Savannah Britt owes about $27,000 on loans she took out to attend college at Rutgers University, a debt she was hoping to see reduced by President Joe Biden’s student loan forgiveness efforts. Her payments are currently on hold while courts untangle challenges to the loan forgiveness program. But as the weeks tick down on Biden’s…
Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services. TOKYO — Sony’s profit surged 69% in July-September from a year earlier on the back of strong sales of its image sensors, games, music and network services, the Japanese electronics and entertainment company reported…
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990…
WASHINGTON — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exacerbated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future moves are now more uncertain in the aftermath of the election,…
Four years ago, Fox News precipitated an internal crisis with a bold election night call that President Joe Biden would beat Donald Trump in the crucial state of Arizona. This year illustrated the difference that four years can make. Fox News wasn’t the first network early on Wednesday to declare Trump had sealed his victory…
elf beauty power grip primer. Courtesy: elf Beauty Elf Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 10% in after-hours trading. The cosmetics retailer’s earnings came in well ahead of expectations on the top and bottom lines and it now expects sales to…
For all the concerns about a tumultuous process that could leave Americans waiting for days to learn who its next president would be, news outlets instead experienced an election night that hewed close to tradition. Fox News Channel declared Donald Trump had reclaimed the presidency at 1:47 am on Wednesday. Broadcast networks and The Associated…
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021. Andrew Kelly | reuters CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner’s first at the helm of the troubled retail drugstore chain. The company…
NEW YORK — Bernard “Bernie” Marcus, the co-founder of The Home Depot, a billionaire philanthropist, and a big Republican donor, has died. He was 95. Marcus died Monday in Boca Raton, Florida, surrounded by family, according to a Home Depot spokesperson. Marcus was Home Depot’s CEO as it grew rapidly during its first two decades,…
TOKYO — Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale. Kyoto-based Nintendo Co. reported a 108.7 billion yen ($715 million) profit…
