Category: United States

It’s true, Inflation Reduction Act (IRA) rebates and tax incentives for home electrification kicked in Jan. 1 officially, but several program features won’t be available to homeowners until the end of the year or early 2024, according to the Department of Energy. There are a few key exceptions: select electric heat pumps, for one. Rooftop […]

Walt Disney World DIS, -0.15% shuttered its popular but controversial Splash Mountain boat ride last weekend, ending the attraction’s three-decade run. But some entrepreneurs are pitching a way to keep the water flowing, so to speak.  Namely, they are selling water they say is sourced from the ride.  There are dozens of listings on eBay […]

Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 […]

S&P Global Ratings downgraded Bed Bath & Beyond Inc.’s credit Friday, a day after the beleaguered retailer said it was in default on loans that have been called in. The default filing sent Bed Bath & Beyond’s BBBY, +1.19% stock plunging, although it rallied to end Friday’s session up 1.2%, outpacing the S&P 500 Index’s […]

Advanced Micro Devices Inc. gets to show Wall Street if it “certainly” ended 2022 in a better place, after the price of clearing inventory helped gut results from rival Intel Corp. AMD AMD, +0.32% is scheduled to report earnings after the close of markets on Tuesday. AMD Chief Executive Lisa Su said three months ago […]

As the family of Tyre Nichols endures the release of the video of the young Black man’s fatal traffic stop with Memphis police, and the nation still smarts from the civilian-filmed 2020 murder of George Floyd at the hands of Minneapolis cops, a book hitting this week argues it’s time to disband the public labor […]

“” — Shirley Weber, California secretary of state, addressing the Reparations Task Force California Secretary of State Shirley Weber, who wrote the legislation that established the state’s groundbreaking reparations task force as a state assemblywoman, made that plea Friday to the panel at the beginning of a two-day meeting in San Diego. Weber’s Assembly Bill […]

American Express Co. exceeded $ 50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of profit expectations for the fourth quarter, it delivered an upbeat earnings outlook for the full year ahead. American Express AXP, +10.54% […]

BuzzFeed Inc.’s stock soared another 73% on Friday to put it on track for a weekly gain of 283%, as analysts weighed in on news relating to a partnership with Facebook and artificial-intelligence initiatives with some bullish comments. The Wall Street Journal reported on Thursday that BuzzFeed BZFD, +70.33% is planning to leverage ChatGPT and […]

The numbers: U.S. consumer sentiment improved in late January to 64.9, according to the University of Michigan’s gauge of consumer attitudes. This added 5.2 index points from 59.7 in December and was up from the initial January reading of 64.6. Economists surveyed by The Wall Street Journal had forecast an unchanged reading of 64.6. Key […]

Stocks of affiliated companies founded by Asia’s richest man Gautam Adani continued to fall in Mumbai markets on Friday, extending a slide after a U.S. short seller published its two-year investigation into the group’s business practices. The shares of flagship firm Adani Enterprises 512599, -18.52% sank as much as 20% and other linked companies saw […]

The Wall Street establishment doesn’t want you to read this article, and I’ll tell you why. If you’re an investor and not getting all the returns you deserve, there are lots of possible reasons. Perhaps the biggest one is that Wall Street likes it that way.  Giant firms like Goldman Sachs, BlackRock, Morgan Stanley and […]

Dear Quentin, My mother passed away three years ago and left the house to my brother, my sister and me. What little was left in her bank account was distributed among the three of us.  Our brother is still living in the family home. He pays the taxes, insurance and utilities to live there. The […]

GoFundMe campaigns have been raising piles of cash for older Walmart workers who want to retire — but the heartwarming stories about sudden windfalls mask a dark reality about economic security and growing old in America, say retirement experts. “This is not a feel-good story, this is about the failure of our retirement system,” said […]

Troubled home-goods retailer Bed Bath & Beyond Inc. disclosed in a filing Thursday that it was in default on loans that have been called in, sending its stock plunging. The filing comes just three weeks after Bed Bath & Beyond BBBY, -22.22% said it may need to declare bankruptcy. The struggling company, which was recently threatened with having […]

Intel Corp. shares dropped more than 8% in the extended session Thursday after the chip maker reported a big miss for the fourth quarter and forecast a loss for the first quarter. Intel INTC, +1.31% executives forecast an adjusted loss of 15 cents a share on revenue of about $ 10.5 billion to $ 11.5 […]

Gold prices ended lower on Thursday, pulling back from their highest levels in nine months and posting their first decline in six sessions, after a stronger-than-expected U.S. GDP report. Price action Gold prices for February  GC00, -0.68% GCG23, -0.68% fell by $ 12.60, or nearly 0.7%, to settle at $ 1,930 per ounce on Comex […]

Chipotle Mexican Grill Inc. said Thursday that it was launching a new hiring campaign, as it looks to add 15,000 new employees in preparation for “burrito season.” The fast-casual Mexican food chain’s CMG, +1.54% hiring plans contrast with a growing number of companies in a growing number of industries that have announced layoffs amid an […]

Google parent Alphabet Inc. has slashed nearly 3,000 jobs in California and New York as part of its recently announced layoffs, cutting a broad range of positions, from data scientists to massage therapists. The biggest cuts were at Google’s GOOGL, -2.54% GOOG, -2.50% multiple offices in Mountain View, Calif., the search giant’s Silicon Valley headquarters. […]

As supply chain issues linger, airlines will be relying on servicing of existing fleets to keep up with continued customer demand in 2023, and Rolls-Royce Holdings PLC is well placed to tap into that. That’s according to Deutsche Bank, which upgraded Rolls-Royce RR, +2.02% to buy from hold on Thursday, lifting its target price to […]