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Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023.  Hollie Adams | Bloomberg | Getty Images UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of

In this article LCID LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan.  Justin

Orna Guralnik Source: Showtime Not long after I began working as a personal finance reporter at CNBC in 2018, I started psychoanalysis. The form of therapy had long intrigued me, with the intensity of its three sessions a week and its search for answers among our dreams and pasts. Because I’d heard that psychoanalysis was

In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT A Lyft decal is seen on a car in the pick-up area at JFK Airport on April 28, 2023 in New York City.  Michael M. Santiago | Getty Images News | Getty Images Lyft shares dropped nearly 15% in extended trading on Thursday after the

In this article NET AMBA WPRT-CA ACMR NVDA Follow your favorite stocksCREATE FREE ACCOUNT 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. Kai Pfaffenbach | Reuters Technology stocks outperformed the broader markets over the past decade. Thanks to the bull run, the tech-heavy Nasdaq 100 Index (NDX) gained

Mark Cuban always tries to push himself out of his comfort zone, so it’s no surprise that he does the same for others. Cynt Marshall, CEO of the Dallas Mavericks, experienced it firsthand when Cuban cold-called her with a job offer in 2018, she recently told LinkedIn’s The Path newsletter. Marshall, 63, had left her

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn’t plan on taking full control of Occidental Petroleum, an oil giant where it has amassed a stake north of 20%. related investing news Berkshire Hathaway’s

In this article BKNG AXP Follow your favorite stocksCREATE FREE ACCOUNT The OpenTable website on a mobile phone arranged in Dobbs Ferry, New York, May 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Under pressure from rising costs and still feeling the hangover from pandemic losses, restaurants are embracing reservations that target higher-income diners

Getty Images If you’re one of the millions of taxpayers who paid for TurboTax when the filing software should have been free, you may soon receive a settlement check, New York Attorney General Letitia James announced on Thursday. TurboTax owner Intuit in May 2022 agreed to pay $141 million to lower-income Americans who were “unfairly

Source: Warner Bros. Warner Bros. Discovery reported a big quarterly loss even as its direct-to-consumer segment turned a profit for the first time ever. The company also expects the DTC, or streaming, business to be profitable for 2023, a year ahead of its expectations, CEO David Zaslav said in an earnings release Friday morning. First-quarter

People at the See’s Candies display at the Berkshire Hathaway Shopping Day event, May 5, 2023. David A. Grogan | CNBC Berkshire Hathaway‘s annual shareholder meeting this weekend is kicking off with a shopping extravaganza. Called the “Berkshire Bazaar of Bargains,” the shopping event is a tradition at the yearly convention. With over 20,000 square

Estimates put the cost of King Charles coronation at between £50 million and £100 million ($63-125 million). Future Publishing | Getty Images LONDON — The eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry. The

In this article 5-HK HSBA-GB Follow your favorite stocksCREATE FREE ACCOUNT Noel Quinn, chief executive officer of HSBC Holdings Plc, right, Mark Tucker, chairman, center, and Peter Wong, deputy chairman, during the bank’s shareholders meeting in Hong Kong, China, on Monday, April 3, 2023. HSBC’s senior executives faced its Hong Kong shareholders from retirees to

In this article WBD DIS Follow your favorite stocksCREATE FREE ACCOUNT Combo showing Brie Larson in Captain Marvel and Ezra Miller in The Flash. Courtesy: Marvel (L) | DC Comics (R) For more than a decade, the narrative surrounding comic book studios Marvel, owned by Disney, and DC, owned by Warner Bros., has been one

Thomas_eyedesign | E+ | Getty Images This story is part of CNBC’s College Money Guide 2023, a series to help students and recent graduates understand their money and start their adult life off on a solid financial path. Buying your first car as an adult is always a little daunting. But trying to buy in

In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022, in Beverly Hills, Calif. Patrick T. Fallon | AFP | Getty Images Qualcomm reported second-quarter earnings on Wednesday that were in line with analyst expectations but saw

A pedestrian wearing a face masks crosses an empty street amid the coronavirus outbreak in San Francisco, California. Liu Guanguan | China News Service via Getty Images New York and California lost over $90 billion in income during Covid as taxpayers moved to other states, accelerating the trend of high-earners relocating to lower-tax areas. New

Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, March 22, 2023. Leah Millis | Reuters After the rescue of First Republic Bank by

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor is set to report its first-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per

Some consider April 5 equal pay day for Asian American, Native Hawaiian and Pacific Islander women, marking the point into the new year that the average AAPI woman has to work to make the same pay white men earned in 2022. In other words, an AAPI woman has to work 15 months to earn what

In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel reported

People are seen at the entrance of the UBS office in London, Britain March 20, 2023.  Henry Nicholls | Reuters After identifying the 10 best analysts on Wall Street of the past decade, here is a list of the 10 top research firms. To create this list, TipRanks analyzed every stock recommendation made by investment research

Valentinrussanov | E+ | Getty Images The 2022 federal tax deadline has passed for most Americans, but another key date is approaching for past-due filers. If you’re one of the nearly 1.5 million people with an unclaimed tax refund from 2019, the last chance to file your return is July 17, according to the IRS.

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times that U.S. banks are packed with “bad loans” that will be vulnerable as “bad times

In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Chevrolet Bolt EUV on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT — After years of lackluster performance and a fire-provoked recall, the all-electric Chevrolet Bolt EV was finally gaining traction for General Motors. As America’s cheapest

Series I bonds will offer a 4.3% interest rate through October, according to new rates issued by the U.S. Department of the Treasury on Friday. The new rate marks a decline from the 6.89% annual returns Series I bonds were offering for the six months ending in April. That record rate prompted higher demand for

In this article 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony posted record annual operating revenue on Friday, helped by its chip division and sales of its flagship PlayStation 5 gaming

Consumers are sending mixed signals. For the most part, people are concerned about inflation and the direction of the U.S. economy. Consumer spending sank in March, according to Morning Consult. “Sticker shock” has taken a toll, the report found, with consumers more likely to walk away from a purchase because the price is too high. However, many

The New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023. Victor J. Blue | Bloomberg | Getty Images As investors navigate another uncertain year in markets, actively managed funds could add differentiated performance to their portfolios – if traders choose carefully.  Actively managed funds have historically underperformed passive strategies, but

In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023.  David Paul Morris | Bloomberg | Getty Images In strip malls across the country, Bed Bath & Beyond stores have “Closing Soon” signs. For other retailers, those may