Markets and Business News Review

Thomas Cook collapses after knife-edge talks fail

Mon, 23 Sep 2019 01:11:09 -0400

Travel company’s demise leaves 21,000 jobs at risk and hundreds of thousands stranded

Asian stocks fall as investors mull next move in trade talks

Mon, 23 Sep 2019 01:05:09 -0400

Like fine whisky, Texan oil exporters tout unblended crude

Mon, 23 Sep 2019 01:04:41 -0400

Decades ago, a distiller in Scotland discovered the marketing power of "single malt" whisky, untouched by blending - a technique now being embraced by sellers of Texas crude oil.

British travel firm Thomas Cook collapses, stranding hundreds of thousands

Mon, 23 Sep 2019 01:03:33 -0400

The world's oldest travel firm Thomas Cook collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

UK PM Johnson questions whether Thomas Cook bosses 'properly incentivized'

Mon, 23 Sep 2019 01:03:19 -0400

British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivized to avoid bankruptcy.

One Brother Stabbed the Other. The Journalist Who Wrote About It Paid a Price.

Adam Satariano and Emma Bubola — Mon, 23 Sep 2019 00:29:18 -0400

The use of Europe’s ‘right to be forgotten’ privacy law has broadened, illustrated by two Italian brothers, a stabbing and the journalist who wrote about them.

In the Decade Since Madoff, Ponzi Schemers Try New Tactics

Angela Wang — Mon, 23 Sep 2019 00:21:03 -0400

The S.E.C. has prosecuted 50 percent more Ponzi cases in the last 10 years. Those scams cost their victims $31 billion.

Factbox: Key dates in the history of tour company Thomas Cook

Mon, 23 Sep 2019 00:17:25 -0400

Thomas Cook , the world's oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

Does Your Real Estate Broker Owe You a Refund?

Luis Ferré-Sadurní — Mon, 23 Sep 2019 00:16:02 -0400

One renter paid $1,200 in dubious application fees. Thanks to a new state law, she got $800 back.

China’s Big Brother Targets Business

Alexandra Stevenson and Paul Mozur — Mon, 23 Sep 2019 00:14:41 -0400

Beijing hopes its social credit system will use vast troves of data to quickly punish companies accused of wrongdoing. U.S. firms could get hit, too.

The Company of the Future: Profit and Purpose

Mon, 23 Sep 2019 00:05:09 -0400

Business are under pressure to go beyond the pursuit of pure shareholder value. The FT examines the difficult trade-offs they must make to survive into an uncertain future.

Buzz around factor investing in fixed income is growing

Mon, 23 Sep 2019 00:00:52 -0400

Studies suggest that smart beta fixed income ETFs are piquing interest as tactical trading tools

Capital and BlackRock under fire for backing Brazil’s JBS

Mon, 23 Sep 2019 00:00:52 -0400

Global Witness criticises fund groups for investing in company accused of aiding deforestation

Shaky start for the new guardians of the fund industry

Mon, 23 Sep 2019 00:00:52 -0400

Arrival of independent directors sparks fears of ‘old boys’ club’ comeback

How Libra fuelled push for central bank-run digital currencies

Mon, 23 Sep 2019 00:00:32 -0400

Technical debate previously confined to research papers has now become an urgent matter

Big Business, by Tyler Cowen

Mon, 23 Sep 2019 00:00:29 -0400

A robust defence of the pursuit of corporate profit

The limits of the pursuit of profit

Mon, 23 Sep 2019 00:00:29 -0400

FT Series: Many companies are trying to define a broader purpose for their business but the exercise is fraught with risks

Asian shares dip on geopolitical tensions, oil up 1%

Sun, 22 Sep 2019 23:58:27 -0400

Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations, while oil gained more than 1% as Middle East tensions remained elevated.

UN climate summit blog: leaders gather ahead of New York meeting

Sun, 22 Sep 2019 23:52:31 -0400

Multinationals pledge drastic cuts to emissions after biggest climate demonstrations ever

Iran says Trump has ‘closed the door’ to talks

Sun, 22 Sep 2019 23:49:02 -0400

Adding central bank to terrorist list means talks have no prospects, Zarif says

Stocks To Trade In October

Sun, 22 Sep 2019 23:40:00 -0400

This cycles method has outperformed thus far in September. Here are the stock selections for October.

Asia Markets: Chinese stocks pulled lower by pharma, tech losses

Sun, 22 Sep 2019 23:32:08 -0400

Hong Kong’s Hang Seng Index saw an opening advance quickly fade on Monday, led by AAC Technologies as it extended last week’s losses with a 3.2% drop in morning trading.

Mutual Funds Weekly: This simple portfolio strategy will help retirees if a recession hits

Sun, 22 Sep 2019 23:22:03 -0400

These money and investing features hit home with MarketWatch readers this past week.

Amazon’s ‘Fleabag’ and ‘Mrs. Maisel’ are Emmy winners

Sun, 22 Sep 2019 23:15:52 -0400

Amazon scored multiple early victories at the 71st Emmy Awards Sunday night, with wins for comedies “The Marvelous Mrs. Maisel ” and “Fleabag.”

Explainer: Thomas Cook collapses - What next and why?

Sun, 22 Sep 2019 23:14:41 -0400

The Slow-Burning Success of Disney’s Bob Iger

Maureen Dowd — Sun, 22 Sep 2019 23:09:57 -0400

Hollywood’s nicest C.E.O. on the great family dramas of Hollywood — and why he, too, is disturbed by Twitter.

Hong Kong listings dry up under shadow of protests

Sun, 22 Sep 2019 23:00:28 -0400

‘Terrible’ conditions on stock market deter deals but some expect pipeline to pick up later in year

Lack of red flags suggests recession a way off yet

Sun, 22 Sep 2019 23:00:28 -0400

Other predictors of downturns are less gloomy than the inverted yield curve

The dangerous hypocrisy of the humble-bragging leader

Sun, 22 Sep 2019 23:00:27 -0400

When ‘humbled’ becomes a synonym for ‘proud’ something has gone seriously wrong

The Wall Street Journal: Thomas Cook enters compulsory liquidation, canceling all hotel bookings and flights

Sun, 22 Sep 2019 22:58:01 -0400

Thomas Cook Group PLC said it has entered into compulsory liquidation and is now under the control of the official receiver.

Indonesia finds design flaw, oversight lapses in 737 MAX crash: WSJ

Sun, 22 Sep 2019 22:35:42 -0400

Indonesian investigators have found that design and oversight lapses played a key role in the October 2018 crash of Boeing Co's 737 MAX jet that killed all 189 people aboard, the Wall Street Journal said on Sunday.

Oil gains on Saudi supply disruption, Mideast tensions

Sun, 22 Sep 2019 22:32:46 -0400

Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East.

The Wall Street Journal: ‘Downton Abbey’ leads weekend box office, topping Brad Pitt’s ‘Ad Astra’

Sun, 22 Sep 2019 22:32:04 -0400

Two American heroes, Brad Pitt and Rambo, were no match for the British gentry of “Downton Abbey,” as the film adaptation of the U.K. television show easily topped the box office this weekend.

Movers & shakers, September 23

Sun, 22 Sep 2019 22:00:52 -0400

John Cryan steps up as chairman of Man Group

Cartoon, September 23

Sun, 22 Sep 2019 22:00:52 -0400

The Mega Files: Hong Kong EX expansion

Funds fees tumble as Europe’s price war bites

Sun, 22 Sep 2019 22:00:52 -0400

Inflows into lower-cost funds account for two-thirds of the drop in fees

Thomas Cook: 'Planes are already being impounded'

Sun, 22 Sep 2019 21:57:17 -0400

Travel expert Simon Calder describes the situation facing travellers and employees of the collapsed holiday firm.

Thomas Cook CEO on liquidation: 'I apologise'

Sun, 22 Sep 2019 21:39:13 -0400

Peter Fankhauser, the chief executive of Thomas Cook, apologized on Monday for the liquidation of the world's oldest travel company.

Asian shares firmer on improved Sino-U.S. trade tone, oil up 1%

Sun, 22 Sep 2019 21:38:39 -0400

Asian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as "productive" and "constructive", while oil gained more than 1% as Middle East tensions remained elevated.

Best New Ideas in Money: Think twice before using facial-recognition technology or fingerprint scanning

Sun, 22 Sep 2019 21:26:18 -0400

Ditching credit cards for facial recognition removes the last physical barrier between our bodies and Corporate America.

A teenager stole Amy Livingston’s handbag — she will never carry these items in her purse again

Sun, 22 Sep 2019 21:20:48 -0400

‘He looked young and he looked scared.’

The ‘best job in America’ pays over $108,000 a year — and has a high number of openings

Sun, 22 Sep 2019 21:14:53 -0400

This analysis is based on median salary, overall job satisfaction and the number of job openings.

Key Words: Michigan’s historic Mackinac Island bans cars — the Pence motorcade used 8

Sun, 22 Sep 2019 21:13:13 -0400

Vice President Mike Pence was on car-less Mackinac Island to speak to the Michigan Republican Leadership Conference in a key 2020 state.

