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Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York.Jenny Anderson | WireImage | Getty ImagesIf your car breaks down or you have an unexpected medical bill, it may be tough to come up with the cash to cover the expense.In a pinch, it can be tempting to take money from your 401(k) plan or other retirement savings account.But that may be one of the biggest financial mistakes you can make, personal finance expert Suze Orman said Tuesday during a webcast hosted by the Bipartisan Policy Center.”The majority of Americans, in my opinion, barely have the…

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Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations.Yin Hon Chow | CNBCBEIJING — A trickle of changes around China’s Covid controls in the last 24 hours has raised hopes that broader relaxation is on its way.Local state media reports and anecdotes indicated Thursday that some people who tested positive for Covid-19 in Beijing might now be allowed to quarantine at home instead of being sent to a centralized facility. It was not clear to what extent these changes applied. At a central government level, one notable…

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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 ImagesMortgage 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 0.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The results also include an adjustment for the observance of the Thanksgiving holiday.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49%…

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In this articleSNOWFollow your favorite stocksCREATE FREE ACCOUNTThe New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter. To honor the occasion, Snowflake the bear, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®.NYSEShares of the cloud data platform provider Snowflake fell more than 5% in extended trading on Wednesday after the company released third-quarter results that beat estimates but offered light product revenue guidance.Here’s how the company did:Earnings per share: 11 cents, adjusted, vs. 4 cents expected by analysts, according to RefinitivRevenue: $557 million vs. $539 million…

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Americans are increasingly finding alternative ways to satisfy their holiday wish lists as they continue to grapple with high prices and inflation.In many cases, that means opting for flexible payment plans.On Black Friday through Cyber Monday, buy now, pay later payments through companies such as Klarna, Zip, Zilch, Affirm and Afterpay jumped 85% compared with the week before, according to the most recent data from Adobe. Buy now, pay later revenue rose 88% for the same period.The option to pay in installments “means a merry Christmas, but in the long run for many will hurt their credit,” said Marshall Lux, a senior fellow at…

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Sam Norpel and her family. Norpel, 48, second from the right, got Covid-19 in December 2021 and hasn’t recovered. This chronic illness, known as long Covid, impacts up to 23 million Americans.Kirstie DonohueSam Norpel used to present regular financial updates to C-suite executives.Now, unpredictable bouts of broken, staccato speech make that impossible for the former e-commerce executive.Despite being up to date with vaccines and boosters, Norpel, 48, got Covid-19 in December 2021, when the highly transmissible omicron variant was fueling record U.S. caseloads.She never got better — and in fact, feels worse, with a range of debilitating symptoms that make…

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In this articleDALFollow your favorite stocksCREATE FREE ACCOUNTThe Sky Lounge during a tour of Delta Air Lines Terminal C at LaGuardia Airport (LGA) in the Queens borough of New York, on Wednesday, June 1, 2022.Stephanie Keith | Bloomberg | Getty ImagesDelta Air Lines is making the most exclusive corners of the airport harder to get into.Next year, the airline will increase the prices and requirements to gain access to its Sky Club airport lounges, spaces designed to offer flyers an escape from the traveling masses with complimentary food and drinks, workspaces, comfortable seats, and couches. Sometimes, even showers are available.Delta’s…

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In this articleCRMFollow your favorite stocksCREATE FREE ACCOUNTSalesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018.Karl Mondon | Bay Area News Group | Getty ImagesSalesforce reported earnings and revenue on Wednesday that beat analyst expectations. It also announced that co-CEO Bret Taylor is stepping down. CEO and Salesforce co-founder Marc Benioff will the be sole person in charge of the company.Salesforce stock fell over 6% in extended trading.Here’s how the company did versus Refinitiv consensus estimates for the quarter ending in October:EPS: $1.40,…

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In this articleFIVECOSTSNOWCRMFollow your favorite stocksCREATE FREE ACCOUNTSignage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell: Salesforce — Salesforce’s stock shed 6.7% despite beating analysts’ expectations on both the top and bottom lines after announcing the departure of co-CEO Bret Taylor.Snowflake — The cloud stock tumbled 6% after hours on light product revenue guidance despite a top and bottom line beat. Snowflake said it expects revenue to come in between $535 million and $540 million in the fourth quarter,…

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Bill Oxford | E+ | Getty ImagesIf 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 for previous tax years, the agency reported.related investing newsThese assets have yields not seen in years — here’s what to know about preferred stocksMichelle Foxa day agoAdjusted quarterly and tied to the federal short-term rate, the 7% interest applies to pending refunds and unpaid tax balances.More from…

