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Monthly Archives: May 2023

House China committee targets top clothing brands

A shopper carries a bag of Nike merchandise along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois.  Scott Olson | Getty Images WASHINGTON — A House committee examining the U.S. government’s economic relationship with China is asking some of the world’s largest clothing companies for information …

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Here’s how interest rate shifts may affect your bond portfolio

Cecilie Arcurs | Getty Images After another rate hike from the Federal Reserve, advisors are watching closely for signs of future moves by the U.S. central bank that may spark changes for bond portfolios. In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point …

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Google employees complain about CEO Sundar Pichai’s pay raise

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for the “International Coalition to Connect Marine …

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Children have another coverage option if parents dropped from Medicaid

Fatcamera | E+ | Getty Images Now that a pandemic-era policy that guaranteed Medicaid enrollees wouldn’t be dropped from their coverage has come to an end, affected parents may be worried about how to keep their children insured. Under the Families First Coronavirus Response Act, states were required to provide continuous Medicaid …

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PacWest falls 40% after hours on report bank is weighing sale

A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Images PacWest Bancorp shares tumbled 56% in extended trading on Wednesday following a report that the bank is weighing a sale. The regional bank has been assessing options, including …

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Jeffrey Epstein private islands bought by billionaire

Little St. James Island, one of the properties of financier Jeffrey Epstein, is seen in an aerial view near Charlotte Amalie, St. Thomas, U.S. Virgin Islands July 21, 2019. Marco Bello | Reuters An investment firm led by the billionaire Stephen Deckoff has bought two private islands in the U.S …

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FTC proposes barring Meta from monetizing kids’ data

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022.  David Paul Morris | Bloomberg | Getty Images The Federal Trade Commission proposed on Wednesday barring Facebook parent company Meta from monetizing kids’ data after it …

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Chegg stock jumps 17% Wednesday after dropping 48% on ChatGPT concerns

Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Chegg’s stock returned to the plus side on Wednesday after the online education company lost half its value a day earlier due to concerns about the potential impact of ChatGPT on its business. As of early afternoon New York time, Chegg shares …

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Airbnb CEO Brian Chesky was doubted by his mom, now he’s worth billions

Many folks once scoffed at the idea that people would rent their homes to strangers — including Airbnb co-founder and CEO Brian Chesky’s own mother. That’s according to Chesky, who told the story at a recent Stanford Graduate School of Business event. As he recounted, he was a 20-something industrial …

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$90 billion in buybacks expected

Tim Cook, Apple’s Chief Executive Officer (CEO) reacts as a man shows him Apple’s Macintosh outside the Apple store at Jio World Drive mall, Mumbai, India on April 18, 2023. Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images When Apple reports quarterly earnings on Thursday, the results are …

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