A fire has broken out along the boardwalk of Seaside Park, New Jersey. The fire is believed to have started at Kohr's Frozen Custard shop, reports CNBC's Tyler Mathisen.
If you’re OK with getting paid $10,000 a month to travel the world and stay at “some of the most desired resorts and homes across the globe,” then there just might be an opening that suits your quirky tastes. But you’d better hurry! There’s only a couple of days left before the deadline to submit your resume for the “best job on the planet.” The gig is being offered by ThirdHome, a Tennessee-based luxury home-sharing club where clients have reciprocal access to posh retreats in places like Bali... Byron Bay, Australia... And the French countryside... The chosen one, as part of the job, will be tasked with visiting as many as 12 of these kinds of locales — all expenses paid on top of the $10,000
A woman believed to have driven three men to an Oklahoma home where they were shot to death during a suspected home invasion has been arrested on murder and burglary warrants but the homeowner's son who shot them has not been arrested while police investigate whether he acted in self-defense under the state's "Stand Your Ground" law. Wagoner County Deputy Nick Mahoney said Tuesday that Elizabeth Marie Rodriguez, 21, of Oologah was arrested on three first-degree murder and three first-degree burglary warrants and was jailed without bond after going to police and saying she had information about the shooting at a home just east of the Tulsa suburb of Broken Arrow. "It was determined she had driven these individuals to the house and dropped them off with the intent to burglarize the residence," Mahoney said. Oklahoma law allows a person to be charged with murder if they take part in a crime in which people are killed, even if the person does not take part in the slaying.
Eric Schmidt, executive chairman of Google's parent company Alphabet, is worth an estimated $11 billion. While a significant amount his wealth comes from stock he received as Google's CEO, the billionaire credits a few personal finance strategies with helping build his net worth. This isn't the only piece of advice Schmidt has for professionals.
You can't blame investors, however. Since he took over the top job at General Electric in 2001 (16 years ago) GE's stock value has dropped 38%. Meanwhile, the DJIA has almost doubled. Over that time, GE has been the greatest drag on the DJIA, otherwise the index would be valued even higher! That is terrible performance - especially as CEO of one of America's largest companies. Immelt will succeed Welch after he retires at the end of 2001.
Mar.27 -- The Falcon 9 rocket slated to take off from Kennedy Space Center in Cape Canaveral, Florida, has flown before, marking the first time SpaceX will refly one of the 14-story-tall boosters it recovered from past missions. Bloomberg's Dana Hull has more on "Bloomberg Technology."
While the US's biggest automaker has been enjoying years of booming and highly profitable sales, its stock performance has been weak. Einhorn, whose Greenlight Capital owns just under 1% of GM, also wants board seats, and for GM to do a better job with its cash pile — including the recent haul from its sale of its sale of is Opel/Vauxhall division to Peugeot. It's true that GM shares have foundered since it emerged from bankruptcy years ago — they're up just about 5% since 2010 — but the company's Chief Executive, Mary Barra, is right to want Einhorn to leave her alone.
By Se Young Lee SEOUL (Reuters) - Tech giant Samsung Electronics plans to sell refurbished versions of the Galaxy Note 7 smartphones, the company said late on Monday, signaling the return of the model pulled from markets last year because of fire-prone batteries. Samsung's Note 7s were permanently scrapped in October after some phones self-combusted, prompting a global recall roughly two months after the launch of the near-$900 devices. A subsequent investigation found manufacturing problems in batteries supplied by two companies - Samsung SDI Co and Amperex Technology.
The Latest on contacts between President Donald Trump's senior adviser and son-in-law, Jared Kushner, and Russian officials (all times local): 2:45 p.m. The top members of the Senate intelligence committee say that President Donald Trump's son-in-law has voluntarily agreed to be interviewed as part of their ongoing investigation into Russia's interference in the 2016 election and possible ties between Trump associates and the Kremlin. Sens. Richard Burr, a North Carolina Republican, and Mark Warner, a Democrat from Virginia, said in a joint statement that they are committed to follow the facts wherever the investigation leads them. The White House confirmed that Kushner had volunteered to answer
"While world-class thinkers understand the importance of saving and investing , they direct their mental energy toward accumulating wealth through serving people and solving problems," writes self-made millionaire Steve Siebold in "How Rich People Think," which he wrote after studying millionaires for over 25 years. Here are four strategies to build wealth from self-made millionaires who have done it. "You won't get rich without multiple flows of income," says self-made millionaire Grant Cardone , who was deep in debt before reaching seven figures .
