Xavier Lorenzo | Moment | Getty ImagesGen Z seems to have a case of economic malaise.Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels "pointless," according to a recent Credit Karma poll.A freewheeling attitude toward...
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U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the...
Wealthy inheritors plan to fire their parents’ wealth advisors
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive...
Lululemon shares tumble 23% as it cuts full-year earnings guidance, citing ‘dynamic macroenvironment’
Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a "dynamic macroenvironment."As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news release that "we intend to leverage our strong financial position and competitive...
Top Wall Street analysts prefer these dividend stocks for stable returns
Sopa Images | Lightrocket | Getty ImagesVolatile markets call for stability within portfolios, and investors are shopping for dividend stocks to provide a combination of upside potential and solid income.While the U.S. and China's recent agreement to slash tariffs for 90-days provided some relief to investors, the threat of steep...