Hello, San Antonio! Seniors residing in this Texas city have the have the largest non-mortgage debt balances. Those were the findings from a study by LendingTree. The site, an online loan marketplace, analyzed the data of more than 75,000 of its users. Excluding mortgages, residents of San Antonio between 65 and 70 years of age
Month: January 2019
Amazon founder and billionaire investor Jeff Bezos and his wife of 25 years, MacKenzie, announced via Twitter Jan. 9 that they were parting ways. The couple, who wed one year before the founding of the now giant retail company, reportedly do not have a prenuptial agreement. Bezos, 54, is worth as much as $160 billion
Even if you don’t fancy yourself the next Jeff Bezos, it can be worth thinking about your current assets and potential for future wealth before you get married. Amazon’s CEO and his wife, MacKenzie, announced Wednesday via a tweet that they intend to divorce. TMZ reported Thursday that the couple did not have a prenuptial
A few days ago, Will Kohler, a tax examiner for the IRS, filed for unemployment. He’s been out of work for three weeks now due to the gridlock in Washington, D.C. “It seems like it’s going to go on forever,” Kohler, 55, said, from his house in Covington, Kentucky. “I need to eat.” He has
If you’re looking for more money to meet your 2019 budget goals, there’s good news: You may not need to make more money. And there’s bad news: You will need to increase your efforts to make more of the money you do have. That can mean paring back on areas of your budget where you’ve
Today’s public markets, which were first designed to fill the capital-raising needs of the 19th century, are out of step with capital formation in the 21st century. It’s essential to move the markets forward to provide adequate access to investment opportunity for all, and not just a few, investors. Right now, the average investor has
Tilray popped more than 20 percent Friday after its largest shareholder, a private equity fund backed by Peter Thiel, said it will not sell any of its remaining stake following the expiration of the marijuana grower’s IPO lock-up period next week. “Privateer Holdings strongly believes in Tilray’s long-term global growth strategy and pioneering role in
Uncle Sam may be on hiatus. That doesn’t mean your tax payments aren’t still due. If you’re making estimated payments, the money for the fourth quarter of 2018 must be paid by Jan. 15. And no, you do not get a reprieve because of the government shutdown. Not all government entities are out of commission.
Stocks are taking a cue from volatile oil prices, where traders are looking for signs of a recession and other problems in the market, according to analysts. Crude futures and stocks have been trading in tandem throughout much of the last few months in part because both markets are concerned about the same macro factors:
Jeff Bezos‘ divorce could become the most expensive in history — exactly what he pays out will depend on the complexities of marital law and the value of Amazon. Bezos announced in a tweet Wednesday that he and his wife of 25 years, MacKenzie, have “decided to divorce.” His tweet suggested that it will be
In a clear pitch to millennials, Mercedes has loaded its second-generation CLA coupe unveiled at the Consumer Electronics Show in Las Vegas this week with new digital technology, including the its first semi-autonomous driving system. With a starting price tag at under $30,000, the CLA’s launch in 2013 brought in a wave of young, first-time
An ancient Egyptian artefact has been returned after being illegally smuggled out of the country and displayed in an unnamed London auction house. In a statement on Tuesday, Egypt’s Ministry of Antiquities confirmed that the relic — a tablet carved with the cartouche of King Amenhotep I — had been recovered, after the ministry scoured
Tech continues to change the way we consume and interact with sports. Viewers are now able to watch through more multiple platforms and screens, players are able to connect better with fans through social media and television networks fight for the rights to broadcast these games. All of this as sports gambling in a few
SiriusXM, the satellite radio giant, announced a plan to buy Pandora, the streaming music pioneer. What does it mean for the future of content and subscriptions online? Also, a big week in cloud computing: Jon Fortt travels to Orlando and sits down for a major triple-play interview with the CEOs of Microsoft, Adobe and SAP.
