Back News Sunday, May 28, 2017
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30m Updated Baby boomer congressman: The way I paid for college is ‘very different from what we see today’
Market Watch
Rep. Scott Peters introduced a bill that he hopes will make life easier for today’s student loan borrowers
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30m Updated Is wine the secret to get millennials and baby boomers to stop whining about each other?
Market Watch
Activists hope a happy hour can bring the two groups together.
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32m Updated This is how security for music concerts will change in the aftermath of the Manchester terrorist attack
Market Watch
The explosion after an Ariana Grande concert reveals the security weaknesses of major venues.
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32m Updated Young, married women should learn this skill
Market Watch
It isn’t enough to occasionally check an account — you need to be proactive about money.
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32m Updated 3 out of 4 American children in families rely on their mothers’ salaries
Market Watch
Whether married, cohabitating or single, moms have much lower salaries than their male counterparts.
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33m Economic Preview: The economy seems frozen in time, but underneath the ice the water is warming
Market Watch
A new pro-business president, record stock-market prices and the highest level of consumer confidence in years shows a lot has changed for the U.S. economy in 2017. But one thing hasn’t: growth is still pedestrian. Another healthy increase in hiring in May won’t change that.
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35m Updated The most expensive city in the world is NOT New York or San Francisco
Market Watch
Many of the costliest cities are located in Asia and Europe.
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35m Updated This is why you shouldn’t lie to a future employer about your salary
Market Watch
‘What did you earn at your last company?’ is becoming an increasingly contentious question.
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45m Updated Read this before jumping into a swimming pool this summer
Market Watch
The Centers for Disease Control and Prevention has issued a warning about recreational water.
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How to hang onto your email if you change your name45m How to hang onto your email if you change your name
USA Today
You can keep your account but not your 'handle' - but it can be tricky.
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45m Updated When Bill Gates and Mark Zuckerberg sound the same dire warning about jobs, it’s time to listen
Market Watch
The founders of Microsoft and Facebook have cautionary words for the Class of 2017.
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45m Updated The Moneyologist: Who wins under the law — a beneficiary on a life insurance policy or on a divorce decree?
Market Watch
This woman wonders whether her ex-husband has violated the terms of their divorce decree.
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46m Updated The Moneyologist: Is my golfing buddy the cheapest guy in America? He asked me to Venmo him $1.50
Market Watch
This man insisted on receiving half of a $3 reservation fee after they played a game.
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46m Updated This country has the most financially literate teens — and it’s NOT the U.S.
Market Watch
America didn’t even crack the top 5 when it comes to financial literacy among teenagers.
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47m Updated 6 things NOT to buy at Memorial Day sales
Market Watch
You might get a good deal on a mattress, but wait to buy these items.
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47m Updated Where do you get better deals — Costco or Amazon?
Market Watch
Sometimes it’s important to see and feel the product in person.
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1h 4m Russia squares up to Boeing, Airbus with maiden jet flight
Reuters
MOSCOW (Reuters) - Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.
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2h Unannounced, new Russian passenger plane completes maiden flight
Reuters
MOSCOW (Reuters) - Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first foray into mainline commercial aircraft since the collapse of the Soviet Union.
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2h Updated The Tell: Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
Market Watch
Billionaire investor Paul Singer has a bleak outlook for Wall Street and has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to be loosed upon the world.
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2h Supply problems hit production at BMW: Focus
Reuters
FRANKFURT (Reuters) - Problems at one of its suppliers has forced German carmaker BMW to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.
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Beer Man: Yozu fruit brings dull flavors2h Beer Man: Yozu fruit brings dull flavors
USA Today
Lime notes from yuzu don't lift Fugli India Pale Ale and Tropic of Yuzu.
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Susan Tompor: Does a fatter 401(k) make a baby boomer ready to retire?2h Susan Tompor: Does a fatter 401(k) make a baby boomer ready to retire?
USA Today
Fidelity Investments said its average retirement balances are at record levels. Some of that increase can be attributed to the bull market.
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3h NewsWatch: Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
Market Watch
Billionaire investor Paul Singer has a bleak outlook for Wall Street and has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to be loosed upon the world.
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15 zip codes with the most underwater properties4h 15 zip codes with the most underwater properties
USA Today
Nearly a tenth of homes with a mortgage in the United States were considered “seriously underwater” at the end of the first quarter of 2017.
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How to take the heat off your summer budget5h How to take the heat off your summer budget
USA Today
With a little work now, you can enjoy the hot season and avoid pinching pennies in the fall.
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Craft soda makers adds fizz to flat soft drink sales6h Craft soda makers adds fizz to flat soft drink sales
USA Today
Unusual flavors, healthier ingredients and the local distribution make it a hit.
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7h Updated Switch it up this year: Buy in May, till November stay
Reuters
NEW YORK (Reuters) - "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year.
