The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Jabin Botsford | The Washington Post | Getty Images Swiss wealth giant UBS has predicted that the U.S. Federal Reserve could lower interest rates three times in 2020 — a forecast that differs widely from many other projections calling for no change or just one
Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex gesture during their visit to Canada House in thanks for the warm Canadian hospitality and support they received during their recent stay in Canada, on January 7, 2020 in London, England. (Photo by DANIEL LEAL-OLIVAS – WPA Pool/Getty Images) WPA Pool Harry and Meghan, the
Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Many stock markets globally have continued their strong run into the new year — so it’s time to start taking some profits while waiting for another opportunity to
Retirees can boost their Social Security payments substantially by avoiding one costly, yet common, mistake. Americans can claim Social Security benefits as early as age 62. While it may be tempting to begin receiving that monthly income as soon as possible, retirees could leave a lot of money on the table by doing so. That’s
In 2003, Zvi Bodie and Michael J. Clowes published the book Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals, in which they argued that typical retirement-oriented investors should rely primarily on TIPS for their retirement savings. Of course, other financial assets should be included in retirement portfolios, but, they said, only once
I hate it when people lose out by barely missing a deadline. A recent decision in the Western District of Wisconsin has an important lesson about deadlines. The lesson is that if you are going to rely on special rules to cut things close, you better understand how the rules apply. The couple in the
Compared to the cost of some other home improvements, a garage door replacement can increase its … [+] resale value when it comes time to sell your home. Getty If you want to get the biggest return on your investment in home renovation projects, it would be wise to take your to-do list outdoors. The
Alphabet is close to joining one of the most elusive clubs on Wall Street, but CNBC’s Jim Cramer said Monday that he is skeptical of the progress. Shares in Alphabet, the tech giant that owns Google, rose almost $10 to an all-time closing high of $1,440.03, pulling within 1% of reaching $1 trillion of market
The stock market has picked up 2020 pretty much where 2019 left off, thanks in large part to two key Federal Reserve moves that could keep the rally going, at least until something goes wrong. Amid an already strong backdrop for Wall Street, the Fed issued two directives right around the same time in October —
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional
Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting
Sam Edwards | Getty Images Retirement is often called the golden years. Many elderly Americans probably wouldn’t describe it that way. Recent research from the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston found that many older Americans don’t have enough money to get by. The report estimates that
Retirees are sacrificing their own retirement savings in order to help their adult children … [+] financially. Getty Are You Supporting Your Adult Children While Endangering Your Own Financial Security? As an 80-year-old widower I’ll call “Fred” told me, some parents may derive pleasure in helping adult children financially, especially if the children chose careers
Share to facebook Share to twitter Share to linkedin The market resumed its rally from last week, amid renewed trade optimism. Kena Betancur/Getty Images Topline: With the signing of the phase one trade deal mere days away, the U.S. said that it would remove China from a list of countries that it considers as currency
Two Super Bowl viewers could get $500,000 toward their dream homes. That $500K might not go far in … [+] some of the nation’s real estate markets. Getty For two lucky viewers, this year’s Super Bowl won’t just mean bragging rights or a smorgasbord of finger foods and beer. Thanks to a new contest launched
Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon Athletica raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand. The athleisure apparel retailer now expects profit per share for the quarter ending Feb. 2 to be
Priyanka Chopra attends the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Axelle | Bauer-Griffin | FilmMagic Priyanka Chopra Jonas is heading to Davos. The actress and activist will urge the world’s billionaires and leaders to use their wealth to end extreme poverty, address climate change
Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Billionaire Amazon founder Jeff Bezos has been criticized over the company’s $690,000 donation to bushfire relief efforts in Australia. In an Instagram post on Sunday, Bezos pledged 1 million Australian dollars ($690,000) on behalf of the tech giant. “Our
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters When Goldman Sachs released a long-awaited app for customers of it Marcus consumer bank last week, it did so with little fanfare or hype. Unlike the intense attention on