Domino's Pizza delivered a case to the US Supreme Court this summer and the justices rejected it on Oct. 7, the first day of the 2019 term. The court's action was a refusal to consider website accessibility standards that would have affected many businesses working online. The matter stemmed from a blind man being unable to order a pizza via the company's website or app and involves the Americans with Disabilities Act (ADA), a law designed to ensure equal access to all.
The State of Michigan Retirement Fund's pension account, worth more than $70 billion, ended its relationship with the investment firm of Ken Fisher in the latest backlash to offensive remarks the billionaire made this week at a conference. Fisher has apologized for sexist and off-color remarks he made at the Tiburon CEO summit in San Francisco, but it hasn't stopped the outrage. The $112 billion Fisher Investments was responsible for managing $600 million in retirement funds for Michigan, and has been associated with the state body for about 15 years.
This claim about the flu shot is all wrong It won't give you the flu, so get the shot. weird things that America's happiest couples have in common A recent report by eHarmony looks at what happy couples could tell us about finance and romance. Here are the U.S. cities with the highest growth in job openings and wages The analysis was carried out by Glassdoor based across major metro areas.
This weekend's Barron's cover story examines ways to maximize income in a low-rate environment. Other featured articles discuss a way to play the China trade talks and what a new baby boom means for retail stocks. Also: the prospects for a rebounding snack maker, a beleaguered conglomerate, video game stocks, an aerospace giant and more.
Millions of Californians may have just suffered an unprecedented, induced blackout by the state's largest (and bankrupt) utility, PG&E, just so it isn't blamed for starting even more fires causing it to go even more bankrupt... but at least the price of gas is soaring. According to Fox5NY, citing figures from AAA and the Oil Price Information Service, the average price of a gallon of regular gasoline in Los Angeles County was $4.25 on Wednesday, 4.5 cents higher than one week ago, 57.6 cents more than one month ago and 37.1 cents greater than one year ago. What is more troubling is that as California gas prices reached the highest level in the state since 2015, some Los Angeles area gas stations are charging more than $5 a gallon.
Boomer Expectations for Retirement,” a new annual study from the Insured Retirement Institute — a trade body for the annuity industry — makes shocking reading. Most boomers are unprepared for retirement, even as they approach it or enter it. Amazingly, barely one in 10 has enough saved up.
Many biotech stocks are now so cheap, investors get entire drug research pipelines at a nice discount and even for free (or better) because market capitalizations are below cash levels, according to calculations by Jefferies Financial Group (JEF) biotech sector analyst Michael Yee. Large cap biotech stocks trade for a price earnings ratio of around 10, deep inside the historic range of 7-14, he points out. There's a chance investors are overly worried about Warren.
When it comes to the stock market though, “playing it safe” doesn't always pay off and putting your money on a seemingly 'sure bet' that most big players are investing in, might not get you the results you are actually looking for. When you take a deeper look, you'll notice that there are actually incredible opportunities in “smaller” and less heard biotech stocks that can bring you closer to the sweet payday. Using TipRanks' Stock Screener, we've highlighted 3 ultra-promising biotech stocks that are showing upsides of nearly 300% and above.
To come up with the list, Barron's started with the S&P 500 Dividend Aristocrats, all 57 of which have increased their dividends for at least 25 straight years. The next step was to incorporate a system that measures dividend safety developed by Reality Shares, an index provider. Besides giving stocks an individual score for how safe a particular dividend looks, the methodology confers a rating of one to five on every stock it analyzes; five is the highest, and one, the lowest.
Odds are high that companies will issue conservative guidance that will reset expectations for the current quarter for both individual companies and the market benchmark of companies that comprise the S&P 500. Alongside the other factors ticked off above, odds are it will result in a volatile time for the stock market -- and that will more than likely have investors looking for safer ports of call, at least for the time being. There are several alternatives to choose from, but one group that tends to get a warm reception is dividend-paying stocks, particularly those that have consistently increased their dividend over a prolonged period of time.
The new two-page form, known as 1040-SR, uses a bigger font than the standard form 1040, and eliminates shading in boxes to improve readability. In addition, it includes a chart to help taxpayers calculate their standard deduction, which may help ensure that fewer seniors neglect to take the additional standard deduction to which they are entitled. Taxpayers using the 1040-SR may claim the standard deduction or itemize their deductions, and report income not only from wages and tips but also from other streams of income common to seniors, such as Social Security benefits and distributions from qualified retirement plans, pensions and annuities.
Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) year-to-date, according to Rystad Energy's latest global discoveries report. The industry is well on track to repeat the feat achieved in 2018 when around 10 billion boe of recoverable resources were discovered,” says Palzor Shenga, senior analyst on Rystad Energy's upstream team. Click to enlarge) Russia has seen the most discovered resources thus far in 2019, with the Dinkov and Nyarmeyskoye discovery announced earlier this year holding around 1.5 billion boe of recoverable resources.
