President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and both will be in the forefront when President Donald Trump and Jerome Powell speak at
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Billionaire Mike Bloomberg could enter the presidential race and immediately make a mark, longtime Republican pollster Frank Luntz told CNBC on Friday. “Mike Bloomberg has more money than God,” said Luntz, explaining how the businessman, philanthropist and former New York City mayor could benefit from his wealth if he enters the race. He said Bloomberg
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The massive rotation into value stocks that rocked investors two months ago is going to extend into 2020, according to J.P. Morgan’s quant guru Marko Kolanovic. The quant, whose reports have moved markets in the past, predicted rotation, going so
Hero Images | Getty Images There’s a downside to this year’s stock market appreciation: Some investors are in line for a surprise tax bill. Mutual funds distribute capital gains to their investors close to the end of each year. By now, many investors have received notifications from their fund companies about that, and they can
Before I started my company GMM Nonstick Coatings in 2007, my biggest fear was “What if it fails?” A wise older friend who had started and sold a number of large companies said, “People on their deathbed usually regret the things they did not do, not their failures. If you don’t try, you’ll never know
Getty It’s benefits season, and that means employees are making mistakes that will cost them in headaches and dollars. “You really have to sit down and pay attention to your benefits like you never had to before,” says Judith Wethall, an employee benefits lawyer with McDermott Will & Emery in Chicago. It’s complicated enough if
Single millennials should pay attention to these key considerations while navigating open … [+] enrollment. Getty Images It’s open enrollment season for workplace benefits. You’ll soon be getting a notice from HR, or maybe you already have. If you’re young, single and healthy, it’s tempting to skip reading all that fine print. Just sign up
VA loans are on the rise with Millennials and younger buyers. Getty When it comes to mortgages, VA loans are about the best you can get. With no down payment, no mortgage insurance, and super-low interest rates, they save homebuyers significantly—both up-front and over the long haul. And while VA loans have historically been underutilized,
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Disney shares jumped Friday as excitement around the media giant’s streaming service overshadowed a sharp profit decline
Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC Dropbox shares bounced around after the company reported better-than-expected third-quarter earnings on Thursday, as investors digested the company’s improvements on some key metrics but widening GAAP losses from a year ago. Here are
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Value stocks, those with stable fundamentals and subpar valuations, haven’t been this cheap since the financial crisis, according to Bank of America. Cheap equities enjoyed a resurgence in September from a decade of underperformance as investors bet on economically sensitive,
Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. Saul Loeb | AFP | Getty Images While Apple, Amazon, Facebook and Google-parent Alphabet face significant antitrust risk before and after the 2020 election, the latter two
Guido Mieth | DigitalVision | Getty Images It’s not just saving for retirement you need to worry about, but drawing down your money at the right time, too. The IRS requires savers to make withdrawals from their retirement accounts starting at the age of 70½. “They’ve allowed you to defer taxes, but they need to
By Elizabeth Alterman, Next Avenue Contributor Ruth and Al Brod and family in their dining room Ruth and Al Brod When Ruth Brod retired from her job as a probation officer in 2004, she and her retired husband, Al, decided to sell their 1,600-square-foot house in New Hyde Park, N.Y. and move into a 2,800-square-foot
Receiving a Pension Buyout Offer may feel like you’ve won the lottery. But make smart choices to … [+] help ensure you have a financially secure retirement. PA Images via Getty Images Pensions were once the cornerstone of a secure retirement. They provided a retirement income you could not outlive. Today, pension plans are being
Share to facebook Share to twitter Share to linkedin His new economic agenda calls for $1.6 trillion in spending over the next decade. Scott Olson/Getty Images Topline: As the Democratic primary race heats up, 2020 hopeful Pete Buttigieg released a sweeping new economic plan to invest more than $1 trillion in affordable housing, education and
Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Reuters China’s exports and imports beat forecasts in October, Reuters reported citing data from the country’s customs. In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October. Trade balance for
Roku stock tanked more than 14% in after-hours trading after the company reported Q3 results. Here’s what the company reported, compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Adjusted loss per share: 22 cents Revenue: $261 million vs $256.9 million, according to Refinitiv consensus estimates Analyst surveyed by Refinitiv
A child receives a vaccination shot at a hospital in Huaibei in China’s eastern Anhui province on July 26, 2018. – | AFP | Getty Images SHANGHAI – Some of the world’s largest medical and health care companies are stepping up their bets on the Chinese market, regardless of slowing economic growth and trade tensions.
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The so-called “Santa Claus rally” is already upon us, according to Tom Lee, Fundstrat Global Advisors’ head of research. The Dow Jones Industrial Average hit another new record on Thursday, bringing its gain for the year to 18%. Improving economic