London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter. Authorities are aiming for the bank to settle
JetSmarter has reached an agreement to settle claims made by some of its members that the company engaged in unfair and deceptive practices, according to a settlement notice. The private jet company, which once had more than 8,000 members and a self-proclaimed valuation of over $1 billion, has been the target of more than a
As materials stocks build on their gains, one investing professional is getting even more constructive on the space. Witnessing the 4% pop this week in the Materials Select Sector SPDR Fund, a market-cap-weighted index that counts the stocks of Linde and DowDuPont among its top holdings, CFRA’s Todd Rosenbluth says investors should consider buying into
A interview with billionaire entrepreneur, venture capitalist and founder of Khosla Ventures, Vinod Khosla. In this interview, Vinod discusses how entrepreneurs can succeed and the long and tough journey they will have to undertake. Vinod also talks about how entrepreneurship has changed and where it is heading. ???? Vinod Khosla recommended books are located at
President Donald Trump loves climate-wrecking coal and hates the climate-saving Paris Agreement. Meanwhile, forward-looking impact investors hate the problems of burning coal and its financial downside – and love portfolios of companies and funds pursuing climate solutions, which can have stronger returns. This love-hate split has motivated investors – and eco-focused ESG investment funds —
If you’re looking for a new home in an urban area, you might be attracted to some more up-and-coming areas. But buyer beware: Some of those areas come with big risks. That is according to a new study from GOBankingRates, which evaluated cities based on multiple criteria: percentage of homes with mortgages in negative equity,
As the April 15th tax filing deadline gets closer, there is a lot of last-minute planning going on. Taxpayers are getting one final opportunity to fund retirement accounts for tax year 2018. These accounts range from IRAs, Roth IRAs and SEP IRAs to Health Savings Accounts (HSA). What many are hoping for is that funding
Next Avenue recently asked readers to send us their top questions about their 2018 tax returns and we would answer as many as we could. In the story published in late March, three tax experts sorted out confusion about: who needs to file; standard deduction vs. itemized deductions; whether certain expenses are tax-deductible and late
With interest rates low, and home prices throughout much of the country still affordable for those earning little more than the median income, ownership grounds Americans in their communities like nothing else. Adobe Stock Photo Doesn’t everyone want to own their own home? That sense of belonging, the feeling that you and your place have
The FDA won’t approve of this year’s hot food trend. The National Restaurant Association and the American Culinary Federation surveyed 650 professional chefs about the top culinary and restaurant concepts for 2019. Three in four chefs said that CBD- and cannabis-infused food would be a hot trend this year. Of course, chefs’ interest in cannabis
Check out the companies making headlines before the bell: Boeing — Boeing said it would cut production of its 737 Max aircraft to 42 per month from 52, as it continues to work to return the aircraft to service following two fatal crashes. In a related story, American Airlines said it would extend cancellations of
Activist investor Ancora Advisors announced on Monday a takeover bid for J. Alexander’s Holdings, a Nashville-based restaurant chain, according a letter filed with the Securities and Exchange Commission. Ancora, which already owns about 1.3 million J. Alexander’s shares, offered to buy J. Alexander’s for $11.75 per share in cash, or $186 million. The figure represents
An interview with billionaire investor and founder of the world’s largest Hedge fund Bridgewater Associates, Ray Dalio. In this interview, Ray discusses the debt cycle and the similarities between now and 1930, including his thoughts on capitalism. Ray also talks about how investors should invest in the debt cycle and at what point. ????Books by
Like Halley’s Comet, the idea that people are faking disability claims reoccurs with regularity. The recurrence doesn’t happen seasonally, but politically: Republicans are more likely to propose to cut disability benefits. In 2019, it is Democrats opposing the Trump Administration’s proposed Fiscal Year 2020 Budget, which targets people with disabilities. Sadly, Trump may feel he can
Getty It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim house office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. U is for Unadjusted Basis. Basis
China’s home prices are hot. Average prices of new homes in 70 Chinese cities rose at an annual rate of 10.4% in February 2019, accelerating from a 10.0% rise in the previous month, according to Tradingeconomics.com. That’s the 46th straight month of price increases and the strongest annual gain since May 2017. Rising home prices
When we last sampled a Mazda MX-5 Miata in 2017, in retractable fastback (RF) guise, we called it “pint-sized perfection” and raved that it was the best drop-top you could get for under $60,000. Given that it costed closer to $30,000, that was impressive. Now, Mazda says they’ve made it better. Power has risen from
Much of Wall Street may consider Europe a danger zone for investors, but BNY Mellon’s Alicia Levine lists it as one of her top market plays. Levine, the firm’s chief strategist, believes big gains are in store for the battered region. “There are great opportunities in the places where people feel the worst about. And,
Requiring high school students to take a personal finance course reduces their likelihood of taking out expensive payday loans down the road. That’s the takeaway from research being released by the FINRA Investor Education Foundation in conjunction with April financial literacy month. The short-term loans, typically due by your next payday, can come with interest
Photographer: Chris Ratcliffe/Bloomberg © 2018 Bloomberg Finance LP Investors, traders, and speculators are jumping into the Bitcoin and cryptocurrency markets again, sending prices soaring across the board. Over the last seven days, Bitcoin has gained 25.74%, Ethereum 18.76%, Ripple 16.12%, and Litecoin 53.20%–see table 1. The rally was extended across the cryptocurrency markets, with 94