Start-ups in battle to dominate digital payments in India

Sun, 22 Sep 2019 21:06:29 -0400

Mobile money upstarts race to sign up merchants in critical battleground for global players

Asian shares gain on better Sino-U.S. trade tone, oil climbs

Sun, 22 Sep 2019 21:01:16 -0400

Beep. Ding. Vroom. Electric Cars Need to Make Noise for Safety, but What Kind?

Niraj Chokshi — Sun, 22 Sep 2019 20:34:14 -0400

As electric cars become more popular, engineers, driven by government regulators, are crafting the sounds that will define the highways of the future.

Where’s the Waste? A ‘Circular’ Food Economy Could Combat Climate Change

Eduardo Garcia — Sun, 22 Sep 2019 20:20:48 -0400

An ice company’s wastewater can feed a produce garden. Spent grain from a brewery goes to compost. Local, shared, recycled. Welcome to the future of food.

U.S. stock futures gain on better trade tone, oil climbs

Sun, 22 Sep 2019 20:01:58 -0400

Wall Street stock futures edged up in early trade on Monday, setting an upbeat tone for Asian markets on hopes of an interim Sino-U.S. tariff deal after the U.S. Trade Representative characterized their two days of talks as "productive".

Forget Stocks – Money Market Is Signaling Possible Troubles Ahead

John S. Tobey, Contributor https://www.forbes.com/sites/johntobey/ — Sun, 22 Sep 2019 19:59:34 -0400

The Fed’s downplaying of the money market event is a mistaken strategy

It’s a Fact: Mistakes Are Embarrassing the Publishing Industry

Alexandra Alter — Sun, 22 Sep 2019 19:46:28 -0400

Errors and controversies involving several high-profile books are forcing writers and publishers to reconsider how they handle fact-checking.

The Wall Street Journal: Indonesia to blame Boeing’s 737 MAX design and U.S. oversight in report on Lion Air crash

Sun, 22 Sep 2019 19:39:53 -0400

Indonesian investigators have determined that design and oversight lapses played a central role in the fatal crash of a Boeing 737 MAX jet in October, according to people familiar with what is expected to be the first formal government finding that the design and U.S. regulatory approval were flawed.

From Underwear to Cars, India’s Economy Is Fraying

Vindu Goel — Sun, 22 Sep 2019 19:28:02 -0400

The country once had the world’s fastest-growing economy, but it has been battered by global and domestic forces. India’s troubles are a warning sign for other developing countries.

Ikea assembles $1.4bn China expansion drive

Sun, 22 Sep 2019 19:18:00 -0400

Swedish retailer plans store openings and revamps to counter sharp sales growth slowdown

Aluminium industry must commit to carbon reductions

Sun, 22 Sep 2019 19:13:22 -0400

Super-lightweight metal is an essential building block of low-carbon economy

En+ calls on LME to introduce emissions disclosure rules

Sun, 22 Sep 2019 19:12:46 -0400

Russian metals group urges London Metal Exchange to force producers to disclose carbon footprint

The New York Post: New York police investigating alleged Trump Tower jewelry thefts

Sun, 22 Sep 2019 19:01:55 -0400

NYPD detectives are investigating the alleged thefts of more than $350,000 worth of jewelry from two apartments in Trump Tower, The Post has learned.

Indonesian investigators determine 737 MAX design flaw and oversight lapses in Lion Air crash: WSJ

Sun, 22 Sep 2019 18:56:21 -0400

Indonesian investigators have found that design and oversight lapses played a key role in the fatal crash of a Boeing Co's 737 MAX jet in October, the Wall Street Journal reported on Sunday.

Why Jennifer Aniston declined my ‘Friends’ request

Sun, 22 Sep 2019 18:48:50 -0400

‘Friends’ is celebrating its 25th anniversary, and the actress who played Rachel Green was way ahead of her time.

In One Chart: Here’s the No. 1 highest paid, most in-demand job in every U.S. state

Sun, 22 Sep 2019 18:48:34 -0400

The worst paid profession improves the quality of life of millions of Americans and their elderly family members.

In One Chart: How vapers could cost Donald Trump the presidency in 2020

Sun, 22 Sep 2019 18:48:09 -0400

In key battleground states, vapers could make all the difference.

The Fashion Week Diary of Sandy Liang, Fleece Phenom

Allison McCann — Sun, 22 Sep 2019 18:44:15 -0400

‘Gorpcore’ jackets and ’90s-inspired comfort items have made her one of the most sought-after designers in New York.

The New York Post: Bond king Bill Gross in postage stamp feud with rocker son

Sun, 22 Sep 2019 18:35:44 -0400

A billionaire former bond trader once accused of putting dead fish in air vents to get back at his ex-wife is involved in a new stink — this time with his 31-year-old rocker son.

Some on WeWork’s Board Are Said to Be Discussing Replacing Its C.E.O.

Michael J. de la Merced, Andrew Ross Sorkin and David Gelles — Sun, 22 Sep 2019 18:33:51 -0400

Some major money managers have reportedly said they wouldn’t invest unless an experienced operator was brought in to replace Adam Neumann.

SoftBank turns against WeWork's parent CEO Neumann: sources

Sun, 22 Sep 2019 18:10:10 -0400

Japan's SoftBank Group Corp , the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing start-up, four people familiar with the matter said on Sunday.

The Saudi Oil Shock: Who Wins, Who Loses

Steve Hanke, Contributor https://www.forbes.com/sites/stevehanke/ — Sun, 22 Sep 2019 17:42:09 -0400

On September 14th, drones targeted Saudi Arabia's Abqaiq oil refinery and Khurais oil field, destroying over half of Saudi Arabia's output. Brent crude prices surged 15% from September 13th to 16th. Elevated crude prices raise the obvious question: what countries are the biggest winners and losers?

Is It Time to Quit Vaping?

Karen Zraick and Jacey Fortin — Sun, 22 Sep 2019 17:36:26 -0400

Health officials have recommended that people refrain from using e-cigarettes as they investigate a severe lung illness that has killed eight people. Here are some things to consider.

The Wall Street Journal: Some WeWork board members seek to remove Adam Neumann as CEO

Sun, 22 Sep 2019 17:36:03 -0400

A bloc of WeWork directors is planning to push Adam Neumann to step down as chief executive after a tumultuous week in which his eccentric behavior and drug use came to light and the startup delayed its much-anticipated stock-market listing.

How to invest in — or avoid — what makes China China

Sun, 22 Sep 2019 17:26:19 -0400

One ETF that purports to offer access to better run private sector companies in China that are better run may make things more confusing for investors, not less.

Vietnam power crunch threatens future economy

Sun, 22 Sep 2019 17:00:26 -0400

Crisis comes as country starts to reap benefits from the US-China trade war

NewsWatch: Stock market’s eerie parallels to September 2007 should raise recession fears

Sun, 22 Sep 2019 17:00:08 -0400

Fed watchers may have just witnessed Powell’s ‘Bernanke moment,’ writes Sven Henrich.

Selling On The Fed's Rate Cut

Ken Kam, Contributor https://www.forbes.com/sites/kenkam/ — Sun, 22 Sep 2019 16:57:00 -0400

Generally, rate drops are positive for the economy, but the market did not seem to be overly excited by the outcome. Wayne Himelsein, one of my top managers, says when it comes to the Fed the old adage buy on the rumor and sell on the news applies.

It’s reflation that’s turning the ‘Great Rotation,’ these analysts say

Sun, 22 Sep 2019 16:54:10 -0400

Investors are shunning higher-priced, sturdier stocks in favor of those that may have missed out on the love earlier in the year.

Republican casino magnate Adelson cautioned Trump on trade war with China: WSJ

Sun, 22 Sep 2019 16:44:31 -0400

A top Republican donor warned President Donald Trump in a phone call last month that his escalating trade war with China could hurt his re-election prospects, the Wall Street Journal reported on Sunday, citing people familiar with the call.

Best New Ideas in Money: Why buying and selling a house could soon be as simple as trading stocks

Sun, 22 Sep 2019 16:20:31 -0400

Artificial intelligence in housing won’t just eliminate Realtors. It could completely change the way we buy, sell and live.

Failed promise of marketplace lending faces a new test

Sun, 22 Sep 2019 16:00:31 -0400

Industry faces threat of economic slowdown just as underwriting skills show improvement

Goldman Sachs plans to launch stocks and shares Isa

Sun, 22 Sep 2019 16:00:29 -0400

Wall Street investment bank’s move marks latest expansion of its consumer lender Marcus

Deutsche Bank seeks to muscle in on wealth management boom

Sun, 22 Sep 2019 16:00:27 -0400

Fabrizio Campelli says division is hiring hundreds of people as it seeks to add assets

Trump and Modi perform double act at big Texas rally

Sun, 22 Sep 2019 15:45:20 -0400

Both leaders have eye on domestic politics ahead of talks on trade

The Tell: ‘Apple a value stock?’ The Great Rotation takes a strange spin

Sun, 22 Sep 2019 15:33:38 -0400

As markets churn, there’s some unexpected fallout in fund holdings, including classifying Apple, one of the world’s biggest companies, as a “value” play.

