KSS People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes and
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