Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington. The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August. Wall Street’s poor performance for the week
Month: October 2019
Elizabeth Holmes, founder and CEO of Theranos. David Orrell | CNBC Elizabeth Holmes, who once presided over blood-testing startup Theranos which was valued at $9 billion, can’t pay her legal bills in a class-action civil suit, according to her lawyers in the case at the law firm Cooley LLP. Cooley is handling a class-action civil
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images The market is in a slow melt-up mode on Friday. There was a volume spike at 11:30 a.m. as European markets closed and as the S&P 500 passed the earlier highs of the day at 10:00 a.m. ET, a
U.S. President Donald Trump holds a signed executive order during an event in The Villages, Florida, U.S., on Thursday, Oct. 3, 2019. EveEdelheit | Bloomberg | Getty Images A little-used Medicare option is getting a big push from the White House. An executive order signed on Thursday by President Donald Trump includes a call for
Photo by Hero Images via Getty Images You may feel ready to work beyond age 65. Your boss has a different story. Whether your retirement nest egg could use a little more strengthening or you’re looking to keep busy, there are plenty of reasons why you’d like to keep punching in. Your employer could probably
Courtesy of Ronald Long 2019 Influencer in Aging Ronald Long, the St. Louis-based director of Wells Fargo’s Elder Clients Initiatives team since 2014, created what’s become a key brokerage industry tool to protect older investors from elder financial elder abuse. Long and his team originated the “In Case of Emergency” form so advisers could contact
Low Down Payment sign lettering. Getty First time home buyers can put as little as 3% down and get conventional financing (no longer confined to the FHA only box). And there are no prohibitive restrictions; in fact if two people are buying a home, only one of them need be a first time buyer. Standard
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 filing restricted applications in light of recent changes, which month to file an application, eligibility for spousal benefits, potential effects of a public pension survivor benefit, and spousal benefits
A cosplayer dressed as The Joker attends the New York Comic Con at Jacob K. Javits Convention Center on October 03, 2019 in New York City. Dia Dipasupil | Getty Images Entertainment | Getty Images It’s a rainy October morning, barely past 9 a.m. in New York City, and already there is a line stretching
Costco Wholesale reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space. Costco and other U.S. grocers are slashing prices while investing heavily in stores and online operations to defend their share of the market as Amazon.com and Walmart expand aggressively. The
The Robinhood app on IOS and Android Source: Robinhood A move by major brokerages this week to scrap trading fees could be a direct hit to Robinhood, the start-up that kicked off the trend six years ago. Charles Schwab, TD Ameritrade and E-Trade all announced this week that they would no longer charge for individual
It has become the two-word rallying cry at Sen. Elizabeth Warren presidential campaign events: “Two cents! Two cents!” Warren’s wealth tax, which taxes wealth over $50 million at 2%, has quickly become the energizing force of her campaign and helped propel her rise in the polls. Her surge not only speaks to the popularity of
Employees use hand tools to assemble components of a LEAP jet engine at the General Electric Aviation plant in Lafayette, Indiana, July 19, 2019. Luke Sharrett | Bloomberg | Getty Images The top analyst on General Electric sounded the alarm on Friday, in a warning to shareholders that one of the struggling conglomerate’s key businesses
When it comes to college financial aid, you can’t win if you sit on the sidelines. Students need to file a Free Application for Federal Student Aid, or FAFSA, to get in the running for federal and state aid. The average cost of tuition, fees, and room and board reached $21,370 for in-state pupils a
Workers assemble washing machines at the Samsung plant in Newberry, S.C., in March 2018. Sean Rayford | AP NEWBERRY, S.C. — While concerns about a potential manufacturing slowdown swirl in the face of an ongoing trade war, the sector is facing a bigger and more immediate problem — a growing skills gap that is leaving
Tax credits for buying a new Tesla in the U.S. are winding down at year-end. FREDERIC J. BROWN/AFP/Getty Images Is your car eligible for a $7,500 green tax break? Maybe. Maybe not. In a new audit report, the Treasury Inspector General for Tax Administration found that millions of dollars in potentially erroneous plug-in tax credits
Experts predict mortgage rates will stay low for the foreseeable future. Getty Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction
Many stock mutual funds can quietly rob unsuspecting investors by creating unnecessary taxes. This primarily occurs when mutual funds are held outside a tax-favored work retirement plan, individual retirement account or Roth IRA. To help understand why this occurs, it is important to first learn about how stocks that are not owned within a mutual
An Indian-operated SpiceJet Boeing 737-800 aircraft (foreground) takes off. Indranil Mukherjee | AFP | Getty Images NEW DELHI — India needs to fix structural issues in its aviation market that keep operating costs high for domestic airlines, a top industry leader told CNBC. Aviation has a bright future in the country but carriers are struggling
Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Costco dipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported
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