Key Investors Are Unhappy With SoftBank Tech-Investment Fund – The Wall Street Journal

The two biggest outside investors in the $100 billion Vision Fund are complaining about the high prices the fund’s manager, SoftBank Group Corp., has paid for tech companies and the control wielded by SoftBank Chief Executive Masayoshi Son over investment decisions.

The investors, Saudi Arabia’s Public Investment Fund, or PIF, and Abu Dhabi’s Mubadala Investment Co., have contributed almost two-thirds of the Vision Fund’s pledged capital. If they are unhappy with the fund, it could become more difficult for Mr. Son to raise…

Read More

London markets lose ground from last week’s surge; Reckitt Benckiser jumps 5% – MarketWatch

London markets were down on Monday, losing some of the advances made last week, with trading volumes potentially lower due to a U.S. holiday.

Investor concerns remain over trade negotiation progress between the U.S. and China. Meanwhile, consumer goods company Reckitt Benckiser Group PLC surged after posting results.

How are markets performing?

The FTSE 100

UKX, -0.24%

closed down 0.4% to 7,219.47, after finishing last week with a gain of 2.3%—the largest three-week point and percentage gain since July 15, 2016.

Meanwhile, the pound

GBPUSD, +0.2637%

rose to $1.2927 from $1.2892 late in New York on Friday.

What’s driving the markets?

U.S.-China trade negotiations will continue in Washington this week, fueling some hope that the two nations will soon reach a deal. However, investors are still concerned about the progress made on difficult issues such as Washington’s dissatisfaction over Chinese technology and trade policies.

U.S. markets will be closed on Monday for the President’s Day holiday.

Read: Everything you need to know about market closures on Washington’s Birthday

What shares were active?

Reckitt Benckiser Group PLC

RB., +4.64%

jumped over 5% after the consumer goods company announced a surge in annual revenue and profit after “broad-based growth” across key brands.

In banking, Barclays PLC

BARC, -0.87%

lost 0.9% after one of its biggest shareholders Tiger Global PLC reportedly sold its $1 billion stake in the U.K. bank. This can “hardly be described as a vote of confidence ahead of the release of its full year results later this week,” said Michael Hewson, chief market analyst at CMC Markets U.K.

Results from other U.K. banks are also expected to land this week, including Lloyds Banking Group

LLOY, -0.21%

 , which lost 0.2% on Monday and HSBC Holdings PLC

HSBC, +1.01%

HSBA, -0.33%

 which dropped by 0.3%.

Meanwhile, Miners Fresnillo PLC

FRES, +1.07%

gained 1% and Antofagasta PLC

ANTO, +0.57%

added 0.5%.

U.K.-listed chemical company Johnson Matthey PLC

JMAT, +0.58%

rose by 0.6%.

Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.

Read More

Buick Is Running Out Of Cars And May Reach To China For New Models: Report – Jalopnik

Photo: Bradley Brownell

Following yesterday’s confirmation that the Opel-based Buick Cascada would exit production, and the plant that produces the LaCrosse closing, Buick is down to only the Opel-based Regal and three crossovers to fill dealer showrooms. While sedans aren’t exactly netting foot traffic to dealerships, they are kind of Buick’s bread and butter. To have no full size quasi-lux sedans in the lineup is a travesty, and a first for the brand. In order to quickly fill those empty spaces in the lineup, Buick may have to reach to its Chinese lineup, says Automotive News.

While the Enclave, Envision, and Encore accounted for more than 80% of Buick’s 2018 sales, and the lion’s share of that going to the compact South Korean-import Encore, there is still room for Buick to devote at least some effort to the sedan market.

Buick has relied on Opel-based imports for a number of years now, and that relationship has basically gone away as GM sold off its interest in the German brand to PSA Group. It would be difficult for Buick to develop a new platform from the ground up in time, and it would make sense for some of those Chinese-built Asia-only models to join the U.S. market in rapid time. Buick already sources the Envision from SAIC GM Dong Yue Foundry in Yantai, Shandong.

“Buick is a big, big player in China. There’s no doubt that’s going to be true for a long time to come,” Phil Brook, vice president of Buick and GMC marketing, told Automotive News during an interview in Detroit last month. There are opportunities there for Buick to introduce models for both the Chinese and North American markets.

Because the Chinese market is introducing new legislation to mandate EVs from all brands selling in country, Buick will already be working on an electric model for the China market, where it sells most of its cars. This could be one example of synergy between Buick NA and Buick Asia. If GM plans to launch 20 zero emissions models in the next four years, surely Buick will be one to receive such a car, and China is likely to play into that plan.

Of course, automotive tariffs on Chinese imports will potentially force Buick’s hand on this matter, so everything is in flux for the brand for now.

Read More

New York mayor says Amazon headquarters debacle was ‘an abuse of corporate power’ – CNN

‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business’,width: ‘100%’,height: ‘100%’,section: ‘domestic’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘const-article-carousel-pagetop’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”Amazon scraps plans for NYC HQ”,”duration”:”01:18″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business/index.xml”,”videoId”:”business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business/video/playlists/business-amazon/”,”description”:”After intense public backlash, Amazon announces it will no longer build its HQ2 in Long Island City, Queens.”,”descriptionText”:”After intense public backlash, Amazon announces it will no longer build its HQ2 in Long Island City, Queens.”},{“title”:”Amazon should have seen this coming”,”duration”:”03:32″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/14/amazon-should-have-seen-this-coming-orig.cnn-business/index.xml”,”videoId”:”business/2019/02/14/amazon-should-have-seen-this-coming-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190105174757-01-amazon-hq2-protest-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/14/amazon-should-have-seen-this-coming-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Thanks to a public uprising, Amazon has backed off its plans to bring a new headquarters to Long Island City. CNN’s Jon Sarlin explains why Amazon should have seen the backlash coming.”,”descriptionText”:”Thanks to a public uprising, Amazon has backed off its plans to bring a new headquarters to Long Island City. CNN’s Jon Sarlin explains why Amazon should have seen the backlash coming.”},{“title”:”Gianaris on Amazon HQ2: We’ve stood up and the people are being heard”,”duration”:”05:59″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/08/amazon-new-york-hq-michael-gianaris.cnn-business/index.xml”,”videoId”:”business/2019/02/08/amazon-new-york-hq-michael-gianaris.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190208152647-michael-gianaris-deputy-majority-leader-of-the-new-york-state-senate-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/08/amazon-new-york-hq-michael-gianaris.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon is said to be reconsidering its plans to open up a new campus in New York City’s Long Island City neighborhood after facing backlash from local residents, according to a Washington Post report. Vocal critic Michael Gianaris, Deputy Majority Leader of the New York State Senate weighs in.”,”descriptionText”:”Amazon is said to be reconsidering its plans to open up a new campus in New York City’s Long Island City neighborhood after facing backlash from local residents, according to a Washington Post report. Vocal critic Michael Gianaris, Deputy Majority Leader of the New York State Senate weighs in.”},{“title”:”Amazon HQ2 incentives ignite backlash”,”duration”:”03:01″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/08/amazon-new-york-city-incentives-backlash.cnn-business/index.xml”,”videoId”:”business/2019/01/08/amazon-new-york-city-incentives-backlash.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190108120512-amazon-incentives-backlash-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/08/amazon-new-york-city-incentives-backlash.cnn-business/video/playlists/business-amazon/”,”description”:”Cities and states rolling out tax breaks and incentives to get big companies to move there is nothing new. But Amazon’s HQ2 search has ignited a fierce debate on this practice — and New York City is at the center. CNN’s Clare Sebastian reports.”,”descriptionText”:”Cities and states rolling out tax breaks and incentives to get big companies to move there is nothing new. But Amazon’s HQ2 search has ignited a fierce debate on this practice — and New York City is at the center. CNN’s Clare Sebastian reports.”},{“title”:”Amazon HQ2: Who really wins?”,”duration”:”04:17″,”sourceName”:”CNNMoney”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/cnnmoney/2018/03/13/amazon-hq2-orig.cnnmoney/index.xml”,”videoId”:”cnnmoney/2018/03/13/amazon-hq2-orig.cnnmoney”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/170714114413-jeff-bezos-sun-valley-large-169.jpg”,”videoUrl”:”/videos/cnnmoney/2018/03/13/amazon-hq2-orig.cnnmoney/video/playlists/business-amazon/”,”description”:”With New York and Virginia declared the winners of Amazon’s headquarters search, CNN’s Jon Sarlin looks at how good it really is to be the “winner.””,”descriptionText”:”With New York and Virginia declared the winners of Amazon’s headquarters search, CNN’s Jon Sarlin looks at how good it really is to be the “winner.””},{“title”:”Will the government attempt to break up Amazon?​”,”duration”:”02:22″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/12/amazon-anti-trust-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/12/amazon-anti-trust-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181012115857-amazon-government-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/12/amazon-anti-trust-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon is growing rapidly. But how big is too big? Experts weigh in on the competition Amazon faces and growing antitrust concerns.”,”descriptionText”:”Amazon is growing rapidly. But how big is too big? Experts weigh in on the competition Amazon faces and growing antitrust concerns.”},{“title”:”Will Bezos ever leave Amazon?”,”duration”:”02:16″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/10/amazon-2023-jeff-bezos-future.cnn-business/index.xml”,”videoId”:”business/2018/10/10/amazon-2023-jeff-bezos-future.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180419121306-amazon-jeff-bezos-happy-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/10/amazon-2023-jeff-bezos-future.cnn-business/video/playlists/business-amazon/”,”description”:”Jeff Bezos is the world’s richest man heading up one of the most valuable companies ever. So what’s next for the visionary and CEO?”,”descriptionText”:”Jeff Bezos is the world’s richest man heading up one of the most valuable companies ever. So what’s next for the visionary and CEO?”},{“title”:”Amazon is using AI in almost everything it does”,”duration”:”04:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/03/amazon-ai-behind-the-scenes-orig-mss.cnn-business/index.xml”,”videoId”:”business/2018/10/03/amazon-ai-behind-the-scenes-orig-mss.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181003173251-amazon-go-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/03/amazon-ai-behind-the-scenes-orig-mss.cnn-business/video/playlists/business-amazon/”,”description”:”Rachel Crane goes inside Amazon HQ to see how Amazon uses AI to improve customer experiences, from cashier-less stores to Alexa’s new tricks.”,”descriptionText”:”Rachel Crane goes inside Amazon HQ to see how Amazon uses AI to improve customer experiences, from cashier-less stores to Alexa’s new tricks.”},{“title”:”These industries could be Amazon’s next targets”,”duration”:”02:42″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/09/amazon-2023-next-ventures-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/09/amazon-2023-next-ventures-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181003174843-lista-forbes-millonarios-jeff-bezos-bill-gates-portafolio-cnnee-00000005-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/09/amazon-2023-next-ventures-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon has a voracious appetite for new ventures. Experts weigh in on what’s next for the already-trillion-dollar company.”,”descriptionText”:”Amazon has a voracious appetite for new ventures. Experts weigh in on what’s next for the already-trillion-dollar company.”},{“title”:”What happens when Amazon comes for your business?”,”duration”:”04:24″,”sourceName”:”CNN Business “,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/03/this-is-what-happens-when-amazon-comes-for-your-business.cnn-business/index.xml”,”videoId”:”business/2018/10/03/this-is-what-happens-when-amazon-comes-for-your-business.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181001125327-world-according-to-amazon-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/03/this-is-what-happens-when-amazon-comes-for-your-business.cnn-business/video/playlists/business-amazon/”,”description”:”CNN’s Jon Sarlin explains why companies panic when Amazon enters their markets and what unexpected opportunities that can bring.”,”descriptionText”:”CNN’s Jon Sarlin explains why companies panic when Amazon enters their markets and what unexpected opportunities that can bring.”},{“title”:”Can Amazon afford to get into the ad business?”,”duration”:”02:41″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/05/amazons-ad-future-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/05/amazons-ad-future-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180918185033-amazon-advertising-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/05/amazons-ad-future-orig.cnn-business/video/playlists/business-amazon/”,”description”:”CNN’s Jon Sarlin looks into Amazon’s booming ad business. Could Amazon’s move into Google and Facebook’s space alienate its customers and vendors?”,”descriptionText”:”CNN’s Jon Sarlin looks into Amazon’s booming ad business. Could Amazon’s move into Google and Facebook’s space alienate its customers and vendors?”},{“title”:”Amazon is worth more than $1 trillion”,”duration”:”01:24″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/26/amazon-is-worth-1-trillion-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/26/amazon-is-worth-1-trillion-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180830094628-gfx-amazon-1-trillion-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/26/amazon-is-worth-1-trillion-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon has doubled in market value in just a year and now joins Apple in the elite ranks of companies worth $1 trillion.”,”descriptionText”:”Amazon has doubled in market value in just a year and now joins Apple in the elite ranks of companies worth $1 trillion.”},{“title”:”Is Amazon a monopoly?”,”duration”:”04:14″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/03/amazon-monopoly-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/03/amazon-monopoly-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181001181316-amazon-boxes-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/03/amazon-monopoly-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon dominates online retail and is one of the most valuable companies in the world. But are consumers harmed by its low prices? CNN’s Jon Sarlin reports. “,”descriptionText”:”Amazon dominates online retail and is one of the most valuable companies in the world. But are consumers harmed by its low prices? CNN’s Jon Sarlin reports. “},{“title”:”Amazon raises minimum wage to $15 an hour”,”duration”:”03:00″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/02/amazon-minimum-wage.cnn-business/index.xml”,”videoId”:”business/2018/10/02/amazon-minimum-wage.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181002115644-01-us-amazon-employees-file-restricted-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/02/amazon-minimum-wage.cnn-business/video/playlists/business-amazon/”,”description”:”Dave Clark, Amazon’s SVP of Global Operations, tells CNN’s Christine Romans that the minimum wage increase will “help us hire and retain the best people over the course of time.””,”descriptionText”:”Dave Clark, Amazon’s SVP of Global Operations, tells CNN’s Christine Romans that the minimum wage increase will “help us hire and retain the best people over the course of time.””},{“title”:”See Amazon’s new Prime delivery initiative”,”duration”:”01:35″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/21/amazon-prime-delivery-partners-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/21/amazon-prime-delivery-partners-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180921124933-amazon-prime-partners-cnn-business-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/21/amazon-prime-delivery-partners-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon has announced a new program to create small businesses that can deliver its packages in branded vans and uniforms.”,”descriptionText”:”Amazon has announced a new program to create small businesses that can deliver its packages in branded vans and uniforms.”