Are low yielding fixed income investments your best option? getty Almost all retirees and soon-to-be retirees who need their financial assets to fund their remaining years would like a retirement plan that tells them how much they can draw safely every month without fear of running out. A common response is to shift their portfolios
Month: November 2020
What will your state’s tax hike pay for? Education, bridges, public transportation? getty Arizona has flipped from a red state to a blue state, and along with that momentous change, its voters on election day have approved a massive state income tax hike on high earners. Put one way, it’s a 3.5% state income tax
Founder, CEO of Blue Lake Capital LLC. Helps passive investors grow wealth through real estate. Podcast Host: Ready2Scale. Mentor. getty The pandemic has changed the way we live our lives today, from wearing a mask when venturing to public places to washing our hands to distance learning for students from grade school through college. Not surprisingly,
Jim Farley, Ford CEO Ford Ford Motor will release its U.S. vehicle sales on a monthly basis as well as quarterly after the company’s new CEO Jim Farley promised Wall Street greater transparency. The decision comes more than a year after the Detroit automaker followed its crosstown rival, General Motors, in switching exclusively to quarterly
Steve Mollenkopf, chief executive officer of Qualcomm Inc. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm stock rose over 6% in extended trading as its revenue and adjusted earnings per share handily beat Wall Street expectations. Here’s how Qualcomm did versus Refinitiv consensus estimates for the quarter ended Sept. 27: Earnings: $1.45 per share
Wells Fargo Securities’ Christopher Harvey won’t buy the post-election bounce. “You want to fade this rally,” the firm’s head of equity strategy told CNBC’s “Trading Nation” on Wednesday. “It’s about stimulus. We now have — or what we believe we have — is [Joe] Biden as president and no longer a blue wave.” Harvey contends
Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase CEO Jamie Dimon told employees that they must have faith in the U.S. election process and patience to await a final determination. “While strong opinions and tremendous passion characterized this U.S. election,
Ozge Yagmur / EyeEm | EyeEm | Getty Images Voters in four states on Tuesday greenlighted measures to legalize and tax recreational marijuana for adults. Arizona, Montana, New Jersey and South Dakota have joined the 11 states that have already legalized recreational pot. Those other states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada,
A woman walks past a pro Fair Tax yard sign near a polling place on Election Day, Tuesday, Nov. 3, … [+] 2020, in Chicago. Voters have rejected the Fair Tax proposal to abolish Illinois’ flat-rate income tax for one that would take a greater share from wealthier taxpayers. The outcome of Tuesday’s Nov. 3,
getty The Internal Revenue Service (IRS), state tax agencies and the tax industry are warning taxpayers about a new scam – by text – to trick people into disclosing bank account information in order to receive an Economic Impact Payment, or stimulus check. As part of the scam, thieves are texting messages to taxpayer. The
Reduced daylight hours lead many to start experiencing seasonal affective disorder with the November … [+] time change. getty If you’re one of the estimated 10 million Americans who suffers from seasonal affective disorder, (also known, appropriately, as SAD), your symptoms might have kicked in hard this past weekend with the time change. For many
A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap caught fire Wednesday for posting a photo of a half-blue, half-red sweatshirt on its Twitter account, with the outcome of a heated presidential election still undecided and tensions running high. The retailer
JEFF KOWALSKY | AFP | Getty Images Many workers may be at risk of losing their jobs again as some areas are imposing or considering new shutdown orders to curb a surge in coronavirus cases. A judge in El Paso County, Texas, last week ordered all non-essential businesses like gyms and hair salons to close
Billionaire investor Leon Cooperman wasn’t always rich. The Omega Family Office chairman/CEO was born to working-class Polish immigrants and grew up in a one-bedroom apartment in New York City’s South Bronx neighborhood. His father was a plumber. “I’m the first generation in my family born in America, first generation to go to college,” Cooperman, 77,
Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the
People watch a big screen displaying the live election results in Florida at Black Lives Matter plaza across from the White House on election day in Washington, DC on November 3, 2020. Olivier Douliery | AFP | Getty Images One day after the election, the question on everyone’s lips is still, “Who will be president
Rideshare driver Jesus Jacobo Zepeda of Lancaster, California takes part in a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters California voters gave Uber and
getty New home building is riding a torrid—counter-pandemic, safe-haven-fueled—sales pace. This attests to the way many firms in this trillion-dollar sector have blasted into the millennium’s technological present, and they’d like to believe that present has nothing but running room ahead. Note, though, the millennium dawned two decades ago. Builders would mostly admit they’ve got
The words “classic American car” might conjure memories of massive sedans, flourishes like tailfins, big engines and in many cases bench seats. The front bench seat was once a standard feature of American cars, but over time it disappeared, in part due to changing tastes and safety regulations. Its disappearance actually says a lot about
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