Rivian CEO RJ Scaringe could personally earn up to $4.6 billion over the next decade if the electric automaker hits specific profit and share price targets laid out in a new compensation package recently approved by his company’s board of directors. The potential payout, which is earning comparisons to Elon Musk’s Tesla pay plan, likely…
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in…
Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters Two months ago, Oracle’s stock had its best day since 1992, soaring 36% to a record after the company blew away investors with its forecast for cloud infrastructure…
Boosting your retirement savings isn’t just a good way to save for your future — it can also lower your monthly student loan bill, if you’re a federal borrower on an income-driven repayment plan. For borrowers on the income-based and pay as you earn repayment plans, monthly payments are calculated as a percentage of discretionary…
fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type…
Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually….
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Cursor built a popular AI coding tool that helps software developers generate, edit and…
FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. Benoit Tessier | Reuters Roughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s…
Maskot | Digitalvision | Getty Images The IRS has announced new 401(k) contribution limits for 2026. In its release Thursday, the agency increased the employee deferral limit to $24,500 next year, up from $23,500 in 2025. The change applies to 401(k)s, 403(b)s and most 457 plans, along with the federal Thrift Savings Plan. The IRS also unveiled…
Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg. Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box”…
