Cuomo jokes that Bloomberg should spend another $100M after Nevada debate bomb

Las Vegas debate a ‘disaster’ for Bloomberg: Herman Cain The New Voice CEO and former presidential candidate Herman Cain discusses the outcome of the Democratic debate in Las Vegas, Michael Bloomberg’s performance and the likelihood of Bernie Sanders winning the nomination. After Mike Bloomberg tanked during his debate debut in Las Vegas, his fellow New Yorker […]

Cabbies worry as hedge fund snaps up taxi medallions

New York taxi drivers and politicians are raising alarms after a secretive hedge fund this week quietly became the city’s largest owner of taxi-medallion loans. Marblegate Asset Management — a tight-lipped investment firm that has already scooped up some 300 medallions and 1,000 loans, many of them previously owned by disgraced “Taxi King” Gene Freidman […]

Wells Fargo close to settlements over fraud accounts: Report

Former Wells Fargo CEO banned for life from banking industry; Tinder makes dating safer Morning Business Outlook: Former Wells Fargo CEO John Stumpf has been banned for life from the banking industry and must pay $17.5 million in fines; Tinder adds new features to protect people from dangerous dates and fake profiles. Wells Fargo appears […]

Why coronavirus could slash jobs and make trips to Bunnings more expensive

If you’ve noticed some delays in your overseas parcels, you’re seeing the tip of the coronavirus iceberg that the world’s supply chain is steaming toward at full pace. Thanks to the world’s reliance on China to manufacture its goods, virtually everything that has been through the country at some point will be impacted by the […]

Sanders vs. Bloomberg: Who actually owns more real estate?

Las Vegas debate a ‘disaster’ for Bloomberg: Herman Cain The New Voice CEO and former presidential candidate Herman Cain discusses the outcome of the Democratic debate in Las Vegas, Mike Bloomberg’s performance and the likelihood of Bernie Sanders winning the nomination. Mike Bloomberg’s performance during the Democratic debate in Nevada on Wednesday was mostly disappointing, if […]

Options traders have gone full bull — here’s why they might regret it

So much for that “wall of worry.” According to data cited by Dana Lyons of J. Lyons Fund Management, fears that have kept a contrarian tailwind blowing on stocks for weeks have gone completely still. Now, it looks as if traders are going all in on this market. “When a disproportionate amount of volume is […]

Feinberg: Boeing deserves credit for $50M community investment fund

Attorney Feinberg distributing $50M for Boeing victim compensation Victim Compensation Attorney Ken Feinberg discusses Boeing 737 Max victim compensation programs and plans to distribute $50 million to crash victims. Victim compensation attorney Kenneth Feinberg, picked by Boeing to oversee its $100 million victim compensation fund, said Thursday the biggest challenge will be determining where and how the […]

Personal loan vs. line of credit: Which is better for you?

When you need to borrow funds, two financial products to consider are a personal loan and a line of credit. (iStock) For many people, there comes a time when you need to borrow money to cover your expenses. Maybe you're financing a major home renovation, covering medical costs or sending someone to college. Whatever the […]

Leading indicators surge in January, point to steady economic expansion in early 2020

The numbers: The economy showed some more sizzle at the start of 2020, pointing to steady growth in the next several months, according to an index that measures the nation’s economic health. The leading economic index jumped 0.8% in January, the Conference Board said Thursday, increasing twice as much as Wall Street predicted. What happened: […]