Yunus Arakon | E+ | Getty Images Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors. State and federal authorities uncovered 60 alleged Ponzi schemes last year with a total
Month: February 2020
William “Bill” Gerstenmaier in his former role as NASA Associate Administrator for Human Exploration and Operations. NASA/Bill Ingalls SpaceX is only a couple of months away from its first attempt at launching astronauts and the company has brought in one of the foremost experts in human spaceflight to help it do so successfully. William Gerstenmaier,
Once you reach age 65 and are eligible for Medicare, sorting through your options can be tricky. Add in any layer of complexity to the maze — i.e., jumping in and out of the workforce, dropping and picking up coverage — and look out. The program comes with rules — lots of them. And if
A Ford Escort on display at a Ford dealership in Shanghai, China, on Thursday, July 19, 2018. Qilai Shen | Bloomberg | Getty Images Several automakers on Monday reopened or are preparing to restart factories in China after an extended holiday shutdown due to the coronavirus, which is now responsible for more than 900 deaths
Monzo co-founder and CEO Tom Blomfield. Monzo Tom Blomfield doesn’t think big banks will ever undergo a digital transformation. The British fintech entrepreneur says banking behemoths like Barclays and HSBC are saddled with outdated technology and a risk-averse culture to respond to the challenge that upstarts like his digital bank, Monzo, present. “The banks really
The outbreak of the coronavirus is a “true black swan” for the oil and energy market, and as crude prices continue to move lower the worst may not be over yet, Ned David Research said in a note to clients Monday. Analyst Warren Pies noted that the outbreak has reduced Chinese demand for oil by
NICHOLAS KAMM As student debt continues to climb, President Donald Trump released a budget for 2021 on Monday that would slash many of the programs aimed at helping borrowers. Student loan spending would be cut by $170 billion in Trump’s plan, titled “A Budget for America’s Future.” The cuts include “sensible annual and lifetime loan
A woman wearing a protective mask looks at her mobile phone while waiting for transport at Hongqiao high-speed railway station before Lunar New Year in Shanghai, China, Jan. 22, 2020. Qilai Shen | Bloomberg | Getty Images China has released a mobile app that tracks people and alerts them if they have been in “close
People pass by the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Chegg – The American education technology company’s stock dropped more than 4% in extended trading despite reporting financial results that beat on the top and bottom line. The company reported a fourth-quarter profit of
Kang-ho Song, Hye-jin Jang, Woo-sik Choi, So-dam Park in the movie “Parasite.” Source: Parasite In “Parasite,” the South Korean thriller that took home four Oscars Sunday night, including the award for best picture, the tension between rich and poor is on full display, juxtaposing the luxury and abundance of the haves with the hardship and
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images TD Ameritrade‘s millennial investors were attracted to a somewhat surprising stock in January: ExxonMobil. “One of the most bought stocks by our millennials,” JJ Kinahan, the brokerage firm’s chief market
Donald Trump Carlo Allegri | Reuters Whether you love or hate the Tax Cuts and Jobs Act, President Donald Trump wants to keep the tax overhaul going. The president released his proposed budget for 2021 on Monday. In the spending plan, the President is calling for an extension of the individual tax cuts set to
Hospital staff in protective garments walk at a checkpoint to the Hubei province exclusion zone at the Jiujiang Yangtze River Bridge in Jiujiang, Jiangxi province, China, as the country is hit by an outbreak of a new coronavirus, February 1, 2020. The banner reads: ‘Committed to the fight to prevent and control the epidemic’. Thomas
A Popeyes restaurant is seen on in Washington D.C. Eric Baradat | AFP | Getty Images The return of Popeyes’ chicken sandwich helped parent company Restaurant Brands International top analysts’ expectations for its quarterly earnings and revenue. Shares of the company jumped nearly 4% in premarket trading on Monday. Here’s what the company reported compared
A volunteer measures a passenger’s body temperature. In light of a coronavirus outbreak in China, Hong Kong district councillors and residents formed makeshift quarantine stations, screening passengers arriving from China, Feb. 4, 2020. Willie Siau | SOPA Images | LightRocket | Getty Images Concern about the coronavirus is weighing heavily on the outlook for first
As big endowment funds face mounting pressure to reduce their exposure to the fossil fuel industry, there’s one thing making their decision easier: the energy sector’s underperformance. In the last ten years, the S&P energy sector gained just 1% as low oil prices, high operational costs and shifting consumer sentiment set off a wave of
Guido Mieth | DigitalVision | Getty Images About 40% of older Americans rely exclusively on Social Security for retirement income, according to recent research from the National Institute on Retirement Security. It’s an attention-grabbing statistic. And one expert in particular, Andrew Biggs, resident scholar at the American Enterprise Institute, finds it hard to believe. Much of
“Parasite” producers Kwak Sin-ae (L) and Bong Joon-ho (R) accept the award for Best Picture for “Parasite” during the 92nd Oscars at the Dolby Theatre in Hollywood, California on February 9, 2020. MARK RALSTON For the first time ever a non-English language film has won the best picture Oscar at the Academy Awards. On Sunday,
The 92nd Oscars® broadcasts live on Sunday, Feb. 9,2020 at the Dolby Theatre® at Hollywood & Highland Center® in Hollywood and will be televised live on The ABC Television Network at 8:00 p.m. EST/5:00 p.m. PST. Eric McCandless The 92nd annual Academy Awards marks the end of a shorter-than-normal award season on Sunday night. The
A Chinese man wears a protective mask as he walks during a snowfall in an empty and shuttered commercial street on February 5, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern Standard Time. Total confirmed cases: 37,592 Total
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