The Marriner S. Eccles Federal Reserve Board Building, Washington DC Getty I find it surreal that someone has to tell the president of the United States that hard working, dedicated, and smart officials of America’s central bank, the Federal Reserve Bank, are not boneheads. Yet, this is the current sad and distracting state of affairs
There’s no question that the right investment property is an incredible financial opportunity. Whether you purchase a residential or commercial property, tapping into its potential, such as renovating and then renting out a space, can help you generate passive income and even turn a nice profit when you eventually sell. However, you shouldn’t just buy
Michael Cohen, the former personal attorney of President Donald Trump, departs the U.S. Capitol after testifying before a closed House Intelligence Committee hearing on Capitol Hill in Washington, February 28, 2019. Joshua Roberts | Reuters Michael Cohen has agreed to cooperate in an investigation into whether the Trump Organization falsified business records, a source familiar
Mark Hurd, CEO of Oracle. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Shares of Oracle dipped as much as 5% during extended trading after the company’s CEO, Mark Hurd, announced a medical leave of absence and $15 billion stock buy back. Founder and Executive Chairman Larry Ellison said in
T. Boone Pickens, the wildcatter “Oracle of Oil,” hedge fund founder and philanthropist who rewrote the playbook for corporate raiders, has died. He was 91. He died Wednesday of natural causes. Pickens had been in declining health, suffering from a series of strokes and a serious fall in 2017. In late 2017, he put his
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets on economically sensitive, cheap stocks
Tony Anderson | DigitalVision | Getty Images Some people will do just about anything to buy their first home. Just under 10% of homeowners surveyed by Bankrate.com, a personal finance website, said they took out money from their retirement savings to help cover the down payment and closing costs on their first dwelling. The site
Welcome to Illinois sign along the state border Getty This is something of a postscript to last week’s articles on Chicago’s pension debt, as I ask myself how realistic the prospects for reform truly are, and try to tie up some remaining loose ends. In particular, with respect to the former, I’ve been chewing on
By Uri Dadush and Laurence Kotlikoff Thirty months into President Trump’s radical trade policy, and as the trade disputes with China <a href=”https://www.reuters.com/article/usa-trade-china/wrapup-7-trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute-idUSL4N24X4MO”>escalate</a> and risk turning into a currency war, it is time to take stock. The president promised to sign <a href=”https://thehill.com/opinion/white-house/420023-president-trumps-fight-for-a-better-trade-deal-with-china”>far better trade deals</a>, ensure fair treatment of American firms and <a href=”https://www.npr.org/2019/03/06/700650144/despite-trumps-promises-the-trade-deficit-is-only-getting-wider”>reduce
In a charming cottage on Main Street, guests can try out L.L. Bean furnishings before they buy them, or they simply enjoy them for a night or two. Harraseeket Inn If you live with flannel sheets, hunting and fishing gear, canvas tote bags, rustic furniture and those sturdy leather-on-top, rubber-below boots, then you must be
Jeffrey Sherman Adam Jeffery | CNBC DoubleLine Capital’s Jeffrey Sherman believes the August rush into Treasurys may have been overdone and said that those worried over a potential economic slowdown in the U.S. may be better served buying gold. Sherman, who serves as DoubleLine’s deputy chief investment officer, said in an interview with CNBC.com that
Customers outside a Game Stop store. Guido Krzikowski | Bloomberg | Getty Images Shares of GameStop fell more than 15% in extended trading Tuesday after the company reported second quarter earnings and sales that missed analysts’ expectations while significantly lowering its same-store sales forecast. The company has been struggling to grow sales as consumers increasingly
Goldman Sachs and Bank of America have been added to the growing list of underwriters, sources familiar said, for what will likely be the biggest initial public offering of all time, Saudi Aramco. There will be six global coordinators of the IPO, sources said. The listing is expected to value the world’s most profitable oil
Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure. “This Spring, we initiated a process
Donald Trump and Jerome Powell Getty Images Cutting interest rates to zero would throw savers under the bus. Greg McBride Bankrate.com Since the recession, rising rates have paved the way for pay raises and a better return on savings, despite the impact on borrowing costs. And still, interest rates are historically low, which leaves the
Caitlin Boston paid off $223,000 of student loan debt. Courtesy of Caitlin Boston When Caitlin Boston finished paying off $223,000 of student loans, she did something amazing. She made a music video of herself dancing in a purple catsuit. Boston, who’s 34, lives in Brooklyn and works in the tech industry, amassed more than a quarter million dollars
Investors have several options to invest extra cash outside of their retirement plan. Building other assets is important as 401(k) savings alone may not be enough to fund retirement and you likely have other financial goals along the way. Getty If you have extra cash to invest after maxing out a 401(k) or other retirement
Share to facebook Share to twitter Share to linkedin Entrance Concierge Auctions The sprawling Pittsburg, Texas estate built for the late Lonnie “Bo” Pilgrim who founded Pilgrim’s Pride, one of the country’s largest chicken producers in the U.S., is set for a no-reserve auction staring October 15th with Concierge Auctions (previous Forbes coverage of Pilgrim’s
CNBC’s Jim Cramer expounded on the ongoing rotation of investments in the stock market. The “Mad Money” host goes off the charts to understand if the gold and bond prices are nearing a top. Cramer gives his thoughts on activist investor Elliott Management’s $3.2 billion stake in AT&T and explains why he think the move will
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth,