Author: FC

Joshua Kushner’s start-up Oscar Health sues Florida Blue for allegedly running Obamacare monopoly

Health insurance start-up Oscar Health sued Florida Blue on Tuesday, accusing the independent licensee of the Blue Cross and Blue Shield Association of illegally running a monopoly in the state’s Obamacare market. Oscar Health accused Florida Blue of using “exclusive policy” agreements that prevent insurance brokers from selling Oscar health coverage plans or other insurance if t...

If Trump and Democrats get serious about an infrastructure bill, these stocks should benefit

Investors should buy materials companies like Nucor and Vulcan Materials if U.S. lawmakers move forward with any infrastructure plans, Sean Darby of Jefferies said in a note.

A look inside Tesla’s Gigafactory: The key to the automakers’ success

Walk into Tesla’s Gigafactory in Sparks, Nevada, and the first thing that stands out is the size of the battery plant. It’s enormous. So big that you could fit 33 football fields — and it’s only getting larger. “The Gigafactory is critical to Tesla. There is more batteries produced here for electric vehicles than in the rest of the planet combined. We would not be able to m...

Millennials, you can win the holidays without going broke

Learn to navigate holiday spending without taking on credit card debt.

Hedge funds are now negative for the year following stock market sell-off

October’s miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year. Hedge fund returns declined 3.1 percent during the month, according to industry tracker eVestment, the second-worst month since 2011. Equity funds caused the biggest damage, down 4.3 percent, while derivatives fell 3.7 percent and broad multimar...

This magic number could complicate your workplace open enrollment

There’s a magic number that can complicate your open enrollment process: $120,000. If you earned that much or more in 2018 from a business, the IRS considers you a “highly compensated employee,” or HCE, of that company. (In 2019, the threshold will rise to $125,000.) That HCE designation also automatically applies if you owned more than 5 percent of the business at any time in th...

Citi will move 1,100 workers earlier than planned to make way for Amazon in NYC

Citigroup is rolling out the red carpet for Amazon‘s move to the New York City area by moving more than 1,000 employees out of its Queens office tower to accommodate the e-commerce giant. Citi has been consolidating its New York area staff anyway, moving workers to its headquarters in glitzy Tribeca and other locations. It has already planned a move out of the Queens location but has acceler...

This chart shows how cryptocurrency mining on your own is no longer profitable

Source: Susquehanna Cryptocurrency mining isn’t what it used to be. Last year, the “mining” process of earning new cryptocurrencies using high-powered computers, then selling those digital assets, became a profitable side business for savvy entrepreneurs who set up the mining rigs in their basements and dorm rooms. But that side-hustle is no longer profitable if you’re mini...

GE shares jump to best day in 3 years after accelerated Baker Hughes share sale

General Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday, bringing in much-needed cash for the embattled industrial conglomerate. The sale of Baker Hughes stock will bring GE’s stake to just over 50 percent in the oil field services company, down from 62.5 percent. With up to 166 million shares in the offering, the full sale would se...

GE shares jump toward best day in 9 years after accelerated Baker Hughes share sale

General Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday, bringing in much-needed cash for the embattled industrial conglomerate. The sale of Baker Hughes stock will bring GE’s stake to just over 50 percent in the oil field services company, down from 62.5 percent. With up to 166 million shares in the offering, the full sale would se...

Companies struggling to fill jobs ‘should try paying more,’ Fed’s Kashkari says

Companies should try digging in their pockets if they’re looking to find workers for unfilled jobs, Minneapolis Fed President Neel Kashkari said Tuesday. With the unemployment rate falling to its lowest level in 49 years, there are nearly 1 million more job openings than available workers, according to the Labor Department. Even though payrolls have been growing at a solid clip, complaints p...

It’s Larry Kudlow’s Turn To Lock Pete Navarro In A West Wing Closet

Perhaps the funniest part of Larry Kudlow’s tenure as Donald Trump’s top economic adviser is how unwilling Larry has been to learn the lessons of his predecessor, Gary Cohn. Instead of leveraging Gary’s departure to get the president thinking (or at least acting) more reasonably on trade and spending, or holding his fire on Twitter, Kuddles has simply kept us his smarm offensive; coddling the pres...