A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty International Airport in Newark, New Jersey, Dec. 3, 2021. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday […]
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Wesleyan University ends legacy admissions after Supreme Court decision on affirmative action
Students at Wesleyan University Joanne Rathe | The Boston Globe | Getty Images Decades-old legacy preferences face new challenges A civil rights group is also contesting the practice of giving priority to the children of alumni at Harvard University, saying it discriminates against students of color by giving an unfair boost to the […]
Stocks making the biggest moves midday: Netflix, American Airlines, Johnson & Johnson and more
Johnson & Johnson Covid-19 vaccines are seen on a table on May 7, 2021 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images Check out the companies making headlines in midday trading. Netflix — Netflix dropped more than 8% after reporting mixed quarterly results Wednesday. The streaming […]
Midyear check-in: Take these 3 actions now to start cleaning your financial house
Summer can be an ideal time to slow down, reflect and reset your money mindset. You also may find more time to review your financial goals and decide whether you need a reboot. “When it comes to those who want to ‘clean’ their financial house, my advice is that you […]
Netflix stock sinks as Wall Street looks for clarity on revenue growth
Nurphoto | Nurphoto | Getty Images Netflix stock sank more than 9% Thursday after a quarterly earnings report that was largely positive, but left Wall Street underwhelmed and uncertain about key revenue drivers. The selloff in Netflix shares follows a 60% year-to-date rally, spurred by the roll out its cheaper, […]
Airline cargo revenue is cratering. Here’s why that’s actually good news
An American Airlines 777 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Airlines’ cargo revenue is slumping. That’s a sign of good news for travel recovery. Delta, United and American this month each reported year-over-year declines of about 40% in their second-quarter cargo revenue. For the first half […]
Biden’s economic approval rating rises slightly, but is still just 37% despite ‘Bidenomics’ push
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S. July 6, 2023. Jonathan Ernst | Reuters President Joe Biden‘s economic approval numbers […]
June home sales drop to the slowest pace in 14 years as short supply chokes the market
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors. Compared with June […]
Victims want Morgan Stanley to answer for ex-financial advisor’s Ponzi scheme
A former Morgan Stanley financial advisor has been sentenced to more than seven years in prison after admitting he ran a $7 million Ponzi scheme at the firm for more than a decade. But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley […]
Apple supplier TSMC delays start of Arizona chip factory
Workers at TSMC Semiconductor Manufacturing Facility in Phoenix, Arizona, on December 6, 2022. Brendan Smialowski | AFP | Getty Images Taiwan Semiconductor Manufacturing Company will delay production at its new Arizona-based chip plant to 2025 due to a shortage of skilled labor, the company’s chairman said on the company’s second-quarter […]