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Hatchback cars stage a comeback7h Hatchback cars stage a comeback
USA Today
The underappreciated hatchback body style is enjoying a minor renaissance
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14h Beijing bling: Hyundai plots China branding reboot after missile row
Reuters
SEOUL/BEIJING (Reuters) - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.
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15h Updated The Tell: Why one hedge-fund titan is bracing for ‘all hell to break lose’ in the stock market
Market Watch
Billionaire investor Paul Singer has a bleak outlook for Wall Street and has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to be loosed upon the world.
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Mother of Uber CEO Kalanick dies in boating accident17h Updated Mother of Uber CEO Kalanick dies in boating accident
USA Today
Kalanick's father also was injured in the accident on a lake near Fresno, Calif.
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18h Updated Hollywood is running out of hit ’80s movies to reboot
Market Watch
Of the top 15 highest-grossing films from the 1980s, only three haven’t been either remade, rebooted or turned into a sequel or franchise
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18h Updated iHeartRadio parent may be shaping up for a bruising fight with its lenders
Market Watch
Troubled company has extended debt exchange offers for the fifth time, as creditors reject its approach.
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19h Updated The Tell: Why one hedge-fund titan is bracing for ‘all hell to break lose’ on Wall Street
Market Watch
Billionaire investor Paul Singer has a bleak outlook for Wall Street and has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to be loosed upon the world.
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19h Updated NewsWatch: 6 things NOT to buy at Memorial Day sales
Market Watch
You might get a good deal on a mattress, but wait to buy these items.
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Buying or leasing a car: Do you know all the pros and cons?20h Buying or leasing a car: Do you know all the pros and cons?
USA Today
Do you know all the pros and cons of each option?
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20h E-Trade finds more millennnials are taking up options trading
CNBC
E-Trade found a surprising demographic group has been getting into options trading: Millennials.
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21h Updated British Airways cancels all London flights after IT system failure
Market Watch
Flights were cancelled and passengers stranded on Saturday as British Airways battled to fix a major technical glitch.
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22h Chipotle’s data breach: How to tell if you may have been a victim
Market Watch
Chipotle updates on the data breach at some of its restaurants in the spring, giving dates and locations of restaurants affected.
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22h Reliance Communications hit by Indian mobile price war
Reuters
MUMBAI (Reuters) - Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.
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22h GM says ISS advises against Greenlight share plan, board nominees
Reuters
(Reuters) - General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.
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23h Updated Market Extra: With stocks and bonds looking pricey, investors see little that’s appetizing
Market Watch
For years, a key driver for U.S. stocks has been the idea that, no matter what potential headwinds there may be, they were more attractive than bonds. But now, with major equity indexes at records and valuations stretched by many metrics, that argument have become less compelling.
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Buy or rent: The small-business conundrum23h Buy or rent: The small-business conundrum
USA Today
Here are 4 small-business resources and guidance to help you determine if you should buy or rent.
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23h The Wall Street Journal: Trump stalls on decision to back Paris Climate Accord at G-7 summit
Market Watch
President Donald Trump was the only leader at a G-7 summit in Italy to not back a major international climate-change accord, saying he would make his decision next week.
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25h Updated Lingerie maker Nubian Skin brings nuance to the underwear color ‘nude’
Market Watch
In a short amount of time, Nubian Skin has landed big name clients including superstar Beyoncé, affirming owner Ade Hassan’s vision of making hosiery and lingerie for women with darker skin tones.
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25h The Wall Street Journal: Former National Security Adviser Zbigniew Brzezinski dies at 89
Market Watch
Zbigniew Brzezinski, known to his friends as “Zbig,” was considered for decades a leading expert on international affairs.
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25h Updated Market Extra: When do markets close for Memorial Day?
Market Watch
U.S. financial markets will be closed Monday for Memorial Day, but a host of other markets from oil futures to metals will have revised schedules.
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26h British Airways travelers suffer delays, cancellations owing to computer glitch
Market Watch
Flights were cancelled and passengers stranded as British Airways battled to fix a major technical glitch.
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26h Updated Exclusive: Fidelity may back climate resolutions, a milestone for activists
Reuters
BOSTON (Reuters) - Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations.
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26h Updated The Tell: Wall Street laughed at a call for bitcoin at $25,000—but after a 400% surge, the laughter is fading
Market Watch
As the digital currency, bitcoin, has surged a breathtaking 400% over the past year, Wall Street may be apt to take Yves Lamoureux’s call a little more seriously. At least, that is the hope of the 54-year-old former retail broker and trader who established what he describes as macroeconomic research firm, Lamoureux & Co., about four years ago.
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26h Updated ShotSpotter IPO: Five things to know about the gunshot-detection company
Market Watch
ShotSpotter, a gunshot-detection company with the goal of reducing gun violence in violence-racked cities, is aiming for Wall Street. .
