zimmytws | iStock | Getty Images As the November midterm elections approach, leaders on both sides of the aisle are trading barbs on one key program that affects millions of Americans: Social Security. Over the weekend, President Joe Biden called out certain lawmakers on Twitter, including Republican Sens. Rick Scott of Florida and Ron Johnson
Month: August 2022
If there’s one thing Kevin O’Leary has learned from more than three decades as an investor, it’s that not every bet pays off. On ABC’s “Shark Tank,” O’Leary has invested more than $8.5 million in roughly 40 companies since the show debuted in 2009, according to an estimate from Sharkalytics. The longtime investor and chairman
Reuters Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the beleaguered retailer tumbled 19.8% after it outlined a strategic plan that only confirmed investor fears that the company will struggle to turn around its business. Bed Bath also filed to sell an undisclosed amount of stock in
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news for the “buy now, pay later” pioneer. The Swedish payments firm generated revenues of 9.1 billion Swedish krona ($950 million) in
In this article BBBY A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond on Wednesday announced swift and significant steps it is taking to try to revive its struggling business, including layoffs, store closures and a
Extend creativity and tell a bigger story with DALL-E images of any size Today we’re introducing Outpainting, a new feature which helps users extend their creativity by continuing an image beyond its original borders — adding visual elements in the same style, or taking a story in new directions — simply by using a natural
In this article F HOUSTON, TEXAS – AUGUST 29: Students study in the Rice University Library on August 29, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images The U.S. Department of Education could have its application for student loan forgiveness up and running as soon as within the next few
Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwood College, delivering $1.5 billion in relief to 79,000 borrowers. The cancellation covers students who attended any location of Westwood College, including online programs, from
In this article CRWD HPQ CHWY PVH Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines after the bell: Chewy — Chewy shares slumped 8%
In this article RCL Royal Caribbean International’s Anthem of the Seas cruise ship calls at Greenock port on July 22, 2021 in Greenock, Scotland. Jeff J Mitchell | Getty Images Royal Caribbean Cruises will begin offering onboard internet via SpaceX’s Starlink satellite network, the cruise line company announced Tuesday. The partnership is an effort to
Consumers are increasingly relying on credit cards to make ends meet, but it hasn’t significantly impacted their financial standing — at least when it comes to their credit rating. The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a new report from FICO, developer of one of
“It will be enough for us to start talking realistically about purchasing a home,” said Dara Zucker, 28, of student loan forgiveness. Zucker and her fiancé have been looking for a house in Tampa, Florida. They budgeted $250,000 for a 1,400-square foot home, but between the unpredictable housing market and her $38,877 student loan balance,
Stan Horwitz and his family didn’t have any plans regarding long-term care until there was a crisis. His father, Martin, was in his late 80s and lived alone. He was reluctant to accept any assistance from his children. One day, Stan and his sister found their dad unconscious in his living room after a fall.
In this article BBBY BIG NKLA FANG JACK BBY FSLR A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots – Shares jumped 7.8% after the discount retailer posting a smaller-than-expected loss for the recent quarter.
In this article BBY Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the fiscal second quarter, as the retailer felt a pullback from inflation-weary shoppers. The company’s shares rose about 4% in early trading,
Grainwave, a Belgian-Style white ale, THC infused, non-alcoholic cannabis beer at the Ceria Brewing Co. at the Keef Cola facility December 13, 2018. Andy Cross | Denver Post | Getty Images You can smoke it, vape it and eat it. Now as more U.S. states legalize recreational marijuana, companies are betting people will also want
A customer shops in a Kroger grocery store on July 15, 2022 in Houston. Brandon Bell | Getty Images Many consumers have suffered sticker shock at the grocery store due to record high inflation. But another surprise that’s grabbing consumers’ attention — and even trending on TikTok — is “shrinkflation.” Almost two-thirds, 64%, of all
Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20%
From waiting tables to living in a basement apartment, three travel hosts tell CNBC about how they got to where they are. Here are their stories. Samantha Brown Job: Emmy-award winning TV host of “Samantha Brown’s Places to Love“Started in: Comedy “I went to Syracuse University for musical theater because I so desperately wanted to
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair of Morgan Stanley Asia, warns the U.S. needs a “miracle” to avoid a recession. “We’ll definitely have a recession as the lagged impacts of this major monetary
CAPE CANAVERAL, Florida – NASA postponed its Artemis I launch Monday after issues emerged during countdown, delaying the debut of its towering rocket and its long-awaited mission to the moon. The agency was slated to launch its Artemis I mission from the Kennedy Space Center during a two-hour launch window that opened at 8:33 a.m.
Silk craft villages have dotted Vietnam for hundreds of years. They make silk by hand in a tedious 30-step process. Craftspeople feed the silkworms every four hours so they spin brilliantly yellow cocoons. And turning those cocoons into silk is even more delicate work. In the 2010s, as cheaper, fake silk flooded the market and
Student-loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for those making less than $125,000 a year in Washington, D.C., on Aug. 25, 2022. The Washington Post | The Washington Post | Getty Images When the U.S. Department of Education
Westend61 | Westend61 | Getty Images September has historically been the worst month for stocks. To that point, just two months have delivered an average negative return for stocks since 1945, according to market research firm CFRA: February and September, with the latter being the worst. The Stock Trader’s Almanac reports that, on average, September is
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoin briefly dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path. The world’s largest
In this article DWAC The TRUTH Social website is seen on a mobile device with an image of former US president Donald Trump in the background in this photo illustration in Warsaw, Poland on 23 February, 2022. Nurphoto | Getty Images Digital World Acquisition Corporation, the company that plans to take Trump Media and Technology
Strauss/Curtis | The Image Bank | Getty Images Under the Biden administration’s plans to wipe out some student loan debt, one particular type of need-based financial aid that many borrowers receive could mean qualifying for twice as much in forgiveness. If you were the recipient of a Pell Grant, you may be eligible for up
Ultra-wealthy buyers of supercars show no signs of slowing their spending despite recession fears, according to the CEO of Bugatti Rimac. Mate Rimac said demand for the company’s all-electric Rimac supercars and its combustion-engine Bugattis remains strong, and may even be accelerating. “We don’t see any slowdown at the moment, quite the opposite,” he said.
The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday both sides signed an agreement for cooperation on inspecting the audit work papers of U.S.- listed Chinese companies. Pictured here is the CSRC building in Beijing in 2020. Emmanuel Wong | Getty Images News | Getty Images BEIJING — The risk
NASA plans to launch the Artemis I mission on Monday from Kennedy Space Center in Florida, sending the Space Launch System (SLS) rocket and Orion capsule on a more than month-long journey around the moon. — The uncrewed launch marks the debut of the most powerful rocket ever assembled and kicks off NASA’s long-awaited return
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