American Airlines is suing travel site Skiplagged over a ‘loophole’ in the ticket price
Photo: Chip Somodevilla/Getty ImagesAmerican Airlines has sued Skiplagged, a cheap flight travel site that offers "hidden city" ticket booking flights.the lawsuitwhich Americans filed this week in federal court in Fort Worth, Texas, accuses Skiplagged of deception, as the site allows
Starbucks ordered to pay $2.7 million in lost wages to a parcel manager after two black men were arrested
CAMMDEN, N.J. (AP) — A judge has ordered Starbucks to pay an additional $2.7 million in lost wages and tax damages to a former regional manager who earlier received more than $25 million After alleging that she and other white
One diagram showing the mega assembly
Adobe attracts huge cash flowsWant an edge in trading? Follow the big money.What is big money? Simply said, it is when the stock goes up due to institutional demand. Big stocks tend to attract smart investors.You see,
Bitcoin Fair Value Guide
Bitcoin rise Bitcoin remains the leading decentralized cryptocurrency, which has increased interest over the past decade in potential applications using its underlying blockchain technology. However, in a very dynamic (and often volatile)
“Why don’t we make a clean break?”
2019 was a year of big earnings for Disney (DIS).She directed the Disney+ streaming service 10 million subscribers in one day after launch. The company completed a $71 billion acquisition of Fox entertainment assets, opened two Star Wars theme
Bond Balls at JPMorgan, Allianz. Double Down on Bet Gone Bad
(Bloomberg) -- Convinced that a recession is imminent in the United States, some of the world's most prominent money managers have loaded on government bonds this year in a bold bet that they will atone for the losses they made
Bruised stocks face a week full of tests, from Nvidia to Powell
(Bloomberg) -- Stock traders reeling from the worst market stretch since February face some pivotal events in the coming days, and Federal Reserve Chairman Jerome Powell's closely watched speech may not be the biggest test of all.Most Read from BloombergAhead
I’m 81, have a $118k mortgage and a $110k mortgage. Should I withdraw from my investment to pay off the mortgage payments?
Ask a Consultant: I'm 81, have a $118,000 mortgage, and a $110,000 IRA. Should I withdraw from my investment to make mortgage payments?I am 81 years old. I have a mortgage balance of $118,300. I also have
“I saved my pennies and invested wisely”
Fortune is looking to interview retirees about life after leaving the workforce. If you're interested in sharing your story, email Senior Writer Alicia Adamczyk at alicia.adamczyk@fortune.com.Since Chris Miller retired last year at the age of 54, he hasn't given
What do you know this week
The last full week of August will bring two major events for investors - Nvidia (NVDA) earnings and the Federal Reserve's annual conference call in Jackson Hole.The Jackson Hole Economic Symposium will kick off Thursday, with Fed Chair Jay Powell's
Goldman Sachs suggests buying these two stocks now for growth
Conventional wisdom suggests that an American recession is imminent, either during the second half of this year or the first half of the following year. But how much should we attribute it? While there are economic headwinds, we
We’re in our mid 50’s and have $2 million in our 401(k)s. Should we focus on Roth’s contributions?
Ask a Consultant: We're in our mid-50's and have $2 million in our 401(k). Should we focus on Roth's contributions?We are a dual income couple in our mid 50's with over $2 million in our 401(k)s. Should we
Warren Buffett’s favorite homemaker: Dr. Horton
Warren Buffett's Berkshire Hathaway now owns approximately $5.7 million Shares of the largest housing construction company In the US, Dr. Horton, despite rising mortgage rates and other industry headwinds."Buffett's diving into select homebuilders like Dr. Horton makes sense from a
A weaker yuan has turned Hong Kong into a haven as mainland China’s rally sends banks, insurance policies and the US dollar soaring.
The Chinese yuan has weakened this year to near its lowest level since October, and many mainlanders are rushing to Hong Kong for safety in soaring yields. Bank depositsand insurance and investment products and the US currency.Xi was from Beijing
The famous Italian dealmaker and CEO of Piaggio Colaninno passes away
Written by Crispan PalmerROME (Reuters) - Entrepreneur Roberto Colagno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, investment firm IMMSI said on Saturday.He turned 80 last week. No cause of death was
The CEO’s big break came when she left her consulting business without a plan — she says losing $100,000 is “too cheap” to pursue your dreams
Mette Lykke's CEO's first step to wild success didn't involve anything as thoughtful as a business plan or a problem she wanted to solve. It was more racist."It started with the decision to quit smoking and build something," Lakey
My retirement savings have been wiped out. How can I recoup recent investment losses that I had “late in the game?”
Ask a Consultant: I'm 81, have a $118,000 mortgage, and a $110,000 IRA. Should I withdraw from my investment to make mortgage payments?My retirement savings have been wiped out in market changes over the past two years. I
The boom in frontier cities is reorganizing the freight market
Photo: Jim Allen - FreightWavesweek chart: Outgoing Bid Market Share - Laredo, Phoenix, McAllen, Ontario sonar: OTMS.LRD, OTMS.PHX, OTMS.MFE, OTMS.ONTTruckload demand outside the Texas frontier markets of Laredo and McAllen has nearly doubled since 2018. Phoenix has seen a similar
Tough week for REITs amid more cuts and Fed talks
One of the most difficult parts of investing is deciding what to do when the companies you own are doing well but stock prices reflect a different scenario. Wall Street often looks ahead, so it's quick to react to
Consumers have spent all of their excess savings from the pandemic. JPMorgan says this is just one reason why stocks are poised to drop
Cavan Images / Getty ImagesAccording to JPMorgan, American consumers have spent all of their excess savings from the pandemic.The bank highlighted consumer weakness as one of the reasons stocks are poised to continue lower."Even with a strong job market, US