United Airlines on Friday pulled the Boeing 737 Max from its schedule until Sep. 4 and expects to cancel more than 7,700 flights from June through September, after the manufacturer warned last month that it doesn’t expect regulator approval for the planes until mid-year. American Airlines followed suit with a schedule adjustment on Friday, removing
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Goodboy Picture Company A hot tax-advantaged opportunity is making the rounds among financial advisors. Just make sure you don’t overlook the risks. The Tax Cuts and Jobs Act, which went into effect in 2018, established so-called qualified opportunity zones — economically disadvantaged areas across the country. Funds specializing in qualified opportunity zones allow people to
A man runs past the New York Stock Exchange (NYSE). Bloomberg The portfolio manager who helps run a mutual fund that consistently beats the market and its peers said the key to his success is being able to wait for stocks to pop. The D.F. Dent Premier Growth Fund, which has returned over 15% annually
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images The Trump administration may stop exporting jet engines manufactured partly
Anthony Wood David Orrell | CNBC Roku reported earnings for its fourth quarter of 2019 Thursday that beat analyst estimates for quarterly revenue and included a lower loss per share than analysts expected. Shares of Roku rose as much as 9% after hours on the report but later settled around 5%. Here are the key
Josephine Skriver attends the debut of Victoria’s Secret’s new fall collection at Natick Mall on August 17, 2019 in Natick, Massachusetts. Taylor Hill | Getty Images Talks to sell L Brands‘ Victoria’s Secret brand to private equity firm Sycamore Partners will spill into next week, as the complex deal structure creates headaches for its advisors,
Printer ink can sometimes cost more than the printer itself. We talk with a former editor of the Recycler to find out why printer ink is so expensive. MORE SO EXPENSIVE CONTENT: Why Oil Paint Is So Expensive | So Expensive Why Pink Himalayan Salt Is So Expensive | So Expensive Why Supreme Is So
The Royal Air Force is leaping towards the future with the arrival of the new F35 fighter jets but the threat picture is shifting fast and uncertainty surrounds the UK defence budget. As the RAF marks its 100th year the FT’s David Bond explores what all this means for British air power. ► Subscribe to
For nearly 40 years, Geoff Hinton has been trying to get computers to learn like people do, a quest almost everyone thought was crazy or at least hopeless – right up until the moment it revolutionized the field. In this Hello World video, Bloomberg Businessweek’s Ashlee Vance meets the Godfather of AI. #BloombergHelloWorld ——– Like
99 Cents Fresh Pizza offers the most economical slice in NYC while Nino’s Bellissima sells the most luxurious pie at $1,000.
Netflix, Apple TV and Prime Video. egadolfo I signed up recently for a clothing subscription service called NUULY. The company lets you wear six items a month for $88. But what the service provides me feels deeper. For that fee, I can arrive to a date in a $860 designer coat, which wouldn’t normally be
Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020. Qilai Shen | Bloomberg | Getty Images Tesla priced its secondary common stock offering at $767 a share, raising more than $2 billion, the company said on Friday. The move will
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from
Marijuana plants grow in the Mother Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada, on Tuesday, Dec. 19, 2017. Chris Roussakis | Bloomberg | Getty Images Canopy Growth said on Friday it will focus on reducing costs as the pot producer struggles with a slump in weed prices from oversupply and
This is a live blog. Please check back for updates. Total confirmed cases: More than 64,000Total deaths: At least 1,380 9:03 am: Virus risk to US is ‘very low,’ but that could change ‘rapidly,’ Azar says The American public’s risk of getting infected with the new coronavirus is “very low” but that could change “rapidly,”
Many Americans seem to be addicted to income tax refunds, even though financial planners often advise having less tax withheld from your pay throughout the year as the better way to manage your cash flow. Nearly two-thirds of taxpayers — more than 111 million Americans — received a refund from the Internal Revenue Service last
Andre Iguodala, Golden State Warriors and author. Adam Jeffery | CNBC Andre Iguodala has built a reputation that goes far beyond his on-court defense. The three-time NBA champion also has amassed an investment portfolio of more than 40 companies. Iguodala has invested in Allbirds, Casper and Jumia, but he told CNBC on Friday his best
Wall Street used to be full of traders. Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football fields. Now, they’re losing money on trading operations and laying
Simon Dawson | Bloomberg | Getty Images AstraZeneca forecast a likely slowdown in revenue growth this year, assuming a hit from China’s coronavirus epidemic lasting up to a few months, although it added there had been limited disruption to its operations so far. Shares in the company, one of the world’s major drugmakers, tumbled as
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Simon Property Group is on a buying spree as America’s mall operators grapple with declining foot traffic and some struggle to keep their doors open. The biggest mall owner in the U.S. is close to
With thousands of store closures in the last three years and petitions against Subway from its franchise owners, the fast-food chain with the most locations globally seems to be on the rocks. We unpack what’s going on and where Subway’s headed from here. MORE FAST FOOD CONTENT: Animated Map Shows Where Your Favorite Coffee Actually
► Visit our brand new YouTube channel, FT Life at: http://bit.ly/2qzoKSt Prime Minister Theresa May has brought forward the UK’s next general election. The FT’s Henry Mance explains why and how the country votes for its government Credits: Graphics by Russell Birkett. Produced by Seb Morton-Clark. ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to
The horror author says writing is a form of self-hypnosis and having a daily routine helps him fall into a trance.
For a long time it’s been said “fusion is the energy of the future. And always will be”. But now, with an influx of private investment, fusion startups are in the race for the holy grail of energy – limitless, clean power. A company based in Oxford, U.K. believes they’re close. #BloombergGiantLeap #Science #Technology ——–
Tetra Images | Getty Images In a world where much of consumer banking has gone high-tech, the most costly scams involve an old-school tool: checks. At about $2,000 a pop, fake-check scams cheated consumers out of more than $28 million in 2019, according to the Federal Trade Commission. That per-instance amount is more than six
Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
Martha’s Vineyard, Nantucket and Block Island are classic New England islands. Framed by white sand beaches, these photogenic locations are dotted with Victorian architecture and Federal-style brick mansions built by sea captains and industrialists who profited from the once-thriving whaling trade. Lighthouses, dramatic bluffs and windswept dunes complete the alluring picture that keeps tourists coming
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku – Shares of the streaming company jumped 5% in extended
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.45, adjusted, vs. $1.44 expected Revenue: $20.67 billion, vs.
Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Mattel turned in mixed fourth-quarter results after holiday revenue was weighed down by continuing sales declines in its American Girl and Fisher-Price brands. The company’s stock initially dropped, but now was up about 5% in extended trading, after posting the results. Sales during
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