Chinese President Xi Jinping Aris Messinis | Pool | Reuters Chinese leader Xi Jinping said on Friday the “phase one” trade deal is beneficial to both China and the U.S., according to state-run media agency Xinhua. “The first-phase economic and trade agreement reached between the U.S. and China is a […]
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Boeing Starliner fails key NASA mission as autonomous flight system malfunctions
Boeing‘s spacecraft Starliner, developed to fly astronauts, failed to achieve the goal of its critical flight test for NASA, which launched to space on Friday. Starliner was supposed to fly to the International Space Station (ISS), deliver cargo, and return safely – to demonstrate its capabilities and safety. But the […]
NBC’s Peacock will try to differentiate itself from Netflix, Disney+ with live streaming element, tiered pricing structure
(Photo by Paul Drinkwater/NBC/NBCU Photo Bank via Getty Images) When streamers first log on to NBCUniversal’s new streaming service Peacock, they may get something they won’t see on Netflix, Disney+ or HBO Max — live video. Users will be greeted by streaming content, similar to turning on traditional television, according […]
Regulators want to make it easier for Americans to buy risky investments
Colin Anderson Productions pty ltd More Americans may soon be able to buy into risky investments such as private equity funds, hedge funds and stock in start-up companies — and investors should be wary. The SEC this week proposed a rule that would loosen requirements around who can invest in […]
New Alphabet CEO Sundar Pichai gets a salary bump and at least $120 million in stock
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Sundar Pichai will make $2 million in salary and up to several hundred million dollars in stock grants in his new position at CEO of […]
Trump says he had a ‘very good talk with President Xi’ about China trade deal
Chinese President Xi Jinping shakes hands with President Donald Trump before a bilateral meeting during the G20 Summit on June 29, 2019 in Osaka, Japan. China News Service | Getty Images President Donald Trump said Friday that he had a “very good talk” with Chinese leader Xi Jinping about the […]
Rising market set to get another lift from official ‘Santa Claus rally’ period beginning next week
A man dressed as Santa Claus walks the floor of the New York Stock Exchange. Shannon Stapleton | Reuters The so-called Santa Claus rally is around the corner, a short boost in stocks that investors have enjoyed for decades. The stock market tends to have unusually strong performance during the […]
House passes bill to lift $10,000 cap on state and local tax deductions
Busakorn Pongparnit | Moment | Getty Images The Democratic-controlled House passed a bill on Thursday that would do away with the $10,000 limit on the itemized deduction for state and local taxes for two years. Legislators narrowly voted in favor and did so largely along party lines: 218 to 206. […]
Democratic candidate Elizabeth Warren releases a $10.7 trillion plan to create 10.6 million green jobs
Democratic presidential hopeful Massachusetts Senator Elizabeth Warren waves as she arrives for a town hall devoted to LGBTQ issues hosted by CNN and the Human rights Campaign Foundation at The Novo in Los Angeles on October 10, 2019. ROBYN BECK | AFP | Getty Images Sen. Elizabeth Warren, D-Mass., released […]
How to save $2 million for retirement if you make $75,000 a year, broken down by age
Almost a quarter of Americans have less than $5,000 saved for retirement. And to someone with no savings and an annual salary of $75,000, the idea of putting away $2 million for retirement can seem like an impossible goal. It can be done, however, it will take time and dedication. […]