Akshay Tuteja

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Here’s the now-debunked story of Stuyvesant High’s $72 million kid

<i>Editor’s note: The high-school senior mentioned in this report was later quoted by the New York Observer as saying the story was fabricated. For an</i> …

Inspiration

Strategy To YieldBoost j2 Global From 0.5% To 10.6% Using Options

Shareholders of j2 Global, Inc. (NASD: JCOM) looking to boost their income beyond the stock’s 0.5% annualized dividend yield can sell the March 2015 covered call at the $55 strike and collect the premium based on the $2.05 bid, which annualizes to an additional 10.1% rate of return against the …

Why CVS and Rite Aid are blocking Apple Pay

I drove my iPhone 6 to Walgreens last week to buy a tube of toothpaste.<p>I usually buy that kind of stuff at CVS, which is closer and open 24 hours a …

CVS, Rite Aid disable Apple Pay in drugstores

Apple Inc.'s mobile payment technology ran into a roadblock a week after its introduction afterCVS HealthCorp. and Rite Aid Corp., part of a consortium developing a competing system, disabled Apple Pay in their drugstores.<p>CVS and Rite Aid are among 220,000 U.S. merchants that have technology in …

FinTech

5 reasons oil prices aren't rising

The old oil bull market, the one where oil went to $140 per barrel, now feels like ancient history. Oil prices have recently been challenging lows not seen since 2012. Continuously rising oil prices not only translate to higher prices at the pump but also to higher prices of goods because of the …

Economy

End of Fed bond buying may nudge mortgage rates

The Federal Reserve this week is expected to remove one of the two crutches supporting the economy since the 2008 financial crisis, ending bond purchases that have held down long-term interest rates.<p>The anticipated decision to halt so-called quantitative easing at a two-day Fed meeting that begins …

How to pay off $20,000 in credit card debt

Tanya LaPrad's story of dealing with about $20,000 in credit card debt has all the makings of a CNBC show like "Til Debt Do Us Part" or a Suze Orman segment of "Can I Afford It?" where the answer is most definitely, "Denied."<p>But LaPrad, 43, is willing to share bits and pieces of her drama because …

J.C. Penney

Will Parliamentary Elections Bring Ukraine Its Savior?

<i>Citizen journalist Halyna Klymuk Chomiak has been traveling through Ukraine during this latest election cycle. Here are her impressions.</i><p>There are about 10 parties people are talking about ranging from right wing patriotic types to extreme left communist types with the majority in the middle of the …

If Scotland votes for independence: the key questions answered

It’s 19 September 2014. The Scottish people have voted for independence. Does David Cameron resign? Would sterling be legal tender in Scotland? Would you need a passport at Gretna Green? Guardian specialists answer the key questions thrown up by the ending of the union<p>Would Scotland be in the …

Tesla Model S now has infinite-mile warranty

Electric-car maker extends drive train warranty to match that of its battery pack: Both components now have eight-year warranties and unlimited miles driven.<p>Tesla Motors has extended the drive unit warranty of its Model S vehicle to match that of its battery, meaning both components of the …

14 Brilliant Insights From Legendary Investor Jim Rogers

In 2007, he packed up and moved to Singapore where he is essentially shorting the West.<p>Behind Rogers' quick wit and endless charm are brilliant investing insights he gained during his lengthy and legendary career.<p>We put together 14 of the best insights that every investor will find helpful.

John Maynard Keynes

Ex-Microsoft employee sentenced for insider trading

Ex-Microsoft employee Brian Jorgenson was sentenced to two years in prison on Friday for an insider trading scheme that netted him and an accomplice …

The 10-Year Treasury Yield Touches A 14-Month Low

Bonds are rallying. The yield on the 10-year Treasury note touched 2.37% earlier on Friday, the lowest level since June 2013.<p>The world's safe haven asset classes in general have been doing great this week as geopolitical turmoil has the world on edge.<p>"Risk aversion rules," Societe Generale's Kit …

Markets

What would a cheap iPhone do for Apple's bottom line?

It is an article of faith among telecom analysts that unless Apple makes a cheap iPhone, it will miss out on the billions of potential customers …

Malaysia Airlines on course for state ownership

Malaysia's state investment company said Friday it wants a "complete overhaul" of struggling carrier Malaysia Airlines.<p>Khazanah Nasional, which owns a majority stake in the carrier, said it wants Malaysia Airlines removed from the stock exchange and that it plans to buy out minority shareholders at …

Airlines

Futures rise after selloff with earnings in focus

NEW YORK (Reuters) - Stocks closed higher on Monday, lifted in a late rally driven by earnings from Warren Buffett’s Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012.<p>Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) …

Wall Street banks take heart from leveraged loan exams

NEW YORK (Reuters) - Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.<p>The Office of the Comptroller of Currency, the Federal Reserve and …

JPMorgan Chase & Co

GM Financial subpoenaed in subprime auto loan probe

The Justice Department has served a subpoena on GM Financial, General Motors' financial arm, seeking documents on subprime auto loans, Bloomberg News reported.<p>The subpoena covers documents since 2007 involving origination and securitization, GM Financial said in a filing to the Security and …

General Motors

Three reasons not to bail on markets right now

Finance

The 10 Most Important Things In The World Right Now

<b>1. Israel pulled most of its ground troops from Gaza on Sunday, though "with Hamas officials vowing to continue their fight, it remains uncertain whether Israel can unilaterally end the war," the Associated Press said.</b> The positive development comes after news that a third U.N. school housing …

François Hollande

Here's Why Tesla Might Need Blowout Earnings To Keep Shares From Tumbling

Shares of Tesla have bounced around quite a bit, and owning the stock is not for the faint of heart. The graph above from ChartIQ Visual Earnings shows the behavior of Tesla stock over the previous 5 quarters. Quarterly earnings report dates marked by the vertical dotted line are clear catalysts …

Tesla

Green gold: Colo. underestimated pot demand

A study on the Colorado marijuana market is providing economists and business professionals an inside look at the pot industry for the first time. Regulators in the Centennial State have released the brief for the Colorado Department of Revenue, which reveals a number of interesting items, …

Google

New exchange-traded note bets on women, and more banking must-reads

How to Improve Your Investment Performance by Playing Defense

“The best defense is a good offense.” That axiom has been applied in a broad array of fields including politics, sports, and the military.<p>The 1985 Chicago Bears are still regarded as one of the NFL’s best defensive teams ever. Not only did they lead the league in defenses that score, but the Bears …