Month: May 2019

Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff
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IBM CEO Ginni Rometty said Friday that corporations owe it to society and their shareholders to help prepare people for AI-driven changes to the workforce. In a world where it is expected that artificial intelligence will impact every existing job, she said business leaders have an important social, corporate and economic responsibility to help high
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Ferrari SF90 Stradale Source: Ferrari Ferrari just launched Its most powerful street-legal car ever — a 986 horsepower road bullet with three electric motors. The SF90 Stradale marks Ferrari’s first plug-in hybrid that’s not built for the racetrack. It’s powered by a 4.0-liter turbocharged V8 that generates 769 horsepower, but gets another 217 horsepower from three
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Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt
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SAN FRANCISCO, CA – SEPTEMBER 25: Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. The week-long Oracle Open World conference runs through September 26. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Dell Technologies
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U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession.  At around 02:50 a.m. ET, Dow futures slipped 224 points, indicating a negative open of more than 204 points. Futures on the S&P and Nasdaq were both seen slightly lower.  Market participants moved aggressively to price
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Windmills are bringing some of the cheapest electricity to the Permian Basin, pushing natural gas prices into the negative, Pioneer Natural Resources CEO Scott Sheffield told CNBC Thursday. “Pioneer has taken our gas to California, so we’re not seeing any of the negative prices,” he said in a one-on-one with “Mad Money’s” Jim Cramer. “But
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MixAll Studio | Blend Images | Getty Images Robo-advisors have made one thing abundantly clear to traditional financial advisors: Picking investments for clients is simply not enough anymore. “Investments are table stakes now,” said certified financial planner Erin Wood, vice president of wealth planning at Carson Group Holdings in Omaha, Nebraska. “Advisors have to help
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An employee arranges merchandise at a Dollar General store in Arvada, Colorado. Rick Wilking | Reuters Dollar General beat analysts’ estimates for quarterly same-store sales on Thursday, as customers spent more on groceries, seasonal products and home goods at the discount retailer’s stores. The company reported a 3.8% rise in same-store sales, beating the average
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MangoStar_Studio | iStock | Getty Images The hottest workplace benefit for the newly-graduated set isn’t 401(k) matches or even student debt repayment. It’s health insurance. More than half of the people participating in a survey conducted by the American Institute of CPAs said medical coverage was a “top three workplace benefit.” The accounting association polled
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Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,
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