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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There’s nearly $800 million up for grabs this weekend in the nation’s two largest lotteries. With no ticket matching all winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $350 million. Between that and Mega Millions’ $444 million top prize, a whopping $794 million is waiting for winners in the next two
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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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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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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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