In this article MAT Follow your favorite stocksCREATE FREE ACCOUNT The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Daniel Becerril | Reuters Barbie-maker Mattel posted fourth-quarter results after market close on Wednesday that came in well below Wall Street’s expectations after
Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul. The lender’s fourth-quarter net loss attributable to shareholders came in at 1.4 billion Swiss francs ($1.51 billion), worse than analyst projections of a loss 1.32 billion Swiss francs, according to Eikon.
The U.S. News & World Report released its 13th annual ranking of the best hotels for travelers this week. The rankings, published Tuesday, are based on three factors: the number of awards received from the travel industry, a hotel’s star rating, and guest reviews from the travel website Tripadvisor. More weight was given to recipients
If picking a college comes down to the financial bottom line, then an in-state public school can look like a particularly good deal. “In-state tuition is half to two-thirds lower than out-of-state,” said higher education expert Mark Kantrowitz and author of “How to Appeal for More College Financial Aid.” These days, that goes a long way
A man enters a building with rental apartments available in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis News | Getty Images Median rents in Manhattan hit a new record in January as a strong job market and limited supply of apartments lifted prices. The median rental price rose 15% to $4,097
If your state issued tax rebates last year, you might have to pay federal income tax on the rebate you received. Maybe. Who knows? Unfortunately, not the IRS—at least not yet. This uncertainty is unfair to taxpayers. Tax experts have long known that the taxability of state rebate payments would be an issue, but the
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three divisions: Disney Entertainment, which includes most of its streaming and media
In this article AFRM Follow your favorite stocksCREATE FREE ACCOUNT Affirm announced it’s cutting 19% of its workforce Wednesday. The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines. Shares were down more than 17% after hours. In his letter to shareholders Wednesday, Founder
In this article WYNN LNC CDAY AFRM MGM HOOD MAT DIS Follow your favorite stocksCREATE FREE ACCOUNT Barbie dolls in the Mattel display at the annual Toy Fair in New York. Stan Honda | AFP | Getty Images Check out the companies making headlines in extended trading. Disney — Shares of the entertainment company rose
Elon Musk attends the 2022 Met Gala at the Metropolitan Museum of Art. Angela Weiss | AFP | Getty Images President Joe Biden drew loud cheers during his State of the Union address Tuesday night when he proposed a new tax on the rich. “Pass my proposal for a billionaire minimum tax,” Biden told Congress.
choja | E+ | Getty Images The solar technology company Nextracker priced its initial public offering just above its stated $20 to $23 per share range, people with knowledge of the transaction told CNBC. The order book for Fremont, California-based Nextracker was “well subscribed,” meaning demand allowed the company to exceed expectations on pricing, sources
President Joe Biden delivers the State of the Union address to a joint session of Congress on Feb. 7, 2023 Pool | Getty Images President Joe Biden used his State of the Union speech on Tuesday to get rare unanimity among Democrats and Republicans on one key issue: protecting Social Security and Medicare. For now,
Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income in the Big Apple would need to pay nearly 69% of earnings to rent the averaged-priced apartment there, the research division
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In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images LOS ANGELES – While shareholders will still be keyed in to see how many subscribers Disney’s suite
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks past the American chain of fast-food restaurants Taco Bell in Spain. Xavi Lopez | Lightrocket | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell. Overall, the restaurant giant
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images FTX’s top bankruptcy, legal, and financial advisors have billed the company more than $19.6 million in fees for work done in 2022, according to Tuesday bankruptcy court filings. More than $10 million of that was for work done in Nov. 2022,
In this article CPRI Follow your favorite stocksCREATE FREE ACCOUNT A general view outside of a Michael Kors location Christopher Jue | Michael Kors | Getty Images Shares of Michael Kors owner Capri Holdings plunged 20% in early trading Wednesday after the company missed earnings expectations and cut its annual profit forecast. High-end fashion companies
In his State of the Union address, President Joe Biden said his administration is cracking down on “junk fees“ — including those from banks as well as hotels, airlines and other service providers. The president said these unnecessary or hidden fees are weighing down families’ budgets and causing financial harm. “Junk fees may not matter to
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