Nassim Nicholas Taleb, New York University professor and author Jerome Favre | Bloomberg | Getty Images Nicholas Nassim Taleb has reversed his stance on bitcoin. The “Black Swan” author said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, a
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A Social Security Administration office in San Francisco. Getty Images There’s new leadership at the Social Security Administration. A number of retirement advocates are applauding the move. President Joe Biden fired Social Security Commissioner Andrew Saul on July 9. Saul, an appointee of former President Donald Trump, locked heads with Democrats earlier this year over
A unit of TIAA, the investment firm that runs retirement plans for many educators and others, will pay $97 million to settle charges from both the Securities and Exchange Commission and New York State that it misled thousands of investors. Attorney General Letitia James of New York said the company had “relied on its reputation
The revived New York City real estate market is seeing strong demand and attractive prices relative to recent history, a top broker told CNBC on Tuesday. “The story that I’m seeing across the board: All segments are transacting. New York is back, and people want to be here,” Christopher Kromer, a broker with Brown Harris
Investors should be watching more than just the big banks this week.
A Company With an Improving Business Trend and Another Outpacing its Industry.
In this article AAL American Airlines flight takes off from Miami, Florida. Marco Bello | Reuters American Airlines forecast it will report a “slight” pretax profit for the second quarter and better revenue than it previously estimated, sending shares higher. American’s stock was up more than 1% in after-hours trading Tuesday. The carrier is expected
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, at a luncheon hosted by The Economic Club of Chicago on November 22, 2017 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings:
A used car dealership is seen in Laurel, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images Price increases in used cars, car rentals,
For two decades, former New York Yankees star C.C. Sabathia was one of the best and highest-paid pitchers in Major League Baseball, grossing more than $260 million throughout his career until he retired in 2019. In 2008, Sabathia signed what was then the largest contract for a starting MLB pitcher: a seven-year, $161 million deal. In his
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology
Pascal Broze | ONOKY | Getty Images Rising inflation has startled many retirees, who now worry about outliving their savings. The consumer price index for June, measuring the cost of food, gasoline, housing, utilities and other goods, increased by 0.9%, the largest one-month change since June 2008, according to the Labor Department. Although Federal Reserve
Bill Oxford | E+ | Getty Images Roughly 4 million refunds will be sent this week to people who overpaid taxes on their 2020 unemployment benefits, the IRS announced Tuesday. Due to the $1.9 trillion American Rescue Plan Act, which became law in March, up to $10,200 in 2020 unemployment compensation was excluded from taxable
In 2020 and 2021, Congress enacted three rounds of economic impact payments (EIPs) for direct relief to households amidst the pandemic-induced downturn. Survey data from the U.S. Census Bureau indicates that households increasingly saved their EIPs or used them to pay down debt rather than spend them. About 90 percent of tax filers and millions
In this article RGP-GB Stephen M. Ross attends The Wall Street Journal’s Future Of Everything Festival at Spring Studios on May 20, 2019 in New York City. Nicholas Hunt | Getty Images A super PAC funded largely by billionaire Stephen Ross racked up a winning record in New York’s city council primaries, a sharp reminder
Commercial space tourism will get a boost from Branson and Bezos.
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this article VOW3-DE Technicians work in the final inspection line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Half of Volkswagen’s sales are expected to be battery-electric vehicles by 2030, the German carmaker said Tuesday. By 2040, the company said almost 100% of its
In this article GSBD David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs is set to report its second-quarter earnings before the
In this article BA JPM PEP Check out the companies making headlines before the bell: PepsiCo (PEP) – The snack and beverage giant gained 1.3% in premarket trading, after beating estimates on the top and bottom lines and raising its full-year forecast. PepsiCo earned an adjusted $1.72 per share for the quarter, 19 cents above