CNBC’s Jim Cramer said Friday that Federal Reserve Chairman Jerome Powell should admit he was wrong to increase interest rates so aggressively last year, as the U.S.-China trade dispute was escalating, economic growth was starting to cool and the stock market was tanking. Powell should acknowledge the mistake and change course, Cramer said. “Why can’t
Just under a quarter of Americans are “very confident” they’ll have enough money to retire comfortably. And many expect to delay retirement at least until age 65, according to recent studies. So what’s a person who’s ready to call it quits at the office to do? Relocating to more affordable climes is one option. Personal
Donor-advised funds are becoming the prime tool of charitable giving for many Americans. The use of donor-advised funds (DAFs), also known as charitable gift funds, is likely to be more widespread primarily because of the changes to the tax rules made in the Tax Cuts and Jobs Act, enacted in 2017. DAFs give everyone else
i Getty How often have you heard a value equity manager say his sector is overdone? Or have you ever heard a growth manager shout from the rooftops that growth stocks are overvalued? Probably not. Well, as a bond manager I will break the rules and tell you municipal bonds issued by high tax states
Share to facebook Share to twitter Share to linkedin The U.S. government took control of Fannie Mae and Freddie Mac in 2008. (AP Photo/Manuel Balce Ceneta) ASSOCIATED PRESS Topline: The Trump administration on Thursday proposed a plan that would bring mortgage buyers Fannie Mae and Freddie Mac out of government conservatorship, where both have been
American Airlines Boeing 737-800 plane seen in Caracas Simón Bolívar International Airport, Venezuela. Nicolas Economou | NurPhoto | Getty Images An American Airlines mechanic has been arrested and charged with sabotaging an aircraft’s navigation system before a flight in July, forcing crew to abort takeoff from Miami, according to an affidavit filed in federal court
A display for facial recognition and artificial intelligence is seen on monitors at Huawei’s Bantian campus on April 26, 2019 in Shenzhen, China. Kevin Frayer | Getty Images China’s seemingly unfettered push into facial recognition is getting some high-level pushback. Face-swapping app Zao went viral last weekend, but it subsequently triggered a backlash from media
David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images David Solomon is cleaning house atop Goldman Sachs. At least a dozen partners are in negotiations to leave the firm in
Even after a significant infusion of cash, the Public Service Loan Forgiveness program is doing little in the way of forgiveness. Just 661 out of about 54,000 applicants, or roughly 1%, of loans have been discharged under the expanded program, a government report has found. “It’s not surprising,” said student loan expert Mark Kantrowitz. “The
Fiduciary responsibilities can be stressful for any business administering a 401(k) plan, with investment-related responsibilities being especially daunting. One of the most difficult investment-related responsibility is ensuring participants are paying reasonable fees for their mutual funds. This can prove to be difficult to find the cheapest, yet most effective option due to the sheer amount
Jin Lee | Bloomberg | Getty Images GrubHub is McDonald’s newest delivery partner as the fast-food giant looks to make delivery a $4 billion business for the company this year. Shares of the delivery provider jumped 4% in extended trading Thursday evening. McDonald’s said Thursday that about 500 New York City and tri-state area locations
Aaron Levie Dan Edblom | CNBC Box co-founder and CEO Aaron Levie told CNBC on Thursday that his company will take a collaborative approach to working with activist hedge fund Starboard Value, which disclosed a 7.5% stake in the cloud software provider earlier this week. “We’re very aligned with Starboard’s interests,” Levie said in an
The National Football League was on the brink last year. Not of death, but of the type of loss of relevance that has humbled baseball and boxing over the past generation or so. Now as the NFL’s 100th season kicks off this week, there’s a sense of fresh energy. But if football’s going to make
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images When it comes to the development and regulation of cryptocurrencies, many in Washington have been producing more heat than light. By all accounts, the crypto industry and its dozens of digital asset
For tennis great Andy Roddick, there’s one important rule that works both on the court and in the world of investing. “Even if you’re intimidated by words like ‘volatility’ and you think the world’s going mad … be disciplined with what you put away monthly,” the one-time U.S. Open champ told CNBC’s “Fast Money: Halftime
You’ve seen the frightening student loan statistics, such as the $1.5 trillion in outstanding debt they now represent. And if you’re a parent of a teenager or twentysomething, you’ve probably lived them. (A recent Bloomberg BusinessWeek report said some recent college grads have so much debt and are chipping away at it so slowly, some
Photo by Eduardo Munoz Alvarez/Getty Images) There’s $700 million of student loan forgiveness up for grabs on a first-come, first-served basis. Here’s what you need to know and how to apply. Student Loan Forgiveness See if you can follow this story. The federal government offers a student loan forgiveness program. Student loan borrowers who think
The tarp covers the field before a baseball game between the Washington Nationals and the New York Mets at Nationals Park, Sunday, Sept. 23, 2018, in Washington. (AP Photo/Andrew Harnik) ASSOCIATED PRESS New York Times reporters Jesse Drucker and Eric Lipton wrote a well-reported piece the other day on the Tax Cuts and Jobs Act’s Opportunity Zone (OZ) provisions.
A concept of what General Motors’ new infotainment system will look like once Google Assistant is integrated into its vehicles beginning in 2021. GM DETROIT – General Motors and Google are teaming up to install the tech giant’s voice assistant and apps, including Google Maps, into GM vehicles beginning in 2021. The partnership, announced Thursday,
Stewart Butterfield, co-founder and CEO of Slack, at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Slack, maker of the popular workplace chat app, will release its first earnings report as a public company after the market close on Wednesday. Here are the numbers to watch for the company’s fiscal second quarter: Earnings: