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☆ How much money Americans in their 20s saved in 2023—and how to save more
▼ + stars: | 2024-04-02 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

From a busy social life to beginning to pay off student loans, your 20s can be a hard time to save for the future — especially with retirement decades away. "In your 20s, maybe you're just out of college, have some student loans, have your first job," says Nia Gillett, certified financial planner at Gen Y Planning, a firm that focuses on young professionals. "It can be easy to say, 'Oh, I finally have money,' and just start spending it." That's less than the average amount of $7,148 people in their 20s aimed to save, but how much should you really be saving? Social media in particular can make it hard for young people to save more, she adds.

Persons: Nia Gillett, Gillett Organizations: New York, Social Locations: New

☆ Meet the billionaire 'king of subprime car loans' whose company underwrote Trump's $175 million civil fraud bond
▼ + stars: | 2024-04-02 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Billionaire Don Hankey's company underwrote a $175 million appeal bond for Donald Trump. The 80-year-old oversees Hankey Group, which employs over 3,400 people and whose assets are worth around $22.5 billion, per Forbes. Axos Bank CEO Greg Garrabrants has previously donated around $50,000 to Republican campaigns since 2012, with $9,600 in support of Trump, according to Federal elections records. Related storiesHankey's net worth is estimated at $7.4 billion, according to Forbes — and it's nearly doubled within the last three years. The mansion ended up auctioning for less than half of its expected $500 million worth.

Persons: Don Hankey's, Donald Trump, Hankey, —, Don Hankey swooped, It's, that's, Trump, refinanced, Greg Garrabrants, Forbes —, Ford, Westlake, Niami, David Sucsy, Niami's, Allen J, Schaben, Getty Hankey, Debbie Hankey Organizations: Bel, Service, Hankey Group, Forbes, Hankey's, Specialty Insurance, Bloomberg, Axos Bank, Axos, Trump, Westlake Financial Services, Hankey Investment, Bel Air, Los Angeles Business Journal, University of Southern Locations: Southern California, Bel Air Los, Bel, University of Southern California, Malibu

☆ 60 bundles of food fell into the sea as a US military C-130 aircraft attempted to drop aid into war-torn Gaza
▼ + stars: | 2024-04-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

60 bundles of food fell into the sea during a joint US-Jordan humanitarian aid drop in Gaza yesterday. AdvertisementDuring the latest US military humanitarian aid drop into Gaza amid a retaliatory Israeli offensive, dozens of bundles of food fell into the sea. The aid bundles included Jordanian-provided food and was delivered from three US Air Force C-130 aircraft. Related storiesBut during the aid drop, approximately 60 bundles of food landed in the sea. AdvertisementEarlier this month, Gaza's Hamas-run Ministry of Health said five children were killed and other injured by aid drops with failed parachutes.

Persons: —, USCENTCOM, CENTCOM, Gaza's, CENTOM Organizations: Service, US Air Force, Hamas, Gaza's Hamas, of Health Locations: Jordan, Gaza, Jordanian, Israel

☆ 26-year-old made $11,000 in 100 days from more than a dozen side hustles—her No. 1 piece of advice
▼ + stars: | 2024-04-02 | by ( Annie Probert | ) www.cnbc.com time to read: +6 min

To make that number less daunting, she broke it down into a daily goal — $100 per day. Mitchell challenged herself to make an extra $100 a day for 100 days, and documented her journey on TikTok . "And if I can help one person earn an extra $100 a month, why would I not post that?" In many of her videos, Mitchell does data annotation as a side gig before or after her day job. Be realistic with your timeMaking nearly $11,000 in 100 days might sound amazing, but the challenge didn't come without sacrifices.

