While the unemployment rate continues to decline under President Donald Trump, hitting 4.1%, the lowest since 2000, there are certain industries—and states—that continue to experience job losses.GoBankingRates analyzed data from the Bureau of Labor Statistics
U.S. smartphone chipmaker Qualcomm (QCOM.O) is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors (NXPI.O) and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green light from both competition authorities would take Qualcomm a major step forward to closing the deal and reinforce its fight against an unsolicited $103-billion takeover bid from Broadcom. The Japan Fair Trade Commission (JFTC) "is expected to clear Qualcomm’s acquisition of NXP imminently," the source said.
Experts say that workplace bullying is disturbingly common. A big part of the problem is that there are very few places bullied and harassed employees can turn to for help. Bullying bosses and toxic workplaces have dominated the headlines recently. Along with allegations of sexual assault and harassment perpetrated by movie mogul Harvey Weinstein, members of the entertainment industry have described how his brother Bob Weinstein would bully and verbally abuse staff. In a written statement to The Wall Street Journal, Weinstein said: “At times I have a temper, but I would not describe it as volatile, and I’m definitely not a bully.” The Weinstein company did not immediately return a request for
After stocks lost ground for the second week in a row, investors in the U.S. will be facing a shortened holiday trading week and a light economic and earnings calendar. Economic highlights will come on Wednesday, with the final reading on consumer sentiment from the University of Michigan and the release of the minutes from the Federal Reserve’s latest meeting. Major earnings releases will all come before the Thanksgiving holiday, with salesforce.com (CRM), Dollar Tree (DLTR), Campbell’s Soup (CPB), and Lowe’s (LOW) reporting on Tuesday, while Deere (DE) will report earnings before the market open on Wednesday.
BEIJING (Reuters) - China Citic Bank Corp and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China's rapidly growing fintech sector. AiBank is one among
As the FANG stocks and Microsoft Corp. (MSFT) bask in the glow of a big 2-year run-up during which they've frequently blown past analyst estimates and seen core businesses defy the law of large numbers, they share a common Achilles heel: In China, they've struggled to see a fraction of the success they've witnessed in most other big markets. Indeed, other than Apple Inc. (AAPL) and to a lesser degree Priceline Group Inc. (PCLN) , it's hard to think of a U.S. tech giant that has managed to profit from Chinese consumers on a large scale. And while big-name U.S. tech firms have been relatively more successful selling to enterprises in the world's #2 economy, those efforts have also faced plenty
A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption. Advisers to Emaar Properties PJSC scrambled to complete a $1.3 billion share offering in its United Arab Emirates development business after local investors reneged on hundreds of millions of dollars in demand on the last day of the sale, according to people familiar with the matter. The retreat was triggered by Saudi Arabia’s unexpected crackdown, they said. In the end, Emaar Development PJSC was able to pull off the listing within the original price range, with backing from some prominent regional investors as well as global funds, which accounted for about 40 percent of the sale.
Nov.19 -- Tim Jowett, Asia-Pacific director of investment strategy at Grosvenor, discusses China's housing policy, Hong Kong's Kennedy Town as a model for creating livable cities in China. He speaks on "Bloomberg Markets: Asia."
You've probably heard by now that Wal-Mart Stores, Inc. (WMT) is on fire. The world's biggest retailer reported 50% year-over-year growth in e-commerce during its third quarter. If its developments in online grocery are any indication, Walmart's digital sales are primed to go up, up, up. Walmart executives highlighted grocery delivery as a leading factor for its sky-high online growth. The 50% increase, in fact, beats Amazon.com Inc.'s (AMZN) third-quarter sales uptick of 28.8%, which accounts for only its product sales. In the third quarter, the Bentonville, Ark.-based chain explanded online grocery pickup and tested same-day grocery deliveries, according to CEO Doug McMillon. Online grocery
The Bloomberg Businessweek list of best business schools for 2017 is out, and Harvard Business School tops the list for the third straight year. The Wharton School at the University of Pennsylvania and the MIT Sloan School of Management rose to the second and third spots, while Stanford dropped a bit. And one of this year’s biggest losers was George Washington University School of Business, which dropped 14 spots to No. 59. Here are the top 10 business schools of 2017, according to Bloomberg. Bloomberg Businessweek also broke down the ranking by factors including employers, alumni, current students, job placement and salary. Related read: The 10 best business schools for aspiring entrepreneurs
The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.
