US Congress dome Getty How, you ask, can there possibly be good news on multiemployer pensions? The updated 2019 PBGC projections aren’t out yet but there’s no reason to believe the numbers are any better than last year’s “insolvency in 2025” multi-employer PBGC fund projections; likewise, the government’s form 5500 data, the source for publicly-available
Month: July 2019
Originally a church built in 1904, The Russell is Nashville’s newest boutique hotel. A percentage of each night’s stay goes to services for the homeless. The Russell Visitors to Music City have a new lodging option: The Russell is a historic East Nashville church that has been resurrected into a 23-room hotel. Named for its
U.S. President Donald Trump speaks during the Presidential Social Media Summit in the East Room at the White House in Washington, D.C., U.S., on Thursday, July 11, 2019. Photographer: Al Drago/Bloomberg © 2019 Bloomberg Finance LP U.S. president Donald Trump set the crypto-verse ablaze on July 11th when he directed a series of tweets at bitcoin,
Elon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty Images Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year. Musk talked about the project at an event in San Francisco that was streamed live — with an eye toward
Johnson & Johnson‘s profit jumped 42% in the second quarter, with all three of the sprawling health-care company’s businesses performing better than Wall Street expected. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Earnings per share: $2.58, adjusted, vs. $2.46 expected Revenue: $20.56 billion vs.
European stocks are set to start Wednesday’s session in the red, as comments from President Donald Trump reignited fears over trade. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen falling 15 points at 7,558, Germany’s DAX down 14 points at 12,411, and France’s CAC off by 10 points at 5,602, according to
Microsoft CEO Satya Narayana Nadella. Tobias Schwarz | AFP | Getty Images Microsoft, Nvidia and Salesforce are among the stocks on RBC Capital Markets’ list of “best ideas” for sustainable investing. The annual list consists of 39 global equities, all with outperform or top pick ratings, that ranked highest in environmental, social and governance related
Share to facebook Share to twitter Share to linkedin Securities and Exchange Commission Chairman Jay Clayton said today it won’t be known for five or 10 years whether his effort to allow more retail investors to put their money into early stage, high growth companies is working. “Hopefully we’re on the right path. I’m very
After achieving the longest economic expansion in the U.S. history and growing a solid 3.2% annualized rate in the first quarter of 2019, which way is the $19 trillion income-generating economy headed? Not as strong. The constant trade war rhetoric has disrupted business freedom and is showing up in the hesitancy of whether to invest
What’s the old saying? If you love something, throw it away and then reintroduce in another tax year? Or something like that? Just as the form 1040 appears to be making a return to a more pre-TCJA-like format, we have another repackaged (sort of) tax form: form 1040-SR, U.S. Tax Return for Seniors. You may
Domino’s Pizza is sticking by its long-term plans even as third party delivery companies such as GrubHub, Uber Eats and DoorDash present short term pressures, CEO Ritch Allison told CNBC following the company’s Tuesday earnings call. Delivery apps that make it convenient for customers to order food from a plethora of restaurants are “creating some
Pedestrians pass in front of a Wells Fargo bank branch in New York. Eric Thayer | Bloomberg | Getty Images Wells Fargo is scheduled to report second-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: $1.15 per share Revenue: $20.93 billion Much of Wall Street remained in wait-and-see mode ahead
A man enters the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: United Airlines ticked up in after-hours trading after the company’s second-quarter earnings surpassed Wall Street’s expectations and showed profit up more than 50% from a year
A woman walks past JP Morgan Chase’s corporate headquarters in New York. Getty Images A few of the largest U.S. banks on Tuesday warned investors of the effect multiple interest rate cuts by the Federal Reserve could have on their bottom lines throughout the rest of 2019. J.P. Morgan, Wells Fargo and Goldman Sachs all
Former Vice President Joe Biden takes the stage for the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. Drew Angerer | Getty Images If you missed out on a deduction for state and local taxes on your 2018 return, you’re not alone: Former vice president Joe Biden and
Report cover: Viability of the Spend Safely in Retirement Study Stanford Center on Longevity Worried about making your retirement savings last the rest of your life? Don’t know how much you can spend on living expenses throughout your retirement? Concerned about stock market crashes that could derail your retirement in future years? If so, you’re
Ridgway, Colorado, Cowboys on Cattle Drive Gather Angus Hereford cross cows and calves of Double Shoe Cattle Company, Centennial Ranch, San Juan Mountains. (Photo by: Visions of America/Universal Images Group via Getty Images) Universal Images Group via Getty Images A Wall Street Journal editorial of July 10th lays out what the House Democrats’ most recent
Capitol Building with dramatic sunrise sky, Washington DC Getty The SECURE Act (Setting Every Community Up For Retirement Enhancement, H.R. 1994) is still working through the Senate after passing the House in May. It proposes a number of changes to retirement savings including changes to various nuts and bolts of IRAs and 401(k)s. It is not yet law. Nonetheless, it seems pretty likely
Bars of original KitKat chocolate, produced by Nestle SA. Jason Adlen | Bloomberg | Getty Images For chocolate lovers around the world, a new invention by Nestle cuts out added sugar so that customers can enjoy its 70% dark chocolate with less guilt. The Swiss multinational company’s new “Cacao Fruit Chocolate” will be made wholly
The Domino’s Pizza company logo is displayed on the jacket of delivery driver in London, U.K., on February 27, 2017. Jason Alden | Bloomberg | Getty Images Domino’s stock fell Tuesday after the company reported weaker same-store sales growth as it expands its store base and grapples with the threat of third-party delivery. Shares of
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