21 ноября, 13:00

Почему американцы не идут в ученые

Есть два совершенно разных вида студентов, заполняющих коридоры и лаборатории Школы инженерии Тандон Нью-Йоркского университета. На младших курсах (до получения степени бакалавра) 80% — жители США. Среди выпускников магистратуры картина обратная — около 80% приходится на долю студентов из Индии, Китая, Кореи, Турции и других стран. Вдали от дома водоворот культур одновременно и успокаивает аспирантов, […]

20 ноября, 10:18

Why Is American Express (AXP) Up 1.8% Since the Last Earnings Report?

  • 0

American Express (AXP) reported earnings more than a month ago. What's next for the stock? We take a look at earnings estimates for some clues.

20 ноября, 09:29

Обзор рынка криптовалют: Главные новости 16.11.2017

Bitcoin Cash упал ниже $1000, Ripple под­ско­чил на 22%. Вто­рая по­ло­ви­на дня в чет­верг была от­ме­че­на рез­ки­ми дви­же­ни­я­ми кур­сов круп­ней­ших крип­то­ва­лют. Бит­ко­ин про­дол­жил рост и при­бли­зил­ся к от­мет­ке $7500. Бла­го­да­ря этому ралли ка­пи­та­ли­за­ция рынка крип­то­ва­лют вновь по­би­ла ре­корд и пре­вы­си­ла 220 млрд дол­ла­ров. Bitcoin Cash ис­пы­тал глу­бо­кую, но ожи­да­е­мую кор­рек­цию. Самый силь­ный рост де­мон­стри­ру­ет Ripple (+22%), ко­то­рый до­стиг от­мет­ки $0,2581. Это про­изо­шло после того, как American Express объ­яви­ла о за­пус­ке мгно­вен­ных меж­ду­на­род­ных пла­те­жей на базе блок­чей­на в со­труд­ни­че­стве с фин­тех-стар­та­пом Ripple.