It's been a fantastic 15 months for Advanced Micro Devices (AMD) . If you're among the investors who'd bought the then dead-beat chipmaker back in December 2015, you'd have made over 300% in this period--even as AMD beat quarterly earnings estimates, shrugged off balance sheet concerns and demonstrated liquidity improvement. Is it then time to take profits off the table? We'd recommend staying with the company. First, there is better visibility into Ryzen 7 and the imminent Ryzen 5 launch on April 11. While the Ryzen 7 series competes with Intel's (INTC) workstation and professional applications, it has received mixed reviews. AMD said it plans to launch four mainstream Ryzen 5 CPUs on April
Equity markets are facing a "quite high" risk of a correction but it won't be enough to throttle the bull market altogether, the chief global equities strategist at Goldman Sachs has told CNBC. "We think the trigger is probably not going to be so much politics … But more really the fundamental peaking of growth momentum which has been so supportive for the reflation trade in recent months, at a time when U.S. rates are starting to increase again, coupled with the very high valuations that we already have," he explained before noting that this would not, however, signify the beginning of a complete reversal in shareholders' fortunes. "A correction – if we're getting one – is not going to be the end of bull market.
DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps criticism that centered on trade and investing in America. Ford said on Tuesday it would spend $850 million on a planned upgrade of a plant in Wayne, Michigan, for the Ford Bronco, an SUV model, and the Ford Ranger - a mid-size pickup truck.
When Weatherford International (WFT) announced that it had named Halliburton (HAL) CFO Mark McCollum its new CEO, its shares jumped as some observers contended it increased the odds of an acquisition by the oil-services giant. It looks like they picked the wrong oil-services giant, however, as Weatherford and Schlumberger (SLB) announced a joint venture late Friday, one that has sent Weatherford’s shares soaring and earned it an upgrade from Wells Fargo analysts Judson Bailey and Coleman Sullivan. They explain why: We are upgrading WFT to Outperform from Market Perform as we like the hire of Mark McCollum as CEO and now the formation of the OneStim JV, which gives us greater confidence in improving
By Alan Baldwin LONDON (Reuters) - Lewis Hamilton lost a battle but regained a rival after Sebastian Vettel won Sunday's Australian season-opener for Ferrari. The first Ferrari victory since 2015 made Vettel, a four-times world champion with Red Bull, the only non-Mercedes driver to have led the standings since the V6 turbo hybrid power units were introduced in 2014. Over the past three years, triple world champion Hamilton has had only his team mate, the now-retired 2016 title winner Nico Rosberg, and reliability to worry about with Mercedes winning 51 of 59 races up to Melbourne.
Ever since Donald Trump began railing against undocumented immigrants at the beginning of his presidential campaign, so-called “sanctuary cities” have been a target of some of his strongest condemnation. Attorney General Jeff Sessions, himself a strong supporter of tougher immigration laws, announced that the Department of Justice would deny grants administered through its Office of Justice Programs to jurisdictions that do not comply with 8 USC 1373.
Choosing where to buy a new iPhone isn’t as simple as it might seem. Third-party stores or carriers might give you a better monetary deal than buying an iPhone from the Apple Store, but you’re also going to have to deal with yearly contracts, bill credits, or the hassle of unlocking the device if you switch networks. As of right now, if you buy an iPhone on T-Mobile and opt for extra device insurance, you’ll also get AppleCare included in the price.
New research suggests digital tools used to track net worth could lead investors to misunderstand how much they have saved for retirement.