Nov.19 -- Hartmut Issel, head of equity and credit at UBS Wealth Management CIO Office, discusses the collapse of Angela Merkel's attempt to form a new German government and his outlook for Asian markets. He speaks on "Bloomberg Daybreak: Asia."
MarketWatch rounded up 10 of its most interesting topics over the past week. 1. Game-changer from Tesla Tesla Inc. CEO Elon Must previewed an electric semi truck that could haul up to 80,000 pounds, have a 500-mile range and could revolutionize the U.S. long-haul transportation industry. He also said a new version of the Tesla Roadster is on the way — one that can accelerate from 0 to 60 miles an hour in less than two seconds. Read on: 4 ways Tesla’s electric truck announcement could change our roads 2. Bad retail Target Corp.’s TGT, +5.52% third-quarter earnings were better than analysts had expected, but its shares still sank 10% on Wednesday and haven’t fully recovered. Tonya Garcia explains
Not long ago, shopping on Black Friday used to mean jammed highways and crowded malls. Online shopping has changed all of that. As the meaning of Black Friday has changed, so has the type of company that benefits most from the biggest shopping day of the year. In my opinion, Walmart (WMT) is the biggest retail story of 2017. When it became clear that the mega retailer had a plan to take on Amazon (AMZN) head-on, the online retail game changed. Here's why I love this company for Black Friday: Amazon can't compete with Walmart's bricks-and-mortar locations. That's right, Walmart will use the same factor that is crippling so many retailers as a weapon to beat the online retail giant. The key is
An advantageous geographical location and liberalised trade in energy resources allow Australia to successfully compete for the most lucrative and promising liquefied natural gas (LNG) markets. Come 2020, Australia likely will be the world’s largest LNG supplier. Australia is the second-largest exporter of LNG, with Qatar topping the list.
Which company will be the biggest in America, 100 years from now? Judging by the chart below, it’s fair to say it may not be Apple AAPL, -0.56% This chart from cost-calculating website HowMuch.Net uses Forbes data to identify which American companies were the top corporate giants over the past century. The size of the circle in the visualization corresponds to the company’s valuation, adjusted for inflation to 2017 dollars. Companies are color-coded by industry. As Raul Amoros for HowMuch.Net points out, the top 10 companies in each year are all different. In 1917, U.S. Steel X, +0.55% reigned supreme, while in 1967, IBM IBM, -0.10% was king. The year of 2017 has been dominated, no surprise,
Worried about the gigantic bitcoin mania? You should be. As the speculative online “currency” surged again Thursday to a fresh record above $7,800, valuing all the bitcoins in the world at an eye-watering $130 billion, a new survey revealed that most of the ordinary Americans playing the high-risk game have absolutely no idea what they are doing. Three-quarters of bitcoin BTCUSD, +0.30% holders could not identify a sound financial reason for investing, two-thirds said they hadn’t locked in a nickel of profits even as the price of the token rocketed skyward, and more than half said they didn’t worry about the technology security of their bitcoins — even though hundreds of millions of dollars
Good news for non-robots everywhere. There might still be a job in artificial intelligence with your name on it. And it might pay quite a lot. The median base pay for open jobs in artificial intelligence is about $111,000 per year, more than twice the U.S. median base pay for full-time workers, $51,000 per year, according to the jobs site Glassdoor. Glassdoor analyzed the artificial-intelligence related jobs on its site to determine that median. The top-paying AI job, in a sample of open jobs on Glassdoor as of Oct. 20, was director of AI at a tech company, an executive-level role. Glassdoor estimated it would pay roughly $257,000, not including any bonuses and stock-related compensation. The
, especially those who are retired and are (or were) relying on the stock's 24-cent quarterly dividend to fund their living expenses, should not panic -- even though the stock is down 11% over the past five days. On Tuesday, John Flannery, the CEO of GE, announced plans to restructure the company and focus on healthcare, aviation and energy, and halve its quarterly dividend to 12 cents a share. "Investors liked GE because it was a stable company with a consistent rising dividend," said Peter Snow, director of investment research with NFP Corporate Benefits.
