James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019. Luke MacGregor | Bloomberg | Getty Images The St. Louis Federal Reserve announced Thursday that Jim Bullard will step down from his post as president, effective Aug. 14. The
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Jetcityimage | Istock | Getty Images As inflation falls, investors are weighing whether to buy or sell Series I bonds amid other competitive options for cash. Annual inflation rose by 3% in June, the smallest 12-month jump since March 2021, and a hefty pullback from 9.1% in June 2022, according to the U.S. Bureau of Labor
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Iger, CEO, Disney at the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho David A. Grogan | CNBC Disney CEO Bob Iger opened the door to selling the company’s linear TV assets as the business struggles during the
Amazon delivery package seen in front of a door. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Alphabet — The Google parent company added 4.4% after launching its large language model, Bard AI, in Brazil and the European Union. Cirrus Logic — The chipmaker fell more than
In this article MC-FR Follow your favorite stocksCREATE FREE ACCOUNT TAG Heuer is riding a wave of marketing successes and new launches to grow its market share in the luxury watch world, according to its CEO. The company, which is owned by LVMH, opened a flagship boutique on Manhattan’s Fifth Avenue on Wednesday as part
Social Security has likely touched your life or the life of someone you know. This safety net provides income for beneficiaries including retired and disabled workers, and their dependents. While you’re working, a chunk of your paycheck goes toward Social Security. When you’re retired, it’s often a key income stream. “It’s the biggest single source of
mapodile | E+ | Getty Images After a more than three-year payment pause, federal student loan bills will once again be part of Americans’ lives this fall. But borrowers should try not to fall into the “student loan identity” trap. More than a decade ago, online advice columnist and best-selling author Cheryl Strayed addressed the
Virojt Changyencham | Moment | Getty Images With some employees pushing back against return-to-office plans and the hybrid work model of three days a week in person seeming to be the sweet spot, the idea of bringing workers back to the office for a five-day workweek appears to have hit a wall. Office attendance has
FBI Director Christopher Wray testifies before the House Judiciary Committee during a hearing on “Oversight of the Federal Bureau of Investigation,” on Capitol Hill in Washington, DC, on July 12, 2023. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) Saul Loeb | Afp | Getty Images China is requiring U.S.
The Public.com app displayed on a smartphone. Gabby Jones | Bloomberg | Getty Images American stock brokerage startup Public launched its services in the U.K. Thursday, marking its first international expansion its launch in 2017. The app, backed by celebrities including Will Smith and skateboarding legend Tony Hawk, will offer U.K. users commission-free trading in
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines’ new first-class seat. Courtesy: United Airlines United Airlines on Wednesday unveiled its first new seat in nearly a decade for passengers at the front of the plane, becoming the latest carrier to upgrade its cabin as airlines battle for high-paying travelers. The new
A shopper at Lincoln Market in Brooklyn, New York, on June 12, 2023. Michael M. Santiago | Getty Images News | Getty Images Inflation slowed sharply in June to its slowest pace in more than two years, translating to less of a pinch on the average consumer’s wallet thanks to price relief across categories like
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang Mach-E vehicles at a Ford dealership in Colma, California, on July 22, 2022. Bloomberg | Getty Images After a home, buying a car is the most expensive purchase most consumers will ever make during their lifetime. The transition to electric vehicles by
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney CEO Robert Iger arrives for the 92nd Oscars at the Dolby Theatre in Hollywood, California on February 9, 2020. Robyn Beck | AFP | Getty Images The Walt Disney Company will extend CEO Bob Iger’s deal by two years, extending his tenure through 2026.
A pedestrian walks by a Domino’s Pizza restaurant in San Francisco, Feb. 23, 2023. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday. Domino’s Pizza — The stock popped nearly 11% after Domino’s announced U.S. consumers can now order its products through Uber’s Uber Eats and
Mark Cuban often sits quietly while his “Shark Tank” co-hosts are in a bidding war — and it isn’t a coincidence. The billionaire investor learned how to use silence to his advantage, he said in a recent discussion with best-selling author Chris Voss on Fireside, the streaming audio app Cuban co-founded. Instead of being first
President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Chip Somodevilla | Getty Images President Joe Biden doesn’t want the Supreme Court to get the final word on student loan forgiveness. “This fight is not over,” the president said in
Pgiam | Istock | Getty Images A cottage industry of specialist firms has sprung up to help business owners claim the Employee Retention Credit (ERC), a governmental tax incentive intended for companies stressed by the pandemic. But businesses need to be careful not to get hoodwinked. There are strict eligibility requirements for the ERC —
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