Amazon will do whatever it takes to extract the market share Walmart has in the grocery business, even if it includes slashing prices at its Whole Foods stores, CNBC’s Jim Cramer said Tuesday. Cramer, the host of “Mad Money,” said his sources at Amazon indicate to him that “whatever Walmart is doing” on prices, Jeff
Despite the hefty price tag, there’s a piece of good news about retirees’ health-care costs: They aren’t rising as quickly as they were even a few years ago. A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis, released
Workers saving for retirement in 401(k) accounts and Individual Retirement Accounts (IRAs) face several risks. Among other challenges, they may pick the wrong investments such as stocks in companies that don’t invest for the long-term and thus do not generate the long-term returns that savers need for a safe retirement. Those saving for retirement after
Bank fraud is an important part of banks’ operational risk exposures. Getty As a globally systemically important bank, Deutsche Bank’s risk management capabilities should matter not only in Germany and the United States, but in any country where Deutsche Bank has legal entities. Bloomberg’s Tim O’Brien and the New York Times’ David Enrich have recently
Real estate business, residential rental and investment. Businessman handover keys, with city at night backgrounds Getty Mortgage rates just hit the “undo” button. Already this year rates have reversed almost all of the increases that they saw in 2018. This has led to an increase in buying power for home shoppers, which is proving helpful
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacement, the airline said in a statement. The Trent 1000 TEN is the latest
U.S. government debt prices were higher Tuesday, following the release of solid manufacturing data in the U.S. and China. The yield on the benchmark 10-year Treasury note fell to 2.476 percent, while the yield on the 30-year Treasury bond dipped to 2.876 percent. Bond yields move inversely to prices. Market players digested strong manufacturing data
It was the sale that shocked the world — and the housing data. Hedge fund billionaire Ken Griffin’s $238 million purchase of a condo in Manhattan single-handedly boosted the average sales price in Manhattan by more than $100,000 in the first quarter, according to an analysis. A report from Douglas Elliman and Miller Samuel showed
CNBC’s Jim Cramer said he did not expect Lyft shares to get hit so hard on Monday after their after a positive Friday debut on the stock market. The rideshare app traded as high as $88 a share in its first day, but tumbled nearly 12 percent to settle at $69.01 on Monday. With a
A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview Howard discusses how he got interested in finance and why he started Oaktree. Howard also talks about his views on the market and the role of risk in investing. ? Books by Howard Marks and his
Economic and demographic shifts are making life insurance and annuities more attractive options for fixed income, financial advisors say. “In a typical 60/40 portfolio, because bond returns are at a 50-year low, I’m seeing people moving funds from bonds to either life insurance or income annuities as a substitute,” said Tom Hegna, an insurance industry
Genworth, once the largest seller of long-term care insurance policies, has announced that it has stopped selling individual stand-alone coverage, as well as immediate annuities, through brokers and agents. Company officials say the decision is temporary, but for now it will sell only through direct-to-consumer channels or through employers or affinity groups–currently a very small
Last week, New Jersey Gov. Phil Murphy signed legislation creating a state-run “Secure Choice” retirement plan for an estimated 1.7 million private sector workers who lack a 401(k) at work. New Jersey is likely to be disappointed at the response to its new “auto-IRA,” but for a good reason: the true “retirement coverage gap” is
The French Chateau-styled mansion with 56,500 square feet on 4.7 acres of land was designed by architects James Langenheim & Associates .Jim Bartsch Formula One heiress Petra Ecclestone has cut the asking price on her sprawling Los Angeles mansion once again. At $160 million the new price is a 20% discount from her original 2016
Fentanyl issues could derail the prospects of a U.S.-China trade deal if the Chinese government does not crack down on the highly-addictive pain relieve in good faith, CNBC’s Jim Cramer said Monday. “We may eventually get a trade deal, but it won’t be quick, it won’t be easy, and you certainly shouldn’t be buying stocks
Lyft may have launched with a frothy stock price in a not so frothy stock market. The ride share company’s freshly minted stock, after an initial surge, fell below its offer price on its second day of trading Monday, a warning that other hyped unicorns may have to be more conservative about their price in
CNBC’s Jim Cramer on Monday said investors can get an idea of how the market could perform in the second quarter by understanding how the major averages rallied during the first quarter of the year. The Nasdaq had the biggest gain — 16 percent — to open the year. The S&P 500 rallied 13.1 percent
You want to make money on your investments and put your money to work to do good in the world at the same time. But you don’t want to get taken for a ride. Enter the new world of sustainability ratings, which allow you to track how well the impact investments stack up when it
Your friends may be hearing wedding bells, while you may be more worried about something else: sky high bills to attend. Spring officially kicks off the start of wedding season. And for some that can cause financial pain — even if you are not the one walking down the aisle. A new survey from personal
Introduction One of my most important jobs, as Chief Market Strategist of Asbury Research and Asbury Investment Management (AIM), is to constantly evaluate and re-evaluate the current level of risk in the stock market — because it’s always changing. One of the ways I do this is by closely tracking a short list of my