Posts From King World News
Two units of Citigroup will pay nearly $180 million to settle financial crisis-era charges alleging they defrauded investors in two hedge funds by telling them the funds were safe, low-risk investments, U.S. regulators said Monday. The Securities and Exchange Commission said that Citigroup Global Markets Inc and Citigroup Alternative Investments LLC are settling without admitting or denying the charges, and that the funds will bear all of the costs for
U.S. homebuilders grew slightly more optimistic about the housing market in August, putting their confidence at levels last seen a decade ago during the debt-fueled housing boom. The National Association …
In a note this morning, Jonas has increased the price target for Tesla to $465 from $280 (the stock is currently at about $243). The key reason behind this is what he calls “Tesla Mobility, an app-based, on-demand mobility service.” The race for autonomous driving is nothing new, with tech giants such as Apple and Google also making a push in this realm, but the report says Tesla is well positioned to get
Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes. The typical first-timer now rents for six years before buying a home, up from 2.6 years …
Manufacturing activity in New York state contracted in August at the fastest pace since the Great Recession, pulled down by sharp declines in new orders and shipments. The Federal Reserve Bank of New York …
Oil prices fell towards six-year lows on Monday on data showing the economy of Japan, the world’s third-biggest oil consumer, contracted in the second quarter. U.S. crude, or West Texas Intermediate (WTI), for September was trading 45 cents lower at $42.05 a barrel at 1348 GMT, close to its lowest in more than six years. Over the past two weeks, U.S. crude prices have fallen by more than 10 percent
The Greek government appears likely to call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country’s new bailout deal, senior ministers said on Monday. Energy Minister Panos Skourletis described such a parliamentary vote as “self-evident” following Friday’s rebellion when almost a third of Syriza deputies abstained or voted against the agreement. With Syriza’s left wing showing little sign of returning to the party
In case you needed more evidence that getting a college degree is generally a good idea, Georgetown University is out with a new report that underscores how important a diploma has been in this recovery. Of the 2.9 million “good jobs” created during the recovery from 2010 to 2014, 2.8 million — or 97 percent — have gone to workers with at least a bachelor’s degree, according to Georgetown’s Center on
If you’ve never perused Folli Follie’s assortment of drool-worthy jewelry, handbags and accessories, then you’re missing out. Since 1982, the Grecian-based brand has delivered a…
These ladies’ claws are out, and the show hasn’t even started yet! On tomorrow night’s premiere episode of E!’s new series WAGS, a girls’ night out turns into a…
