As the U.S. stock market is now on track for its best week since April, some 401(k) plan participants started the week making more trades than usual within their retirement savings accounts. As a result, they may have missed out on this post-election rally. The amount of daily trading in 401(k) plans — traditionally seen
Is your Pharmacy in or out of network? getty Jim, one of my exercise buddies, sees doctors and visits hospitals affiliated with the largest healthcare system in his community. Checking the Annual Notice of Changes, he discovered that his drug plan is dropping the system’s pharmacy from its network. Jim didn’t think that was a big
Economic Security Planning, Inc. Today’s column addresses questions about taking spousal benefits before later qualifying for retirement benefits, available recourses in case Social Security mishandled a claim and deciding between taking retirement or survivor’s benefits first. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,
Silestone used here as the countertop. Photo courtesy of Silestone. The use of quartz surfacing has grown over the last several years. It is becoming increasingly popular because of its durability, unlimited color options, consistency of the slabs, nonporous nature and ease of maintenance. I had an opportunity to interview Edwardo Cosentino, the son of
Medical staff members treat a patient suffering from the coronavirus disease in the Covid-19 intensive care unit (ICU) at the United Memorial Medical Center (UMMC) on October 31, 2020. Go Nakamura | Getty Images News | Getty Images The number of new daily coronavirus cases recorded in the U.S. surpassed 100,000 for the time Wednesday,
General Motors CEO Mary Barra speaks to the news media June 12, 2018 in Detroit, Michigan. Bill Pugliano | Getty Images General Motors is set to report its third-quarter earnings before the bell on Thursday. Here’s what Wall Street is expecting, based on average analysts’ estimates compiled by Refinitive. Adjusted EPS: $1.38 Revenue: $35.51 billion
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker reported quarterly earnings of $2.83 per share, beating the consensus estimate of $1.38 a share, helped by strong demand for trucks and SUVs. Revenue was essentially in line with Street forecasts. The shares rose 6.7% in premarket
What’s next for markets? With the election over, some old themes will be re-emerging, regardless of who will be president. The rally is due to better earnings visibility On one issue, all traders agree: the market rally is largely due to the unlikelihood of higher corporate and individual taxes next year. “The Senate numbers from the
Lorado | E+ | Getty Images “It’s increasingly a computer-based global work environment,” Minott said. “People can travel from country to country or stay where they like.” The benefits are plentiful. You get to live in a vacation destination, improve your quality of life and possibly reduce your cost of living. Just make sure you
Clerkenwell | Vetta | Getty Images Socially responsible, or sustainable, investing — investing in ways to make the world a better place — continues to surge, driven by increasing consumer demand and the recognition that sustainable funds provide returns comparable to traditional funds in addition to lower risk. The first half of 2020 saw a
When the pandemic hit in March, Kelly Kearney, owner of Pacific Fine Food Catering in Alameda, California, initially thought things might go back to normal after a couple of months. She bought the company in 2004 and built up a business with a loyal, dependable staff and long-time clients. At age 58, she wasn’t intending
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
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,