Richard Newstead | Universal Images Group | Getty Images New car registrations in the U.K. fell by 2.4% in 2019, new figures from the Society of Motor Manufacturers and Traders (SMMT) show, with demand for new cars at a six-year low, according to the organization’s chief executive. Overall, there were 2,311,140 registrations last year, compared
Month: January 2020
Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer posted a quarterly loss of 21 cents per share, compared to consensus estimates of a 3 cents per share profit. Revenue also missed estimates, due in large measure to what the company calls challenging market conditions. Exxon
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | Getty Images Is Apple due for a pullback after its 80% surge last year? Longtime technology analyst Dan Ives doesn’t believe so. In fact, the Wedbush analyst
Hero Images | Getty Images New parents will have one new source to tap for money — their retirement savings. The Secure Act, which was passed by Congress in December, is ushering in some of the biggest changes to retirement savings since the Pension Protection Act of 2006. But experts warn that tapping your retirement
Getty With household American debt now at roughly $14 trillion dollars, it’s no surprise many Americans are struggling to manage their debt and establish positive financial habits. Mortgage debt is by far the largest source of American debt, sitting at $9.83 of the $14.12 trillion. Following mortgages is student loan debt, which hit $1.5 trillion in
photo: Getty In the pantheon of misconceptions about affordable housing (and there are many — that it attracts less desirable residents, is inherently built of lesser quality and will drag down a neighborhood), there is the myth that a community with affordable housing couldn’t possibly be good for business. I am here to tell you
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Netflix may have scored the most nominations for the 2020 Golden Globes, but it was AT&T, Disney, Sony and ViacomCBS that won the night. The streaming service garnered 17 nominations, the most of any single studio,
Deep in the valleys forged by the waters of Asia’s Red River, a series of colorful mountain villages are encircled by fields of towering rice terraces. The fields are agricultural feats of precision — rugged mountains blanketed with emerald stairways that, seemingly, ascend to the heavens above. Mu Cang Chai, Vietnam. Ratnakorn Piyasirisorost But this
Prasert Krainukul If you think that Republicans and Democrats can’t see eye to eye these days, try sitting in a room with financial professionals who are for and against annuities. The inability to agree is real. And both sides hold steadfast to their positions. Annuities are insurance or investment contracts that give investors regular payments
Couple celebrating with sparklers at the beach Getty If you’ve been holding the Cohen & Steers Quality Income Realty Fund (RQI)—a fund I wrote about a lot in 2019—you’ve done very well indeed. RQI has dominated, with its market-price return surging 51.9%, including gains and dividends, since the start of 2019. So today we’re going
Getty The Internal Revenue Service has announced that it has reached an agreement with Free File, Inc. (FFI). According to the IRS, the deal will help make the Free File program more taxpayer-friendly while strengthening consumer protections in several key areas. (You can read the agreement, which downloads as a PDF, here.) “This updated agreement is part of a larger
Anna in “Frozen II.” Disney Disney has continued its domination of the 2019 box office into 2020. On Sunday, “Frozen II” became the highest-grossing animated film of all time. With a $1.32 billion haul since its release in November, “Frozen II” has surpassed “Frozen” as the top animated film at the global box office. “Disney’s
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters 1. Wall Street’s 2019 rally set to continue in 2020 U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019. As of 7:50 a.m. ET, Dow Jones
For older Americans, required minimum distributions from retirement accounts are undergoing a bit of a makeover. On top of the age rising to 72 from 70½ for when those annual withdrawals must begin — effective this year, due to congressional approval of the Secure Act — updated life expectancy tables proposed by the IRS for
Job seekers wait in line for a job fair June 4, 2009 in Chicago, Illinois. (Photo by Scott Olson) Getty Images Right now I am attending meetings hosted by the American Economic Association in San Diego, a conference that is basically Mecca for academic economists. Disturbingly, there are a lot of sessions on whether we
Maravilla Club Lap Pool Joe Fletcher With two of Cabo’s finest swimmable beaches, a championship golf course, private campsites and a slew of amenities, the 1,400-acre Twin Dolphin Los Cabos community is easily the most exclusive real estate in Cabo. Homeowners include some of the biggest names in tech and sports and the casual, fun-loving
CNBC’s Jim Cramer on Friday, the second trading day of 2020, reviewed last year’s best performers on the Dow Jones Industrial Average and gave his predictions for the current trading year. The Dow, alongside the other two major indexes, surged double digits in the banner year of 2019. The 30-stock index of blue-chip companies gained
Interest rates should stay where they are as long as inflation remains tame, Chicago Federal Reserve President Charles Evans said Friday. “We really need to keep our eye on inflation,” the central bank official said. “And unless it starts to go up to something that is consistent with our 2% symmetric inflation objective, I think
Investors should hold off from buying stocks Friday, even as U.S. stocks opened lower after an American airstrike killed Iran’s top military general, CNBC’s Jim Cramer said. “I would not be excited about jumping in here because … we’re not giving up enough,” Cramer said on “Squawk on the Street.” The “Mad Money” host said caution is extremely important
By Leslie Hunter-Gadsden, Next Avenue Contributor Getty If you’re thinking about running a part-time business in retirement, researching and even starting it while you’re still working full-time is a smart move. “It’s great to see if there is a market for your business while not depending on it for an income,” said Phillip Phan, a
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