Huawei Supplier Surges in Hong Kong After Canceling NYSE Listing

Semiconductor Manufacturing International Corp. was Monday's top gainer on the MSCI China Index as well as its Asia-Pacific gauge with a 10% rally. It was a different story for its American depositary shares, which tumbled 5.6% at the end of last week in New York after the Shanghai-based firm said it was delisting due to considerations including limited trading volume and costs. SMIC's biggest customer is the parent of Huawei Technologies Co., the high-profile subject of a U.S. ban.

Avoid Paying Taxes on Social Security Income

Some people have to pay federal income taxes on the Social Security benefits they receive. Typically, this occurs only when individuals receive benefits and have other substantial sources of income from wages, self-employed earnings, interest, dividends, required minimum distributions from qualified retirement accounts, and other taxable income that must be reported on their tax returns. Taxable Social Security Income In accordance with Internal Revenue Service (IRS) rules, you won't pay federal income tax on more than 85% of your Social Security benefits.

Model Emily Ratajkowski: 'organic content is king' in brand building

Emily Ratajkowski knows a thing or two when it comes to building a brand. The actress and top model has 22.8 million Instagram followers, her own bodywear, swimwear & intimates line, and is also the “Chief Taste Officer” of BABE, a sparkling canned wine brand. Recently, Ratajkowski said the key to her success stems from her beginnings as a social media influencer.

Build better money habits with these 3 simple steps

According to research from Duke University, habits make up around 45% of our daily behaviors . If there's an aspect of your financial life you want to change — save more for retirement or cut out superfluous spending — the best way to make a lasting change is to tweak your daily habits . If you've ever set a lofty New Year's resolution and failed to keep it — as 88% of people do, according to a 2007 survey by British psychologist Richard Wiseman — then you know how hard it can be to try to make a dramatic change overnight.

Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official

The couple were taken into custody by immigration officers, the Indian Express reported, citing sources. Local media, citing sources, reported earlier this month that the ministry of corporate affairs had been looking into Jet's books and had asked for a corporate fraud investigation into the airline, suspecting that its promoters siphoned off funds. Once one of India's largest carriers, Jet was forced to ground all flights last month after running out of money and failing to secure funds, crippled by mounting losses as it attempted to compete with low-cost rivals.

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  India's beleaguered Jet Airways founder held at airport

  AFP
• Jet Airways founder stopped from leaving India

  Financial Times

Russian Central Bank boss on risk of global recession

CNBC's Geoff Cutmore discusses the risk of global recession with Elvira Nabiullina and concerns of political interference on central bank independence around the world.

U.S Mortgages – Mortgage Rates Fall for a 4th Consecutive Week

Mortgage rates fell for a 4th consecutive week in the week ending 23rd May. 30-year fixed rates fell by 1 basis point following on from a 3 basis point fall from the previous week. The 1 basis point fall took 30-year rates to 4.06% according to figures released by Freddie Mac. Following the weekly fall, 30-year fixed rates stood 60 basis points below levels from 12-months ago.

Market welcoming Fiat-Renault merger talks, expert says

Arndt Ellinghorst, head of global automotive research at Evercore ISI Group, discusses merger discussions between Fiat Chrysler and Renault.

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  Renault's board 'studying with interest' Fiat Chrysler deal terms

  Reuters
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  Fiat Chrysler and Renault are in advanced talks to merge the automakers

  CNBC

10 Canadian Marijuana Stocks for Your Portfolio

Aurora Cannabis Market Cap: $12.300B Aurora Cannabis Inc. OTC: ACBFF) debuted on the Canadian venture stock exchange (TSX) in October 2016. In addition to producing dry cannabis, Aurora received a license to sell cannabis oil in January 2017.

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  Forget Aurora Cannabis: These 3 Growers Offer a More Attractive Value Proposition

  Motley Fool
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  Which Smaller Marijuana Stock Is Most Likely to Join Aurora Cannabis and Canopy Growth at the Top?

  Motley Fool

NBC's Natalie Morales had an 'eye-opening' job at a bank before journalism

Chemical Bank came to my college at Rutgers, recruited me because I speak Spanish, Portuguese, and was a journalism major and writer,” she told Yahoo Finance's “My Three Cents with Jen Rogers. So I kind of went into the job thinking, 'If this gives me greater appreciation and understanding of finance, then I'm getting sort of a paid-for MBA out of this,' which is what it ended up being,” she said. Morales joined the management training program at the famed Chemical Bank not long before it merged with Chase Manhattan Bank, now JP Morgan Chase (JPM).

