With the S&P 500 sitting less than 1% from its all-time high and on track for its fourth straight monthly gain, cautious investors can’t help but wonder how long they can still ride on the back of this aging bull before everything comes crashing down. Investors are used to erring on the side of caution.
Check out the companies making headlines midday Monday: Kimberly-Clark — Kimberly-Clark rose nearly 4.5% after the company reported strong first-quarter earnings. The parent company of Kleenex, Huggies and Kotex reported $1.66 per share versus the expected $1.54 per share, according to Refinitiv. Tesla — Shares of the automaker fell over 3.7% following an apparent explosion
[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] There’s a new kid in the Cannabis space – YOLO. The ETF, which launched last week, is just the second U.S. listed marijuana exchange traded fund. Dave Nadig of ETF.com
President Donald Trump’s landmark 2017 tax legislation will benefit rich households in Republican states more than rich households in Democrat states, a new research paper says. The richest 10% of households in red states are forecast to see a 2% increase in remaining lifetime spending as a result of the president’s Tax Cut and Jobs
Health-care stocks fell sharply last week, notching their worst weekly performance of the year, but a rebound may be at hand. The S&P 500 health-care sector fell 4.4% last week, its worst weekly decline since late December. The move ended with more than 93% of health-care stocks trading below their 20-day moving averages, a short-term
When Bruce Sullivan set out to build his dream retirement home in 2015, his goal was to get his utilities costs as low as possible. Today, the 900-square-foot Bend, Oregon, home that he shares with his wife has more than accomplished that, he said. The one-bedroom, one bathroom house is what Sullivan calls a “zero
More than 95% of student loan borrowers would see at least some of their debt cancelled under Democratic presidential candidate Elizabeth Warren’s new higher education proposal released on Monday. That’s the finding in an analysis of the plan by leading experts on student loan debt. The Massachusetts senator outlined her proposal in a Medium post
With Social Security expected to face revenue shortfalls starting next year, consumer advocates are hopeful that Congress is moving toward acting on legislation that would both shore up the program and expand benefits. The annual trustees report, released Monday, anticipates that in addition to the program spending more than it takes in beginning in 2020,
Share to facebook Share to twitter Share to linkedin Baby Boomers, their dependents and survivors are facing prospects the Social Security trust fund paying for their benefits will dry up in 2034. The estimate is unchanged from last year by the trustees. However, the disability fund has been given 20 years of additional life to
The Social Security Board of Trustees has just released its annual report to Congress. If past reporting is an accurate guide, it will be misreported. Thanks to decades of a billionaire-funded campaign to undermine confidence in Social Security, the Trustees Report will likely be greeted with cries that Social Security is going broke. The truth
Talking about my generation. Next For Me Over 12 months in 2018 my company Next For Me got an intimate look at thousands of Americans over 50. We learned that they are thinking hard about what the future of work and financial stability means for them. Following are the results of the research titled: Understanding the 50+
U.S. Senator Elizabeth Warren (D-MA) (Photo Credit: BRENDAN SMIALOWSKI/AFP/Getty Images) (Photo Credit: BRENDAN SMIALOWSKI/AFP/Getty Images) Elizabeth Warren wants to cancel your student loan debt and make college tuition-free. Here’s what you need to know. Proposal: Cancel Student Loan Debt U.S. Senator Warren (D-MA), who is also a 2020 presidential candidate, proposed Monday an ambitious student
Tense work of four employees sitting in the front of monitors in the office room. Getty Senate Democrats have rallied around the Working Families Tax Relief Act (WFTRA) that would significantly expand the Earned Income Tax Credit (EITC) and more modestly boost the Child Tax Credit (CTC). While the measure is not the most ambitious
Getty Now that this tax season is over, it’s time to start planning for the next one. If you own a small business, this means you. The U.S. Small Business Administration reports the number of small businesses with no employees increased from 15.4 million in 1997 to 23.8 million in 2014. A business without any
Friday’s data for March housing starts and permits accelerated their recent disappointing streak. Of course, the month on month data is volatile (and subject to very large revisions) due to difficult seasonal adjustment factors and to changes in the weather, but the Year on Year (YoY) trend is more reliable and has been showing weakness
There’s no getting around the fact that your credit score is an important factor in being approved for a loan. However, it isn’t the be-all-and-end-all and there are definitely other factors involved in determining your ability to afford to buy a home. I’ve laid them out for you below. If your credit score leaves something
Real estate is a fast-paced industry, and for many investors, the goal is to build properties to sell – and then move onto the next project. This “merchant builder” strategy aims to get in and get out as soon as possible, making a quick profit. But the risks and challenges associated with this plan are
It’s one thing to leave your heart in San Francisco, but leaving a family heirloom, an engagement ring or your lucky bowling ball at San Francisco International – or any – airport will have you singing a different song. Sleepy, rushed and distracted travelers leave thousands of objects at airport security checkpoints and in the
Prospective Federal Reserve nominee Herman Cain promised to pursue a stable dollar if confirmed to a central bank board that he thinks is too dominated by academics. In an op-ed for The Wall Street Journal, the former presidential candidate, Kansas City Fed board president and Godfather’s Pizza CEO cited what he called the “professor standard”
Exchange-traded funds are getting a revamp at Goldman Sachs. The big bank has doubled down on a concept called smart beta, which blends passive and active investing strategies to build portfolios based on non-traditional metrics. At Goldman, the strategy is branded as ActiveBeta and revolves around four factors: value, quality, momentum and low volatility. “We