Sandra Bookman reports from Brooklyn
Most hikers would hightail it upon spotting two snakes fighting on a path. Arkansas hiker Dawn Kelly decided to record the snakes on her smartphone instead, creating the kind of video most of us would rather watch from a safe distance. The unusual thing about this snake battle royale, however, isn't that Kelly managed to record it unscathed, but that the two snakes, a copperhead and a cottonmouth, shouldn't have been fighting at all. According to Alabama Auburn University herpetologist David Steen, male snakes often fight in something called a "combat dance" over female snakes. But until now, no one has recorded evidence of two different species of male snakes fighting, according to the BBC.
Donald Trump and Hillary Clinton didn’t agree on much during their acerbic debate faceoff earlier this week, but one of the topics on which they found common ground was nuclear weapons. Then he went on to criticize America’s nuclear capabilities compared to those of Russia. What Trump saw “the other night” might have been a 60 Minutes report last Sunday that suggested the risk of nuclear conflict was rising as Vladimir Putin’s Russia looks west, sees weakness and thinks that in a conflict with NATO, a nuclear strike might shock the alliance into submission.
You need help with your bank account or advice about your mortgage. You call the help line. And then, after a lengthy wait, tapping more information into your phone and being transferred to the right department, you reach a call center worker, an actual human being. By that point, however, you might not be feeling warm and patient. Usually, the person absorbing your frustration is in the Philippines—the call center capital of the world. (For years, India had more call center workers than any other nation, but more recently U.S. companies began relocating to the Philippines, where people speak American English, rather than the British variety.) The country is 12 or 13 hours ahead of Eastern Standard
About a year before Sanjay Valvani's wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading. Valvani drove profits at Visium Asset Management, an $8 billion New York hedge fund that had been on the rise.
The attorney for former Fox News Channel personality Andrea Tantaros said Wednesday the host had turned down a settlement offer in the “seven figures” and would continue to press her case alleging harassment by senior executives at the 21st Century Fox-owned cable-news outlet. The legal development threatens to fan the flames of a controversy that the network and its parent hope to extinguish: Roger Ailes, the leader of the network and architect of its popular and influential programming, was ousted in July in the wake of a lawsuit filed by former Fox News anchor Gretchen Carlson alleging sexual harassment by the executive. “As has been widely reported, Fox News previously offered Ms. Tantaros seven figures to renounce her harassment claims against Ailes (and others) in exchange for her eternal silence,” said Judd Burstein, a lawyer representing Tantaros in the matter, in a statement.
The first scenario that Cramer said could happen is that Deutsche Bank's credit lines could get pulled, causing it to fall, and take down other banks with it. Many banks lend money to one another, and the presumption will be that money should not be lent to Deutsche Bank right now. The collapses of banks in the recent financial crisis were not caused by depositors pulling out cash, but by credit getting cut off, Cramer said. That is what happened on Thursday. This is the systematic risk that many fear. If this happened, Cramer expects a multi-day decline in markets around the world. Cramer thinks the German government will likely not allow this to happen. "However, until we know that for sure
Earnings are out for Costco. CNBC's Seema Mody reports the details. CNBC senior markets commentator Mike Santoli and Stephanie Link, TIAA Global Asset Management, weigh in.
Qatar Airways is in the process of firming up the order, which it was due to have placed at July's Farnborough airshow, but which was delayed by the Qatari government in an effort to speed up U.S. approval for the fighter contract, one of the sources said. Bloomberg reported that the deal was for at least 30 Boeing 777 and 787 jets, valued at about $6.7 billion at list prices. Boeing declined to comment and Qatar Airways was not immediately available to comment.
