Business

Hinterhaus Productions After boosting paid parental leave during the pandemic, many companies are now cutting or reducing the popular employee benefit.   In 2022, organizations with paid maternity leave dropped to 35% from 53% in 2020, according to the Society for Human Resource Management’s employee benefits survey. And fewer than one-third, 27%, now provide paid paternity

In this article BLK Larry Fink, chief executive officer of BlackRock Inc. Christopher Goodney | Bloomberg | Getty Images Billionaire businessman and former New York Mayor Michael Bloomberg and the investing behemoth BlackRock have both recently issued their own strongly worded missives defending investments in climate solutions and clean energy and saying that requesting climate-related

In this article SWBI An attendee walks through the Smith & Wesson booth at the NRA’s annual meeting. Shares of Smith & Wesson Brands Inc. were down Friday morning after the company said demand for its guns returned to pre-pandemic levels.  The firearms maker on Thursday had reported net sales to $84.4 million for its fiscal

Marko Geber | DigitalVision | Getty Images If you’re one of the millions of Americans expecting student loan forgiveness, you won’t owe federal taxes. But that doesn’t mean you’re off the hook at the state level. Indiana is the latest to confirm forgiveness will trigger state income taxes, and some borrowers may owe county levies

In this article GME SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that

Over 13 years of making deals on ABC’s “Shark Tank,” Kevin O’Leary says he’s noticed a common thread among the companies that have brought him the best investment returns. They’re mostly owned or run by women. “This is real data: 75% of my returns have come from companies run by women,” O’Leary tells CNBC Make

President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010. Andrew Harrer | Bloomberg | Getty Images The

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several

A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Those who sought help from their local Social Security Administration office recently may have been met with a new challenge — long outside lines in the summer heat. That prompted congressional lawmakers to write to the federal agency

In this article BBY Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the fiscal second quarter, as the retailer felt a pullback from inflation-weary shoppers. Shares closed the day at $74.89, up 1.61%, after

london, uk Peter Muller | Image Source | Getty Images Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income levels carry large balances on credit cards that charge very high interest rates. According to Federal Reserve data, the average annual

A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. Reuters Following the news that Liz Truss will become Britain’s new prime minister, Deutsche Bank says policy announcements in the coming weeks will be crucial if the U.K.

Set more than a decade after the events of the first film, “Avatar: The Way of Water” tells the story of the Sully family. Disney The 2022 box office is a Hollywood underdog story come to life. Despite nearly 40% less film content available in theaters compared to 2019, year-to-date ticket sales are down around

Chaay_tee | Istock | Getty Images Student debt can make it harder for people to start a business or purchase a home — and one reason for that is that lenders take into account your existing financial obligations. Now that President Joe Biden has announced he plans to cancel up to $20,000 for millions of

Russia’s Gazprom saw its shares surge on Wednesday after reporting bumper first-half profits and announcing a new dividend to shareholders. Stoyan Vassev | Press service of Gazprom Neft | via Reuters Russian gas giant Gazprom posted a record first-half profit and promised new dividends to shareholders, sending its shares soaring more than 27% in early

In this article WDAY HUBG MCD INTU MRVL A logo of the McDonald’s restaurant is seen in the window with a reflection of Kremlin’s tower in central Moscow, Russia March 9, 2022. Maxim Shemetov | Reuters Another month has gone by and the market outlook shows no signs of improvement. August began on an upbeat

I started pursuing FIRE — an acronym for “financial independence, retire early” — when I was 22 years old. It was 2016, and I was making $15 an hour as a marketing associate. I knew it would be many more years until I’d achieve my goal of having a $1 million net worth in my

Sebastian Rothe / Eyeem | Eyeem | Getty Images Households may soon be able to claim thousands of dollars in tax breaks and rebates if they take steps to reduce their carbon footprint. But eco-friendly consumers must wait until 2023 — perhaps even 2024 or later — to see many of those financial benefits. The

Natalie Portman stars as the Mighty Thor, aka Dr. Jane Foster, alongside Chris Hemsworth, who plays Thor Odinson, in Marvel’s “Thor: Love and Thunder.” Disney The summer box office started with a bang, but as the season shifts into fall, ticket sales have fizzled. Paramount and Skydance’s “Top Gun: Maverick,” alongside Disney and Marvel Studio’s

In this article ZG A for-sale sign in front of a home listed for more than $1 million on April 29, 2022 in San Francisco. Justin Sullivan | Getty Images Grocery shoppers aren’t the only ones who have to contend with the phenomenon known as “shrinkflation,” which is what happens when the price of something

In this article LULU Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Lululemon Athletica Inc. on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as shoppers stocked up on workout gear even as surging prices have hurt other retailers’ apparel sales. The company also raised its outlook for the year. Shares

dmphoto | E+ | Getty Images There’s good news if you’re eligible for student loan forgiveness: It won’t trigger a federal tax bill. And while some may still owe state taxes, it may be fewer borrowers than expected. It depends on whether and when states conform to federal tax laws, including the American Rescue Plan

In this article LULU PD AVGO Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Lululemon — Shares of activewear brand Lululemon jumped 9.4% after the company reported quarterly

In this article PEP Fast Twitch, from the makers of Gatorade Source: PepsiCo Gatorade is entering the energy drink category with a caffeinated spin-off called Fast Twitch. It represents yet another example of beverage companies blurring the lines between drink categories, seeking to leverage existing brand loyalty while entering fast-growing categories. Gatorade’s parent company, PepsiCo,

d3sign | Moment | Getty Images Identity crime involving government benefits, social media accounts and other scams jumped by 36% in 2021 to an all-time high, according to the Identity Theft Resource Center. The good news is that there are several ways individuals can protect themselves. About 15,000 people reported an identity-related crime or attempted

The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news for the “buy now, pay later” pioneer. The Swedish payments firm generated revenues of 9.1 billion Swedish krona ($950 million) in

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20%

Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwood College, delivering $1.5 billion in relief to 79,000 borrowers. The cancellation covers students who attended any location of Westwood College, including online programs, from

In this article GS Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs will lift all its Covid-19 requirements in most offices beginning Sept. 6 in an effort to incentivize its employees to return to the office more than two years into the pandemic. According to a memo sent Tuesday and obtained by CNBC, the

In this article NKLA NKLA LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle makers Lucid Group and Nikola are moving to raise additional funds, as both companies aim to boost production amid sharply