The REAL Oil Opportunities: Dividends Up To 8.5%

Brett Owens, Contributor https://www.forbes.com/sites/brettowens/ — Sun, 22 Sep 2019 15:21:00 -0400

Energy stocks are on fire again after a drone strike on a Saudi oil facility.

Travel group Thomas Cook battles for survival ahead of Monday deadline

Sun, 22 Sep 2019 15:17:38 -0400

The British government has plans in place to bring home stranded holidaymakers if Thomas Cook goes out of business, an event that would likely spark chaotic scenes at resorts and airports around the world.

Key dates in the history of tour company Thomas Cook

Sun, 22 Sep 2019 15:17:38 -0400

The bosses of Thomas Cook , the world's oldest travel company, were meeting lenders and creditors in London on Sunday to seek a last-ditch deal to save the company.

Factbox: Fleet of over 100 jets operated by troubled Thomas Cook

Sun, 22 Sep 2019 15:15:57 -0400

The fate of over 100 passenger jets and contracts with almost 40 leasing companies are tied up in last-minute talks to prevent a collapse of British travel group Thomas Cook .

Thomas Cook customers say hotel in Tunisia stopped them leaving

Sun, 22 Sep 2019 15:11:30 -0400

British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday operator Thomas Cook, though the Tunisian government said the incident was a misunderstanding.

A Strange New World: Economic Slowdown, Liquidity Issues

Sun, 22 Sep 2019 15:11:25 -0400

The Fed continues to protect asset prices, and in result, widen the wealth gap.

SoftBank moves to oust Neumann as WeWork chief executive

Sun, 22 Sep 2019 14:59:33 -0400

Board meeting to demote founder of property group could be called as early as next week

Factbox: Key dates in the history of tour company Thomas Cook

Sun, 22 Sep 2019 14:55:04 -0400

The bosses of Thomas Cook , the world's oldest travel company, were meeting lenders and creditors in London on Sunday to seek a last-ditch deal to save the company.

Some WeWork directors considering removal of Adam Neumann as CEO: WSJ

Sun, 22 Sep 2019 14:20:07 -0400

Some WeWork board members, including officials tied to SoftBank Group Corp , are planning to try to push Adam Neumann to step down as chief executive, The Wall Street Journal reported on Sunday, citing people familiar with the matter.

Original or Copied? ‘Stairway to Heaven’ Is Back in Court

Ben Sisario — Sun, 22 Sep 2019 14:19:10 -0400

Who wrote the 1971 song’s opening passage, Jimmy Page and Robert Plant or Randy Wolfe? The music industry is hoping to get an answer on what makes a song original.

M.I.T. Media Lab, Already Rattled by the Epstein Scandal, Has a New Worry

Noam Cohen — Sun, 22 Sep 2019 14:17:32 -0400

Former researchers for a “food computer” initiative at the lab say the project’s leader misled outsiders about how it was going.

Banks worth $47 trillion adopt new U.N.-backed climate principles

Sun, 22 Sep 2019 14:07:49 -0400

Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight climate change on Sunday that would shift their loan books away from fossil fuels.

Bloc of WeWork board members planning to try to remove Neumann as CEO: WSJ

Sun, 22 Sep 2019 13:28:14 -0400

Huawei denies interest in acquiring Oi or any other Brazilian carrier

Sun, 22 Sep 2019 13:18:49 -0400

Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA or any other Brazilian carrier.

Vivendi set to widen legal battle against Mediaset beyond Italy: sources

Sun, 22 Sep 2019 12:36:17 -0400

Vivendi is taking steps to widen its legal battle against Mediaset beyond Italy, in a move that indicates the French media group has not liquidated its stake in the Italian broadcaster, two sources close to the matter said.

Organised labour is back

Sun, 22 Sep 2019 12:00:26 -0400

Younger workers are behind the rise in trade union membership in the US

NewsWatch: Stock market’s eerie parallels to September 2007 should raise recession fears

Sun, 22 Sep 2019 12:00:08 -0400

Fed watchers may have just witnessed Powell’s ‘Bernanke moment,’ writes Sven Henrich.

Leveraged Loans and Collateralized Loan Obligations Are Riskier Than Many Want To Admit

Sun, 22 Sep 2019 12:00:00 -0400

The leveraged loan market has grown 100% in a decade; a significant amount are covenant-lite. About 50% of the loans are held in collateralized loan obligations, which do have some similarities to collateralized debt obligations. In a downturn, leveraged loans and CLOs could amplify a crisis.

Vitol emerges as big winner from volatile energy markets

Sun, 22 Sep 2019 11:49:39 -0400

World’s biggest independent oil trader made $1bn in profit in first half of year

Smoky Fire at Bar Forces Evacuation of Hotel at Times Square, Officials Say

Christopher Mele — Sun, 22 Sep 2019 11:43:03 -0400

Guests were evacuated after the fire was reported about 7:40 a.m. A Fire Department official said there were three injuries.

Thomas Cook customers say Tunisia hotel stopped them leaving

Sun, 22 Sep 2019 11:24:07 -0400

Is the Fed making a mistake on inflation?

Sun, 22 Sep 2019 11:11:38 -0400

Upside and downside both have risks and the FOMC is split on the way forward

NY Fed rejects Wall St criticism of response to repo turmoil

Sun, 22 Sep 2019 10:57:45 -0400

Willingness and preparedness in responding to situation called into question

Graduate Students, After Gains in Union Efforts, Face a Federal Setback

David Yaffe-Bellany — Sun, 22 Sep 2019 10:56:08 -0400

The National Labor Relations Board has moved to reverse a 2016 ruling that eased the way for organizing at private universities.

Travel group Thomas Cook battles for survival with final creditor meeting

Sun, 22 Sep 2019 10:55:35 -0400

Trump denies offering incentive to Ukraine to probe Biden’s son

Sun, 22 Sep 2019 10:20:04 -0400

Senior Democrats suggest they could launch impeachment proceedings

Best New Ideas in Money: Why the best person to turn to for money advice may be a psychotherapist

Sun, 22 Sep 2019 09:56:40 -0400

Starting this year, it will be possible to be officially certified as a financial therapist.

The Moneyist: My husband is leaving his personal savings ...to his mother! What should I do?

Sun, 22 Sep 2019 09:56:08 -0400

‘I’m so frustrated that we don’t have a will that I’m almost ready to write my own without him.’

The Moneyist: I earn twice my husband’s salary and pay all the bills — now he hides all his savings

Sun, 22 Sep 2019 09:55:06 -0400

‘I am starting to worry because we are almost 50 and have a 16-year-old child who is about to go to college.’

The Moneyist: My sister-in-law is a greedy, gold-digging, woman — it floored me that men could be so stupid

Sun, 22 Sep 2019 09:54:37 -0400

This letter writer is embarking on an around-the-world trip with her husband and is afraid that her relative will insinuate herself into her daughter’s life while she’s gone.

The Moneyist: This father paid $400,000 to get his child into Georgetown, but his son said he didn’t know — should he have been expelled?

Sun, 22 Sep 2019 09:53:49 -0400

Where does the responsibility lie for those children embroiled in the college admissions scandal?

The Moneyist: I’m engaged to a ‘money monster’ who racks up parking tickets and credit-card debt

Sun, 22 Sep 2019 09:53:32 -0400

‘We have separate finances because I don’t trust her to act prudently financially.’

Here’s how much the war on terror contributed to America’s opioid crisis

Sun, 22 Sep 2019 09:53:08 -0400

Military veterans are at the epidemic’s forefront, a new study says.

Upgrade: ‘I could live on my Social Security and still save money’: This 66-year-old left Chicago for ‘calming’ Costa Rica — where he now plans to live indefinitely

Sun, 22 Sep 2019 09:40:24 -0400

But he says it’s important not to ‘over-glorify’ Costa Rica, as it is ‘not without its problems.’

Maria Bartiromo talks artificial intelligence, the dot-com crash and why she’ll never retire

Sun, 22 Sep 2019 09:39:42 -0400

The Fox Business anchor says A.I. can be lifesaving, but also ‘job killing’

IPO Report: Ping IPO pops 34% in debut

Sun, 22 Sep 2019 09:35:09 -0400

It’s not the sexiest tech IPO in a year of A-list names, but shares of Ping Identity Holding Corp. are up sharply, pushing the software company past $1 billion in market value.

Obama weighs in on Big Data, privacy in Silicon Valley fireside chat

Sun, 22 Sep 2019 09:34:46 -0400

The slippery slope of data has never been more crucial, former President Barack Obama warns in a far-ranging fireside chat at a tech conference in San Francisco on Wednesday.

MarketWatch First Take: Overstock founder tried to squeeze short sellers, then sold out when the SEC cracked down

Sun, 22 Sep 2019 09:34:22 -0400

Patrick Byrne’s final parting shot as Overstock CEO led to a huge move by short sellers to cover the positions, and after Byrne, who stepped down last month, sold off his entire stake, many are questioning whether he manipulated the market.

Cannabis Watch: ‘Don’t smoke the Kool-Aid,’ analyst says in sober note on the cannabis sector

Sun, 22 Sep 2019 09:34:01 -0400

MKM Partners initiated coverage of five Canadian cannabis companies and two U.S. multi-state operators on Friday with a cautious outlook, arguing that the current business model of cultivation will become commoditized and make it difficult for companies to build strong brands.

