When interest rates are so low for so long, strange things begin to happen, New York Times’ bestselling author, former M&A investment banker, and long-time financial journalist William Cohan told Real Vision’s The Interview. In his view, people have been taking risks trying to find higher rewards than they canRead More →
By David Shepardson WASHINGTON (Reuters) – Boeing Co (N:) is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday. CNBC first reported the news on Monday, citing sourcesRead More →
‘I love riding a horse that’s running.’ David Tepper tells CNBC Perhaps, cribbing from the lyrics to the viral song “Old Town Road”, David Tepper is going to take his horse and ride till he can’t no more. That is essentially the sentiment conveyed by the founder of hedge fundRead More →
© Reuters. An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton (Reuters) – Boeing Co (N:) said on Thursday Michael Luttig, who was appointed senior adviser to the planemaker’s board amid the 737 MAX crisis in May, will retire at theRead More →
© Reuters. David Calhoun is congratulated after his company’s IPO opened on the floor of the New York Stock Exchange By Allison Lampert, Kenneth Li and Tim Hepher (Reuters) – Beleaguered Boeing Co (N:) is putting its future in the hands of a turnaround veteran who has led several companiesRead More →
© Reuters. FILE PHOTO: Boeing CEO Muilenburg testifies before Senate Commerce, Science and Transportation hearing on grounded 737 MAX on Capitol Hill in Washington By Ankit Ajmera and Tim Hepher (Reuters) – Boeing Co (N:) has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashesRead More →
AFP via Getty Images Watch out for sparks in the new year. NEW HAVEN, Conn. (Project Syndicate) — Predicting the next crisis — financial or economic — is a fool’s game. Yes, every crisis has its hero who correctly warned of what was about to come. And, by definition, theRead More →
(Bloomberg) — Tata Steel Ltd. plans to axe about 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K. About two-thirds of the reductions would be office-based staff, according toRead More →
There are more millionaires next door. Despite that fact that most people are undersaved for retirement, a study released by Fidelity Thursday shows that the retirement savings picture isn’t quite as grim as you might think. Indeed, the number of 401(k) and IRA millionaires hit a record high at theRead More →
Amundi’s AMUN, -0.70% chief investment officer has warned the asset management sector could be on the verge of a wider liquidity crisis, amid heightened scrutiny by investors in the wake of Neil Woodford’s downfall. “This business is a trade-off between risk, return and liquidity. We have the ingredients ofRead More →
Bloomberg News Jamie Dimon, chief executive officer of JPMorgan Chase & Co. JPMorgan Chase & Co CEO Jamie Dimon said Friday that the turmoil in the plumbing of the financial system last month may be precursor of a bigger crisis if the Federal Reserve doesn’t learn from the experience. DuringRead More →
‘Just do the math, there’s 89 million millennials in a 330 million population of the United States of America. And then the group behind them — this is crazy — is just as big. In 20 years, there is going to be way more payers into the Social Security systemRead More →
© Reuters. Boeing Chairman, President and CEO Dennis Muilenburg speaks at the New York Economic club luncheon in New York City By Nivedita Balu and Eric M. Johnson (Reuters) – Boeing Co’s (N:) board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announcedRead More →
Edge of your seat or under your seat may both be good spots to watch the U.S.-China trade talk-show getting under way Thursday. That’s judging by the stream of conflicting news reports that have been whipping markets around, such as one report saying the Chinese would bail early, briefly wipingRead More →
By Tracy Rucinski CHICAGO (Reuters) – Delta Air Lines (N:) pilots are receiving record overtime, straining the airline’s labor costs, partly as it adds more flights to take advantage of a gap in demand left by the grounding of the Boeing (NYSE:) 737 MAX at rival carriers, union officials toldRead More →
The eurozone economy keeps slowing — forecasts are regularly proving to be too optimistic. After its latest cut to GDP estimates, the European Central Bank now sees gross domestic product growing 1.1% this year and 1.2% in 2020, compared with projections issued in June for 1.2% GDP in 2019 andRead More →
U.S. soldiers fought in America’s war on terror — and then found themselves on the front lines of the opioid epidemic back home, according to a new study. Deployment and combat during the wars in Afghanistan and Iraq has fueled the opioid crisis among returning soldiers and also for theRead More →
In order to solve large-scale challenges, it is important to remember that innovation – the creation of new solutions – does not only involve technology, but it can also come from changes in thinking, in mindset, and applying old ideas and tools anew. Especially when tackling difficult issues like theRead More →
Matteo Salvini, Italy’s deputy prime minister, could not have chosen a worse moment for both the Italian and the European economies to trigger an Italian political crisis. Global economic policymakers and investors would be ignoring Italy’s deteriorating political situation at their peril since an Italian economic crisis has the potentialRead More →
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 →
By Swati Bhat and Nupur Anand MUMBAI (Reuters) – Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki (NS:) dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning – not a single customer was in sight.Read More →
MarketWatch photo illustration/Getty Images Will more information help borrowers navigate college costs and student loans? With the growth in student loans continuing to soar, politicians and borrowers struggling with an issue that’s become both a financial and political problem. Presidential candidates are proposing to cancel student debt and make publicRead More →
Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgagesRead More →
The business environment is deteriorating — fast. That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gaugeRead More →
This is the first in a six-part series of stories about programs that offer high-school students the opportunity to take college classes. The series was produced with support from the Education Writers Association Reporting Fellowship program. (Read part two here.) There’s not much Barack Obama and Betsy DeVos see eye-to-eyeRead More →