[embedded content] Federal Aviation Administration officials are set to testify in front of a Senate panel about how the agency approved the Boeing 737 Max, the plane that has been grounded worldwide since mid-March after two fatal crashes. The agency has been under increased scrutiny from lawmakers after the two deadly crashes — one in
The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images Health insurer Humana raised its 2019 profit forecast on Wednesday and posted second-quarter earnings ahead of Street estimates, as it reined in costs and recorded higher revenue from its unit that sells Medicare Advantage health plans. Shares rose 3.7% to
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric. Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson. Disclosure Trader disclosure: Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen
View of Abu Dhabi’s skyline at sunset from Dhow Harbour in the UAE. Getty Images Singapore sovereign wealth fund GIC has joined major Wall Street investors in a landmark oil pipeline partnership with Abu Dhabi’s National Oil Company (ADNOC), bringing the total investment in the project to nearly $5 billion. The move, which will see
Stock buybacks have gotten a bad name in many precincts over the past few years, decried as unproductive “financial engineering” that detracts from corporate investment in future growth. But Apple’s aggressive use of its copious cash resources to repurchase its shares at modest valuations in recent years has shown the power of buybacks for a
Philippe Huguen | AFP | Getty Images From beach bags to book bags, students are gearing up to head back to school. For parents, that means opening their wallets. A recent survey from the National Retail Federation anticipates 2019 will be a significant spending year for school and college supplies. The survey of 7,660 consumers,
Share to facebook Share to twitter Share to linkedin Photo credit: Getty Getty How far would you go to get financial aid? Here’s what you need to know. Financial Aid: College If you’ve followed the headlines this year, you’ve undoubtedly read about the largest college admissions scandal in U.S. history. You also may have read
With a population of 95, Shionohara is a hamlet nestled in the rural town of Minamiaizu in Fukushima Prefecture Jenna Wang MINAMIAIZU, JAPAN – 72-year-old Haga Ichio and his 66 year-old wife, Tomio Ichio, live in a dying village in Japan. Their humble two-story abode in Shionohara has been home to the Ichio family for
Government regulators believe that many financial advisors give bad advice about IRAs because the advisors have inherent conflicts. There has resulted in a stream of rules and regulations. The main concern of regulators is what happens to an individual’s 401(k) account after leaving a job. The regulators concluded that too many advisors recommended that the
Shares of Levi Strauss have come down to a level that is worth pulling the trigger, CNBC’s Jim Cramer said Tuesday. As of the close, the stock is down more than 23% from its $24.50 peak in mid-April. Earlier this month, the “Mad Money” host argued that the jean maker’s stock should not have climbed
Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash
A container ship moored at the Piraeus Container Terminal in Greece on June 6, 2016. Alkis Konstantinidis | Reuters While investors look for clues about the health of the global economy, a research and analytics unit under S&P Global said a “hidden” segment of debtors is flashing early signs of trouble. Those borrowers are small
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERS. New York State Division of Criminal Justice Services | Handout | Reuters Jeffrey
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images It’s among the worst fears of any bank CEO. A lone hacker managed to steal the personal information
Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll
It’s a staple of late-night television advertising. Charitable organizations asking people to send a regular monetary donation to improve a child’s life through access to education. And as noble a pursuit as that is, it has largely overlooked an entire segment of the most destitute in developing nations. An organization called Unbound realized this need
Meredith Baer, CEO of her eponymous home staging company based in Los Angeles, California Meridith Baer Home Not many women can say they started their multi-million dollar business at age 50 fresh out of a divorce, but Meredith Baer is one of those women. At 71 years old, Baer is the CEO and founder of
Credit: Getty Royalty Free Getty Are you a small business owner, a contractor or a freelancer—and in a high tax bracket? Well, why stay there? You can use retirement planning to lower your tax liability. The idea is to plug in a lot of money to retirement funds, allowing you to build your post-work future
Representatives from Apple, Google, Amazon and Microsoft joined up in Washington D.C. on Tuesday, alongside some of the largest health insurers and hospitals, to announce plans to provide consumers with easier access to their medical information. The group agreed to begin testing a set of technical specifications for sharing for a type of health data
Mastercard on Tuesday beat Wall Street estimates for quarterly profit, as a robust economy encouraged customers to spend more, boosting fee income for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 8.3% to $1.60 trillion in the second quarter. Overall consumer spending, which accounts for more