Newly legalized hemp industry set to create a jobs boom in the US

A provision in the 2018 Farm Bill makes hemp, marijuana's no-buzz cousin, no longer a federally illegal substance. It allows farmers and other cultivators to grow the leafy, lanky plant and sell its harvest to processors so they can make hemp-based products ranging from foods, beverages and cosmetics to paper, clothing and building materials. Twenty-four states have hemp farming.

The Differences Between 401(k) and 403(b) Plans

k) vs. 403(b): An Overview Named after sections 401(k) and 403(b) of the tax code, respectively, both 401(k) plans and 403(b) plans are qualified tax-advantaged retirement vehicles offered by employers. The primary difference between the two is the type of employer sponsoring the plans — 401(k) plans are offered by private, for-profit companies, whereas 403(b) plans are only available to nonprofit organizations and government employers. Another key difference between 403(b) and 401(k) plans lies in the investment options each offer, although that distinction is lessening over time.

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  House Bill Could Give Boost To Small Business Retirees, Part-Timers

  Yahoo View
• 
  Hardship Withdrawal vs. 401(k) Loan

  Investopedia

Seadrill's Plunge Deepens After Analysts Slash Target by 88%

Seadrill Ltd. plunged to the lowest since it emerged from bankruptcy less than year ago after Carnegie Investment Bank AB recommended selling the shares and slashed the price target by 88% amid mounting recovery concerns. The offshore rig market recovery is “not happening fast enough” for Seadrill, Carnegie said in a note to clients on Monday. The investment bank cut its recommendation from a buy and lowered the target price to 25 kroner from 210 kroner.

Fiat Chrysler proposes 50-50 merger with Renault

Fiat Chrysler Automobiles has proposed merging its business with Renault that, if accepted, would create the third largest global automaker with 8.7 million in annual vehicle sales. FCA delivered Monday a non-binding letter to Renault's board that proposes combining the business as a 50-50 merger. FCA's proposal illustrates the growing desire among automakers to consolidate, or form partnerships, in an environment of increasing regulatory pressure, declining sales and rising costs associated with next-generation technologies such as autonomous vehicle technology.

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  Fiat Chrysler in tie-up talks with Renault: sources

  Reuters
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  Fiat Plans Merger With Renault in Latest Auto Industry Jolt

  Bloomberg

Botched your tax withholding in 2018? It's about to get more complicated

The IRS plans to soon release a draft of its new Form W-4, which you will be able to use to adjust your tax withholding for 2020. That new form may require taxpayers to assemble additional pieces of information, including data on other sources of income and the amount their spouse makes, a payroll company executive said. If you were unhappy with your 2018 tax return results, now is the time to plan for the remainder of 2019.

Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains. Supply cuts - both voluntary by the Organization of the Petroleum Exporting Countries (OPEC) and allies, plus those resulting from U.S. sanctions - have helped Brent crude, the global benchmark, rise by 29 percent this year. "The main factor preventing the market from going higher on the geopolitical news is really the concern about the global economy," said Petromatrix oil analyst Olivier Jakob.

• Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

  Reuters
• 
  Brent Crude Gains as Market Weighs Trump Comments and Rig Data

  Bloomberg

U.S.-China trade, Costco earnings — What to know in the week ahead

Last week, the Dow closed lower for the fifth straight week, and it could be another turbulent week for markets as investors continue to monitor negotiations progress between the U.S. and China. The recent incoming economic data in the U.S. has been weak and thus is pointing to a soft second quarter. What surprises us is that, despite these signs of a rapid slowdown in US economic growth and the renewed escalation in trade tensions, the S&P 500 has held up surprisingly well,” Capital Economics wrote in a note Friday.

• Costco, Gap and More Stocks to Watch This Week

  Barrons.com
• Economic Calendar - Top 5 Things to Watch This Week

  Investing.com

VW to Rework $56 Billion Battery Push on Samsung Deal Risk

Volkswagen AG is making changes to its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns one if its supply deals, with Samsung SDI Co. Ltd., might unravel, according to people familiar with the matter. Samsung initially agreed to deliver batteries for just over 20 gigawatt hours, enough to power 200,000 cars with 100 kilowatt hour packs, before different views on production volume and schedule emerged during detailed negotiations, said the people, who asked not to be identified as the talks are confidential. The impasse cut pledged supplies to less than 5 gigawatt hours, they said.