Martin Barraud | Getty Images A majority of Americans say the economy is only benefitting the wealthy, despite record-low unemployment and rising wages. A poll by Pew Research Center found that 69% of Americans say the economy is helping the wealthy, while hurting the poor, those without college degrees and the middle class. Responses also
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019. Andrew Harrer | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Federal Reserve Chairman Jerome Powell said on Wednesday that
The Federal Reserve‘s decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers. After raising the federal funds rate nine times in three years, with the last hike just one year ago as financial markets were melting down, concerns about a slowing economy and a looming U.S.-China trade war
Senior couple walking on a beach together Getty I’m going to hand you a dead-simple strategy that perfectly lines you up for dividends growing 150%—or more—plus safe current yields of 6.5% and higher. The kicker? This quick 3-step plan positions you for fast 70% upside, too—especially when stocks dive. And if stocks soar? You’ll very
Jeremy Corbyn, leader of the U.K. opposition Labour Party, left, and John McDonnell, U.K. Shadow … [+] Chancellor are a radical economic risk. Photographer: Chris Ratcliffe/Bloomberg *** Local Caption *** Jeremy Corbyn; John McDonnell © 2015 Bloomberg Finance LP. Thursday, December 12 2019 will be an election day in the U.K. that has echoes of
Share to facebook Share to twitter Share to linkedin Healthfield House in London’s Highgate asks $52 million KNIGHT FRANK/SOTHEBY’S INTERNATIONAL REALTY On the eve of a general election in the United Kingdom that will almost certainly impact the direction of Brexit as well as London’s property trends (which had been on the decline), a home
Boeing 737 MAX airplanes sit parked at a Boeing facility adjacent to King County International Airport, known as Boeing Field, on May 31, 2019 in Seattle, Washington. Boeing 737 MAX airplanes have been grounded following two fatal crashes in which 346 passengers and crew were killed in October 2018 and March 2019. David Ryder |
Chevron is writing down as much as $11 billion worth of assets, and it could cost the entire market. S&P Dow Jones Indices’ Howard Silverblatt said that depending on the final charge, it could reduce 2020’s overall S&P 500 earnings by $1.32 per share. Currently, the median EPS estimate for next year’s S&P 500 earnings
Three months before he died, former Federal Reserve Chairman Paul Volcker issued a scathing critique against President Donald Trump and the “movement to undermine Americans’ faith in our government and its policies and institutions.” In an afterword to a paperback release of his autobiography, the legendary former central bank chief called out the president for
The Mega Millions jackpot has climbed higher yet again. With no one hitting all six numbers on Tuesday, the top prize is an estimated $340 million for Friday night’s drawing. And while the odds are stacked against hitting the jackpot — your chance is 1 in about 302 million — at some point, someone will
Taylor Swift attends the 2018 American Music Awards at Microsoft Theater on October 9, 2018 in Los Angeles, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Carlyle Group co-CEO Kewsong Lee is optimistic about the private equity firm’s investment in superstar Taylor Swift. “I’ve got every confidence in the world that it’s going to turn out
PeskyMonkey | iStock | Getty Images The bull market in U.S. stocks rolls on. From the trade war between the U.S. and China and the slowdown in global economic growth, to Britain’s messy exit from the European Union and the potential impeachment of President Trump, nothing has dampened the enthusiasm for stocks. The American economy
Space Needle and Mount Baker, Seattle. engelhardt.zenfolio.com | Moment Open | Getty Images The kids are all right in Washington state. At least that’s what Wealthfront, an investment management firm that provides robo-advisor services, found when it analyzed 201,486 of its clients across the country over the course of the year. Millennial investors — that
©Ðндрей ЯланÑкий – stock.adobe.com The fixed income portion of your portfolio needs a hard reboot Interest rates have fallen recently. And by recently, I mean for the last 40 years! There are many ways I can show you what that looks like, to help you see what I see and why it is so important
Getty The Forbes 100 Top Charities for 2019 collectively received more than $51.5 billion in private donations in their most recent fiscal years. That’s up an impressive 4.9% from the year earlier and accounts for 12% of the estimated $427.7 billion received in contributions by all of the country’s one million-plus charities according to Giving
Share to facebook Share to twitter Share to linkedin LONDON, ENGLAND – DECEMBER 02: (L to R) Cate Blanchett, Giorgio Armani, winner of the Outstanding … [+] Achievement Award, and Julia Roberts pose backstage stage during The Fashion Awards 2019 held at Royal Albert Hall on December 2, 2019 in London, England. (Photo by David
General Motors unveiled redesigned versions of the Chevrolet Suburban (pictured) and Chevrolet Tahoe on Dec. 10, 2019 in Detroit. Michael Wayland / CNBC DETROIT – General Motors unveiled new versions of its highly-profitable Chevrolet full-size SUVs Tuesday night that are larger, more tech-advanced and offer a wider range of choices for customers. Profits from the
Pedestrians pass a GameStop store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop tanked more than 20% during extended trading after the video game retailer reported a large third-quarter earnings miss. GameStop posted a loss of 49 cents per share excluding certain items on
Champion golfer Jack Nicklaus known as ‘The Golden Bear’ wearing his Rolex Day-Date ref. 1803. SOURCE: Jim Mandeville Nicklaus Companies Golf legend Jack Nicklaus’s gold Rolex sold at auction Tuesday evening for $1 million. The Golden Bear’s Rolex, which he wore for over 50 years and during 12 of his majors, sold Tuesday night at
Veteran trader Art Cashin told CNBC on Tuesday that investors are wary of positive U.S.-China trade reports after having been let down in the past. “This market has had its heart broken time and time again,” said Cashin, director of UBS floor operations at the New York Stock Exchange. Stocks have reacted wildly to reports