Investors should be able to take advantage of bullish momentum in tech stocks for at least the next couple of months. In my last post on the subject on Feb. 4, the takeaway was “tech’s reign of relative dominance has come to an end.” The tech sector as measured by the XLK ETF went on
Sawitree Pamee / EyeEm | EyeEm | Getty Images The recent ascent of bitcoin and other cryptocurrencies has enriched early investors with returns more akin to the lottery than your typical bread-and-butter investment. After all, a $10,000 investment at $100 per bitcoin would currently be worth an estimated $5 million. Of course, when an asset
Larry Connor The Connor Group Larry Connor, the leader of eponymous Ohio-based real estate firm The Connor Group, earlier this year signed on to fly to the International Space Station. But first, before beginning his astronaut training, Connor will dive to the bottom of the ocean. Connor is partnering with deep sea specialist EYOS Expeditions
Getty Images A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money. The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a delay Wednesday to two debt-collection rules issued in the waning days of the Trump administration. Those rules broadly addressed how debt collectors may communicate with and make disclosures to consumers. Kathy Kraninger, the former CFPB head during the Trump administration, said the measures
U.S. consumers spent over $800 billion online last year, a 44 percent increase over 2019. The pandemic-fueled shift to e-commerce was so significant that IBM estimates the trend away from bricks-and-mortar to digital has been accelerated by five years. On top of that, Americans now pay an average of $47 per month for streaming video
Paul McClean of McClean Design has designed some of Southern California’s most spectacular ultramodern mansions, but a new concept for a sprawling oceanfront compound on Hawaii’s Big Island may be the architect’s most ambitious project yet. The sprawling nine-bedroom mansion concept, for which architectural plans have been approved, is part of the latest estate offerings
Many years ago, the preferred way to enroll in Medicare was to visit the local Social Security office. Then came enrolling by phone, adding convenience. Make an appointment and enroll, sitting at your desk or kitchen table. As with everything from registering for classes to buying a car, there is now online enrollment. From its
In this article CCL Travelers trying to board the Carnival Panorama cruise ship for a 7 day trip were met with a delay in Long Beach on Saturday, March 7, 2020. The ship sent a letter to passengers explaining a non specific medical issue is preventing them from disembarking the ship and allowing new passengers
Federal Reserve officials indicated at their last meeting that the pace of asset purchases is unlikely to change anytime soon while the central bank pursues its economic goals. The Federal Open Market Committee on Wednesday released minutes from the March 16-17 meeting as investors looked for indications about where policy may be heading in the
In this article JPM Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Democrats pushing for a repeal of the SALT cap have an unlikely opponent: Jamie Dimon. In his annual shareholder letter, the chairman and CEO of JPMorgan Chase took aim at a host of carve-outs
An illustration of the SpaceMobile satellite constellation. AST SpaceMobile Shares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday, with the company the first among a flurry of recent space companies to close its SPAC deal. AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New
Win McNamee | Getty Images News | Getty Images Taxes on retirement savings are inevitable — it’s really a question of now or later. President Joe Biden’s tax plan may make it better to pay Uncle Sam now. Taxpayers can do that by saving in a Roth account or converting a traditional, pre-tax account to
Marcos Elihu Castillo Ramirez | iStock | Getty Images Considering a Medicare supplement plan, aka Medigap? Be sure to choose one based on more than just its cost. These policies, sold by private insurance companies, generally cover part or most cost-sharing — i.e., copays or deductibles — that comes with basic Medicare (Part A hospital
Hawaii and New York rank last in the nation on key economic growth measures, a sign that the pandemic continues to take a toll on major cities and tourism-reliant economies. In its first Index of State Economic Momentum update for 2021, the Federal Funds Information for States’ reports that Hawaii lags the nation’s economic momentum by an
For the past few decades, the sledgehammer has begun most remodeling projects. Countless design shows depict, early in the program, gleeful homeowners and builders knocking down walls as they transform yet another traditional home design into the open concept floor plan we are all said to favor. An open concept layout combines living, family and
Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, at the store in the Windsor Hills neighborhood of Los Angeles on Nov. 24, 2020. Patrick T. Fallon | AFP | Getty Images Small businesses are realizing they might not have much time to tap the Paycheck Protection Program as
When it comes to retirement planning, a common question these days is “in light of all that’s going on, how should I take my retirement drawdowns?” By “going on,” consumers are mainly referencing the potential increase in income taxes and concerns with the future of Social Security. Add the recent spate of early retirements due
In this article T “Godzilla vs. Kong” shattered expectations both in theaters and on the HBO Max streaming service, offering some hope for the hard-hit film industry that audiences will return to theaters. “I think people really miss going out and having fun,” said Joshua Grode, CEO of film production company Legendary Entertainment on CNBC’s
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC Jamie Dimon is bullish on the U.S. economy – at least for the next few years. Dimon, the long-serving JPMorgan Chase CEO and chairman, sees strong growth ahead for the world’s biggest