A pair of 1972 Nike running shoes became the most expensive sneakers ever sold at auction, fetching $475,500 at Sotheby’s. The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby’s and sneaker marketplace Stadium Goods. While
A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images The U.S.-China trade war is badly hurting iRobot, the company that makes the Roomba robot vacuum cleaner. Shares of iRobot plummeted more than 13% in after-hours trading Tuesday after the company’s top executive said tariffs
Elizabeth Warren speaks at her campaign for the Democratic nomination for the 2020 United States presidential election Jeremy Hogan | LightRocket | Getty Images Sen. Elizabeth Warren, D-Mass., introduced a bill Tuesday that would forgive student loans for tens of millions of Americans. Three-quarters of borrowers would have their balances reset to zero. Warren, who is
© 2019 Bloomberg Finance LP China’s corporations are rising in the global economy, matching the US. According to this year’s list of Fortune Global 500 Companies, 119 companies made it the list, roughly on par with the US, which had 121 companies in the list; three companies made to the top ten, beating the US and
A property listed by TurnKey Vacation Rentals TurnKey Vacation Rentals TurnKey Vacation Rentals announced Tuesday that it had secured $48 million in new funding, bringing the company’s total raised to $100 million since its inception in 2013. The Austin-based company, which specializes in property management technology and luxury vacation rentals, obtained its largest funding round
I don’t think I’m breaking any news when I say that you’ve always been a disappointment to your Dad. It all started when he proudly showed up to your fifth grade field day — so full of hope and pride — only to watch you jog a quarter-mile, vomit all over your shoes, and spend
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath and Beyond announced on Tuesday that as part of its efforts to reduce costs, it will cut its corporate staff by 7% and eliminate
A JetBlue Airways Corp. Airbus A321 plane sits at a gate outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York, U.S., on Wednesday, July 12, 2017. Jetblue Airways Corp. is scheduled to release earnings figures on July 25. Photographer: Mark Kauzlarich/Bloomberg via Getty Images Mark Kauzlarich | Bloomberg | Getty
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images A multi-million-dollar case involving stolen cryptocurrency filed against AT&T is moving forward. A federal judge in Los Angeles, California rejected the telecommunications giant’s request to dismiss a suit filed by Michael Terpin last year for enabling
Source: Betterment Online wealth advisor Betterment is launching checking and savings accounts. Founder and CEO Jon Stein said having the highest rate is part of a strategy to usher in new customers, and a more obvious way to compare value between banks and other fintech checking account offerings. “It’s really hard for banks to follow
Few purchases deliver a dose of sticker shock like the cost of college. Yet many families rarely pay the full amount. Tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year, in-state public colleges, it was $10,230, according to the College Board. And that’s not even adding in room and board
Sen. Elizabeth Warren (D-MA) is a 2020 presidential candidate. (Photo by Justin Sullivan/Getty Images) When it comes to cancelling your student loans, Elizabeth Warren has a plan for that. Here’s what you need to know. Elizabeth Warren: Let’s Cancel Student Loan Debt Sen. Warren (D-MA), a 2020 presidential candidate, introduced legislation today – the Student
I’ve done everything from painting walls and rearranging furniture to taking out the garbage if a seller forgot. I’d do just about anything if I thought it would help sell a property. All of these things matter, but I’ve learned that there’s one extra thing you can do to make your listing stand out, create
ASSOCIATED PRESS Whether the Tax Cuts and Jobs Act (TCJA) disproportionately helped the rich may be 2020’s biggest political issue. Treasury Secretary Steve Mnuchin claims that it benefited most Americans. Senator Bernie Sanders (I-Vt.) calls it a massive giveaway to the rich. Who’s right? Unfortunately, no one can tell from the TCJA studies done to
Facing the prospect of millions, or even billions, of dollars in potential liabilities tied to the nation’s opioid epidemic, one drugmaker has a nimble plan: spin those liabilities into a separate company. Mallinckrodt Pharmaceuticals, the U.K.-based drugmaker best known for selling a $1 billion-a-year medicine called H.P. Acthar Gel, told investors in December it planned
President Donald Trump and the Prime Minister of the Islamic Republic of Pakistan, Imran Khan, speak to the media in the Oval Office at the White House on July 22, 2019 in Washington, DC. Mark Wilson | Getty Images Pakistani Prime Minister Imran Khan’s three-day visit to the U.S. is not likely going to do
Traders working on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week. That is because the market’s so-called depth has become so
Young woman using laptop in a loft apartment Xsandra | E+ | Getty Images It doesn’t necessarily take a bachelor’s degree to land a well-paying, full-time, remote job. In fact, more companies are looking at qualifications beyond a formal education, thanks to the fierce competition for talent brought on by the 3.7% unemployment rate and
The Social Security 2019 Trustees Report projects that the Social Security trust fund will be depleted by 2035. That report triggered “The sky is falling” recommendations from numerous sources that you start Social Security as early as you can, before the fund is exhausted completely. But that would be a bad bet. Setting the record straight
Blue World Voyages offering 40 luxury residences for sale Blue World Voyages Blue World Voyages, billing itself as the “world’s first sports, fitness and wellness-focused” cruise line recently joined forces with Compass Florida, the luxury brokerage firm to market 40 luxury residences on its 720-foot inaugural ship. Each cruise on this custom redesigned ship can accommodate