© 2019 Bloomberg Finance LP Federal minimum wage hikes could crush scores of small businesses across America, already pushed near the cliff by high rents and growing state and city labor regulations. Minimum wage hikes are reaching a fever pitch lately in America. Politicians at all levels, federal, state, and local are racing to get
Summer is the hardest time to rent an apartment in New York City, so be prepared to pounce. Getty The crippling heat waves and power outages aren’t the only things that make summer in New York City unbearable. It’s also the worst time to look for a rental apartment. “The worst time to look is
An interview and Q&A with billionaire investor and founder of the world’s largest Hedge fund Bridgewater Associates, Ray Dalio.In this interview, Ray discusses how capitalism is not working for everyone and the midterm election. Ray also talks about China and how to structure your portfolio for the next financial crisis. ????Books by Ray Dalio and
A Congolese health worker administers ebola vaccine to a child at the Himbi Health Centre in Goma, Democratic Republic of Congo, July 17, 2019. Olivia Acland | Reuters The deadly Ebola outbreak in the Democratic Republic of the Congo has been declared a global emergency by the World Health Organization days after a case of
Johnson & Johnson‘s profit jumped 42% in the second quarter, with all three of the sprawling health-care company’s businesses performing better than Wall Street expected. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Earnings per share: $2.58, adjusted, vs. $2.46 expected Revenue: $20.56 billion vs.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Check out the companies making headlines midday on Wednesday: CSX — CSX dropped more than 10% after the transportation company’s second-quarter earnings missed estimates and it cut its revenue forecast. CSX reported earnings of $1.08 on
Guests view sneakers on display for “The Ultimate Sneaker Collection” online auction at Sotheby’s on July 15, 2019 in New York City. Dia Dipasupil | Getty Images A collection of sneakers being auctioned by Sotheby’s sold for $850,000, proving that rare sneakers are becoming a coveted collectible. Sotheby’s and digital retailer Stadium Goods opened the
Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a
Getty Images New Yorkers are paying the heftiest state income taxes. Residents in the state paid $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Connecticut came in second with $2,218. Massachusetts followed in third: $2,146. Meanwhile, there are seven states that don’t tax
Kevin O’Leary Scott Mlyn | CNBC “Mr. Wonderful” Kevin O’Leary, looking through the prism of his more than 50 “Shark Tank” companies, raves about the U.S. economy. “Most of the Sharks have a similar portfolio,” O’Leary told CNBC on Wednesday. “It’s an amazing index on America’s economy because they’re almost in every state, in every