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United Airlines posts higher-than-expected revenue after travel demand rebounds

Earnings

In this article UAL United Airlines on Tuesday reported higher-than-expected revenue as travel rebounded late in the third quarter but the airline didn’t give a timeline for when it would return to profitability. United posted net income of $473 million thanks to a boost from federal payroll aid. Its third-quarter sales totaled $7.75 billion compared …

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3 traditional rules for building wealth — and when experts suggest you break them

Wealth

If you’ve ever received financial advice, you’re likely to see a lot of the same traditional advice over and over. That’s because the world of personal finance can be esoteric and even scary, and the experts dispensing that advice want to impart the strategies that work the best for the majority of people. More from …

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Goldman adds Walmart to conviction buy list, drops Target. Two traders weigh in

Business

In this article WMT Goldman Sachs is swapping out one big-box retailer for another. The firm on Tuesday added Walmart to its conviction buy list, pointing to improved profitability and increased share of the U.S. grocery market. At the same time, analysts removed Target from that list. The firm remains bullish on the stock but …

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Younger investors are treating crypto trading like a ‘competition’ with their friends, UK regulator says

Finance

In this article BTC.CM= Casino chips decorated with bitcoin logos. Andrey Rudakov | Bloomberg | Getty Images LONDON — The vast majority of traders under 40 are investing in cryptocurrencies and other “high-risk” assets due to a sense of “competition” with friends and family, according to research published by the U.K. financial services watchdog on …

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Theranos boasted of ‘highest levels of accuracy’ in mailings to Rupert Murdoch and other investors

Wealth

Rupert Murdoch Drew Angerer | Bloomberg | Getty Images SAN JOSE, CALIF. — Theranos sent binders claiming the healthcare company had “the highest levels of accuracy” to high-profile investors, including billionaire Rupert Murdoch, according to court testimony on Tuesday. Elizabeth Holmes once had some of the most powerful business leaders in America backing her start-up, …

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A drop in wages prompted worries some people’s Social Security benefits could be reduced. The recovery helped change that

Personal finance

VALERIE MACON | AFP | Getty Images When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national …

A drop in wages prompted worries some people’s Social Security benefits could be reduced. The recovery helped change that Read More »

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Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more

Finance

Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant beat estimates by 2 cents a share, with quarterly earnings of $1.61 per share. Revenue also topped Wall Street forecasts. P&G said it was facing increasing commodity and transportation costs, however, and its shares …

Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more Read More »

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Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032

Wealth

Photo by Mike Kline (notkalvin) | Moment | Getty Images House Democrats proposed a rule to forbid Roth conversions for the wealthy as part of a broad package of tax increases on affluent Americans. But there’s an irony in the proposal, according to tax experts. A Roth conversion is a mechanism that allows taxpayers to …

Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032 Read More »

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Morgan Stanley says SpaceX’s Starship may ‘transform investor expectations’ about space

Investing

Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be …

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Inflation is not going away any time soon. Here’s how top financial advisors are handling it

Advisors

Shoppers at a New York supermarket on Aug. 11, 2021. Wang Ying | Xinhua News Agency | Getty Images One looming question for the U.S. economy is how long inflation is here to stay. Based on recent government data, there is good reason for asking. The Consumer Price Index, which measures the average change over …

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Is college really worth it? Here are the schools with the best return on investment

Personal finance

Even before the pandemic, families were starting to question the value of a college degree. Now, high schoolers are putting more emphasis on schools that will offer the best returns. “What is going to be the return on investment?,” said Robert Franek, editor in chief of The Princeton Review. “It is the question that students …

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These travelers moved to Europe despite knowing no one — here’s how they make a living

Wealth

Many people dream of starting a new life in a new country. But problems, such as earning money, finding a place to live and meeting people, hold them back. Here are two women travelers who didn’t let these details stop them from moving to Europe — and how they feel about their decisions today. From …

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NASA spacecraft launches toward Jupiter asteroids on an intricate path charted by Excel

Investing

An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft …

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First bitcoin futures exchange-traded fund starts trading Tuesday. What to know before adding it to your portfolio

Personal finance

Bitcoin on display. Chesnot | Getty Images The first U.S. bitcoin futures exchange-traded fund will launch on Tuesday, a milestone for the cryptocurrency industry, and others may soon follow. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather …

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