General Electric Co.’s new Chief Executive John Flannery bought over $1 million worth of GE stock, after prices dipped to a near six-year low amid disappointment over his turnaround plan. The industrial conglomerate disclosed in a filing with the Securities and Exchange Commission Friday that Flannery bought 60,000 shares of GE stock GE, -0.22% on Nov. 15 at a price of $18.27, which implies a cost $1,096,200. That increased Flannery’s stake in the company to 683,026 shares, representing about 0.01% of the 8.67 billion shares outstanding as of Sept. 30. Flannery stepped in to buy after the stock plunged 12.6% in two days, the biggest two-day selloff in 8 1/2 years, after his plan to turn the company
Here's a question that will give you agita: Are you on track to have 10 times your last salary saved by the time you retire? For many Americans, the answer is "absolutely not." Consider that the median household income was $59,039 in 2016, according to data from the U.S. Census. Meanwhile, the personal saving rate — that is, savings as a percentage of disposable personal income — was 3.1 percent as of the end of September, according to the Bureau of Economic Analysis. Most recently, a Nov. 1 tweet from Jean Chatzky, financial editor of NBC's Today show, sparked commentary on Twitter. Those expectations don't fit the reality of slow wage growth and high costs of living. Would-be savers are encumbered
Shares of Toshiba Corp fell nearly 5 percent early on Monday, a day after the troubled conglomerate said it would raise 600 billion yen ($5.4 billion) from a sale of new shares in a key step that would allow it to stay publicly traded. Toshiba's board met on Sunday to approve the plan, which would plug a balance sheet hole left by the company's bankrupt U.S. nuclear power business. The share sale - to 60 overseas investors and amounting to roughly half the company's current market value - combined with tax write-offs would boost Toshiba's assets back above liabilities.
A little more than a decade ago, Microsoft (MSFT) helped out a promising social media outfit called Facebook (FB) with $240 million in capital. Microsoft may reap billions in the coming years as it harvests gains from the investment, MoffettNathanson LLC analyst Adam Holt suggested in a recent report. Microsoft CFO Amy Hood noted during the company's recent earnings call that the tech giant is taking "gains in our equities portfolio." Sales of equities drove Microsoft's "other income" line to to $450 million in the recent quarter, up from an already-higher-than-expected $215 million in the prior three-month period. Reading between the lines, Holt suggested that Microsoft is likely tapping its
Retirement is right around the corner for baby boomers — if they haven’t already entered it — yet so many are financially unprepared. Baby boomers, or those born between 1946 and 1964, expect they’ll need $658,000 in their defined contribution plans by the time they retire, but the average in those employer-sponsored plans is $263,000, according to a survey of 900 investors by financial services firm Legg Mason. Older boomers, who are 65 to 74, have an average of $300,000. Their asset allocation for all of their investments are also conservative, according to QS Investors, an investment management firm Legg Mason acquired in 2014, with 30% in cash, 24% in equities, 22% in fixed income, 4% in
All looked lost for Nelson Peltz and his epic battle for a board seat at Procter & Gamble (PG) . Initially, results issued last month by the iconic American packaged goods company showed that the activist investor had just under 50% of the vote. However, in a significant reversal, P&G conceded Wednesday that tabulations produced by IVS Associates, its independent inspector of elections, showed Peltz was "ahead" with a minuscule lead of 42,780 shares, or about 0.0016% of the total vote tally. The packaged goods company said that the results are still "preliminary" and subject to review," suggesting that it wasn't yet fully ready to concede defeat. However, the vote is so incredibly close that