Amazon Web Services at the 2019 CERAWeek in Houston, TX. Mary Catherine Wellons | CNBC Amazon‘s stock could be worth $2,500 a share in one year, Cowen said, valuing its Amazon Web Services business at a whopping $505 billion. Cowen raised its 12-month price target for Amazon to $2,500 from $2,400, which would translate into
Month: May 2019
Climate change could dramatically alter the value of real estate investments. And that goes for real estate investment trusts, companies that own income-producing real estate, if they do not shift their investment strategies to address growing risks, industry experts say. A 2018 report found that 35% of REIT properties have geographic exposure to climate hazards,
Parents, of course, worry about paying for college. Increasingly, their children share that concern. Over the last decade, tuition and fees jumped 44% at four-year, private colleges and by 55% at public four-year schools. As a result, student debt has reached record proportions, with $1.6 trillion in loans outstanding. Now, high school students are more
Diets come in about as many shapes and sizes as the people who try them. And in the words of perhaps one of the most famous dieters of all time: “If there were a shortcut to having a healthy body, I’m sure I’d have the secret by now,” Oprah wrote that in her blog, “What
Captive Insurance jda Stewart’s Shops runs convenience stores in New York and Vermont, and is subject to New York corporation franchise taxes. For the tax years 2006-2009, Stewart Shops made payments to its wholly-owned captive insurance company, called Black Ridge Insurance Company (hereinafter “BRIC”), and took a deduction for those premium payments. The New York
IKEA’s new Manhattan Planning Studio Andria Cheng When home-furnishings giant IKEA in April opened its first smaller U.S. city-center format, dubbed Planning Studio, in Manhattan’s Upper East Side, the Swedish chain said that’s one telling example of how it’s reaching customers in “new ways that are more accessible and more personalized.” Accessible it is for Karima Rustin,
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD shares jumped 10% on Tuesday after announcements about upcoming chips led analysts to predict the company will pick up market share from rival Intel. On Sunday, at the Computex Industry show in Taipei, AMD talked about several new third-generation Ryzen PC chips coming in July that will
Rare-earth mine in Bayan Obo, China. This mine is one the largest deposits of rare earth metals found in the world. Speculation that China could use its dominance in rare earth minerals as a weapon in the trade war intensified after a Chinese official warned that products made from the materials should not be used
Paul Tudor Jones Leanne Miller | CNBC Hedge fund manager and legendary trader Paul Tudor Jones has joined Bill Gates and Warren Buffett’s pledge to give more than half of his wealth away to charity. Tudor Jones is among 19 philanthropists who have signed the Giving Pledge in the last year, a commitment created by
Traders and financial professionals work during the opening bell on the floor of the New York Stock Exchange (NYSE), May 14, 2019 in New York City. Drew Angerer | Getty Images The latest bout of trade-war jitters sparked a rally in Treasurys as investors fled to safe havens from risky assets, pushing the yield on
The Bronx Tavern stands in the Port Morris neighborhood of the Bronx borough of New York, one of the 8,700 low-income census tracts. The goal is to reinvigorate these areas. Bloomberg | Getty Images Advisors could soon offer clients access to opportunity zone funds, a hot new investment. However, they need to make sure they
Connecticut’s governor on Tuesday signed a bill into law that will increase the state’s minimum wage to $15 an hour by 2023. The state thus joins a growing list of jurisdictions where the amount is higher than the federal government’s minimum of $7.25. Here’s a map showing the current minimum wage in each state, as
I spent Memorial Day with my savvy friend who keeps up on politics and economics. I also had dinner with another scholar. Both were shocked to hear that if Social Security doesn’t get extra revenues, the promised benefits we all expect to get will be cut by 25%. Those cuts will be even deeper for
The fledgling U.S. cannabis market is a bit of a free-for-all. Well, maybe free isn’t the right word, given the cultivation taxes, excise taxes, income taxes, payroll taxes, and sales taxes that growers, retailers and consumers are contending with. A grow employee at Compassionate Care Foundation’s medical marijuana dispensary, trims leaves off marijuana plants in
This SoHo apartment sacrifices a view for 700 square feet of space. Warburg Realty Space can be incredibly difficult to come by when hunting for an apartment in New York City. Going by the general rule of spending no more than 30 percent of income on rent, that means living in less than 300 square
U.S. President Donald Trump, left, speaks as Shinzo Abe, Japan’s prime minister, during a dinner at the Inakaya restaurant in the Roppongi district on May 26, 2019 in Tokyo, Japan. Kiyoshi Ota | Getty Images News U.S. President Donald Trump concluded his four-day visit to Japan on Tuesday amid uncertainty about whether a trade deal
Stripe co-founder and CEO Patrick Collison delivers his keynote conference during day three of the Mobile World Congress in Barcelona on February 24, 2016. Manuel Blondeau | AOP.Press | Corbis | Getty Images Technology firms from Silicon Valley’s Stripe to U.K.-based GoCardless are all trying to grab a slice of the same $1.9 trillion industry.
Someone relaxing in a Persian Gulf café by smoking a shisha pipe may not realise it, but the burning coals carefully placed on top of the hookah to heat the tobacco are not just fuelling their pleasure; they are also helping to fund a campaign of violence in one of the world’s poorest countries. Globally,
San Francisco’s Rincon Hill neighborhood tops the list Getty Apartmentguide.com recently crunched the numbers in the “25 most populated cities” to scope out the most expensive neighborhoods. Brian Carberry, managing director of apartmentguide.com, provides some insights on how the list was compiled. “What we did to find our cities is first looked at U.S. census
Alicia Levine believes Wall Street is making a big mistake. The chief strategist at BNY Mellon contends it’s still not accurately pricing in the growing possibility that U.S.-China trade talks will ultimately fail. “The market got the wake-up call on May 5, and it hit the snooze button — expecting this to go away with
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