Bitcoin far outperformed major U.S. markets this week. The world’s largest cryptocurrency climbed as high as $6,426.83 on Friday, bringing its one-week gains to more than 12%. Bitcoin is now up 70% since the start of this year. Earlier this week, the cryptocurrency hit the $6,000 level for the first time since mid-November. It still
Month: May 2019
LVMH announced Friday that it will partner with Robyn Rihanna Fenty to create a new luxury fashion house under the label “Fenty.” This would put Fenty under the same umbrella as LVMH’s other luxury fashion houses including Louis Vuitton, Christian Dior, Fendi and Givenchy. LVMH said the Paris-based brand will launch its first line this
President Donald Trump on Friday claimed a victory of sorts in an ongoing trade war with China, asserting that his latest round of import tariffs on Chinese goods will force China to pay “$100 billion” to the U.S. Treasury. Not only is Trump overstating the amount of those payments, he’s apparently unaware of who pays
In the ongoing battle between President Donald Trump and the Federal Reserve over interest rates, it’s consumers that are caught in the middle. The Fed has already hiked its benchmark rate nine times since December 2015. In March, it indicated that it is likely done with increases for the rest of 2019 despite previously forecasting
Share to facebook Share to twitter Share to linkedin You can do well by doing good through your retirement portfolio. Those who employ ethical or socially responsible investing may also reap greater returns. First, a little background on ethical or socially responsible investing. It’s very intentional because you choose companies or funds that help the
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 whether going back to work lets you suspend Social Security retirement benefits, filing options for when one spouse has filed but the other hasn’t, delaying retirement benefits to take
How will we know whether Opportunity Zones have been successful? That’s a question many investors and community leaders have been asking since the bill’s enactment in December 2017. The good news is, there may finally be a way to figure that out. The bad news? The official enactment may take a while. A new proposal
Uber began trading on the New York Stock Exchange Friday at $42 per share, below its IPO price of $45. The stock was down as much as 8% toward the start of trading. Uber priced its shares Thursday night toward the low end of its target range of $44 to $50 per share. That gave
GoPro raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13%. The company’s action cameras, which are popular among surfers, sky divers and Instagram travel bloggers, have been facing stiff competition from
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of the Semiconductor ETF. Karen Finerman was a buyer of Anthem. Brian Kelly was a buyer of Nvidia. Guy Adami was a buyer of McKesson. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, AMZA, ACB, APC,
Tesla‘s increasing production rate and active resale market may be hurting the brand’s appeal and diminish demand for its cars, Morgan Stanley said on Friday, in a counter-intuitive note to clients. “Many auto companies make great efforts to maintain and remarket their used vehicles to increase accessibility of the used product to customers who otherwise
Amid stock market volatility, the default advice is often to do nothing. However, it can be helpful to turn your attention to your own timeline. It’s been a rough month for stocks. The Dow Jones Industrial Average has fallen more than 650 points as of the Thursday market close, while the S&P 500 has lost
Should you delay retirement? Pexels.com (Tirachard Kumtanom) If you’re seeking total happiness and fulfillment in retirement, you need to ensure you approach the next stage of your life with careful planning and consideration. Too many people enter retirement halfheartedly, which can be a recipe for disaster. While there are a myriad of strong reasons why
Trump Tower. Getty While the Democrats press for the last few years of President Trump’s tax returns, older information has come to light. It is quite old, in fact, from the years 1985-94. These returns reveal that Trump during that time reported huge losses on his taxes and paid no income tax. The New York
Technological disruptions are happening more frequently, and to every industry. When you are focusing on managing the relationships you have with your clients while also staying up to date on trends in the market, it may seem like there isn’t enough time to keep up with what’s new in technology as well. However, it’s important
CNBC’s Jim Cramer said Thursday that his colleague is warning that danger could be on the horizon for the stock market. The “Mad Money” host took a look at chart analysis as interpreted by technician Carolyn Borogen, Cramer’s coworker at RealMoney.com who also runs FibonnacciQueen.com, to understand what could come of this volatile market. The
Honda Motor forecast on Wednesday a 6% increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe. Japan’s third-largest automaker signaled that it was looking to reduce global production costs by 10% by 2025 and scale back the number of model variations,
Check out the companies making headlines after the bell: Dropbox stock surged nearly 5% in extended trading after the software company reported first-quarter earnings that surpassed analysts expectations. Dropbox reported earnings of 10 cents per share on revenue of $386 million, while Wall Street had expected earnings of 6 cents per share on revenues of
Millennials have hugely unrealistic expectations about when and how much they will inherit, according to new research. According to the investment management firm Charles Stanley, millennials expected to be left an average £129,380 ($168,450) – but official statistics showed that the average inheritance in the U.K. is currently £48,000, while the median inheritance is £11,000.
WASHINGTON — Jeff Bezos, chairman of Amazon and founder of Blue Origin, unveiled his space company’s lunar lander for the first time on Thursday. “This vehicle is going to the moon,” Bezos said during an invite-only presentation to media and space industry executives. Picture tweet “We were given a gift — this nearby body called
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