CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed
Photo by Troy Aossey via Getty Images While most of the nation’s youngest adults say they learn about money from Mom and Dad, they also think high schools should step up for future graduates. More than three-quarters (76%) of 18- and 19-year-olds say classes about managing finances should be required in high school, according to
If you’re like most pre-retirees, retirement planning starts by asking if you’ll have enough income during your retirement. If it appears you’ll generate adequate income, the focus shifts to tax and investment techniques that will maximize this income. In other words, “given my income, how can I retain more of it?” However, if you’re upper
Share to facebook Share to twitter Share to linkedin The study found that ten economies, including Ireland, host nearly 85% of the world’s phantom capital. Getty Topline: Although world leaders have sought to keep companies from avoiding taxes, the amount avoided has actually gone up over the past decade—and a new study by the International
It’s no secret that many industries have experienced disruption from technological innovation, from Uber’s effects on the taxi industry to Amazon’s impact on the retail sector. Yet, the commercial real estate industry has been slower to embrace the shift. I decided to look at three companies that are revolutionizing the commercial real estate industry through
Consistently growing stocks are out and cyclical stocks are officially back in on the market as big fund investors rotate holdings based on their emotion, CNBC’s Jim Cramer said Tuesday. Wall Street saw a mixed day of trading with the Dow Jones Industrial Average adding 73 points and the S&P 500 inching up 0.03%. The
Pedestrians pass in front of a GameStop store in New York Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop plummeted more than 16% after the company cut its forecast and reported second quarter earnings that fell short of expectations. The company said it expects adjusted full-year earnings per share
Lamborghini Sián FKP 37 Source: Lamborghini Fans of the famous flux capacitor in 1985 movie “Back to the Future” will love the new Lamborghini. The Italian automaker unveiled its fastest car ever Tuesday morning at the Frankfurt Motor Show — a geometric fantasy of speed and engineering called the Sian FKP37. It is the company’s
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery
Early retirement may sound like a dream. However, if today’s retirees are any indication, you may want to rethink how you plan financially. Photo taken in Big Island, United States Shawn Walters / EyeEm | EyeEm | Getty Images A new survey from NerdWallet finds that today’s retirees stopped working at 59, on average. That
Today I’m going to show you how one savvy buy can help you turn $100K into a $500,000 windfall. Plus, you’ll “automatically” build yourself a tidy monthly income stream—I’m talking $2,700+ here—without lifting a finger. That’s enough for many folks to retire on. At the center of it all is a little-known group of investments
Share to facebook Share to twitter Share to linkedin Corrine Jean Harkins lives at 2001 Airport Pulling Road, Naples Florida 34112. Her PO Box for Social Security mailing purposes is PO Box 301 Naples Fl 34106. Corrine is 70. She has been taking her own retirement benefit since age 62. We’re posting her information because
Foreclosures can cause financial damage, but a new study shows they’re not as game-changing as you might think. Getty A foreclosure stays on your credit report for seven years, but according to a new study, the real damage is much shorter-lived than that. New data from loan marketplace LendingTree shows that the bulk of foreclosure
The Wendy’s Co. logo is seen on a cup displayed for a photograph at a restaurant location in Daly City, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Wendy’s— Shares of fast-food restaurant chain Wendy’s tanked more than 10% following a downgrade to neutral from
Wilmington Trust’s Luke Tilley is worried a bearish trend in the employment numbers will hurt the economy’s strongest part: consumers. According to the firm’s chief economist, the U.S. is seeing its lowest year-over-year jobs growth since 2011, which was just two years into the economic recovery. “Things are slowing down,” he told CNBC’s “Trading Nation”
A selection of Netflix original content sits displayed in the Netflix app on an Apple iPad tablet device in this arranged photograph in London. Jason Alden | Bloomberg | Getty Images Netflix is putting out strong performance data but investors don’t seem to care, according to Credit Suisse. Despite positive numbers coming from app downloads
Petri Oeschger | Moment | Getty Images One of the best ways financial advisors can bolster their credibility and reach potential clients is available for free. It’s called social media. However, merely joining Twitter and Facebook won’t cut it, according to Dasarte Yarnway, founder of Berknell Financial Group in San Francisco. He shared his views
Estate Planning is more than just having a will, it is about planning for a good end of life. Getty When I ask retirees if they have an updated estate plan in place, I get a mix of responses. Some people recognize their estate plan is lacking, as millions of Americans either don’t have one
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses survivor benefits based on the record of a worker who delays filing until 70, which month to apply to get full retirement age benefits with no reduction, eligibility for
Rooster crowing in the morning with sunrise. Getty Thirty years ago, Paul Fleischman won a Newbery Medal award for his booklet Joyful Noise: Poems for Two Voices. Comprised of 14 children’s poems about insects, it’s meant to be read by two people at a time. These back-and-forth conversations essentially capture the lives – or perceived