}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = true;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//www.i.cdn.cnn.com/.a/2.139.1/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-nahdyt”,’js-video_description-featured-nahdyt’,[{“title”:”Amazon scraps plans for NYC HQ”,”duration”:”01:18″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business/index.xml”,”videoId”:”business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190214172031-amazon-long-island-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/14/amazon-hq2-cancels-long-island-city-new-york-orig.cnn-business/video/playlists/business-amazon/”,”description”:”After intense public backlash, Amazon announces it will no longer build its HQ2 in Long Island City, Queens.”,”descriptionText”:”After intense public backlash, Amazon announces it will no longer build its HQ2 in Long Island City, Queens.”},{“title”:”Amazon should have seen this coming”,”duration”:”03:32″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/14/amazon-should-have-seen-this-coming-orig.cnn-business/index.xml”,”videoId”:”business/2019/02/14/amazon-should-have-seen-this-coming-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190105174757-01-amazon-hq2-protest-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/14/amazon-should-have-seen-this-coming-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Thanks to a public uprising, Amazon has backed off its plans to bring a new headquarters to Long Island City. CNN’s Jon Sarlin explains why Amazon should have seen the backlash coming.”,”descriptionText”:”Thanks to a public uprising, Amazon has backed off its plans to bring a new headquarters to Long Island City. CNN’s Jon Sarlin explains why Amazon should have seen the backlash coming.”},{“title”:”Gianaris on Amazon HQ2: We’ve stood up and the people are being heard”,”duration”:”05:59″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/08/amazon-new-york-hq-michael-gianaris.cnn-business/index.xml”,”videoId”:”business/2019/02/08/amazon-new-york-hq-michael-gianaris.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190208152647-michael-gianaris-deputy-majority-leader-of-the-new-york-state-senate-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/08/amazon-new-york-hq-michael-gianaris.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon is said to be reconsidering its plans to open up a new campus in New York City’s Long Island City neighborhood after facing backlash from local residents, according to a Washington Post report. Vocal critic Michael Gianaris, Deputy Majority Leader of the New York State Senate weighs in.”,”descriptionText”:”Amazon is said to be reconsidering its plans to open up a new campus in New York City’s Long Island City neighborhood after facing backlash from local residents, according to a Washington Post report. Vocal critic Michael Gianaris, Deputy Majority Leader of the New York State Senate weighs in.”},{“title”:”Amazon HQ2 incentives ignite backlash”,”duration”:”03:01″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/08/amazon-new-york-city-incentives-backlash.cnn-business/index.xml”,”videoId”:”business/2019/01/08/amazon-new-york-city-incentives-backlash.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190108120512-amazon-incentives-backlash-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/08/amazon-new-york-city-incentives-backlash.cnn-business/video/playlists/business-amazon/”,”description”:”Cities and states rolling out tax breaks and incentives to get big companies to move there is nothing new. But Amazon’s HQ2 search has ignited a fierce debate on this practice — and New York City is at the center. CNN’s Clare Sebastian reports.”,”descriptionText”:”Cities and states rolling out tax breaks and incentives to get big companies to move there is nothing new. But Amazon’s HQ2 search has ignited a fierce debate on this practice — and New York City is at the center. CNN’s Clare Sebastian reports.”},{“title”:”Amazon HQ2: Who really wins?”,”duration”:”04:17″,”sourceName”:”CNNMoney”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/cnnmoney/2018/03/13/amazon-hq2-orig.cnnmoney/index.xml”,”videoId”:”cnnmoney/2018/03/13/amazon-hq2-orig.cnnmoney”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/170714114413-jeff-bezos-sun-valley-large-169.jpg”,”videoUrl”:”/videos/cnnmoney/2018/03/13/amazon-hq2-orig.cnnmoney/video/playlists/business-amazon/”,”description”:”With New York and Virginia declared the winners of Amazon’s headquarters search, CNN’s Jon Sarlin looks at how good it really is to be the “winner.””,”descriptionText”:”With New York and Virginia declared the winners of Amazon’s headquarters search, CNN’s Jon Sarlin looks at how good it really is to be the “winner.””},{“title”:”Will the government attempt to break up Amazon?​”,”duration”:”02:22″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/12/amazon-anti-trust-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/12/amazon-anti-trust-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181012115857-amazon-government-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/12/amazon-anti-trust-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon is growing rapidly. But how big is too big? Experts weigh in on the competition Amazon faces and growing antitrust concerns.”,”descriptionText”:”Amazon is growing rapidly. But how big is too big? Experts weigh in on the competition Amazon faces and growing antitrust concerns.”},{“title”:”Will Bezos ever leave Amazon?”,”duration”:”02:16″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/10/amazon-2023-jeff-bezos-future.cnn-business/index.xml”,”videoId”:”business/2018/10/10/amazon-2023-jeff-bezos-future.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180419121306-amazon-jeff-bezos-happy-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/10/amazon-2023-jeff-bezos-future.cnn-business/video/playlists/business-amazon/”,”description”:”Jeff Bezos is the world’s richest man heading up one of the most valuable companies ever. So what’s next for the visionary and CEO?”,”descriptionText”:”Jeff Bezos is the world’s richest man heading up one of the most valuable companies ever. So what’s next for the visionary and CEO?”},{“title”:”Amazon is using AI in almost everything it does”,”duration”:”04:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/03/amazon-ai-behind-the-scenes-orig-mss.cnn-business/index.xml”,”videoId”:”business/2018/10/03/amazon-ai-behind-the-scenes-orig-mss.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181003173251-amazon-go-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/03/amazon-ai-behind-the-scenes-orig-mss.cnn-business/video/playlists/business-amazon/”,”description”:”Rachel Crane goes inside Amazon HQ to see how Amazon uses AI to improve customer experiences, from cashier-less stores to Alexa’s new tricks.”,”descriptionText”:”Rachel Crane goes inside Amazon HQ to see how Amazon uses AI to improve customer experiences, from cashier-less stores to Alexa’s new tricks.”},{“title”:”These industries could be Amazon’s next targets”,”duration”:”02:42″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/09/amazon-2023-next-ventures-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/09/amazon-2023-next-ventures-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181003174843-lista-forbes-millonarios-jeff-bezos-bill-gates-portafolio-cnnee-00000005-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/09/amazon-2023-next-ventures-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon has a voracious appetite for new ventures. Experts weigh in on what’s next for the already-trillion-dollar company.”,”descriptionText”:”Amazon has a voracious appetite for new ventures. Experts weigh in on what’s next for the already-trillion-dollar company.”},{“title”:”What happens when Amazon comes for your business?”,”duration”:”04:24″,”sourceName”:”CNN Business “,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/03/this-is-what-happens-when-amazon-comes-for-your-business.cnn-business/index.xml”,”videoId”:”business/2018/10/03/this-is-what-happens-when-amazon-comes-for-your-business.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181001125327-world-according-to-amazon-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/03/this-is-what-happens-when-amazon-comes-for-your-business.cnn-business/video/playlists/business-amazon/”,”description”:”CNN’s Jon Sarlin explains why companies panic when Amazon enters their markets and what unexpected opportunities that can bring.”,”descriptionText”:”CNN’s Jon Sarlin explains why companies panic when Amazon enters their markets and what unexpected opportunities that can bring.”},{“title”:”Can Amazon afford to get into the ad business?”,”duration”:”02:41″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/05/amazons-ad-future-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/05/amazons-ad-future-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180918185033-amazon-advertising-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/05/amazons-ad-future-orig.cnn-business/video/playlists/business-amazon/”,”description”:”CNN’s Jon Sarlin looks into Amazon’s booming ad business. Could Amazon’s move into Google and Facebook’s space alienate its customers and vendors?”,”descriptionText”:”CNN’s Jon Sarlin looks into Amazon’s booming ad business. Could Amazon’s move into Google and Facebook’s space alienate its customers and vendors?”},{“title”:”Amazon is worth more than $1 trillion”,”duration”:”01:24″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/26/amazon-is-worth-1-trillion-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/26/amazon-is-worth-1-trillion-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180830094628-gfx-amazon-1-trillion-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/26/amazon-is-worth-1-trillion-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon has doubled in market value in just a year and now joins Apple in the elite ranks of companies worth $1 trillion.”,”descriptionText”:”Amazon has doubled in market value in just a year and now joins Apple in the elite ranks of companies worth $1 trillion.”},{“title”:”Is Amazon a monopoly?”,”duration”:”04:14″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/03/amazon-monopoly-orig.cnn-business/index.xml”,”videoId”:”business/2018/10/03/amazon-monopoly-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181001181316-amazon-boxes-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/03/amazon-monopoly-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon dominates online retail and is one of the most valuable companies in the world. But are consumers harmed by its low prices? CNN’s Jon Sarlin reports. “,”descriptionText”:”Amazon dominates online retail and is one of the most valuable companies in the world. But are consumers harmed by its low prices? CNN’s Jon Sarlin reports. “},{“title”:”Amazon raises minimum wage to $15 an hour”,”duration”:”03:00″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/10/02/amazon-minimum-wage.cnn-business/index.xml”,”videoId”:”business/2018/10/02/amazon-minimum-wage.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181002115644-01-us-amazon-employees-file-restricted-large-169.jpg”,”videoUrl”:”/videos/business/2018/10/02/amazon-minimum-wage.cnn-business/video/playlists/business-amazon/”,”description”:”Dave Clark, Amazon’s SVP of Global Operations, tells CNN’s Christine Romans that the minimum wage increase will “help us hire and retain the best people over the course of time.””,”descriptionText”:”Dave Clark, Amazon’s SVP of Global Operations, tells CNN’s Christine Romans that the minimum wage increase will “help us hire and retain the best people over the course of time.””},{“title”:”See Amazon’s new Prime delivery initiative”,”duration”:”01:35″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/21/amazon-prime-delivery-partners-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/21/amazon-prime-delivery-partners-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180921124933-amazon-prime-partners-cnn-business-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/21/amazon-prime-delivery-partners-orig.cnn-business/video/playlists/business-amazon/”,”description”:”Amazon has announced a new program to create small businesses that can deliver its packages in branded vans and uniforms.”,”descriptionText”:”Amazon has announced a new program to create small businesses that can deliver its packages in branded vans and uniforms.”}],’js-video_headline-featured-nahdyt’,”,”js-video_source-featured-nahdyt”,true,true,’business-amazon’);if (typeof configObj.context !== ‘string’ || configObj.context.length

