A worker moves bananas inside a Walmart in North Bergen, New Jersey. Eduardo Munoz Alvarez | Power Amplifiers Budgets are getting tighter for some shoppers already struggling to pay their grocery bills. This month, emergency pandemic-related funding from the Supplemental Nutrition Assistance Program (formerly Food Stamps), ends in most statesreducing food expenditures for many low-income … Read more
UAW presidential candidate Shawn Fain is running against incumbent Ray Curry for the union’s top job. Jim West of UAW Members United Supporters wave signs as they speak at the Time Warner Cable Arena in Charlotte, North Carolina, Sept. 5, 2012, on the second day of the Democratic National Convention (DNC). Mladin Antonov | AFP … Read more
First Republic Bank headquarters as seen on March 16, 2023 in San Francisco, California, USA. Tayfun Coskun | Anadolu Agency | Getty Images Deposits surged, flowing from smaller banks to larger institutions, including JPMorgan and FuGuo bank Concerns about the stability of regional banks have moderated in recent days, CNBC has learned. caused by uncertainty … Read more
Sector-specific ETFs appear to be gaining popularity as a way to cushion the impact of bank turmoil. According to VettaFi’s Todd Rosenbluth, this trend applies to ETFs that only hold a handful of large companies in a particular industry. “[They’re] will be complementary to a broader S&P 500 strategy,” the firm’s head of research told … Read more
A private island in Palm Beach could become the most expensive Florida home ever sold if it sells for its $218 million asking price. Developer Todd Michael Glaser and his partners bought 10 Tarpon Isle, Palm Beach’s only private island, in 2021 for $85 million. They built a brand new house, turned the existing structure … Read more
Alistair Berg | Digital Vision | Getty Images As Benjamin Franklin famously said, death and taxes are two of life’s certainties. In modern times, investment fees can be a worthy addition to that list — though not all investors are aware of this near-universal fact. Fees charged by financial services companies may be unclear. According … Read more
As marijuana becomes legal in more states, how and whether travelers will be able to bring their possessions on board remains up in the air. Twenty-one states and Washington, D.C., have legitimate recreational use For adults 21 and older, 37 states and Washington, D.C. have medical marijuana programs. But marijuana remains illegal under federal law. … Read more
vanita johnson Courtesy: Vanita Johnson After 13 years in teaching and educational administration, Vanita Johnson took a role she’d always wanted — behind the wheel of a big drilling rig. Johnson took a three-week trucking course, earned her commercial driver’s license, and became an independent owner-operator. She eventually joined a larger company and has been … Read more
Spire Global on the New York Stock Exchange, August 17, 2021. Source: NYSE Two aerospace companies received delisting warnings on Friday as both companies traded below $1 a share, according to securities filings. Small Satellite Manufacturer and Data Specialist Spire Global Notified by the New York Stock Exchange, while the spacecraft delivery company moment Notification … Read more
Thursday, March 23, 2023 at the First Citizens Bank branch in Dunwoody, Georgia. Elijah Nuviraqi | Bloomberg | Getty Images Regulators reassured the public that the banking system is safe, as new figures showed customers recently withdrew nearly $100 billion in deposits. Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and a dozen other officials … Read more