With great fanfare, American Airlines introduced new uniforms on Sept. 20. Now the outfits are giving the world's largest carrier and hundreds of its employees real headaches. Really. Sources report that more than 400 AA flight attendants have informed their union and company management that they have broken out in hives and begun to experience itching and headaches since they first slipped into the new uniforms — the first new designs for many in the airline's employee ranks in decades. An AA spokeswoman confirmed that the company has received complaints about the new uniforms, which the company, at this juncture, believes may be related to a wool allergy among some affected employees The spokeswoman
Jay Z and Dame Dash must be counting their blessings right now. The former business partners just won big in their $7 million copyright lawsuit over their Roc-A-Fella lawsuit. A U.S. District Court judge dismissed the million-dollar lawsuit Tuesday (Sept. 27), claiming the evidence and testimony provided wasn’t enough to hold the defendants (Jay and Dash) accountable for copyright infringement.
As if we didn't already have enough reasons to love Sephora (seriously, we could never name them all), the beauty retailer is doing something really incredible for women who are embarking on a major life transition. Putting a philanthropic spin on the beauty education they've been serving up in stores across the country, Sephora will launch what they are calling Classes for Confidence.
Before cofounding Solemates, a brand of women's shoe-care products, in 2009, Becca Brown worked at Goldman Sachs for almost six years. Brown, who has a bachelor's from Harvard University and an MBA from Columbia, spent a lot of time interviewing job candidates at Goldman, where she held various roles, including analyst, wealth adviser, and chief of staff. "I interviewed anywhere from 20 to 30 job candidates a year.
Donald Trump’s tactically dubious decision to continue his attacks on a former Miss Universe over her weight gain following a disastrous performance in the first presidential debate have caused the question of his treatment of women to flare up yet again. The latest flare-up apparently prompted the Los Angeles Times to go digging through depositions filed as part of a class action lawsuit against a Trump golf club in California in 2012, where reporters unearthed multiple examples of former Trump employees testifying that Trump had, both personally and through the atmosphere he created at his property, engaged in extremely sexist behavior toward women, some of them quite young, who worked for him. The lawsuit, Messerschmidt v. Trump National Golf Club, was not actually about sexual discrimination or mistreatment, but about work hours.
"The big takeaway is how into a corner the Saudis have backed themselves. This whole plan has backfired on them. They're going to be bearing most of the cutback if they pull it off, and they've had to really kowtow to the Iranians in this whole thing," Kilduff told CNBC's "Power Lunch." In April, OPEC members and Russia met in Doha, Qatar, to hammer out a deal to freeze production at January levels. But Saudi Arabia scuttled that plan when its regional rival, Iran, refused to participate. Ahead of the meeting in Agiers, Saudi Arabia softened its stance, reportedly offering to cut its own production if Iran agreed to freeze its current output at roughly 3.6 million barrels a day. On Tuesday, the
Prospects that Sears Holdings (SHLD) could be bankrupt within two years soon could send investors in real estate investment trust (REIT) Seritage Growth Properties (SRG) running for the exit. Shares in Seritage are up about 28% this year even amid signs that the REIT, spun off from Sears last year to raise about $2.7 billion in cash, could face serious cash-flow problems if Sears goes under. The latest questions about Sears' viability arrived on Wednesday, when Fitch Ratings said the company posed "significant default risk" within the next 12 to 24 months due to years of weak store traffic and high levels of debt. At issue for Sears, which is battling declining cash flow amid a prolonged stretch of losses, is repaying some $2.8 billion in high yield bonds and institutional term loans coming due in the next few years.
The focus has been less on housing but more on inflation data in FOMC circles recently, but on Thursday, we received very weak pending-home-sales data that puts housing front and center again. Housing was humming along, so to speak, with interest and mortgage rates still low, but in August something very interesting happened. Pending home sales fell by 2.5% in August, suggesting that potential buyers were apprehensive. What might make buyers apprehensive in a housing market that has been driven by extremely low mortgage rates? We could easily point the finger to the risk of higher rates, but that usually has a spurring influence on the purchasing decision, so we need to look at that in another
In 1984, Vanguard's founder, John Bogle, seeded the Vanguard PRIMECAP Fund with $100,000 of his own money. Over the following three decades, the actively managed Vanguard PRIMECAP Fund would turn his original investment into more than $5.5 million, or twice what it would have become if it were invested in the S&P 500. Its record of topping the market's return has persisted to this day. The Vanguard PRIMECAP Fund beat the S&P 500 by an average of three percentage points per year over the last 15 years with its stockpickers' simple strategy of buying out-of-favor growth companies and holding them for a decade, if not longer. The recipe is simple: PRIMECAP hopes to identify companies that have
Nearly 60% of those polled for TIAA’s recently released 2016 Lifetime Income Survey said they’re confident they’ll be able to turn their savings into income that can support them in retirement. Unfortunately, fewer than half of the people surveyed know how much they have in those accounts or have tried to assess how much retirement income their savings can actually generate. Here are three key questions you should ask yourself to ensure your planning reflects a realistic assessment of your retirement prospects.