Suddenly — four years later — Chipotle’s stock has completed its comeback: CEO tells MarketWatch how his company got the job done

Sun, 22 Sep 2019 09:33:33 -0400

Chipotle’s stock tanked after a serious of illness outbreaks and other challenges. With shares soaring, the company’s CEO explains how the turnaround is taking shape.

Here’s how Beyond Meat can lose the lead in the plant-based meat category to Tyson

Sun, 22 Sep 2019 09:33:00 -0400

CFRA analyzes the plant-based meat space and the competition that’s heating up between a number of players.

Jeffrey Epstein’s philanthropy unleashes soul-searching over ‘third rail’ donors

Sun, 22 Sep 2019 09:28:00 -0400

Universities and other nonprofits have long wrestled with the ethics of certain donations — and answers don’t come easy.

In a blow to financial-services industry, the CFPB will keep consumer complaints database public

Sun, 22 Sep 2019 09:27:39 -0400

Consumer advocates had feared that the agency would make the database private.

Deutsche Bahn sees big windfall from climate change package

Sun, 22 Sep 2019 09:18:08 -0400

Germany's Deutsche Bahn [DBN.UL] expects the government's 50 billion euro climate change package to generate the railway company's biggest growth spurt in its 180-year history, the state-owned firm's boss said on Sunday.

Brazil tries to refresh its image after Amazon fires

Sun, 22 Sep 2019 09:11:35 -0400

Campaign to tout green credentials could be undercut by Bolsonaro’s clashes with Europe

Banks must cut the flow of funding for fossil fuels

Sun, 22 Sep 2019 09:00:27 -0400

We will not tackle climate change if money keeps going to carbon emitters

NewsWatch: Stock market’s eerie parallels to September 2007 should raise recession fears

Sun, 22 Sep 2019 09:00:10 -0400

Fed watchers may have just witnessed Powell’s ‘Bernanke moment,’ writes Sven Henrich.

A Pre-Retiree's Guide To Current Financial Markets

Rob Isbitts, Contributor https://www.forbes.com/sites/robisbitts2/ — Sun, 22 Sep 2019 09:00:00 -0400

There is a group of Baby Boomers I refer to as “90%ers.” who accumulated about 90% of the wealth they need to retire in the manner they desire. However, given the awkward nature of the current investment market climate, that last 10% could be difficult.

France doubts it will rebuild Notre-Dame in 5 years

Sun, 22 Sep 2019 08:04:19 -0400

Culture minister is latest to question target set by Macron after cathedral blaze

Bitcoin Holds $10,000, As ETH, XRP, LTC, And XLM Deflate --What's Next?

Sun, 22 Sep 2019 08:03:00 -0400

Ethereum's rally is bullish for the entire sector.

Heat In Middle Eastern Country Nears 120 Degrees

Douglas A. McIntyre — Sun, 22 Sep 2019 07:37:20 -0400

The hottest temperatures registered at 14 of the 15 official weather stations in the world were in Iraq today. All reached approximately 110 degrees. At Nasiriya the figure reached just shy of 120 degrees.

Nasiriya is about 225 miles south of Baghdad, along the Euphrates River. It has a population of 560,000 people which makes it Iraq’s fourth-largest city. It is not just hot in Nasiriya. It is dry. The city gets no rain at all most summers–from June through September.

Parts of Nasiriyah occasionally loses power in the hottest part of the year. Last June, hospital ventilators shut down temporarily and electricity to some homes was interrupted.

One of the biggest tests facing Nasiriya is whether at some point it will no longer be habitable. Temperatures of 120 degrees are survivable in some places, particularly based on humidity and availability of water. At 125 degrees, other areas may not support large populations at all.

Beat the System: They met at a Google incubator — now they’re trying to destroy the smartphone

Sun, 22 Sep 2019 07:31:28 -0400

The new Light Phone may capitalize on the backlash against smartphone addiction.

Beat the System: The next thing in tech? Smart pajamas

Sun, 22 Sep 2019 07:30:48 -0400

Sleep-monitoring slumberwear is coming soon, scientists say.

Here are the most generous tippers in America

Sun, 22 Sep 2019 07:30:25 -0400

A new study says some people are Grinches when it comes to adding that 20%. Do you fit that bill?

Getting divorced cost this woman nearly $1 million in retirement savings — how to avoid her fate

Sun, 22 Sep 2019 07:29:27 -0400

‘Folks are more likely to talk about their sex life or their most recent encounter on Tinder than they are to talk about finances.’

Weekend Sip: This long and silky tequila was 99,000 hours in the making

Sun, 22 Sep 2019 07:29:06 -0400

A Mexican distillery touts the time and effort that goes into producing a high-end spirit.

3 things NOT to do with your savings now that the Fed has cut interest rates

Sun, 22 Sep 2019 07:28:39 -0400

Already, the Fed’s rate cut has affected banks’ decision-making.

Nearly half of the U.S.’s homeless people live in one state: California

Sun, 22 Sep 2019 07:28:23 -0400

The Trump administration proposed multiple solutions to the homelessness crisis, including deregulation and policing.

Nike, Micron, BlackBerry, Carnival and More Major Earnings Coming This Week

247chrislange — Sun, 22 Sep 2019 07:10:53 -0400

The markets are currently in the quiet period between earnings seasons, but a few major companies will be sharing their results this week. While these firms aren’t Apple, Boeing or Exxon, each still plays a role in where the market could go from here. 24/7 Wall St. has put together a preview of the most prominent earnings reports expected this week.

We have included the consensus earnings estimates, as well as the stock price and trading history. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

AutoZone Inc.’s (NYSE: AZO) fiscal fourth-quarter report is due early on Tuesday. The consensus estimates call for $21.80 in earnings per share (EPS) and $3.93 billion in revenue. Shares traded at $1,159.37 on Friday’s close. The consensus price target is just $1,146.81, and the 52-week range trading range is $705.01 to $1,186.60.

BlackBerry Ltd. (NYSE: BB) is scheduled to report its fiscal second-quarter results before Tuesday’s open. The consensus estimates call for a net loss of $0.01 per share and revenue of $265.7 million. Shares jumped early Friday but were last seen trading at $7.54 apiece. The consensus price target is $10.34, and the 52-week trading range is $6.57 to $12.00.

Watch for CarMax Inc. (NYSE: KMX) to release its most recent quarterly results on Tuesday morning too. The consensus forecast calls for $1.33 in EPS and $5.06 billion in revenue for the fiscal second quarter. Shares closed at $84.63 on Friday. The consensus price target is $97.75, and the share price has ranged from $55.24 to $92.01 in the past 52 weeks.

Nike Inc. (NYSE: NKE) is scheduled to report its fiscal first-quarter earnings Tuesday afternoon. The consensus estimates call for $0.70 in EPS and revenue of $10.44 billion. Shares were changing hands at $86.68 on Friday’s close. The analysts’ mean price target is $93.76, and the 52-week trading range is $66.53 to $90.00.

The Conagra Brands Inc. (NYSE: CAG) fiscal first-quarter report is due early on Thursday. The consensus estimates call for $0.39 in earnings per share (EPS) and $2.48 billion in revenue. Shares ended the week trading at $29.81. The consensus price target is $32.08, and the 52-week range trading range is $20.22 to $37.60.

Accenture PLC (NYSE: ACN) is scheduled to report its fiscal fourth-quarter earnings Thursday morning. The consensus estimates call for $1.71 in EPS and revenue of $11.08 billion. Shares were changing hands at $193.09 as Friday’s session concluded. The analysts’ mean price target is $197.77, and the 52-week trading range is $132.63 to $202.80.

Look for Carnival Corp. & PLC (NYSE: CCL) to share its most recent quarterly results before Thursday’s open as well. The consensus forecast calls for $2.53 in EPS and $6.21 billion in revenue for the fiscal third quarter. Shares closed at $48.22 on Friday. The consensus price target is $55.88, and shares have traded between $42.42 and $67.69 in the past 52 weeks.

And Micron Technology Inc. (NASDAQ: MU) is scheduled to report its fiscal fourth-quarter results late Thursday. The consensus estimates call for $0.48 in EPS and revenue of $4.56 billion. Shares were changing hands at $49.16 on last look. The analysts’ mean price target is $50.46, and the 52-week trading range is $28.39 to $51.39.

24/7 Wall St.
5 Very Well-Known Stocks Trading Under $10 With Huge Potential Upside

Big companies commit to slash emissions ahead of U.N. climate summit

Sun, 22 Sep 2019 07:05:43 -0400

Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.

Saban to return controlling stake in Israel's Partner Comms: media

Sun, 22 Sep 2019 07:04:17 -0400

U.S.-Israeli media magnate Haim Saban plans to give up his controlling stake in Israeli mobile phone operator Partner Communications , financial media reported on Sunday.

Eyes on U.S. prize, Primark considers Central American suppliers

Sun, 22 Sep 2019 07:02:24 -0400

Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.

This Week in Business: No More E-Cigarettes at Walmart, and an Attack on the World’s Oil Supply

Charlotte Cowles — Sun, 22 Sep 2019 07:00:04 -0400

Plus, a battle over California’s right to make its own car pollution rules.

