Stocks making the biggest moves premarket: AT&T, American Airlines, Blackstone and more

In this article IBM DOW TSLA BX AAL T Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 2.4% in the premarket after reporting better-than-expected profit and revenue for the third quarter. The company said wireless revenue rose 5.6%, the best quarterly improvement in…

MacKenzie Scott’s latest $84.5 million donation could transform Girl Scouts as you know them

MacKenzie Scott is chipping away at her promise to give away half of her multi-billion dollar fortune. On Tuesday, the Girl Scouts of the USA announced a $84.5 million gift from the billionaire, the biggest donation from a single benefactor in the organization’s history. The money will go toward updating facilities, hiring new staff and…

From fly fishing to cycling — the new popular pastimes of the ultra-rich

For the ultra-rich, fly fishing is one of the most popular ways to spend time, a new report says. GROGL via Getty Images Spending time on yachts, golf courses and the slopes of exclusive ski resorts might be what first comes to mind when thinking about how the ultra-rich like to spend their time. And…

Wisconsin taxpayers’ group asks Supreme Court to block Biden student debt relief program

Supreme Court nominee and U.S. Court of Appeals Judge Amy Coney Barrett on Capitol Hill in Washington, October 21, 2020. Ken Cedeno | Reuters The Supreme Court on Wednesday was asked to block the Biden administration’s student loan debt relief program, which is set to take effect this weekend. The request by the Brown County…

What a record 8.7% Social Security cost-of-living adjustment could mean for taxes on benefits

Halfpoint | Istock | Getty Images Retirees who rely on Social Security benefits for income will get some relief from record high inflation when an 8.7% cost-of-living adjustment kicks in next year. But two factors — the size of Medicare Part B premiums and taxes on benefits — may offset just how much bigger those…

Stocks making the biggest moves after hours: Tesla, IBM, Alcoa and more

In this article AA KMI LRCX IBM TSLA Follow your favorite stocksCREATE FREE ACCOUNT A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines after hours. Tesla — Shares dropped 3.7% after the electric vehicle maker reported…

Wall Street eyes auto industry earnings for signs of ‘demand destruction’

In this article LAD KMX GM F Follow your favorite stocksCREATE FREE ACCOUNT A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. automakers and dealers have seen record…

Tesla comes in light on revenue, beats on earnings

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla reported third-quarter earnings after the bell. Shares fell by about 3% after hours following the results. Here are the results. Earnings: $1.05 vs 99 cents per…

SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax

Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment. A total of 27 SPAC deals, worth $12.8 billion, have been liquidated this year, according…

The typical U.S. household is spending $445 more a month due to inflation. Here’s how to reduce the bite

Cavan Images | Cavan | Getty Images Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analytics. Consumer prices jumped by 8.2% in September versus the same month in 2021, the U.S. Bureau of Labor Statistics said Thursday….

IRS bumps up estate-tax exclusion to $12.92 million for 2023. Here’s what that means for wealthy Americans

Bernd Vogel | Getty Images Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week.  Starting in 2023, individuals can transfer up to $12.92 million to heirs, during life or at death, without triggering a federal estate-tax bill, up from $12.06 million in 2022.  Since married couples may share…