AT&T Inc. – which is expected to premier its streaming service DirecTV Now later this year – reportedly will work to make streaming its primary TV platform by 2020. AT&T last year acquired satellite-TV service DirecTV, which has a large Colorado footprint. Under the timeline, as reported by Bloomberg, DirecTV set-top boxes and satellite dishes could be obsolete in three to five years. Bloomberg cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward
One in five bowel cancer patients diagnosed in an emergency had "red flag" symptoms that should have been picked up earlier, a study in the British Journal of Cancer suggests. And 16% of emergency bowel cancer patients had seen their GP three times or more with relevant symptoms. Overall, these symptoms were less common in patients diagnosed at an emergency stage rather than earlier on. The study looked at data on diagnoses in England from 2005 to 2006. The researchers, from University College London and the London School of Hygiene and Tropical Medicine, focused on what had happened to patients in the five years leading up to their cancer diagnosis. They analysed National Cancer Registry data
By Laurence Frost PARIS (Reuters) - Toyota has decided to drop diesel engines from its new C-HR compact in the wake of Volkswagen's emissions scandal and will probably do the same for future model renewals, the carmaker's second-ranking global executive said on Thursday. The Japanese automaker decided "within the last six to 12 months" not to offer a diesel version of the car, unveiled at the Paris auto show, because demand for the powertrain technology is falling sharply, Executive Vice President Didier Leroy told Reuters in an interview. If faced with a renewal decision today for other models up to and including the larger Auris compact, a Toyota staple, "we would probably do the same thing", Leroy added.
In business as in poker, it can pay to be unpredictable. And make no mistake, bluffing works well in situations where the stakes are high and the bluffer has a better stack than opponents. That said, bluffing only works when your opponents don’t suspect you’re doing it, so the more analysts speculate about whether Amazon has the chips to bluff or bully companies the size of UPS and FedEx into making costly errors, the less it’s likely to happen. Amazon has been building out its logistics capacities at a scale indicative of a hedge strategy (it can sell its excess capacity by the piece or by the pound to whoever and whenever). Yet despite how fully hedged its bets may be, it remains vulnerable.
Shares of Apple ( AAPL) have been consolidating for the last two weeks. The stock's powerful rally off the Sept. 12 spike low ran out of steam after reaching the $116 area five days later. This healthy action will likely continue in the near term and with it will bring much lower entry opportunities for Apple bulls. Apple's surge off this month's low began with a gap lower open on Sept. 12. The stock dipped down to within pennies of its 200-day moving average. By the close, Apple was up 2.25% for the day, a rebound that carried quite bit of upside momentum with it. This surge drove shares past multiple layers of supply, including the August high and the initial 2016 peak set back in April. By
OPEC, the dysfunctional cartel that has gifted case studies in the “prisoner’s dilemma” to business schools for years, unveiled an agreement to potentially cap oil production this year in what amounts to a last-ditch effort to shore up the price of crude after a costly two-year nosedive. If implemented — and all the details must still be worked out — such a cap on production could nudge crude prices higher. Since the OPEC oil embargo and gas lines of the early 1970s, the United States has tried to convince Saudi Arabia, Venezuela, Russia, and other big producers to keep the taps open so that oil remains abundant and affordable.