Delta Air Lines is adopting stricter regulations for people who travel with service animals or emotional-support animals. The airline says the new rules are in response to a rise in safety incidents involving untrained or improperly trained animals. The stricter standards are designed to prevent people from using the airline's allowance of emotional-support animals to let their pets fly for free.
OPEC increased its forecast for rival oil-supply growth for a second month running after a recovery in prices sent Brent crude to $70 a barrel. OPEC’s output cuts -- now entering a second year -- have been successful in eroding bloated stockpiles and lifting prices to a three-year high. Yet the rally has prompted concern that competitors in the U.S. will be emboldened to expand production. “Higher oil prices are bringing more supply to the market, particularly in North America,” the Organization of Petroleum Exporting Countries said Thursday in its monthly report. The group raised its forecast for 2018 non-OPEC supply growth by 160,000 barrels a day, or 16 percent, to 1.15 million barrels a day.
Oakmark's Bill Nygren shared his market views and top stock ideas in an interview Thursday on CNBC's "Halftime Report." General Electric was "the worst performing stock in our portfolio. We were seriously off," he said. However, he added his fund is sticking with its position and expressed confidence in the industrial company's new management team. "In this case, there has been a tremendous change in people," the investor said. "We think [their businesses] deserve better than average multiples. We think with a fresh look GE deserves to be in the portfolio." John Flannery succeeded Jeff Immelt as General Electric's CEO in August. Nygren said his fund owns more shares of General Electric after
Mike Moritz, a top partner at Silicon Valley's most successful venture capital firm, says that the local tech culture has descended into "soul-sapping discussions" about "the inequity of life," and compared it unfavorably with the work ethic in the Chinese tech scene. Moritz, a managing partner at Sequoia Capital, wrote in the Financial Times that Silicon Valley's culture is becoming "unhinged" with discussions of things like the politics of speakers at tech companies, debates over work-life balance, and "grumbling about the need for a space for musical jam sessions." He contrasts this with China, where: "Top managers show up for work at about 8am and frequently don't leave until 10pm. Most of
Apple co-founder Steve Wozniak told an audience of Silicon Valley veterans that he's still a company employee after four decades.
Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in pet-related safety issues in recent years. Effective March 1, Delta, the second largest U.S. airline by passenger traffic, said it will require passengers seeking to fly with pets to present additional documents outlining the passenger's need for the animal and proof of its training and vaccinations, 48 hours prior to the flight. This comes in response to what the carrier said was a 150 percent increase in service and support animals - pets, often dogs, that accompany people with disabilities - carried onboard since 2015.
Early retirement planning makes you rethink what brings you happiness and life satisfaction outside of your career and improves your financial footing. Many Americans are unprepared for retirement and may need to continue working during their 60s and beyond. The sooner you begin planning and making serious efforts to secure your retirement future, the greater your chances of achieving it.
Schlumberger Ltd. (SLB) reported fourth-quarter and full-year 2017 results before markets opened on Friday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.48 on revenues of $8.18 billion. In the same period
One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings in a regulatory filing on Thursday. A large portion of the stake is held by a foundation and trusts in his family’s name, and his wife also owns some of the shares. Jain directly controls about $22 million of the stock. The disclosure offers a glimpse into the finances of one of Berkshire’s most important executives. Jain, 66, joined the Omaha, Nebraska-based conglomerate three decades ago and led a push into the reinsurance industry. Eventually
There is an advertisement online that’s been stalking people as they surf around the internet. You’ve probably seen them, too: A man with wild hair and wire-rimmed glasses, staring out into the beyond, with bitcoin logos next to his face. The ad might say something like “Crypto-Genius Reveals the ‘Next Bitcoin’” or “California genius says, this is the next bitcoin.” Some even use a variation on the classic clickbait syntax: “bitcoin won’t want you knowing this cryptocurrency,” as if bitcoin were a corporation, trainer, or language professor.
Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home billions of dollars in cash. Well, not necessarily. Apple AAPL, +0.22% said in its release that the company planned to “create over 20,000 new jobs through hiring at existing campuses and opening a new one.” The key word there is “create,” which Apple really likes to use when discussing jobs: The company even has a portion of its website dedicated to “job creation” that claims it is “responsible for 2 million jobs” in the United States, most of which are jobs “attributable to the App Store ecosystem.” Apple currently employs 84,000 people in the U.S., it said Wednesday,
As part of its defence against Broadcom, Qualcomm has argued that any deal faces a long antitrust review. Broadcom said that it had anticipated the second request as a normal part of the regulatory approval process.
Amazon.com Inc raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon's dominant online shopping platform. The move also follows a rise in fees by video streaming rival Netflix Inc in October.
The “Fast Money Halftime Report” traders discuss the volatile week for stocks with Tom Lee, Fundstrat, and Mike Wilson, Morgan Stanley.
