At the Dead Sea, travelers slather thick, mineral-rich mud onto their bodies and bake under the sun. In India, hot stones are strategically placed along the spine. From Iceland to New Zealand, people luxuriate in steaming natural hot springs. And in Morocco? Travelers are buried alive in sweltering hot sand in the name of health
Exxon did not mislead shareholders over the true cost of climate change, New York Supreme Court Justice Barry Ostrager ruled on Tuesday. The $1.6 billion suit brought by New York Attorney General Letitia James, alleged that Exxon deceived investors about the true cost of climate change. The trial, which began in October and was the
visualspace | E+ | Getty Images You probably have a financial junk drawer — a hodgepodge of incomplete financial projects, goals and even a few secrets. Lots of people have one, says Amanda Priebe, a certified financial planner and wealth strategist at PNC Wealth Management. But unlike that kitchen drawer filled with old packets of
Geri Lavrov | Getty Images Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor. Boomers own 2.34 million small businesses in the United States,
Getty Precept 1 of the Code of Professional Conduct for credentialed actuaries in the United States says this: “An Actuary shall act honestly, with integrity and competence, and in a manner to fulfill the profession’s responsibility to the public and to uphold the reputation of the actuarial profession.” What’s that mean? In the world of
Year-End Tax Planning is a must for Gay Couples with big incomes. Getty While year-end tax planning can be valuable for everyone, the tax savings can be even larger for gay married couples. According to the US Treasury Department gay married men make more, on average, than our straight married counterparts. Don’t despair ladies. Lesbian married
Share to facebook Share to twitter Share to linkedin Mortgage lending limits will increase yet again for 2020 Getty News from the Federal Housing Financing Authority provides the latest figures for the threshold for non-jumbo mortgages (or a ‘conforming loans’) and the numbers show a significant increase yet again. For 2020, the limit will raise
James Quincey, the CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Coca-Cola CEO James Quincey said that the beverage giant waited too long to make a sparkling water brand. “We should’ve done AHA, yeah, sooner,” Quincey
Soybeans are harvested from a field on Hodgen Farm in Roachdale, Indiana, November 8, 2019. Bryan Woolston | Reuters China is buying more U.S. soybeans, as both countries try to reach an initial agreement on trade. Between September and November this year, Chinese imports of American soybeans increased 13 times from the same period last
Shares of Agilent Technologies gained more than 3% in after-hours trading on Monday after hedge fund investor Bill Ackman revealed he has taken a stake in the lab testing equipment maker. A regulatory filing showed Ackman’s hedge fund, Pershing Square Capital, owns more than 2.9 million Agilent shares, bringing his stake to around $246 million.
Lauren Schaefer, 31, was managing events for the Columbia University Graduate School of Journalism when she quit to start her own wedding coordination company. Source: Lauren Schaefer When Lauren Schaefer started planning weddings, she never imagined it would become a full-time job. The 31-year-old worked in the events management industry for 10 years before she
Planning is very important so that you don’t run out of funds stock.adobe.com As a CERTIFIED FINANCIAL PLANNER™ professional, the number one question I am asked repeatedly is ‘will I have enough money to last during retirement?’ According to a Consumer Reports’ 2017 nationally representative Financial Security Survey, 46% of baby boomers (individuals born between
WATERLOO, IOWA, DECEMBER 5, 2019: Presidential candidate Joe Biden addresses supporters.-(Photo … [+] credit should read Preston Ehrler / Echoes Wire / Barcroft Media via Getty Images) Barcroft Media via Getty Images When I heard that Democratic presidential hopeful Joe Biden was proposing to raise taxes by $3.2 trillion over 10 years, I flashed back
In the run-up to the 2008 Financial Crisis, and in assessing its aftermath, I posited that homeownership limited the mobility of human capital to the detriment of both the economic recovery and the financial wherewithal of homeowners with non-performing mortgages. With housing values underwater in many markets, and deeply underwater in ‘the sand states’ (as
A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images McDonald’s black franchisees are choosing to leave the chain as the disparity in performance between their restaurants and their white counterparts grows, Business Insider reported Monday. The average cash flow of black franchisees is much less than the
A customer uses a Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, automatic teller machine (ATM) in Hanoi, Vietnam. Justin Mott | Bloomberg | Getty Images Vietnam’s banking sector is an attractive investment opportunity because it is generating a lot of capital and growing fast, according to a senior banker at J.P. Morgan.
Slphotography | Getty Images Consumers plan to fight a different battle of the bulge next year. A new survey has found that 84% of individuals said they would rather save $5,000 than lose 5 pounds. What’s more, 84% of consumers also said they would prefer to reduce their debts than lower their computer or phone
James Gorman being interviewed in Davos, Switzerland, January 21, 2016. David A. Grogan | CNBC Morgan Stanley is cutting roughly 2% of its workforce due to an uncertain global economic outlook, according to people with knowledge of the situation. The job cuts at the investment bank, the world’s biggest equities trading firm and a leading
Jim McGuire | Getty Images A new proposal in Congress aims to resurrect an old tradition: mailing Social Security statements to your home. Since 2011, the Social Security Administration has cut back on the number of paper statements it puts in the mail in order to save money. A new bill, called the Know Your
Starling Bank CEO Anne Boden Starling The financial crisis was not just a wake up call for the world’s biggest banks – for some, it was a sign of opportunity. For Anne Boden, the CEO of British mobile-only challenger bank Starling, it was a time to totally rethink the financial services. Speaking with CNBC at