Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory. Alwyn Scott | Reuters General Electric continues to burn cash at its aviation business, as the grounding of Boeing’s top-selling 737 Max caused GE to delay production of engines for the aircraft. This year, GE has logged significant working capital
Month: October 2019
Hero Images | Getty Images As the S&P 500 reached new records this week, you might be tempted to ask: How high can the market go? You might even be thinking of paring back your equity exposure in anticipation that the 10-year bull market might finally be coming to an end. However financial experts warn:
Getty The key question you must answer before claiming Social Security benefits or developing a retirement plan is: How long will retirement last? Another way to phrase the question is: What is my life expectancy? You can start to answer this question by using the average life expectancy for your age group. You also can
Getty In Amazon.com’s fiercely competitive search for a second headquarters last year, Seattle—the company’s original home—turned out to be the true victor. The behemoth retailer’s decisions—first to split the promised 50,000-job bounty in two and then, in February, to scrap New York’s Long Island City altogether amid political backlash—left Seattle with the largest concentration of
Lebanese anti-government protesters celebrate the resignation of Prime Minister Saad Hariri in the … [+] southern city of Sidon on October 29, 2019 on the 13th day of anti-government protests. (Photo by Mahmoud ZAYYAT / AFP) (Photo by MAHMOUD ZAYYAT/AFP via Getty Images) AFP via Getty Images A tax on using WhatsApp became the final
Southeast Asian country Malaysia is looking to use a higher percentage of renewables in its energy mix in the next five years, its environment minister said on Tuesday. Yeo Bee Yin, who is Malaysia’s minister for energy, science, technology, environment and climate change, said the country is targeting to generate 20% of its electricity from
General Motors on Tuesday beat Wall Street expectations for the third quarter but lowered its guidance for the year due to the United Auto Workers’ 40-day strike against the automaker. Share prices were up 4.5% in afternoon trading. GM said the cost of the strike is expected to be $3.8 billion to $4 billion for the
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Bauzen | GC Images | Getty Images An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist
Traders work the floor of the New York Stock Exchange. Getty Images This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the
By Lucy Lazarony, Next Avenue Contributor Getty The number of people 55 and older filing bankruptcies has skyrocketed since 1991, and that’s even more true for those 65 and older. Bankruptcy can offer a fresh start if you’ve fallen on tough times and are unable to pay your bills. Once you file bankruptcy, you’re no
Housing in China. Getty In 2005, when I first began living in China, rent was incredibly low—as in, $100 per month for a two bedroom apartment near Zhejiang University in Hangzhou. This wasn’t just due to the fact that everything was cheaper back then or a lack of adjusting for inflation, but relative to the
Share to facebook Share to twitter Share to linkedin The Internal Revenue Service (IRS) is warning taxpayers about a Social Security number (SSN) scam currently making the rounds. As part of the scam, thieves may call – often as a “robocall” – and try to get you to call back by claiming that your SSN
Stan Marsh, Kyle Broflovski, Eric Cartman and Kenny McCormick attend The Paley Center for Media presents special retrospective event honoring 20 seasons of ‘South Park’ at The Paley Center for Media on September 1, 2016 in Beverly Hills, California. Tibrina Hobson | Getty Images All 23 seasons of “South Park” will be heading to HBO
Tim Cook announces iPhone 11. Source: Apple Apple’s earnings on Wednesday will provide some early insight into how the company’s new iPhones are selling as investors watch the forecast for its all-important holiday season. Apple released three iPhone 11 models on Sept. 20. Apple’s fiscal fourth quarter ended on Sept. 30, so Wednesday’s earnings report
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.
Move over, pumpkin spice latte. You’re no longer the only budget-crusher in town. Unconscious spending is the next Starbucks-like personal finance cliché, says Chris Kampitsis, a certified financial planner at the Barnum Financial Group in Elmsford, New York. “An overuse or overreliance on subscriptions, everything from Netflix to different delivery services, like monthly boxes, all
By John D. Anderson, Next Avenue Contributor Getty Your second half of life can be invigorated and energized by living out one or more of three opportunities. You can do all three at once, but will benefit most by focusing your energy on one, and enjoying the other two as additional fuel. They are: Pursue
Share to facebook Share to twitter Share to linkedin It could be a new opportunity for the struggling startup. Artur Widak/NurPhoto via Getty Images Topline: WeWork, which last week accepted a $9.5 billion bailout offer from Japanese conglomerate SoftBank Group, recently trademarked a new professional gaming arm called Play By We, according to an application
The link between taxation and human rights has always been tenuous. Whatever rights we may have as citizens — or as persons — do not necessarily transpose to our status as taxpayers. Here in the United States, the equal protection clause of the Constitution is a prime example. It was long ago decided the congressional
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