2020 Getty Happy New Year to all my readers! As promised in my last post, I am kicking off 2020 with seven proptech VCs’ predictions on what lies in store for the sector this year and beyond. 2019 was a wild ride, but we can expect 2020 to outpace it! Once again, thank you to
DETROIT – As Tesla CEO Elon Musk showed off his dance moves Tuesday to celebrate the launch of the Model Y in China, no such festivities were likely occurring in Detroit. Shares of Tesla have roughly doubled in the last six months, giving the Silicon Valley automaker a market capitalization of roughly $84.4 billion as
A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Daniel Acker | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely strategic roles across the New York-based
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations,
Consumers would face fewer hurdles in trying to discharge debt through bankruptcy under a new plan from one of the Democratic presidential hopefuls. Sen. Elizabeth Warren, D-Mass., released a proposal Tuesday that aims to undo parts of a 2005 law, such as higher fees and more paperwork, that she says made it harder for individuals
As you enter the home stretch of your career, you may be paying professionals large sums for retirement guidance. Maybe you don’t have to do that. This 7-part series on wealth will give you the tools to make a lot more financial decisions on your own. #1: Put It All In One Fund This cheap
All I was going to write about was taxes. I hadn’t planned on gay rights, religion, crackpot science and sovereign shenanigans, but as I view the last decade, those things kind of stick out. Go figure. “Then they sent some of the Pharisees and Herodians to trap him with his own words. When they came
Getty Real estate agents often become the go-to for all the advice their clients need during the house-hunting process. Some become more like therapists than salespeople, with buyers especially, but renters too, needing immense support through the understandably stressful process. But, due to federal, state and city fair housing laws, which are put in place
1. Stock futures steady after Monday’s major Dow comeback A trader works on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters U.S. stock futures were pointing to a steady Wall Street open Tuesday after the Dow Jones Industrial Average closed erased an over
Institutional Investor hall of famer Richard Bernstein is concerned renewed Mideast tensions will put the world’s central banks in a painful spot. The CEO and CIO of Richard Bernstein Advisors said any more hostilities could derail their easy-money policies and spark economic troubles — particularly in the United States where a late-cycle bull market is
Eight months on a cruise ship — could you do it? For some, it’s an unimaginably long time at sea, while for others continuous cruising has become a way of life. For well-off and time-rich travelers, there’s a hunger not only for expeditions to novel, remote and less-accessible destinations, but also a growing interest in
David Solomon, chief executive officer of Goldman Sachs. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs is reorganizing its businesses to more closely resemble Wall Street peers and give its nascent retail banking operations its own category. The bank is now calling its four main segments global markets, investment banking, asset management and consumer
Collectively, Americans owe more than $1 trillion in credit card debt. After the holiday season, however, individual balances bumped up another notch. Americans, on average, racked up about $1,325 in holiday debt last month alone, according to MagnifyMoney’s annual post-holiday debt survey. Further, more than three-quarters of those polled said they won’t pay off their balances
John Buckingham, chief investment officer at AFAM Capital and editor of The Prudent Speculator, portfolio manager Jason Clark and senior research analyst Chris Quigley are industry-leading value investors. In MoneyShow’s Top Picks 2020 report, they highlight their favorite ideas for the coming year. John Buckingham, The Prudent Speculator Last year, we chose Citigroup (C), Target
The process of using funds from an existing annuity to purchase another annuity is commonly referred to as an annuity exchange. If the funds being used are non-qualified (i.e. not held in something like an IRA), then the exchange would be a 1035 exchange (so named for Section 1035 of the IRS Code, which governs
Photo: Getty A few years ago, it would have been difficult to imagine a real estate developer raising millions of dollars from unknown investors in minutes — site unseen, no questions asked. Now, it happens every day through numerous online real estate crowdfunding investment platforms. To give you a sense of the power of these
Carlos Ghosn, former chairman of Nissan Motor Co., sits in a vehicle as he leaves his lawyer’s office in Tokyo, Japan, on Wednesday, March 6, 2019. Takaaki Iwabu | Bloomberg | Getty Images As Nissan’s former Chairman Carlos Ghosn made his way from Osaka, Japan to Istanbul, Turkey in a private jet, the price of
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images China remains vague on how much the country will increase purchases of U.S. farm goods, considered a critical part of a trade agreement with Washington. Han Jun, vice minister of agriculture and rural affairs, confirmed to Chinese financial news
The Rolls-Royce Cullinan at the Geneva International Motor Show 2019. Martyn Lucy | Getty Images Rolls-Royce had its best year ever in 2019, driven in large part by its three-ton SUV that sells for over $400,000. The company, a division of BMW, said it sold 5,152 cars last year, the most in its history. That
Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California. ROBYN BECK | AFP | Getty Images Disney’s streaming business is already being valued by investors at more than $100 billion, according to an estimate by Barclays, showing that investors have high