Last spring, Leonardo Galvez got an offer from JetSmarter that seemed too good to pass up. The private jet start-up was offering Galvez its top-of-the-line “sophisticated membership,” which included unlimited, free private jet flights and the chance to bring a guest. The membership usually costs $50,000 a year, but JetSmarter told Galvez that if he
Before he boarded a JetSmarter flight in Las Vegas, Maurice Paola was a little-known DJ and music producer. Now, he’s a symbol of private jet air rage and screening procedures at the flying service start-up. Paola was one of several passengers on the flight headed to White Plains, New York, on Sept. 3. About 45
Free speech is getting exhausting. It’s a game of online publishing whack-a-mole. Alex Jones of Infowars fame finally got suspended from Twitter, only to direct his audience to Tumblr. How should those of us who still love America feel about the amount of crazy that’s going on in the media game these days? MoviePass is
The economy’s supposed to be really good, if you look at the official numbers. According to the U.S. Labor Department, the unemployment rate was under 4 percent in July, which is a level that is often used to describe “full employment.” Everybody who wants a job has one. Except … not really. The system isn’t
Many people who apply for college financial aid are forced to go through an audit-like process in which they must prove that the information they provided is accurate. Each year, nearly a third of students who will out the Free Application for Federal Student Aid, or FAFSA, are selected for so-called verification, according to the
Goldman Sachs has found the safe-haven gold more attractive after a volatile December. The bank on Thursday raised its gold forecasts to $1325, $1375 and $1425 per troy ounce over the next three, six and 12 months respectively from $1250, $1300 and $1350 per troy ounce. Based on gold’s current price, that forecast represents a
Check out the companies making headlines after the bell: Netflix shares rose more than 1.5 percent after UBS upgraded the company to buy from neutral and raised its price target to $410. It said that after six months of under-performing, the investment bank thinks that the stock will rise as subscriber numbers grow. Activision Blizzard
Netflix and Amazon, the disruptive internet pair loved by Wall Street, could make history if they keep up their stellar performances. Barring a major downturn, the two stocks will end up as the best-performing assets of the decade. Since the start of 2010, Netflix has risen more than 4,000 percent while Amazon is up more
Netflix shares jumped nearly 3 percent in the premarket Friday after multiple analysts upgraded the video-streaming giant. Raymond James’ Justin Patterson upgraded the stock to strong buy from outperform. He also hiked his price target on Netflix to $450 per share from $435, implying a 38.6 percent surge. “Netflix is approaching a profit inflection,” Patterson
Check out the companies making headlines before the bell: Netflix — Shares of online streaming service rallied more than 2.5 percent in premarket trading Friday after both UBS and Raymond James urged clients to buy the stock. UBS hiked its rating on the stock to “buy” from “neutral,” writing that after six months of underperformance,
Wells Fargo’s Christopher Harvey is turning positive on beaten-down value stocks. He expects them to be the big winners in the second half of 2019. Harvey calls it a “pretty big departure” from his former stance — acknowledging he didn’t miss many opportunities to dismiss the group as a profitable play over the past two
Big banks could be about to get a high-profile enemy in a very powerful place. Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report. The New York legislator has vowed to take
If the government shutdown lasts another two weeks, the total cost to the U.S. economy would exceed the price of building the proposed border wall. According to an estimate by S&P Global, it will only take another two weeks to cost the economy more than $6 billion, exceeding the $5.7 billion that President Donald Trump
Mary Kay Bowman, head of payments at Square is going to Visa to be new head of seller solutions, reporting to Chief Product Officer Jack Forestell. Visa announced the hire in a blog post Friday. Square’s shares went slightly negative, about 1 percent, after the announcement. Bowman’s departure from Square comes just months after CEO
After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential for
Apple CEO Tim Cook issued lowered guidance for Q1 on Wednesday, naming four main factors: timing of its iPhone launches, a strong U.S. dollar, constrained sales of the iPad Pro, Apple Watch Series 4, AirPods and MacBook Air, and economic weakness in emerging markets such as China. But there’s a bright spot in Apple’s devastating
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