Persons: Mitchell, It's, Jackie Mitchell's, you've, it's, hustles Mitchell, they're Organizations: CNBC Locations: Columbus , Ohio, Paris

☆ Here's the 16-slide pitch deck addiction care startup Pelago used to raise $58 million
▼ + stars: | 2024-04-01 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Healthtech startup Pelago just grabbed a fresh round of funding to power its own push. The Series C was an upround for Pelago, said Dr. Yusuf Sherwani, cofounder and CEO. Sherwani said the Series C round may be Pelago's last capital raise before it hopes to IPO. With the Series C funding, Pelago plans to launch a program in the second quarter of the year to refer members who don't complete substance use disorder treatment to inpatient facilities. Check out the 16-slide pitch deck Pelago used to raise a $58 million Series C.

Persons: —, Atomico, Yusuf Sherwani, Sherwani, Pelago, Phillips, we've Organizations: Service, Octopus Ventures, Business, Mental Health Services Administration, Healthcare, Centers for Disease Control, MetLife, GE Appliances, Pelago Locations: Pelago

☆ US scientists are leaving academia. That’s bad news for drug companies
▼ + stars: | 2024-04-01 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

“Science postdocs perform the science,” Donna Ginther, an economist who studies the science labor market at the University of Kansas, told CNN. Biomedical companies take scientific contributions and, over time, aggregate them into a commercial product. Building on the discovery of mRNA in the 1960’s, the technology behind an mRNA vaccine for humans was in development for decades before the Covid-19 vaccine was first administered in 2020. By using that technology to develop their mRNA vaccines for Covid-19, pharmaceutical companies like Pfizer and Moderna made a windfall in profits. “That’s how they make money is through commercialization: they have a product, which they then patent and sell.”Why are scientists leaving academic labs?

Persons: postdocs, Donna Ginther, “ They’re, Michael Ciaglo, ”, “, Nobel, Dr, Katalin Kariko, ” Ginther, they’re, Ginther Organizations: New, New York CNN —, National Institutes of Health, NIH, National Science Foundation, University of Kansas, CNN, ”, Pfizer, Moderna, Wired Magazine, NSF, World Health Organization Locations: New York, United States, Denver , Colorado, Europe, Alzheimer’s

☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ My dad was always an extreme penny-pincher, but his lessons helped me buy 2 homes on a teacher's salary
▼ + stars: | 2024-04-01 | by ( Elana Rabinowitz | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

My dad had many creative ways to save money, including zig-zagging all over NYC to avoid road tolls. Growing up, I learned the value of money from him, and I've applied his lessons over and over. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Following in my father's careful footsteps has allowed me to afford two homes and a new car, all on a teacher's salary. I love to travel, and, as a teacher, I'm able to take advantage of summers off.

Persons: I've, —, San Remo, I'd, I'm, doesn't Organizations: Service, New Locations: New York City, San, South America, South Africa, New York, Brooklyn

☆ 4 reasons Private College 529 Plan is a wise investment for your child's future
▼ + stars: | 2024-04-01 | by ( Sponsor Post | Created Insider Studios | ) www.businessinsider.com time to read: +7 min

Private College 529 Plan locks in today's tuition rates, saving big on future costs and giving flexibility with school choice. Both LaShanda and Ben have been saving for their children's higher education using Private College 529 Plan. Learn more about setting your child up for success with Private College 529 Plan. When you save with Private College 529 Plan, you purchase tuition at then-current rates for each college in the plan. This post was created by Insider Studios with Private College 529 Plan.

Persons: Ben S, Ben, LaShanda, Spelman, they're, prepaying, It's, Roth Organizations: Private, Private College, College Board, Stanford, MIT, Princeton, Spelman College, Roth IRA, Insider Studios Locations: Arizona , Arkansas , Kansas , Maine, Minnesota , Missouri, Montana , Ohio, Pennsylvania

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ 3 money moves to make in your 30s to set yourself up for financial success
▼ + stars: | 2024-03-31 | by ( Annie Probert | ) www.cnbc.com time to read: +2 min

Your 30s are a decade often marked by big financial steps, from buying your first home to switching jobs to saving for future children. With more working years under your belt, you're likely making more money than you did in your 20s — but it can still be confusing to know exactly what you should be doing with it to set yourself up for financial success into your 40s and beyond. A 529 plan is a tax-advantaged savings account sponsored and operated by all 50 states and the District of Columbia. If you open a 529 account when your child is born, you'll have around 18 years to save and grow your investments, says Fincher. State tax deductions for 529 contributions also make these college savings plans appealing, though every state is different.

