Month: April 2020

Ariel Investments co-CEO and president Mellody Hobson speaks at the 2017 Fortune Most Powerful Women Summit in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Investment expert Mellody Hobson is a firm believer in teaching kids about investing. She’d like it taught at every school in America — even at a young
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Phynart Studio Prior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it’s time to plan. Although many financial plans
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General Electric reported Wednesday a steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic.  The company posted a total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GE Industrial profits fell 46% year over year to $1.096 billion from $2.017 billion. On an
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Microsoft CEO Satya Nadella Tobias Schwarz | AFP | Getty Images Microsoft shares rose 2% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud business. The company said in a statement that the coronavirus “had minimal net impact on the total company revenue” in the
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Jeff Bezos is the wealthiest person in the world, with a net worth of $156 Billion. He has five real estate investments and is one of the country’s largest land owners. Bezos liquidates $1 billion a year to fund his space exploration company, Blue Origin. —————————————————— #Amazon #JeffBezos #BusinessInsider Business Insider tells you all you
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Collecting seaweed and shellfish from the East China sea is a tough way to earn a living but the haenyeo women have been doing it for centuries on the South Korean island of Jeju. Now, many are ageing and only a handful of youngsters are taking
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June 13 (Bloomberg) — Behind two sets of ornate doors at Tiffany’s New York flagship store is a top-secret room. The Salon houses Tiffany’s most over-the-top pieces. The way you gain access is by referral or spending a lot of cash. With wedding season in full swing, Jeff Bennett, Tiffany’s vice president for the New
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Getty Images If you received a stimulus check for a deceased relative, you should think twice before spending that money. Treasury Secretary Steve Mnuchin told The Wall Street Journal that he expects families who receive those checks to return the money. “You’re not supposed to keep that payment,” Mnuchin told the paper. “We’re checking the
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Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
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“Gronk” is back. Former New England Patriots star Rob Gronkowski (affectionately known as “Gronk”) shocked the sports world Thursday when he announced that after a year away from football he will be returning to play with his old teammate Tom Brady on the Tampa Bay Buccaneers. In 2019, after the 2018 NFL season, Gronkowski announced his retirement following
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Shoppers are increasingly paying in ways that don’t involve touching cash, or handing over a credit card, because of fears of the coronavirus, according to Mastercard.  The credit-card giant reported a 40% jump in contactless payments — including tap-to-pay and mobile pay — during the first quarter as the global pandemic worsened. Mastercard CEO Ajay Banga
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Image Source | Getty Images When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough. Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months. Now, political leaders are turning to proposals for putting more income in Americans’ hands. “Others have
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Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday.  “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
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In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many
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Google CEO Sundar Pichai Getty Images Alphabet shares rose as much as 4% in extended trading on Tuesday after the company reported earnings for the first quarter, during which the coronavirus spread globally. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue: $2.78 billion YouTube advertising revenue: $4.04 billion
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Ever been stuck in an airport, parched and hungry? You’ve already spent a fortune on tickets and baggage fees, and somehow you end up buying a giant Toblerone and a $5 water. You’re not alone. Spending in airports hit $40 billion in 2017. On average, travelers will spend anywhere from $11 and $140 per airport
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► Subscribe to FT.com here:http://bit.ly/2GakujT The sister of supreme leader Kim Jong Un has become the global face of North Korean diplomacy after being dispatched to the South for the Winter Olympics Edited by Paolo Pascual. Footage from Reuters. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial
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