Avishek Das | Lightrocket | Getty ImagesBitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve’s rate cutting plans.The price of the flagship cryptocurrency was last higher by 4.3% at $60,394.41, according to Coin Metrics. At one point, it rose as high as $61,335.83. It got an initial lift on Monday night as former President Donald Trump unveiled his new crypto venture, World Financial Liberty Coin.Bitcoin breached the $60,000 level Tuesday morning as the Federal Reserve kicked off its two-day policy meeting. The central bank is widely expected to cut interest rates for the first time in…
Author: usaeverydaylife
Miami Beach, Florida, Manolo, restaurant, employees at bakery counter. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)Jeff Greenberg | Universal Images Group | Getty ImagesLatinas are making substantial contributions to the U.S. economy.The female Hispanic population contributed $1.3 trillion to gross domestic product in 2021, an increase from $661 billion in 2010, according to a recent report funded by Bank of America.That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that’s 2.7 times that of the non-Hispanic population.The total output of U.S. Latinas in 2021 was also larger than the entire…
There’s a few high-dividend stocks with strong upside potential that investors can tap into as the widely anticipated rate-cutting cycle begins. The Federal Reserve is set to cut interest rates Wednesday for the first time in four years, which should make the yields for dividend stocks even more attractive, lifting the group. Investors can also look at these stocks — which include several names like Exxon Mobil and ConocoPhillips — as a reliable hedge against any economic slowdown in case central bankers end up being behind the curve on rate cuts. Using the CNBC Pro Stock Screener tool, we searched…
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesApple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with knowledge of the negotiations said.The discussions are still early and key elements of a deal — such as price and whether JPMorgan would continue certain features of the Apple Card — are yet to be decided, said the person, who requested anonymity to discuss the nature of…
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty ImagesSnap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical world.The latest Spectacles are only available for developers, who must commit to paying $99 a month for one full year if they want to build AR apps for the device. The glasses can produce more compelling digital visuals than the prior version and are built on top…
By Grant Brisbee, Andy McCullough and Stephen J. NesbittEvery week, we ask a selected group of our baseball writers — local and national — to rank the teams from first to worst. Here are the collective results.There are two weeks left in the Major League Baseball regular season. Each team has four series remaining between them and whatever is on their October calendar: playoffs or pool time.But November looks the same for all of ’em.That’s awards season, baby!We’ve paired this week’s Power Rankings with picking each team’s top individual award candidate — MVP, Cy Young, Rookie of the Year, Jomboy Lip-Reading…
Boeing 737-790 aircraft belonging to Alaska Airlines is seen flying at Anchorage Ted Stevens International Airport in Anchorage, Alaska, United States on July 2, 2024. Hasan Akbas | Anadolu | Getty ImagesAlaska Airlines and Hawaiian Airlines can go through with their planned merger, but they must maintain the value of their airline reward systems and preserve several key routes, the U.S. Department of Transportation said Tuesday.The two carriers’ $1.9 billion merger agreement cleared the U.S. Justice Department’s review last month. That put it in the hands of the Transportation Department, which must also review airline mergers.The DOT said the airlines must…
Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they’ve saved too little to support themselves in old age.About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. They polled 6,657 U.S. adults in early August, including 2,603 who are retired and 4,054 who are working full time or part time, are self-employed or who own a business.While working longer is among the best ways to shore up one’s nest egg, the plan may backfire, according…
If you were waiting for your cue to step out of high-yielding money market funds, the bell is about to ring: The Federal Reserve is widely expected to start cutting interest rates on Wednesday afternoon. Central bank policymakers embarked on their rate-hiking journey in March 2022, which had the pleasant side effect of boosting yields on a range of plain-vanilla investments, including Treasury bills and certificates of deposit. Currently, the Fed’s benchmark interest rate sits at a target range of 5.25% to 5.5%. But the days of 5% yields on money market funds are numbered, even as more than $6.3…
LeanIn and McKinsey have released their annual Women in the Workplace Report, and while there are clear signs of progress, women also face major headwinds. The percentage of Fortune 500 CEOs who are women has doubled from 5% a decade ago when LeanIn and McKinsey started doing this report, to 10% today. Companies now offer significantly more work-life benefits than they did even five years ago: In 2024, 92% of companies offered paid maternity leave and 86% offered paid paternity leave, up from 2018, when 78% of companies offered paid maternity leave and 70% offered paid paternity leave.”We’re seeing some progress,…
