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438 articles found for "passive income"
The Department of Government Efficiency is slashing 7,000 Social Security jobs and closing 47 offices. Wait times already exceed 3 hours, and 72.5 million beneficiaries face unprecedented service disruptions.
The U.S. goods trade deficit surged to a record $153.3 billion in January 2026, far exceeding the $115 billion forecast, as businesses front-loaded imports ahead of anticipated tariff increases. Industrial supply imports jumped a record 32.7%.
DraftKings posted its first-ever profitable year with Q4 revenue of $1.99 billion, up 43% year over year. But weak 2026 guidance of $6.5-$6.9 billion versus $7.3 billion consensus sent shares plunging 15%, erasing $3 billion in market value.
Valentine's Day staples have surged 15% year over year, more than five times the rate of overall inflation. A quarter of Americans plan to take on debt to cover the cost, with chocolate, flowers, and restaurant meals all hitting record price levels.
BMO Capital Markets downgraded Dollar Tree to underperform with a $95 price target, warning that the 50% tariff on Chinese goods could cut second-quarter profits in half.
John Deere announced a $20 billion commitment to U.S. manufacturing over the next decade, including two new facilities, even as analysts expect a 40% earnings decline in Q1 2026.
Hyatt Hotels reported Q4 EPS of $1.33 vs. $0.41 expected, a 224% beat, with RevPAR up 4% and its World of Hyatt loyalty program crossing 63 million members.
Wendy's reports Q4 2025 earnings beating EPS estimates at $0.16 but missing revenue expectations at $439.6 million. Global systemwide sales declined to $14 billion and 2026 guidance of $0.56-$0.60 EPS signals continued pressure.
Medicare will begin covering GLP-1 weight loss drugs including Wegovy and Zepbound by mid-2026 at approximately $50 monthly copays under the new GENEROUS program, expanding access to 10% of Medicare beneficiaries with obesity.
The Trump administration is working to narrow its 50% steel and aluminum tariffs as the affordability crisis intensifies ahead of midterm elections and six House Republicans vote to terminate Canada trade duties.
PG&E Corporation reports solid 2025 results with non-GAAP earnings of $1.50 per share, tightens 2026 guidance, and announces a $73 billion five-year capital plan while cutting residential electric rates for the fourth time in two years.
DraftKings reported Q4 2025 revenue of $1.99 billion, up 43% year-over-year, with adjusted EPS of $0.36 crushing estimates of $0.14. But shares plunged 14% after hours as 2026 revenue guidance of $6.5-6.9 billion and EBITDA of $700-900 million disappointed investors expecting faster expansion.