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Tech startup company Fast Chief Communications Officer Jason Alderman (R) talks with an employee on the first day working in the office on March 24, 2021 in San Francisco, California.Justin Sullivan | Getty ImagesInflation has stretched household budgets near their limit. As a result, most people have reined in discretionary spending, even when it comes to health and wellness.But just as many Americans want to scale back, U.S. health officials are expecting another pandemic wave this winter and new research underscores the importance of having comprehensive medical benefits.Although the Biden administration is looking at ending the public health emergency over…

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A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California.Mario Tama | Getty ImagesThe 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., has promised swift passage.A separate House vote added seven days of paid sick leave to the agreement.The resolution’s passage, by a vote of 290-137, comes after President Joe Biden called on Congress to intervene in the stalled talks between railroads and some of the industry’s major unions.…

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Kemal Yildirim | E+ | Getty ImagesYou’ve got about a month left to make sure you get it right when it comes to mandatory withdrawals from retirement accounts.Required minimum distributions, or RMDs as they’re called, are annual amounts that must be withdrawn beginning in the year you reach age 72 — up from age 70½ before the Secure Act took effect in 2020. RMDs apply to 401(k) plans — both traditional and Roth — and similar workplace plans, as well as most individual retirement accounts. Roth IRAs have no required withdrawals until after the account owner’s death.related investing newsThese assets have…

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In this articleBTC.CM=Follow your favorite stocksCREATE FREE ACCOUNTThe bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund.Andrea Ronchini | NurPhoto via Getty ImagesThe European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.”In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new heights.”related investing newsWhy Cathie Wood thinks bitcoin will still hit $1 million by 2030 and benefit from the…

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Michael Bryand, 35, first got Covid in September 2020. “I never really got better,” he said in a sit-down interview with CNBC.”I had symptoms that stayed with me and that are still with me.”Bryand, who was working at Wells Fargo in San Antonio at the time, went on short-term disability and then long-term disability but was later denied Social Security Disability Insurance, or SSDI.Although the Biden administration is looking at ending the public health emergency over the next few months, many who get sick but survive Covid suffer from enduring health problems, studies show. And currently, as many as 23 million…

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In this articleACIKRFollow your favorite stocksCREATE FREE ACCOUNTAlbertsons and Kroger supermarketsBridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty ImagesThe battle over whether grocery giants Kroger and Albertsons should be allowed to combine is heating up.On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington, where they faced a series of questions about how the deal could shake up the competitive landscape — and potentially the prices that consumers pay at the store.related investing newsBlack Friday was better than feared for retail stocks — Two potential big winners Michelle Foxa day…

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TreeCard offers users a spending and money management platform tied to a debit card made from wood.TreeCardTreeCard, a climate-conscious digital money app, raised $23 million from investors in a new financing round.Founded by British entrepreneur Jamie Cox in October 2020, TreeCard is a novel concept in the fintech world. It offers users a spending and money management platform tied to a debit card made from wood.The firm uses 80% of the profits it makes from card interchange fees to plant trees through a partnership with green search engine Ecosia. TreeCard has so far planted more than 200,000 trees.The deal underscores…

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Consumers spent a record $9.12 billion online shopping during Black Friday and another record $11.3 billion on Cyber Monday, according to the most recent data from Adobe. So far this November, consumers have spent $107.7 billion online overall, up nearly 10% from last year.Yet roughly 60% of Americans were living paycheck to paycheck heading into the month.”Shoppers are continuing to spend despite inflation and economic headwinds,” said Tom McGee, president and CEO of ICSC, the largest trade association for the retail real estate industry.  As high prices continue to weigh on most households’ financial standing, more shoppers are relying heavily on credit cards and flexible…

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In this articleTSLASPGIFollow your favorite stocksCREATE FREE ACCOUNTA Tesla Model 3 vehicle is on display at the Tesla auto store on September 22, 2022 in Santa Monica, California. Tesla is recalling over 1 million vehicles in the U.S. because the windows can pinch a person’s fingers while being rolled up.Allison Dinner | Getty ImagesTesla is still the top-selling electric vehicle brand in the U.S., but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Global Mobility.The data firm found that Tesla’s market share of new registered electric vehicles…

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In this articleCRWDFollow your favorite stocksCREATE FREE ACCOUNTGeorge Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017.Patrick T. Fallon | Bloomberg | Getty ImagesCrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected.Here’s how the company did:Earnings: 40 cents per share, adjusted, vs. 31 cents expected by analysts, according to RefinitivRevenue: $581 million vs. $574 million expected by analysts, according to RefinitivCrowdStrike reported annual recurring revenue (ARR)…

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