Justice Department’s fight with JetBlue and American Airlines heads to court

In this article JBLU AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines plane lands on a runway near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The Justice Department heads to court in Boston on Tuesday in hopes…

Millennials, bailing on stocks and other investments, might not find bonds so boring anymore 

Most millennials have invested heavily in stocks or cryptocurrency — and that hasn’t turned out so well. The S&P 500 Index is down more than 20% so far this year. Bitcoin, the largest cryptocurrency, is hovering around $19,000 after starting out the year above $45,000. As many younger investors bail out of those investments, bonds…

Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK

Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images LONDON – The first fiscal policy announcement from new British Prime Minister Liz Truss’s government has been met with one of the most pronounced market sell-offs in recent history. The British pound hit an all-time…

Christie’s launches ‘Department X’ as collectible sneakers and street-wear boom

Nike Unreleased Air Jordan VI Donda West Sneaker CHRISTIE’S IMAGES LTD. 2022 Christie’s is launching a new department to capitalize on the booming market for collectible sneakers, streetwear and sports history. The auction house on Monday announced its Department X, giving Air Jordans and Supreme skate decks their own category, alongside Impressionist & Modern Art…

IRS steps up efforts to target U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions

Source: Getty Images The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records. The agency will issue a so-called “John Doe summons” requiring M.Y. Safra Bank to turn over crypto transaction data for SFOX, a digital currency…

Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more

In this article PCG LVS WYNN 9868-HK PLNT Follow your favorite stocksCREATE FREE ACCOUNT An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check out the companies making headlines…

Three men charged with fraud in $100 million New Jersey deli scheme

Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only a small-town New Jersey deli to its name, federal authorities said Monday. The men – James Patten, 63, of Winston-Salem,…

Mark Cuban says 25% of his ‘Shark Tank’ deals are flops: ‘What the hell was I thinking?’

After 13 seasons on ABC’s “Shark Tank,” Mark Cuban estimates that he’s had about as many hits as misses. Some of his on-screen deals have worked out great, he says. Others, not so much. Such is the risk of investing. But even when it comes to the ones that eventually left him scratching his own…

Savings rates climb to levels not seen since 2009. Here’s how to get the best return on your money

JGI/Jamie Grill When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has sent costs for housing, food and energy soaring. related investing news…