Read More

JetBlue passenger kicked off flight after yelling about child, spitting at others – Fox News

Video footage of a drunken JetBlue passenger throwing a tantrum has gone viral online.

Valerie Gonzalez was reportedly taking a JetBlue flight from Fort Lauderdale-Hollywood International Airport to Las Vegas on Thursday when she became upset that she was seated next to a three-year-old.

HUNDREDS STRANDED AS BRITISH AIRLINE FLYBMI FOLDS

According to an arrest affidavit, the irate 32-year-old said, “I’m not sitting next to a f—— 3-year-old. I’ve been drinking all day,” Metro News reported.

Fellow passenger Orlando Alzugaray recorded the incident and shared it on Twitter, where it racked up nearly 60K views.

MAN ARRESTED AT ORLANDO INTERNATIONAL AIRPORT FOR ATTEMPTED SECURITY BREACH

WARNING: Video contains strong language.

In the video, Gonzalez appears to be talking to someone via FaceTime on her phone while complaining that she “didn’t do anything wrong.”

Other passengers begin to film her conversation. At one point, she spits on the passenger in front of her who she claims is recording her.

CLICK HERE TO GET THE FOX NEWS APP

Later, the woman shouts at passengers while gathering her things to leave the plane.

“Make this viral! You wanna make this viral, make it viral. What the f— did I do? I called someone old ‘cause they were?” she yells. “I’ll get my bags. I’ll take my f—— s—.”

According to Metro, after the woman exited to the terminal, she tried to board the plane again. A JetBlue agent prevented her from entering the plane and Gonzalez hit the employee over the head.

FOLLOW US ON FACEBOOK FOR MORE FOX LIFESTYLE NEWS

Gonzalez was arrested at the Florida airport and charged with battery.

JetBlue did not immediately respond to Fox News’ request for comment.

Read More

How Will Your Retirement Benefits Be Taxed? – The Motley Fool

When you’re retired, you need all the income you can get. This income may derive from many sources, including retirement investment accounts, pensions, and Social Security. However, there’s a good chance you’ll lose at least part of your retirement income to the IRS — and potentially to state taxes as well.

The good news is, not all of your retirement income is necessarily subject to taxation. It’s important to understand how tax rules apply to different sources of funds in retirement so you can plan accordingly and be prepared when taxes come due. This guide will help.  

A 1040 form and pen next to a calculator

Image source: Getty Images.

How are retirement benefits taxed?

Federal tax rules for retirement income differ depending on the source of the income, as well as on how much you make. Things get even more complicated when it comes to state taxes, because there are big differences from one state to another. 

Here’s what you need to know about how the federal government and the state you live in may tax different benefits. 

Social Security benefits

The federal government taxes Social Security benefits, but only if your income reaches a certain threshold.

Income is calculated in a special way when determining whether your Social Security benefits are taxable. Your income is determined by adding half your Social Security benefits to all your other taxable income from other sources. Some tax-free income, such as municipal bond interest, is also added to determine your total income. 

If your income using this calculation exceeds $25,000 as a single filer or $32,000 when married filing jointly, you could be taxed on up to 50% of your Social Security benefits. If your income exceeds $34,000 as a single filer or $44,000 when filing as married filing jointly, you’ll be taxed on up to 85% of benefits. 

As for state taxes, only 13 states tax Social Security benefits: Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia. If you live in one of them, you’ll also need to learn your state’s rules for when and how your benefits will be taxed. 

Pension income

If you’re lucky enough to get a pension from your employer, the entire amount you receive is probably taxable income federally. This is the rule if you didn’t contribute any of your own money to your employer’s pension plan. However, if you contributed to your pension with after-tax funds, you don’t have to pay taxes on any part of the pension that’s considered to be a return of these contributions you made. The IRS explains how to determine what portion of your pension isn’t taxed, but the general rule is that you divide the contributed amount by the number of months the IRS estimates as your remaining life expectancy. 

The IRS treats pension income you’re taxed on as ordinary income, so you’re taxed on the entire amount at your normal tax rate. Because we have a pay-as-you-go system in the U.S., either taxes will need to be withheld from your pension checks or you’ll need to pay estimated taxes to avoid penalties. 

As far as state taxes go, if you live in Alaska, Florida, Illinois, Mississippi, Nevada, New Hampshire, Pennsylvania, South Dakota, Tennessee, Texas, Washington, or Wyoming, your pension income won’t be taxed. If you live in any other state, you’ll need to find out your local rules. Many other locales also exempt some types of pension income from taxation, including Alabama, Arkansas, Colorado, Delaware, Georgia, Hawaii, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Missouri, Montana, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, South Carolina, Utah, Virginia, and Wisconsin. 

Retirement account distributions

When you make withdrawals from traditional retirement accounts, including IRAs, 403(b)s, 401(k)s, 457s, and thrift savings plans, the federal government will tax you on those distributions as ordinary income. That means you’ll pay taxes based on whatever your tax rate is. If you have Roth accounts, on the other hand, you aren’t subject to any federal taxes on withdrawals as long as you’ve complied with requirements related to your age and how long you’ve had your accounts open. 

State tax rules also differ on how retirement account distributions are taxed. In Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming, there is no state income tax, so you don’t have to worry about being taxed on your account distributions. In other states, including Colorado, Georgia, Kentucky, Illinois, Michigan, Mississippi, Oklahoma, Pennsylvania, South Carolina, Virginia, and West Virginia, at least some retirement account distributions are tax exempt. You can check with the Department of Revenue where you live to find out the specific rules. 

Plan ahead and be prepared for taxes

It’s important to be prepared for the reality that taxes will take a bite out of your retirement income. When you’re figuring out what your retirement income will be, don’t forget to consider the taxes you’ll need to pay — and if you want to limit the amount the government gets, consider investing in Roth accounts so you can make withdrawals tax free. 

Read More

3 Warren Buffett Dividend Stocks to Buy in February – Motley Fool

Warren Buffett continues to hold off on initiating a dividend program for Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B). But there’s no question that the legendary investor likes dividends. He even noted in his letter to shareholders last year that Berkshire made a whopping $3.7 billion in dividends in 2017.

Not all of Buffett’s stocks pay dividends, but many of them do. What are the top dividend stocks in Buffett’s portfolio for investors to consider buying in February? Here’s why Apple (NASDAQ:AAPL), Johnson & Johnson (NYSE:JNJ), and Store Capital (NYSE:STOR) look like great picks.

Warren Buffett with other people around him

Image source: The Motley Fool.

1. Apple

Warren Buffett hasn’t always been a fan of technology stocks. But he’s bitten into Apple in a major way. It’s now the largest holding in Berkshire Hathaway’s investment portfolio.

Apple pays a dividend that currently yields 1.72%. The company’s dividend payout has nearly doubled since 2012. Apple shouldn’t have any problems at all keeping the dividends flowing. Its payout ratio is super low at 23%, and the company has a cash stockpile of more than $86 billion.

Some investors have soured on Apple lately, but not Buffett. The Oracle of Omaha doesn’t seem to be too concerned about the company’s headwinds in China and slower adoption for its newest iPhones, factors that caused Apple to slash its fourth-quarter revenue guidance in January. Buffett continues to believe in the long-term value of Apple’s ecosystem.   

2. Johnson & Johnson

Buffett and Berkshire have owned Johnson & Johnson for a long time. However, he sold most of Berkshire’s stake in the healthcare giant in 2012. Since mid-2012, J&J has delivered a total return of nearly 140%. 

A key part of Johnson & Johnson’s attraction is its dividend. The company has paid a dividend every quarter for 56 consecutive years. Its dividend currently yields 2.72%.

J&J faces some challenges. Its stock dropped more than 10% in one day in December after Reuters published a report alleging that J&J might have known for years that its baby powder and other talc products were contaminated by asbestos. The company’s growth has also slowed considerably with top-selling drug Remicade battling biosimilar competition. But J&J’s strong cash flow should enable the company to make acquisitions and deals to keep it a favorite for investors for a long time to come. 

3. Store Capital

Berkshire Hathaway owns only one real estate investment trust (REIT) — and it’s Store Capital. The company focuses on real estate properties where tenants are under leases that require them to cover property taxes, building insurance, and maintenance. 

As a REIT, Store Capital must distribute at least 90% of its taxable income to shareholders in the form of dividends. That’s exactly what it’s been doing for years, with its dividend now yielding over 4%.

