US President Donald Trump speaks to the media prior to departing from the South Lawn of the White House in Washington, DC, July 5, 2019. Saul Loeb | AFP | Getty Images President Donald Trump said Friday he’s preparing an executive order declaring a “favored nations clause” for drug prices, where the U.S. will pay
Month: July 2019
Kai Pfaffenbach | Reuters Check out the companies making headlines midday: Chipmakers— Shares of chipmakers fell broadly, including Micron falling more than 1% and Qualcomm dropping less than 1%, after Samsung said its second-quarter profit would likely be down 56% from a year ago. The world’s largest smartphone maker and supplier of memory chips cited
Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images With the coming loss of the most popular show on its platform, Netflix needs to show Wall Street it has a content pipeline to keep growing subscribers and satisfy current ones.
Nakhorn Yuangkratoke / EyeEm | EyeEm | Getty Images It was fun while it lasted. Only recently have savers reaped the benefits of higher deposit rates — the annual percentage yield banks pay consumers on their money — after they hovered near rock bottom for years. Since the Federal Reserve raised the federal funds rate
Lend a planning hand to a loved one with chronic illness. Getty If you or a loved one is living with a chronic disease, such as Parkinson’s, multiple sclerosis, or Alzheimer’s, your estate planning likely should reflect that challenge. Chronic illness is more common than most imagine More than 130 million Americans are living with
“How much money can I earn?” is often the first question I get from people who are deciding whether to buy or turn their home into a rental property. I’d argue that this is the wrong question to ask. When you’re looking solely at how much money you’ll earn from a rental property, you’ll estimate
Broadcom CEO Hock Tan announces the repatriation of his company headquarters to the United States from Singapore as U.S. President Donald Trump looks on during a ceremony in the Oval Office of the White House on November 2, 2017 in Washington, DC. Getty Images After the Trump administration blocked Broadcom’s effort to buy chipmaker Qualcomm
Investor Paul Meeks is avoiding the group that made him famous. Meeks, who’s known for running world’s biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, is questioning valuations following the impressive run from the recent lows. “I’m neutral to frankly a little bit bearish on the sector that I’ve covered
Larry Kudlow, Director of the United States National Economic Council. Adam Jeffery | CNBC Larry Kudlow, director of the National Economic Council, is “very optimistic” about the health of the U.S. economy but believes the Federal Reserve should “take back the interest rate hike” it made in December because of low inflation. “We are still
If you’ve been paying attention to the 2020 presidential race, you’ve likely heard where many candidates stand on Medicare. Yet another topic — Social Security — has been thus far been largely absent from the debate. Americans rely on Social Security benefits for income in retirement, in the event they are disabled and to help
Talk to your financial advisor about your chronic illness. photo credit: Getty Getty If you or a loved one have a chronic illness, it’s imperative that you talk frankly about it with your financial advisers. You don’t necessarily need to hire advisers who have specific expertise in dealing with chronic illness, just advisers with sufficient
In today’s digital/mobile world, most of the purchase transactions we perform are done in a modern, convenient fashion. Most Americans’ online shopping patterns have evolved from buying commodity items like books to more personalized items like clothes and groceries. More recently, transactions that historically were more expensive or complex are becoming more commonplace. For example,
Richard Harbaugh | Disney Parks The shelves at Disney’s new theme park land Star Wars: Galaxy’s Edge in California aren’t bare, but there are a few items you won’t be able to get your hands on right away. The Black Spire Outpost on the planet Batuu is a mecca for Star Wars fans. Here fans
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with for years, Lorenzo Bini Smaghi, the chairman of Societe Generale, told CNBC Saturday. The U.S. central bank was divided on projections for a rate cut this year at its last meeting, but the
The outlook for Chinese stocks may be risky given the uncertain state of U.S.-China trade relations. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging
Phoenix Wang | Moment | Getty Images When it comes to retirement savings, many Americans miss the mark. On average, Americans believe they need $1.7 million to retire, according to a recent survey from Charles Schwab, which looked at 1,000 401(k) plan participants nationwide. In fact, “that’s a pretty good number if you average out
John W. Weeks Bridge, Dunster House, Havard University, Cambridge, Boston, Massachusetts, America Getty Major universities have big endowments in the tens of billions. These funds, often a result of donations, support financial aid, teaching and improved resources for the universities. Perhaps more importantly, with billions of dollars to invest you can afford some of the
Timing is remarkably important in the real estate industry. Whether you’re buying or selling, it’s crucial to pay attention to the current trends in your local real estate market so you can strike the best deal possible. After all, depending on how the market is trending, acting sooner or waiting it out a few months could make all
Credit: Getty Royalty Free Getty A provision in the Tax Cuts and Jobs Act of 2017 encourages so-called opportunity zones in low-income areas. You as an investor can put money into new enterprises there, using the capital gains you earned on other investments you sold–and get a tax break. For help on how that works,
The end could be near for theater subscription service MoviePass. On Thursday, the company suspended its service while it undergoes unspecified “improvements” to its product. “For the past several months, MoviePass has been working hard to improve our groundbreaking subscription service to ensure it meets the vision that we have for it,” the company wrote
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