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Charting the latest bull-flag breakout, S&P 500 tags another record high

01/10/2020

Ukraine security service prioritizing missile, terrorism as possible causes of plane crash

KIEV (Reuters) – Ukraine’s state security service has prioritized a missile attack and terrorism as possible causes of the crash of a Ukrainian passenger plane in Iran, the head of the state security service (SBU) Ivan Bakanov said on Friday.

In a statement, Bakanov said the idea that it could have been a missile was gaining the most public attention but that it raised a series of questions. He also cautioned against drawing “hasty conclusions”.

What a strained U.S.-Iran relationship could mean for the nuclear deal

The landmark 2015 deal between Tehran and world powers aimed at preventing Iran from obtaining nuclear weapons has been teetering on the edge of collapse since the United States pulled out unilaterally in 2018.

The European Union says it will “spare no effort” to keep the deal alive, but with tensions between the U.S. and Iran escalating into open hostilities it seems increasingly unlikely that will be possible.

WHAT HAPPENS IF THE NUCLEAR DEAL FAILS?

Boeing, FAA Reportedly Review Wiring Issue On 737 MAX

Boeing Co (BA), who has been reeling under the impact of the two crashes related to the 737 Max, and the U.S. Federal Aviation Administration are reviewing a wiring issue that could potentially cause a short circuit on the aircraft, according to reports.

The 737 Max aircraft were grounded by airlines worldwide in March 2019 following two deadly crashes within a short span of five months that killed a total of 346 people.

The New York Times reported that Boeing’s internal audit, which conducted the review at the request of the FAA, found that two bundles of wiring are too close together, opening the potential for a short circuit.

Boeing is currently working to design separating the wiring bundles if necessary, the report said.

Meanwhile, the Wall Street Journal reported that the FAA is considering mandatory flight-simulator training before U.S. pilots can operate 737 MAX jets again. FAA earlier rejected such training mandates.

Last month, Boeing’s chief executive officer Dennis Muilenburg resigned, after he repeatedly failed to contain the fallout from the 737 MAX crashes.

Lebanese prosecutors plan to question ousted Nissan boss Ghosn's wife

Ghosn needs ‘to look over his shoulder’: Judge Andrew Napolitano

Fox News senior legal analyst Judge Andrew Napolitano says former chairman and CEO of Renault Carlos Ghosn will most likely stay in Lebanon and spend a lot of money to protect himself.

BEIRUT, Jan 10 (Reuters) – Ousted Nissan boss Carlos Ghosn’s wife Carla will be questioned by Lebanese prosecutors when authorities receive an Interpol notice, Lebanon’s caretaker justice minister Albert Serhan said in a statement on Friday.

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CARLOS GHOSN'S LAWYER SLAMS JAPAN JUSTICE MINISTER'S GAFFE

“Carla will be subject to the same procedures that were followed for (Carlos) when the red notice was received from Interpol,” the statement said.

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Flin Flon RCMP looking for robbery suspect

Police are asking for the public’s help tracking down a man who tried to rob a Flin Flon store at knife-point on Wednesday.

RCMP say the armed man entered the business around 9 p.m. and approached an employee who repeatedly told him to leave.

The man left empty-handed and no injuries are reported.

The man is described as 5’10” tall and 190 lbs. He was wearing camouflage pants, white and black shoes, and a black jacket with “family forever” written on the black.

How much you need to save every month to earn $50,000 a year in interest alone for retirement

Most people want a long, well-funded retirement.

And about 1 out of every 3 65-year-olds today will live past age 90, which means they will have plenty of time.

But will they have enough money? An "interest only" retirement plan removes one of the biggest fears about life after leaving your job: Will my money last me?

Because if you can save enough money now, you can fund your retirement by living off of your returns without ever touching your nest egg.

NerdWallet crunched the numbers, and we can tell you how much you need to save now to get $50,000 every year in retirement, without taking a bite out of your principal.

First, some ground rules. The numbers assume you will retire at 65 and have no money in savings now.

For investing, we assume an annual 6% return when you are saving and a more conservative 3% rate for your "interest only" retirement. We do not factor in inflation, taxes or any additional income you may get from Social Security and your 401(k).

Now let's get to the numbers.

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How much you can expect to get from Social Security if you make $40,000 a year
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.