CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
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If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
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Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
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Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
As if beautiful people don't catch enough breaks, one restaurant in China is also giving free meals to those who rank highest in the looks category, reports the Telegraph.
Customers who want to compete will be evaluated by a panel of local plastic surgeons. The 50 most attractive people each day will pay nothing for their meals.
Authorities were not happy with the promotion—saying that the Korean restaurant's sign did not have the green light to be there and that it damaged the city's image, according to the Telegraph.
On Tuesday, workers began removing the sign advertising the deal though the restaurant's manager said she would continue the deal.
More broadly, University of Texas at Austin Professor Daniel S. Hamermesh's research has shown attractive people "are more likely to be employed, work more productively and profitably, receive more substantial pay, obtain loan approvals, negotiate loans with better terms, and have more handsome and highly educated spouses."
It's not all bad news for those who don't score off-the-charts on the looks scale. Additional research published inPsychological Science shows average-looking faces are considered to be the most trustworthy.