Although many retailers are struggling with the growth in e-commerce, Store Capital’s tenants are doing pretty well overall. That’s because the REIT’s customer base includes many businesses that aren’t as susceptible to internet competition, including restaurants, movie theaters, and health clubs. Store Capital continues to grow its bottom line and its dividend — exactly what Buffett likes to see with a stock.

Best pick?

If you’re primarily looking for income, Store Capital is the best choice among these three Warren Buffett dividend stocks. It has the highest dividend yield now and likely will for a long time to come.

However, I think that Apple is the best overall pick. The company’s services are growing nicely. As high-speed 5G networks become more widespread, Apple’s sales of new iPhones should receive a big boost. And the company’s initiatives in augmented reality, self-driving cars, and video streaming could provide substantial new revenue sources in the future.

It’s no wonder Buffett has made Apple the No. 1 holding in Berkshire’s portfolio.

Keith Speights owns shares of Apple. The Motley Fool owns shares of and recommends Apple and Berkshire Hathaway (B shares). The Motley Fool owns shares of Johnson & Johnson and has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. The Motley Fool has a disclosure policy.

Read More

How Amazon’s Jeff Bezos and the National Enquirer went to war – Fox News

When Jeff Bezos was battling the National Enquirer over the exposés about his private life, he had a simple message for his top lieutenants: Stop feeding the coverage. Stop responding to journalists’ questions. Stop engaging with the media even if you’re trying to correct a bad story.

That order came as the Amazon founder believed he had tangible evidence that the supermarket tabloid was willing to abide by a cease-fire. It was then that Bezos authorized discussions with his adversaries about the nightmare that began when the paper exposed his affair with Lauren Sanchez.

These talks reached the point that the Enquirer’s parent company, American Media Inc., was supremely confident of reaching a written deal that would satisfy both sides’ concerns, according to sources familiar with the process. But that was not Bezos’ view at all. Hours later, he blew up the talks by accusing the Enquirer of blackmailing him over intimate photos and text messages.

JEFF BEZOS: NATIONAL ENQUIRER’S PARENT COMPANY THREATENED TO PUBLISH LURID SELFIES, OTHER ‘INTIMATE PHOTOS OF ME’

The private talks cast the billionaire’s charge of extortion in a somewhat different light, leaving people on both sides of the bitter battle convinced that he had successfully lured the tabloid company into a trap.

After the original Enquirer story in early January, Bezos had one overriding goal. That was to stop the Chinese water torture of embarrassing photos and texts about his relationship with Sanchez, a Los Angeles television personality, which put in motion a divorce from his wife MacKenzie. The sources say there were dozens of sexually explicit texts, along with the photos, that the Enquirer had held back.

Executives at American Media were told that Bezos was concerned that his reputation as a tech titan might be damaged by the continuing stories. After all, Amazon was promising its customers online security, and yet the Bezos messages and photos had been leaked, and possibly even hacked. (The latter theory has been largely discounted since the photos have been found not to have come from Lauren’s brother, Michael Sanchez, who called such rumors “100 percent false,” but may have come from several girlfriends, and an assistant, with whom Lauren shared the pictures and texts.)

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

The move toward behind-the-scenes talks began with a tacit understanding.

The Bezos team offered to play ball with another AMI publication, Us Weekly, for a story that would paint the couple exposed by the Enquirer in a more sympathetic light. A “source” provided by the team furnished such sympathetic quotes as “Jeff and Lauren are together. They’re serious about each other. This wasn’t a one-off fling. This is a relationship that’s been going on for months.” AMI was even able to push for quotes with more emotion.

The Bezos side, using Michael Sanchez, a Hollywood talent manager, as an intermediary, also arranged for paparazzi photos of Lauren Sanchez, who is a pilot, going to her office at the Santa Monica airport and boarding a helicopter. Us Weekly, which ran a cover story, called the photo spread an exclusive.

Now Bezos wanted something in return.

BEZOS’ GIRLFRIEND SHARED HIS TEXTS, PHOTOS WITH FRIENDS BEFORE ENQUIRER LEAK

His side was convinced, based on conversations with someone at AMI, that the Enquirer planned two more cover stories on Jeff and Lauren to follow up the first 12-page spread. A source close to AMI said there was no plan for additional cover stories on the couple, which would be a marketing decision, but that was what Bezos feared, along with the steady drip on items on the Enquirer’s website.

Days before the following week’s edition was scheduled to be published, the Bezos team was able to obtain a PDF file of the next Enquirer cover. It was about George Clooney’s wife Amal, supposedly moving out on him.

This was such a breach of the Enquirer’s usually tight security that someone on the Bezos team asked an AMI executive whether the cover was real or fake. The executive was surprised when shown evidence that Bezos’ people had the advance cover. Some of those involved believe the leak came from David Pecker, AMI’s owner. The company denies that Pecker provided the pre-publication cover to anyone.

But that leak — along with the Enquirer’s sudden halt in publishing any Bezos texts — convinced the billionaire that his strategy was working.

In fact, when reporters called about a rumor that Bezos and Lauren Sanchez would make their first public appearance at the Oscars, the CEO was gratified that Amazon’s PR department had refused to comment on the false story.

Some in Bezos’ inner circle reject the term “negotiations,” since they see themselves as simply responding to extortion threats. Still, detailed information provided by those close to the process makes clear there was a steady stream of phone calls, emails and texts about the contested issues, including one phone conversation that lasted 90 minutes.

Both sides played hardball.

The Bezos team insisted that AMI stop using leaks to smear Gavin de Becker, Bezos’ longtime security consultant, by suggesting that the breach involving the explicit photos and texts reflected a failure on his part. AMI was sent legal warning letters, demanding that such conduct cease.

AMI, for its part, wanted de Becker to acknowledge that his internal investigation had discovered no evidence that the Enquirer story was rooted in national politics. The company considered it defamatory for the Bezos side to suggest, as did his other high-profile property, the Washington Post, that its story was a politically motivated hit job. Pecker is a close friend of President Trump, who has repeatedly lambasted Bezos and what he calls the “Amazon Washington Post.”

In fact, the sources say, Bezos never intended to give the tabloid company what it wanted, which was a public statement declaring that the Enquirer stories, as an AMI letter put it, were not “instigated or dictated by external forces, political or otherwise.”

Legal letters were also sent on Bezos’ behalf, demanding that none of his photos or text messages be made public beyond what had already been published.

During this period, Bezos mused with his confidants, including his girlfriend, about the possibility of buying American Media, closing down the Enquirer, and beefing up its health and fitness titles. This could be presented as striking a blow for good journalism. There were even numbers thrown around, $1 billion or more, before they concluded the move was too risky.

AMI had a strong motivation to settle. Pecker and the company had recently struck an immunity deal with federal prosecutors over their role in arranging hush-money payments during the campaign to two women accusing Trump of extramarital affairs. Under the terms, any legal breach could cause prosecutors to revoke that immunity.

Bezos was motivated as well. He not only wanted relief of even the threat of naked pictures and steamy texts being published, he wanted no mention of certain tensions with his dying biological father.

The Amazon chief was closely monitoring the talks, as his advocates would sometimes ask for more time to consult with him if he was unavailable.

AMI, whose chief content officer, Dylan Howard, handled much of the negotiating, contended during the talks that it was not engaging in blackmail. When asked, the company refused to say that it would definitely publish the explicit Bezos material if no agreement was reached, only that it reserved the right to do so.

On Feb. 5, the sources say, AMI sent two crucial letters, after the Bezos team suggested the company put forth a proposal and they would respond.

The first letter was from an AMI lawyer, outlining a 7-point settlement agreement.

The second letter was from Howard, graphically detailing the photos they had obtained of Bezos, some of them “below-the-belt selfies,” and Lauren Sanchez. The problem was that this read like a threatening letter.

When reporters called about a rumor that Bezos and Lauren Sanchez would make their first public appearance at the Oscars, the CEO was gratified that Amazon’s PR department had refused to comment on the false story

The reason for this catalogue, in AMI’s view, is that Bezos wanted to know what recourse he would have if the Enquirer breached the agreement. The two sides even discussed whether a mediator would resolve any claims of a breach and whether that would take place in New York or California.

The calls and messages continued through the afternoon of Feb. 7. But that evening, Bezos accused AMI of blackmail in an explosive blog post on Medium, including the two AMI letters as evidence.

CLICK HERE TO GET THE FOX NEWS APP

Even executives at AMI had to admit it was a shrewd publicity move. Bezos won praise for denouncing the Enquirer and changed the subject from his personal life to harsh tabloid tactics. AMI executives felt they had furnished the letter as part of the negotiations and got burned.

