Lufthansa Stock Up On Q4 Profit, FY23 View For Improved Earnings

Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading in Germany after the flag carrier reported Friday a profit in its fourth quarter, compared to last year’s loss, benefited by significant demand growth in air travel. Fiscal 2022 revenue almost doubled, and the airline projects further significant improvement in fiscal […]

Education industry at highest risk for layoffs over next 6 months: survey

video Recession is officially underway: Eddie Ghabour Key Advisors Wealth Management co-founder and CEO Eddie Ghabour tells ‘Varney & Co.’ the recession is accelerating at a faster pace than the market is pricing in on and Wall Street is about to hit ‘new lows.’  While layoffs in technology and media are making headlines, chief financial […]

Consumer confidence slips again

video Charles Payne: The consumer is not strong FOX Business host Charles Payne provides insight on the state of the economy on ‘Making Money.’ U.S. consumer confidence unexpectedly fell for the second straight month in February as Americans' outlook on the economy tumbled further, showing how persistent inflation is weighing on shoppers amid looming recession […]

Young, solo Australians struggling most with rising costs

As the cost of living continues to soar, covering the bills for a family is challenging enough. But spare a thought for those living alone. Paying your mortgage, utility bills, insurance and groceries is no mean feat when you’re relying on one income. Collaborative database Expatisan estimates the current cost of living alone in Australia […]

Should my partner cash out my super when I die?

My wife and I are both 85. We rent as we do not own a home. I have advised my wife to convert my $1 million super account to cash in a bank account in the event of my death. I hope this will save tax and simplify her will. Will she receive any Centrelink […]

Digital mortgages have cut-price rates, but they don’t suit everyone

All of Australia’s major banks are racing to offer digital mortgages: systems that allow banks to decide whether to lend hundreds of thousands of dollars, even millions, in as little as 10 minutes. No one likes delays, sure. But when the cost of living is surging, a competitive interest rate is probably more important for […]

Target Q4 Results Top Estimates; Sees Q1, FY23 Earnings Below Market

Discount retailer Target Corp. reported Tuesday weak earnings in its fourth quarter, while adjusted earnings and top line beat market estimates. Looking ahead, the Minneapolis-based company projects earnings for the first quarter and fiscal 2023 below the Street view. In pre-market activity on the NYSE, Target shares were gaining around 3 percent to trade at […]

What to Expect from the Fed After January PCE Overshoots Forecast

January’s Personal Consumer Expenditure (PCE) index came in hot at 5.4% vs. the expected 5% inflation rate. The market is already in a frenzy as investors speculate on the Federal Reserve’s next move. But what is the Fed’s actual maneuvering space? January PCE Higher than Expected On the heels of last month’s market rally, the January […]

U.S. Consumer Sentiment Index For February Unexpectedly Upwardly Revised

Consumer sentiment in the U.S. improved slightly more than initially estimated in the month of February, according to revised data released by the University of Michigan on Friday. The report said the consumer sentiment index for February was upwardly revised to 67.0 from the preliminary reading of 66.4. Economists had expected the consumer sentiment index […]