For your watch list this week are five stocks that broke out or tested buy points Friday amid positive China trade deal headlines: Nvidia, Texas Instruments, Proofpoint, Dollar General and TJX. Stocks To Watch: China Trade Deal In Focus With news of a partial China trade deal on Friday, semiconductors, retailers and other top industry groups moved higher. But as the major indexes backed off their intraday highs, so did many leading stocks that staged breakouts.
The 22,000-member Taxi Workers Alliance says it has a plan at almost no net expense to the city: bailing out thousands of struggling drivers who can't afford to repay expensive loans they took out from private lenders to buy city taxi-operating medallions. De Blasio counters that it would cost billions of dollars to solve the problem and says the federal government should pay. The plan would have the city take over the loans from private lenders for about 25% of their original value, as some private-equity companies have done.
Mayor Pete Buttigieg stands apart from other Democratic presidential candidates when it comes to health care policy. Unlike frontrunners Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-Mass.), he does not support for Medicare for All, but rather an alternative. “I am a candidate who believes Medicare for All is not as attractive as Medicare for All Who Want It,” Buttigieg said at The New Yorker Festival.
Economists are divided about when the next U.S. recession will arrive, but they largely agree on this: the country will need to fight it with a massive fiscal program, and be ready to swallow deficits that may eclipse the trillion-dollar shortfall run by the Trump administration this year. Past discussion has focused on the Federal Reserve as the more powerful first responder, and how rising U.S. debt carries its own risks. Now talks are about how much money ought to be spent and where it should go - whether to infrastructure, programs to counter climate change or direct payments to households.
The so-called “tunnel” negotiations between the U.K. and the European Union over Brexit could sustain the pound's rally, according to Goldman Sachs Group Inc. “If the two sides do make more progress toward a deal, continued short-covering from real money investors should prolong the rally,” said analysts including New York-based Zach Pandl, Goldman's co-head of global foreign-exchange and emerging-market strategy. Goldman expects that if the EU and Prime Minister Boris Johnson agree on a deal this week, enough U.K. lawmakers will back it to ensure an orderly Brexit at the end of October.
This isn't the trade deal the stock market was hoping for. The Dow Jones Industrial Average rose 242.87 points, or 0.9%, to 26,816.59, while the S&P 500 index advanced 0.6%, to 2970.27, and the Nasdaq Composite gained 0.9% to 8057.04. The Dow and the S&P 500 snapped three-week losing streaks, while the Nasdaq has now gained for two straight weeks.
United Airlines announced this week that the criteria for elite qualification in its MileagePlus loyalty program would change dramatically next year. Starting in January of 2020, United's loyalty members will earn elite status based on Premier Qualifying Flights and Premier Qualifying Segments only. It wasn't too long ago that frequent flyers on American, Delta, and United earned elite status based solely on how far they fly.
Amazon has cut ties with three delivery contractors that were recently implicated in multiple deaths by a joint BuzzFeed News and ProPublica investigation. According to state documents obtained by the two publications, those companies now plan to lay off more than 2,000 employees, and in two of three cases, stop delivering packages for the e-commerce giant. The investigation that BuzzFeed News and ProPublica completed in September found the three companies -- Inpax Shipping Solutions, Sheard-Loman Transport and Letter Ride LLC -- often employed drivers with little experience and put them in difficult working conditions.
The trajectory of trade talks seems to vary on a daily basis, but the actual impact on China from the long-running tussle with the US will become clearer on Monday with the release of a raft of export data. Analysts expect that the fall in Chinese exports will have accelerated in September as the world's second-largest economy grappled with both the trade war and slowdowns among key trading partners across Europe and Asia. Economists polled by Bloomberg anticipate that shipments in US dollar terms from China slipped 3 per cent year on year during the month, following a 1 per cent fall in August.
p The entrepreneur, who spent part of his childhood in an orphanage, shook the world of Italian finance in September by acquiring a 7 per cent stake in Italian investment bank Mediobanca. He plans to lift his stake above 10 per cent and push for an overhaul of chief executive Alberto Nagel's strategy, according to people briefed on the matter.
The money managers who run university and college endowments may be the smart money, but this year they are barely getting passing grades. The median U.S. college or university endowment returned just under 5% in fiscal 2019, lagging behind both the stock market and a diversified portfolio of stocks and bonds over the same period. In the fiscal year ended on June 30, 2019, the S&P 500 index returned 10.4%, while a 70/30 mix of U.S. stocks and bonds grew 9%.
Once upon a time, a primary concern for stock market investors was the unprecedented dominance of a handful of consumer-facing technology companies over broad market performance. Just one year ago, equity strategists and investors were nervously pointing out that the so-called FAANG group of stocks, an acronym that stands for Facebook Inc. (FB) Apple Inc. (AAPL) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX) and Google parent Alphabet Inc., (GOOG)(GOOGL) were responsible for most of the S&P 500 index's returns during the first three quarters of 2018, shielding from investor view the less impressive performance of the typical U.S. stock. Then came the nearly 20% decline for the S&P 500 index (SPX) during last year's fourth quarter, which wiped out these gains, followed by a series of negative headlines for the tech group of stocks, as some of these firms faced political backlash for their market power, use of personal data, and influence over the flow of news and information.