Jeffrey Sherman Adam Jeffery | CNBC DoubleLine Capital’s Jeffrey Sherman believes the August rush into Treasurys may have been overdone and said that those worried over a potential economic slowdown in the U.S. may be better served buying gold. Sherman, who serves as DoubleLine’s deputy chief investment officer, said in an interview with CNBC.com that
admin
Goldman Sachs and Bank of America have been added to the growing list of underwriters, sources familiar said, for what will likely be the biggest initial public offering of all time, Saudi Aramco. There will be six global coordinators of the IPO, sources said. The listing is expected to value the world’s most profitable oil
Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure. “This Spring, we initiated a process
Donald Trump and Jerome Powell Getty Images Cutting interest rates to zero would throw savers under the bus. Greg McBride Bankrate.com Since the recession, rising rates have paved the way for pay raises and a better return on savings, despite the impact on borrowing costs. And still, interest rates are historically low, which leaves the
Caitlin Boston paid off $223,000 of student loan debt. Courtesy of Caitlin Boston When Caitlin Boston finished paying off $223,000 of student loans, she did something amazing. She made a music video of herself dancing in a purple catsuit. Boston, who’s 34, lives in Brooklyn and works in the tech industry, amassed more than a quarter million dollars
Share to facebook Share to twitter Share to linkedin Entrance Concierge Auctions The sprawling Pittsburg, Texas estate built for the late Lonnie “Bo” Pilgrim who founded Pilgrim’s Pride, one of the country’s largest chicken producers in the U.S., is set for a no-reserve auction staring October 15th with Concierge Auctions (previous Forbes coverage of Pilgrim’s
Investors have several options to invest extra cash outside of their retirement plan. Building other assets is important as 401(k) savings alone may not be enough to fund retirement and you likely have other financial goals along the way. Getty If you have extra cash to invest after maxing out a 401(k) or other retirement
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth,
CNBC’s Jim Cramer expounded on the ongoing rotation of investments in the stock market. The “Mad Money” host goes off the charts to understand if the gold and bond prices are nearing a top. Cramer gives his thoughts on activist investor Elliott Management’s $3.2 billion stake in AT&T and explains why he think the move will
Photo by Troy Aossey via Getty Images While most of the nation’s youngest adults say they learn about money from Mom and Dad, they also think high schools should step up for future graduates. More than three-quarters (76%) of 18- and 19-year-olds say classes about managing finances should be required in high school, according to
CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed
If you’re like most pre-retirees, retirement planning starts by asking if you’ll have enough income during your retirement. If it appears you’ll generate adequate income, the focus shifts to tax and investment techniques that will maximize this income. In other words, “given my income, how can I retain more of it?” However, if you’re upper
Share to facebook Share to twitter Share to linkedin The study found that ten economies, including Ireland, host nearly 85% of the world’s phantom capital. Getty Topline: Although world leaders have sought to keep companies from avoiding taxes, the amount avoided has actually gone up over the past decade—and a new study by the International
It’s no secret that many industries have experienced disruption from technological innovation, from Uber’s effects on the taxi industry to Amazon’s impact on the retail sector. Yet, the commercial real estate industry has been slower to embrace the shift. I decided to look at three companies that are revolutionizing the commercial real estate industry through
Pedestrians pass in front of a GameStop store in New York Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop plummeted more than 16% after the company cut its forecast and reported second quarter earnings that fell short of expectations. The company said it expects adjusted full-year earnings per share
Consistently growing stocks are out and cyclical stocks are officially back in on the market as big fund investors rotate holdings based on their emotion, CNBC’s Jim Cramer said Tuesday. Wall Street saw a mixed day of trading with the Dow Jones Industrial Average adding 73 points and the S&P 500 inching up 0.03%. The
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery
Lamborghini Sián FKP 37 Source: Lamborghini Fans of the famous flux capacitor in 1985 movie “Back to the Future” will love the new Lamborghini. The Italian automaker unveiled its fastest car ever Tuesday morning at the Frankfurt Motor Show — a geometric fantasy of speed and engineering called the Sian FKP37. It is the company’s
Early retirement may sound like a dream. However, if today’s retirees are any indication, you may want to rethink how you plan financially. Photo taken in Big Island, United States Shawn Walters / EyeEm | EyeEm | Getty Images A new survey from NerdWallet finds that today’s retirees stopped working at 59, on average. That
Today I’m going to show you how one savvy buy can help you turn $100K into a $500,000 windfall. Plus, you’ll “automatically” build yourself a tidy monthly income stream—I’m talking $2,700+ here—without lifting a finger. That’s enough for many folks to retire on. At the center of it all is a little-known group of investments