June, 2017

 

Suspect and doctor dead after shooting spree at Bronx h…

A man in a white lab coat used an M16 assault rifle to open fire on multiple floors of a Bronx hospital where he used to work as a doctor Friday afternoon, killing one woman and injuring five others, law-enforcement sources said. The suspect, Henry Bello, 35, died of a gunshot wound, according to sources. A photo shared on Twitter reportedly shows Bello lying on the ground dead in a pool of blood. He’s a former employee at Bronx Lebanon Hospital, and multiple sources said he worked as a doctorRead More


All-clear for big banks raises fears of a return to ris…

It took a decade — and $200 billion in fines — but the big banks are back. The Federal Reserve‘s passing grade for all 34 of the institutions it checks annually for financial soundness — the first all-clear since the Fed tests began in 2011 — is a watershed moment. While some of the consequences will be felt sooner than others, they will be far-reaching. The immediate winners include investors as well as bank executives, who could see their already ample pay packages expand further. More from New York Times:DeleteRead More


This is how much American parents spend on their kids’ …

In America, learning doesn’t come cheaply. On average, parents in the U.S. shell out $58,464 on their child’s education from primary school through the end of undergraduate studies at university, according to a report from HSBC HSBC, -0.30%  that analyzed education spending in 15 countries. That’s well above the global average of roughly $44,000. Other developed countries tend to spend much less — France spends the least at $16,708 on average; in the U.K. it only takes $24,862 on average for a child’s education and Canadian parents only devote $22,602.Read More


Trump joins Republican senators in signaling willingnes…

WASHINGTON — Two key senators in the Republican effort to pass a health-care bill on Friday morning called for the White House to intervene with a more aggressive strategy if Senate Majority Leader Mitch McConnell hasn’t locked in 50 votes by the time lawmakers return from the July 4 recess — and President Donald Trump seemed to embrace the idea. If Republican Senators are unable to pass what they are working on now, they should immediately REPEAL, and then REPLACE at a later date! — Donald J. Trump (@realDonaldTrump) JuneRead More


The most expensive city in the world is NOT New York or…

This is one time where most Americans don’t want to be No. 1. The Economist Intelligence Unit, the research and analysis division of The Economist Group recently ranked the world’s priciest cities. Of the 10 most expensive cities, five are in Asia. Singapore came out at No. 1, followed by Hong Kong. The third-most expensive city is Zurich, Switzerland, the city with the highest cost of living in Europe. Tokyo and Osaka, both in Japan, are fourth and fifth, followed by Seoul, South Korea. Geneva, Switzerland, and Paris tied forRead More


Strategist Tom Lee says these stocks are ‘pariahs,’ so …

Fundstrat strategist Tom Lee recommends investors buy “pariah” telecommunications stocks, predicting that companies in the beaten down sector are likely to bounce back under the Trump administration. Slow growth and price competition have spooked investors away from telecom stocks, he said. Even analysts have backed away, slashing their recommendations in the last year. Telecom as a sector is at its lowest average analyst rating in a decade. Formerly JPMorgan’s chief equity strategist, Lee is one of the market’s biggest bears. As recently as last week, he reaffirmed his year-end 2,275Read More


Blackmail allegation in ‘Morning Joe’ response to Trump…

MSNBC Mika Brzezinski answers a question from Willie Geist on the set of “Morning Joe,” as Joe Scarborough and Donny Deutsch look on. Some vacations are delayed because of work or travel complications. Other vacation plans are put on hold when the president of the United States attacks you on a Twitter. “Morning Joe” hosts Joe Scarborough and Mika Brzezinski postponed their vacation plans to respond to Trump’s Thursday morning Twitter attack that called the duo “low I.Q., crazy, and psycho” while also alleging Mika was “bleeding badly from aRead More


Stocks end mostly higher to book best half-year gains i…

U.S. stocks closed modestly higher Friday after trimming gains in the last few minutes of trading. But steep losses in technology and health-cares stocks earlier in the week resulted in poor weekly performance for the S&P 500 and Nasdaq. The S&P 500 SPX, +0.15% rose 3.71 points, or 0.2%, to 2,423.41, but ended the week 0.6% lower. Over the month, the large-cap index gained 0.5% and advanced by 2.6% over the past quarter. The index is up 8.2% year to date, its best half-year performance since 2013. The Dow JonesRead More


Why millions of consumers’ credit scores will suddenly …

Millions of Americans will have another reason to celebrate this weekend. The three nationwide consumer reporting agencies, Equifax, Experian and TransUnion, are starting a new policy on July 1 that will raise about 12 million consumers’ credit scores. On that date, the agencies will begin collecting more specific information about the public records that are included on credit reports, including bankruptcies, civil judgments and tax liens — which means consumers won’t be penalized as severely as they previously were for those black marks on their credit histories. On average, consumers’Read More


Buffett’s big bank score proves ‘Be greedy when others …

Warren Buffett has a saying about the stock market and investing in general: “Be fearful when others are greedy and greedy when others are fearful.” Time and again, the value investor has used this philosophy to pounce on opportunities. In 2011, when investors were still reeling from the fallout of the subprime mortgage crisis, and Bank of America was struggling with big losses and major legal bills, Buffett’s Berkshire Hathaway plunked down $5 billion for preferred shares in the lender. The idea, which Buffett said dawned on him while takingRead More