Investor Peter Boockvar expects President Donald Trump won’t spoil Wall Street’s Christmas by launching tariffs. But it may only be a temporary reprieve. “I do not believe that they will follow through with the December tariffs,” Bleakley Advisory Group’s chief investment officer told CNBC’s “Trading Nation” on Tuesday. “If we do not have a [China
A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the
Find yourself struggling to manage your health-care costs in retirement? You’re not alone. As the cost of health care continues climbing faster than the rate of inflation and an aging population is living longer, many financial advisors are focused on the line item in their retired clients’ budgets more than ever. “It’s a cost we
Investment expert Mellody Hobson is the epitome of the American Dream. The youngest of six kids, she was raised by a single mother. “We had a lot to overcome financially when I was a child,” she said in a recent interview with CNBC’s Wilfred Frost. Her childhood included frequent evictions from their homes in Chicago
Early retirement is truly the best of both worlds: lots of free time combined with enough youthful energy to enjoy it. But is it actually possible in this economic climate, with another recession possibly looming? That depends a lot on you. If early retirement sounds impossible, well, it might be if you continue with your
When President Donald Trump signed the Tax Cuts and Jobs Act into law, a central tenet of that most significant tax reform in recent memory was the lowering of the United States’ corporate tax rate from 35% to 21%. That put the U.S. corporate tax rate – previously among the highest in the world –
Last month, Newsday released the shocking results of a three year undercover investigation that found rampant housing discrimination on Long Island, NY. Real estate agents frequently funneled white applicants to neighborhoods that were majority white and more affluent, while they sent applicants of color to more racially diverse and less affluent areas. The investigation found
For many would-be entrepreneurs, Harvard’s prestigious MBA program provides an important step in the journey from dreamer to founder. But for Bom Kim, that step was quicker than most. Just six months into the program, he dropped out, determined to make it on his own. Now, less than a decade on, Kim is the billionaire
Larry Page, co-founder and chief executive officer at Google Inc. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Google’s parent-company Alphabet edged nearly 1% higher after the company announced that Larry Page will step down as CEO and Google CEO Sundar Pichai will take
Angel Navarrete | Bloomberg | Getty Images In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. The pledge is, however, non-binding. The company outlined a number of ways in
Sam Bassett | Iconica | Getty Images If you’re sitting on a few million dollars and you want to save on taxes, consider giving some of it away. The Tax Cuts and Jobs Act roughly doubled the amount an individual can transfer to others without being subject to the 40% gift and estate tax. In
WASHINGTON, D.C. – APRIL 14: Attendees rally on the West Front of the U.S. Capitol building with … [+] Teamsters Union retirees who traveled from across the country to voice their opposition to deep cuts to their pension benefits on April 14, 2016, in Washington, D.C. Thousands are facing massive pension cuts because of a
Share to facebook Share to twitter Share to linkedin In addition to Trump’s financial records, the committees are seeking information on his children … [+] Donald Jr., Eric and Ivanka. AP Photo/Evan Vucci Topline: A federal court said Tuesday it will not stop Deutsche Bank and Capital One from handing over ten years of President
A mandate which gives more structure to the board review process, and clarifies the consequences of … [+] discriminatory decision making, could help restore value to co-ops while easing the process for buyers and sellers. Canva What should a New York City Co-Op Board of Directors be doing? And just as importantly, what SHOULDN’T they
The U.S. Speaker of the House Nancy Pelosi speaks over impeachment inquiry two days after the formal request during her weekly press conference on Capitol Hill on Thursday, September 26, 2019. Aurora Samperio | NurPhoto | Getty Images Democratic House Speaker Nancy Pelosi‘s sweeping drug pricing bill would result in as many as 100 fewer
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters President Trump’s comment that he had no deadline on a China deal has predictably thrown markets into a tizzy, as the self-imposed deadline of Dec. 15 for additional tariffs is now less than two weeks away. The market is now
La Reverie, the six-acre estate on Palm Beach stretches over 70,000 square feet. Handout Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida. Schonfeld, the founder of New York-based Schonfeld Strategic Advisors, closed on the six acre-estate
If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance. The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans
Peloton holiday ad. YouTube If you cover your eyes on Christmas morning, are you expecting to open them up and see a Peloton? If you haven’t already heard, that’s the premise of a new holiday commercial from the home fitness company. And it’s attracting some criticism on social media. That’s in part because the ad
null Getty Albert Einstein, iconic genius and one of the greatest minds of the last century, had one puzzle he found baffling: “The hardest thing in the world to understand is the income tax.” If he found taxes enigmatic, it’s no surprise that the rest of us have difficulty following along. The end of the