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Tag: invest

Former Trump aide to invest in Weinstein firm

Former Trump aide to invest in Weinstein firm

Entertainment
One of Donald Trump's closest confidantes has thrown a lifeline to the scandal-hit Weinstein entertainment empire, amid signs it could be up for sale.The Weinstein Company has confirmed it has entered an agreement with Colony Capital, a private equity firm run by Tom Barrack.Colony will inject cash into the company while discussions continue over it buying all or part of the Weinstein firm.:: UK police investigating five Weinstein sex assault claims:: Corden sorry for Weinstein jokesThe torrent of accusations against Harvey Weinstein had raised questions about the future of the company he founded.On Friday, his brother Bob denied suggestions the company would be closed or sold, saying it was "business as usual".:: The Accusers:Lina Esco, ActressShe says Weinstein told her: "I think we shou...
Goldman found a way to invest around rising wages, and it is beating the market

Goldman found a way to invest around rising wages, and it is beating the market

Finance
Goldman Sachs says stocks of companies with low labor costs are outperforming the overall market, and the strategy could pick up steam as wages rise.In a note to clients Friday, Goldman said a basket of stocks representing companies with low U.S. labor costs is up 20 percent this year, beating the nearly 14 percent gain in the S&P 500. Stocks in the low labor cost basket include Nike, Netflix, MetLife, Apple and Boeing.The note was released shortly after the Bureau of Labor Statistics said wages grew at an annualized rate of 2.9 percent last month, the highest since 2009. The sharp rise in wages also lifted the odds of a December Federal Reserve interest rate hike, as the central bank sees it as a sign of rising inflation.Goldman's 49-stock basket has a much lower labor cost as a perce...
Mercedes-Benz to invest $1 billion in Alabama, add 600 jobs

Mercedes-Benz to invest $1 billion in Alabama, add 600 jobs

Technology
Carmaker Mercedes-Benz announced Thursday that it will invest $ 1 billion to set up electric vehicle production at its Tuscaloosa, Alabama plant and to build a battery factory nearby, moves it said would create 600 new jobs. The luxury division of Germany's Daimler AG said it plans to manufacture electric SUVs under Mercedes' EQ sub-brand at the Alabama plant by the start of the next decade. Mercedes executive Markus Schaefer said in a statement that "with the addition of electric SUVs to our future fleet, we will provide discerning drivers with a new, high-quality automotive option." Daimler, based in Stuttgart, Germany, is among the global automakers investing in what they hope will be the automotive technology of the future, combining low-emissions electric propulsion with autonomous d...
Lockheed Martin to invest in Submaran S10 submersible drone

Lockheed Martin to invest in Submaran S10 submersible drone

Business
Sept. 15 (UPI) -- Lockheed Martin is investing in Ocean Aero alongside Teledyne Technologies for the development of the Submaran unmanned maritime vehicle.The Submaran S10 is an autonomous unmanned submarine that is powered by solar and wind energy, giving it virtually unlimited endurance and letting it operate for months at a time. It can raise a small sail that can propel it at over 5 knots to conserve power."Ocean Aero represents the next generation of environmentally powered, autonomous ocean systems," said Chris Moran, executive director and general manager of Lockheed Martin Ventures. "Our investment will allow us to better respond to customers' maritime needs with technology solutions for a diverse set of missions."The Submaran can mount a sophisticated suite of sensors for long-ter...
Should I invest my emergency savings in the stock market?

Should I invest my emergency savings in the stock market?

Finance
Money guide for MillennialsHow much of your emergency savings should be held in a savings account instead of the stock market or other account that has higher returns with various risks?-- Mary There's no question you should always have some money tucked away for emergencies. Most financial advisers recommend keeping three to six months' worth of expenses for emergencies, but where's the best place to keep the money? Experts usually recommend a plain-vanilla savings account.But in a low interest environment, it can be frustrating to watch your money earning nothing. Here are some ways you can get a better return on your money without taking on too much risk. Online savings accounts If you're a super saver, you may not be satisfied with the .01% interest your local bank offers you. Instead...