U.S. Housing and Urban Development Secretary Ben Carson testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing on September 10, 2019 in Washington, DC. Zach Gibson | Getty Images The Department of Housing and Urban Development’s internal watchdog cleared Secretary Ben Carson of wrongdoing after investigating a planned purchase of more than $31,000
Month: September 2019
French economist Thomas Piketty poses during a photo session in Paris on September 10, 2019. Joel Sagat | AFP | Getty Images A popular French economist says billionaires are harmful to economic growth and would be effectively abolished under his tax plan, according to an interview. Thomas Piketty, whose 2013 book on inequality, “Capital in
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is beefing up its technology team with a top Amazon cloud executive. The New York investment bank announced on Thursday it would hire Marco Argenti
Saying thank you with cash has always been a little tricky. Although etiquette experts suggest tipping 15% to 20% for most services, some people are more generous than others and many aren’t giving a gratuity at all. Among all diners who leave tips, the average was 19%, according to a study by CreditCards.com. Men also
© 2019 Bloomberg Finance LP The US-China trade war has provided Indian Prime Minister Modi with an opportunity he couldn’t refuse: to change the game in Kashmir for China and Pakistan. Back in August New Delhi terminated Article 370 of the Constitution, asserting its power in the disputed Kashmir region. This week, India called on
. Senator Elizabeth Warren (Photo by Nic Antaya for The Boston Globe via Getty Images) Getty Senator Elizabeth Warren released a Social Security expansion plan on the morning of September 12, the day of the next Democratic presidential primary debate. David Leonhardt of the New York Times was among the first to report about it.
Billionaire Ken Griffin’s penthouse purchase (pictured here) reignited talks of a pied-a-terre tax in New York earlier this year. Sen. Brad Hoylman plans to bring the bill back in 2020. (Photo by TIMOTHY A. CLARY / AFP) (Photo credit should AFP/Getty Images The pied-a-terre tax has reared its head again, with New York Sen. Brad
Daenerys Targaryen is one of the key characters that can speak High Valyrian in Game of Thrones. Source: HBO There’s another “Game of Thrones” prequel series in the works, according to several reports, and this one will focus on the Targaryen family. Deadline, the Hollywood Reporter and Variety all reported Thursday that the show is
andresr | E+ | Getty Images Friday’s August retail sales report is the last big economic report before the Fed begins its two-day meeting Tuesday, and it could be muddied by the Amazon Prime Day promotions that sent July sales sharply higher. Economists expect a gain of just 0.2%, after a much better than expected
Apple‘s iPhone extravaganza is still the biggest product event of the year for a simple reason: The iPhone remains the single most successful hardware product of the PC era. So what happened this week? Three new iPhones were announced: The iPhone 11, 11 Pro and 11 Pro Max. A new Apple Watch with a screen
The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday. The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.
On Thursday night’s Democratic debate stage, at least one candidate might mention the idea of supplying you with free cash simply for being a U.S. citizen. So what gives? The concept of universal basic income — generally a set amount of money that all people receive monthly, no strings attached — is not a new
Opening a new business takes planning, time, money and passion. PeopleImages | E+ | Getty Images If you’re your own boss, chances are you aren’t doing enough to save for retirement. Just over 1 in 10 of self-employed individuals in a single-person business is currently participating in a workplace retirement plan, according to data from
A power of attorney can be a powerful document. Yet, it is often overlooked in estate planning. People tend to focus their energies on their wills and trusts, naming someone to serve as their power of attorney at the last minute. This is an important decision and not one that should be taken lightly. Here
If a person suffers damages, the person retains an attorney to pursue a remedy. But, what happens when there is no individual who has suffered damages but it is the public in general that is harmed? That is, a public interest issue. It is a state’s attorney general (or a district attorney) who prosecutes public
Home agents are using a calculator to calculate the loan period each month for the customer. Getty When you’re applying for a mortgage, your interest rate can have a huge effect on your monthly payment. With home loans, there are two different ways that your interest rate can be calculated. You can either get a
An interview with billionaire president and COO of Blackstone, Jonathan Gray. In this interview, Jonathan discusses the future of Blackstone and the new investment strategies it is implementing. Jonathan also talks about scaling and the economy. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Private Equity investor videos:⬇ Steve Schwarzman
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Some market moving events unfolded between the close of U.S. stock markets on Wednesday and the open on Thursday. With both the Dow
Oracle said Mark Hurd, one of the software vendor’s two CEOs, is taking a leave of absence for health reasons, nine years after joining the company from Hewlett-Packard. The stock dropped in extended trading after the announcement. Larry Ellison, Oracle’s founder and chief technology officer, will handle Hurd’s responsibilities along with Safra Catz, the other
Once again President Trump berated the Federal Reserve via Twitter on Wednesday, this time calling for the central bank to immediately cut interest rates to zero. The president said this would offset the effects of the monetary stimulus being pursued by other central banks and allow the federal government to refinance its outstanding debt at
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