Выбор редакции
18 ноября, 19:06

The Great Retirement Con

Authored by Adam Taggart via PeakProsperity.com, Frankly put: retirement is now a myth for the majority...   The Origins Of The Retirement Plan Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to soldiers who fought and survived the conflict. This guaranteed income stream, called a "pension", was again offered to soldiers in the Civil War and every American war since. Since then, similar pension promises funded from public coffers expanded to cover retirees from other branches of government. States and cities followed suit -- extending pensions to all sorts of municipal workers ranging from policemen to politicians, teachers to trash collectors. A pension is what's referred to as a defined benefit plan. The payout promised a worker upon retirement is guaranteed up front according to a formula, typically dependent on salary size and years of employment. Understandably, workers appreciated the security and dependability offered by pensions. So, as a means to attract skilled talent, the private sector started offering them, too.  The first corporate pension was offered by the American Express Company in 1875. By the 1960s, half of all employees in the private sector were covered by a pension plan. Off-loading Of Retirement Risk By Corporations Once pensions had become commonplace, they were much less effective as an incentive to lure top talent. They started to feel like burdensome cost centers to companies. As America's corporations grew and their veteran employees started hitting retirement age, the amount of funding required to meet current and future pension funding obligations became huge. And it kept growing. Remember, the Baby Boomer generation, the largest ever by far in US history, was just entering the workforce by the 1960s. Companies were eager to get this expanding liability off of their backs. And the more poorly-capitalized firms started defaulting on their pensions, stiffing those who had loyally worked for them. So, it's little surprise that the 1970s and '80s saw the introduction of personal retirement savings plans. The Individual Retirement Arrangement (IRA) was formed by the Employee Retirement Income Security Act (ERISA) in 1974. And the first 401k plan was created in 1980. These savings vehicles are defined contribution plans. The future payout of the plan is variable (i.e., unknown today), and will be largely a function of how much of their income the worker directs into the fund over their career, as well as the market return on the fund's investments. Touted as a revolutionary improvement for the worker, these plans promised to give the individual power over his/her own financial destiny. No longer would it be dictated by their employer. Your company doesn't offer a pension? No worries: open an IRA and create your own personal pension fund. Afraid your employer might mismanage your pension fund? A 401k removes that risk. You decide how your retirement money is invested. Want to retire sooner? Just increase the percent of your annual income contributions. All this sounded pretty good to workers. But it sounded GREAT to their employers. Why? Because it transferred the burden of retirement funding away from the company and onto its employees. It allowed for the removal of a massive and fast-growing liability off of the corporate balance sheet, and materially improved the outlook for future earnings and cash flow. As you would expect given this, corporate America moved swiftly over the next several decades to cap pension participation and transition to defined contribution plans. The table below shows how vigorously pensions (green) have disappeared since the introduction of IRAs and 401ks (red): (Source) So, to recap: 40 years ago, a grand experiment was embarked upon. One that promised US workers: Using these new defined contribution vehicles, you'll be better off when you reach retirement age. Which raises a simple but very important question: How have things worked out? The Ugly Aftermath America The Broke Well, things haven't worked out too well. Three decades later, what we're realizing is that this shift from dedicated-contribution pension plans to voluntary private savings was a grand experiment with no assurances. Corporations definitely benefited, as they could redeploy capital to expansion or bottom line profits. But employees? The data certainly seems to show that the experiment did not take human nature into account enough – specifically, the fact that just because people have the option to save money for later use doesn't mean that they actually will. First off, not every American worker (by far) is offered a 401k or similar retirement plan through work. But of those that are, 21% choose not to participate (source). As a result, 1 in 4 of those aged 45-64 and 22% of those 65+ have $0 in retirement savings (source). Forty-nine percent of American adults of all ages aren't saving anything for retirement. In 2016, the Economic Policy Institute published an excellent chartbook titled The State Of American Retirement (for those inclined to review the full set of charts on their website, it's well worth the time). The EPI's main conclusion from their analysis is that the switchover of the US workforce from defined-benefit pension plans to self-directed retirement savings vehicles (e..g, 401Ks and IRAs) has resulted in a sizeable drop in retirement preparedness. Retirement wealth has not grown fast enough to keep pace with our aging population. The stats illustrated by the EPI's charts are frightening on a mean, or average, level. For instance, for all workers 32-61, the average amount saved for retirement is less than $100,000. That's not much to live on in the last decades of your twilight years. And that average savings is actually lower than it was back in 2007, showing that households have still yet to fully recover the wealth lost during the Great Recession. But mean numbers are skewed by the outliers. In this case, the multi-$million households are bringing up the average pretty dramatically, making things look better than they really are. It's when we look at the median figures that things get truly scary: Nearly half of families have no retirement account savings at all. That makes median (50th percentile) values low for all age groups, ranging from $480 for families in their mid-30s to $17,000 for families approaching retirement in 2013. For most age groups, median account balances in 2013 were less than half their pre-recession peak and lower than at the start of the new millennium. (Source) The 50th percentile household aged 56-61 has only $17,000 to retire on. That's dangerously close to the Federal poverty level income for a family of two for just a single year. Most planners advise saving enough before retirement to maintain annual living expenses at about 70-80% of what they were during one's income-earning years. Medicare out-of-pocket costs alone are expected to be between $240,000 and $430,000 over retirement for a 65-year-old couple retiring today. The gap between retirement savings and living costs in one's later years is pretty staggering: Nearly 83% of retired households have less saved than Medicare costs alone will consume. One-third of retired households are entirely dependent on Social Security. On average, that's only $1,230 per month – a hard income to live on. (source) 34 percent of older Americans depend on credit cards to pay for basic living expenses such as mortgage payments, groceries, and utilities. (source)  As for Medicare, the out-of-pocket costs could easily soar over retirement. The Wall Street Journal reports that the current estimate of Medicare's unfunded liability now tops $42 Trillion. Such a mind-boggling gap makes it highly likely that current retirees will not receive all of the entitlements they are being promised. And the denial being shown by baby boomers entering retirement is frightening. Many simply plan to work longer before retiring, with a growing percentage saying they plan to work "forever".  But the data shows that declining health gives older Americans no choice but to leave the work force eventually, whether they want to or not. Years of surveys by the Employment Benefit Research Institute show that fully half of current retirees had to leave the work force sooner than desired due to health problems, disability, or layoffs. Add to this the nefarious impact of the Federal Reserve's prolonged 0% interest rate policy, which has made it extremely hard for retirees with fixed-income investments to generate a meaningful income from them. The number of Americans aged 65 years and older is projected to more than double in the next 40 years: Will the remaining body of active workers be able to support this tsunami of underfunded seniors? Don't bet on it. Especially since their retirement savings prospects are even more dim. With long-stagnant real wages and punishing price inflation in the cost of living, Generation X and Millennials are hard-pressed to put money away for their twilight years: (Source) Public Pensions: Broken Promises And for those "lucky" folks expecting to enjoy a public pension, there's a lot of uncertainty as to whether they're going to receive all they've been promised. Due to underfunded contributions, years of portfolio under-performance due to the Federal Reserve's 0% interest rate policy, poor fund management, and other reasons, many of the federal and state pensions are woefully under-captialized. The below chart from former Dallas Fed advisor Danielle DiMartino-Booth shows how the total sum of unfunded public pension obligations exploded from $292 billion in 2007 to $1.9 trillion by the end of 2016: (Source) And the daily headlines of failing state and local pension funds (Illinois, Kentucky, New Jersey, Dallas, Providence -- to name but a few) show that the problem is metastasizing across the nation at an accelerating rate. Affording Your Future The bottom line when it comes to retirement is that you're on your own. The vehicles and the promises you've been given are proving woefully insufficient to fund the "retirement" dream you've been sold your whole life. That's the bad news. But the good news is that the dream is still attainable. There are strategies and behaviors that, if adopted now, will make it much more likely for you to be able to afford to retire -- and in a way you can enjoy. In Part 2: Success Strategies For Retirement, we detail out these best practices for a solvent retirement, including providing 14 specific action steps you can start taking right now in your life that will materially improve your odds of enjoying your later years with grace. For far too many Americans, "retirement" will remain a perpetual myth. Don't let that happen to you. Click here to read Part 2 of this report (free executive summary, enrollment required for full access)  

