The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. Even so, consumers likely will get no relief from current sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25% to 5.5%, the
Month: November 2023
In this article SAVE JBLU Follow your favorite stocksCREATE FREE ACCOUNT The JetBlue drop-off area at New York’s LaGuardia Airport on Oct. 31, 2023. Leslie Josephs/CNBC JetBlue Airways stock tumbled to a nearly 12-year low Tuesday as the company forecast a loss for the fourth quarter and heads to court to defend its acquisition of
In this article CVS Follow your favorite stocksCREATE FREE ACCOUNT A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022. Brendan Smialowski | AFP | Getty Images CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street’s expectations, lifted in part by strong revenue from the company’s health
Aston Martin DBS Superleggera (c) Paul A. Eisenstein | TheDetroitBureau Aston Martin shares plunged more than 16% on Wednesday morning after the British luxury carmaker cut its volume target due to production problems for its new DB12 sports model and posted a bigger-than-expected quarterly loss. This is a breaking news story and will be updated
Jewel Inostroza was very excited when she bought her home in Newnan, Georgia, in 2008. “It seemed like it was a very nice, cozy, close-knit community,” said the 54-year-old. “Then it started turning into a horror story.” Inostroza is the only one listed on the deed, but she and her husband Enrique, 48, share financial
TCJA Strongly Boosted Corporate Investment, Study Finds Skip to content Home • Blog • New Study Finds TCJA Strongly Boosted Corporate Investment The 2017 Tax Cuts and Jobs Act (TCJA)The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. It was pro-growth reform, significantly lowering marginal
In this article ABI-BE Follow your favorite stocksCREATE FREE ACCOUNT Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S. The brewing giant revealed part of its plan to revitalize
In this article AMD Follow your favorite stocksCREATE FREE ACCOUNT AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images AMD reported third-quarter earnings on Tuesday that beat analyst expectations, though the
Daniel Gonzalez | Moment | Getty Images Working longer is among the best ways to ensure you don’t outlive your retirement savings. The problem is, you can’t count on it as a strategy. When it comes to retirement age, there’s a big gap in expectations versus reality. Americans generally retire earlier than planned — often
Fanatic Studio | Collection Mix: Subjects | Getty Images As Jasper Chan ambled down the grounds of Thailand’s Wat Arun temple in the capital of Bangkok, his attention was hardly on the famed ornate mosaics adorning the temple’s structures. Instead, just as he was about to step through the doorway to tranquility, the 30-year-old legal
High inflation and higher interest rates continue to weigh on American households. As of September, 62% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. “Living paycheck to paycheck remains the main financial lifestyle among U.S. consumers,” the report said. More from
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters BEIJING — China signaled support for property developers and resolving