More Americans live in multigenerational households to save money

More Americans live in multigenerational households to save money

“We are a four-generation household,” said Jason Fitzgerald. Fitzgerald, 45, and his wife, Rachel Zack, 41, bought a six-bedroom house with Rachel’s parents Beverly and Arthur Zack, who are in their 70s, and Rachel’s 98-year-old grandmother Lillian, who goes by “Bubbie.” They all live together in South Orange, New Jersey, along with Fitzgerald and Zack’s … Read more

What this week’s retail earnings tell us about Costco, Amazon and Apple

Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Results were all over the map for this week of retail earnings. But dig a little deeper, and there were some very clear themes — regardless … Read more

What stock buybacks are, and how a new 1% tax affects your portfolio

U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden‘s sweeping tax, health and climate package — adds a … Read more

Bed Bath & Beyond to drop to $3 after Cohen sale, potential debt restructuring, Telsey Group says

Bed Bath & Beyond’s latest meme stock moment won’t last, according to Telsey Advisory Group. The name shot higher this month as retail traders piled in, resulting in unusually high volume and outsized moves. Bed Bath & Beyond is up more than 250% in August, but was down 42% in extended trading Friday morning after … Read more

5 things to know before the stock market opens Friday, August 19

Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Rough morning for stocks The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes … Read more

Energy bills are squeezing businesses and people as UK costs soar

A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. … Read more

Paramount is worth the house of pain

Atkore Inc: “I’ve been fascinated by this. … I’m going to look into them deeper.” Paramount Global: “It is ridiculously cheap. I like the stock. … I think it’s worth the house of pain for the ultimate [house of pleasure].” Ammo Inc: “I don’t recommend these gun stocks. They don’t make anybody any money.” Zoetis … Read more

Jumbled economic booms and busts mean companies ‘can’t really plan,’ Jim Cramer warns investors

CNBC’s Jim Cramer on Thursday advised investors to accept that companies will most likely continue struggling to plan for the future as they adjust to quick, constantly-evolving changes in the economy. “In that kind of environment, you can’t really plan — you just have to guess,” the “Mad Money” host said. “And 2022 will be … Read more

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Thursday

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 Thursday’s key moments: Cisco Systems looking strong Quick takes on Bullpen: SBUX, EL Prepare to pounce on Nvidia Still a chance to buy Pioneer 1. Cisco Systems looking strong Cisco Systems (CSCO) beat … Read more