Income investors have been crushed this year. Bond yields are down and stocks pay less and less “dividend per dollar” with each rally. But there’s still one little-known corner of the investing world we can look to for safe yields up to 11.8%. Business development companies (BDC) provide debt and equity financing for small and
Welcome to Las Vegas Getty Earlier this week, MGM Resorts International (MGM) said it was selling two of its prized casinos. The combined price tag… was just over $5 billion. As part of a continued restructuring, MGM opted to maintain control of the Bellagio resort by selling the $4.25 billion property and leasing it back
An employee prepares a diesel engine for installation into a truck at the Mack Truck cab and vehicle assembly plant in Macungie, Pennsylvania. Luke Sharrett | Bloomberg | Getty Images The United Auto Workers and AB Volvo-owned Mack Truck are set to resume contract negotiations on Monday as at least 3,500 hourly employees across three
Wells Fargo Securities’ Michael Schumacher sees year-end bond market volume dropping off earlier than usual. According to the firm’s global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December. Not only is Wall Street still thinking about last year’s painful historic stock market drop, Schumacher blames the geopolitical backdrop. He
There are a number of companies set to report earnings next week, but there are five key names that investors should be focused on since these companies almost always beat the Street, according to data from Bespoke Investment Group. 1. Visa Visa reports fourth quarter earnings on Thursday after the bell, and if history is
Nils Hendrik Mueller | Cultura | Getty Images Stocks had a rocky close to 2018. That doesn’t mean your required minimum distribution from retirement accounts will be lower this year as a result. RMDs, as they are commonly known, are the minimum amount individuals who are age 70½ and older must take out of their
Micah Young | E+ | Getty Images If your company was open for business in 2008, then you undoubtedly remember the Great Recession. For small business owners, especially companies with less than $5 million in revenue, the effects of America’s last major downturn were nothing less than devastating. Bankruptcies rose 74% in 2009 with over
null Getty “If you don’t know where you’re going, any road will get you there.” So goes the familiar adage that usually starts every company planning session you’ve ever attended. Face it. This is a planning session. The good news, however, is that it’s not about some bland organization. It’s about something you’ll find much
The Norman Lykes House sits on the edge of the Phoenix Mountains Preserve. Heritage Auctions, HA.com Frank Lloyd Wright’s final residential masterpiece, the Norman Lykes House, sold for $1,677,500, at a public auction October 16 in Phoenix. Nicknamed the Circular Sun House, the iconic contemporary home was auctioned off by Heritage Auctions with no minimum
Getty Images Flexibility has become the No. 1 priority for workers today as advances in technology make it more challenging than ever to maintain a work-life balance. In fact, a recent survey by online job platform FlexJobs revealed that 71% of millennials have considered leaving a job because it did not offer flexible work arrangements.
Shares of Netflix surged 8% in premarket trading after the company late Wednesday released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts’ expectations. Here are the results vs. expectations: Earnings per share: $1.47 vs. $1.04
Federal Reserve policymakers don’t have their minds made up about where interest rate policy is headed and will weigh conditions as they unfold, central bank Vice Chairman Richard Clarida said Friday. With the Fed less than two weeks away from a meeting at which markets expect another rate cut, Clarida said decisions will be made
Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun Hedge fund Tiger Global Management is making a big bet on continued expansion at San-Francisco-based Sunrun, which has grown into the nation’s largest residential solar company. The fund, headed by Julian Robertson protégé Chase Coleman, has been steadily increasing its
Stephanie McKire, 60, knows how expensive cancer can be. When she was diagnosed with breast cancer in February 2012, McKire, now retired and living in Detroit, was a quality engineer with employer-sponsored health insurance. She soon found that, even with insurance, the copays and costs of medication and therapies added up to thousands of dollars.
Getty If you or a member of your family have experienced elder abuse in a highly flawed guardianship system, you should be aware that you’re not an isolated case or a helpless victim. Elder abuse by opportunistic court guardians is one of those issues in American society that has reached critical mass in recent years,
The office of the Treasury Inspector General for Tax Administration is one of over sixty federal IG offices, but it is one that shows up in the news more than most. Most recently it was mentioned in the New York Times as investigating the handling of the request for President Trump’s tax returns. There is
Motif is among a slate of new mixed-use apartment buildings going up in Fort Lauderdale’s Flagler … [+] Village. Bluerock Real Estate Flagler Village, a trendy neighborhood near downtown Fort Lauderdale, is turning into a magnet for multifamily investors. Last month, through a shell company, former Silicon Valley executive Lumin Chang purchased a 292-unit apartment
New York Yankees pitcher CC Sabathia in the dugout during a game between the New York Yankees and the Los Angeles Dodgers on August 25, 2019 at Dodger Stadium. Brian Rothmuller | Icon Sportswire | Getty Images As C.C. Sabathia walked off the field at Yankee Stadium after warming up before Game 4 of the
IBM shares moved 5% lower after the company issued weaker-than-expected third-quarter revenue on Wednesday. Here’s how IBM did: Earnings: Excluding certain items, $2.68 per share, vs. $2.67 per share as expected by analysts, according to Refinitiv. Revenue: $18.03 billion, vs. $18.22 billion as expected by analysts, according to Refinitiv. IBM’s revenue has now dropped for
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 and Dow Jones Industrial Average are both around 1% below their all-time highs while the Nasdaq Composite is about 2% away from its record.