17 ноября, 22:59

Мировые платежные системы начали переходить на блокчейн-сервис

American Express с технической поддержкой финтех-стартапа Ripple запустила первый в мире масштабный блокчейн-сервис мгновенных трансграничных переводов. Компании в США и Великобритании смогут получать деньги за товары и услуги «в режиме реального времени», сообщает Fortune. До сих пор все блокчейн-платежи были не более чем экспериментами. American Express совместно со стратапом из Сан-Франциско Ripple и европейским банковским гигантом Santander запустила первый в истории полноценный сервис трансграничных переводов денег на блокчейне. Американские и британские компании получили возможность с помощью технологии распределенного реестра переводить средства своим корпоративным клиентам, счета которых находятся в банке Santander. далее➤

17 ноября, 18:00

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and BCC Corporate SA ("BCCC")

BCC Corporate SA Settles Potential Liability for Apparent Violations of the Cuban Assets Control Regulations: BCC Corporate SA ("BCCC") is a Belgium-based credit card issuer and corporate service company that issues various payment products, such as credit cards, to its European-based corporate customers. At the time of the apparent violations, BCCC was a wholly owned subsidiary of Alpha Card Group ("Alpha Card"), which in turn was owned 50 percent by American Express Company (AMEX), a U.S. financial institution. AMEX has agreed to remit $204,277 to settle potential civil liability for 1,818 apparent violations of the Cuban Assets Control Regulations, 31 C.F.R. part 515 (CACR). Between April 9, 2009 and February 3, 2014, credit cards BCCC had issued to its corporate customers were used to make credit card purchases in Cuba. Although Alpha Card and BCCC had policies and procedures in place to review transactions for matches to OFAC's List of Specially Designated Nationals and Blocked Persons for compliance with U.S. economic sanctions laws, Alpha Card and BCCC nevertheless failed to implement controls to prevent BCCC-issued credit cards from being used in Cuba. Between April 9, 2009 and February 3, 2014, BCCC processed 1,818 transactions totaling $583,649.43 for more than 100 distinct corporate customers of BCCC whose cards were used in Cuba or that otherwise involved Cuba. The total base penalty amount for the 1,818 apparent violations was $291,825. OFAC has determined that AMEX voluntary self-disclosed the apparent violations to OFAC and that the apparent violations constitute a non-egregious case.

