As Aswath Damodaran, a finance professor at the New York University Stern School of Business, put it, “It’s always tough to follow a legend.” Suffice to say that Mr. Immelt won’t be writing a book like Mr. Welch’s national best seller, “Jack: Straight From the Gut,” to celebrate his tenure at the helm of G.E.
View Pictures | UIG | Getty Images Buckingham Palace Road,United Kingdom, Architect London, Google London Google could be slapped with a fine of more than 1 billion euros ($1.1 billion) as the EU begins the first stage of a three-pronged probe into the search group’s practices, the Financial Times reported. In the coming weeks, EU
Asia’s massive population and their expanding wallets have made the region a fertile ground for whiskey sales. Along with that came a group of aficionados who saw the potential to grow their wealth by investing in bottles of the distilled liquor. The principle behind it is simple: buy bottles of rare, limited edition whiskey and
Marriott International, which already has one hotel open in Cuba and another in the works, urged the Trump administration to rethink its plan. “We are at an important moment in the relationship between the United States and Cuba,” Marriott said in a statement. “Travel between our two countries continues to increase and strengthen an evolving
Kevin Hagen | Getty Images News | Getty Images Traders finish the day at the NYSE after markets took a sharp turn downward after news reports of former FBI Director James Comey’s interactions with President Trump on May 17, 2017. Check out the companies making headlines after the bell: Finisar shares slipped nearly 3 percent
Technology shares are under pressure this month on concerns that valuations are out of control, but a new report suggests growth stocks such as the tech group can still post strong long-term returns from these levels. Even at a price-earnings ratio near 20 for growth stocks, history shows returns 10 years later were in the
Summer’s here, and that means plenty of opportunity — and risk — for beach-house owners who want to rent out their dwellings. Reservations at Airbnb are up sharply year-over-year for beachside destinations, in the U.S. and abroad. Havana, Cuba — where you can rent a swanky seaside home for $528 a night — has seen
Make sure your trusted family member or friend has the contact details for your financial team. Ideally, you can arrange a meeting between them well before there’s a need, Schmitt said. That helps set guidelines for your trusted contact’s involvement and can make both parties feel comfortable reaching out with concerns. Without that prior interaction,
Forget frequent flier miles, last-minute getaways and even road trips. Nearly half of Americans say they won’t be taking a vacation this summer, mostly because they can’t afford it, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. The new AP-NORC survey, conducted in May, said 43 percent of Americans
Kroger CFO Mike Schlotman told CNBC on Thursday the grocer’s weak profit outlook was because of deflation in food prices and increased competition in the grocery industry. “In the quarter, we had about 20 basis points of deflation, excluding fuel. That was a little bit less deflation than the prior year and the prior quarter.
During the 2004–2006 period of Fed rate increases, for example, REITs posted cumulative total returns of 77.9 percent, compared with 32.5 percent for stocks and 8.6 percent for bonds. REITs own a broad array of property-ownership ventures, including apartments, hospitals, warehouses and commercial property such as hotels, shopping malls and office buildings. The game for
In simple terms, an IRA trust prevents an heir from receiving money outright from the IRA upon the account owner’s death. Without a trust, heirs can treat an inherited IRA as a piggy bank to whatever degree they want, as long as they take required minimum distributions as mandated by the Internal Revenue Service. Unfortunately,
Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report. The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89
The ability to pay for health-care needs is — and will remain — one of the most critical issues of retirement. Most people today will live longer than their parents or grandparents did. That means they’ll enjoy a longer retirement — but it also means they will most likely need more money to cover health
Getty Images A visitor stands in front of a painting entitled ‘Masterpiece,’ during a press preview of ‘Lichtenstein, a Retrospective’ at the Tate Modern on February 18, 2013 in London. Hedge fund billionaire Steve Cohen is back — and he’s spending bigger than ever. An avid art collector, Cohen paid $165 million earlier this year
While those returns are real money, it is important to remember there are, of course, risks associated with investing, as well as eventual tax payments. As such, there are six questions that can help you determine whether deferring compensation is a good choice ahead of the upcoming June 30 deadline: Do I have sufficient liquidity?
Saks Fifth Avenue owner Hudson’s Bay said on Thursday it would cut about 2,000 jobs across North America in a major restructuring effort as it reported a wider-than-expected first-quarter loss. The Canadian department store operator, which also posted a steeper-than-expected drop in quarterly retail sales, said the move would help the company save more than
Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera, a developer of software for managing and analyzing vast amounts of data, posted better-than-expected financial results in the company’s first earnings report since its IPO. That wasn’t good enough for Wall Street. Cloudera shares plunged 15 percent after hours
“The assumption is that our wealth does us little or no good after we’re dead,” said Steven Sass, a research economist at the Center for Retirement Research at Boston College and author of a recent research brief on the effect of surging retirement on investment returns. However, Sass says these assumptions are too simplistic and
Truck and engine maker Navistar posted a quarterly loss, compared with a year-ago profit, partly due to lower sales of its trucks in the United States and Canada and a $60 million charge related to used-truck inventories. Navistar’s shares were down about 9.5 percent in premarket trading on Tuesday. Revenue in the company’s truck business,