Portrait of handsome man with closed nose because of stink smell Getty Did you read my article on Monday? You should have. Really. I’m not being egotistical saying so. I can barely even believe how quickly my warning came true. Titled “The April ‘Fool’s Gold’ REITs,” it was all about real estate investment trusts that
Month: April 2019
Road signs showing directions around central London and warnings about entering the Congestion Zone for which private motorists must pay a fee, near Marble Arch in London, Friday Sept 30, 2005. London’s Mayor Ken Livingstone on Friday confirmed that the city is expanding its congestion-charging zone for vehicles. Vehicles are charged 8 pounds (euro11.70 US$14.10)
Today is Equal Pay Day — the date into the new year that women have to work in order to earn the same amount as men did the previous year. Even as awareness of this problem has grown in recent years, progress remains frustratingly slow. For one thing, there’s the still-high number of men who
Check out the companies making headlines midday Tuesday: Lyft – Shares of Lyft are down 1.3 percent after Seaport Global Securities analyst Michael Ward raised concerns over the ride-sharing company’s valuation. Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 per share, while Lyft’s IPO was $72.
Airline stocks jumped Tuesday after Delta Air Lines said record performance and healthy demand drove the carrier to raise its earnings and revenue guidance for the first quarter. Delta’s shares jumped 4.6 percent while United and American rose 3.8 percent and 1.4 percent, respectively. Southwest Airlines, JetBlue, Spirit and Alaska Air Group were all trading
The global economy is in “a delicate moment,” said IMF’s managing director Christine Lagarde. “The growth is losing the momentum that we had hoped for pretty much across the globe. We have 70 percent of the economy that is slowing down,” Lagarde said Tuesday in an interview with CNBC’s Sara Eisen at the 13th Annual
An interview with Billionaire and Co-Founder of hedge fund and venture capital fund Coatue Management, Philippe Laffont. In this interview, Philippe discusses his career and starting his hedge fund. Philippe also talks about investing in tech stocks and gives advice on how to get a job at a hedge fund. Like if you enjoyed Subscribe
Delta and American Express are extending their exclusive partnership that includes Delta SkyMiles Credit Cards, the companies said Tuesday. The agreement, which now runs through 2029, will allow the companies to build on a partnership that has worked well for both. “Enhancing customer loyalty is at the heart of our business. Our partnership with American
Amazon will do whatever it takes to extract the market share Walmart has in the grocery business, even if it includes slashing prices at its Whole Foods stores, CNBC’s Jim Cramer said Tuesday. Cramer, the host of “Mad Money,” said his sources at Amazon indicate to him that “whatever Walmart is doing” on prices, Jeff
Despite the hefty price tag, there’s a piece of good news about retirees’ health-care costs: They aren’t rising as quickly as they were even a few years ago. A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis, released
Workers saving for retirement in 401(k) accounts and Individual Retirement Accounts (IRAs) face several risks. Among other challenges, they may pick the wrong investments such as stocks in companies that don’t invest for the long-term and thus do not generate the long-term returns that savers need for a safe retirement. Those saving for retirement after
Bank fraud is an important part of banks’ operational risk exposures. Getty As a globally systemically important bank, Deutsche Bank’s risk management capabilities should matter not only in Germany and the United States, but in any country where Deutsche Bank has legal entities. Bloomberg’s Tim O’Brien and the New York Times’ David Enrich have recently
Real estate business, residential rental and investment. Businessman handover keys, with city at night backgrounds Getty Mortgage rates just hit the “undo” button. Already this year rates have reversed almost all of the increases that they saw in 2018. This has led to an increase in buying power for home shoppers, which is proving helpful
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacement, the airline said in a statement. The Trent 1000 TEN is the latest
U.S. government debt prices were higher Tuesday, following the release of solid manufacturing data in the U.S. and China. The yield on the benchmark 10-year Treasury note fell to 2.476 percent, while the yield on the 30-year Treasury bond dipped to 2.876 percent. Bond yields move inversely to prices. Market players digested strong manufacturing data
It was the sale that shocked the world — and the housing data. Hedge fund billionaire Ken Griffin’s $238 million purchase of a condo in Manhattan single-handedly boosted the average sales price in Manhattan by more than $100,000 in the first quarter, according to an analysis. A report from Douglas Elliman and Miller Samuel showed
CNBC’s Jim Cramer said he did not expect Lyft shares to get hit so hard on Monday after their after a positive Friday debut on the stock market. The rideshare app traded as high as $88 a share in its first day, but tumbled nearly 12 percent to settle at $69.01 on Monday. With a
A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview Howard discusses how he got interested in finance and why he started Oaktree. Howard also talks about his views on the market and the role of risk in investing. ? Books by Howard Marks and his
Economic and demographic shifts are making life insurance and annuities more attractive options for fixed income, financial advisors say. “In a typical 60/40 portfolio, because bond returns are at a 50-year low, I’m seeing people moving funds from bonds to either life insurance or income annuities as a substitute,” said Tom Hegna, an insurance industry
Genworth, once the largest seller of long-term care insurance policies, has announced that it has stopped selling individual stand-alone coverage, as well as immediate annuities, through brokers and agents. Company officials say the decision is temporary, but for now it will sell only through direct-to-consumer channels or through employers or affinity groups–currently a very small