Month: January 2020

The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Microsoft. Steve Chiavarone was a buyer of the Russell 1000 Value ETF. Dan Nathan was a buyer of Goldman Sachs. Guy Adami was a buyer of Blackstone.  Disclosure Trader disclosure: Steve Grasso is long AAPL, ACB, BHC, CAR,
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Financial queue (Photo by Dominic Lipinski) PA Images via Getty Images To live off a portfolio, you need yield. But you can get into terrible trouble reaching for it. These days the average payout on stocks and bonds is a meager 2%, and it’s hard for a retiree to survive on that. I’ll show you
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Workers producing clothes in a factory in Huaibei, China. STR | AFP | Getty Images A private survey released on Thursday showed China’s manufacturing activity expanded in the month of December. The Markit/Caixin Purchasing Managers’ Index (PMI) for manufacturing came in at 51.5, compared to 51.8 in November. Analysts polled by Reuters had expected the private manufacturing
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White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. That would be 12.4% higher than Monday’s close. “I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “Forecast wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing
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Getty Better late than never: The Internal Revenue Service (IRS) has issued the 2020 standard mileage rates. Beginning on January 1, 2020, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile for business miles driven (down from 58 cents in 2019) 17 cents per mile
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