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Yearly Archives: 2023

Celebrity tipping stories: Well-known singer left $1

The internet has been ablaze with opinions about tipping. When should people do it? How much should people leave? Everyone seems to have thoughts. One thing people typically agree on is tipping at a sitdown meal is standard and expected. That’s because servers in the U.S. still rely on tips …

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New FAFSA may launch with old inflation data, resulting in less college aid

A simplified Free Application for Federal Student Aid is set to roll out by the end of the month. However, the new FAFSA may launch with outdated inflation figures, which could mean many students “will get less financial aid than they deserve,” according to higher education expert Mark Kantrowitz. “It is a pretty big …

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Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more than double through 2027 relative to 2019 as the energy giant moves forward with a slew of cost-cutting measures. Exxon said it’s on track to grow …

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Walmart CEO Doug McMillon talks about deflation

Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the months after the peak shopping season. In an interview with Sara Eisen that aired Wednesday on CNBC’s “Squawk on the Street,” the leader of the …

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How to prepare for shifting interest rates: 3 financial strategies

Shoppers walk with items during Black Friday deals at a Target store in Westbury, New York, U.S., November 24, 2023.  Shannon Stapleton | Reuters After more than a year of dealing with rapid inflation, consumers have become numb to higher prices. But as inflation cools, experts say there are strategies that can …

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ADP National Employment Report: November 2023

Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, payrolls processing firm ADP reported Wednesday. Companies added just 103,000 workers for the month, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate. Along with …

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New Trump administration will come after the media, ally warns

Former President Donald Trump gives remarks at the South Texas International airport on November 19, 2023 in Edinburg, Texas. Michael Gonzalez | Getty Images A second Donald Trump administration will take action “criminally or civilly” against people in the media, an ally of the former U.S. president warned. “We will …

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TikTok parent ByteDance offers share buyback at $268 billion valuation

Sheldon Cooper | LightRocket | Getty Images TikTok parent ByteDance plans to spend up to $5 billion buying back stock, a person familiar with the matter told CNBC, as one of the world’s most valuable startups seeks to give shareholders a chance to cash out of their holdings. ByteDance is …

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Bank of England warns that higher rates ‘have yet to come through’

A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images LONDON — The Bank of England on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to …

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Cramer examines Tuesday’s market ‘mistakes,’ underappreciated stocks

CNBC’s Jim Cramer on Tuesday said he thinks Wall Street has made some poor decisions when evaluating mega cap stocks. “Look, on any given day, we’re giving, getting these imperfections, these mistakes, these juvenile, uninformed moves,” he said. “To me, it says there are plenty of shareholders who don’t even …

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