Persons: Andrew Fincher, you'll, Fincher Organizations: Financial, District of Columbia Locations: U.S

☆ Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
▼ + stars: | 2024-03-31 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.

Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon

☆ Danielle Collins: US star takes shock Miami Open win in emotional farewell season
▼ + stars: | 2024-03-31 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

The 30-year-old American, who reached the 2022 Australian Open final, stunned No. 53, produced an imperious display filled with powerful hitting to become the lowest ranked woman to ever win the Miami Open. Collins defeated the 2022 Wimbledon champion Elena Rybakina in the Miami Open final. And when the Kazakh faltered and conceded three set points at 6-5, Collins pounced to take the first set. Despite her success in Miami, Collins said she will not reconsider her decision to retire.

Persons: Danielle Collins, Elena Rybakina, Collins, ” Collins, “, Frey, Collins pounced, Rybakina, ”, Martina Navratilova, Chris Evert, Venus Williams, Serena Williams, Sloane Stephens Organizations: CNN, Miami, Kazakh, WTA, Sky Sports Locations: American, Miami

☆ Japan Is a Preview of China's Ugly Recession, Stock Market Crash
▼ + stars: | 2024-03-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

But Japan's economy — the long-unconscious patient — recently started to wiggle its toe. The country's stock market is ripping; the Nikkei recently exceeded the all-time highs it set 34 years ago. Now, Koo says, Chinese academics and policymakers are flocking to Japan to glean some kind of wisdom from the country's experience. Advertisement"This has made Japan attractive for foreign investors, and the stock market has done well," Koo said. Even without a currency war with Beijing, the world is building defenses against another wave of Chinese goods.

Persons: —, Goldman Sachs, there's, Nomura, Richard Koo, Koo, Shinzo Abe, Japan's, What's, it's, we're, haven't, Xi Jinping, doesn't, Xi, we've, Brasília Organizations: Nikkei, Goldman, Bank of Japan, Corporations, International Monetary Fund, Japan, Peterson Institute, European Union, China Locations: East Asia, China, Japan, Real, Tokyo, Beijing, Brussels, Brasília, American, Washington, Brazil, Turkey

☆ Pet insurance didn't feel worth it—until my cat needed a $3,000 surgery
▼ + stars: | 2024-03-30 | by ( Mike Winters | ) www.cnbc.com time to read: +7 min

My wife and I never gave pet insurance much thought, until our cat Wally needed a $3,000 surgery. My wife and I never gave pet insurance much thought — until we were told our cat Wally needed surgery that would cost nearly $3,000. Apparently, we weren't alone in that thinking, as only about 25% of pet owners have pet insurance, according to a recent NerdWallet survey. What you get with pet insuranceTypically, pet insurance covers accidents, illness and wellness, which pays for routine care like annual exams. How to know whether pet insurance is right for youFinancial planners who spoke with CNBC Make It were divided on whether pet insurance is worth the cost.

Persons: Wally, Mike Winters, periodontitis, there's, Rikin Shah, Carol Fabbri, — Organizations: CNBC, Insurance Locations: Denver

☆ Americans are spending more on travel and live entertainment. But their personal saving rate has taken a dip.
▼ + stars: | 2024-03-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Four years later, American consumers have mostly moved on from the pandemic and are spending more on experiences than ever before. Prioritizing experiences, however, has led to a major shift in their financial lives: The personal saving rate in the US has declined considerably. In 2023, consumer spending on foreign trips and live entertainment rose by nearly 30 percent, according to the newspaper. Related storiesAt the same time, perhaps predictably, the US personal saving rate has declined, according to the bureau. In February, the personal saving rate was 3.6 percent, a drop from 4.1 percent the month before.