No one will be stranded, UK minister says on Thomas Cook future

Sun, 22 Sep 2019 06:58:05 -0400

British foreign minister Dominic Raab said the government had contingency plans in case talks to rescue travel company Thomas Cook fail, and sought to reassure holidaymakers that they will not end up stuck overseas.

‘Glory days’ over for private companies says head of Capital Group

Sun, 22 Sep 2019 06:31:29 -0400

Tim Armour says WeWork’s aborted IPO signals the end of frothy valuations

Europe’s private banks hit by worst year since crisis

Sun, 22 Sep 2019 06:00:58 -0400

Earnings in 2018 tumble 8% due to higher costs and weak investor inflows

Ted Truscott: ‘I have a bird’s-eye view on what millennials want with climate change’

Sun, 22 Sep 2019 06:00:58 -0400

Columbia Threadneedle chief talks ETFs vs active funds

BlackRock executive warns Brexit will hinder global business model

Sun, 22 Sep 2019 06:00:58 -0400

Fragmentation of Europe’s financial system poses big challenges, says Mark Wiedman

Thomas Cook crisis: 'People will not be stranded'

Sun, 22 Sep 2019 05:57:08 -0400

Foreign Secretary Dominic Raab says that people will be taken care of if Thomas Cook collapses.

Business Roundtable’s makeover does not go far enough

Sun, 22 Sep 2019 05:47:18 -0400

Real challenge is to persuade asset owners to approach investment differently

WHO criticises Tanzania for withholding Ebola information

Sun, 22 Sep 2019 05:46:59 -0400

World Health Organization says country has not been sharing data on suspected cases

China needs to change way it finances economy, think tank says

Sun, 22 Sep 2019 05:23:50 -0400

China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the funds they need for growth, a leading Chinese think-tank said in a report published Sunday.

Budget carrier XL Airways seeks rescue deal with Air France

Sun, 22 Sep 2019 04:48:06 -0400

French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.

Thomas Cook in talks with UK government and investors over rescue deal

Sun, 22 Sep 2019 04:17:17 -0400

Britain's Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that would send shockwaves well beyond the travel sector.

UK minister hopes Thomas Cook talks come to 'positive conclusion'

Sun, 22 Sep 2019 04:17:03 -0400

British security minister Brandon Lewis said he hoped talks about the future of travel company Thomas Cook come to a positive conclusion on Sunday.

Will stress in the repo market abate?

Sun, 22 Sep 2019 04:00:27 -0400

Market Questions is the FT’s guide to the week ahead

Barron Hilton, Hotel Magnate and Founding A.F.L. Owner, Dies at 91

Richard Goldstein — Sun, 22 Sep 2019 02:30:32 -0400

Mr. Hilton successfully expanded the hotel chain founded by his father, but he said his happiest days were when he owned the Chargers football team.

David Jones, Health Care Entrepreneur Behind Humana, Is Dead at 88

Richard Sandomir — Sun, 22 Sep 2019 00:15:26 -0400

Mr. Jones and a partner built large chains of nursing homes and hospitals. He later turned Humana into a major force in health insurance.

Large group of multinationals sign UN climate pact

Sun, 22 Sep 2019 00:12:46 -0400

More than 80 companies have joined a campaign to lower carbon emissions

Elliott prepares for downturn with new funding round

Sun, 22 Sep 2019 00:01:21 -0400

Paul Singer’s activist fund is building up a war chest as it expects market disruption

Why Taiwan is unfinished business for China’s Xi Jinping

Sun, 22 Sep 2019 00:00:27 -0400

As Beijing gears up for the 70th anniversary of Communist party rule, its greatest unresolved legacy has resurfaced

PagerDuty’s Jennifer Tejada: changing tech’s power networks

Sun, 22 Sep 2019 00:00:27 -0400

The software boss on leading in a male field and using key “north star” data to drive performance

Democrats in a fever on universal healthcare pledges

Sun, 22 Sep 2019 00:00:27 -0400

‘Medicare for All’ proposal risks alienating moderates ahead of 2020 election

The war on weasel words is failing and I am no help at all

Sun, 22 Sep 2019 00:00:27 -0400

The language of business seems to grow ever more full of redundant or confusing terms

You Might Not Want to Eat Bugs. But Would You Eat Meat That Ate Bugs?

Eduardo Garcia — Sat, 21 Sep 2019 23:44:09 -0400

Companies across the globe are banking on it.

Market Extra: How the Fed’s funding struggles highlight the fragility of Wall Street confidence

Sat, 21 Sep 2019 20:17:26 -0400

Chaos hit the overnight borrowing market this week, underscoring cracks in a key funding market for Wall Street that could ripple through the real economy without a more permanent patch.

Rogue Trader's $320M Loss On Bad Oil Bets Leaves Mitsubishi Seeing Red

Gaurav Sharma, Contributor https://www.forbes.com/sites/gauravsharma/ — Sat, 21 Sep 2019 20:10:00 -0400

Japan's biggest trading house by revenue says matter has been referred to police and the trader in question has been sacked, but the loss raises serious questions about compliance standards.

Corbyn’s policy chief quits on eve of Labour conference

Sat, 21 Sep 2019 18:44:52 -0400

Leader accused of ‘lack of professionalism’ as party falls in polls

Corbyn dismisses talk he is stepping down

Sat, 21 Sep 2019 18:44:52 -0400

Labour party leadership accused of ‘lack of professionalism’ as head of policy quits

Commodities Corner: Why Saudi Arabia’s output hit won’t lead to shocking prices at the gas pump

Sat, 21 Sep 2019 18:22:28 -0400

Global crude production has taken a serious hit following the weekend attack on Saudi oil facilities, leading to a spike in oil prices but for gasoline, this market-moving event couldn’t have come at a better time.

Beat the System: Oil prices need to go this high to push the global economy into recession

Sat, 21 Sep 2019 18:03:11 -0400

Measured in 2019 dollars, oil peaked at $158 a barrel in 2008.

Hidden tech gems to invest in now, picked by a mutual-fund manager with a great track record

Sat, 21 Sep 2019 17:40:58 -0400

You don’t have to own the big tech stocks to make decent profits. Here are six lesser-known gems that are ready to take advantage of coming trends in tech.

Losing an Inheritance Is Easy, Because Saying No Is Hard

Susan B. Garland — Sat, 21 Sep 2019 17:33:31 -0400

Most inheritances are about $50,000. Whether you come into a little money or a lot, waiting to make any moves is one of the best things to do first.

Best New Ideas in Money: Workers would get money and voting power under this radical profit-sharing idea

Sat, 21 Sep 2019 17:26:48 -0400

Dividend-paying ‘inclusive ownership fund’ offers employees a leg up as the pay gap widens.

Market Extra: Stocks tend to rise in months after big oil-price jump — but beware the drawdowns

Sat, 21 Sep 2019 17:03:03 -0400

Benchmarks, on average, outperform following a 10% rise in the price of crude oil — but there have been some nasty drawdowns.

NewsWatch: Stock market’s eerie parallels to September 2007 should raise recession fears

Sat, 21 Sep 2019 17:00:11 -0400

Fed watchers may have just witnessed Powell’s ‘Bernanke moment,’ writes Sven Henrich.

MarketWatch First Take: Things are changing at Apple, but the iPhone hype formula stays the same

Sat, 21 Sep 2019 16:54:41 -0400

It’s become a late-summer ritual: Lines of consumers snake around Apple Inc.’s retail stores on a Friday in New York, San Francisco and all points in between on the first day a new iPhone is available.

Facebook says ‘tens of thousands’ of apps suspended over privacy issues

Sat, 21 Sep 2019 16:51:59 -0400

For more than a year, Facebook Inc. suspended “tens of thousands” of apps from about 400 developers that improperly pried into the personal information of its users, the company said in a blog post late Friday.

Rex Nutting: In a time of Trump, the Fed doesn’t know what’s going to happen next

Sat, 21 Sep 2019 16:26:37 -0400

Fed Chair Jerome Powell doesn’t know the answer, he knows he doesn’t know, and he knows you know he doesn’t know. So quit asking.

Mark Hulbert: How to make your retirement savings last forever

Sat, 21 Sep 2019 16:22:43 -0400

New research explores various retirement spending strategies

Outside the Box: I inherited money. Should I invest it all at once? Or space it out?

Sat, 21 Sep 2019 16:03:15 -0400

The ups and downs of dollar-cost averaging.

SoftBank mulls bringing 40 companies to Brazil

Sat, 21 Sep 2019 16:00:34 -0400

Japan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country in around two weeks' time, the group's head in Brazil, André Maciel, said on Friday.

SoftBank mulls bringing 40 companies to Brazil

Sat, 21 Sep 2019 16:00:34 -0400

SoftBank mulls bringing 40 companies to Brazil -exec

Sat, 21 Sep 2019 15:58:22 -0400

Key Words: Bond King Gundlach says this contradiction in stock and bond markets is ‘danger signal’

Sat, 21 Sep 2019 15:43:27 -0400

Bond-market guru Jeff Gundlach says he’s watching a few areas of the market to gauge whether the current bullish dynamic is starting to unravel in earnest. On Wednesday afternoon, during a CNBC interview, he said that he’s sees some early cracks that are worth investors’ attention.

