The Burj Khalifa in the United Arab Emirates is the world’s tallest structure. It stands At 2,716 feet tall thanks in part to its advanced technology.
Month: January 2023
Getty Images Collectively, workers may have forfeited an estimated $1 billion in their health-care flexible spending accounts last year. Yet depending on your employer’s rules for those FSAs, which let workers save pre-tax money to pay for qualifying health expenses, you may have sidestepped being part of that cohort — at least for now. While
In this article MDGL CVNA LW BYND Follow your favorite stocksCREATE FREE ACCOUNT Traders on the floor of the NYSE, June 24, 2022. Source: NYSE Traders who shorted stocks won big in 2022, according to S3 Partners. Shorted stocks had a return of 30.8% in 2022, said Ihor Dusaniwsky, the firm’s managing director of predictive
Marko Geber | DigitalVision | Getty Images If you didn’t pay enough taxes in 2022, there’s still time to avoid a “surprise tax bill” and bypass extra penalties, according to the IRS. The deadline for fourth-quarter estimated tax payments for 2022 is Jan. 17, which applies to income from self-employment, investments, gig economy work and
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is weathering upcoming earnings season first. related investing news Citi strategist expects weakness in early
In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images Vince McMahon is staging a comeback at
Credit card interest rates reached record highs last year and there is still more to come in 2023, according to Greg McBride, chief financial analyst at Bankrate.com. Credit card rates are now more than 19%, on average — an all-time high — after rising at the steepest annual pace ever, in step with the Federal Reserve’s interest rate hikes to combat
As her 40-year central banking career comes to a close, Kansas City Federal Reserve President Esther George is advising her colleagues to stay tough in their efforts to stamp out runaway inflation. George said Thursday that she thinks the Fed should raise its benchmark borrowing rate above 5% and keep it there until there are
When Elon Musk became the first person in history to lose more than $200 billion in net worth, the door opened for someone new atop the rankings of the world’s wealthiest people. That would be France’s Bernard Arnault, the 73-year-old co-founder and CEO of LVMH, the luxury goods conglomerate known for operating iconic brands like
In this article SHOP-CA CAG STZ AMZN Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Silvergate — Shares of the crypto-focused bank tumbled more than 42%
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT Walgreens Boots Alliance on Thursday reported fiscal first-quarter earnings that beat Wall Street’s estimates after an early flu season boosted demand for cough and cold medicine. The company said it also raised its full-year revenue outlook due in part to its U.S. health-care segment’s just-sealed
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy. The retailer, citing worse-than-expected sales, issued
The Navigator paper company is Europe’s largest manufacturer of printing and writing paper, and the sixth largest producer in the world. We went to Portugal and visited a eucalyptus field, a nursery, and one of their paper mills to see how Navigator produces 1.6 million tonnes of paper a year. MORE BIG BUSINESS VIDEOS: How
The North Korea leader’s temporary disappearance and rumours of ill health have put the spotlight on his sister Kim Yo Jong as a potential successor. The FT’s Korea and Washington correspondents talk to Jung Pak, author and former CIA officer. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a
NIO is the latest electric vehicle-maker to earn the aspirational label of “Tesla Killer.” As the fastest growing EV company in China, it has a legitimate shot given that China is the biggest purchaser of EVs worldwide. However, just two years ago, NIO was almost bankrupt–a common problem in this nascent sector. In order to
Howard Schultz says that even though Starbucks is a massive operation, “it’s still early days” for the organization and you can expect much more growth.
Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. For the first time, just over 15% of consumers who financed a
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there have been signs of slowing inflation, the Federal Reserve is expecting higher interest rates to continue. “It looks like this year might be a
WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting. At a meeting where policymakers raised their key interest rate another half a percentage point, they expressed the importance of
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year.
Filadendron | E+ | Getty Images The share of workers who quit their jobs jumped in November for the first time since last spring — and they’re getting a big pay bump for moving, data shows. The “quits rate” among U.S. workers was 2.7% in November, up from 2.6% the prior month, according to U.S.
In this article 9961-HK BIDU 9999-HK JD BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 and Dec. 24, according to the latest Mastercard SpendingPulse survey. For many consumers, the amount of debt they took on to pay for holiday purchases grew as well.
In this article HON PFE MU BABA BABA MSFT CRM WYNN Follow your favorite stocksCREATE FREE ACCOUNT The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung | Bloomberg | Getty Images Check out the companies making
In this article GM 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT 2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold
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Cyberpunk 2077 was one of the most anticipated video games of all time. Its developer, Poland’s CD Projekt Red, was beloved by fans and critics alike. But inside the company, employees depicted a process marred by poor planning, technical shortcomings and unrealistic timelines. When it came to building one of the most complex games ever
In 2019 New York City will have a new neighborhood – Hudson Yards. CNN Money’s Vanessa Yurkevich gets an all access tour from Related Companies C.E.O. Stephen Ross.
Valentinrussanov | E+ | Getty Images As the Federal Reserve continues to hike interest rates, you may assume you’re earning more on the money in your savings account. But that may not be the case. related investing news Baird upgrades Block, says ‘The Street loves a comeback story’ Samantha Subin 12 hours ago 2023 looks