Business
If you’re still missing your tax refund, you’ll soon receive 7% interest from the IRS — but it’s taxable
Bill Oxford | E+ | Getty Images If your tax refund is still in limbo, there’s good news: Your balance may be accruing interest, and the rate increases to 7% from 6% on Jan. 1, according to the IRS. As of Nov. 18, there were 3.4 million unprocessed individual returns received in 2022, including filings […]
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House approves tentative labor deal to avoid rail strike, sends to Senate
A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. The bill now goes to the Senate, where Majority Leader Chuck Schumer, D-N.Y., […]
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This ‘defensive’ software stock could jump 70% going forward, Mizuho predicts
Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking guidance […]
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Mortgage rates fall for the third straight week, but demand still drops further
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images Mortgage rates soared over 7% just a month ago, but since then they have fallen more than half a percentage point. Still, mortgage loan application volume decreased […]
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Jim Cramer’s Investing Club meeting Wednesday: Fed speech, stock picks, Alphabet’s costs
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed Chair Powell to speak Defensive growth stocks Alphabet’s high costs 1. Fed Chair Powell to speak Stocks were mixed Wednesday ahead of a highly anticipated speech from Federal Reserve […]
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The most heavily shorted stocks include this little-known beauty company
Investors raised bets against Beauty Health Company , owner of the skincare brand HydraFacial, in the first half of November. As of Nov. 15, short interest in the beauty stock surged 26% to 32.8 million, or roughly 32% of its total float, according to FactSet data. Short interest as a percentage of float refers to […]
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Delta is making it harder to get into its airport lounges after they were flooded by travelers
The Sky Lounge during a tour of Delta Air Lines Terminal C at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Wednesday, June 1, 2022. Delta Air Lines said it will trim about 100 flights a day in the US and Latin America from July 1 through Aug. 7 to help […]
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Tornadoes reported as storms cause flooding and damage across the South
A vehicle races along a Jackson, Miss., street as lightning streaks across the sky, Tuesday evening, Nov. 29, 2022. Area residents were provided a light show as severe weather accompanied by some potential twisters affected parts of Louisiana and Mississippi. Rogelio V. Solis | AP Tornado warnings for Alabama and Mississippi continued into the early […]
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Bank of America downgrades Carvana, says stock could go to zero without a cash infusion
Hold off on Carvana for now as the stock could go one of two ways, according to Bank of America. Analyst Nat Schindler downgraded Carvana to neutral, saying that the online car retailer is badly in need of more liquidity as it struggles to turn profitable. “We now believe that without a cash infusion, Carvana […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on November 29, 2022 in New York City. Spencer Platt | Getty Images Here are the most important news items that investors need to start their trading day: 1. Rate hike watch Federal Reserve Chair Jerome Powell is scheduled to speak at the […]
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