Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 2% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past
Month: September 2019
Federal Reserve Chairman Jerome Powell said Friday that the ongoing trade war between China and the U.S. is weighing down companies’ investment decisions. “I think it is the case that uncertainty around trade policy is causing some companies to hold back now on investment,” Powell said in Switzerland. ”We’ve been hearing quite a bit about uncertainty. So
Jill Fromer | E+ | Getty Images While you might feel numb to data breaches due to their increasing frequency, experts say you shouldn’t be indifferent to the possibility of one actually causing you harm. Two years after the announcement of the massive Equifax breach — a cyberattack that compromised the personal information of about
For years, many workers nearing retirement have professed plans to work part-time during retirement. But few retirees have actually continued working part-time. Things are changing. A recent survey of pre-retirees and retirees shows that the gap between planning to work in retirement and doing so has narrowed. I have to confess I was a little
Share to facebook Share to twitter Share to linkedin Kim Kardashian and Kanye West at the 2019 Met Gala. AFP/Getty Images Topline: Kanye West added a sprawling, 9,000-acre ranch located outside Cody, Wyoming to the collection of homes he has with his wife Kim Kardashian, who had said she wanted to move their family there.
Just because somebody believes things that I find preposterous and even harmful, doesn’t stop me from liking them. That’s the situation with me and Peter Hendrickson, author of Cracking The Code. The view that I find both preposterous and harmful is that the Internal Revenue Code is very narrow in its application and that the IRS
MESA, Ariz. — As America’s population ages and demand outpaces supply, a physician shortage is intensifying. Projections from the Association of American Medical Colleges say the U.S. will see a shortage of 46,900 to 121,900 physicians by 2032 in primary and specialty care. The aging of America’s population is slicing the health-care industry in multiple
Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their high valuations. Zoom Video Communications dropped 2% in extended trade, even after the videoconferencing provider’s quarterly results and full-year outlook beat analysts’ expectations. Cybersecurity company Crowdstrike tumbled 8.7% after it
In this photo illustration, packages of Beyond Meat “The Beyond Burger” sit on a table, June 13, 2019 in the Brooklyn borough of New York City. Drew Angerer | Getty Images Investors have overestimated the potential size of the the planet-based meat industry, which could end up smaller than the plant-based milk industry, according to
As U.S. colleges and universities brace for a drop in high-paying Chinese students this fall, one university has discovered a potential hedge: insurance. The University of Illinois’s Gies College of Business and its Grainer College of Engineering took out an insurance policy two years ago to protect the schools from a possible drop in revenue
Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Here are the biggest calls on Wall Street on Friday: D.A. Davidson initiating Beyond Meat as ‘underperform’ D.A. Davidson said its view does not reflect a negative view of
Just under a quarter of Americans are “very confident” they’ll have enough money to retire comfortably. And many expect to delay retirement at least until age 65, according to recent studies. So what’s a person who’s ready to call it quits at the office to do? Relocating to more affordable climes is one option. Personal
Seattle, USA – January 27, 2015: The door of a fire truck sitting in front of the Sears Tower on West Jackson street responding to a call late in the day. Getty Yes, I am certainly just one of many who get on their respective soapboxes about Chicago pensions (as I have been) and say,
Fans cheer as the Michigan team takes the field at Michigan Stadium for an NCAA college football game against Wisconsin in Ann Arbor, Mich., Saturday, Oct. 13, 2018. (AP Photo/Tony Ding) ASSOCIATED PRESS When it comes to college football, there’s no price too high for fan loyalty. Last year, fans in the SEC conference reportedly
i Getty How often have you heard a value equity manager say his sector is overdone? Or have you ever heard a growth manager shout from the rooftops that growth stocks are overvalued? Probably not. Well, as a bond manager I will break the rules and tell you municipal bonds issued by high tax states
American Airlines Boeing 737-800 plane seen in Caracas Simón Bolívar International Airport, Venezuela. Nicolas Economou | NurPhoto | Getty Images An American Airlines mechanic has been arrested and charged with sabotaging an aircraft’s navigation system before a flight in July, forcing crew to abort takeoff from Miami, according to an affidavit filed in federal court
A display for facial recognition and artificial intelligence is seen on monitors at Huawei’s Bantian campus on April 26, 2019 in Shenzhen, China. Kevin Frayer | Getty Images China’s seemingly unfettered push into facial recognition is getting some high-level pushback. Face-swapping app Zao went viral last weekend, but it subsequently triggered a backlash from media
David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images David Solomon is cleaning house atop Goldman Sachs. At least a dozen partners are in negotiations to leave the firm in
Even after a significant infusion of cash, the Public Service Loan Forgiveness program is doing little in the way of forgiveness. Just 661 out of about 54,000 applicants, or roughly 1%, of loans have been discharged under the expanded program, a government report has found. “It’s not surprising,” said student loan expert Mark Kantrowitz. “The
Trump’s Trade War Is Hurting Manufacturing Getty President Trump’s trade war is taking a toll on the economy. Manufacturing is already feeling much of the fallout due to the higher costs, fewer overseas market and greater economic uncertainty. Yet manufacturing jobs aren’t distributed evenly across the country. Not surprisingly, employment growth has slowed more in
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