Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Spencer Platt | Getty Images News | Getty Images The Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. CNBC
Month: July 2019
Collectively, Americans owe more than $1 trillion in credit card debt. Despite the strong preference for plastic, that burden is not felt across the board. Residents in some states are faring better than others when it comes to paying down their balances, according to a new report by WalletHub. Using the median credit card balance
Would you prefer to receive $1,000,000 or a magical penny that doubles in value for 31 days? This question is the basis for some of my favorite lessons when I’m teaching personal finance workshops to undergrads, grads, and employees. Let’s see if you can guess the answer too! The Magical Penny DepositPhotos Wandering on the street one
Weather prediction is getting much better. Now, innovative companies are spinning that increased capability into lucrative new business models. ClimaCell, featured in a July 24 Forbes story, combines data analytics, traditional inputs and the analysis of signals beamed between cellular towers to predict local weather six hours in advance. The dark clouds. The sky in black. Pattern
It’s not enough to pick the right funds; you must also consider the type of account the asset will be located in. Getty All else equal, we all want to pay as little tax as legally possible. For do-it-yourself investors, one of the biggest challenges is choosing which funds to invest in. Unfortunately, fund selection is
Starbucks was able to engineer a top- and bottom-line beat in its latest quarter report thanks to the moves that tech veteran and CEO Kevin Johnson made to line up customers up for coffee, CNBC’s Jim Cramer said Monday. The ubiquitous coffee chain saw it stock price surge to surge to near $100 after raising its
Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li. Airwallex When Jack Zhang and Max Li were looking for a side-hustle to supplement their day jobs, they did like good Melbournites and opened a coffee shop. It seemed like an easy choice for two Chinese natives keen to assimilate
A man carrying a box leaves a Deutsche Bank office in London, Britain July 8, 2019. Simon Dawson | Reuters Deutsche Bank shocked the world this month when it announced its retreat from equities trading. It won’t be the last investment bank to give up on the stock market. As laid-off employees were photographed trudging
If you work at a small business and don’t have access to a 401(k) savings plan, that could soon change. The Labor Department on Monday released a final rule that’s intended to make it easier for the nation’s smaller firms to band together to offer 401(k) plans to their workers. The move comes about a
They call it an alligator pear in some parts of the United States. And while it’s referred to as a palta in Chile, Peru, Uruguay, Bolivia and Argentina, there are at least 10 other names for it in Spanish-speaking countries. And I don’t even know how I’d inquire about one in the northern Spain community of Basque
Interest Rate – Variable Interest Rate – a conceptual look at variable interest rates. Will they go up or down? Getty When it’s time to refinance, one of the biggest hurdles homeowners face is securing the best interest rates. With that in mind, I’ve brought you four things that you can do to set yourself
Samuel and Louise Edelman are challenging the voracious state of New York in the US Supreme Court. The top rate of 8.82% is among the highest in the nation (and then there can be a city tax on top of it), but it is the reach that the Edelmans are complaining about not the rate.
President Donald Trump speaks to the media before departing the White House en route West Virginia in Washington, July 24, 2019. Mary F. Calvert | Reuters The Trump administration is proposing a rule that would require hospitals to publish the prices that are negotiated with insurers, or risk being fined. The proposed rule, announced Monday,
Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC There’s a good chance one or two, and maybe even three, Fed officials could disagree with the central bank’s decision to cut rates Wednesday, and that could make it more difficult for markets to glean the
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The
Morgan Stanley signage on the door of their headquarters building in New York. Scott Mlyn | CNBC Morgan Stanley is offering a new tool to help financial advisors and their clients measure sustainable investing choices and how they perform in their portfolios. The analytics and reporting application, called Morgan Stanley Impact Quotient, was announced on
When former vice president Joe Biden recently announced his plans for older Americans, he joined his fellow Democratic presidential candidates in calling for the expansion of Social Security. “We should be increasing, not decreasing, Social Security,” Biden said at a recent AARP Iowa forum. “It’s within our capacity to do so.” Former U.S. Vice President
If you had $179 more a month what would you do with it? It’s a question that those paying back student loans must ask themselves. That’s because $179 is the median monthly student loan payment, according to new data by JP Morgan Chase Institute. It accounts for 5.5% of income, on average, but that can
The Castle, asking $75 million Unvarnished “I’m not a big fan of walking through the front door and giving up the water right away,” says designer Scott Gillen. He’s referring to the design intent behind his latest project, The Malibu Series—a collection of 12 homes throughout Malibu which total over $500 million in combined asking
Share to facebook Share to twitter Share to linkedin New York became the 15th state Monday to decriminalize marijuana. Getty Topline: New York governor Andrew Cuomo signed a bill Monday further decriminalizing recreational use of marijuana, but fell short of his goal to fully legalize the substance in 2019. Under the new law, people will
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