An Apple employee stands in front of an Apple store in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Apple‘s earnings face a “manageable” hit from the newly proposed tariffs, and Thursday’s sell-off makes the stock an even more attractive buy for investors, Bank of America Merrill Lynch said in a
Month: August 2019
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected
Former Special Counsel Robert Mueller exits during a break in testimony during a House Intelligence Committee hearing on the Office of Special Counsel’s investigation into Russian Interference in the 2016 Presidential Election on Capitol Hill in Washington, July 24, 2019. Jonathan Ernst | Reuters The nearly two-year special counsel investigation of Russian election interference led
Bill Murray and Warren Buffett Arnold Jerocki | GC Images | Getty Images; Adam Jeffery | CNBC Two American icons hung out in an Omaha, Nebraska ice cream shop on Thursday afternoon. Billionaire investor Warren Buffett sat down for ice cream with actor and comedian Bill Murray at Ted and Wally’s, a store in Omaha’s
Mihtiander | Getty Images Managing finances is important, but it’s not how a lot people are using their time. One in 5 American adults spend more time planning their vacations than managing their finances, according to an online survey of about 1,000 people from MyBankTracker.com. There could be several reasons why people dedicate more time
When it comes to playing defense, most fund managers’ hands are tied. Getty After a 10-year bull market, it’s easy to forget how bad things can get. Not long ago, between 2000 and 2010, the S&P 500 lost 5.7% a year. The current bull market is already the longest on record. With Brexit, a trade
Storage unit renter carrying a box of belongs Credit: Shutterstock Moving is stressful enough without having to deal with the loss of irreplaceable family treasures. But that’s what happened to Sid Barrett and his family when they moved from Atlanta to Taos, New Mexico last year. Barrett said that after charging him “a fortune” to
Things did not go well for Christopher Dufresne, son of famous psychic Sylvia Browne and himself a psychic, in the Tax Court decision that came out last week. Judge Kerrigan confirmed the IRS notices of deficiencies of over $500,000 and accuracy penalties that tack on another hundred thousand plus. You would have thought that he
Retail stocks buckled on Thursday as a dreaded fourth round of tariffs moved swiftly from a threat to a reality with one tweet. The sector’s slide continued Friday as investors braced for this latest blow. U.S. President Donald Trump wrote in part in the third tweet of a thread of four “…the U.S. will start,
Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018. Luke Sharrett | Bloomberg | Getty Images Chevron reported a 26.3% rise in quarterly profit on Friday, as higher production more than offset lower crude oil
Wages picked up and hiring continued strong in July but at a much slower pace than last year, reflecting an economy heading toward full employment but still with workers looking to move into the labor force. The economy added 164,000 nonfarm payrolls in July, just as expected, but revisions reduced job growth in May and
Western Canada Steve Smith | Tetra images | Getty Images Looking for some peace and quiet in retirement and willing to pay for the privilege? Try looking outside U.S. borders. We took the top 10 countries in this year’s Global Peace Index from the Sydney, Australia-based Institute for Economics and Peace and reordered them from
Sand destined for the oil and gas fields piles up at the EOG Resources processing plant in Chippewa Falls, Wisc. Steve Karnowski | AP After shakey earnings for oil producer EOG Resources, the company’s stock is well-positioned to outperform, according to Mizuho Securities. The firm maintained its buy rating and $122 price target on EOG
Student debt likely will be a key issue in the 2020 presidential race. A good portion of the major contenders for a presidential nomination, including Sen. Bernie Sanders, I-Vt.; Sen. Kamala Harris, D-Calif.; former Vice President Joe Biden and Sen. Elizabeth Warren, D-Mass., have supported free college and student debt relief plans. For example, Sanders’
BURLINGTON, Vt. — Vermont has a labor problem — its workforce is one of the oldest in the nation, and it’s dwindling. To combat the decline, the state has launched a new financial program to attract younger workers. With the U.S. workforce nearing full employment, Vermont’s Remote Worker Grant Program is offering incentives to workers
Money growth Saving money. (Photo by / Getty) Getty From retired investors needing to meet living expenses to conservative stockholders who simply wanting a consistent income stream, many investors are attracted to monthly dividend payments. Ned Piplovic, a contributor to MoneyShow.com and the editor of DividendInvestor, highlights four-favorite investment offering monthly payments. Sabine Royalty Trust
Water Views Bespoke Marketing “I gave up 60 percent of my development rights,” said Jay Bialsky, principal behind a forthcoming development on the waterfront in downtown Sag Harbor. The entire 1.94 acre site has sat for the past 13 years without any developer being able to get past the Architectural Review Board, but the now-approved
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 restricted applications, when the deeming provision is applied, the availability of divorced spousal benefits, unexpected payments from SSA and the earnings test. Larry Kotlikoff is a Professor of Economics
U.S. stock index futures were slightly lower Friday morning, after President Donald Trump said he would slap an additional 10% tariff on Chinese imports from next month. At around 03:05 a.m. ET, Dow futures dipped 12 points, indicating a negative open of more than 14 points. Futures on the S&P and Nasdaq were slightly lower. In a series of tweets
About half of the United States should expect to have functioning next generation 5G wireless technology by 2020, Verizon CEO Hans Vestberg told CNBC on Thursday. “I think that’s next year,” Vestberg said, when asked when he sees 5G reaching 50% of America. By 2024, half the population will actually a 5G phone, he added.