Outside the Box: Stock market’s eerie parallels to September 2007 should raise recession fears

Sat, 21 Sep 2019 15:29:55 -0400

Fed watchers may have just witnessed Powell’s ‘Bernanke moment,’ writes Sven Henrich.

Too many colleges aren’t telling student parents this valuable piece of information, agency says

Sat, 21 Sep 2019 15:20:48 -0400

More than 20% of the U.S.’s college students are parents.

No-Nonsense College: These 10 solid U.S. colleges prove you don’t need Harvard or Yale to achieve the American Dream

Sat, 21 Sep 2019 15:15:47 -0400

State and local public universities help low-income kids move into the middle class and beyond.

My Latest Research Says This About The Next Recession (You'll Be Shocked)

Michael Foster, Contributor https://www.forbes.com/sites/michaelfoster/ — Sat, 21 Sep 2019 15:07:00 -0400

To really make the most of the opportunity we’re getting today, you need to be able to do what most people can’t—buy when everyone else is panicking.

Next Avenue: Why the alcohol-free movement is becoming fashionable

Sat, 21 Sep 2019 15:02:37 -0400

There’s no doubt about the health benefits of taking a break from regular alcohol consumption.

Walmart unveils new rewards credit card, but some experts say proceed with caution

Sat, 21 Sep 2019 14:40:41 -0400

Here’s how the card, which was launched with Capital One, compares to Amazon’s card.

US to send weapons and troops to Saudi Arabia

Sat, 21 Sep 2019 14:29:37 -0400

Donald Trump orders ‘defensive’ deployment to boost air defences following Riyadh request

Best New Ideas in Money: Why the coming recession could force the Federal Reserve to swap greenbacks for digital dollars

Sat, 21 Sep 2019 14:29:00 -0400

Paper bank notes are being upgraded for a digital future around the world.

Key Words: Why one of the world’s top investors says now may be the time to raise cash

Sat, 21 Sep 2019 14:28:54 -0400

Lim Chow Kiat oversees one of the world’s biggest sovereign wealth funds, and he’s feeling rather bearish.

Need to Know: Investors are too complacent about inflation and low interest rates, says Schwab strategist

Sat, 21 Sep 2019 14:22:38 -0400

Our call of the day from Liz Ann Sonders, chief investment strategist at Charles Schwab, worries investors are being a bit too casual about one aspect of the economy right now.

Twitter Suspends Account of Former Adviser to Saudi Crown Prince

Davey Alba — Sat, 21 Sep 2019 13:58:31 -0400

The account was one of thousands with ties to governments in the Middle East that were taken down by the social media company.

Mark Hulbert: Here’s how retirees should plan for an imminent recession

Sat, 21 Sep 2019 13:41:38 -0400

A recession doesn’t automatically lead to losses in your portfolio.

Actors Who Turned Down Blockbuster Roles

Steven M. Peters — Sat, 21 Sep 2019 13:28:15 -0400

As they often say in Hollywood, casting is 90% of directing. And when a film is cast well, it becomes nearly impossible to imagine the characters played by anyone other than the actors chosen.

The idea of someone other than Tom Hanks playing Forrest Gump seems preposterous. It feels like Matthew Broderick was born to play Ferris Bueller. These characters are iconic and filmgoers’ perceptions of them are inseparable from the actors who play them.

Yet these roles — along with many others — came surprisingly to being played by others. In each case, the part was offered to a different actor prior to being offered to the one who ultimately played it.

24/7 Tempo has identified 30 actors who turned down roles in movies that would go on to become box office blockbusters. These are the highest grossing films of all time.

Click here to see the actors who turned down blockbuster roles.

There are many reasons that an actor may turn down a part. Oftentimes, it comes down to scheduling. If an actor has signed on to star in one film, he or she may not be able to appear in a second one at the same time. Actors may also be under contract that prevents them from doing certain kinds of work. This was the case with Tom Selleck, who was under contract for the television show “Magnum P.I.” and was forced to turn down an offer to play Indiana Jones in “Raiders of the Lost Ark.” In some instances, actors simply fail to recognize the potential of a great script and as a result miss out on a great opportunity.

All of the actors included on our list have had successful careers — despite turning down these roles. These are the actors with the longest careers. The actors who passed on these opportunities, however, have likely lost out on millions of dollars, potential Academy Awards, and critical praise.

The Ratings Game: Apple’s new iPhones reportedly selling better than their predecessors

Sat, 21 Sep 2019 13:22:44 -0400

Encouraging data points around iPhone preorders and a more simplified rollout than last year’s could bode well for Apple Inc., analysts say.

Mark Hulbert: Two-thirds of these corporate insiders now expect a U.S. recession by the end of 2020

Sat, 21 Sep 2019 13:08:53 -0400

Fading CFO optimism is a warning sign for U.S. stocks and the economy, writes Mark Hulbert.

Key Words: Ruth Bader Ginsburg reveals why she didn’t retire when Obama could nominate her successor

Sat, 21 Sep 2019 12:46:08 -0400

‘Who you would prefer on the court than me?’ asked the Supreme Court justice

50 Best Movies You’ve Never Seen

Steven M. Peters — Sat, 21 Sep 2019 12:43:37 -0400

Some movies have such wide appeal that they’re nearly universally adored. Films like “Casablanca” and “The Godfather” — considered among the best movies of all time — exemplify the best of the medium. Such admired movies have been widely screened, discussed, and praised since they were originally released.

Other films have similar virtues but are far less well known. In certain cases, they may only appeal to a specific subset of audiences or be too downbeat to excite the masses. Other times, they may have been simply overlooked for reasons such a lack of distribution.

24/7 Tempo has identified the 50 best movies you’ve never seen. These are the top rated films on user-based websites Rotten Tomatoes and Internet Movie Database that have comparatively few total user ratings.

Many of the talented individuals behind these movies have had exceptional careers. Acclaimed directors, including John Huston, Sidney Lumet, and Robert Altman, all make appearances, having directed critically praised movies that never matched the popularity of their other work. This is who won the Oscar for Best Director every year since the Oscars began.

Numerous films included on the list had the cards stacked against them from the very beginning. The 1971 Australian thriller “Wake in Fright” was essentially lost for years until the master negative was found in a trash bin and restored in 2009. Similarly, the low budget 1978 movie “Killer of Sheep” didn’t receive theatrical distribution once completed as the filmmakers didn’t clear the rights for the music used in it. These two films have since obtained wider circulation and, correspondingly, admiration.

Click here to see the 50 best movies you’ve never seen.

To determine the best movies you’ve never seen, 24/7 Tempo created an index based on each film’s Rotten Tomatoes average critic rating, Rotten Tomatoes average audience rating, and Internet Movie Database average user rating. To be considered, each film needed to have between 5,000 and 15,000 IMDb user ratings and 10,000 or fewer Rotten Tomatoes user ratings. Only films released since 1950 with English language dialogue were considered as a proxy for cultural relevance.

We averaged the user ratings from Rotten Tomatoes and IMDb and weighted by the number of votes for each. The combined user rating was then averaged with the Rotten Tomatoes critic rating.

Early retirement sounds amazing, but it can take a toll on your mental health

Sat, 21 Sep 2019 12:42:09 -0400

The FIRE movement focuses on finances, but not so much on emotional well-being

Outside the Box: Yes, millennials actually can save for retirement. Here’s how

Sat, 21 Sep 2019 12:41:46 -0400

A simple guide to the many options available to young workers.

Outside the Box: These 16 money wasters are why so many Americans can’t save for retirement

Sat, 21 Sep 2019 12:40:08 -0400

We can’t tell the difference between needs and wants and are unable to delay gratification.

This couple is one year away from having enough money to retire early — here’s what they did

Sat, 21 Sep 2019 12:39:49 -0400

How to get to financial independence.

Outside the Box: Retirement: Why FIRE when you can do this instead?

Sat, 21 Sep 2019 12:39:31 -0400

Life is about meaning, not money.

Outside the Box: These are the bad things about early retirement that no one talks about

Sat, 21 Sep 2019 12:39:16 -0400

Welcome to your identity crisis.

Outside the Box: You’re fooling yourself if you think you can retire early with kids

Sat, 21 Sep 2019 12:38:59 -0400

You can’t mix FIRE with kids and city living.

New Mexico’s free-college plan could be a game-changer for student debt in America

Sat, 21 Sep 2019 12:31:11 -0400

At least 20 states have free college programs in some fashion, in addition to another 150 cities, counties and school districts.

In investing, it’s better to think big-picture

Sat, 21 Sep 2019 12:30:55 -0400

Experts from institutional investors to those who work with individual households to achieve financial goals say that most investors should decide on the broad outlines of the assets they want to be invested in, and go no more detailed than that, an approach known as ‘asset allocation.’

More Americans are worried about a recession now than right before the last one

Sat, 21 Sep 2019 12:30:52 -0400

People are evenly split one whether a recession will hit in the next 12 months.

Mortgage rates increase, just as home-sales activity regains momentum

Sat, 21 Sep 2019 12:20:13 -0400

The Federal Reserve cut interest rates Wednesday, yet rates in the mortgage market still rose.

