Microsoft's generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record...
Category: Finance
American demand for international trips drives ‘travel momentum’ and overall spending
Hinterhaus Productions | Digitalvision | Getty ImagesTravel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research."A key part of travel momentum lies within vacationing abroad," Taylor Bowley and Joe Wadford, economists at the...
‘Vigorous give and take’: U.S. security advisor discusses economic curbs in rare trip to China
US National Security Advisor Jake Sullivan shakes hands with China's President Xi Jinping (R) during their meeting at the Great Hall of the People in Beijing on August 29, 2024. Trevor Hunnicutt | Afp | Getty ImagesBEIJING — U.S. national security advisor Jake Sullivan said he raised concerns about the country's...
Dollar General shares crater 25% as retailer cuts outlook, blaming ‘financially constrained’ customers
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesDollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.Shares of the retailer, which caters...
The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport
Grace Cary | Moment | Getty ImagesTravelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a...