Zelma Brezinska / EyeEm New York’s new ban on plastic bags is, on its face, an effort to reduce consumer waste. It likely also offers an important lesson on consumer psychology and how we think about money. As of Sunday, most businesses in the state can no longer offer single-use plastic bags to consumers. Several
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the
When it comes to real estate, $1 million doesn’t go as far as it used to — especially in the world’s top cities. In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate, according to a report from real estate brokerage firms Douglas Elliman
Dina Rudick | The Boston Globe | Getty Images Kohl’s shares rose Tuesday morning as the retailer reported quarterly earnings and net sales that beat analysts’ expectations. CEO Michelle Gass said the chain saw an “acceleration of traffic,” and new customers in stores and online, with Kohl’s launching a slew of new brands ahead of
Passengers arrive at LAX from Shanghai, China, after a positive case of the coronavirus was announced in the Orange County suburb of Los Angeles, California, January 26, 2020. Ringo Chiu | Reuters North Carolina health officials confirmed the state’s first COVID-19 case — a patient from Wake County who traveled to Washington state. Local health
A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings
JGI/Jamie Grill Just because you’re due a tax refund, it doesn’t necessarily mean you’ll get it. As we approach the middle of tax season, the IRS has been doling out money to those who overpaid. The federal agency has issued 37.5 million refunds, with checks averaging $3,125, according to IRS data for the week ending
As fears from Ebola and a global slowdown spread, stocks plunged on October 15, with the Dow falling more than 400 points during the afternoon before recovering slightly. Getty Images The market could see a pop this week after last week’s steep sell-off, based on simple historical analysis. Though the coronavirus remains a developing health
Elon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty Images Elon Musk jumped to the defense of fellow tech billionaire Jack Dorsey late Monday, as the latter faces pressure from an activist investor to step down as the CEO of Twitter. “Just want to say
A Target store in Culver City, California. Mark Ralston | AFP | Getty Images Target on Tuesday outpaced fourth-quarter earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays. Shares were up fractionally in premarket trading. Here’s what Target reported compared with what analysts were expecting, based
A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020. Andrew Kelly | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At
Check out the companies making headlines in the premarket Tuesday: Target — Target shares dipped about 0.8% in the premarket after the retailer reported disappointing revenue figures. The company posted revenue of $23.4 billion for the previous quarter. That’s slightly below a Refinitiv estimate of $23.5 billion. Same-store sales — a key metric for retailers
The New York Knicks are valued at $3.6 billion, the highest valued team in the NBA for 3 straight years. But the basketball team has posted 5 straight losing seasons. The franchise gets its value off the court from fixed revenues from Madison Square Garden and TV revenue. Following is a transcription of the video: Narrator:
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Rohit Jaggi, the resident aviation columnist at the Financial Times, takes to the sky aboard a King Air 350i test flight. The King Air 350i, the latest model to come out of the Hawker Beechcraft stable, is shipped with PT6 turbine engines complete with front mounted propellers.
June 8 — Gary Leffew is a world-champion bull rider who has been training the top competitors in the field for over three decades. For a small fee, amateur riders can spend a weekend learning from Leffew and his team and see how they fare on top of an angry, one-ton beast. (Video by Zach
CNN’s Jon Sarlin explains why companies panic when Amazon enters their markets and what unexpected opportunities that can bring.
PeopleImages Americans nearing retirement are among the many casualties of the coronavirus, as fears around its global spread and resulting economic damage caused a steep selloff in the stock market last week that potentially upended the retirement outlook for many individuals. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite — which serve as barometers
There could be a tug of war brewing over which standard financial professionals should follow when they provide advice or sell products such as annuities to individual investors. The Securities and Exchange Commission is unveiling a new regulation, called Regulation Best Interest, which requires broker-dealers and professionals associated with them to keep their clients’ best
The cure to the stock market’s coronavirus-driven volatility is not lower interest rates from the Federal Reserve, CNBC’s Jim Cramer said Monday. “Unless the Fed can create a vaccine or beat the virus, then it really doesn’t matter,” Cramer said on “Squawk on the Street.” The “Mad Money” host was speaking as U.S. stock futures, which
A Gama Aviation Gulfstream 4SP (Photo by: Aviation-images.com | Universal Images Group | Getty Images Wheels Up, the fast-growing private aviation start-up, acquired jet operator Gama Aviation, creating the second-biggest private aviation company in the U.S. Terms weren’t disclosed by the two companies, which are both privately held. But the deal transforms Wheels Up, founded
Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters This is a developing story. Check back for updates. Stock market futures rose in early trading following Monday’s roaring comeback rally that saw the Dow Jones Industrial Average post its biggest percentage gain since March 2009 and
Pedestrians walk past a Victoria’s Secret store, a subsidiary of L Brands, in New York. Craig Warga | Bloomberg | Getty Images L Brands reported earnings and sales for the holiday quarter that topped analysts’ expectations, as it prepares to take its Victoria’s Secret lingerie business private. Its shares were relatively unchanged in after-hours trading
Empty shelves of sanitizer products at a CVS in Rivers Edge, N.j., as a result of the coronavirus outbreak. Fahiemah Al-Ali | CNBC As an outbreak of a new coronavirus causes some U.S. customers to fill up shopping carts and thin out store shelves, industry groups and experts say grocers can tamp down on “panic
Warren Buffett is the third richest person in the world, but he lives a modest life. He drinks five cokes a day and even eats McDonald’s for breakfast. The CEO and chairman of Berkshire Hathaway donates billions to charities. He still lives in the house he bought in the 1950s, which is now worth over
About a fifth of the global bond market trades at negative yields. FT statistics journalist Federica Cocco explains why, and what the attraction is for investors. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or to
Nov.23 — PepsiCo Chief Executive Officer Indra Nooyi discusses the concept of “having it all” with David Rubenstein on the sixth episode of “The David Rubenstein Show: Peer-to-Peer Conversations.”
A beautiful 50-acre estate in the heart of the Berkshires has one unique feature: a luxurious, heated, self-cleaning pool that was converted from an old limestone rock quarry.
Cristiano Oliveira, co-founder and CEO of Olivia AI. When I got my first iPhone about 10 years ago, I didn’t think much of it. It was just like my old-school flip phone, but more brick-like and better at stretching out the pockets in my jeans. This was, of course, extremely shortsighted. More than 80% of
Ed Hyman, a widely followed economist on Wall Street, said the coronavirus outbreak could end up causing a recession in the U.S. and slashed his U.S. GDP forecast to zero growth in the second and third quarters of this year “More cases are showing up in the U.S. and seem likely to be just the
With the Federal Reserve expected to act soon in response to the coronavirus scare, there’s a chance that the central bank could take policy back to where it was during the financial crisis. Goldman Sachs economists said Sunday they see the Fed cutting rates by 50 basis points by its March meeting or sooner, and