I’ve had an eye-opening week dealing with people’s misconceptions about retirement planning. In three situations I heard a potentially useful retirement technique attacked or dismissed. First, a reporter wanted to talk to me because she had heard so many bad things about annuities. Next, when discussing a friend’s concerns with his elderly mother’s finances, I
Month: September 2019
Change happens. It is inevitable. With nearly $13 billion invested in prop-tech tech start-ups in 2017 alone, it is clear that big change in real estate is afoot. If you are lucky, you get a warning — you feel the ground shake and notice the ripples in the water glass like the scene in Jurassic
In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York. Drew Angerer | Getty Images As concerns mount over the dangers of a rapidly warming planet, upstart food companies are targeting a major climate-damaging food: beef. Beyond Meat and its
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Whether or not the U.S. is going into a recession is on the minds of Americans everywhere. Google searches show recession fears have spiked exponentially since the end of July, when the Federal Reserve cut interest
Source: Stock.Adobe.com The stock market is fluttering near all-time highs, but has gone nowhere for 19 months. The bond market is pushing government bond yields toward or below zero. Gold is surging. The Fed is cutting. Tweets are flying. Oh, and there’s a major hurricane bearing down on the east coast of the US. So, I can’t
A ‘No Gas’ sign is seen on a gas pump at a station after it ran out of gas as people get fuel before the arrival of Hurricane Dorian on August 30, 2019 in West Palm Beach, Florida. Joe Raedle | Getty Images News | Getty Images Hurricane Dorian’s winds slowed, prompting a downgrade to
Stocks are sending a sell signal. So says widely followed strategist Sven Henrich, founder and lead market strategist at NorthmanTrader, who told CNBC’s “Fast Money” on Thursday that one S&P 500 chart is showing the market heading for a major drop. Many market watchers have taken notice of the technical “megaphone” pattern the S&P has
Shares of Nissan, Honda, Fiat Chrysler, and Daimler are trading at deep discount to their book value, and are paying hefty dividends. Nissan Motor’s shares, for instance, are trading 51% below their book value, paying 8.6% dividend. Daimler’s shares trade at an even larger discount, 68%, paying 6.8% dividend—see table. Company Recent price Book value
The Obamas are buying an estate listed for $14.85 million on Martha’s Vineyard LandVest Barack and Michelle Obama, the former U.S. president and first lady, rented a seven-bedroom home on Martha’s Vineyard this summer and decided to stay. The Obamas now have the property, with a $14.85 million price tag, under contract in a deal
A beach home on the west end of Dauphin Island, Alabama in the Gulf of Mexico is left pieces in the wake of Hurricane Katrina Thursday, September 1, 2005. Photographer: Kari Goodnough/Bloomberg News BLOOMBERG NEWS Hurricane Dorian made landfall in the Bahamas over the weekend. The category 5 storm has been called the strongest storm to
Factory workers at TNG Dai Tu Factory in Thai Nguyen Province, Vietnam work on brand name garments like Nike, Adidas and Converse. Justin Solomon | CNBC It’s crucial for businesses to be flexible and to hedge one’s bets amid the protracted and unpredictable trade war, according to a Hong Kong-based garment maker. For Lever Style, it
A cargo ship holds shipping containers as other containers sit at the Port of Los Angeles, the nation’s busiest container port, in September 2018. Mario Tama | Getty Images News | Getty Images BEIJING — China is moving slowly in the implementation of retaliatory tariffs as trade tensions with the U.S. escalate. The Chinese government
CHICAGO, ILLINOIS – MAY 20: Lori Lightfoot addresses guests after being sworn in as Mayor of Chicago during a ceremony at the Wintrust Arena on May 20, 2019 in Chicago, Illinois. Lightfoot become the first black female and openly gay Mayor in the Getty Images The clock continues to tick on Chicago’s 23% funded pensions.
Hong Kong protests have expanded from opposing a controversial extradition bill to calls for greater government accountability. Getty Even though Macau casino review fell for a second straight month in August, ongoing anti-government protests in Hong Kong have had little direct impact on Macau tourism and gaming to date. But resulting disruptions and the larger issues
This photo taken on October 17, 2018 shows a worker inspecting shoes at a factory in Qingdao in China’s eastern Shandong province. STR | AFP | Getty Images China’s manufacturing activity expanded in August, according to results of a private survey released on Monday amid the country’s escalating trade war with the U.S. The Caixin/Markit
A customer uses an automated teller machine in Singapore. Nicky Loh | Bloomberg | Getty Images Singapore is about to shake up its banking sector for the first time in two decades — a move that would allow technology players and non-banking companies to challenge traditional lenders. The disruption could be a win-win situation for
Author’s wife wearing a sombrero in Mexico Chuck Bolotin Perhaps you’ve thought about moving to Mexico, or perhaps you have a loved one who is considering it. Either way, you’re almost certainly dealing with all the objections arguing against the move. We certainly did, before we moved. Friends, family, and even almost complete strangers were
One of the biggest trends in the residential real estate industry in recent years has been the introduction of the so-called “iBuyer” companies like Opendoor, OfferPad and Zillow Offers that buy houses directly from homeowners and then resell the houses. Phoenix is ground zero for the iBuyer explosion. The two largest iBuyer companies, Opendoor and
The 2019 Mercedes G550 SUV Mack Hogan | CNBC Mercedes first build the Geländewagen, which literally translates to off-road or all-terrain vehicle, as a military vehicle for the King of Iran. Repurposed for civilians in 1979, that rugged, archaic first-generation G-Wagen would stay in production for 39 years and eventually catch on with rappers, celebrities
Employees work on the production line of solar panel at Risen Energy Co., Ltd on February 21, 2019 in Ningbo, Zhejiang Province of China. Zhejiang Daily | Visual China Group | Getty Images President Trump rattled Wall Street when he demanded U.S. firms move production out of China. But many have already taken steps to