• Billions of dollars are wasted on gift-giving fumbles during the holiday season. Here's how to give the best gift -- according to science: Link
    MarketWatch Fri 15 Nov 2019 21:16

    We’ve had thousands of years of practice, but humans still have a lot to learn about the art and science of gift giving.

    In fact, we often fail at it, given the significant chunk of presents — $70 billion worth, by one count — that get returned after the holiday season. Nearly half — 46% — of consumers return one to three gifts over the holidays, according to research by Optoro, a returns management platform that retailers use.

    With that in mind, MarketWatch brings you our latest Best New Ideas in Money series, Gifts That Pay Off. We won’t profile the latest hot gadgets to put on your holiday shopping list. Instead we’ll spotlight presents that can “pay off” in the sense that they could potentially help enrich recipients, literally and figuratively. For example, gifts that could go up in value, or boost someone’s career. We’ll also explore gifts that could pay off by improving someone’s well-being, productivity or happiness over the long run. When done...

  • Dow breaks above 28,000 for first time as stocks end at records Link
    MarketWatch Fri 15 Nov 2019 21:06

    U.S. stocks swept to fresh records as investors turned more bullish on a trade deal with China and focused on rosy consumer data. The Dow Jones Industrial Average DJIA, +0.80% closed about 222 points, 0.8%, higher, just above 28,000. The S&P 500 SPX, +0.77% jumped 24 points, 0.8%, to close at about 3,120. The Nasdaq was about 62 points, 0.7%, higher at the close, at 8,541. Shares of J.C. Penney Co. Inc. JCP, +6.82% jumped after beating earnings expectations for the recent quarter.

  • Elizabeth Warren’s ‘mug of billionaire tears’ costs $25 and is one of the hottest-selling items on her campaign website Link
    MarketWatch Fri 15 Nov 2019 21:06
  • Gay friendly? Check. Fits a $4K-a-month budget? Check. In the U.S.? Check. And bonus: They’re all warm and sunny! Link
    MarketWatch Fri 15 Nov 2019 21:01

    Dear Catey,

    I plan on retiring in about five to years, when I am in my early to mid-70s. Any suggestions for affordable and LGBT-friendly retirement communities? I’ll have a modest IRA income and Social Security that will allow me to spend between about $4,000 to $4,500 a month. Abroad is an option, but the U.S. is preferred.

    Thanks! L.K. ———————————————————————————————————————————

    Dear L.K.

    No need to go abroad, if you’d prefer not to. There are plenty of spots in the U.S. that are LGBTQ-friendly and fit your budget. While gay-friendly cities including San Francisco and New York are probably too pricey — I want you to be able to live it up in retirement! — there are plenty of inclusive spots where $4,000 will go far. In fact, I came up with so many options for you that, while I only highlight three in-depth here, I include a list of other suggestions to look into at the end of the story.

    Here are some spots to consider:

    ...
  • Weekend reads: What happens when Amazon comes to town Link
    MarketWatch Fri 15 Nov 2019 20:46
  • Modern Monetary Theory carries ‘grain of truth’ and that’s why it's dangerous, says former Treasury official Link
    MarketWatch Fri 15 Nov 2019 20:21
  • Bad news home buyers: It’s more expensive for developers to buy lots for new houses Link
    MarketWatch Fri 15 Nov 2019 20:21
  • Kissinger also warned that a prolonged trade war could have a “catastrophic outcome.” Link
    MarketWatch Fri 15 Nov 2019 20:01

    Henry Kissinger, the former U.S. Secretary of State and national-security adviser under Presidents Richard Nixon and Gerald Ford, has dire warnings about the inability of the U.S. and China to resolve their differences on international trade.

  • Fed’s Brainard calls for ‘heightened vigilance’ on financial stability Link
    MarketWatch Fri 15 Nov 2019 19:46
  • Companies pushing controversial 5G spectrum auction offer to give at least 30% of proceeds to U.S. Treasury Link
    MarketWatch Fri 15 Nov 2019 19:36
  • The Supreme Court has agreed to hear the Oracle vs. Google copyright case Link
    MarketWatch Fri 15 Nov 2019 19:31

    A major copyright dispute stretching to 2010 between Oracle Corp. ORCL, +0.52% and Alphabet Inc.'s GOOGL, +1.41% GOOG, +1.31% Google division is headed to the Supreme Court, the court said on Friday. The dispute centers on 11,500 lines of code that Google is accused of copying from Oracle's Java programming language, Oracle claims in a 9-year-old lawsuit seeking $9 billion in damages. Google, which deployed the code in Android, had won in lower courts but lost an appeal before the U.S. Court of Appeals for the Federal Circuit, which ruled last year for Oracle.

  • Equifax settles case with woman who sued after a credit file mix-up allegedly ‘destroyed’ her family’s life Link
    MarketWatch Fri 15 Nov 2019 19:21
  • Sanders, Ocasio-Cortez unveil $180 billion plan to overhaul public housing through Green New Deal Link
    MarketWatch Fri 15 Nov 2019 19:06
  • She suggested that Trump's Twitter attacks are meant to be "intimidating." Link
    MarketWatch Fri 15 Nov 2019 18:56

    The ousted U.S. ambassador to Ukraine on Friday rebutted a critical tweet about her from President Donald Trump during the second day of open impeachment hearings, as she testified such attacks are “intimidating.”

