MoMo Productions | DigitalVision | Getty Images Workers may funnel more money into 401(k) plans next year, according to the latest cost-of-living adjustment from the IRS. The employee contribution limit for 401(k) plans is increasing to $20,500 in 2022, up from $19,500, and catch-up deposits for savers 50 and older will still be $6,500. The new amounts
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MoMo Productions | Getty Images When the Covid-19 pandemic first erupted last year, Janel Abrahami quit a job she had been in for less than a year — without anything else lined up. To many, such a move may sound risky. The decision left Abrahami, who lives in the New York metro area, searching for
In this article F CZR SHOO Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters It seems each passing trading session brings a torrent of quarterly earnings and sharp swings for the stocks of the companies reporting results. Positive prints can have
It’s a common refrain: A billionaire loudly promotes potential solutions for climate change while jetting around the world, leaving a sizable carbon footprint. This week, it happened twice. First, Microsoft co-founder Bill Gates — an outspoken advocate for combatting climate change — reportedly celebrated his 66th birthday by hosting dozens of guests, including fellow billionaire
In this article .STI DBSM-SG The building of DBS, Singapore’s largest bank, at the city state’s central business district. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts’ estimates as its chief executive flagged improving business conditions in the months ahead.
In this article RUN Sunrun solar. Source: Sunrun Sunrun said Thursday that its revenue during the third quarter more than doubled year over year as the company’s customer count topped 600,000. Shares of the company dipped as much as 2% during extended trading on Thursday. Here’s how Sunrun did versus analysts’ expectations, as compiled by
In this article .SPX The Fed is tapering, and unlike the central bank’s 2013 reduction in monthly purchases of Treasury bonds and mortgage-backed securities, the stock market took it in stride. Or did it? When then-Fed chair Ben Bernanke surprised the market in 2013 with an indication the Fed would end its bond buying, stocks
New York, Chelsea apartments seen from the High Line park. pidjoe | iStock | Getty Images Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented their own policies to try to keep families in their homes. Despite heavy opposition by landlords, advocates say
Jeff Bezos, left, and Elon Musk Getty Images; Reuters The U.S. Federal Court of Claims ruled against Jeff Bezos’ Blue Origin in the company’s lawsuit versus NASA over a lucrative astronaut lunar lander contract awarded to Elon Musk’s SpaceX earlier this year. Federal judge Richard Hertling sided with the defense in his ruling, completing a
Most people who open or close a credit card see a short-term drop in their credit scores, according to a recent LendingTree analysis of several thousand credit reports. Researchers compared 1,785 users who opened a single new card and 2,412 users who closed a single card. More from Grow:How I went from debt and a low
In this article GOOS-CA DKNG PFE LYV WEED-CA PTON Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask
In this article PINS Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest. Patrick T. Fallon | Bloomberg | Getty Images Pinterest on Thursday reported better-than-expected earnings and revenue for the third quarter despite a decline in monthly users. The company’s stock rose 6% in extended trading after closing at its lowest in over a
Travis Scott performs at Day 1 of the Astroworld Music Festival at NRG Park on Friday, Nov. 5, 2021, in Houston. Amy Harris/Invision/AP Officials confirmed that eight people, including a fourteen and sixteen year old, died and 25 others were hospitalized at the Astroworld music festival on Friday in Houston. Seven of the victims ranged
peakSTOCK | iStock | Getty Images If Democratic lawmakers get their way, Medicare will start covering hearing services for the first time in the program’s history. The coverage, which would take effect in 2023, is included in Democrats’ proposed $1.85 trillion spending bill, dubbed the Build Back Better Act and aimed partly at strengthening the
Prasit photo | Moment | Getty Images Sustainable investing has come into focus as investors direct their cash toward stocks based on so-called ESG factors, but shareholders will need to get involved to create meaningful change at companies. U.S. sustainable funds saw $15.7 billion in net inflows during the third quarter of 2021, according to
If you’re looking for an extremely long-term stock pick from billionaire Bill Gates, here it is: Avoid Big Oil. As the world moves away from fossil fuels and adopts more clean and renewable energy sources, oil giants that have dominated markets for more than a century could be in trouble, the Microsoft co-founder said in
A man speaks with a woman about openings at a bakery at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19, 2021 in Melville, New York. BRYAN R. SMITH | AFP | Getty Images About 357,000 Americans fell off the long-term unemployment rolls in October, as the labor market’s pandemic
In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record
Any C-suite executive looking to lure workers back into the office has likely spent more time thinking about indoor air quality and ventilation over the past year-and-a-half than at any other point in their pre-pandemic life. That’s because healthy buildings have become the latest enticement to bring employees back into the office. As people slowly
skynesher | E+ | Getty Images Inflation is coming for your Thanksgiving feast. In September, the consumer price index — a basket of goods — rose 5.4% from a year ago, nearly hitting a 30-year high, according to data from the U.S. Bureau of Labor statistics. And under those headline numbers, food costs rose 4.6%,
In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,
A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Wealthy real-estate buyers from overseas are expected to descend on the nation’s luxury housing markets Monday, giving a second boost to demand for high-priced apartments and mansions. The U.S. will lift the travel ban on
In this article SHAK PTON GOOS-CA Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more than 34% after the firm reported weakening sales growth
In this article ABNB Rafael Henrique | LightRocket | Getty Images Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading. Here’s how Airbnb did compared
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images CNBC’s Jim Cramer said Friday he believes Peloton shareholders should be on the lookout for an off ramp after the
Building limousines is an elaborate and detailed process. Production begins with an ordinary car being sawed in half. Long steel beams connect the two sections before an outer frame is attached. Once complete, the interior is decked out with disco lights and leather upholstery so you are comfortable during your next party. Here’s an inside
Embattled royal Prince Andrew used his status to help promote a secretive private bank, whose clients included kleptocrats and alleged criminals. The Queen of England’s favorite son developed a close relationship with the bank’s owner, financier David Rowland, whose background could not be more different from his own. This is the story of how these
Veterinary technicians not only have to deal with frightened, helpless animals, but low pay and hefty student loan bills make this stressful job even tougher.
Amid the ongoing pandemic, many high schoolers are rethinking their future plans, and whether that will still include college. A recent survey of high school students found that the likelihood of attending a four-year school sank more than 20% in the last year and a half — down to 48%, from 71%, according to ECMC
nd3000 | iStock | Getty Images There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems. Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers,