The first production Ford Transit commercial van waits on the assembly line to be unveiled at the Ford Kansas City Assembly Plant April 30, 2014, in Claycomo, Missouri. Getty Images Ford announced Tuesday that it’s recalling approximately 300,000 North American vehicles over safety concerns. The company says a problem with the vehicles’ driveshaft could result in
Month: October 2019
UAW members on strike outside a GM plant in Flint Michigan on Sept. 16th, 2019. Michael Wayland | CNBC DETROIT – A 40-day strike by the United Auto Workers union against General Motors cost the automaker about $3.8 billion for the year, significantly higher than previously estimated by Wall Street. After accounting for interest and taxes,
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. consumer confidence dipped slightly in October as worries over business conditions and employment prospects ticked up, according to data from The Conference Board released Tuesday. The Conference Board’s consumer confidence index slipped to 125.9 this
Sergei Konkov | TASS | Getty Images As Alphabet shares fell after the Google-parent missed Wall Street’s third-quarter earnings expectations, one analyst proposed a solution: Divest YouTube, one of the tech giant’s most valuable assets. “We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,”
kupicoo | E+ | Getty Images The aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients’ sake, as well as their own. With the average age of financial advisors somewhere in
If Valentine’s Day is a Hallmark holiday, Halloween was made for Instagram. When it comes to spending, nearly half, or 48%, of millennials said they purchased items strictly for the social media posts, compared to less than a third of those in Generation X, according to a new report from CompareCards by LendingTree. About 4
Spending vs. saving during retirement stock.adobe.com During the years leading up to retirement, individuals are constantly told to save, save, save and then to save some more. Once they reach retirement, it becomes very difficult for many to flip the switch from saving to spending. I have been helping clients for over 30 years with
Share to facebook Share to twitter Share to linkedin Natural plaster walls add to the beauty of this southwestern style home in Santa Fe, New Mexico. Photo courtesy of American Clay. More and more people are seeking natural and healthy ways to build a home. So it is, that the popularity of natural plaster walls
Economic Security Planning, Inc. Today’s column addresses potential drawbacks to taking early retirement benefits before switching to spousal, claiming retroactive benefits after 70, finding out if an ex is drawing on a worker’s record, retroactive child-in-care spousal benefits and whether a settlement is taxed by SSA.Larry Kotlikoff is a Professor of Economics at Boston University
David Benioff and D. B. Weiss attend the “Game Of Thrones” season 8 premiere on April 3, 2019 in New York City. (Photo by Mike Coppola/FilmMagic) Mike Coppola | FilmMagic | Getty Images David Benioff and D.B. Weiss, the first-time showrunners who brought “Game of Thrones” to life on HBO have reportedly walked away from
A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance‘s fiscal fourth-quarter profit slid 55% as the company spent more to shutter unprofitable locations and scaled back its tobacco sales. Still, the drop in its
Employees walk in Luziajui business district of Shanghai, China. Lucas Schifres | Getty Images BEIJING — The Chinese government’s latest efforts to make it easier for foreign businesses to operate locally come as China’s own companies seek to be global players. China pushed ahead this month with long-awaited announcements for removing foreign ownership limits in
Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Ride-hailing giant Uber is making a deeper push into financial services. The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will
I run across “buy and hope” investors all the time. You know the type: they latch on to a big-name stock, like Visa (V) or Berkshire Hathaway (BRK) and “hope” for big price gains. Truth is, that’s their only option. With most big-cap stocks paying less than 2%, they’re sure not getting much in dividends!
Oct. 20 Tornado destruction Andy Luten We lived through what we now know is the most costly tornado in Texas history: more than two billion in damages, according to the Insurance Council of Texas. More than 30,000 auto and residential claims have been filed to date, and ICT tells me claim costs could be higher
Year-End is a great time for Tax-Loss Harvesting. Getty The goal of tax-loss harvesting to lower your overall taxes. With proactive tax planning, you may be able to lower your taxable income by selling off losing investments. Similarly, you can offset some long term gains by selling investments that may have lost money over the long term. In
Albemarle: “They’re in the penalty box.” Iron Mountain: “Iron Mountain’s good.” Realogy Holdings: “Full disclosure: my wife works for them. I think that it’s O.K. I do worry about the housing market. I think the housing market is just, for what they do, just O.K., not good enough. I’m going to say it’s a cheap
Randall Stephenson, CEO of AT&T, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC. on Dec. 6th, 2018. Janhvi Bhojwani | CNBC AT&T said on Monday it would consider adding two new board members and selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor
Beyond Meat plant-based burger patties. Source: Beyond Meat Check out the companies making headlines after the bell: Shares of Beyond Meat tanked as much as 15% after the bell despite the company’s raised revenue guidance and third-quarter earnings that topped expectations. The alternative plant-based meat company raised its revenue guidance from at least $240 million
Virgin Galactic‘s leadership expects millions of space tourists will want to fly in the next decade, more demand than can be fulfilled by both Richard Branson’s company or Jeff Bezos’ Blue Origin, its closest competitor. “Ultimately we think this is going to be a capacity constrained market – more people are going to want to
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