17 ноября, 16:57

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) ALCOA INC. AA 42 -0.30(-0.71%) 991 Amazon.com Inc., NASDAQ AMZN 1,138.00 0.71(0.06%) 31856 American Express Co AXP 93.53 -0.03(-0.03%) 512 Apple Inc. AAPL 170.97 -0.13(-0.08%) 341988 AT&T Inc T 34.5 -0.02(-0.06%) 7283 Barrick Gold Corporation, NYSE ABX 14 0.08(0.57%) 12684 Boeing Co BA 262.42 -1.28(-0.49%) 6634 Caterpillar Inc CAT 136.3 -0.06(-0.04%) 1113 Chevron Corp CVX 114.65 0.08(0.07%) 1889 Cisco Systems Inc CSCO 35.73 -0.15(-0.42%) 251957 Citigroup Inc., NYSE C 71.5 -0.17(-0.24%) 1415 Exxon Mobil Corp XOM 80.69 0.13(0.16%) 15451 Facebook, Inc. FB 179.62 0.03(0.02%) 146541 Ford Motor Co. F 12.03 -0.01(-0.08%) 1261 Freeport-McMoRan Copper & Gold Inc., NYSE FCX 13.52 -0.10(-0.73%) 9131 General Electric Co GE 18.47 0.22(1.21%) 832832 Goldman Sachs GS 238.17 -1.20(-0.50%) 3672 Intel Corp INTC 45.55 -0.10(-0.22%) 1842226 International Business Machines Co... IBM 148.7 -0.42(-0.28%) 3825 Johnson & Johnson JNJ 138.59 -0.28(-0.20%) 926 JPMorgan Chase and Co JPM 98.16 -0.31(-0.31%) 5242 McDonald's Corp MCD 167.23 -0.86(-0.51%) 3639 Nike NKE 58.4 1.17(2.04%) 129350 Pfizer Inc PFE 35.42 -0.14(-0.39%) 3437 Procter & Gamble Co PG 88.92 -0.33(-0.37%) 3065 Starbucks Corporation, NASDAQ SBUX 56.97 -0.27(-0.47%) 66556 Tesla Motors, Inc., NASDAQ TSLA 326.2 13.70(4.38%) 534620 The Coca-Cola Co KO 46.44 -0.11(-0.24%) 3403 Twitter, Inc., NYSE TWTR 20.38 0.02(0.10%) 14531 UnitedHealth Group Inc UNH 210.51 -0.62(-0.29%) 1787 Verizon Communications Inc VZ 44.71 -0.06(-0.13%) 11365 Visa V 111.15 0.13(0.12%) 22068 Wal-Mart Stores Inc WMT 99.44 -0.18(-0.18%) 94128 Walt Disney Co DIS 103.2 -0.40(-0.39%) 4704 Yandex N.V., NASDAQ YNDX 32.35 -0.05(-0.15%) 100 Источник: FxTeam

17 ноября, 15:53

American Express (AXP) Launches Blockchain Payment Platform

American Express (AXP) integrates innovations and technological upgrades in its offerings in order to make transactions more convenient and hassle-free.

17 ноября, 15:03

Биткоин взял 8000$.

Bitcoin обновил максимум, но в виду своей децентрализации на разных площадках это разные значения, но радует, что на ведущих биржах это значение выше 8000$. Так что разрешите вас всех поздравить с новой вершиной!!! Из последних новостей: — American Express вошла в сеть  RippleNet (Ripple). В скором времени коммерческие платежи между контрагентами в США и Великобритании будут работать во вновь созданном платёжном канале. Подробнее ТУТ. — ICO через разделение сети, хардфорк. Запрет на проведение первичных размещений монет в Китае становиться причиной возникновения новых концепций привлечения инвестиций в проекты. Подробней ТУТ. — по мнению главы CМЕ Терри Даффи, появление фьючерсов криптовалют на традиционных биржах, могут привести к снижению волатильности на криптобиржах. Подробней ТУТ. — Twitter добавил поддержку Bitcoin в приложение Cash App, позволяющее пользователям отправлять друг другу деньги через электронную почту без комиссий. Подробней ТУТ.Капитализация криптоэкономики составляет порядка 228 миллиардов, доля Bitcoin 57%. Уровни поддержки для Bitcoin 7500, 7300, 7000, 6500, 5500. Следующая цель на 8500.

Выбор редакции
16 ноября, 21:39

AmEx is using blockchain to make same-day international payments possible

American Express’s new service doesn’t require cards and makes same-day settlement possible. American Express (AXP) and Santander (SAN) have joined forces with Ripple, a blockchain payment network, to provide an international payments system with same-day settlement, something that is frequently difficult for banking customers. With this new program, which is not a trial but a full-scale rollout, American Express’s FX International Payments (FXIP) business will use the crypto company Ripple to make a transatlantic payment channel between the U.S. and the U.K. Initially, the channel is limited between the two countries.

Выбор редакции
16 ноября, 20:53

American Express запустила функцию мгновенных платежей на основе блокчейна

Компания American Express запустила функцию мгновенных платежей на основе технологии блокчейн в сотрудничестве с финтех-компанией Ripple и британским банком Santander, передает собкор Банки.ру в Брюсселе.

15 ноября, 16:38

Wells Fargo Reduces Sales Force at Card-Processing Unit

Wells Fargo (WFC) restructures its card processing venture for small businesses tocope with current volumes.

14 ноября, 18:06

Hilton (HLT) Continues to Gain From Solid Business Model

Hilton's (HLT) solid business model and customer-centric approach will help it gain traction amid industry woes.

