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Amazon, Apple, Alphabet report as season heats up

CNBC’s Jim Cramer on Friday told investors that stocks will likely continue to do well as long as the economy holds up. “Many companies have battened down the hatches, so to speak, and prepped for a recession. So if we don’t get a severe slowdown, they will indeed keep flying,” …

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Social Security benefits to go up by more than $140 per month in 2023

Xavierarnau | E+ | Getty Images Social Security benefits will go up by more than $140 per month on average in 2023, as a record 8.7% cost-of-living adjustment kicks in. Exactly how much of an increase the approximately 70 million Americans who rely on the program for income will see …

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Biden administration could start forgiving student debt as soon as Oct. 23

Caroline Purser | The Image Bank | Getty Images The Biden administration could start discharging millions of Americans’ student debt as soon as this Sunday, Oct. 23. This is possible as some of the legal challenges brought against the sweeping policy by critics fail in courts. A taxpayers’ group in …

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Gen Zers are socking away 14% of their income for retirement

The nation’s youngest workers appear to be taking the save-for-retirement message to heart, research suggests. Defined as workers ages 18 to 25, Generation Z is saving an average of 14% of their income for their golden years, according to new study from BlackRock. Among millennials (ages 26-42), Gen Xers (ages …

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Amazon hires Hawaiian Air to fly rented Airbus cargo jets to replace older freighters

Air cargo containers with the logo of Amazon are seen at Miami International Airport, in Miami, Florida, United States on June 16, 2021. Marco Bello | Anadolu Agency | Getty Images Amazon has hired Hawaiian Airlines to fly the first Airbus cargo planes in the retail giant’s air network, aircraft …

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U.S. cities where rent prices dropped most in September

U.S. rent price growth is showing signs of leveling off, as the median rent price in September decreased month-over-month for the first time this year, by 2.48%. After soaring by nearly 20% earlier in 2022, year-over-year price growth has dropped to 8.79% in September, a Rent.com analysis found. Rents are …

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American Express, Verizon, Snap and others

Check out the companies making headlines before the bell: American Express (AXP) – The financial services company reported a quarterly profit of $2.47 per share, 6 cents above estimates, with revenue also topping Wall Street forecasts. American Express also raised its full-year forecast, amid a surge in customer spending, and …

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Earnings reports show the Fed is making progress on inflation

CNBC’s Jim Cramer on Thursday told investors that the market is finally seeing signs that the Federal Reserve is succeeding in its fight against inflation. “We’re now finally getting progress in the war on inflation and progress is this market’s most important product,” he said. Stocks fell for the second …

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battle over billions in stolen bitcoin recovered in DOJ seizure

When the Justice Department announced it seized billions in stolen cryptocurrency earlier this year, it seemed like great news for victims of a hack that drained around $70 million from customers’ accounts on the Bitfinex trading platform in 2016.  “It was the biggest relief of my life,” said Frankie Cavazos, …

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Trump slams judge who said he knowingly pushed false voter fraud case

Former U.S. President Donald Trump speaks as he attends a rally in Warren, Michigan, U.S., October 1, 2022. Dieu-Nalio Chery | Reuters Former President Donald Trump lashed out Thursday after a federal judge wrote that Trump knowingly pushed false claims of voter fraud while he was fighting his 2020 election …

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