Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., U.S., on Friday, Oct. 18, 2019. Al Drago | Bloomberg | Getty Images Central banks have been giving cheap money to investors who have been injecting it into companies that are often
Advertising billboards seen in Times Square, New York City Brigitte Blättler | Moment | Getty Images If you’re living in the northeastern part of the country, chances are that you’re paying some hefty income taxes. New Yorkers paid the most in state income levies — $2,249 per capita during the 2017 fiscal year, according to
(Rancho Santa Fe, CA)Clinical Pharmacist Jason Kim consults patients with Medicare questions (Photo … [+] by Mark Boster/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images One of the biggest misconceptions seniors have about health care is this: I have Medicare so don’t need to worry about medical costs in old age. It
Getty Everyone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. But it’s not just freewheeling entertainers. Abraham Lincoln – a lawyer by trade – didn’t have one either, which leads
Share to facebook Share to twitter Share to linkedin Happy couple is taking keys from their new house from broker and smiling. Getty There’s no getting around the fact that buying a home is a huge investment. Between the down payment and closing costs, today’s buyers need to show up to settlement prepared to pay
[embedded content] [The stream is slated to start at 9:35 a.m. ET. Please refresh the page if you do not see a player above at that time.] Boeing CEO Dennis Muilenburg is slated to speak Wednesday at The New York Times DealBook Conference in New York. The aerospace and jet executive is expected to discuss
Papa John’s International Inc. signage is displayed on top of a delivery vehicle outside of the company’s restaurant in Nashville, Tennessee. Luke Sharrett | Bloomberg | Getty Images Papa John’s stock jumped 5% in premarket trading after announcing an executive reshuffle and quarterly revenue that topped Wall Street’s estimates. Same-store sales in North America turned
Check out the companies making headlines before the bell: Capri Holdings – The Michael Kors parent earned an adjusted $1.16 per share, falling 8 cents a share short of estimates. Revenue was essentially in line with expectations. The company pointed to the impact of higher expenses and the protests in Hong Kong. CVS Health –
Bridgewater Associates co-Chairman Ray Dalio said Tuesday that the U.S. will have little choice but to raise taxes in the coming years to offset its mounting liabilities and debts. Dalio, who founded the hedge fund in 1975, told CNBC from the Greenwich Economic Forum that the national debt, pension liabilities and health-care liabilities will ultimately
Jonnie Miles | Photographer’s Choice | Getty Images There may be no free lunch in the financial services industry, but there is now free trading of stocks, exchange-traded funds and options. Charles Schwab announced on Oct. 2 it would eliminate commissions on those products for retail and registered investment advisor clients on its platform. TD
Hill Street Studios | Getty Images To get into an elite college, parents and students put a lot of emphasis on grades and test scores. However, in the wake of last year’s college admissions scandal, admissions directors are quietly turning their attention to something besides raw numbers. Today, “almost every institution is looking more carefully
Retiring early has obvious advantages, but it can also have disadvantages. Early retirement is often envisioned as ditching the daily grind for a worry-free lifestyle in your 50s and 60s. However, if you are not properly prepared, a tighter budget might make that lack of the daily grind seem less enjoyable. However, if you are
DETROIT, MI – JULY 24: Democratic presidential candidate U.S. Sen. Elizabeth Warren (D-MA) … [+] participates in a Presidential Candidates Forum at the NAACP 110th National Convention on July 24, 2019 in Detroit, Michigan. The theme of this years Convention is, When We Fight, We Win. (Photo by Bill Pugliano/Getty Images) Getty Images You’ve heard
In my 30-year career in commercial real estate, I’ve seen all kinds of marketing strategies. In my experience, tenants are often unaware of the key qualities in an advisor that reliably predict success, making them susceptible to selecting the wrong advisor. To achieve optimal office leasing outcomes, occupiers need to engage a service provider who
CNBC’s Jim Cramer breaks down why Wall Street is turning down some high-growth stocks in lieu of other value stocks. The “Mad Money” host sits down with FireEye CEO Kevin Mandia to get insight into what role cybersecurity will play in the 2020 election. Later in the show he takes a look at three high-yield
Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum said on Monday it would slash spending on big projects by 40% next year, as it missed earnings estimates in its first results after closing its $38 billion purchase of rival Anadarko Petroleum. Analysts and activist investors have been pushing the
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3. Chris Ratcliffe | Bloomberg | Getty Images LISBON, Portugal — Europe’s technology industry is thriving and showing signs that it can compete with the U.S., the
Democratic presidential candidate Sen. Elizabeth Warren‘s wealth tax would not generate enough money to make a dent in income inequality, said David Rubenstein, the billionaire co-founder of private equity powerhouse The Carlyle Group. “I don’t think all of a sudden a wealth tax, for example, would solve all of our society’s problems, if one could
Vertical Research Partners is the first firm to begin covering Virgin Galactic, initiating the space tourism venture’s stock with a “buy” rating and saying its risk “is misunderstood.” “We think the technical risk to SPCE’s human spaceflight program is less draconian than the stock appears to be pricing in,” analyst Darryl Genovesi said in a
People shop at the Macy’s flagship store on 34th St. on Black Friday on November 23, 2018 in New York City. Stephanie Keith | Getty Images Black Friday is one of the biggest shopping events of the year — for a reason. “Everything will be on sale in some capacity,” said Julie Ramhold, a consumer