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Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Billionaire Amazon founder Jeff Bezos has been criticized over the company’s $690,000 donation to bushfire relief efforts in Australia. In an Instagram post on Sunday, Bezos pledged 1 million Australian dollars ($690,000) on behalf of the tech giant. “Our

A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday

U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said Sunday that Boeing‘s 737 Max crisis could curb U.S. GDP in 2020 by half a point, though he expects the economy should

kate_sept2004 The legal and financial fortunes of gay and lesbian Americans have changed beyond recognition. That’s largely thanks to the legalization and rapid public acceptance of same-sex marriage and antidiscrimination protections, as well as other civil rights shifts, for LGBTQ people across the U.S. in recent years. Whereas same-sex couples, unable to marry, once had

Pedestrians walk past a Victoria’s Secret store, a subsidiary of L Brands, in New York. Craig Warga | Bloomberg | Getty Images L Brands on Thursday reported shrinking holiday sales, leading the retailer to cut its earnings outlook for fiscal 2019. Shares of the company fell more than 4% in premarket trading. Victoria’s Secret’s parent

McDonalds Big Mac Getty Images Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway. Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group,

If you beat the odds stacked against hitting the Powerball jackpot, there’s an estimated $277 million waiting for you in Saturday night’s drawing. The top prize has been climbing for more than two months of twice weekly drawings with no ticket matching all six numbers. And while the chance of winning the jackpot is about

Every year millions of Americans make resolutions, and every year those same Americans fall short of reaching their goals. To fuel a commitment toward a healthier financial well-being in 2020, the Invest In You team asked readers and viewers to reveal their goals. The response was overwhelming — and humbling. Several themes emerged, including investing

Neil Peart Neil Peart, the prodigiously talented drummer and eclectic primary lyricist for the Canadian rock band Rush, died on Tuesday in Santa Monica, California, according to a family spokesman. He was 67. The cause of death was brain cancer, which he had been battling quietly for three years, according to spokesman, Elliot Mintz. Peart

Florida, Fort Myers, Publix, supermarket Gift Card Display. Jeff Greenberg | Universal Images Group | Getty Images Did you receive a gift card from someone over the holidays? Well, it’s time to go shopping. That sounds like the right move. Many people, however, let the dollars on their plastic go to waste: Each year, up

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to lower the bar for its full-year outlook. Based on the dismal holiday performance, Kohl’s said in a press

Consumers and corporate chieftains are heading in the opposite direction, with one group still brimming with good thoughts about the future and the other sure that tougher times are coming. Recent surveys exemplify a trend that began a few years ago and has accelerated over the past several months. The gap between sentiment is broad

Do you have your eyes on that $258 million Powerball jackpot? So does Uncle Sam. If you’re lucky enough to win the top prize in Wednesday night’s drawing, remember that the IRS gets an up-front piece of big lottery wins. And that tax withholding wouldn’t be the end of it. “There is still a sizable

European stocks are set to open higher Thursday as investor sentiment improved on the back of easing U.S.-Iran tensions. Britain’s FTSE 100 is seen climbing 24 points to 7,590, Germany’s DAX rising 87 points to 13,401 and France’s CAC increasing 31 points to 6,055, according to IG index data. It comes after comments from President

A drilling crew member on an oil rig in the Permian Basin near Wink, Texas.  Nick Oxford | Reuters Core Laboratories‘ decision to cut its dividend in late December illustrates the oil market’s tough future, CNBC’s Jim Cramer said Wednesday. “Management wouldn’t cut it unless they had some serious long-term concerns that the oil industry

Fstop123 | E+ | Getty Images There are more ways than ever to buy things you shouldn’t. Described as the “new layaway,” companies like Affirm, Quadpay and Afterpay allow consumers to spread out their payments on a purchase over weeks or months. The offers are hard to refuse. That $140 plaid tunic from Anthropology could

Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations,

The Rolls-Royce Cullinan at the Geneva International Motor Show 2019. Martyn Lucy | Getty Images Rolls-Royce had its best year ever in 2019, driven in large part by its three-ton SUV that sells for over $400,000. The company, a division of BMW, said it sold 5,152 cars last year, the most in its history. That

European shares are set to open higher on Tuesday amid an easing of concerns over geopolitical tensions in the Middle East. Britain’s FTSE 100 is seen rising 45 points to 7,607, Germany’s DAX climbing 70 points to 13,187 and France’s CAC lifting 32 points to 6,042, according to IG index data. Market focus is largely

Luke Sharrett | Bloomberg | Getty Images Pier 1 Imports shares tanked more than 25% Monday afternoon following a report from Bloomberg that said the company is preparing to file for bankruptcy and slash jobs. The stock was briefly halted due to volatility and then again for news pending. In November, Robert Riesbeck was named CEO,

 Hero Images | Getty Images New parents will have one new source to tap for money — their retirement savings. The Secure Act, which was passed by Congress in December, is ushering in some of the biggest changes to retirement savings since the Pension Protection Act of 2006. But experts warn that tapping your retirement

Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. 2019 was a great year for internet stocks and many Wall Street analysts expect the good times to continue in 2020. The S&P 500 finished 2019

If your New Year’s Day celebration ends up including a $220 million Powerball jackpot win, remember that Uncle Sam tends to be a party crasher. After more than eight weeks with no jackpot winner, the lottery game’s top prize has climbed to $220 million for Wednesday night’s drawing. And while the odds are stacked against

The Federal Reserve’s policy making body heads into 2020 with a new complexion that, at least on its surface, seems committed to keeping interest rates low for the foreseeable future. In an annual rotation of voting members on the Federal Open Market Committee, Fed presidents Eric Rosengren of Boston and Kansas City’s Esther George head

Nathan Chittenden carries a newborn calf at Dutch Hollow Farm in Schodack Landing, New York. “The last five years have been extremely rough for us dairy farmers,” he told CNBC. Emma Newburger / CNBC SCHODACK, N.Y. — Nathan Chittenden carefully slung a newborn calf over his shoulders and marched her over to his dairy barn

It’s never too early to start teaching your kids about money. In fact, you can begin as young as 5 years old. While you don’t necessarily have to talk about math, you should have conversations and explain some of the basics. “It’s much easier to create a habit when you are younger and maintain a

Investors are pondering if the escalated U.S.-Iran tensions that are spiking oil prices could serve as the catalyst needed to turn around the most hated sector for the past 10 years. The S&P 500 energy sector was the worst performer of the last decade, up just a measly 5% versus the S&P 500’s 180% climb

For the past 10 years, on every long-haul flight over 12 hours, Singapore-based frequent flyer Brian Rogove has taken melatonin to combat jet lag. “I think it’s safe. It works about 75% of the time, and I don’t have any odd side effects,” he says. Melatonin — a hormone produced by the pineal gland in

A new report suggests the record stock market highs are on borrowed time. According to Moody’s Analytics chief economist Mark Zandi’s 2020 outlook, the backdrop is showing signs of cracks. Zandi gave CNBC an exclusive first look at his economic forecast ahead of its official release. “All of the pillars of the stock market look

Still from “The Mandalorian” on Disney+. Disney Disney shares were on the rise to kick off 2020 after some Wall Street analysts estimated significant growth from its new streaming service and recommended clients keep buying the stock. Rosenblatt Securities analyst Bernie McTernan expects Disney+ to attract 25 million users by the end of the first