Despite Tough Talk, U.S.-China Trade Negotiations Continue

Keith Bradsher and Ana Swanson — Sat, 21 Sep 2019 12:14:08 -0400

Both sides issued statements describing recent discussions as productive. The question now is whether high-level talks next month will yield progress.

Deep Dive: How to profit from the ‘best of both worlds’ in stock investing

Sat, 21 Sep 2019 12:10:37 -0400

Mid-cap companies can offer large-cap quality with small-cap growth.

MoviePass is shutting down — here’s how the remaining movie-ticket subscription plans compare

Sat, 21 Sep 2019 12:03:59 -0400

Cinema buffs still have options, from Cinemark’s $8.99 plan to AMC’s $23.95 subscription.

Police hold 137 people as ‘gilets jaunes’ return to Paris

Sat, 21 Sep 2019 11:53:52 -0400

Police fire tear gas as ‘black bloc’ wreckers infiltrate climate march

Market Extra: A stock-market selloff could spark an economic recession, says BNY Mellon’s Liz Young

Sat, 21 Sep 2019 11:50:44 -0400

Investor confidence is playing an abnormally important role in U.S. equity markets, and potentially the entire U.S. economy, BNY Mellon’s Liz Young tells MarketWatch.

American Cities Shouldn’t Tell Chipotle And McDonald’s How To Run Their Businesses

Sat, 21 Sep 2019 11:45:26 -0400

City governments need to cut back on their mandates over how national franchises like Chipotle, McDonald’s and Shake Shack do business.

Encore: The overlooked data point in the new Census report: Most families don’t have much income

Sat, 21 Sep 2019 11:40:40 -0400

This issue poses an enormous challenge for retirement security

Deconstructing AT&T

Sat, 21 Sep 2019 11:40:00 -0400

Can the sum of the parts actually be greater than the whole? Shareholders of AT&T Inc will get a chance to find out, now that activist investor Paul Singer’s Elliott Management has taken a $3.2 billion stake in the communications giant.

The Margin: Stephen Miller’s girlfriend just got a job as Mike Pence’s press secretary

Sat, 21 Sep 2019 11:21:37 -0400

Katie Waldman is currently the communications director for Arizona Republican Martha McSally. Before that, she served as deputy press secretary for the DHS, where she was a public defender for the Trump administration and it’s controversial policies at the border. Her next gig, according to NBC News: press secretary for Vice President Mike Pence

Need to Know: Tech stocks face a 10% drop in the near-term, warns investor who once ran the world’s biggest technology fund

Sat, 21 Sep 2019 11:02:36 -0400

While investors sift through the aftermath of the weekend attack that disrupted Saudi Arabia’s crude output, the Wall Street veteran who ran the world’s biggest tech fund during the dot-com days issued a stark warning for those looking to hitch their ride to the continued leadership of the tech sector. A near-term correction is “inevitable,” Paul Meeks says.

Need to Know: Over the next decade, your best bet will still be the S&P 500, Bernstein strategists say

Sat, 21 Sep 2019 10:44:11 -0400

Our call of the day from Bernstein Research that says 10 years from now, you’ll still be better off in equities, whether it hits 4,000 or 8,000.

‘Nerd,’ ‘Nonsmoker,’ ‘Wrongdoer’: How Might A.I. Label You?

Cade Metz — Sat, 21 Sep 2019 10:37:14 -0400

ImageNet Roulette, a digital art project and viral selfie app, exposes how biases have crept into the artificial-intelligence technologies changing our lives.

Huawei to join forces with China Mobile to bid for Brazil's Oi: report

Sat, 21 Sep 2019 10:25:20 -0400

Chinese telecoms equipment maker Huawei Technologies Co is joining forces with China Mobile to potentially enter a dispute to buy struggling Brazilian carrier Oi SA , in an attempt to boost its footprint in Latin America's largest market, O Globo news website reported on Saturday.

Huawei to join forces with China Mobile to bid for Brazil's Oi: report

Sat, 21 Sep 2019 10:25:20 -0400

Market Extra: How the stock market tends to perform after back-to-back Fed rate cuts

Sat, 21 Sep 2019 10:21:47 -0400

On Thursday, U.S. equity benchmarks were staging a test of fresh all-time highs, a day after the Federal Reserve cut interest rates for the second time in as many meetings.

The Ratings Game: Uber stock is a buy-one-get-one-free deal, analyst contends

Sat, 21 Sep 2019 10:20:49 -0400

Shares of Uber Technologies Inc. and Lyft Inc. received a boost Monday after HSBC analyst Masha Kahn turned bullish on both ride-hailing stocks, writing that the “price is right” to invest in the beaten-down industry.

Modi Should Spend More Time At Home

Sat, 21 Sep 2019 10:15:00 -0400

Things aren't fine in Modi's India.

The U.S. isn’t even in the top 10 for best countries for retirement

Sat, 21 Sep 2019 10:01:33 -0400

What can we learn from other countries to help our retirees?

Apple’s new iPhone 11s mean the two-year upgrade cycle is officially dead

Sat, 21 Sep 2019 09:48:25 -0400

Apple Inc.’s new iPhones have great cameras and battery life, but the key question remains whether consumers will deem them worth an upgrade.

Cannabis Watch: Alliance Global starts coverage of 4 cannabis stocks with buy ratings but not all gain

Sat, 21 Sep 2019 09:47:35 -0400

Alliance Global Partners initiated coverage of four cannabis companies on Thursday and assigned a buy rating to all four stocks, namely Acreage Holdings Inc., Village Farms International Inc., Green Thumb Industries Inc. and GrowGeneration Corp.

The Ratings Game: Roku’s stock rocked as analyst asks, ‘Is Roku broku?’

Sat, 21 Sep 2019 09:47:17 -0400

Shares of Roku Inc. plunged Friday, putting them on track for their worst-ever weekly performance, as investors continued to express concern over increasing competition and an extreme valuation.

Key Words: How Trump’s ‘startling blunt exercise in socialism’ is overlooked by his backers

Sat, 21 Sep 2019 09:20:56 -0400

Trump campaign manager Brad Parscale last week tweeted out “Socialism SUCKS” — two words capturing a theme that has to be familiar to anybody who tunes in to Fox News or the president’s Twitter feed. But one former GOP senator and governor on Monday pointed out what could be an uncomfortable truth for Trump supporters

The MarketWatch Q&A: NFL legend Terry Bradshaw buys and sells $5 million planes the way some people flip houses

Sat, 21 Sep 2019 09:02:17 -0400

The NFL Hall of Famer spoke with MarketWatch about why losing $900,000 ended up being the best financial move he ever made, and why he spends so much time trying to help educate his fellow baby boomers.

NewsWatch: Stock market’s eerie parallels to September 2007 should raise recession fears

Sat, 21 Sep 2019 09:00:10 -0400

Fed watchers may have just witnessed Powell’s ‘Bernanke moment,’ writes Sven Henrich.

5 Very Well-Known Stocks Trading Under $10 With Huge Potential Upside

247lee — Sat, 21 Sep 2019 08:54:38 -0400

While most of Wall Street focuses on large and mega cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Often the biggest public companies, especially the technology giants, trade in the low-to-mid hundreds, all the way up to over $1,000 per share. At those steep prices, it’s pretty hard to get any decent share count leverage.

Many investors, especially more aggressive traders, look at lower-priced stocks as a way to not only make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.

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Every week, we screen our 24/7 Wall St. research database looking for stocks with Buy equivalent ratings at major firms and priced under the $10 level (last week’s picks included Callon Petroleum and Tellurian), and this week was no exception. We found five more stocks that could provide investors with some solid upside potential. While more suited for aggressive accounts, they could prove exciting additions to portfolios looking for solid alpha potential.

BlackBerry

This was the first “smartphone” type company that was buried when Apple released the iPhone. BlackBerry Ltd. (NYSE: BB) continues transitioning from a mobile hardware provider to a mobile-focused security software and services company. Its portfolio of products includes BlackBerry Secure Unified Endpoint Management, crisis communication, corporate asset tracking, cybersecurity services and other secure collaboration software and communication technologies.

The company also licenses its brand/IP for mobile devices, and its QNX business provides leading embedded software systems. Earlier this year BlackBerry named Bryan Palma as president and chief operating officer. Palma was most recently Cisco’s senior vice president and general manager of customer experience for the Americas. Before joining Cisco, he was the vice president of cyber and security solutions at Boeing.

Scotia Bank has a $10 price objective. The Wall Street consensus target is $10.34, and the shares traded on Friday’s close at $7.54.

Ford

This venerable automotive giant remains a solid value play now, and demand could jump with a trade deal with China paving the way. Ford Motor Co. (NYSE: F) is one of the world’s largest vehicle producers, with over 6 million units manufactured and sold globally. The company has made significant progress executing on its One Ford plan and delivering best-in-class vehicles.

Ford also remains committed to positioning itself well within the evolving auto industry through balanced investments across electrification, autonomy and mobility services. Ford is among the car brands with the most loyal customers.

