UAW President Gary Jones and GM CEO and Chairman Mary Barra shaking hands at the event. Source: General Motors DETROIT – United Auto Workers members overwhelmingly granted union leaders authorization to strike during contract negotiations this year with General Motors, Ford Motor and Fiat Chrysler, if needed. The union on Tuesday announced about 96% of
admin
Traders work on the floor of the New York Stock Exchange (NYSE) on August 14, 2019 in New York City. Spencer Platt | Getty Images Morgan Stanley’s Mike Wilson, one of Wall Street’s most skeptical strategists, is advising clients to dump growth stocks and buy defensive names as the “demand destructive” tariffs are fanning recession
NEW YORK, NY – MAY 13: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 13, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Markets will rally for the rest of the year, according to J.P. Morgan.
New investors don’t know what they don’t know. When you don’t know much about a subject, sometimes the first advice you come across appears solid. Thoroughly research a company so you know if the stock would be a good investment for you. Don’t buy when stock prices are high. Think carefully before you make your
ASSOCIATED PRESS It appears that KFC, Dunkin, and Burger King are joining the trend — Veganism is giving a “healthy” image to fast food chains, as they add plant-based meat alternative products to their menu. Back in April, Burger King introduced the Impossible Whopper, a plant-based burger, similar to the company’s classic sandwich. A couple of months
A customer uses an automated teller machine in Singapore. Nicky Loh | Bloomberg | Getty Images Singapore is about to shake up its banking sector for the first time in two decades — a move that would allow technology players and non-banking companies to challenge traditional lenders. The disruption could be a win-win situation for
Factory workers at TNG Dai Tu Factory in Thai Nguyen Province, Vietnam work on brand name garments like Nike, Adidas and Converse. Justin Solomon | CNBC It’s crucial for businesses to be flexible and to hedge one’s bets amid the protracted and unpredictable trade war, according to a Hong Kong-based garment maker. For Lever Style, it
Source: Stock.Adobe.com The stock market is fluttering near all-time highs, but has gone nowhere for 19 months. The bond market is pushing government bond yields toward or below zero. Gold is surging. The Fed is cutting. Tweets are flying. Oh, and there’s a major hurricane bearing down on the east coast of the US. So, I can’t
The Obamas are buying an estate listed for $14.85 million on Martha’s Vineyard LandVest Barack and Michelle Obama, the former U.S. president and first lady, rented a seven-bedroom home on Martha’s Vineyard this summer and decided to stay. The Obamas now have the property, with a $14.85 million price tag, under contract in a deal
A ‘No Gas’ sign is seen on a gas pump at a station after it ran out of gas as people get fuel before the arrival of Hurricane Dorian on August 30, 2019 in West Palm Beach, Florida. Joe Raedle | Getty Images News | Getty Images Hurricane Dorian’s winds slowed, prompting a downgrade to
Stocks are sending a sell signal. So says widely followed strategist Sven Henrich, founder and lead market strategist at NorthmanTrader, who told CNBC’s “Fast Money” on Thursday that one S&P 500 chart is showing the market heading for a major drop. Many market watchers have taken notice of the technical “megaphone” pattern the S&P has
Shares of Nissan, Honda, Fiat Chrysler, and Daimler are trading at deep discount to their book value, and are paying hefty dividends. Nissan Motor’s shares, for instance, are trading 51% below their book value, paying 8.6% dividend. Daimler’s shares trade at an even larger discount, 68%, paying 6.8% dividend—see table. Company Recent price Book value
A beach home on the west end of Dauphin Island, Alabama in the Gulf of Mexico is left pieces in the wake of Hurricane Katrina Thursday, September 1, 2005. Photographer: Kari Goodnough/Bloomberg News BLOOMBERG NEWS Hurricane Dorian made landfall in the Bahamas over the weekend. The category 5 storm has been called the strongest storm to
One of the biggest trends in the residential real estate industry in recent years has been the introduction of the so-called “iBuyer” companies like Opendoor, OfferPad and Zillow Offers that buy houses directly from homeowners and then resell the houses. Phoenix is ground zero for the iBuyer explosion. The two largest iBuyer companies, Opendoor and
In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York. Drew Angerer | Getty Images As concerns mount over the dangers of a rapidly warming planet, upstart food companies are targeting a major climate-damaging food: beef. Beyond Meat and its
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Whether or not the U.S. is going into a recession is on the minds of Americans everywhere. Google searches show recession fears have spiked exponentially since the end of July, when the Federal Reserve cut interest
CHICAGO, ILLINOIS – MAY 20: Lori Lightfoot addresses guests after being sworn in as Mayor of Chicago during a ceremony at the Wintrust Arena on May 20, 2019 in Chicago, Illinois. Lightfoot become the first black female and openly gay Mayor in the Getty Images The clock continues to tick on Chicago’s 23% funded pensions.
Hong Kong protests have expanded from opposing a controversial extradition bill to calls for greater government accountability. Getty Even though Macau casino review fell for a second straight month in August, ongoing anti-government protests in Hong Kong have had little direct impact on Macau tourism and gaming to date. But resulting disruptions and the larger issues
A cargo ship holds shipping containers as other containers sit at the Port of Los Angeles, the nation’s busiest container port, in September 2018. Mario Tama | Getty Images News | Getty Images BEIJING — China is moving slowly in the implementation of retaliatory tariffs as trade tensions with the U.S. escalate. The Chinese government
This photo taken on October 17, 2018 shows a worker inspecting shoes at a factory in Qingdao in China’s eastern Shandong province. STR | AFP | Getty Images China’s manufacturing activity expanded in August, according to results of a private survey released on Monday amid the country’s escalating trade war with the U.S. The Caixin/Markit