13 ноября, 20:50

One Blasphemer’s New Admiration for Mormons

  • 0

The quickest and most full-throated condemnations of Roy Moore and his defenders came from members of the Church of Jesus Christ of Latter-day Saints.

13 ноября, 09:41

Американский аспирант как исчезающий вид

Класс компьютерных наук в Политехнической школе инженерии Тандон Нью-Йоркского университета, где 80% выпускников — из других стран.

11 ноября, 06:00

The Best Airport Lounges in the U.S. (and How You Can Get In)

Want to travel in style the next time you fly? You'll feel like a high roller when you spend time at these airport lounges.

10 ноября, 17:53

Dow 30 Stock Roundup: Disney Misses, Boeing Wins $37B China Order

  • 0

The Dow notched up minor gains over the week, before ultimately declining on concerns related to Trump's tax proposals.

10 ноября, 17:22

Куда вложиться завтра. Пять инвестиционных идей глобального рынка

Чем сейчас живут глобальные инвесторы помимо криптовалют и блокчейна

08 ноября, 23:11

Worst Trip Ever? 5 Money Mistakes People Make When Traveling

Don't let a financial mix-up put a cramp in your travel plans. Avoid these money mistakes that may put your trip in jeopardy.

03 ноября, 14:13

Western Union's (WU) Q3 Earnings & Revenues Beat Estimates

Western Union's (WU) strong third-quarter earnings were backed by solid revenue growth.

29 марта 2013, 11:03

Хакеры атаковали сайты American Express и Bank of America

Клиенты American Express в течение нескольких часов не могли получить доступ к своим онлайн-счетам, пишет The New York Times. В финансовой компании изданию подтвердили, что ее веб-сайт подвергся кибератаке. Агентство ИТАР-ТАСС со ссылкой на местные СМИ сообщает, что хакеры атаковали также сайт Bank of America. Сейчас веб-ресурсы работают в нормальном режиме. По данным NYT, мощные атаки на финансовые компании США начались в сентябре прошлого года и стоили корпорациям миллионы долларов. От действий хакеров уже пострадали JPMorgan Chase и Wells Fargo. Ответственность за эти нападения взяла на себя группа Izz ad-Din al-Qassam Cyber Fighters. Эксперты отмечают, что ранее кибератаки были направлены на финансовое мошенничество или экономический шпионаж, а теперь целью хакеров стало нарушение работы сайтов.

11 января 2013, 19:48

5400 сотрудников AmEx потеряют работу

http://ru.euronews.com/ American Express уволит 5400 сотрудников или 8,5% персонала в США и других странах. Американская платежная система адоптируется к ухудшению экономической ситуации в мире и цифровой революции - по мере развития интернет-сервисов компания может снижать затраты на рабочую силу. American Express уже вычел издержки, связанные с увольнениями, в результате прибыль за четвертый квартал прошлого года сократилась вдвое до 637 млн. долларов. Ñ�оциальные Ñ�ети : YouTube: http://bit.ly/zqVL10 Facebook: http://www.facebook.com/euronewsru Twitter: http://twitter.com/euronewsru

11 января 2013, 19:48

5400 сотрудников AmEx потеряют работу

http://ru.euronews.com/ American Express уволит 5400 сотрудников или 8,5% персонала в США и других странах. Американская платежная система адоптируется к ухудшению экономической ситуации в мире и цифровой революции - по мере развития интернет-сервисов компания может снижать затраты на рабочую силу. American Express уже вычел издержки, связанные с увольнениями, в результате прибыль за четвертый квартал прошлого года сократилась вдвое до 637 млн. долларов. Ñ�оциальные Ñ�ети : YouTube: http://bit.ly/zqVL10 Facebook: http://www.facebook.com/euronewsru Twitter: http://twitter.com/euronewsru

11 января 2013, 19:48

5400 сотрудников AmEx потеряют работу

http://ru.euronews.com/ American Express уволит 5400 сотрудников или 8,5% персонала в США и других странах. Американская платежная система адоптируется к ухудшению экономической ситуации в мире и цифровой революции - по мере развития интернет-сервисов компания может снижать затраты на рабочую силу. American Express уже вычел издержки, связанные с увольнениями, в результате прибыль за четвертый квартал прошлого года сократилась вдвое до 637 млн. долларов. Ñ�оциальные Ñ�ети : YouTube: http://bit.ly/zqVL10 Facebook: http://www.facebook.com/euronewsru Twitter: http://twitter.com/euronewsru