Former President George H.W. Bush paid a subtle tribute to his late wife, Barbara Bush, at her funeral on Saturday. The former president wore a pair of socks decorated with stacks of colorful books, in a nod to his partner’s longstanding commitment to advancing literacy. George H.W. Bush wore socks with books on them in dedication to Barbara at her funeral today.
Mark Mobius, the 81-year-old investment guru, believes the U.S. stock market is set for a 30% correction that would essentially wipe out the gains of the last two years. The renowned fund manager, who left Franklin Templeton, the American investment house, after more than 30 years in January, said “all the indicators” point to a large fall in the S&P 500 SPX, -0.85% ?and the Dow Jones Industrial Average DJIA, -0.82% ?. “I can see a 30% drop,” said Mobius, who launched one of the world’s first emerging market funds. “When consumer confidence is at an all time high, as it is in the U.S., that is not a good sign. “The market looks to me to be waiting for a trigger that will cause it to tumble. You
As cannabis enthusiasts celebrate 4/20, the unofficial stoner holiday, the state that has led the nation in legalization says it may not always be so open to the drug. Colorado Governor John Hickenlooper tells CNN he is not ruling out making marijuana illegal again, as the state’s crime rate has been rising since recreational use of the drug was made legal in 2014. As of yet, there’s no research that ties the increased crime rate to the Colorado’s recreational pot law.
CNBC’s Steve Sedgwick reports on the OPEC meeting happening in Saudi Arabia, including his interview with the Russian energy minister Alexander Novak.
Dozens of companies have given employees one-time bonuses on account of the tax cuts President Trump signed into law last year. In fact, ADP’s CEO recently told employees that investors, not workers, will see most of the benefits of tax cuts. At an internal town hall meeting on March 15, ADP CEO Carlos Rodriguez fielded an employee question on what the company planned to do with the savings from corporate tax cuts.
When Danielle Town found herself burnt out and even starting to get sick from her work as a corporate attorney, she knew she didn't want to keep working at the same breakneck pace for much longer. So she started brainstorming ways to retire faster. "I
If you want to be financially secure in retirement, then making the most of Social Security can be critical in putting together a smart financial plan. The perfect retirement strategy involves a combination of Social Security benefits, private pension payments, and income from your own retirement nest egg. Social Security calculates how much money you get in monthly benefits based on your work history during your career.
Donald Trump has made America read again. Since the beginning of the year, every New York Times bestseller has been about the 45th president, according to CNN. To answer that question, we gathered data from the Times nonfiction list of bestsellers on every book explicitly about Trump since his election in 2016.
The Kushner Cos. has been subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City. The statement Thursday acknowledged that the federal subpoena arrived last month, a day after the AP reported the Kushner Cos. routinely filed false paperwork with the city stating it had zero rent-regulated tenants in buildings across the city when, in fact, it had hundreds. The AP report covered a three-year period when the real estate company was run by Jared Kushner, President Donald Trump's son-in-law who is now a senior adviser.
A new study from the National Foundation for American Policy , shows that U.S. tech companies are relying more on skilled foreign workers using H-1B visas, while Indian outsourcing firms are losing their previous stronghold in the area. According to the study, four U.S. tech companies – Amazon AMZN , Microsoft MSFT , Intel INTC , and Google GOOGL – were among the top 10 employers for approved H-1B applications in FY 2017 (which ended September 30), and they all saw increases of more than 10 percent from the previous year.
Former Federal Bureau of Investigation (FBI) director James Comey’s meticulously prepared memos of his meetings with US president Donald Trump were leaked to the press last night (April 19), within less than a hour of being shared with the House Judiciary Committee. For the most part, the 15 pages of memos flesh out the meetings with Trump that Comey detailed during his hearing in front of the Senate Intelligence Committee last June, including Trump’s repeated demands for “loyalty” and his asking Comey to “lift the cloud” of the Russia investigation.
Boeing has converted its first 737-800 Next Generation passenger jet into a cargo aircraft and delivered it to Swedish air freight company West Atlantic Group. The conversion was done by Boeing Shanghai for the owner of the aircraft, GE Capital Aviation Services (GECAS), which is the airplane leasing and financing arm of the General Electric conglomerate. The converted freighter was flight tested and painted in Victorville, California. It will be used by West Atlantic to carry express cargo on domestic and short haul routes, Boeing said in a news release. The jet provides improved reliability, lower aircraft operating costs "and a better environmental footprint,” West Atlantic CEO Fredrik Groth
Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn't use the restroom because he wasn't a paying customer. A few minutes later, they hardly noticed when the police came into the coffee shop — until officers started walking in their direction. Nelson and Robinson were led away in handcuffs from the shop in the city's well-to-do Rittenhouse Square neighborhood in an incident recorded on a white customer's cellphone.
Just as Hollie Mackey was about to get up from her seat to go to the bathroom during Tuesday morning’s Southwest Airlines flight from New York to Dallas, flight attendants asked passengers to stay seated due to continual turbulence. Mackey put her seatbelt back on, shared a glance of disappointment about the bumpy ride ahead with the woman seated at the window to her left and settled back in. Mackey, 42, was seated in the aisle seat on the same row as Jennifer Riordan, a mother of two and bank executive from Albuquerque, New Mexico, who was killed when Flight 1380’s left side engine exploded just 20 minutes into their trip.
Big tobacco stocks have had one of their worst weeks in years, with Marlboro manufacturer Philip Morris International (PMI) down more than 17% (including its single biggest one-day share price decline in a decade Thursday), Altria down more than 10%, and British American Tobacco (whose subsidiaries include Camel cigarettes maker Reynolds American) down 9%. The bear run kicked off with what, for the industry, was a foreboding sign about the state of business: Philip Morris reported its tobacco shipments had fallen even more than expected.
FBN's Charlie Gasparino on reports Deputy Attorney General Rod Rosenstein told President Trump he was not a target of the Mueller investigation and Rudy Giuliani's claims the probe will end in a matter of weeks.
U.S. President Donald Trump’s assertion that OPEC is propping up oil prices amid oversupply and an excess of floating storage has a problem: it’s only half true. While OPEC has been curbing supply in a successful bid to revive oil prices, the group’s success means that there’s no longer a global glut of oil. “Looks like OPEC is at it again,” Trump said in a Twitter post. “With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” Since January 2017, the Organization of Petroleum Exporting Countries and other nations led by Russia have been slashing supply. OPEC’s compliance with the agreement
The first contract secured by Transocean is for its semi-submersible rig, GSF Development Driller I in Australia. The contract is an extension of the rig’s current work, which is scheduled to terminate in September 2018. Quadrant Energy intends to extend the contract, which will now deploy the rig for two more months — November and December.
Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil's government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources. The Boeing and Embraer partnership would create a new company in which the U.S. planemaker would have an 80.01 percent stake and the Brazilian firm 19.99 percent, the paper said, adding this was a model supported by the Brazilian government. Boeing, Embraer and Brazil's Defense Ministry did not have an immediate comment on the report.
This weekend's Barron's cover story examines the divide between business models in the big tech space. Other featured articles show why MLPs look attractive again and what to expect in the battle over AI chips. Also: the prospects for a branded