andresr | E+ | Getty Images IRA rollovers are common for job switchers, retirees Investors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is a...
Tag: business news
RH, Carnival, Universal Health Services and more
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines in midday trading Thursday. RH — Shares of RH fell 1...
Investors see few gains in stocks the rest of 2022, CNBC survey shows
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. Brendan Mcdermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) A m...
Disney to launch Wish cruise ship
Captain Minnie poses on board Disney’s newest cruise ship The Wish. Disney It’s been a decade since Disney has expanded its cruise fleet. Its newest addition, set to launch in a couple wee...
Walgreens (WBA) Q3 2022 earnings
Walgreens Boots Alliance on Thursday said its quarterly sales declined and profits got hit by waning Covid-19 vaccination demand, heavy investments in its health-care business and an opioid settlement...
Spirit again delays shareholder merger vote to continue talks with Frontier, JetBlue
A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday de...
Nikola vote to issue new stock seeks to counter founder Trevor Milton
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Walgreens, Constellation Brands, RH and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue ...
Cramer warns investors not to group all stocks of the same sector together – ‘No two stocks are truly alike’
CNBC’s Jim Cramer on Wednesday told investors that despite what might be happening in the market, they shouldn’t judge a stock based on its industry peers’ performance. “These ...
Charts suggest recent commodities boom will come down long term
CNBC’s Jim Cramer on Wednesday said that while the commodities market could see a short-term upside, it will ultimately come down in the long term. “The charts, as interpreted by Carley Ga...
Palantir CEO Alex Karp on fighting with Peter Thiel and progressives
As U.S. companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shoul...
Pinterest improving boards to help people ‘take more action,’ CEO says
Pinterest is working on helping users take tangible actions on their mood boards and pins, new CEO Bill Ready told CNBC’s Jim Cramer on Wednesday. “There’s a lot we can do to help th...
North Korea likely behind $100 million Horizon crypto hack: Experts
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of...
China’s Xi arrives in Hong Kong in first trip off mainland since pandemic
Chinese President Xi Jinping is pictured here speaking during the unveiling of the Communist Party’s new Politburo Standing Committee on October 25, 2017 in Beijing, China. Lintao Zhang | Getty ...
Chinese plans to save hit a record high in Q2; job concerns rise
Education remained the most popular category for Chinese consumer’s planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China...
Here’s what’s hot — and what’s not — in fintech right now
There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas...
Economy still not ready for big rate hikes ahead, Wells Fargo CEO says
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflati...
Stock futures are flat as S&P 500 tracks for worst first half of the year since 1970
U.S. stock index futures were flat during overnight trading Wednesday, as the S&P 500 prepares to wrap its worst first half in decades. Futures contracts tied to the Dow Jones Industrial Average a...
Debt collectors’ ‘pay-to-pay’ fees ‘often illegal’: watchdog agency
Anchiy | E+ | Getty Images Certain “junk” fees often levied by debt collectors are illegal under federal law, the Consumer Financial Protection Bureau said Wednesday. Debt collectors charg...
How to buy Series I savings bonds via TreasuryDirect
Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return th...
LVMH buys California wine giant Joseph Phelps as high-end drinks market soars
LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. Th...
A $1 million Mega Millions ticket is about to expire
It looks like a Mega Millions player is about to join the ranks of lottery winners who end up missing out on a windfall. A ticket purchased in Lewisville, North Carolina, and worth $1 million will exp...
How to save money on summer cooling bills as energy prices rise
A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Tips for efficient en...
Bed Bath & Beyond, Carnival, Upstart and more
A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath &...
Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division
A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes u...
Unilever reaches deal to keep selling Ben & Jerry’s ice cream in Israel
Consumer products giant Unilever said it reached a deal that will let its Ben & Jerry’s ice cream continue selling in Israel. The company said Wednesday that it sold the Israeli branch of th...
Powell vows to prevent inflation from taking long-run hold in the U.S.
U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chairman Jer...
Bed Bath & Beyond (BBBY) Q1 2022 earnings
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond is replacing CEO Mark Tritton in a leadership shakeup after the ret...
Starz could turn into ‘acquisition machine’ after spinoff from Lionsgate
Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next ye...