The downside for Bezos was that the messy spectacle burst back into the news, just when the story seemed to be fading. Neither side would comment for the record.

Some on the Bezos team now hope the media spotlight will turn to his divorce, given that the eventual settlement will make MacKenzie Bezos the world’s richest woman and could have a significant impact on Amazon. That, at least, would shift the public focus away from the affair. They were pleased when told that MacKenzie was buying an apartment in New York worth at least $25 million, believing that she is in the process of moving on.

As for the evidence that triggered the blackmail brawl, that will probably never see the light of day. Bezos and his advisers believe that AMI executives would have huge legal liability by running photos without a copyright, and which arguably aren’t newsworthy since the story is already out. The AMI team, still sensitive about any violation that could eradicate the immunity deal, would like the story to quietly fade.

But given that federal prosecutors and AMI’s own board are now reviewing the situation,that may be wishful thinking.

Read More

How elite investors use artificial intelligence and machine learning to gain an edge – CNN

‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business’,width: ‘100%’,height: ‘100%’,section: ‘domestic’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘const-article-carousel-pagetop’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”IBM computer debates human champion”,”duration”:”01:12″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business/index.xml”,”videoId”:”business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”IBM’s Project Debater, an artificially-intelligent robot designed to debate humans, recently squared off against Harish Natarajan, a grand finalist in the 2016 World Debating Championships.”,”descriptionText”:”IBM’s Project Debater, an artificially-intelligent robot designed to debate humans, recently squared off against Harish Natarajan, a grand finalist in the 2016 World Debating Championships.”},{“title”:”Strategist: Recession possible if trade war persists”,”duration”:”02:23″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/13/markets-now-recession-trade-war-strategist.cnn-business/index.xml”,”videoId”:”business/2019/02/13/markets-now-recession-trade-war-strategist.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190213124004-20190213-markets-now-08-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/13/markets-now-recession-trade-war-strategist.cnn-business/video/playlists/business-markets-investing/”,”description”:”Liz Ann Sonders, chief investment strategist at Charles Schwab, explains why she thinks the next recession is inevitable, and why trade will be a big factor.”,”descriptionText”:”Liz Ann Sonders, chief investment strategist at Charles Schwab, explains why she thinks the next recession is inevitable, and why trade will be a big factor.”},{“title”:”Strategist: Second half of 2019 will be stronger for stocks”,”duration”:”03:26″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/13/markets-stocks-brian-belski.cnn-business/index.xml”,”videoId”:”business/2019/02/13/markets-stocks-brian-belski.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190213094403-brian-belski-bmo-capital-markets-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/13/markets-stocks-brian-belski.cnn-business/video/playlists/business-markets-investing/”,”description”:”Brian Belski, chief investment strategist at BMO Capital Markets, says the v-shaped bottom is “pretty typical of a deep sell-off and a strong recovery.””,”descriptionText”:”Brian Belski, chief investment strategist at BMO Capital Markets, says the v-shaped bottom is “pretty typical of a deep sell-off and a strong recovery.””},{“title”:”Gaming’s paradox: Free games are big money makers”,”duration”:”03:34″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/13/gaming-industry-activision-fortnite-timothy-oshea.cnn-business/index.xml”,”videoId”:”business/2019/02/13/gaming-industry-activision-fortnite-timothy-oshea.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190213120757-timothy-oshea-jefferies-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/13/gaming-industry-activision-fortnite-timothy-oshea.cnn-business/video/playlists/business-markets-investing/”,”description”:”Timothy O’Shea, tech research analyst and senior vice president at Jefferies, says “the big losers here are traditional media.””,”descriptionText”:”Timothy O’Shea, tech research analyst and senior vice president at Jefferies, says “the big losers here are traditional media.””},{“title”:”Why oil is moving higher”,”duration”:”04:16″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/12/oil-market-opec-saudi-cuts-francisco-blanch.cnn-business/index.xml”,”videoId”:”business/2019/02/12/oil-market-opec-saudi-cuts-francisco-blanch.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190212102713-francisco-blanch-head-of-commodities-research-at-bofa-merrill-lynch-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/12/oil-market-opec-saudi-cuts-francisco-blanch.cnn-business/video/playlists/business-markets-investing/”,”description”:”Francisco Blanch, Head of Commodities Research at BofA Merrill Lynch, says “despite all the OPEC turmoil, we’re seeing US production responding quite nicely and quite effectively to a rise in prices.””,”descriptionText”:”Francisco Blanch, Head of Commodities Research at BofA Merrill Lynch, says “despite all the OPEC turmoil, we’re seeing US production responding quite nicely and quite effectively to a rise in prices.””},{“title”:”Portfolio manager: Tech earnings will rebound”,”duration”:”01:45″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/11/tech-earnings-dryden-pence.cnn-business/index.xml”,”videoId”:”business/2019/02/11/tech-earnings-dryden-pence.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190211131607-dryden-pence-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/11/tech-earnings-dryden-pence.cnn-business/video/playlists/business-markets-investing/”,”description”:”Dryden Pence, Pence Wealth Management CIO, says stronger results in the tech sector will come later in the year.”,”descriptionText”:”Dryden Pence, Pence Wealth Management CIO, says stronger results in the tech sector will come later in the year.”},{“title”:”Petrides: BB&T and SunTrust merger is ‘an enormous deal'”,”duration”:”02:43″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/08/wall-street-markets-banks-john-petrides.cnn-business/index.xml”,”videoId”:”business/2019/02/08/wall-street-markets-banks-john-petrides.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190208103112-suntrust-bank-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/08/wall-street-markets-banks-john-petrides.cnn-business/video/playlists/business-markets-investing/”,”description”:”John Petrides, Managing Director at Point View Wealth Management, says he would not be surprised if the deal leads to more consolidation in the banking sector. “,”descriptionText”:”John Petrides, Managing Director at Point View Wealth Management, says he would not be surprised if the deal leads to more consolidation in the banking sector. “},{“title”:”Matt McCall: S&P 500 will gain 25% this year”,”duration”:”01:38″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/06/matt-mccall-2019-stock-predictions.cnn-business/index.xml”,”videoId”:”business/2019/02/06/matt-mccall-2019-stock-predictions.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190206140509-markets-now-s4-2-6-matt-mccall-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/06/matt-mccall-2019-stock-predictions.cnn-business/video/playlists/business-markets-investing/”,”description”:”Founder & President of Penn Financial Group Matt McCall tells CNN’s Richard Quest why there’s still value in stocks thanks to low interest rates and solid earnings growth.”,”descriptionText”:”Founder & President of Penn Financial Group Matt McCall tells CNN’s Richard Quest why there’s still value in stocks thanks to low interest rates and solid earnings growth.”},{“title”:”Why investors need to take inequality seriously”,”duration”:”02:52″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/05/investors-economic-inequality-torsten-slok.cnn/index.xml”,”videoId”:”business/2019/02/05/investors-economic-inequality-torsten-slok.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190205102604-torsten-slok-chief-international-economist-at-deutsche-bank-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/05/investors-economic-inequality-torsten-slok.cnn/video/playlists/business-markets-investing/”,”description”:”Torsten Slok, Chief International Economist at Deutsche Bank, says growing economic inequality in the United States cannot be ignored.”,”descriptionText”:”Torsten Slok, Chief International Economist at Deutsche Bank, says growing economic inequality in the United States cannot be ignored.”},{“title”:”Bitterly: Investors need to avoid a US-centric portfolio”,”duration”:”02:31″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/31/bitterly-globally-diversified-portfolio.cnn-business/index.xml”,”videoId”:”business/2019/01/31/bitterly-globally-diversified-portfolio.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190131135802-markets-now-bitterly-1-31-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/31/bitterly-globally-diversified-portfolio.cnn-business/video/playlists/business-markets-investing/”,”description”:”Kristen Bitterly, Citi Private Bank Head of Capital Markets, America, explains the importance of having a globally diversified portfolio and why she’s optimistic about Asian emerging markets.”,”descriptionText”:”Kristen Bitterly, Citi Private Bank Head of Capital Markets, America, explains the importance of having a globally diversified portfolio and why she’s optimistic about Asian emerging markets.”