From the outside looking in, doctors seem to have an ideal profession to pursue financial independence, retire early (FIRE). After all, with those med degrees comes a huge paycheck. The assumption, of course, ignores a large, under appreciated expense. In order to earn the MD stripes, doctors, on average, accrue nearly $200,000 in debt. And
Month: November 2019
Getty It used to be that everyone got Social Security retirement benefits at age 65. Then Congress tinkered with the system, first in 1956, and again in 1983, so retirees could claim benefits at an earlier age or at a later age. Early claimers (as young as age 60) get smaller monthly payouts and late
Stephanie Haigh, RentPath director of talent acquisition RentPath Traditionally slow to embrace cutting-edge technology, the real estate industry is catching up with the swift pace of tech evolution. Among companies leveraging advancements in artificial intelligence (AI) is Atlanta, Ga.-based RentPath, whose brands — ApartmentGuide.com, Rent.com, Rentals.com and LiveLovely.com — help folks find apartments and homes
GUANGZHOU, China — As the hype over self-driving vehicles begins to wear a bit thin, it looks like the technology will come to trucks more quickly than passenger cars. Chinese autonomous driving company Pony.ai, which also has an office in California, has focused on applying the technology to passenger vehicles. Its latest funding round in
Fosun International still sees growth in China and is “confident in the Chinese market,” Thomas Xue, CFO of the Chinese conglomerate, told CNBC’s Sri Jegarajah on Thursday. “China is slowing down a little bit, but (it is) still one of the fastest growth economy,” Xue said, reiterating his confidence in the Chinese market. “The population
Las Vegas isn’t the first place you’d think of to go on vacation alone. But earlier this year after a conference at one of the giant hotels on the Strip, I was curious to see Sin City through fresh eyes and decided to stay five more days — by myself. Being alone in an adults’
Howard Stern Kevin Mazur | Getty Images Liberty Media CEO Greg Maffei believes the company is well positioned to capitalize on the growing popularity of podcasts and other audio content. Maffei, who joined CNBC’s David Faber from Liberty’s investor day in New York, said that while there is competition for audio content, exclusive agreements should
Medicare beneficiaries have about two weeks left to evaluate their options for 2020 and make changes for the new year. While you don’t need to take any action if you want to stick with your current coverage, experts say it’s worthwhile making sure it will still suit your needs next year — and that there
A University of Alabama cancer geneticist is taking his anti-aging research to the next level to effectively end age-related hair loss, wrinkled skin and reduced energy. And he hopes to have products on the market in 5 years. A new startup out of the University of Alabama at Birmingham (UAB), Yuva Biosciences, is essentially the
Share to facebook Share to twitter Share to linkedin More bad news for the embattled office-sharing startup. Scott Olson/Getty Images Topline: Troubled office-space startup WeWork is facing more bad news, with the company announcing today that it would lay off 2,400 employees, nearly 20% of its workforce, as it continues to cut costs in a
The view from the pool of the late Robin Williams’ home Homes.com The late beloved comedian Robin Williams’ house on San Francisco Bay just hit the market, listed at $7,250,000. Located in Tiburon, a very expensive address, the 6,517 square foot home sits on some of the country’s priciest real estate. Set on a third
The Gap and Old Navy stores located in Times Square, New York. Adam Jeffery | CNBC Gap Inc. on Thursday reported earnings and sales for the quarter that topped analysts’ expectations, after the company warned earlier this month that it was anticipating dismal results. Its shares were up about 1% in after-hours trading on the
Janet Yellen Scott Mlyn | CNBC NEW YORK — Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said Thursday. The central bank leader from 2014-18 also said the U.S.-China tariff war is having a
Apple CEO Tim Cook and President Donald Trump were in Texas this week, in a high stakes photo-op at the factory in Austin where Apple’s Mac Pro computer is assembled. Cook no doubt wants to make it hard for the president to put tariffs on Mac Pro components. Cook has said unless Apple continues to
Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. Thierry Falise | LightRocket | Getty Images The best-performing stock in the world just lost nearly all its value in the blink of an eye.
Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Financial advisors who hold their clients’ assets at TD Ameritrade are about to face a shake-up. Charles Schwab is in talks to purchase TD Ameritrade for $25 billion, and a deal could be announced
Many workers don’t need experts to tell them they aren’t putting enough away for their golden years — they apparently already know it. More than half of U.S. adults (52%) say they are behind where they should be when it comes to saving for retirement, according to a new survey from Bankrate.com. Among pre-retirees, the
Share to facebook Share to twitter Share to linkedin Utilities are “the most underappreciated sector” in the market, according to T. Rowe Price. Robert Alexander/Getty Images Topline: While utilities have long been viewed as a safe investment for coupon-clippers, low-cost renewable energy like solar and wind power are quietly transforming the sector, resulting in strong
Share to facebook Share to twitter Share to linkedin Trump is one of the only presidents in decades to withhold his tax returns from the public. MANDEL NGAN/AFP via Getty Image Topline: A law that would have required President Donald Trump to release his federal tax returns was unanimously struck down by the State Supreme
New Jersey Sen. Cory Booker, Massachusetts Sen. Elizabeth Warren and billionaire Tom Steyer … [+] discussed how to implement affordable housing during the fifth primary debate of the 2020 presidential election. Getty Images While the lack of affordable housing continues to plague the country, the question of what Democratic presidential candidates plan to do to
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