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26h Updated Commodities Corner: Here’s some bad news for oil in 2018
Market Watch
Major oil producers agreed to extend their crude output cuts through March of next year, but what happens after that?
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26h Updated Market Snapshot: Consumer confidence, jobs to highlight packed stock-market week
Market Watch
Investors will surface from their long weekend to greet a data packed week as stocks push against record levels in a time of fundamental strength but political uncertainty.
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26h Updated Market Extra: Want to invest in bitcoin? Investors need to be willing to lose it all, adviser says
Market Watch
A cursory glance at extreme volatility of bitcoin suggest that it’s likely not suitable for most.
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26h Updated The Ratings Game: Costco’s got the goods to take on Wal-Mart and Amazon, analysts say
Market Watch
Costco’s latest better-than-expected earnings report shows the strength of the company versus the retail competition
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Off-lease used cars are flooding market, pushing prices down26h Off-lease used cars are flooding market, pushing prices down
USA Today
About 3.5 million vehicles will come off lease this year, after 3 million returned last year.
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26h Updated Exxon investors likely to press for climate change disclosures, change in executive pay
Market Watch
Exxon’s stances on climate-change disclosures and executive pay are among the proposals being challenged by some investors ahead of the company’s annual meeting on Wednesday.
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26h Updated Northern Ireland faces outsize risk as Brexit looms
Market Watch
Northern Ireland is the smallest of the four countries that make up the U.K., and the only one that shares a border with another EU member, the Republic of Ireland.
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26h Updated Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
Market Watch
Best Buy’s appliance sales were helped by troubles with Sears, as well as store closures from HHGregg, which has filed for bankruptcy
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26h Updated This is how Best Buy gets so many of its customers to come into its stores
Market Watch
Best Buy customers often take advantage of the buy-online-pickup-in-store option for a variety of reasons
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26h Updated Tesla factory has had higher injury rate than industry average, study finds
Market Watch
A report issued Wednesday by a California nonprofit claims that Tesla Inc. factory workers are injured at a higher rate than the industry average, and spend nearly twice as many days away from duty than the norm.
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26h Updated Opioids are ravaging the U.S., but they’re still the best pain drug we’ve got
Market Watch
The quest has seemed so elusive that it regularly draws comparison to the Holy Grail and unicorns.
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26h Updated Hotel-search site Trivago is bringing Silicon Valley to Germany
Market Watch
Hotel-search site Trivago is bringing a touch of Silicon Valley to Germany with a flat corporate structure and a listing on the Nasdaq.
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26h Updated MarketWatch First Take: Nutanix spikes as bigger customers sign on to hybrid cloud
Market Watch
Nutanix Inc. enjoyed a strong quarter of sales growth fueled by an increased number of big-name corporate customers buying into its hybrid-cloud strategy, regaining some of its credence with investors.
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26h Updated New ‘Pirates of the Caribbean’ film savaged by critics, but may top weekend box office
Market Watch
It’s unclear when Johnny Depp will catch a break from a recent string of personal upsets, but it seems unlikely to happen over the Memorial Day weekend.
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26h Updated The Ratings Game: Ugg’s move into 200 more Macy’s stores is ‘dangerous,’ analysts say
Market Watch
Ugg parent Deckers Outdoor Corp. is launching in 200 Macy’s stores and announced better-than-expected fourth-quarter earnings.
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27h The Wall Street Journal: U.K. lowers terror-threat level from ‘critical’ to ‘severe’
Market Watch
Prime Minister Theresa May says the move comes after 11 suspects are now in custody.
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These days, even janitors are being required to sign non-compete clauses28h These days, even janitors are being required to sign non-compete clauses
USA Today
Lower wage, unskilled laborers such as janitors, landscapers and entry-level health workers are often asked to sign noncompete agreements too.
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28h The Wall Street Journal: Jared Kushner reportedly discussed a secret channel to talk with Russians
Market Watch
The idea was broached in a meeting that Kushner had last December with Russian ambassador to the U.S. Sergei Kislyak, according to a person familiar with the matter.
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28h Updated Ariana Grande to perform benefit concert for Manchester attack victims
Market Watch
In a post on Twitter, the singer said, “We will not let this divide us. We won’t let hate win.”
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28h The Wall Street Journal: U.K. authorities say they’ve arrested most of Manchester bomber’s accomplices
Market Watch
Authorities’ understanding of the accomplices around Abedi is growing day by day, while noting that loose ends and key questions remained in the investigation.
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Pete the Planner: Seek out financial mentors29h Pete the Planner: Seek out financial mentors
USA Today
Most likely there’s at least one particular person’s financial life you are observing, even studying, on a regular basis. No, I don’t mean Facebook stalking.
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31h Updated In Aramco IPO pitch, Canada plays up its natural resources expertise
Reuters
((This May 26th story corrects paragraph 12 to show Falih was speaking at news conference not to Reuters and adds comment on listing))
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