  • Which movies and shows did Disney+ leave off the list? Link
    MarketWatch Fri 15 Nov 2019 18:46

    NEW YORK (AP) — Disney’s DIS, -1.50%   new streaming service has added a disclaimer to “Dumbo,” “Peter Pan” and other classics because they depict racist stereotypes, underscoring a challenge media companies face when they resurrect older movies in modern times.

    The move comes as Disney Plus seems to be an instant hit. It attracted 10 million subscribers in just one day. The disclaimer reads, “This program is presented as originally created. It may contain outdated cultural depictions.”

    Companies have been grappling for years with how to address stereotypes that were in TV shows and movies decades ago but look jarring today. Streaming brings the problem to the fore.

    In “Dumbo,” from 1941, crows that help Dumbo learn to fly are depicted with exaggerated black stereotypical voices. The lead crow’s name is “Jim Crow,” a term that describes a set of laws that legalized segregation. In “Peter Pan,” from 1953, Native American characters are...

  • Roger Stone guilty on all 7 counts — could face 20 years in prison Link
    MarketWatch Fri 15 Nov 2019 18:31
  • Investors putting money back into stock-market funds, but flows still solidly negative for 2019 Link
    MarketWatch Fri 15 Nov 2019 18:21
  • 5 life lessons from the ‘Crocodile Hunter’ on Steve Irwin Day: Link
    MarketWatch Fri 15 Nov 2019 18:11

    Crikey, there’s a lot to learn from Steve Irwin.

    TV viewers, animal lovers and environmental activists around the world are celebrating the late “Crocodile Hunter” on Friday, Nov. 15, which has been designated Steve Irwin Day to honor his life and legacy.

    Irwin’s parents opened the Beerwah Reptile Park in Queensland, Australia, in the early 1970s, according to his official bio, and he grew up among the snakes, crocs and other apex predators in the family park (known as the Australian Zoo today) developing a great love and respect for wildlife that grew into his life’s work. He became a household name after he and his wife Terri filmed what would become the first episode of their hit series “The Crocodile Hunter” while on their honeymoon in 1992, which he used as a platform to get other people as passionate about animals as he was.

    The show was boasting more than 500 million viewers in more than 100 countries when Irwin was fatally stabbed in the...

  • Wine lovers, start your engines. Link
    MarketWatch Fri 15 Nov 2019 18:01

    The bottle: SHIFT 2016 wine, $56

    The back story: Yes, this is a bottle of wine with the knob of a stick shift as its topper. But what else would you expect from a sip created by a veteran race-car driver and team leader?

    SHIFT is one of a few racing-themed wines that are the brainchild of Kevin Buckler, who has competed professionally in motorsports for several years and led his team in victory at such endurance events as the Rolex 24 Hours of Daytona and the 24 Hours of Le Mans. But when he has not been focused on the road, Buckler and his wife, Debra, have been behind Adobe Road, a boutique winery in California’s Sonoma County that sources fruit from throughout the state.

    More recently, Buckler has combined his passions and created an Adobe Road line he dubs the Racing Series. These are intended to be fairly bold wines, somewhat in contrast to what Adobe Road describes as its more traditional “elegant and balanced” approach. In particular, the...

  • White House releases plan that would force hospitals to disclose secret negotiated rates Link
    MarketWatch Fri 15 Nov 2019 17:51
  • Farfetch is making luxury goods online happen. Link
    MarketWatch Fri 15 Nov 2019 17:41

    Gucci, Fendi and Stella McCartney are just some of the big names in the Farfetch Ltd. lineup, a sign that luxury labels are making the shift online to follow luxury shoppers, analysts say.

    “The market for personal global luxury products is in the midst of a structural shift to online,” Cowen analysts led by John Blackledge wrote in a note.

    “[W]e view Farfetch as best positioned to capitalize on the multi-year transition in the more-than $300 billion market, with Farfetch’s Marketplace yielding a forecast of 16% revenue growth over the next decade and especially helped by the growing luxury consumer in China and other emerging markets.”

    Farfetch is an online luxury fashion retail platform that sells products from over 700 boutiques and global brands. Headquartered in London, with offices in eleven cities and 3,000 staff, the e-commerce company operates local language websites and mobile apps.

    Cowen rates Farfetch FTCH, +29.01%   shares...

  • Steve Irwin kept his cool — even when being bitten. Repeatedly. Link
    MarketWatch Fri 15 Nov 2019 17:26

    Crikey, there’s a lot to learn from Steve Irwin.

    TV viewers, animal lovers and environmental activists around the world are celebrating the late “Crocodile Hunter” on Friday, Nov. 15, which has been designated Steve Irwin Day to honor his life and legacy.

    Irwin’s parents opened the Beerwah Reptile Park in Queensland, Australia, in the early 1970s, according to his official bio, and he grew up among the snakes, crocs and other apex predators in the family park (known as the Australian Zoo today) developing a great love and respect for wildlife that grew into his life’s work. He became a household name after he and his wife Terri filmed what would become the first episode of their hit series “The Crocodile Hunter” while on their honeymoon in 1992, which he used as a platform to get other people as passionate about animals as he was.

    The show was boasting more than 500 million viewers in more than 100 countries when Irwin was fatally stabbed in the...

  • Yovanovitch pushes back against Trump in real time: ‘I ... made things better’ Link
    MarketWatch Fri 15 Nov 2019 17:11
  • Verdict reached in trial of longtime Trump ally Roger Stone Link
    MarketWatch Fri 15 Nov 2019 16:56
  • Marie Yovanovitch says her dismissal played into the hands of ‘shady interests’ Link
    MarketWatch Fri 15 Nov 2019 16:56
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