There’s a correlation between recent weakness in the stock market — led by certain sectors — and Elizabeth Warren’s surge in the polls, according to some analysts and strategists on Wall Street. One banking analyst, Oppenheimer’s Chris Kotowski, went so far as to title his latest research note “The Warren Correction,” where he pointed out
Hero Images | Getty Images If you’re looking to get engaged, take heart: You might not have to shell out a lot for that bling. That’s according to a recent survey from TD Ameritrade, which found that the traditional rule that an engagement ring should cost three months’ salary could be going by the wayside.
A 2018 Forbes article reported that the cost of college education is increasing almost eight times faster than wages in the United States. As these numbers continue to rise, it’s not surprising that many people are looking for assistance to defray education-related expenses. If you have adult children, partially funding your grandchildren’s education can be
I’m not sure whether advisers who specialize in the tax issues of expatriates will learn a lot from studying the recent Tax Court decision in the case of Elena Lea Morgan Weschenfelder and Frederick Burkhart Weschenfelder. What they can definitely do is use it as advertising. United States Tax Court building in Washington DC Getty
Real estate in New York today cannot be, as it might have been in the past, the centerpiece of anyone’s get-rich-quick scheme. But it’s still a good long term investment both financially and emotionally, providing as it does a gateway to the most Photo by Jil Beckmann on Unsplash I believe in the value of
An interview with billionaire businessman, founder of Quicken Loans and owner of the Cleveland Cavaliers, Dan Gilbert. In this interview, Dan discusses his career as a entrepreneur and lessons he has learnt along the way. Dan also talks about the importance of culture, managing sports teams and Detroit. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 18, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers’ strike against General Motors, now in its 23rd day, has brought the majority of the automaker’s North American production to a standstill and prompted it to furlough
Dow Jones Industrial Average falls 95 points The Dow fell 95.70 points, or 0.36% to close at 26,478.02. The S&P 500 slipped 0.45% to close at 2,938.79. The Nasdaq Composite pulled back 0.33% to end the day at 7,956.29. Stocks traded in a tight range for most of the session as investors awaited trade talks
People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. Getty Images One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession. The hard data, which refers to actual numbers about the economy such as unemployment and retail sales, continue
Rep. Bill Pascrell, Jr., D-N.J., speaks during a House Democrats’ news conference on Wednesday, July 30, 2014. Bill Clark | CQ-Roll Call Group | Getty Images When Rep. Bill Pascrell, Jr., D-N.J., visited a senior living center in Englewood, New Jersey, last week, he had one main focus: Social Security reform. Speaking to a room
The U.S. economy remains at a crossroads. A strong consumer and U.S. Federal Reserve (Fed) rate cuts could save the day and help boost it; or manufacturing weakness, trade war-induced drops in confidence and the lagged effects of tighter Fed policy in 2018 could lead to recession. Many equity investors have dismissed the yield curve’s
People take part in a protest against the Republican tax bill in Los Angeles, California on December 4, 2017. Democrats and many economists warn that the GOP tax plan gives large tax cuts to corporations and the wealthy and will hurt middle class NurPhoto via Getty Images The most obvious parts of financial inequality are
For real estate syndication investors, there are many opportunities to choose from and there is a lot of capital competing for various real estate investments. Before racing to place your hard-earned capital, take extra time to conduct due diligence, and be aware of the following seven challenges of today’s environment that can hamper returns —
CNBC’s Jim Cramer tells viewers not to panic because the U.S. economy can rebound from the current slowdown. The “Mad Money” host breaks down Costco’s recent quarter and explains why the stock managed to rally, despite mixed results. Later in the show he goes over Six Flags’ rejected $4 billion bid for Cedar Fairs and
An American Airlines Boeing 737-800 plane takes off from Los Angeles International airport. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of American Airlines dipped 1.65% during extended trading after authorities in Miami forcibly removed a man on a flight to Newark, New Jersey earlier Monday. The man reportedly
A worker looks at the 9HA Gas Turbine, at the General Electric plant in Belfort, France. Frederick Florin | AFP | Getty Images General Electric‘s announcement that it is freezing pension plans for about 20,000 U.S. employees is part of the company’s “next steps in the balance sheet unwind,” J.P. Morgan analyst Stephen Tusa wrote
About 100,000 ex-employees of General Electric will face a choice soon: stay in the company’s pension plan or accept a lump sum and cut ties instead. Whether you count yourself among those former GE workers or are employed by another company with a similar option on the table, advisors say the decision shouldn’t be made
Coaches are everywhere these days. What used to be the province of the playing field or the ice arena, now is common to the board room, the gym, the hospital delivery room, the concert stage, and more recently, the retirement arena. I have been coaching recent and prospective retirees for the past eight years. It
Share to facebook Share to twitter Share to linkedin Brokerages will cumulatively lose billions of dollars in revenue. BLOOMBERG NEWS Topline: As the race to the bottom continues, slashing trading fees will eliminate billions of dollars of revenue for discount brokerage firms, although some may be better positioned to weather the impact. Charles Schwab—the first
Nowadays, any industry that technology takes on doesn’t stay the same for very long. Airbnb uprooted hospitality. Uber and Lyft changed transportation. Netflix not only changed entertainment, but shifted routines and enabled on-demand consumption. The list goes on. Each time tech puts its stamp on an industry, consumer behaviors shift and their expectations go up.