Onboard video of Alexander Rossi driving Jim Clark's 1967 Lotus 49 Formula 1 car at the Circuit of the Americas for the May 2013 issue of Road & Track.
Amazon is in a pickle. It would probably like to raise the fee on its popular Prime membership to offset its skyrocketing shipping costs. That fee, though, already stands at $99 a year, meaning an increase of just a buck would push membership to the psychologically important $100 barrier. Here's the rub: the inherent contradiction of Prime is that the more you use its most popular service -- two-day unlimited shipping -- the more it costs Amazon. The Prime squeeze was apparent on Thursday when Amazon reported a 43 percent jump in shipping expenses to $3.9 billion as part of its third-quarter earnings. The spike helped depress the company's profit and resulted in Amazon badly missing Wall Street's
Buried in a footnote at the very bottom of a 13-page memo, a close associate of former president Bill Clinton appeared to admit using access to the inner workings of the Clinton Foundation and the annual Clinton Global Initiative to provide perks to companies he hoped to personally do business with. The memo, authored by Douglas Band, was one of thousands of documents leaked to the whistleblower organization WikiLeaks after what federal officials say was a hack of the personal email account of John Podesta, the chair of Hillary Clinton’s presidential campaign, by a group with ties to the Russian government. Related: Emails Reveal Millions Raised Through Clinton Foundation for Bill Clinton Inc.
That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things
Oct. 28 -- Kamal Sharma, director of G10 FX strategy at Bank of America Merrill Lynch, and Peter Hahn, dean at London Institute of Banking and Finance, examine the impact on the British pound and U.K. economy as a Northern Irish judge ruled in favor of the U.K. government on two challenges to the Brexit process. They speak on "Bloomberg Surveillance."
An insider has bought shares of the largest energy infrastructure company in North America. The purchase comes after earnings and as investors watch for a dividend hike. Insider buying can be seen as a good sign for investors.
Exclusive, exschmoosive. T-Mobile really wants you to know that Verizon's "exclusive" to sell the red-hot Google Pixel phone isn't an exclusive at all. "Don't let the 'exclusive' advertisements fool you, the Pixel phone is tested and proven to be fantastic on our lightning fast network, and we want to help you get the best of both worlds!" said the carrier's CEO John Legere in a statement. To back up his words the company has a new limited-time offer: bring in an unlocked Pixel purchased from Verizon, Google or another vendor, sign up for T-Mobile's "One" plan, and get up to $325 cash back, equivalent to half the price of an unlocked 32GB Pixel. The money doesn't arrive in a lump sum, but over
The self-made millionaire refuses to play by anyone else's rules, particularly when it comes to saving money. "I would never, ever invest money in a 401(k)," Cardone tells CNBC. The popular retirement plans are "traps that prevent people from ever having enough," Cardone writes on his website.
In early 2015, the United States’ campaign against the Islamic State’s oil resources proved to be ineffective, with the terrorist group recovering quickly from strikes meant to disable its oil production capabilities. Now, as the fight for Mosul rages, and even ISIS turns towards destroying local oil resources before the group is terminated, the future of one of Iraq’s major cities lies in the hands of those who will stick around to rebuild its economy – notably Russia and Europe. Black smoke covers Mosul as the retreating forces of Islamic State burn oil wells, aiming to delay the reconstruction of post-ISIS Iraq for as long as possible.
With his construction savvy and her design talents,Tarek and Christina El Moussa of HGTV's "Flip or Flop" seem to have the right formula for flipping houses for big profits. No wonder people are excited to attend classes to learn the Orange County couple's secrets. Flip or Flop is the second-most-popular show on HGTV, watched by 2.8 million Americans, many of whom dream of imitating Tarek and Christina's success. But when flipper hopefuls show up for what are advertised as free events, they are pushed to purchase courses and software that cost thousands of dollars, The Associated Press reported. The company that runs the Success Path classes, Zurixx LLC of Utah, is accused by some attendees of
Mandatory retirement is still in the workforce, and it’s causing problems as people live — and work — longer. Being compelled to leave a job because you’ve hit a certain age could impose significantly negative consequences on older employees, and experts say such a requirement shouldn’t exist at all. Pennsylvania has a ballot question coming this November that directly touches on forced retirement, asking voters if an amendment should be created to extend the age a judge can be to serve. If approved, judges would be allowed to work until they are 75, five years past the age they’re currently required to let go of the gavel. For a lot of workers today who hope to stay on the job well past 65,
Courier firm United Parcel Service has ordered 14 Boeing 747s in a deal worth $5.3bn (£4.4bn) at list prices. The order could breathe new life into an aircraft Boeing has said it may cancel. The firm warned in June that its iconic 'Jumbo Jet" plane faced falling orders and pricing pressures. The purchase significantly adds to Boeing's order book when it and rival Airbus have struggled to sell wide-body aircraft. The UPS order, which includes an option for 14 more 747s, reflects growing demand for air freight, chief executive David Abney said. "We have the demand and these aircraft will allow us to handle the demand on a very scheduled basis," he said. Slow sales of the 747-8, the latest version
WASHINGTON (AP) -- The U.S. economy grew at a 2.9 percent rate in the July-September quarter, the strongest pace in two years, as the battered export sector rebounded and businesses finally began restocking their shelves at a faster
CenturyLink Inc (CTL.N) and Level 3 Communications (LVLT.N) are in advanced talks to merge, according to people familiar with the matter, in a deal that would create an enterprise telecommunications player worth more than $50 billion, including debt. It would combine Level 3's enterprise services with CenturyLink's network that provides Internet and telephone offerings to millions of customers. CenturyLink and Level 3 declined to comment.
