First, Ray Dalio foresaw the 2008 financial crisis. Then, he predicted years of long-term financial strain on the U.S. economy from the Covid pandemic. Now, the 72-year-old billionaire investor who built Bridgewater Associates into the world’s largest hedge fund is warning of a new economic catastrophe on the horizon — and he wants you to
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The company’s YAM-2 spacecraft during integration for launch. Loft Orbital Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock. The San Francisco-based company launched its first missions to space earlier this year, with Loft planning to use the new capital to scale its
maybefalse | E+ | Getty Images Whether you drew up a will recently or years ago, keep in mind it’s generally not something you can set and forget. Experts recommend revisiting your will and other estate-planning documents at least every few years unless there are reasons to do it more frequently — which is common.
Jose Luis Pelaez | Iconica | Getty Images As Congress wrestles over changes to the $10,000 cap on the federal deduction for state and local taxes, known as SALT, many business owners already qualify for a workaround. Enacted by the Tax Cuts and Jobs Act in 2017, the SALT cap has been a pain point
Maskot | Maskot | Getty Images For parents who have a child with special needs, planning for their loved one’s life after they themselves are gone can be overwhelming. Breaking the process down into manageable parts and working with specialized professionals and companies can help. “The three main structures a family should put in place
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Heading into 2022, the Federal Reserve is stuck in a game of chicken with the U.S. economy. Sectors such as energy and autos are hitting double-digit inflation rates, which are piling costs on for consumers.The central bank first said the eye-popping inflation figures reported in late 2021 are “transitory,” although it is now dropping that
In this article @NG.1 A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas futures plunged more than 10% on Monday, falling to the lowest level since August on forecasts for
zimmytws | iStock | Getty Images The federal government could reach the maximum amount of money that the U.S. Department of the Treasury is allowed to borrow as soon as Dec. 15. If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big ramifications for the timeliness of government
In this article 3333-HK A housing complex by Chinese property developer Evergrande in Beijing. Noel Celis | AFP | Getty Images Evergrande is set to forge ahead into a restructuring that would include all of its offshore public bonds and private debt, according to analysts. The troubled real estate developer, swamped by $300 billion of
Penn National Gaming: “That stock has been crushed. it’s down more than 40%. I have to tell you, we’re in the height of the gambling season coming up. Penn Nat and DraftKings, they may go down later, but right now I think to sell them is a mistake. Whoa, they’re bad, but to sell them
In this article MDB Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC Shares of database software maker MongoDB were up as much as 18% in extended trading on Monday after issuing fiscal third-quarter results. Here’s how the company did: Earnings: Loss of 11 cents per share, adjusted, vs. a loss of 38 cents per
Stock futures were flat in overnight trading on Monday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant. Futures on the Dow Jones Industrial Average rose just 15 points. S&P 500 futures and Nasdaq 100 futures were both little changed. The overnight session followed
Betsie Van Der Meer | Getty Images Struggling to find last-minute holiday gifts that won’t be delayed by supply chain issues? One simple way to help children or relatives start investing is to gift them stocks or other financial assets. “If you’re looking at it as a Christmas gift or a holiday gift for a
A “For Rent” sign posted in front of an apartment building on June 02, 2021 in San Francisco, California. Justin Sullivan | Getty Images Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading
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An American Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, April 7, 2021. Mike Blake | Reuters Boeing, airlines and other travel stocks surged on Monday after health experts shared early signs that the omicron variant of Covid may be causing milder symptoms
Ben Rains discusses Wall Street’s wild up-and-down ride that began on Black Friday. The episode then dives into Lululemon (LULU) and FedEx (FDX) ahead of their financial releases to see if either stock might be worth buying at the moment. (0:30) – Stock Market Update: Everything You Need To Know (3:45) – Lululemon Continues To
In this article KSS GCP MS UAL SAVE A jet from American Eagle, a regional branch of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia, December 3, 2021. Chris Helgren | Reuters Check out the companies making headlines in midday trading. Airlines — Airline stocks
Max Scherzer, left, and Will Smith of the Los Angeles Dodgers celebrate after beating the San Francisco Giants 2-1 in game 5 of the National League Division Series at Oracle Park on October 14, 2021 in San Francisco, California. Thearon W. Henderson | Getty Images Major League Baseball deal-making came to a screeching halt at