An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters More than 300 Boeing 737 jets, including the Max, may have wing parts could have been improperly manufactured and may not meet regulatory requirements for strength and durability,
Long-time market bull Phil Orlando just cut his exposure to stocks. The Federated Investors chief equity market strategist cites President Donald Trump’s new threat to impose 5% tariffs on Mexico imports for the decision. “In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we
The economic relationship between the United States and China needs to change, Tony Ressler, a billionaire veteran of Wall Street, said Friday. “The Trump administration is making some very important points about how we do business with China,” said Ressler, co-founder of private equity giants Apollo Global Management and Ares Management. President Donald Trump, through
A bill aimed at boosting retirement savings could also grant some tax relief to college students. Last week, the House of Representatives passed the Secure Act with support from both Republicans and Democrats. The proposed legislation, which will go before the Senate, includes a range of provisions to help workers boost their retirement savings. Major
Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP The Friday decline took the NASDAQ 100 to the 38.2% retracement level of the prior rally. The S&P 500 is 30 points from its equivalent level. Friday was a projected turning point, and the coming
I lost power in my condo yesterday in an intense rainstorm and I wondered if my phone and computer were charged enough, and if I’d have to be in the dark all night, reading by candlelight. It was a good reminder to be grateful for the electricity we in developed countries take for granted every
Attainable housing aims to make homes affordable at lower income levels. Adobe Stock As home prices rise across the country, middle-class Americans and first-time home buyers often struggle to find housing within their budgets. And many would-be buyers are simply not eligible for subsidized affordable housing. A new report, Attainable Housing: Challenges, Perceptions and Solutions, by
Christopher Ahlberg, CEO of Recorded Future Recorded Future On Thursday, Recorded Future — a threat intelligence company little known outside cybersecurity circles — announced its sale to venture firm Insight Partners for $780 million. The deal bought out high-profile investors in the company, including Alphabet‘s GV (formerly Google Ventures), the CIA’s In-Q-Tel and Reed Elsevier,
Wall Street bull Jeffrey Saut predicts the market will stabilize by mid-June despite growing trade tensions with China and Mexico. But first, he expects investors will have to get through a cruel couple of weeks. “Our models… are saying we ought to be chop around and flop around until mid-June,” the Capital Wealth Planning chief
U.S. President Donald Trump answers questions on the comments of special counsel Robert Mueller while departing the White House May 30, 2019 in Washington, DC. Win McNamee | Getty Images Tariffs that the U.S. is threatening to impose against Mexican goods could have steep costs, both economically and politically, while also impacting important policy decisions.
One in 4 adults will become disabled at some point before reaching retirement age, according to the Social Security Administration. Yet few people prepare for the possibility that any one ailment could cause them to miss work for an extended period of time. A total of 20.1 million adults of employment age report a work
An interview with billionaires Warren Buffett, Charlie Munger and Bill Gates. In this interview, Warren discusses his acquisition strategy and how to negotiate, including how gains and falls in the wider economy plays into his strategy. The gentlemen also talk about current investments and ones they have missed, including the impact of trade tariffs on
A truck transports new cars at the Port of Veracruz, Mexico. Susana Gonzalez | Bloomberg | Getty Images Honda’s head of American operations, Henio Arcangeli, worries that President Donald Trump’s latest proposal to slap a 5% tariff on auto imports from Mexico will price some Americans out of cars just when auto prices are near
Corona beer, owned by Constellation Brands. Getty Images Check out the companies making headlines midday Friday: Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 6% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell
Arriving in my downtown Boston office one day last month, after an early spin class, I read a surprising article about my gym. Equinox, the operator of nice (okay, high-end) health clubs, is branching out of its expertise, opening its first branded hotel and investing in a real estate project that will include co-workspace and
Starting Friday, New York City commuters in a hurry will get a break as the U.S. takes a big step toward embracing contactless payments. On May 31, some New York City subways and buses will enable riders to tap a contactless bank card or their mobile wallet at some turnstiles to pay fares, according to
Image credit: Getty Getty An intriguing bronze-shrawarma-Tower-Eifel- thingy is sitting on top of the active West Side train yards in Manhattan. The platform has internal air-conditioning to keep the pansy and other plant roots from frying from the hot trains coming in and out of New York from Long Island. Hudson Yards also sports a snazzy
Getty Last year, after pushback from taxpayers and tax professionals, the Internal Revenue Service (IRS) promised to revisit form W-4, Employee’s Withholding Allowance Certificate. The IRS issued a statement confirming that “the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.”
The New York City brokerage Citi Habitats has 800 agents moving 10,000 properties per year. Getty Thanks to the internet, it’s easier than ever for potential renters and buyers to search for and secure properties without the help of real estate brokerages. Websites like RentHop and StreetEasy provide lists of broker-free listings, allowing them to
A Huawei Technologies Co. mobile phone, which runs on the Android operating system. Chris Ratcliffe | Bloomberg | Getty Images Samsung and Apple could benefit in the smartphone market after the United States put Huawei on a blacklist that effectively bans U.S. firms from doing business with it, TF International Securities analyst Ming-Chi Kuo wrote