British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters LONDON — U.K. borrowing costs are nearing levels not seen since the throes of the bond market crisis triggered by former Prime Minister Liz Truss’ disastrous mini-budget. New data on Wednesday showed that the U.K. consumer
In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation cools, consumers still show signs of strain. As of April, the share of adults feeling stretched too thin held nearly steady at 61%, according to a new LendingClub report. However, high-income earners are increasingly under pressure, LendingClub found. Of those earning more than
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Jane Fraser, chief executive officer of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, DC, US, on Wednesday, March 22, 2023. Valerie Plesch | Bloomberg | Getty Images Citigroup announced
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 19% in extended trading. Here’s how
In this article ELF GES AEO SNOW NVDA Follow your favorite stocksCREATE FREE ACCOUNT The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making headlines after hours. Nvidia — Nvidia shares surged 19% in extended trading. The chipmaker
President Joe Biden and House Speaker Kevin McCarthy, R-Calif., meet in the Oval Office on May 22, 2023. Saul Loeb | AFP | Getty Images As President Joe Biden and House Speaker Kevin McCarthy, R-Calif., continue to negotiate ahead of a June debt ceiling deadline, experts are warning that Social Security checks could be at
kali9 Young adults in the United States are taking longer to reach “key life milestones,” including financial independence from parents and living on their own, compared to four decades ago, according to a Pew Research Center analysis released on Tuesday. In 2021, adults who were 21 were less likely to have a full-time job; be
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People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround. Shares jumped more than 12% in premarket trading. related investing news Here’s the secret sauce that fueled
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Shares of Abercrombie & Fitch soared 18% in premarket trading Wednesday after the mall retailer beat estimates, raised its guidance and reported a
Izusek | E+ | Getty Images The 2023 summer travel season is expected to be a busy one, making federal programs like TSA PreCheck especially helpful for fliers, according to experts. Such programs carry fees but generally save travelers time at the airport. However, relatively long processing times — as with recent passport applications —
A single piece of advice from an investor helped Airbnb CEO Brian Chesky grow his company from a struggling startup to an industry giant worth roughly $70 billion. That’s according to Chesky himself, who told attendees at a recent Stanford Graduate School of Business event that it was “the best piece of advice I ever
Three years after the Covid pandemic, there are more than 1 million fewer students enrolled in college. “Overall, undergraduate enrollment is still well below pre-pandemic levels, especially among degree-seeking students,” said Doug Shapiro, executive director of the National Student Clearinghouse Research Center. Only community colleges notched enrollment gains in the current semester, while enrollments in
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. That is the highest
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT Nike CEO John Donahoe interviewed by Sara Eisen at the CNBC CEO Council Summit in Santa Barbara, California. Randy Shropshire | CNBC As a political battle rages between Florida Gov. Ron DeSantis and Disney, Nike CEO John Donahoe said it’s important for corporations to choose
The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel. Maskot | Digitalvision | Getty Images Europe and Israel mint an average of five tech startups for every venture-backed company with a valuation of $1 billion or more, according to a new report from
Netflix sign-in page displayed on a laptop screen and Netflix logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland, on Jan. 2, 2023. Jakub Porzycki | Nurphoto | Getty Images Netflix‘s crackdown on password sharing has come to the U.S. The streaming service said it began alerting members
A major activist investor is betting stalled return-to-office plans will stir up more trouble in commercial real estate. Land and Buildings’ Jonathan Litt has been shorting REITs with high office space exposure for three years, and he has no plans to shift gears. “If you have no rent growth and your vacancies are going up
D3sign | Moment | Getty Images Taxpayers who use peer-to-peer payment apps like Venmo and PayPal and e-commerce companies such as eBay, Etsy and Poshmark may be receiving a new-to-them tax form next year — one that’s worth some advance planning. Starting this tax year, such companies must use a new, lower threshold when issuing