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  • Money Basics: What is an annuity?

    Annuities offer the promise of a fixed payout in retirement, but the investment does come with some drawbacks.

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  • Layoffs begin at Carrier plant that drew Trump's criticism
    Business
    Associated Press6 hours ago

    Layoffs begin at Carrier plant that drew Trump's criticism

    More than 300 Carrier Corp. workers were being laid off Thursday from the company's Indianapolis factory as part of an outsourcing of jobs to Mexico that drew criticism last year from then-presidential candidate Donald Trump. The nearly 340 workers clocked out after their final shifts at Carrier's gas furnace factory. Carrier announced in February 2016 that it would close the Indianapolis plant and cut about 1,400 production jobs in a move expected to save $65 million annually by moving furnace production to Mexico.

  • Boeing Could Soar Another 100,000 Feet and Stay the Hottest Dow Jones Industrial Average Performer
    Business
    The Street7 hours ago

    Boeing Could Soar Another 100,000 Feet and Stay the Hottest Dow Jones Industrial Average Performer

    Aerospace giant Boeing Co. (BA) made new all-time highs Wednesday, cementing its place as the best-performing stock in the Dow Jones Industrial Average so far in 2017. Year to date, Boeing is up more than 37% on a total returns basis, nearly quadrupling the performance of the rest of the Dow over that same time frame. Cue the high-flyer puns. The stock is on fire. But if you think you've missed out on Boeing's massive rally this year, think again. It's not too late to establish a position in Boeing this summer. In fact, Boeing is sending a brand new technical buy signal this week ahead of earnings. To figure out where Boeing is heading from here, we're turning to the charts for a technical look.

  • Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue
    Business
    The Street7 hours ago

    Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue

    If you listen to Starbucks (SBUX) execs, then everything at the coffee giant is amazing.  Do some work in Microsoft (MSFT) Excel (as the analysts at Credit Suisse did below on Wednesday), and a glaring issue comes to light. That is, for all its digital leadership and ability to crank out new, more expensive drinks, Starbucks sales are on a long-term downtrend. Seeing as employee hourly wages and benefit costs are on the rise, as are costs to open new locations, a stubborn downtrend in sales is very unwelcome. It's especially unwelcome as most on Wall Street remain obsessed with Starbucks' growth prospects -- they could be in for some unfortunate surprises on the bottom line over the next year