3 simple rules for collecting baseball cards, from one of the nicest guys The Hobby has ever known
In times of mourning, Ben Aguirre turned to baseball cards. “Collecting has been [a] huge part of my journey — it’s been there through good and bad. It serves as a means of celebration, as well as a distraction during times of pain. We have to give ourselves permission in these times of grief and […]
Satellite imagery company BlackSky ekes out first quarterly profit
The company’s banner on the front of the New York Stock Exchange. BlackSky Satellite imagery venture BlackSky delivered its first quarterly profit on Wednesday, as the company works to keep up momentum into the end of the year. BlackSky reported net income of $675,000 for the third quarter, improving from a net loss of $13.1 […]
Disney DIS board in focus ahead of Q4 earnings
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Company boards tend to want to stay out of the spotlight. Activist investor Nelson Peltz may be intent on making […]
5% yields on savings accounts are great — until tax time. Here’s how to prep.
From titans of finance to mom-and-pop investors, it’s easy to see why more people have been drawn to cash as interest rates have climbed and remain high. What these rate chasers may not like — and what some may not be ready for — is the coming tax bill. Prepping for the tax consequences of […]
Opinion: Rivian and Lucid earnings show EV makers going in different directions
Contrasting results and forecasts from electric-vehicle makers on Tuesday showed that Rivian Automotive Inc. has a more tangible business model than Lucid Group Inc. Overall, Rivian RIVN, +1.40% showed it was focused on cost-cutting efforts during its call with analysts to discuss its third quarter, as executives described a big technology upgrade at its factories […]
Target CEO says shoppers are pulling back, even on groceries
Target CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets. In an interview with CNBC’s Becky Quick that aired Thursday morning, he emphasized that the retailer has posted seven consecutive quarters of declining sales of discretionary items, such as apparel and toys, in terms of both […]
NRF 2023 holiday sales forecast
David Paul Morris | Bloomberg | Getty Images Holiday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation. The major trade group expects sales in November and December to rise […]
Virgin Galactic to cut staff to focus on lower-cost Delta spacecraft
Commercial space-flight operator Virgin Galactic Holdings Inc. on Tuesday said it would cut staff in an effort to focus on developing its new class of Delta spacecraft that are expected to cost less and bring more profit. Management, in an email to employees, did not offer specific figures on the cuts, while citing a shaky […]
Disney hires PepsiCo veteran Hugh Johnston as CFO
Hugh Johnston, PepsiCo David A. Grogan | CNBC Disney said Monday that Hugh Johnston, longtime chief financial officer of PepsiCo, will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses. Johnston has spent the last 34 years with PepsiCo, holding various positions at the […]
U.S. consumer credit rebounds in September
The numbers: Total consumer credit rose $9.1 billion in September, up from a $15.8 billion drop in the prior month, the Federal Reserve said Tuesday. That translates into a gain at a 2.2% annual rate, up from a 3.8% drop in the prior month. Economists had been expecting a $9.5 billion increase, according to the […]
