A container ship moored at the Piraeus Container Terminal in Greece on June 6, 2016. Alkis Konstantinidis | Reuters While investors look for clues about the health of the global economy, a research and analytics unit under S&P Global said a “hidden” segment of debtors is flashing early signs of trouble. Those borrowers are small
Month: July 2019
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERS. New York State Division of Criminal Justice Services | Handout | Reuters Jeffrey
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images It’s among the worst fears of any bank CEO. A lone hacker managed to steal the personal information
Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll
It’s a staple of late-night television advertising. Charitable organizations asking people to send a regular monetary donation to improve a child’s life through access to education. And as noble a pursuit as that is, it has largely overlooked an entire segment of the most destitute in developing nations. An organization called Unbound realized this need
Meredith Baer, CEO of her eponymous home staging company based in Los Angeles, California Meridith Baer Home Not many women can say they started their multi-million dollar business at age 50 fresh out of a divorce, but Meredith Baer is one of those women. At 71 years old, Baer is the CEO and founder of
Credit: Getty Royalty Free Getty Are you a small business owner, a contractor or a freelancer—and in a high tax bracket? Well, why stay there? You can use retirement planning to lower your tax liability. The idea is to plug in a lot of money to retirement funds, allowing you to build your post-work future
Representatives from Apple, Google, Amazon and Microsoft joined up in Washington D.C. on Tuesday, alongside some of the largest health insurers and hospitals, to announce plans to provide consumers with easier access to their medical information. The group agreed to begin testing a set of technical specifications for sharing for a type of health data
Mastercard on Tuesday beat Wall Street estimates for quarterly profit, as a robust economy encouraged customers to spend more, boosting fee income for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 8.3% to $1.60 trillion in the second quarter. Overall consumer spending, which accounts for more
The Fed is about to take the unusual step of cutting interest rates to save an economic expansion, not an economy that seems set to be headed into a downward spiral. The Federal Open Market Committee, at the end of its two-day meeting Wednesday, is widely expected to announce a quarter point rate cut, its
Charges against Jeffery Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith | Getty Images News | Getty Images A day before accused child trafficker Jeffrey Epstein
Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at
Ariel Skelley | DigitalVision | Getty Images The CFP Board of Standards, the group overseeing the Certified Financial Planner credential, will overhaul its practices, making it easier for investors to spot financial advisors with a questionable past. In a Tuesday afternoon phone call, the group announced it would establish an independent task force to review
Will interest rates really get the chop everyone thinks they will as 2019 rolls into the home stretch? The smart money certainly thinks it knows. Beyond tomorrow’s rate cut (which the pros see as all but in the can), futures traders predict two more chops—in September and December. But here’s something no one will tell
Minted x Samsung Lyrical by Sarah McInroe Minted In recent years, television technology has rapidly improved. Screens are clearer and larger. Colors are truer and brighter. Units are thinner and designed to be to less obtrusive. But no matter which make and model you choose, whether it is sitting on top of an entertainment center
Trump’s trade wars are hurting the economy. Getty “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” Sun Tzu ‘The Art of War (Sunzi Bingfa)’ Sun Tzu Harvard Business Review Last year I wrote several pieces about the potentially negative effect of Trump’s trade wars on companies,
President Donald Trump speaks to the media before departing the White House en route West Virginia in Washington, July 24, 2019. Mary F. Calvert | Reuters President Donald Trump is working on a proposal that would allow the United States to import drugs from Canada, Health and Human Services Secretary Alex Azar told CNBC on
Apple has had a strong 2019 so far, with the stock up more than 45% since the company hit a low after it announced a revenue shortfall on January 2. The iPhone maker continues to mint money, too, and has guided that it will book at least $52 billion in revenue when it reports earnings
A woman holds her Green Dot prepaid debit card in Monrovia, Calif. Damian Dovarganes | AP Branchless bank Green Dot is launching the highest yielding bank account in the industry. The Pasadena, California-based bank, which gained traction with prepaid cards in the dot-com era, launched a new bank account Tuesday with 3% annual interest on
Sir Richard Branson is honored with star on the Hollywood Walk of Fame on October 16, 2018 in Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Fulfilment does not come from material possessions, billionaire Richard Branson said in a new blogpost, claiming he “never set out to make money.” “I truly believe that ‘stuff’ really
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