Amazon shares closed down 6.3 percent on Monday suffered their steepest two-day tumble in more than four years, as investors continued to flee the stock following Thursday’s disappointing earnings report. The stock dropped $103.93 to $1,538.88 at the close, after losing $139.36, or 7.8 percent, on Friday, and is trading at its lowest price since
0 Comments
Public service loan forgiveness allows certain not-for-profit and government employees to have their federal student loans canceled after 10 years of on-time payments. But most people, like Sonn, are rejected because they don’t fulfill one of the requirements. Consumer advocates say that student loan servicers have failed to guide borrowers to the consumer protection. These
0 Comments
Goop, the lifestyle brand owned by actress Gwyneth Paltrow, has been reported to the U.K.’s trading standards and advertising watchdogs over allegations that it makes misleading claims about its products. The Good Thinking Society, a non-profit charity that campaigns against pseudoscience, confirmed to CNBC Monday that it had submitted the complaint about Goop to the
0 Comments
HSBC, Europe’s largest bank, said its third-quarter reported pre-tax profit jumped 28 percent from a year ago to $5.922 billion — slightly missing expectations. The bank’s revenue for the July-to-September quarter was $13.798 billion. While analysts had foreseen the improvement in HSBC’s financial report card, they warned that investors would likely pay more attention to
0 Comments
Amid increasingly intense hurricanes and other weather events, real estate owners are trying to get ahead of the curve by constructing new homes that can handle extremes. Some of the latest examples in high-end real estate include disaster-prepared and energy efficient properties — but ones that don’t mean retreating underground or building a bunker into
0 Comments
The impact of the ongoing trade spat between Washington and Beijing is going to have a “minimal” impact for now on China’s luxury shoppers, according to a partner at consulting firm OC&C Strategy Consultants. Most of the impact will be indirect, with the trade tariffs likely affecting the overall Chinese economy and the capacity for
0 Comments
Betterment, another robo-advisor, is using artificial intelligence in a limited capacity to back-office tasks such as check processing. The company does not use the technology to generate financial advice or manage portfolios, said Dan Egan, director of behavioral finance and investing at Betterment. “Generally speaking, machine intelligence is kind of like an autistic savant, in
0 Comments