Travelers wait in line at O’Hare airport in Chicago, Illinois. Scott Olson | Getty Images Taking a plane to your summer getaway? Prepare for even more crowded airports. U.S. airlines will fly a record 257.4 million passengers between June 1 and the end of August, a 3.4% increase from the previous year, Airlines for America
Federal Reserve Chairman Jerome Powell said rising levels of corporate debt need watching but so far do not pose a threat to the financial system. The central bank chief spoke Monday at the Financial Markets Conference in Amelia Island, Florida, on assessing risks to the financial system a decade after the end of the financial
Boeing Co. 737 Max planes are seen at the company’s manufacturing facility in Renton, Washington, U.S., on Tuesday, Mar. 12, 2019. David Ryder | Bloomberg | Getty Images Jefferies expects Boeing to launch a new plane later than its analysts anticipated as the company grapples with an ongoing crisis related to its 737 Max plane.
Hero Images | Getty Images When it comes to putting a ring on it, younger generations are saying yes, but for less money. Two-thirds of younger Americans — Generation Z and young millennials — think an engagement ring should cost less than $2,500, according to a new survey from TD Ameritrade. That is about half
Getty Getty The Internal Revenue Service audited only 0.59% of individual income tax returns last year, the lowest audit rate since 2002, according to the IRS 2018 Data Book released today. A closer look shows that it’s the highest earners whose audit rate has dropped the most. For the highest income taxpayers—returns showing adjusted gross
The $75 billion Oregon Public Employees Retirement System (OPERS) appears to be another case of gross malpractice generally practiced. Getty This morning I participated in an hour-long discussion on Oregon Public Radio focusing on what broke the Oregon state pension and what might fix it. At first glance, the $75 billion Oregon Public Employees Retirement
Is Instagram real estate’s biggest influencer? Melissa Vale Social media platforms, especially Instagram, are changing the way people buy everything from fashion to furniture, and now the same can be said for real estate. While buyers used to visit the MLS or sites like Trulia, use apps such as Redfin, or simply search an individual
John Legere, chief executive officer and president of T-Mobile US Inc., left, gives two thumbs-up as Marcelo Claure, chief executive officer of Sprint Corp., listens during an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 30, 2018. Michael Nagle | Bloomberg | Getty Images Sprint
Source: Lumentum Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies , following export restrictions put in place by the United States Department of Commerce. The company, which is seen as a major supplier of Apple’s Face ID technology, said it cannot
AlexRaths | Getty Images Start-ups’ fears of being strong-armed to focus on short-term profits is one reason some are opting to stay private. But those fears may be overblown, if the historical performance of money-losing biotechs is any indication. Much like consumer tech companies going public in 2019 — biotech companies rarely make money going
A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. Thom Baur | Reuters SpaceX has hurtled to the top of the launch industry over the past decade, last year bringing in more revenue than any other rocket company, according
A tribute to Jack Bogle, founder and retired CEO of The Vanguard Group, is displayed on the bell balcony over the trading floor of the New York Stock Exchange in New York, January 17, 2019. Brendan McDermid | Reuters If you’re a follower of Jack Bogle’s legendary investment philosophy, you want to buy low-cost index
Drew Angerer | Getty Images News | Getty Images Eyeballing that Mega Millions jackpot? Good ol’ Uncle Sam is, too. After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12,
Billionaire technology investor and philanthropist Robert F. Smith announces he will provide grants to wipe out the student debt of the entire 2019 graduating class at Morehouse College in Atlanta, Sunday, May 19, 2019. Steve Schaefer | Atlanta Journal-Constitution via AP Nearly 400 young men at Morehouse College learned on Sunday that their commencement speaker
We live in a world that is now fully on-demand. Groceries, alcohol, cleaning services and driving services can all be at your front door with a simple swipe on your phone. The bottom line is this all makes life easier. However, in the residential real estate world, while it’s a customer-first industry, this culture is
Photo by Austin Distel on Unsplash Photo by Austin Distel on Unsplash If you’re a “starter investor” — someone that is new to the world of investing — there’s a good chance you’re feeling pretty overwhelmed. And for good reason! You’re probably getting hit with news bites and ads every day that are spewing financial
A still from Season 8 of Game of Thrones. Source: HBO Just two weeks after a coffee cup was spotted in an episode of “Game of Thrones,” eagle-eyed fans have spotted another major gaffe in the show’s finale — water bottles. *Warning: Spoilers for the “Game of Thrones” finale to follow.* During a very important
Shares of Deutsche Bank hit a record low Monday, down nearly 3%, after UBS downgraded the German lender’s stock to a “sell” rating from “neutral.” Pointing to tough external events and the low interest rate environment, UBS slashed its price target for Deutsche from 7.80 euros ($7.45) to 5.70 euros. “We downgrade to sell because
An Apple iPhone 6 phones are taken out of a shipping box at a Verizon store on September 18, 2014 in Orem, Utah. Apple’s new iPhone 6 and iPhone 6 Plus go on sale September 20. (Photo by George Frey/Getty Images George Frey | Getty Images News | Getty Images Apple shares were down 2.5%
There’s an expense lurking on the horizon for retirees that is largely unpredictable but likely: Long-term care. With premiums skyrocketing on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such