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
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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
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
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
Share to facebook Share to twitter Share to linkedin The U.S. government took control of Fannie Mae and Freddie Mac in 2008. (AP Photo/Manuel Balce Ceneta) ASSOCIATED PRESS Topline: The Trump administration on Thursday proposed a plan that would bring mortgage buyers Fannie Mae and Freddie Mac out of government conservatorship, where both have been
Photo by Eduardo Munoz Alvarez/Getty Images) There’s $700 million of student loan forgiveness up for grabs on a first-come, first-served basis. Here’s what you need to know and how to apply. Student Loan Forgiveness See if you can follow this story. The federal government offers a student loan forgiveness program. Student loan borrowers who think
Stewart Butterfield, chief executive officer of Slack Technologies Inc., walks past signage displayed outside of the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, U.S., on Thursday, June 20, 2019. Michael Nagle | Bloomberg | Getty Images The Slack work chat app has had a spate of technical
The National Football League was on the brink last year. Not of death, but of the type of loss of relevance that has humbled baseball and boxing over the past generation or so. Now as the NFL’s 100th season kicks off this week, there’s a sense of fresh energy. But if football’s going to make
If the Federal Reserve follows expectations and cuts interest rates by a quarter point later this month, it will still leave the central bank well behind where the bond market thinks it should be. A 25 basis point reduction would bring the Fed’s benchmark overnight lending rate to a range between 1.75% and 2%. Assuming
For tennis great Andy Roddick, there’s one important rule that works both on the court and in the world of investing. “Even if you’re intimidated by words like ‘volatility’ and you think the world’s going mad … be disciplined with what you put away monthly,” the one-time U.S. Open champ told CNBC’s “Fast Money: Halftime
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images When it comes to the development and regulation of cryptocurrencies, many in Washington have been producing more heat than light. By all accounts, the crypto industry and its dozens of digital asset
Living Room with Hermes-designed chandelier Joel Dantro It isn’t just the cars that should catch your eye for this home in Beverly Hills Flats. The Fendi-designed kitchen, the Hermes-designed chandelier, quartz marble driveway and elevator lined with crocodile leather are also worth mentioning. Asking $45 million, which would break all on-market records for the Flats
You’ve seen the frightening student loan statistics, such as the $1.5 trillion in outstanding debt they now represent. And if you’re a parent of a teenager or twentysomething, you’ve probably lived them. (A recent Bloomberg BusinessWeek report said some recent college grads have so much debt and are chipping away at it so slowly, some
The tarp covers the field before a baseball game between the Washington Nationals and the New York Mets at Nationals Park, Sunday, Sept. 23, 2018, in Washington. (AP Photo/Andrew Harnik) ASSOCIATED PRESS New York Times reporters Jesse Drucker and Eric Lipton wrote a well-reported piece the other day on the Tax Cuts and Jobs Act’s Opportunity Zone (OZ) provisions.
A shopper carries Target Corp. shopping bags while walking in New York. Natan Dvir | Bloomberg | Getty Images As companies scramble to deal with newly imposed tariffs on Chinese goods, Target is demanding that its suppliers absorb increased costs so consumers wouldn’t be affected. In an Aug. 27 letter to suppliers, Target said it “will
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Amid a deepening global economic outlook, the Federal Reserve is expected to cut interest rates by another quarter point when it holds its
Stewart Butterfield, co-founder and CEO of Slack, at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Slack, maker of the popular workplace chat app, will release its first earnings report as a public company after the market close on Wednesday. Here are the numbers to watch for the company’s fiscal second quarter: Earnings:
Confetti falls as Lyft CEO Logan Green (C) rings the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Mario Tama | Getty Images Lyft’s recent troubles are priced into the company’s stock and now is a good entry point, according to Deutsche Bank. The firm
If you feel like spending on your kids took a toll on your summer budget, you’re not alone. A new survey from TD Ameritrade finds that 52% of parents with children under 18 spent more than they intended to this summer. Hero Images | Getty Images The average summer debt for parents with children under