While Ford continues to struggle amid a volatile global market, exacerbated by some perceived critical missteps, some of that may partially abate this year. Recently Moody’s downgraded Ford’s credit rating from investment-grade (Baa3) to junk (Ba1) status, assigning an outlook of Stable. The rating downgrade impact is somewhat de minimis, but it may be a harbinger of future downgrades and challenges. Merrill Lynch did not disagree with the concerns raised by Moody’s but believe much of these are priced into Ford stock.

Shareholders receive an outstanding 6.47% dividend, though it may be lowered ahead. Merrill has a $13 price target and the consensus target is lower at $10.73. The shares closed on Friday at $9.17.

ALSO READ: 32 Lowest Paying Companies

Apple Soars to Become Best Dow Stock of the Year as iPhone 11 Is Released

Douglas A. McIntyre — Sat, 21 Sep 2019 08:53:55 -0400

Apple Inc. (NASDAQ: AAPL) has taken the lead as the best-performing stock in the Dow Jones industrial average, up 38.03% to $217.73, beating the other 29 components for 2019 so far. The Dow itself is up 15.47% to 26,935.07. Apple’s performance has been the upward swing of a seesaw that began when it posted mediocre earnings at the end of June. The recent release of the iPhone 11 family has been well-enough received to tamp down some of the earnings results anxiety.

Apple has been able to convince many investors that it is no longer just an iPhone company, although most reviewers believe the new iPhone will be a large success. Its combination of “reasonable” prices, better cameras and substantially longer battery life are considered winning features. Apple usually reports the results of early sales of each new iPhone. Investors will not have to wait long to see if their hunches are right, if Apple stays true to form.

Apple has lobbied for several quarters that the iPhone no longer needs to be its lifeblood. CEO Tim Cook usually gives just a sentence of comment about monthly earnings. The last one was telling. “This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends.” Services were usually stuck at the back of the Apple portfolio of businesses.

Apple’s charge deeper into the services business is its TV+, a competitor to Netflix, Amazon and over a dozen other streaming video services, some from America’s largest media companies. People who think that the project is a long shot argue that the current competition is firmly entrenched. Apple’s price for the service at $4.99 a month after a seven-day free trial may be too low, as well.

Whatever the fate of Apple TV+ may be, the new iPhone 11 was just good enough to catch investors’ attention as they debate the sources of Apple’s future. For the time being, that is good enough.

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What Makes Water Clean

Douglas A. McIntyre — Sat, 21 Sep 2019 08:53:24 -0400

Flint, Michigan, has had dangerous water for five years, at least. It contains too much lead. Newark, New Jersey, faces a similar crisis. Although most drinking water in the United States is deemed “clean,” a number of communities have drinking water that falls outside the safety measures put into the place by the U.S. Environmental Protection Agency (EPA). There is an established definition of what clean water is, and what makes it clean, for people who worry about their own supply.

Some Americans get water from wells on their own property or nearby. Others get water from community systems, like the ones in Flint and Newark.

According to National Public Radio, there are four steps for water cleanings, although they may not be enough if that water already has certain substances in it.

Coagulation and flocculation – Chemicals are added to the water. They bind with the dirt and dissolved particles, forming larger particles called floc.

Sedimentation – The floc is heavy, so it settles to the bottom of the tank.

Filtration – The clear water on top passes through filters composed of sand, gravel and charcoal to remove dissolved particles such as dust, parasites, bacteria, viruses and chemicals.

Disinfection – Chlorine or chloramine is added to kill parasites, bacteria, viruses and germs. Fluorine is added to prevent tooth decay.

This set of cleaning processes does little to help with the worst problems. These include lead, mostly from pipes. Water sources near farms can contain nitrates used in fertilizers. Water can be too salty, which desalination can sometimes change, though that is not done on a large scale anywhere.

Science News recently reported that water is “underscreened” for dangerous chemicals. What happened in Flint and Newark supports this. Chemicals do not kill all bacteria and dangerous microorganisms. It is not hard to argue that there is no guarantee for absolutely clean drinking water at all. Even under these circumstances, the U.S. situation is better than in countries with very little access to drinking water at all.

24/7 Wall St.
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Bruce Springsteen’s Greatest Songs on His 70th Birthday

Steven M. Peters — Sat, 21 Sep 2019 08:45:37 -0400

Late that same year, album number two came out — “The Wild, the Innocent and the E Street Shuffle.” Influenced by Van Morrison’s groundbreaking “Astral Weeks” (which “was like a religion to us,” according to longtime Springsteen guitar player Steve Van Zandt), it was more diverse and rock-and-rolling than its predecessor. It gave us “Rosalita” and of course “The E Street Shuffle,” but sold only slightly better than “Greetings,” and according to a record company PR man at the time “it was pretty much dead on arrival.”

As a measure of Springsteen’s renown up to that point, in July of 1974, he was the opening act for Dr. John at the Santa Monica Civic Auditorium — and when saxman Clarence Clemons played a long solo introduction to one song, kids in the back started yelling “Boogie!!!”

Then came “Born to Run,” and that changed everything. Springsteen reportedly said that he wanted the album to sound like “Roy Orbison singing Bob Dylan, produced by [Phil] Spector.” Indeed, the production is lavish and the songs are superb: “Thunder Road,” “Tenth Avenue Freeze-Out,” “Meeting Across the River,” and more, not to mention the iconic title track, which became the anthem of its era — much like “My Generation” in the ’60s and “Smells Like Teen Spirit” in the ’90’s. More than one critic has hailed it as “the greatest rock and roll album ever made.”

That was just the (real) beginning, of course. On came “Darkness on the Edge of Town,” “The River,” “Nebraska,” “Born in the U.S.A.,” and on and on up through (so far) this year’s “Western Stars” — 19 studio albums in all.

Along the way, Springsteen has given us such indelible creations as (besides those mentioned above and the title songs from many of his albums) “Badlands,” “Racing in the Street,” “Back Streets,” “Atlantic City,” “The Promised Land,” “Jungleland,” “Prove It All Night,” “I’m on Fire,” “State Trooper,” “Dancing in the Dark,” and “Streets of Philadelphia” — the last of which won Springsteen a Song of the Year Grammy in 1995 (one of a stunning 20 he has accumulated altogether since 1984). This is every song of the year since the Grammys started.

Click here for Bruce Springsteen’s 50 greatest songs.

Springsteen got his nickname, “The Boss,” back in his Asbury Park club days on the Jersey Shore, because he was the one who collected money at his band’s gigs and distributed it to the group. (New Jersey has spawned numerous celebrated musicians, including Frank Sinatra, Paul Simon, Dionne Warwick, Whitney Houston, and Count Basie, but Springsteen might be the best-known of all. These are the most famous bands from every state.)

That “unknown to the bulk of the public” 26-year-old turns 70 on September 23, and in the course of his brilliant 44-year career, he has become indisputably “The Boss” of modern American popular music.

To determine the 50 best Bruce Springsteen songs, 24/7 Tempo generated an index based on the total number of plays each song has received on streaming service Spotify as of September 20, 2019, popularity on Apple Music, and performance on the Billboard Hot 100 singles chart when applicable. Songs that only appeared on live albums were removed from consideration.

Ailing Thomas Cook in talks with UK government and investors for rescue deal

Sat, 21 Sep 2019 08:42:06 -0400

Millennials share their retirement plans on Twitter — let’s just say it’s not good

Sat, 21 Sep 2019 08:40:59 -0400

Wishing for early death? Living in a dumpster? Most young adults don’t see retirement in their future

To Feed a Hot Planet, They’re Making More Efficient Plants

Benjamin Ryan — Sat, 21 Sep 2019 08:32:06 -0400

Australian scientists are part of a worldwide effort to boost agricultural output to meet the growing global food demand.

Is the New Meat Any Better Than the Old Meat?

Alina Tugend — Sat, 21 Sep 2019 08:32:00 -0400

The Impossible Whopper and other plant-based burgers are a hit. But are they an improvement for you and the planet?

In a Race Against the Sun, Growers Try to Outsmart Climate Change

Marla Cone — Sat, 21 Sep 2019 08:31:57 -0400

From California to Costa Rica and beyond, farmers are experimenting with new crops and growing tactics.

Why The Fed's Cuts May Be Working

Simon Moore, Contributor https://www.forbes.com/sites/simonmoore/ — Sat, 21 Sep 2019 08:31:00 -0400

After two cuts, the Fed's actions may be improving the prospects for the yield curve and producing more alignment between market expectations and policymakers.

The Future of Wine: Very, Very Dry

Amy Yee — Sat, 21 Sep 2019 08:28:42 -0400

Scientists are testing techniques for growing vines in a hot, parched future.

Why Is China Building Africa?

Sat, 21 Sep 2019 08:21:39 -0400

On the surface, the answer is that China is investing in Africa to place the continent on the global map, help African countries develop a sound infrastructure.

M&S suffers fresh blow as finance chief quits

Sat, 21 Sep 2019 08:12:26 -0400

Marks & Spencer Group Plc said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a further setback as the retailer is demoted from Britain's leading share index.

Education Department explains why only 1% of people who applied for public-loan forgiveness were accepted

Sat, 21 Sep 2019 07:55:45 -0400

The Public Service Loan Forgiveness Program is designed to wipe away student-loan debt for people who work in public-service jobs.