‘It’s possible the market can rally’: Financial advisors say a recession isn’t inevitable

Ascentxmedia | E+ | Getty Images The CEOs of some of the biggest American companies believe the economy may be heading for a recession. “It could be a hurricane,” JPMorgan Chase CEO Jamie Dimon said on CNBC’s “Squawk Box” on Tuesday morning. Yet financial advisors warn against too much certainty, or pessimism, over what’s next. ‘It’s possible…

Cigarette Taxes and Cigarette Smuggling by State, 2020

Key Findings: Excessive tax rates on cigarettes induce substantial black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources. New York has the highest inbound smuggling activity, with an estimated 53.5 percent of cigarettes consumed in the state deriving from smuggled sources in 2020. New York is followed…

Nike and Kyrie Irving split up after antisemitism controversy

In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT BROOKLYN, NY – DECEMBER 2: Kyrie Irving #11 of the Brooklyn Nets prepares to shoot a free throw during the game against the Toronto Raptors on December 2, 2022 at Barclays Center in Brooklyn, New York. NOTE TO USER: User expressly acknowledges and agrees that,…

Stocks making the biggest moves midday: Tesla, VF Corp, Marriott, MGM and more

In this article TSLA MS SBNY UAL MGM SAIC SI Follow your favorite stocksCREATE FREE ACCOUNT A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines in midday trading. Tesla – The electric vehicle giant slid 5.2%…

U.S.-listed Chinese stocks give up earlier gains as investor digest reopening shift

In this article 9868-HK 9866-HK BABA PDD 1698-HK Follow your favorite stocksCREATE FREE ACCOUNT Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of Chinese companies listed in the U.S. erased earlier gains Monday after China loosened more Covid restrictions to accelerate the reopening of the economy. The Invesco Golden Dragon China ETF, which…

Worried about Social Security benefit cuts? How calculators may help gauge how changes may affect you

Hobo_018 | E+ | Getty Images Social Security is one of the biggest sources of income for many retirees. Yet many are unsure how money the program may continue to provide. A recent survey found 70% of consumers across all generations worry Social Security will run out in their lifetimes, according to Nationwide Retirement Institute….

12 FAQs About Biden’s Student Debt Forgiveness Plan

If you have questions about student loan forgiveness, you’re not alone — especially after recent court rulings blocking loan cancellation efforts. The Federal Student Aid office is not accepting new loan forgiveness applications at this time, but we’ve provided some common FAQs below for those who still have questions. If the program begins accepting applications…

Delta pilots would get more than 30% in pay raises under new contract deal

In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT A pilot walks past the windows at the newly renovated Delta terminal D at LaGuardia Airport in New York March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Air Lines and its pilots’ union have reached a preliminary agreement for raises topping…

How electric air taxis could shake up the airline industry in the next decade

In this article DAL JOBY Follow your favorite stocksCREATE FREE ACCOUNT A VoloCity air taxi by Volocopter is pictured at Pontoise airfield in Cormeilles-en-Vexin, near Paris, France, November 10, 2022.  Benoit Tessier | Reuters A world with flying vehicles, like the 1960s sitcom The Jetsons, might be closer than you think. Companies across the U.S.,…

Man behind the Korean wave talks about the future of K-pop and what aspiring artistes can do

It’s been more than 3 decades since Soo-man Lee founded SM Entertainment, one of South Korea’s music agencies known for bringing K-pop to the world. The entertainment company, originally founded as SM Studio in 1989, became one of the first to kickstart the global Hallyu wave — better known as the Korean wave. But Lee’s…