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Yearly Archives: 2019

Jay-Z sent Rolexes with VIP invites to Shawn Carter Foundation Gala

Shawn “Jay-Z” Carter has taken the idea of VIP to a new level — the billionaire sent Rolex watches as exclusive invites to his first Shawn Carter Foundation Gala, Essence reports. Rappers Kasseem Dean, aka Swizz Beatz, and Robert Rihmeek Williams, aka Meek Mill, both shared their VIP Rolex watch …

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Global energy demand will keep world burning fossil fuels, agency says

The world may be shifting toward renewable energy, but the pace isn’t fast enough to offset the impacts of worldwide economic expansion and a growing population, the International Energy Agency (IEA) warned. In its World Energy Outlook 2019 report, released on Tuesday, the Paris-based policy adviser said that while the …

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The Dow was perfectly unchanged on Tuesday, a rare occasion on Wall Street

You wouldn’t have known the stock market was open on Tuesday just by looking at the Dow Jones Industrial Average. The 30-stock average closed flat going out to at least six decimal places. It’s rare for trading to be this futile. The last time the Dow closed perfectly unchanged was …

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Marillyn Hewson turned Lockheed Martin into a stock market juggernaut

Marillyn Hewson, the Chairman, President and Chief Executive Officer of Lockheed Martin. Carl Court | AFP | Getty Images WASHINGTON — Nearly seven years ago, Marillyn Hewson became the first woman to run Lockheed Martin — America’s biggest defense contractor — and investors have reaped the rewards of her leadership. …

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SmileDirectClub’s shares skid after first earnings report since IPO

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Online dentistry company SmileDirectClub’s third-quarter revenue jumped …

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Jerome Powell speaks, inflation gauge, Cisco earnings

Federal Reserve Board Chairman Jerome Powell holds a news conference on October 30, 2019 in Washington, DC. ERIC BARADAT | AFP | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Fed’s Powell testifies After a speech from President Donald Trump …

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Rare portrait of teenage Mozart to be auctioned in Paris

Workers install a portrait due to be sold at auction by Christie’s on November 27 which depicts composer Wolfgang Amadeus Mozart as a teenager, painted in January 1770, and attributed to Veronese master Gaimbettino Cignaroli, in Paris, November 12, 2019. REUTERS/Christian Hartmann PARIS (Reuters) – A rare portrait of Austrian …

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How to start paying back your student loans

Shaun Wilkinson | iStock | Getty Images Plus For recent college graduates, the approach of December brings a dose of harsh reality. Federal student loans, which make up the bulk of student debt, generally have a six-month grace period after graduation to give borrowers time to get on their feet …

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Emerging markets may need to break one level for rally to have legs

An underperforming corner of the market has shown signs of strength over the past month. Emerging markets are lower Tuesday but scoring larger gains than the S&P 500 so far this quarter. The EEM emerging markets ETF has added nearly 6% since the beginning of October, while the S&P 500 …

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Stocks could gain more than 20% from here, chart analysis shows

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images The S&P 500 could surge in a powerful rally to 3,850, if stocks stage the same type of …

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