Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images One of the biggest market bears on Wall
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A Boeing 737 passenger plane with 180 aboard crashed in Iran after take-off, according to Iranian news agencies. Iran’s Fars News Agency reported that the Ukrainian plane crashed due to technical problems after taking off from Iran’s Imam Khomeini airport. The plane belonged to Ukranian Airlines, according to ISNA, another Iranian news agency. CNBC has
Boeing Chief Executive Dennis Muilenburg testifies before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX after two deadly 737 MAX crashes killed 346 people, on Capitol Hill in Washington, October 29, 2019. Sarah Silbiger | Reuters It’s official — 2019 was the year of CEO exits. Thanks
►Subscribe to the Financial Times on YouTube; http://bit.ly/FTimeSubs The city’s skyline has been transformed by startling glass-and-steel structures during the past decade – but are these towers right for London? Edwin Heathcote looks for answers. ► UK Immigration – The Facts: http://bit.ly/1e80LTj ► FT Business: http://bit.ly/1KUK08s ► FT World News: http://bit.ly/1Exp0iJ
Consumers would face fewer hurdles in trying to discharge debt through bankruptcy under a new plan from one of the Democratic presidential hopefuls. Sen. Elizabeth Warren, D-Mass., released a proposal Tuesday that aims to undo parts of a 2005 law, such as higher fees and more paperwork, that she says made it harder for individuals
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations,
A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Daniel Acker | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely strategic roles across the New York-based
The Rolls-Royce Cullinan at the Geneva International Motor Show 2019. Martyn Lucy | Getty Images Rolls-Royce had its best year ever in 2019, driven in large part by its three-ton SUV that sells for over $400,000. The company, a division of BMW, said it sold 5,152 cars last year, the most in its history. That
DETROIT – As Tesla CEO Elon Musk showed off his dance moves Tuesday to celebrate the launch of the Model Y in China, no such festivities were likely occurring in Detroit. Shares of Tesla have roughly doubled in the last six months, giving the Silicon Valley automaker a market capitalization of roughly $84.4 billion as
Eight months on a cruise ship — could you do it? For some, it’s an unimaginably long time at sea, while for others continuous cruising has become a way of life. For well-off and time-rich travelers, there’s a hunger not only for expeditions to novel, remote and less-accessible destinations, but also a growing interest in
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | Getty Images Is Apple due for a pullback after its nearly 90% surge last year? Longtime technology analyst Dan Ives doesn’t believe so. In fact, the Wedbush
Hero Images | Getty Images New parents will have one new source to tap for money — their retirement savings. The Secure Act, which was passed by Congress in December, is ushering in some of the biggest changes to retirement savings since the Pension Protection Act of 2006. But experts warn that tapping your retirement
Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla will begin delivering its Model 3 cars made at its Shanghai factory to Chinese consumers on Tuesday amid a
European shares are set to open higher on Tuesday amid an easing of concerns over geopolitical tensions in the Middle East. Britain’s FTSE 100 is seen rising 45 points to 7,607, Germany’s DAX climbing 70 points to 13,187 and France’s CAC lifting 32 points to 6,042, according to IG index data. Market focus is largely
It’s news to no one that Congress has had a hard time passing legislation in recent years. Some have even asserted that partisanship in Washington has reached historic levels. But how do we put the current divide in perspective? A group of researchers recently tried to quantify and visualize House partisanship in a paper published
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Containers transporting everything from shoes to aerospace parts make over 200m journeys a year by ship, truck and train. In the second video in the FT’s 50 Best Business Ideas series, David Pilling, Asia Editor, explains why standardised containers revolutionised world trade by minimising transport costs.
Lockheed Martin F-35 Joint Strike Fighter Lightning II Robert Sullivan | FlickrCC Shares of defense companies outperform the broader market in the six months following a crisis event in the Middle East, according to an analysis by CNBC. Defense stocks have risen since a U.S. airstrike killed Maj. Gen. Qasem Soleimani, Iran’s top military commander,
lovelyday12 | Getty Social Security benefits are helping to narrow the gap between the haves and have-nots who are approaching retirement. But they don’t go far enough. That’s according to new research from The New School Schwartz Center for Economic Policy Analysis in New York. The analysis took a look at one age group in
An employee picks up a Juul Labs device kit for a customer at a store in San Francisco. David Paul Morris | Bloomberg | Getty Images Juul’s tapped its brand new chief financial officer to run the embattled e-cigarette maker’s $1 billion restructuring effort, the company confirmed to CNBC on Monday. Guy Cartwright, who became
Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Escalated geopolitical tensions swooped in and spoiled the market’s party in the new year, and Wall Street analysts warned the sell-off might be just beginning. After a historic run in 2019 and a strong first day of 2020, the S&P 500
Vanguard signage at a Morningstar Investment Conference. M. Spencer Green | AP Low-cost investing pioneer Vanguard has finally followed other peer brokerage firms in eliminating stock commissions entirely. Charles Schwab was the first major broker to give investors zero-commission online trades, pressuring rivals to follow suit. Schwab announced on Oct. 1 that commissions would go
Prasert Krainukul If you think that Republicans and Democrats can’t see eye to eye these days, try sitting in a room with financial professionals who are for and against annuities. The inability to agree is real. And both sides hold steadfast to their positions. Annuities are insurance or investment contracts that give investors regular payments
European stocks are set to open lower on Monday, as investors monitor rising tensions between the United States and Iran. Britain’s FTSE 100 is seen falling 34 points to 7,580, Germany’s DAX slumping 110 points at 13,092, and France’s CAC dropping 43 points to 5,983, according to IG index data. Market players are fleeing riskier
Deep in the valleys forged by the waters of Asia’s Red River, a series of colorful mountain villages are encircled by fields of towering rice terraces. The fields are agricultural feats of precision — rugged mountains blanketed with emerald stairways that, seemingly, ascend to the heavens above. Mu Cang Chai, Vietnam. Ratnakorn Piyasirisorost But this
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Netflix may have scored the most nominations for the 2020 Golden Globes, but it was AT&T, Disney, Sony and ViacomCBS that won the night. The streaming service garnered 17 nominations, the most of any single studio,
Investors should hold off from buying stocks Friday, even as U.S. stocks opened lower after an American airstrike killed Iran’s top military general, CNBC’s Jim Cramer said. “I would not be excited about jumping in here because … we’re not giving up enough,” Cramer said on “Squawk on the Street.” The “Mad Money” host said caution is extremely important
For older Americans, required minimum distributions from retirement accounts are undergoing a bit of a makeover. On top of the age rising to 72 from 70½ for when those annual withdrawals must begin — effective this year, due to congressional approval of the Secure Act — updated life expectancy tables proposed by the IRS for
Anna in “Frozen II.” Disney Disney has continued its domination of the 2019 box office into 2020. On Sunday, “Frozen II” became the highest-grossing animated film of all time. With a $1.32 billion haul since its release in November, “Frozen II” has surpassed “Frozen” as the top animated film at the global box office. “Disney’s
A worker walks at the Nahr Bin Umar field, Iraq. Essam Al-Sudani | Reuters The latest flare-up in U.S.-Iran relations could bring about the end of the longest bull market ever if crude prices keep surging, slowing an already fragile global economy even further. But investors cautioned we’re not yet at that point. The last
kate_sept2004 It’s about to get a little easier for you to figure out how to break even or get a bigger tax refund from Uncle Sam. The IRS kicked off the new year with a revamp of its tax withholding estimator tool, a calculator that helps you fine-tune the amount of federal income taxes that
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