By Deborah M. Todd CUPERTINO, Calif. (Reuters) - Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and raising prices by several hundred dollars. The first redesign in several years is a sign Apple still sees a role for the product that launched the company, even though its iPhone has become the flagship product. Ben Bajarin, an analyst at Creative Strategies, described the changes as "important incremental upgrades" which would convince people with old Macs to trade up to the smaller, faster model.
A Bank of America fund manager survey found cash levels were at 5.8 percent in October — the highest they've been since 2001. On Wednesday, the largest weekly outflow from equity funds in five years was reported by the Investment Company Institute: close to $15 billion. Investors are worried — about bonds as the Fed moves closer to a rate hike, about the election, and about a bull market now in its eighth year and supported by a so-so economy. The nervousness has fueled an increase in cash holdings. Hedge fund billionaires, including David Tepper of Appaloosa Management, have commented on how much cash they're holding. But famed value manager Bill Miller of Legg Mason says he's holding no cash
Retirees have special concerns when evaluating state tax policies. For instance, the mortgage might be paid off, but how bad are the property taxes—and how generous are the property-tax breaks for seniors? Are Social Security benefits taxed? What about other forms of retirement income—including IRAs and pensions? Does the state impose its own estate tax that might subtract from your legacy? The answers might just determine which side of the state border you’ll settle on in retirement. These 10 states impose the highest taxes on retirees, according to Kiplinger’s exclusive 2016 analysis of state taxes. Three of them treat Social Security benefits just like Uncle Sam does—taxing as much as 85%
Donald Trump is the subject of an honors course at Penn State this fall. So how will the students studying the GOP presidential nominee cast their ballots on Election Day? WSJ's Shelby Holliday visited State College, Pa. to find out. Photo: Associated Press
General Electric Co. is in talks to buy Baker Hughes Inc., the Wall Street Journal reported, citing people familiar with the matter. Baker Hughes, the world’s third-largest oil services provider, jumped as much as 19 percent in after-hours trading in New York following the report. The Houston-based company terminated plans to be acquired by Halliburton Co. earlier this year after failing to gather antitrust approval from regulators around the world. Melanie Kania, a spokeswoman for Baker Hughes, declined to comment. Before it's here, it's on the Bloomberg Terminal.LEARN MORE
Saudi Arabia and its Gulf OPEC allies are willing to cut 4 percent from their peak oil output, energy ministers from the Gulf countries told their Russian counterpart this week, sources familiar with the matter told Reuters. The 4 percent offer is likely to be made at a meeting of OPEC experts and officials from other oil producers such as Russia on Oct. 28-29 in Vienna, to nail down the details of last month's OPEC production-cap agreement in Algeria. Iraq, OPEC's No. 2 producer, said this week that it would not cut output and should be exempted from any curbs as it needs funds to fight Islamic State.
For more than a year Energy Transfer Equity (NYSE:ETE) wanted nothing more than to buy control of Williams Companies (NYSE:WMB) to bolster its energy infrastructure empire. However, the deepening of the energy market downturn, combined with leverage concerns and tax issues, changed its mind. That debacle caused a significant slump in the value of both companies, which is enticing many investors to consider adding one of them to their portfolio. That said, while both companies have their merits, one stands as the better choice right now for long-term investors. Battle of the balance sheets As mentioned, one of the reasons the merger between Energy Transfer Equity and Williams Companies fell apart
I'm growing so tired of the recent trading-range action that I was hoping a bit too much that the negative reaction to Apple (AAPL) earnings and the weak action in small-caps might trigger some downside momentum. What happened instead is that the indices bounced right back and are barely unchanged. (Apple is part of TheStreet's Action Alerts PLUS portfolio.) Breadth is still dicey at 2,600 gainers to 3,900 decliners and the small-caps indices are hanging on by their fingertips to support, but the S&P 500 is showing just a minor loss. It still isn't a very good setup for buying, but the story of this market has been -- and still is -- a lack of momentum in either direction. One question we were
Wall Street is expecting to see improvement in quarterly earnings as oil majors begin reporting this week after many of the world's biggest energy companies missed forecasts in the second quarter. Exxon Mobil (NYSE: XOM) fell far short of forecasts due to weakening refining operations, while its smaller peer Chevron (NYSE: CVX) surprised investors with a loss of $1.5 billion as it booked $2.8 billion in impairments . BP (London Stock Exchange: BP.-GB) reported a $2.25 billion net loss as costs related to the Deepwater Horizon oil spill continued to bite.
The acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc , reduce its dependence on a cooling smartphone market. With the deal, Qualcomm is taking a big bet on the so-called Internet of Things (IoT), which enables everyday objects such as fridges and cars to communicate with each other.
Amazon chalked it up third-quarter its earnings miss to aggressively building out new fulfillment centers and investing heavily in video. On an earnings conference call Thursday, Amazon Chief Financial Officer Brian Olsavsky explained Amazon (AMZN) has invested heavily in two key areas: fulfillment centers and video. Indeed, during Amazon’s third quarter, the company built 18 fulfillment centers — the very same warehouses where many orders are filled.
(Adds Boeing details, analyst comment, updates stock price) By Nick Carey CHICAGO, Oct 27 (Reuters) - United Parcel Service Inc on Thursday said it expects another record-breaking holiday delivery season this year, but warned