Persons: —, Ulrike Malmendier, Malmendier Organizations: Service, Business, Washington Post, University of California Locations: Berkeley

☆ I built a tiny house in my parents' backyard and lived rent-free for 5 years. It helped me save money to see the world — and taught me how to live simply.
▼ + stars: | 2024-03-30 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +7 min

In 2018, right before I graduated from high school, my parents said I could build a tiny house in their backyard, and live rent-free. AdvertisementMy dad and I built the tiny house togetherIn a way, a piece of the structure had already existed on the property. AdvertisementMy tiny house has the basics but on a much smaller scaleWhen you step inside the tiny house, there's the kitchen, which has a love seat, lower cabinets, a countertop, and appliances. For example, there's a shower, but because it's in a tiny house, the shower is smaller than your typical shower would be. Living tiny taught me a lot and made me think of what's truly important to me.

Persons: Mckean Matson, Matson, —, I'd, Mckean Matson There's, I've, they're Organizations: Service Locations: College Station , Texas

☆ 26-year-old is one of first Gen Z women to hold public office in the U.S., works at Google and is getting her MBA—how she balances it all
▼ + stars: | 2024-03-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +7 min

Amiwala, who grew up and attended school in Skokie, thought a local school board might be a better fit for her interests and experience after losing her first race. "It made me more determined to get involved in politics as a form of activism," Amiwala tells CNBC Make It. She won her second term on the school board in April 2023, a position she will hold until 2027. CNBC Make It: How do you balance your board of education work with your job at Google and attending business school? CNBC Make It: Have you had any unique experiences as one of the first Gen Z elected officials in the U.S.?

Persons: Bushra Amiwala, Amiwala, she's, hasn't, I've, that's Organizations: Skokie School, of Education, Muslim, U.S, House, DePaul University, CNBC, Assembly, Google, Northwestern's Kellogg School of Management Locations: U.S, Skokie, Skokie , Illinois, Cook County, Chicago, Illinois

☆ Why Are Older Americans Drinking So Much?
▼ + stars: | 2024-03-30 | by ( Paula Span | ) www.nytimes.com time to read: 1 min

The phone awakened Doug Nordman at 3 a.m. A surgeon was calling from a hospital in Grand Junction, Colo., where Mr. Nordman’s father had arrived at the emergency room, incoherent and in pain, and then lost consciousness. At first, the staff had thought he was suffering a heart attack, but a CT scan found that part of his small intestine had been perforated. A surgical team repaired the hole, saving his life, but the surgeon had some questions. “Was your father an alcoholic?” he asked. The doctors had found Dean Nordman malnourished, his peritoneal cavity “awash with alcohol.”The younger Mr. Nordman, a military personal finance author living in Oahu, Hawaii, explained that his 77-year-old dad had long been a classic social drinker: a Scotch and water with his wife before dinner, which got topped off during dinner, then another after dinner, and perhaps a nightcap.

Persons: Doug Nordman, Nordman’s, “, ”, Dean Nordman, Nordman Locations: Grand Junction, Colo, Oahu, Hawaii

The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.

Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, “, Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud

☆ Europe saved its bears from extinction. Now some countries want more rights to shoot them
▼ + stars: | 2024-03-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +8 min

Wild brown bear populations across Europe have bounced back from the brink of extinction, and animal conservationists are thrilled. Some countries are arguing that law lies too far in the bears’ favor at the expense of human lives. Several European Union (EU) countries who are in favor of watering down bear protections are now taking their fight to the bloc’s headquarters in Brussels. How to deal with bear attacks have been on the political agenda of some of the EU’s 27 member countries for years. But some people argue that there are more humane ways to prevent bear attacks.

