Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a survey by personal finance website Bankrate.com. “There are
Worried that potential impeachment trials are going to pressure your retirement portfolio? It’s a fair concern. So, let’s talk about ways to protect our stocks and bonds from political drama. First, let’s dispel the myth that the news drives the markets. Markets are smart, and they usually “sniff out” eventual outcomes before they become obvious
Share to facebook Share to twitter Share to linkedin President Donald Trump shakes hands with Chinese Vice Premier Liu He. Getty Images Topline: Following news that the U.S. and China reached a partial trade agreement on Friday, the stock market sharply rebounded, putting major indexes back within reaching distance of record highs. Both major indexes
Michael and Xochi Birch listed their home at 2799 Broadway. Daniel Lunghi for Sotheby’s International Realty Computer programming moguls Michael and Xochi Birch are selling their Pacific Heights estate for $39 million. The listing threatens the title of most expensive home ever sold in San Francisco, which has been held by 2712 Broadway in the
An interview with Billionaire and Co-Founder of hedge fund and venture capital fund Coatue Management, Philippe Laffont. In this interview, Philippe discusses his career and starting his hedge fund. Philippe also talks about investing in tech stocks and gives advice on how to get a job at a hedge fund. Like if you enjoyed Subscribe
Mickey Drexler former CEO of J.Crew and backer of Alex Mill. Adam Jeffery | CNBC To succeed in today’s retail environment, clothing companies need to remember one key thing, former J. Crew CEO Mickey Drexler told CNBC’s Jim Cramer on Thursday. “You don’t need huge assortments to shop anymore. Never did you need a huge
President Donald Trump speaks during a ceremonial swearing-in for Labor Secretary Eugene Scalia at the White House in Washington, U.S., September 30, 2019. Leah Millis | Reuters President Donald Trump said Friday the Federal Reserve should still lower interest rates even though China and the U.S. agreed to the first part of a trade deal.
It’s hard to save money these days. Interest rates are really low, which is great if you’re borrowing to buy a house or a car, but not ideal if you’re looking to save. The interest rate for the typical U.S. savings account is .09%, for example. But, a group of tech companies, including Credit Karma,
Fidelity Investments has joined its rivals by offering zero-commission online trades, but it’s trying to differentiate itself by not selling the right to execute trades to third-party firms, brokerage executive Kathleen Murphy told CNBC on Friday. “We do not take payment-for-order-flow on equity orders,” said Murphy, president of Fidelity’s personal investing business. “Many competitors do
Ken Fisher Crystal Mercedes | CNBC After a rough week, billionaire money manger Ken Fisher is apologizing. Fisher, who is best known to a broad audience for his distinctive TV ads, was accused in a viral tweet (well, as viral as a tweet in the financial advisor community can go) of making sexist comments while
CHICAGO, IL – OCTOBER 01: Illinois gubernatorial candidate J.B. Pritzker speaks during a round table discussion with high school students at a creative workspace for women on October 1, 2018 in Chicago, Illinois. Pritzker was joined by his Illinois Getty Images Yesterday, Illinois Gov. JB Pritzker’s task force released its report proposing consolidation of the
Demonstrators against the Republican tax reform bill November 30, 2017. (SAUL LOEB/AFP/Getty Images) AFP/Getty Images Economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley have a new book that has generated an enormous amount of attention. One key conclusion: The richest 400 families in the US paid an average effective tax
Share to facebook Share to twitter Share to linkedin The shopping center is a statistic in a struggling industry. ASSOCIATED PRESS Topline: A Georgia shopping center, better known as Starcourt Mall from season three of Netflix’s Stranger Things, is up for sale after sitting mostly empty during an overall tough time for retailers. Gwinnett Place’s
An interview with a pioneer of high yield bonds and philanthropist, Michael Milken. In this interview, Michael discusses his early life and developing the high yield bond market at Drexel Burnham Lambert. Michael also talks about his philanthropic work and the American dream. ???? Books about Michael Milken are located at the bottom of the
Airfare. Hotel. Rental car. When planning your next vacation, those are the first things you look to book. Yet there is one more item you may be missing: travel insurance. With prime booking season for holiday travel now getting underway, it could be a good idea to see what options you have. “People usually forget
Check out the companies making headlines before the bell: Walmart – Walmart U.S. stores chief Greg Foran will leave the retailer on Jan. 31 to become chief executive officer of Air New Zealand. He will be replaced by John Furner, who runs Walmart’s Sam’s Club warehouse chain. Slack Technologies – Slack said it had more
The Royal Mint’s Raris payment card is made from 18-karat gold. The Royal Mint Britain’s Royal Mint has produced a solid gold payment card — and you’ll need to fork out £18,750 ($23,460) to buy one. The government-owned company, responsible for minting coins for the U.K., said it partnered up with Mastercard and payments technology
Fidelity clients saving for retirement are starting to move some money out of stocks in the recently volatile market, the brokerage’s personal investing president told CNBC on Friday. “The average investor that doesn’t trade a lot that’s really looking to save for their retirement — we have millions of customers like that — we’ve seen
Hero Images | Hero Images | Getty Images Certified financial planner Ken Waltzer has an older female client who suffers from congestive heart failure. Given the high cost of her prescriptions, Waltzer recently became concerned by how much money she and her husband were spending. “I suggested that maybe I should talk to her doctor
Getty Do you know if your retirement portfolio is overexposed to growth stocks? Over the last decade, growth stocks have performed significantly better than value stocks. Over the past year, however, it appears the pendulum has swung to favor value stocks and recent data suggests the trend is accelerating. For the quarter just ending September