Markets are braced for the Fed to cut rates by a quarter point next week, but some economists say a few of the reasons the Fed gave for making the cuts may be less pressing now. Some see the Fed pausing after the Oct. 30 cut. Goldman Sachs economists, in fact, expects the Fed to
Month: October 2019
Facebook CEO Mark Zuckerberg is back in Washington this week arguing for libra, the digital currency his company created. This, after he last week made the case in front of an audience at Georgetown University that Facebook’s future, its past and its reason for being are all tied up in free speech. So, what’s at
Ark Investment Management founder and CEO Catherine Wood told CNBC that Thursday’s surge in Tesla stock is just the beginning of an eventual rise to $4,000 per share and possibly beyond. “Some of the shorts are covering” as Tesla shares see their best single-session gain in six years, said Wood, whose firm owns a considerable
Hill Street Studios | Getty Images Even if you’re still deciding how you’re going to vote next Election Day, you could already be taking political sides with your investments. New research examines whether mutual fund managers put more money in companies that are led by executives who share their political ideologies or party affiliations. And
In 2006, while the Federal Funds rate sat at near 5%, the notion of negative interest rates hitting the U.S. seemed absurd. Fast-forward to today and the thought of rates turning negative isn’t so far-fetched. As the world reacted to the slow growth following the 2008 recession by pushing down rates in an effort to
The robots are coming for the tax planners, but from what I can see, we will probably last longer than the truck drivers. This is my tentative conclusion from poking around with Blue J Legal’s Tax Foresight. I spoke with CEO Ben Alarie about the company and the product. Then he had his team give
By Gretchen Brown, Next Avenue Contributor Getty Julie (who prefers to use a pseudonym for this story), 54, wants to get her daughter through college without incurring any student loans for the $30,000 annual tuition. So, she helped fund her daughter’s freshman year by taking out a kind of second mortgage — a home equity
A Spirit Airlines airplane takes off from Newark Liberty Airport. Gary Hershorn | Getty Images U.S. budget carrier Spirit Airlines has agreed on a provisional deal to buy 100 Airbus single-aisle jet planes. Spirit Airlines said late Wednesday that it had signed a memorandum of understanding (MOU) with the European plane-maker that includes a mix
Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast is set to report earnings for its third quarter of 2019 before the bell on Thursday. Here are the key numbers analysts will be watching: Earnings per share: 75 cents per share, per Refinitiv estimates Revenue:
Getty Images Tech start-ups trying to become banks will now have to take a slower, more traditional route. Fintech companies had welcomed a special bank charter that cleared a quicker path for them to become a bank. But that was dealt a blow this week as a federal district court in New York decided that
Jeffrey Vinik Victor J. Blue | Bloomberg | Getty Images Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, is cutting his comeback tour short. “It has been much harder to raise money over the last several months than I anticipated,” Vinik said in a letter dated Wednesday to investors. The
MoMo Productions | Taxi | Getty Images Forget rent. Cash-strapped millennials who are starting families have a new cost on the horizon: child care. In 30 states and Washington, D.C., the annual cost of sending an infant to a child care center exceeds the annual in-state tuition and fees at a public college, according to
null Getty Today, the Aspen Institute Financial Security Program published a report, “The Time is Now: Next Steps Toward a More Secure Retirement for All,” based and consensus ideas from its Leadership Forum on Retirement Savings, which convened “more than 70 experts and industry leaders” to “share, evaluate, and refine solutions to the nation’s retirement
Economic Security Planning, Inc. Today’s column address whether to take retroactive benefits at 70, spousal benefits before retirement benefits, divorced spousal benefits with a public pension, when spousal benefits become available and filing early to allow spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Halloween creepy house with bats and red light from the windows, Halloween theme Getty While going to a haunted house sounds like an exciting night out, living in a haunted house can be far less fun. After all, unlike new hardwoods or a renovated bathroom, haunted isn’t exactly a feature most real estate brokers will
CNBC’s Jim Cramer says the onslaught of earnings reports this week has brought Wall Street to the point of “maximum disorientation” and reminds investors how to balance the workload. The “Mad Money” host gives a read on railroad company CSX coming off its latest quarterly report in an interview with CEO Jim Foote. He chats
Stephen Schwarzman, billionaire and co-founder of Blackstone Group LP, does not believe a meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Osaka, Japan at the end of June is likely to result in a major trade deal. Patrick T. Fallon | Bloomberg | Getty Images Blackstone, the world’s largest manager of
SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Check out the companies making headlines after the bell: Tesla shares surged more than 14% during extended trade after a big earnings beat. Tesla reported earnings of $1.86 per share
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman isn’t holding back anything regarding his feelings about Elizabeth Warren‘s presidential platform. Like many of her fellow Democrats vying for the party’s nomination, the Massachusetts senator has railed against the uber-rich like
Paul Tudor Jones Leanne Miller | CNBC Presidential hopeful Pete Buttigieg has seen a marked uptick in support following his standout performance earlier this month at the Democratic debate in Ohio. And that includes billionaire investor Paul Tudor Jones. “I love Pete, I love Mayor Pete, because I think he would be the best administrator
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