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In this article M People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround…
U.S. stock market futures were modestly higher in overnight trading Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average advanced 85 points. S&P 500 futures gained 0.35%, while Nasdaq 100 futures rose 0.5%. During regular trading the Dow fell…
Years before co-founding Salesforce, CEO Marc Benioff started his career like a lot of people do – as an intern. Benioff’s first step on the corporate ladder was far from typical. His Apple internship placed him in close proximity to tech icon and company co-founder Steve Jobs. And the future CEO’s “first boss” was Guy…
Federal Reserve Chair Jerome Powell testifies before a Senate Banking Committee hearing on the CARES Act Oversight at the Senate Office Building on Tuesday, Nov. 30, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The outlook for Federal Reserve rate hikes after March may become less clear if Russia continues…
Getty Images If your teen or adult child in college has been dabbling in stocks or cryptocurrency, their gains may trigger a surprise bill at tax time. That’s because of the so-called “kiddie tax,” an extra levy for parents once their child’s investment income — capital gains, dividends and interest — exceeds a certain threshold….
krisanapong detraphiphat | Moment | Getty Images American consumers reported losing more than $5.8 billion to fraud last year, up from $3.4 billion in 2020 (an increase of more than 70%), the Federal Trade Commission said Tuesday. Almost 2.8 million consumers filed a fraud report to the agency in 2021 — the highest number on…
A look at how FAANG stocks have been performing recently.
A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., February 16, 2022. Jon Cherry | Reuters The Supreme Court on Tuesday agreed to hear a Christian website designer’s appeal challenging a Colorado law that bars businesses from refusing to serve customers based on their sexual orientation. The court will…
In this article DNUT Krispy Kreme on Tuesday reported its first quarterly profit since going public again but fell short of Wall Street’s expectations for its earnings. Shares of the doughnut company rose nearly 2% in premarket trading. Since its initial public offering in July, the stock has struggled, falling 33%. Here’s what the company…
In this article SOFI HD M TPX MDT HMHC Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer’s stock rose 1% in the premarket after its quarterly profit and revenue beat Wall Street forecasts. Home Depot earned $3.21 per share, 3 cents above estimates, and comparable-store sales…
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Tuesday the stock market may have “another couple days of this uncertainty,” until it becomes clear whether Russia will invade Ukraine or whether Moscow will stop with recognizing the independence of Luhansk and Donetsk, two breakaway regions there. “The market needs to get a little…
Geri Lavrov | Moment | Getty Images More than half of unemployed men in their 30s have criminal records — a dynamic with implications for hiring practices and ongoing challenges finding workers during the pandemic-era labor crunch, according to research published by economists at RAND Corp. About 6% of men at age 35 are unemployed,…