},{“title”:”Jeremy Siegel: Trade war is biggest risk to stocks”,”duration”:”01:02″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/30/jeremy-siegel-stock-threats-markets-now.cnn-business/index.xml”,”videoId”:”business/2019/01/30/jeremy-siegel-stock-threats-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190130133156-20190130-markets-now-5-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/30/jeremy-siegel-stock-threats-markets-now.cnn-business/video/playlists/business-markets-investing/”,”description”:”Wharton finance professor Jeremy Siegel sees a potential trade war and escalation of tariffs as the biggest near-term threat to stocks.”,”descriptionText”:”Wharton finance professor Jeremy Siegel sees a potential trade war and escalation of tariffs as the biggest near-term threat to stocks.”},{“title”:”iPhone sales dip 15% as Apple’s growth in China slows”,”duration”:”01:56″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/29/apple-iphone-sales-earnings.cnn-business/index.xml”,”videoId”:”business/2019/01/29/apple-iphone-sales-earnings.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190129090939-china-apple-01072019-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/29/apple-iphone-sales-earnings.cnn-business/video/playlists/business-markets-investing/”,”description”:”Apple reported holiday quarter earnings of $84.3 billion. That’s down 5% from last year and driven by a drop in iPhone sales.”,”descriptionText”:”Apple reported holiday quarter earnings of $84.3 billion. That’s down 5% from last year and driven by a drop in iPhone sales.”},{“title”:”Analyst: Shallow corporate earnings recession possible”,”duration”:”02:20″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/23/shallow-corporate-profit-darius-dale.cnn-business/index.xml”,”videoId”:”business/2019/01/23/shallow-corporate-profit-darius-dale.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190123141425-darius-dale-markets-now-1-23-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/23/shallow-corporate-profit-darius-dale.cnn-business/video/playlists/business-markets-investing/”,”description”:”Senior global macro analyst Darius Dale tells CNN’s Alison Kosik why he thinks slowing corporate profits present downside risks to investors.”,”descriptionText”:”Senior global macro analyst Darius Dale tells CNN’s Alison Kosik why he thinks slowing corporate profits present downside risks to investors.”},{“title”:”Strategist: The Fed trumps Brexit in this market”,”duration”:”02:00″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/16/jeff-mills-brexit-federal-reserve-markets-now.cnn-business/index.xml”,”videoId”:”business/2019/01/16/jeff-mills-brexit-federal-reserve-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190116121205-20190116-markets-now-6-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/16/jeff-mills-brexit-federal-reserve-markets-now.cnn-business/video/playlists/business-markets-investing/”,”description”:”Jeff Mills, Co-Chief investment strategist at PNC Financial, explains why earnings and the Federal Reserve are the most important factors moving stocks.”,”descriptionText”:”Jeff Mills, Co-Chief investment strategist at PNC Financial, explains why earnings and the Federal Reserve are the most important factors moving stocks.”},{“title”:”Mark Howard: We’ve seen the bottom for stocks”,”duration”:”01:50″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/09/mark-howard-seen-bottom-for-stocks-orig.cnn-business/index.xml”,”videoId”:”business/2019/01/09/mark-howard-seen-bottom-for-stocks-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190109135349-markets-now-s4-0109-mark-howard-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/09/mark-howard-seen-bottom-for-stocks-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”BNP Paribas’ Mark Howard tells CNN’s Richard Quest why investors are less anxious in the new year, and why he expects stocks to rise in the near term.”,”descriptionText”:”BNP Paribas’ Mark Howard tells CNN’s Richard Quest why investors are less anxious in the new year, and why he expects stocks to rise in the near term.”},{“title”:”Volatility is nothing new. We’ve just been spoiled.”,”duration”:”01:15″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/04/market-volatility-explainer-orig.cnn-business/index.xml”,”videoId”:”business/2019/01/04/market-volatility-explainer-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180305085155-cnnmoneywallstreet-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/04/market-volatility-explainer-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”The recent spike in market volatility is spooking investors, but Christine Romans explains it’s actually just how markets work.”,”descriptionText”:”The recent spike in market volatility is spooking investors, but Christine Romans explains it’s actually just how markets work.”}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = true;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//www.i.cdn.cnn.com/.a/2.139.1/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-1mx3ekw”,’js-video_description-featured-1mx3ekw’,[{“title”:”IBM computer debates human champion”,”duration”:”01:12″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business/index.xml”,”videoId”:”business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190211155330-ibm-ai-robot-debates-human-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/12/ibm-project-debater-human-debate-zw-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”IBM’s Project Debater, an artificially-intelligent robot designed to debate humans, recently squared off against Harish Natarajan, a grand finalist in the 2016 World Debating Championships.”,”descriptionText”:”IBM’s Project Debater, an artificially-intelligent robot designed to debate humans, recently squared off against Harish Natarajan, a grand finalist in the 2016 World Debating Championships.”},{“title”:”Strategist: Recession possible if trade war persists”,”duration”:”02:23″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/13/markets-now-recession-trade-war-strategist.cnn-business/index.xml”,”videoId”:”business/2019/02/13/markets-now-recession-trade-war-strategist.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190213124004-20190213-markets-now-08-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/13/markets-now-recession-trade-war-strategist.cnn-business/video/playlists/business-markets-investing/”,”description”:”Liz Ann Sonders, chief investment strategist at Charles Schwab, explains why she thinks the next recession is inevitable, and why trade will be a big factor.”,”descriptionText”:”Liz Ann Sonders, chief investment strategist at Charles Schwab, explains why she thinks the next recession is inevitable, and why trade will be a big factor.”},{“title”:”Strategist: Second half of 2019 will be stronger for stocks”,”duration”:”03:26″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/13/markets-stocks-brian-belski.cnn-business/index.xml”,”videoId”:”business/2019/02/13/markets-stocks-brian-belski.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190213094403-brian-belski-bmo-capital-markets-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/13/markets-stocks-brian-belski.cnn-business/video/playlists/business-markets-investing/”,”description”:”Brian Belski, chief investment strategist at BMO Capital Markets, says the v-shaped bottom is “pretty typical of a deep sell-off and a strong recovery.””,”descriptionText”:”Brian Belski, chief investment strategist at BMO Capital Markets, says the v-shaped bottom is “pretty typical of a deep sell-off and a strong recovery.””},{“title”:”Gaming’s paradox: Free games are big money makers”,”duration”:”03:34″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/13/gaming-industry-activision-fortnite-timothy-oshea.cnn-business/index.xml”,”videoId”:”business/2019/02/13/gaming-industry-activision-fortnite-timothy-oshea.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190213120757-timothy-oshea-jefferies-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/13/gaming-industry-activision-fortnite-timothy-oshea.cnn-business/video/playlists/business-markets-investing/”,”description”:”Timothy O’Shea, tech research analyst and senior vice president at Jefferies, says “the big losers here are traditional media.””,”descriptionText”:”Timothy O’Shea, tech research analyst and senior vice president at Jefferies, says “the big losers here are traditional media.””},{“title”:”Why oil is moving higher”,”duration”:”04:16″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/12/oil-market-opec-saudi-cuts-francisco-blanch.cnn-business/index.xml”,”videoId”:”business/2019/02/12/oil-market-opec-saudi-cuts-francisco-blanch.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190212102713-francisco-blanch-head-of-commodities-research-at-bofa-merrill-lynch-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/12/oil-market-opec-saudi-cuts-francisco-blanch.cnn-business/video/playlists/business-markets-investing/”,”description”:”Francisco Blanch, Head of Commodities Research at BofA Merrill Lynch, says “despite all the OPEC turmoil, we’re seeing US production responding quite nicely and quite effectively to a rise in prices.””,”descriptionText”:”Francisco Blanch, Head of Commodities Research at BofA Merrill Lynch, says “despite all the OPEC turmoil, we’re seeing US production responding quite nicely and quite effectively to a rise in prices.””},{“title”:”Portfolio manager: Tech earnings will rebound”,”duration”:”01:45″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/11/tech-earnings-dryden-pence.cnn-business/index.xml”,”videoId”:”business/2019/02/11/tech-earnings-dryden-pence.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190211131607-dryden-pence-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/11/tech-earnings-dryden-pence.cnn-business/video/playlists/business-markets-investing/”,”description”:”Dryden Pence, Pence Wealth Management CIO, says stronger results in the tech sector will come later in the year.”,”descriptionText”:”Dryden Pence, Pence Wealth Management CIO, says stronger results in the tech sector will come later in the year.”