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  Month: May 2025

Finance

Long-term care costs can be a ‘huge problem,’ experts say. Here’s why

May 18, 20250

Kate_sept2004 | E+ | Getty ImagesLong-term care can be costly, extending well beyond $100,000. Yet, financial advisors say many households aren't...

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Economy

The low-end consumer is about to feel the pinch as Trump restarts student loan collections

May 18, 20250

Andersen Ross Photography Inc | Digitalvision | Getty ImagesWall Street is warning that the U.S. Department of Education's crack down on student ...

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Earnings

Shares of Cartier owner Richemont jump 7% as shoppers splurge on jewelry despite luxury slowdown

May 18, 20250

A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont.Bloomberg | Getty ImagesCartie...

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Business

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated

May 18, 20250

A 2025 Ford Expedition with bronze trim at the automaker's Kentucky Truck Plant, April 30, 2025.Michael Wayland | CNBCLOUISVILLE, Ky. — A white 2...

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Finance

Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary

May 16, 20250

Walmart's business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer's former U.S....

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Economy

JPMorgan Chase CEO Jamie Dimon says recession is still on the table for U.S.

May 16, 20250

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wed...

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Earnings

CoreWeave CEO defends capex plans, says company is meeting ‘demand signals’ from major hyperscalers

May 16, 20250

Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company's IPO at the Nasdaq Market in New...

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Business

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

May 16, 20250

A customer exits a Cava restaurant in New York City on June 22, 2023.Brendan McDermid | ReutersCava on Thursday reported better-than-expected sal...

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Finance

Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old

May 15, 20250

Warren Buffett does a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025.David A. Grogen | CNBC...

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Economy

Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021

May 15, 20250

Inflation was slightly lower than expected in April as President Donald Trump's tariffs just began hitting the slowing U.S. economy, according to...

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