Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes

Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed. “Right now, it’s…

Here are key steps women can take to to close the retirement savings gap

moodboard | Image Source | Getty Images Women face a unique set of challenges when it comes to retirement planning. Unfortunately, research shows female workers are coming up short compared to their male counterparts. The good news is there is room for women workers to take steps now to improve their prospects for a better-quality…

Walmart welcomes back annual hometown bash as retailer acknowledges new challenge of inflation

Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, during a CEO Innovation Summit, on December 6, 2018 in Washington, DC. Mark Wilson | Getty Images FAYETTEVILLE, Ark. — Thousands of Walmart employees gathered at a huge…

Stocks making the biggest moves after hours: Lululemon, RH, Okta and more

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Check out the companies making headlines in extended trading. Lululemon Athletica — Shares of the athleisure…

Health insurers poised to pay $1 billion in rebates to 8.2 million people this year

Sdi Productions | E+ | Getty Images There’s a chance your health insurance company owes you some cash. Depending on how you get your coverage, you may be one of the 8.2 million policyholders expected to get a piece of $1 billion in premium rebates this fall from various insurers, according to a preliminary analysis…

8 Changes You Can Make Now to Prepare for Next Tax Season

Let’s all breathe a collective sigh of relief — this year’s filing season is finally over. Now that tax filing is behind you, what could you have done differently? One common mistake taxpayers often make is waiting until tax time to think about their taxes. But by thinking ahead and making some financial tweaks now,…

Kohl’s sale negotiations could drag on for weeks, possibly longer, amid market volatility

In this article KSS The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images The drawn-out bidding process for Kohl’s doesn’t appear to be coming to an end any time soon. It could take several weeks, if not longer, for…

Fed’s Mester says inflation hasn’t peaked and multiple half-point rate hikes are needed

Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation has peaked and thus is on board with a series of aggressive interest rate increases ahead. “I think the Fed has shown that we’re in the process of recalibrating our policy to get inflation back down to our 2%…

Sheryl Sandberg says she couldn’t focus on philanthropy at Meta: ‘It’s not a job that you can do and also do other things’

When Sheryl Sandberg joined Facebook in 2008, she knew she was committing to more than your typical 9-to-5 job. But the departing Meta COO says she didn’t realize the “24/7” job would last 14 years. CNBC’s Julia Boorstin recently caught up with Sandberg, who said she initially only expected to stay at Facebook for five…

House Democrats push Treasury, IRS for repeal of rule blocking state and local taxes cap workaround

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Three House Democrats are still pushing for relief on the $10,000 limit on the federal deduction for state and local taxes, known as…

Frontier offers $250 million reverse breakup fee if regulators block Spirit merger

In this article ULCC SAVE A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines‘ parent company on Thursday said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don’t…