},{“title”:”Petrides: BB&T and SunTrust merger is ‘an enormous deal'”,”duration”:”02:43″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/08/wall-street-markets-banks-john-petrides.cnn-business/index.xml”,”videoId”:”business/2019/02/08/wall-street-markets-banks-john-petrides.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190208103112-suntrust-bank-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/08/wall-street-markets-banks-john-petrides.cnn-business/video/playlists/business-markets-investing/”,”description”:”John Petrides, Managing Director at Point View Wealth Management, says he would not be surprised if the deal leads to more consolidation in the banking sector. “,”descriptionText”:”John Petrides, Managing Director at Point View Wealth Management, says he would not be surprised if the deal leads to more consolidation in the banking sector. “},{“title”:”Matt McCall: S&P 500 will gain 25% this year”,”duration”:”01:38″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/06/matt-mccall-2019-stock-predictions.cnn-business/index.xml”,”videoId”:”business/2019/02/06/matt-mccall-2019-stock-predictions.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190206140509-markets-now-s4-2-6-matt-mccall-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/06/matt-mccall-2019-stock-predictions.cnn-business/video/playlists/business-markets-investing/”,”description”:”Founder & President of Penn Financial Group Matt McCall tells CNN’s Richard Quest why there’s still value in stocks thanks to low interest rates and solid earnings growth.”,”descriptionText”:”Founder & President of Penn Financial Group Matt McCall tells CNN’s Richard Quest why there’s still value in stocks thanks to low interest rates and solid earnings growth.”},{“title”:”Why investors need to take inequality seriously”,”duration”:”02:52″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/05/investors-economic-inequality-torsten-slok.cnn/index.xml”,”videoId”:”business/2019/02/05/investors-economic-inequality-torsten-slok.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190205102604-torsten-slok-chief-international-economist-at-deutsche-bank-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/05/investors-economic-inequality-torsten-slok.cnn/video/playlists/business-markets-investing/”,”description”:”Torsten Slok, Chief International Economist at Deutsche Bank, says growing economic inequality in the United States cannot be ignored.”,”descriptionText”:”Torsten Slok, Chief International Economist at Deutsche Bank, says growing economic inequality in the United States cannot be ignored.”},{“title”:”Bitterly: Investors need to avoid a US-centric portfolio”,”duration”:”02:31″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/31/bitterly-globally-diversified-portfolio.cnn-business/index.xml”,”videoId”:”business/2019/01/31/bitterly-globally-diversified-portfolio.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190131135802-markets-now-bitterly-1-31-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/31/bitterly-globally-diversified-portfolio.cnn-business/video/playlists/business-markets-investing/”,”description”:”Kristen Bitterly, Citi Private Bank Head of Capital Markets, America, explains the importance of having a globally diversified portfolio and why she’s optimistic about Asian emerging markets.”,”descriptionText”:”Kristen Bitterly, Citi Private Bank Head of Capital Markets, America, explains the importance of having a globally diversified portfolio and why she’s optimistic about Asian emerging markets.”},{“title”:”Jeremy Siegel: Trade war is biggest risk to stocks”,”duration”:”01:02″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/30/jeremy-siegel-stock-threats-markets-now.cnn-business/index.xml”,”videoId”:”business/2019/01/30/jeremy-siegel-stock-threats-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190130133156-20190130-markets-now-5-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/30/jeremy-siegel-stock-threats-markets-now.cnn-business/video/playlists/business-markets-investing/”,”description”:”Wharton finance professor Jeremy Siegel sees a potential trade war and escalation of tariffs as the biggest near-term threat to stocks.”,”descriptionText”:”Wharton finance professor Jeremy Siegel sees a potential trade war and escalation of tariffs as the biggest near-term threat to stocks.”},{“title”:”iPhone sales dip 15% as Apple’s growth in China slows”,”duration”:”01:56″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/29/apple-iphone-sales-earnings.cnn-business/index.xml”,”videoId”:”business/2019/01/29/apple-iphone-sales-earnings.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190129090939-china-apple-01072019-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/29/apple-iphone-sales-earnings.cnn-business/video/playlists/business-markets-investing/”,”description”:”Apple reported holiday quarter earnings of $84.3 billion. That’s down 5% from last year and driven by a drop in iPhone sales.”,”descriptionText”:”Apple reported holiday quarter earnings of $84.3 billion. That’s down 5% from last year and driven by a drop in iPhone sales.”},{“title”:”Analyst: Shallow corporate earnings recession possible”,”duration”:”02:20″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/23/shallow-corporate-profit-darius-dale.cnn-business/index.xml”,”videoId”:”business/2019/01/23/shallow-corporate-profit-darius-dale.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190123141425-darius-dale-markets-now-1-23-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/23/shallow-corporate-profit-darius-dale.cnn-business/video/playlists/business-markets-investing/”,”description”:”Senior global macro analyst Darius Dale tells CNN’s Alison Kosik why he thinks slowing corporate profits present downside risks to investors.”,”descriptionText”:”Senior global macro analyst Darius Dale tells CNN’s Alison Kosik why he thinks slowing corporate profits present downside risks to investors.”},{“title”:”Strategist: The Fed trumps Brexit in this market”,”duration”:”02:00″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/16/jeff-mills-brexit-federal-reserve-markets-now.cnn-business/index.xml”,”videoId”:”business/2019/01/16/jeff-mills-brexit-federal-reserve-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190116121205-20190116-markets-now-6-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/16/jeff-mills-brexit-federal-reserve-markets-now.cnn-business/video/playlists/business-markets-investing/”,”description”:”Jeff Mills, Co-Chief investment strategist at PNC Financial, explains why earnings and the Federal Reserve are the most important factors moving stocks.”,”descriptionText”:”Jeff Mills, Co-Chief investment strategist at PNC Financial, explains why earnings and the Federal Reserve are the most important factors moving stocks.”},{“title”:”Mark Howard: We’ve seen the bottom for stocks”,”duration”:”01:50″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/09/mark-howard-seen-bottom-for-stocks-orig.cnn-business/index.xml”,”videoId”:”business/2019/01/09/mark-howard-seen-bottom-for-stocks-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190109135349-markets-now-s4-0109-mark-howard-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/09/mark-howard-seen-bottom-for-stocks-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”BNP Paribas’ Mark Howard tells CNN’s Richard Quest why investors are less anxious in the new year, and why he expects stocks to rise in the near term.”,”descriptionText”:”BNP Paribas’ Mark Howard tells CNN’s Richard Quest why investors are less anxious in the new year, and why he expects stocks to rise in the near term.”},{“title”:”Volatility is nothing new. We’ve just been spoiled.”,”duration”:”01:15″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/01/04/market-volatility-explainer-orig.cnn-business/index.xml”,”videoId”:”business/2019/01/04/market-volatility-explainer-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180305085155-cnnmoneywallstreet-large-169.jpg”,”videoUrl”:”/videos/business/2019/01/04/market-volatility-explainer-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”The recent spike in market volatility is spooking investors, but Christine Romans explains it’s actually just how markets work.”,”descriptionText”:”The recent spike in market volatility is spooking investors, but Christine Romans explains it’s actually just how markets work.”}],’js-video_headline-featured-1mx3ekw’,”,”js-video_source-featured-1mx3ekw”,true,true,’business-markets-investing’);if (typeof configObj.context !== ‘string’ || configObj.context.length

Read More

College grads expect to earn $60,000 in their first job—here’s how much they actually make – CNBC

Most will earn closer to $50,000.

PayScale estimates the typical graduate with zero to five years experience makes $48,400. The National Association of Colleges and Employers (NACE) calculates that the preliminary average starting salary for graduates from the class of 2018 is about $50,004.

NACE data also indicates that college graduate starting salaries have recently seen a subtle dip. The organization estimates that the starting salaries of the class of 2018 were actually 2 percent lower than the average starting of the class of 2017 ($51,022).

Despite this statistic, there are many good reasons for college graduates to be optimistic. Wages are finally beginning to budge after years of sluggish growth and recent figures from NACE indicate that employers plan to hire 16.6 percent more members of the Class of 2019 than the previous year’s graduating class. That’s the biggest increase among recent graduates since 2007.

“If you’re graduating from college now, you’ve timed it perfectly,” Brian Kropp, vice president at research firm Gartner tells CNBC Make It. “It’s hard to think of a better labor market that you could go into.”

Historically low unemployment rates are forcing companies to hire more recent graduates. The unemployment rate for all U.S. workers is roughly 3.9 percent, but the unemployment for college educated workers is just 2.1 percent.

Read More