To say it's been a bad past two years for Under Armour (NYSE:UA) (NYSE:UAA) stock would be an understatement. After topping at an all-time, split-adjusted high of $52.92 in late September 2015, Under Armour shares have since suffered a 63.2% decline. Worse yet, this sell-off has erased effectively all the outperformance against the S&P 500 that Under Armour shares had accrued over the past five years. However, one investor's trash can be another's treasure in the stock market. Under Armour remains a strong bet for continued growth over the long term. What went wrong at Under Armour The drag on UA stock is the perception that it's a busted growth story, a company whose long history of prodigious
Maybe you also followed this story. Or maybe not. But basically a really big hedge fund manager, one of those guys who people quote and probably talk about at Harvard Business School, placed a super big bet on this company called Valeant.Valeant is a
After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor Co's pet aviation project recoup its development costs. Honda has declined to reveal the costs, but the automaker has been researching aircraft development since 1986, and Richard Aboulafia, vice president of analysis at aerospace consulting firm Teal Group, thinks it has likely spent roughly $1 billion on the jet program since the early 2000s - more than double the $400 million typical for similar jets. The company that gave the world the Honda Civic, which revolutionized compact cars in the United States in the 1970s, is betting its $4.5 million dollar, six-seater light business jet, the first aircraft developed by an automaker since World War Two, will expand the fuel-efficient private jet market.
The past few days have been utterly painful for shareholders of Frontier Communications (NASDAQ:FTR). After analysts called the company's dividend into question, shares have fallen sharply -- and they have lost almost half of their value since just this January. Does such a move mean that the company -- and its headline-grabbing dividend yield of over 20% -- is a buy at today's prices? Would it be a better bet than putting your money behind a much safer telecom like AT&T (NYSE:T)? The answers to these questions aren't 100% knowable. But we'll try to examine them by viewing the two companies through three different lenses. Sustainable competitive advantages If I had one piece of advice for beginning
Aluminum producer Alcoa (AA) has seen its shares jump 20% so far this year. Buoyed by a set of positive factors set to drive earnings into next gear, it's easy to understand the bullishness around Alcoa. Goldman Sachs upgraded Alcoa to a 'buy' and its price target of $52 indicates a more than 58% upside from current levels. We're in agreement with Goldman's optimism. Between China's commitment to cut surplus capacity in the steel sector and Trump's drive to push legislation that could action a $1 trillion investment in U.S. infrastructure there appear to be tailwinds developing for Alcoa. Alcoa is now a lean and agile enterprise, after having split last year into two entities. The company, which
Microsoft has been sued in the US by three users who claim the free Windows 10 update destroyed their data and damaged their computers. The lawsuit filed at the Chicago's US District Court refers to Windows 10 as a defective product and alleges that Microsoft failed to provide adequate warning about the potential risks posed by Windows 10 installation. Microsoft has dismissed the claims, telling The Register: "The Windows 10 free upgrade program was a choice designed to help people take advantage of the most secure, and most productive Windows.
Wells Fargo & Co has flunked a U.S. regulatory test on a national scorecard for community lending, the bank said on Tuesday, as it tries to repair its reputation after a phony-accounts scandal. The Office of the Comptroller of the Currency deemed Wells Fargo a bank that "needs to improve" under the Community Reinvestment Act, a law meant to promote lending to poor neighborhoods, the bank said in a statement. Wells Fargo had previously boasted an "outstanding" score on the Community Reinvestment Act.
General Electric (GE) has had an earnings problem. Not the numbers themselves, but the way they report them.Last year, MarketWatch's Tomi Kilgore noted that General Electric had reported four different earnings metrics when it released it second-quarter financials in July, and concerns about how GE reported its numbers was picked up by analysts including Deutsche Bank’s John Inch, who took issue with the way the industrial giant accounted for Alstom, and Bernstein's Steven Winoker, who said GE needed to "simplify and clean up all financial reporting."With earnings called into question, JPMorgan's C. Stephen Tusa and team contend that bullish investors are now focusing on GE's free cash flow, an "emerging bull case" they call "overstated and not plausible." They explain why: