Latest Personal investing News

WeWork cuts nearly 20% of workforce in restructuring effort

Nov. 21, 2019 5:49 PM EST

NEW YORK (AP) — WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy. WeWork said it has laid off 2,400 of its approximately 12,500 employees to...

Foreign ski-area investors sue US over residency petitions

Nov. 20, 2019 5:24 PM EST

MONTPELIER, Vt. (AP) — Foreigners who invested in northern Vermont ski area developments that are now linked to a fraud case are suing the federal government for failing to act on their petitions for U.S. residency. The 74 investors bankrolled $500,000 each in projects at Jay Peak and Burke Mountain...

Man, wife plead guilty to running Ponzi scheme

Nov. 18, 2019 5:07 PM EST

NEWARK, N.J. (AP) — A northern New Jersey couple has pleaded guilty to ripping off investors for more than $500,000 in a Ponzi scheme. Alcibiades Cifuentes and Jennifer Wee Cifuentes have admitted in federal court in Newark that they took money from about 25 people, purportedly to invest in the foreign...

These employers chip in on your student loans

Nov. 14, 2019 12:11 PM EST

Trilogy Health Services, a Louisville, Kentucky-based operator of senior living facilities, has paid $100 a month toward each eligible worker’s student loans over the past four years. Its total outlay: roughly $3 million. That money has made a big difference for Trilogy’s nurses, therapists and...

Cyprus moves to strip 26 foreign investors of citizenship

Nov. 6, 2019 12:02 PM EST

NICOSIA, Cyprus (AP) — Cyprus is to set in motion procedures to strip 26 foreign investors of citizenship, the country's interior minister said Wednesday, amid questions over whether they should have been issued a Cypriot passport under a lucrative investment program. Constantinos Petrides said authorities...

Cyprus 'golden passports' to be revoked if wrongdoing found

Nov. 4, 2019 10:01 AM EST

NICOSIA, Cyprus (AP) — Cyprus' president pledged on Monday to revoke any of his island republic's passports found to have been "mistakenly" granted to wealthy overseas investors under a controversial cash-for-citizenship program. Nicos Anastasiades said errors may have been made in granting such so-called...

Saudi Arabia formally starts IPO of oil firm Saudi Aramco

Nov. 3, 2019 7:33 AM EST

DHAHRAN, Saudi Arabia (AP) — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom's crown jewels. An approval by Saudi Arabia's Capital...

Real estate stocks surge as investors balance risk

Oct. 31, 2019 10:12 AM EDT

NEW YORK (AP) — In 2019, investors have relied on bricks and mortar to balance the riskier parts of their portfolios and get a good return. The S&P 500's real estate sector has been outpacing the broader market throughout the year. It's the second best performing sector in the index, in between...

Ukraine's plan to sell farmland raises fears of foreigners

Oct. 31, 2019 5:57 AM EDT

NEBELYTSIA, Ukraine (AP) — Most of Ukraine's rich farmland is carved up into small plots owned by about 7 million people, like Tetiana Petrovych, the postmistress in this village west of the capital. They own the land but can't sell it. Ukraine, which is one of the top grain exporters in the world and...

China promises no forced tech transfers, access to finance

Oct. 29, 2019 8:47 AM EDT

BEIJING (AP) — China on Tuesday promised more improvements in conditions for foreign companies including an end to officials pressing them to hand over technology — a key irritant in its tariff war with Washington. The announcement adds to a drumbeat of market-opening promises by the communist...