Boeing aircraft orders, deliveries dry up in January
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters Boeing‘s aircraft orders and deliveries fell in January as the company grappled with the fallout from a midflight blowout of a fuselage panel on one of its 737 […]
Opinion: The stock related to Donald Trump’s “Truth Social” is soaring, but read this.
Donald J. Trump has a long record of business failures and bankruptcies. But after getting kicked off Twitter in 2021 he launched Truth Social, a social-media site. Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand […]
Companies make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker […]
How not to get scammed like the financial-advice writer who lost $50K to fraud
A financial-advice writer is drawing intense criticism and sympathy after revealing that she was scammed into putting $50,000 in cash in a shoebox and giving it to a stranger. But her story is far from unusual, and falling for such scams is increasingly common. Charlotte Cowles, a columnist for New York magazine, was tricked into […]
Higher medical costs are pinching CVS, UnitedHealth
A UnitedHealth Group health insurance card is seen in a wallet, Oct.14, 2019. Lucy Nicholson | Reuters Good afternoon! Health insurers are feeling the squeeze as older patients head to the doctor more than expected. CVS, which owns health insurer Aetna, on Wednesday slashed its full-year profit outlook, citing the potential for higher medical costs to bite […]
Credit cards from smaller banks have lower APRs. But are they right for you?
Using a credit card issued by a small bank or credit union could cost you $400 to $500 less each year than a card from a big national bank. That’s a finding from a new survey by the Consumer Financial Protection Bureau. Credit cards issued by small institutions such as community banks and credit unions […]
ESPN Bet plans launch in New York, the largest U.S. betting market
ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the same amount Wynn paid New York state to operate there. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting […]
ESPN Bet plans launch in New York, the largest U.S. betting market
ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the same amount Wynn paid New York state to operate there. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting […]
Pay TV distributors are confused, concerned about sports joint venture
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images It’s been about a week since Disney, Warner Bros. Discovery and Fox announced a new joint venture to offer live sports outside the traditional cable bundle, and pay TV distributors are still trying to figure out […]
7% mortgage rates are back. But fear not, rates will fall in 2024, economists say.
Haunted by high prices and low inventory, the U.S. housing market can sometimes feel like a horror movie to prospective home buyers. Now there are fears that one villain is back from the dead: the 7% mortgage rate. After mortgage rates surged in March 2022, when the Federal Reserve embarked on a series of interest […]
