Fed’s James Bullard expresses confidence that the economy can achieve a ‘soft landing’

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, even though he expects the central bank will need to keep hiking rates to control inflation. “I think that inflation has come in hotter than what I would have expected…

A 45-year-old who’s been ‘fake retired’ for 10 years shares the surprising lessons he learned when he tried to retire early

In June 2012, at 34 years old and after 13 years of working in investment banking, I wanted out. So I decided to negotiate a severance, retire early, and live off passive income through my rental properties, stock dividends and e-book sales. But just one year in, I realized that the life of travel and leisure…

With domestic fares down 25% since spring, now’s the time to book flights for fall trips, travel app study finds

d3sign | Moment | Getty Images Would-be travelers looking to fly this fall may want to book their plane trips now, with travel app Hopper reporting that airfares are dropping this month from peak summertime prices. “September and early October will be the cheapest times to travel, while August and early September will be the…

2022 Sales Tax Holidays: Bad Policy Any Year, But Especially in Response to High Inflation

Key Findings Seventeen states will hold a sales tax holiday in 2022, down from a peak of 19 in 2010 and unchanged from last year. Sales tax holidays do not promote economic growth or significantly increase consumer purchases; the evidence (including a 2017 study by Federal Reserve researchers) shows that they simply shift the timing…

Starbucks earnings beat Wall Street estimates, fueled by U.S. demand

In this article SBUX An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, fueled by demand in the U.S. for its cold coffee…

AMD beats on earnings and revenue, but third-quarter forecast comes in light

In this article AMD Chris Stowers | Bloomberg | Getty Images AMD reported results for the quarter ending in June that beat estimates for profit and revenue, but the chipmaker gave a forecast for the current quarter that trailed Wall Street expectations. AMD stock fell 5% in extended trading. Here’s how the company did: EPS:…

Stocks making the biggest moves after hours: PayPal, Airbnb, Match Group, Caesars and more

A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in extended trading. Match Group — Shares of the dating app operator tumbled as much as 23% after the company reported revenue of $795 million for the second quarter, compared with…

The jet-tracking teen stopped tweeting Mark Cuban’s flights for free, but refused $5,000 from Elon Musk for the same thing

If you want Jack Sweeney to stop publicly tracking your private jet on Twitter, take a leaf out of Mark Cuban’s book and offer the 19-year-old something better than money: friendship. Sweeney, a sophomore at the University of Central Florida, is the teenager responsible for 30 automated Twitter accounts that collectively track the flights of…

Want to know how a Social Security benefit cut would affect you? There are calculators for that

Insta_photos | Istock | Getty Images Many Americans are pessimistic about the future of Social Security, and the pandemic has made it even worse. A recent survey found 59% of people now worry more about Social Security running out of funding than they did before the onset of Covid-19, according to Nationwide Retirement Institute. And…

Earning Passive Activity Income and What It Means for Your Taxes

If making money with minimal effort is a financial goal of yours, passive income just might be the answer. But what exactly counts as a passive activity from a tax standpoint? Let’s look at the different ways the IRS says you can earn passive activity income and how it affects your taxes. What is passive…

JetBlue forecasts return to profit in third quarter, holds back on growth as costs surge

In this article JBLU JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways said Tuesday that it expects to return to its first profit since the Covid pandemic began this quarter and that it would remain cautious on…