Persons: CNN —, Liptovský Mikuláš, John Linnell, ”, ’, Dominika Zarzycka, ” Linnell, “ It’s, Robin Rigg, Bruno, there’s, Linnell Organizations: CNN, Authorities, European Union, EU Environment Council, Norwegian Institute for Nature Research, “, Getty, Slovak Wildlife Society, EU Locations: Slovakian, Liptovský, Slovakia, Europe, Brussels, Romania, Finland, EU’s, attractants, Germany, Italy, Hungary, Spain, Ireland, Malta, Cyprus, Japan

☆ A woman aimed to visit 80 countries by 50 after a near-death experience. She did it — and then some.
▼ + stars: | 2024-03-28 | by ( Joey Hadden | ) www.businessinsider.com time to read: +6 min

Pamela Holt lost her entertainment career after two car accidents. "I hit rock bottom on that second accident," Holt told BI. Related storiesAfter a successful surgery, Holt woke up to her mom, who was already on the phone with American Airlines. After booking the trip, Holt told her doctors she planned to lug around a 40-pound backpack just half a year later. Pamela Holt at Vatican City, which is surrounded by Rome.

Persons: Pamela Holt, —, Holt, Pamela Holt Holt's, Petra —, Pamela Holt's Organizations: Service, American Airlines, Vatican City, Amazon Prime Locations: Mexico, Machu Picchu, Peru, Petra, Jordan, South America, Rome, Vatican, Holt, Thailand, Vietnam, Iceland, Bhutan

☆ Credit Card Swipe Fees Are Going Down. Are Points Going With Them?
▼ + stars: | 2024-03-28 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

On Tuesday, the largest credit card companies in the United States reached an agreement with merchants to reduce the so-called swipe fees retailers pay for accepting credit card payments, potentially saving the retailers $30 billion. These fees also help fund the credit card rewards programs that many travelers redeem for things like free flights and hotel stays, leading points hawks to wonder: Are loyalty programs at risk? Last year, credit card payments generated an estimated $72 billion in fees paid by merchants, which are generally passed along to customers in the form of higher prices. For nearly 20 years, merchants have been seeking reductions in the fees they pay Visa and Mastercard for handling transactions where the cards are used. It would also allow merchants to potentially charge consumers more based on the card they pay with.

Organizations: Visa, Mastercard, Chase Sapphire Reserve Locations: United States

NTSB crews used the ship’s voyage data recorder, or VDR, to piece together a rough timeline of events leading up to the collision. But it will take months for them to gather the piles of physical evidence, maintenance records, ship data and witness interviews required to deliver a full report, Homendy said. • 01:24:59 a.m.: Numerous audible alarms were recorded on the ship’s bridge audio. • 01:26:39 a.m.: The ship’s pilot made a general very high frequency (VHF) radio call for tugboats in the vicinity to assist the vessel. • Around 01:27:04 a.m.: The pilot ordered that the ship’s port anchor be dropped and issued additional steering commands.

Persons: Baltimore’s Francis Scott Key, Jennifer Homendy, Marcel Muise, Investigators, Homendy, “, who’ve, ” Homendy, James Wallace, Peter Gautier, Divers, Roland L, Butler Jr, Pete Buttigieg, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Butler, ”, Miguel Luna, Maynor, Andrés Manuel López Obrador, CNN’s Tori B, Powell, Sarah Engel, Elise Hammond, Curt Devine, Casey Tolan, Isabelle Chapman, Daniel Medina, Sahar Akbarzai, Melissa Alonso, Hande Atay Alam, Lucas Lilieholm Organizations: CNN, Transportation, NTSB, Port, Fort McHenry, Maryland Transportation Authority, •, US Coast Guard, Maritime, Port Authority, Baltimore City Fire, Coast Guard, Ministry of Foreign Affairs Locations: Seagirt, Port of Boston, Maryland, Singapore, Baltimore, Patapsco, Mexico, Guatemala, Camotán, Mexican

☆ Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy
▼ + stars: | 2024-03-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street's expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a "challenging" retail environment in the U.S. Analysts surveyed by LSEG expect full-year adjusted earnings of $3.24 per share. Walgreens has not provided that guidance since October, when it said it sees $141 billion to $145 billion in sales. aExcluding certain items, including the $5.8 billion non-cash charge related VillageMD, adjusted earnings per share were $1.20 for the quarter.

Persons: Manmohan Mahajan, Tim Wentworth, Mahajan, Wentworth Organizations: Walgreens, Walgreens Boots Alliance, Inc, U.S, LSEG Locations: Manhattan , New York City, U.S

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