Lilium’s electric air taxi, the Lilium Jet, is seen traveling at speeds of up to 100kmh (62mph) in new footage released by the firm. Lilium German aviation start-up Lilium is showing off footage of its electric air taxi soaring through the air at speeds of up to 100 kilometers per hour (62 miles per hour).
Month: October 2019
Guests have their faces scanned at the World Artificial Intelligence Conference in Shanghai in August, 2019. Hector Retamal | AFP | Getty Images BEIJING — China struck a confident tone Tuesday in the face of new challenges from the U.S. to Chinese technological development. Amid ongoing trade tensions between the two countries, U.S. President Donald Trump’s
Getty Images The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world’s wealth, according to a new study. Despite the trade wars, slowing global growth and the volatile stock markets, the total number of millionaires in the world increased
A woman takes a selfie with a dog Ezequiel Becerra | AFP | Getty Images A company responsible for keeping pets healthy may have just won earnings season. PetMed Express soared more than 30% on Monday after the online pet pharmacy said its quarterly profit topped Wall Street’s estimates. The company reported earnings of 33
Don Bayley | iStock / 360 | Getty Images You’ve heard that you shouldn’t cry over spilled milk. But what about money? A new study from CompareCards.com found that about 7 in 10 Americans have shed tears about their finances. Debt is the biggest source of stress, according to the survey, with 31% saying household
After decades of calls to fix Social Security by reducing benefits, Social Security expansion’s time has come. The idea has certainly been on a roll. Eight years ago increasing Social Security benefits was a fringe position; four years ago only outsider candidates like Sen. Bernie Sanders advocated for it. Today, expanding Social Security is the
Economic Security Planning, Inc. Today’s column address whether to take retroactive benefits at 70, spousal benefits before retirement benefits, divorced spousal benefits with a public pension, when spousal benefits become available and filing early to allow spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
“A promise to build lots of homes makes good headlines around election time.” 123rf.com With the prospect of an early General Election on the cards, the followers of the two main parties are expecting a lot of housebuilding as a consequence – at least if you buy into the promises being made. Labour Party Shadow
CNBC’s Jim Cramer breaks down how certain stocks are serving as catalysts in their respective sectors. The “Mad Money” host takes a look at chart action in the S&P 500 to get a read on where the index and market is headed. He sits down with the new CEO of StockX Scott Cutler, formerly of
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images WeWork but WeDon’tGetPaid. That’s the grim reality J.P. Morgan Chase bankers are facing now that WeWork is close to accepting a deal to
Former Treasury Secretary Larry Summers, one of the economic pillars of the Democratic establishment, lashed out at the idea of a wealth tax, saying it was bad economics, bad policy and built on bad data. Speaking at a Peterson Institute panel on inequality in Washington on Thursday, Summers said that the type of wealth tax
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
Guido Mieth | DigitalVision | Getty Images Raymond James‘ independent registered investment advisors have reason to cheer. The firm announced on Monday that it is eliminating transaction fees for stocks, exchange-traded funds and options in a division serving those professionals. The move was announced on Monday at a conference in Bonita Springs, Florida, for the
Ken Fisher Crystal Mercedes | CNBC Fidelity has terminated a $500 million relationship with Fisher Investments, bringing the total yanked from the money manager to almost $1.8 billion. Officials at the giant Boston-based asset manager confirmed it would end its relationship with Fisher on Monday, in light of inappropriate comments founder Ken Fisher made at
Getty Images | Hero Images A side hustle can be a good way to make some extra cash, stretch your entrepreneurial wings and perhaps eventually become a full-time business owner. It can be anything from blogging to being an Uber driver or a handyman. A side hustle is usually in addition to another “main” job.
Getty Is the double taxation of dual residents fair? The U.S. Supreme Court recently declined to consider two cases brought by Connecticut taxpayers who sold their businesses and had to pay taxes on the sale gains in both Connecticut and New York. That leaves in place a double-taxation scheme that tax experts thought the Supreme
Share to facebook Share to twitter Share to linkedin The Supreme Court could take the case up during its current term. (Photo by Win McNamee) Getty Images Topline: President Donald Trump’s legal team and the Manhattan district attorney trying to get his tax returns came to an agreement Monday that could send the case up
Share to facebook Share to twitter Share to linkedin The WeWork saga could finally be over. Getty Images Topline: After months of uncertainty surrounding WeWork’s meteoric rise and fall, the company will now fall to an $8 billion valuation after it accepted a bailout offer from its largest shareholder, Japanese investing conglomerate SoftBank, CNBC first
Nearly two decades ago, fashion industry professionals Monica Zwirner and Lucy Wallace Eustice decided to launch their own company to fill a hole they detected in the bag market — the need for accessories that are every bit as functional as they are stylish. As co-founders ofMZ Wallace, they did just that. Since launching in
Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas. Cooper Neill | Reuters Halliburton reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers in North America, its biggest market. Revenue from North America fell 21% in the third
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