Purdue University Michael Hickey/Getty Images Venture capitalists, colleges and politicians are working to make income sharing agreements the norm on campuses. Consumer advocates are sounding the alarm. Under these types of agreements, students forfeit a slice of their future income in exchange for money to pay for college. The contracts are often framed as a
Month: August 2019
People walk by a Nike store in New York. Spencer Platt | Getty Images Here are the biggest calls on Wall Street on Friday: Seaport Global initiated KB Home, D.R. Horton, Lennar, and PulteGroup as ‘buy’ Seaport said that despite it being a “volatile” group, the firm had a “generally positive” view of the homebuilders.
In the early 2000s, professional poker reached new heights in popularity. Between ESPN, the 1998 movie “Rounders,” and Chris Moneymaker’s out-of-nowhere win at the 2003 World Series of Poker, the lure of turning professional and earning millions brought many to Las Vegas. Poker, however, is a game where players can go long periods without a
Twenty-five Disney stores will open at Target stores across the country this Oct. 4, ahead of the holiday season, in cities including Philadelphia, Denver and Chicago. Source: Target Target on Sunday announced it’s opening dozens of permanent Disney stores within its own stores over the next year, as it invests in more unique ways to
Brian Guay is a young man with a goal. The 25-year-old from Bedford, Massachusetts, who has autism, works three jobs and saves every paycheck. He is descended from a long line of farmers on his father’s side and says he wants to purchase a farm of his own someday. He’s stashing away more than $1,000
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images Some original investors in Facebook’s digital currency project are considering leaving, the Financial Times reported Friday. Two Libra founders told the Financial Times they were worried about the regulatory spotlight that the
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month. “Obviously, the global economy has worsened since our July meeting,” Clarida told CNBC’s Steve Liesman on Friday from the Fed’s economic policy symposium in Jackson Hole, Wyoming. “The global economy is slowing and there’s powerful disinflationary pressures.”
An experimental patch designed to deliver cancer medications through the skin Source: M.I.T. An experimental patch designed to deliver cancer medications through the skin showed promise in mice and human skin samples, according to new research presented Sunday at the American Chemical Society conference in California, San Diego. Researchers at the Massachusetts Institute of Technology
Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005. Patrick McMullan | Getty Images A long battle lies ahead as Jeffrey Epstein’s estate grapples with legal claims over the distribution of his assets. The 66-year-old financier was facing federal charges of sex trafficking minors and sex trafficking conspiracy. He drew
Customers try iPhones at the Apple store in Hong Kong, China. Stringer | Anadolu Agency | Getty Images Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations. Shares of Apple, Nike and Caterpillar all tanked more than 3.5%, hitting their
Sam Britton, head of tech, media and telecom M&A at Goldman Sachs Source: Goldman Sachs In the perpetual battle for tech investment banking supremacy, Goldman Sachs has taken a commanding lead this year over its Wall Street rivals, thanks to its top role in the three biggest deals of 2019. The guy at the center
Enrique Torrendell joined LinkedIn as a software developer in the company’s Reach engineering apprenticeship program in 2017, and he remains with the company more than two years later. LinkedIn Enrique Torrendell was stumped. It was 2017, and Torrendell, who previously managed a food truck business in New York, had just started a new gig at
EIR Healthcare How to apply You should fill out the newly available cancer deferment application and send it to your servicer. “A telephone call is not sufficient,” Kantrowitz said. “Keep a copy for your records.” You will need your doctor to confirm that you have cancer. He or she can do this on the cancer
International Monetary Fund chief economist Gita Gopinath speaks during a press conference in Washington D.C., on April 9, 2019. Liu Jie | Xinhua News Agency | Getty Images The outlook for the global economy keeps getting bleaker, the chief economist at the International Monetary Fund said Friday. “As the year is progressing, it’s getting harder
The final week of August — the bittersweet end of summer for many— could be highly volatile, as markets fret over the economy and the latest developments in trade wars. President Donald Trump joins the G-7 leaders in France over the weekend, and markets will be watching to see if the meeting exposes new fault
Lowe’s reported second-quarter earnings that beat Wall Street’s estimates, sending its share surging by more than 7% in premarket trading. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: $2.15, vs. $2.01 estimated Revenue: $20.99 billion, vs. $20.94 billion estimated Same store sales:
Actor Ewan McGregor arrives at the premiere of Disney Pictures and Lucasfilm’s ‘Solo: A Star Wars Story’ at the El Capitan Theatre on May 10, 2018 in Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images It’s official. Ewan McGregor will be reprising his iconic role as Obi-Wan Kenobi for Disney’s streaming service Disney+. On Friday,
If you’ve been considering a mortgage with an adjustable rate, your reasons for going that route might be disappearing. As recessionary fears cause longer-term interest rates to hover near or below short-term rates, the advantage that typically comes with adjustable rate mortgages has shrunk — or entirely disappeared — at some lenders. ARMs, as they
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth,
David Koch, the billionaire, industrialist, philanthropist, political activist and onetime vice presidential candidate for the Libertarian Party, died Friday. He was 79. “It is with a heavy heart that I announce the passing of my brother David,” Charles Koch announced in a statement. “Anyone who worked with David surely experienced his giant personality and passion
The latest escalation in the trade war between the U.S. and China increases odds the U.S. economy will fall into recession— and that the Federal Reserve will try to stop it with more aggressive interest rate cuts. President Donald Trump called on U.S. companies Friday to find alternatives to China, following a new round of
Back-to-school shopping at a Target store in West Hollywood, California. Joe Scarnici | Getty Images Target‘s second-quarter profit jumped 17%, beating Wall Street estimates and propelling the company to raise its outlook for the rest of the year, the company said Wednesday. CEO Brian Cornell said the company had “outstanding performance” during the first half
Two young women vape outside the shop they work at, Cloud99 Vapes, in Manhattan borough, New York. Melissa Fares | Reuters One person has died after being hospitalized with a severe lung illness after using an e-cigarette, the first death doctors have linked to vaping, Illinois officials said Friday. The death comes as federal and
With fears about a possible recession on the horizon, people are coming up with different ways to get their hands on some cash. Some may even be thinking about taking out a home equity line of credit as an insurance policy in case the economy goes south. Those concerns were renewed on Thursday when a
A trader works at the New York Stock Exchange in New York, the United States, on Aug. 5, 2019. U.S. stocks plunged on Monday as investors worry that U.S. President Donald Trump’s threatened new tariffs on Chinese imports will worsen trade prospects. The Dow Jones Industrial Average decreased 767.27 points, or 2.90 percent, to 25,717.74.
Kuni Takahashi | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed estimates. The company reported adjusted earnings per share of 63 cents on revenue of $4.01
Signage is displayed outside of the Cardinal Health Inc. headquarters in Dublin, Ohio. Ty Wright | Bloomberg | Getty Images Drug distributor Cardinal Health warned on Tuesday that its business could be hurt as it defends itself against several opioid-related lawsuits. Several pharmaceutical wholesale distributors, including Cardinal, have been named as defendants in about 2,500
VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian. “I like the cloud security space
Experts have a message for anyone thinking about relying on basic Medicare with no extra coverage: Don’t do it. With deductibles, copays, coinsurance and — this is a biggie — no out-of-pocket maximum, the program has a variety of costs that make having no backup insurance a huge financial risk. “All it takes is one
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Arturo Estrella, the economist who first discovered the predictive power of the yield curve, has a message for recession naysayers: It could hit sooner than you think. “It’s been 50 years and 7 recessions with a perfect record,” Estrella told
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