PNC Financial’s Amanda Agati warns a winning Main Street trade may burn investors. According to the firm’s chief investment strategist, fundamentals don’t support small cap value’s recent strong run. “If you just look at things from a forward P/E [price to earnings] perspective, small cap value is at an all-time high, if you can believe
By Kerry Hannon, Next Avenue Contributor getty The coronavirus pandemic is causing many older workers who’ve lost jobs or been offered early retirement severance packages to decide to pack it in. But taking early retirement can throw a monkey wrench into your future financial security. That’s why it’s vital to be cautious before doing it.
getty Earlier today, the Senate passed S. 3841 by unanimous consent. The bill, which was first introduced by Senators Chuck Grassley (R-IA), Sherrod Brown (D-OH), Ron Wyden (D-OR) and Tim Scott (R-SC) in May, is titled “A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes.” According to Sen. Grassley,
A view of the Capitol’s Rotunda is seen reflected in an ambulance as negotiations on a COVID-19 economic bailout continue on Capitol Hill March 24, 2020, in Washington, DC. Brendan Smialowski | AFP | Getty Images Congress is expected to make some big decisions that will affect how much money flows to Americans in the
When you arrive at Potato Head Beach Club’s security checkpoint in Bali, Indonesia, guests are screened for the usual contraband such as weapons or explosives and one other thing: plastic bottles. Single-use plastic is banned from the resort, which means, guests often turn in their water bottles. It’s all part of the experience, though, which is
getty As U.S. Senate Majority Leader Mitch McConnell readies to unveil today the Senate proposal for the next coronavirus aid package, assembled together with the White House, the renewal of key policies credited with keeping renters and homeowners afloat during the pandemic remains uncertain. Many discussions on Capitol Hill have focused on the merits of
Walmart Health Source: Walmart Walmart will open at least six additional Walmart Health clinics in the greater Atlanta area by the end of 2020, the retail giant confirmed to CNBC. The news comes on the heels of its announcement this week that it will enter the Florida market next year, starting with the Jacksonville area. And
(L-R) TNT, TBS, truTV, HBO & HBO Max Content Acquisition EVP Michael Quigley, HBO Max CCO and TNT, TBS, & truTV President Kevin Reilly and HBO Max Head of Original Content Sarah Aubrey appear onstage during the HBO Max executive session segment of the 2020 Winter Television Critics Association Press Tour at The Langham Huntington,
Brendan McDermid | Reuters U.S. stock futures rose on Thursday night after broad declines in the major tech names pushed the major averages lower during regular trading. The Dow ended Thursday’s cash session down more than 1% along with the S&P 500. The Nasdaq Composite dropped more than 3% as Microsoft and Apple each lost
getty (This is Part 1 of a two-part series about life for the oldest Americans after Covid-19. Part 2 will be about forecasts for older Americans’ health care and for geriatric medicine.) After seeing the heart wrenching images of nursing home residents desperately trying to connect with their families perched outside their windows during Covid-19
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
Treasury Secretary Steven Mnuchin arrives to the Capitol for a meeting with Senate Majority Leader Mitch McConnell, R-Ky., about the COVID-19 relief plan, on Thursday, July 23, 2020. Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images Unemployed workers may see about $200 or $300 a week in extra jobless benefits when the current $600-a-week
It’s been roughly eight years since I quit my investment banking job and retired at 34. My wife—also an early retiree—and I had a combined net worth of about $3 million. Achieving early retirement is difficult for a lot of people, so we feel incredibly grateful to have financial independence and freedom from work. We
CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
Jeffrey Epstein pictured in 2004. RICK FRIEDMAN/CORBIS VIA GETTY IMAGES Two of the homes in the real estate portfolio of deceased financier Jeffrey Epstein have come to market this week, as first reported by the Wall Street Journal. The first is a seven-floor, $88 million mansion measuring 28,000 square feet on New York’s East 71st
Southwest airline planes sit on the tarmac at Fort Lauderdale–Hollywood International Airport on February 20, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Southwest Airlines said Thursday it lost $915 million in the second quarter compared with $741 million in net income a year earlier and warned travel demand will likely remain depressed until
Twitter CEO Jack Dorsey is seated prior to testifying before a Senate Intelligence Committee hearing on foreign influence operations on social media platforms on Capitol Hill in Washington, September 5, 2018. Joshua Roberts | Reuters Twitter reported second-quarter earnings Thursday that missed analyst expectations on revenue and beat on active users. The report comes one
Treasury Secretary Steven Mnuchin said Thursday that any ongoing government assistance to combat the economic slowdown from the coronavirus pandemic will not be a bailout for states. “On the state issue, the president is not going to bail out Chicago and New York and other states that prior to the coronavirus were mismanaged,” he said
Steps to take now in the last five years before retirement some you can travel the world once work … [+] becomes and option. getty For many people, retirement has always seemed like a far-off goal. With the Coronavirus lockdown, I’ve seen an uptick in people getting more serious about setting a retirement date. I’ve
TOPLINE As the clock ticks for Congress to pass another stimulus package to inject life into an economy battered by coronavirus, reports emerged late Wednesday night as to what Republicans are likely to propose in their version of the bill on Capitol Hill Thursday. Here’s what’s known so far: Sen. Mitch McConnell ASSOCIATED PRESS KEY