Monthly Archives: June 2019

DOJ, major banks meet to address elder financial abuse

Attorney General William Barr met with the general counsel of several major banks on Friday to address elder financial exploitation – a type of abuse in which older Americans lose money to fraud. Continue Reading Below The meeting centered around what financial institutions can do to slow the growing problem; according to a Department of […]

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JPMorgan’s Dimon, UPS’ Abney lead Trump’s CEO meeting on trade

President Trump had tough words for Iran, China and even the Federal Reserve on Friday, all ahead of a meeting with some of the nation’s top CEOs and before the rollout of a new health care plan intended to help small businesses offer more affordable options to employees. Continue Reading Below JPMorgan CEO Jamie Dimon, UPS CEO David Abney, Union Pacific […]

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Ships operating in Gulf region urged to take extreme caution

Governments and maritime agencies urged an abundance of caution Thursday for ships operating in the Persian Gulf region after two oil tankers were damaged in suspected attacks near the strategic Strait of Hormuz. Continue Reading Below Though details of the suspected attack on the ships in the Gulf of Oman of the coast of Iran […]

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These are the least affordable housing markets in the US, study says

As housing affordability remains a major concern for Americans, a recent analysis determined America’s least affordable housing markets. Continue Reading Below 24/7 Wall Street analyzed ATTOM Data Solutions’ Q1 2019 U.S. Home Affordability Report and found the 25 areas where the housing market was not affordable. Affordability was determined by matching the average home prices in […]

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Warren Buffett breaks million-dollar tradition at Tron CEO’s request

Warren Buffett is moving his annual private lunch about 3,000 miles west at the request of Chinese entrepreneur and auction winner Justin Sun. Continue Reading Below For nearly 20 years, since 2000, Buffett has auctioned off a pricey lunch at New York City's famous Smith & Wollensky steakhouse. The winning bidder is allowed to invite up to seven […]

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US blames Iran for explosions of oil tankers in Strait of Hormuz

The United States has blamed Iran for the attacks on two oil tankers in the Gulf of Oman on Thursday that drove up oil prices and raised concern about the U.S.-Iranian confrontation. Continue Reading Below With no diplomatic relations between the two countries, no serious dialogue is underway despite efforts by other countries to mediate. […]

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Amazon’s online market share may be smaller than previously thought

Amazon’s dominance of the U.S. e-commerce landscape may not be as significant as previous estimates suggested, according to a top research firm. Continue Reading Below The Seattle-based retail giant is projected to generate about 38 percent of all U.S. retail e-commerce sales in 2019, according to second-quarter estimates by eMarketer. That figure marks a significant downgrade […]

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PetSmart’s Chewy shares soar during its market debut

PetSmart’s online retailer Chewy's shares opened at an impressive $36 Friday in its public debut after the company priced its initial public offering (IPO) at $22 a share. Continue Reading Below Shares of the online supplies retailer, which is trading under the ticker symbol "CHWY," skyrocketed nearly 63 percent Friday. The market value of the company was $14.35 […]

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Mattel launches ‘Hot Wheels id,’ merging smart tech with classic toy

Mattel is bringing a new digital aspect to the classic Hot Wheels toy. Continue Reading Below The company launched Hot Wheels id on Friday, which offers kids “a Mixed Play experience” through updated cars, a Smart Track and Race Portal, as well as an app, according to a news release. The addition of wireless technology allows the […]

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Don’t run out of money in retirement: 4 tips to protect savings

While Americans are struggling to save, they are also living longer lives, which can put a big strain on retirement savings. Continue Reading Below On average, about half of Americans are on track to experience a potential shortfall covering essential expenses in retirement, according to Fidelity Investments. MORE FROM FOXBUSINESS.COM… SOCIAL SECURITY CAN BOOST YOUR RETIREMENT […]

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