Is it possible to retire a millionaire without having a 401(k) plan? It’s true that a 401(k) can be an extremely powerful tool for fueling your retirement savings efforts. However, research from Pew Charitable Trusts shows that 42% of workers don’t have access to one through their employer. And, of the 58% that do, less than half are participating. If your goal is retiring a millionaire but saving in a 401(k) isn’t an option, you’ll need to work a little harder to hit your target. Fortunately, there are some savings alternatives you can use to grow a seven-figure retirement nest egg. Start with an IRA An individual retirement account (IRA) is one of the most obvious ways to sock away $1
Thanks to the new tax law there are new lower tax rates - that means there also need to be different withholding rates -- and THAT could that your paycheck is going to change. But give us 60 seconds and you'll tell you why you shouldn't get too excited yet. The withholding tables tell your employer how much to withhold from your paycheck each pay period so that you pay in enough tax throughout the year. Come February, many of you will have less money withheld and watch your paychecks go up. Or not. So watch our video to see if you are one of the lucky ones. (Fingers crossed for your sake.)
Amazon AMZN announced on Thursday that it had officially narrowed the list of candidates for its second headquarters down to 20, eliminating the vast majority of the reported 238 applicants and brining the remaining cities one step closer to the 50,000 jobs promised by the e-commerce behemoth. Not surprisingly, Amazon’s shortlist includes several locations in the Midwest and South and on the East Coast. Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, Amazon’s head of economic development, in a press release.
Don Taylor at the Franklin Rising Dividends Fund disregards companies’ current dividend yields when selecting stocks. Instead he focuses on the strength of their underlying businesses. If a company increases its sales, earnings and cash flow enough to support significant and consistent increases in dividends, its stock should perform well in the long run, he reasons. Taylor has used that strategy since he helped establish the $19.4 billion Franklin Rising Dividends Fund FRDPX, +0.87% in 1996. The fund’s strategy is to select companies that are expected to post double-digit increases in dividend payouts over the long term. “The core is underlying business growth,” Taylor said in an interview Jan.
NextEra Energy, Inc.’s NEE subsidiary Florida Power & Light Company (“FPL”) announced its plans to apply federal tax savings toward the Hurricane Irma restoration cost of $1.3 billion. After recovering the costs, the unit anticipates saving each of its 4.9 million customers an average of approximately $250. With the execution of the aforementioned plan, the unit intends to exclude customers from paying a surcharge for Hurricane Irma restoration as previously anticipated.
Question: My wife died two years ago at age 53. I am currently 53. At the time, I was told that I would receive 80% of her Social Security when I reached retirement age in addition to my Social Security if I did not remarry. Is this true? We both worked long enough to qualify for Social Security at retirement age. Answer: Looks like you got some bad information, according to Joe Elsasser, president of Covisum and the developer of Social Security Timing. "The general rule of thumb for coordinating all benefits is that a beneficiary receives the higher of his or her own benefit or the benefit of the deceased," he said. That said, even after the law changes a few years ago, Elsasser said there are
Alphabet Inc.’s Google and Tencent Holdings Ltd. have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search giant and Tencent -- the world’s second largest and fifth largest company, respectively -- will team up on developing future technologies. The agreement may smooth the U.S. company’s business in China while helping Tencent’s push to expand beyond its dominant position on the mainland. The agreement is a typical industry arrangement between corporations designed to minimize patent infringements, with the U.S. company signing similar deals with
The U.S. Commodity Futures Trading Commission said it would keep tabs on Bitcoin futures trading and other markets during a government shutdown, even though it would be forced to halt many other normal activities. “One component of the agency’s mission is to oversee orderly derivatives markets, and to police those markets to ensure they are free of fraud and manipulation,” the CFTC said in a statement Friday. The regulator’s cryptocurrency oversight responsibilities greatly increased last month when the CME Group Inc. and Cboe Global Markets Inc. launched the contracts through a process that allows them to list products after pledging that trading doesn’t run afoul of the law.
The U.S. convenience store industry is facing an inconvenient truth: Americans are changing the way they shop for snacks and drinks. The nation’s 154,500 convenience stores are getting squeezed by competition from all sides. Fast-food restaurants and supermarkets are slugging it out in price wars, while dollar stores keep popping up everywhere. And Amazon.com Inc. offers quick delivery for basic items. That’s putting pressure on gas-station retail chains to merge. The $550 billion convenience store industry last year recorded its weakest merchandise sales growth since 2013, and businesses are rushing to improve loyalty programs, offer better food and let customers order online. Some are even
Shares of International Business Machines (IBM) are down $5.50, or 3%, at $163.67, in late trading, despite the company this afternoon reporting Q4 revenue and profit per share that topped analysts’ expectations. It was the last quarter IBM would report under outgoing CFO Martin J. Schroeter, who is passing the reins to James Kavanaugh in order to take over direction of IBM's "global markets" effort. Revenue in the three months ended in December rose 4%, year over year, to $22.5 billion, yielding EPS of $5.18. Analysts had been modeling $22.03 billion and $5.17 per share. The results include a 17% jump in IBM’s “strategic imperatives” revenue, to $11.1 billion, and a 30% rise in its cloud computing
U.S. oil production is booming and is forecast to top that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday. The International Energy Agency said in its monthly market report that U.S. oil production, which has already risen to its highest level in nearly 50 years, will push past 10 million barrels a day in 2018 as higher prices entice more producers to start pumping. The price of crude has risen about 50 percent since June, with the U.S. benchmark now trading around $63 a barrel, on evidence of strong global economic growth and a pact among OPEC countries and Russia to limit their production.