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‘I’m worried that my daughter would blow through her inheritance.’ My family has a trust fund worth $6 million. Should I keep this money a secret from my kids?

2020-02-25
By: Staff Writer

Dear Moneyist,  My parents, who are now deceased, had a living trust with a provision for creation of a new trust that would allow my brother and I to share the income from that trust during our lifetimes. When we both die, the principal from that trust is to beRead More →

Nissan top executive Seki to resign in blow to turnaround plan By Reuters

2019-12-24
By: Staff Writer

© Reuters. FILE PHOTO: Nissan Motor’s executive officer vice-COO Jun Seki attends a news conference in Yokohama By Norihiko Shirouzu YOKOHAMA, Japan (Reuters) – The executive tasked with leading a recovery at Nissan Motor Co Ltd said he had decided to resign just weeks into his new job, a moveRead More →

The ‘mother of all bubbles’ could blow up the economy if profits don’t improve, warns Blackstone strategist

2019-11-04
By: Staff Writer

“When we try to pick out anything by itself, we find it hitched to everything else in the universe,” wrote famed naturalist John Muir more than a century ago, referring to an epiphany he had while hiking in California’s Yosemite Valley. In our call of the day, Blackstone BX, +1.88%Read More →

AMC Theatres launches streaming service in latest blow to Netflix

2019-10-15
By: Staff Writer

In the latest blow to Netflix Inc., AMC Theatres, the biggest cinema chain in the world, said Tuesday it is launching a streaming service that will allow members of its loyalty program to rent or buy films and watch them at home, the first such offering from a cinema operator.Read More →

Dollar General, PVH, other retailers adjust their outlooks to soften the blow of tariffs

2019-08-29
By: Staff Writer

Getty Images Dollar General has managed tariffs so far, but the trade war between the U.S. and China presses on Dollar General Inc., PVH Corp. and other retailers used their earnings releases this season to highlight efforts to manage increased tariffs, showing just how close the trade war between theRead More →

America’s child-care crisis: ‘The entire system is experiencing pressure from every angle and something’s got to blow’

2019-08-04
By: Staff Writer

Even if many expecting parents have their packed “go bag,” assembled the crib and adorned baby’s room, they still might not be fully prepared for life with a child. They better brace themselves even more, a new survey says — not only for sleepless nights, but also for steep child-careRead More →

William Hill to shut 700 betting shops in blow to British jobs By Reuters

2019-07-04
By: Staff Writer

By Sangameswaran S and Shashwat Awasthi (Reuters) – William Hill (L:) plans to close 700 of its 2,300 British betting shops, putting about 4,500 jobs, a third of its workforce, at risk after the government cut the maximum stake on fixed-odds betting terminals to tackle problem gambling. The cut inRead More →

Trump’s trade war with China could blow up America’s Fourth of July fireworks

2019-06-29
By: Staff Writer

President Donald Trump has generated all sorts of political fireworks in his trade dispute with China, but another round of tariffs could snuff out real fireworks in the process. Fireworks industry members, who rely deeply on China’s pyrotechnic products, are worried possible tariffs would explode the bottom line for manyRead More →

Tires blow on United jet during Newark airport landing, no injuries By Reuters

2019-06-15
By: Staff Writer

© Reuters. United Airlines flight 627 plane is pictured disabled on the runway after its tires blew when it landed in New Jersey’s Newark airport NEW YORK (Reuters) – Tires on a United Airlines jet blew out as it landed at New Jersey’s Newark airport on Saturday, causing flight delaysRead More →

Ford to close Wales engine plant in latest blow to UK car sector By Reuters

2019-06-06
By: Staff Writer

2/2 © Reuters. Ford logo is seen at the North American International Auto Show in Detroit, Michigan 2/2 By Costas Pitas LONDON (Reuters) – Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs atRead More →

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