The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars.
Walmart , the world’s largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury’s last year.
Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.
Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.
After only nine months, Shawn Gensch has resigned from his post as JCPenney EVP and chief customer officer.Gensch started at the Plano, Texas-based firm in June, reporting directly to CEO Jill Soltau. Gensch had recently held the same role at Sprouts Farmers Market and had previously worked for Target Corp. for a decade. As JCP’s chief customer officer, he led all aspects of the company’s marketing strategies and initiatives.”Shawn Gensch resigned from his position as executive vice president and chief customer officer at JCPenney,” a JCPenney spokesperson told FN. “The company thanks Shawn for his contributions in developing the Plan …read more […]
(Bloomberg) — New-home sales in the U.S. jumped at the start of the year, reaching the strongest pace since mid-2007 on the heels of cheaper borrowing costs, favorable weather and a resilient labor market.Single-family home sales rose 7.9% to a 764,000 annualized pace in January, exceeding the median estimate in a Bloomberg survey, while the December figure was revised higher, government data showed Wednesday. The median sales price jumped 14% from a year earlier to a record $348,200 as more expensive properties made up a larger share of purchases.Key InsightsMortgage rates near three-year lows, elevated consumer confidence and steady employment …read more […]
The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars. In a unanimous ruling, the justices upheld a lower court decision that revived the proposed class-action lawsuit filed by former Intel engineer Christopher Sulyma against Intel. The justices rejected the tech company’s argument that Sulyma’s lawsuit had been filed too late. …read more […]
Axos Invest is the self-proclaimed “world’s first free financial advisor.” Is this truly the case? The business offers free account management, trading and no rebalancing fees. However, it’s important to recognize the additional costs before signing up.
This robo-advisor may not be for everyone. Yet, it does check every box for specific types of investors. Learn more about this growing investment platform below.
What is Axos Invest?
Axos Financial (NYSE: AX) is a holding company for Axos Bank with over $11.2 billion in assets. It provides consumer and business banking products. Moreover, it offers financing for single and multifamily residential properties. Axos Bank …read more […]
Older Americans are defrauded out of $3 billion per year. One of the most popular scams con artists run on the elderly is known as the ‘grandparent scam.’ …read more […]
Wall Street’s main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.
Markets have taken a pounding in recent sessions, with the S&P 500 losing nearly 8% in the last 6 days. Opinion is divided on the cause, with most pointing to the impact of the coronavirus outbreak on China’s economy and on global trade and travel patterns. It hasn’t escaped notice, however, that the sudden hit to the market has occurred just as Senator Bernie Sanders, an avowed socialist with a vigorous anti-Wall Street policy platform, has taken a commanding lead in the race for the Democratic Party Presidential election nomination.Whatever the reason, markets have erased the gains they’ve posted so …read more […]
Tread carefully, value-seeking investor. The impact to stocks from the coronavirus may just be getting started. …read more […]
One of the biggest stories of last week was how Palo Alto Networks, Inc. (NYSE:PANW) shares plunged 21% in the week… …read more […]
A $15 minimum wage would boost family income for some, but for others it could mean falling below the poverty threshold. …read more […]
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