A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Government policy uncertainty and a poor earnings outlook will keep the stock market from rallying any further this year, according to Goldman Sachs. Low interest rates
Month: July 2019
Chris Cline, owner of Foresight Energy LLC, poses for a portrait inside an elevator to the mine at Foresight Energy LLC’s Shay coal mine in Carlinville, Illinois, U.S., on Tuesday, June 21, 2010. Andrew Harrer | Bloomberg | Getty Images Billionaire West Virginia coal executive and philanthropist Chris Cline died in a helicopter crash Thursday,
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now
Nathan’s Famous hot dog eating contest in Coney Island, New York is an annual event where the hot dog gets to shine. On the Fourth of July, Americans everywhere can char hot dogs on backyard grills. But thousands of others will celebrate American independence by watching contestants cram dozens of dogs down their throats in
Consumers looking for a new car might find themselves in the driver’s seat when negotiating during the industry’s annual July 4th sales push. With prices continuing to climb and competition from millions of leased cars returning to the market this year, slowing demand for new autos has resulted in dealerships eager to unload inventory. “Dealers
CNBC’s Jim Cramer said Wednesday that investors should be buying, not selling, Canopy Growth stock following the firing of co-CEO Bruce Linton. Linton told CNBC earlier Wednesday that he was “terminated” from the Canadian pot company that he founded six years ago. Shares of Canopy — up about 50% year-to-date — were dropping about 4% in
The U.S. Federal Reserve building in Washington, D.C. Adam Jeffery | CNBC The market and the Federal Reserve are currently far apart when it comes to expectations of where rates are headed. Two candidates who President Donald Trump said he is going to nominate to the central bank could bring them closer together. In a
Courtesy Fairmont Orchid Fairmont Orchid In-room coffee makers, Wi-Fi, a bottle of water and, sometimes, complimentary nationwide phone calls are now among the standard amenities travelers will find included with most hotel rooms. But to stand out — and in many cases, justify — the sometimes hefty “resort” or “convenience” fees many properties now tag onto
Tetra Images | Getty Images You can head for the farthest reaches of the Earth, but you’ll never escape the U.S. tax man. More than 20% of the Americans abroad polled by Greenback Expat Tax Services said they are “seriously considering” giving up their U.S. citizenship. The firm polled more than 3,100 U.S. expats from
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images With the S&P 500 up more than 19% already this year, investors are scrambling to find the next big winners. According
Islets along the west coast of Exuma, Bahamas De Agostini | Getty Images The island featured in promotional materials for the infamous Fyre festival has been listed for sale for almost $12 million. Fyre Festival, which took place in 2017, was publicized as a high-end music festival in the Bahamas. It was put together by
Ten years into the recovery, the economy’s ability to create new jobs may be slowing both because the U.S. is running out of workers, and also because the trade war may be worrying employers. Economists expect to see 165,000 jobs were added in June, after a stunningly low 75,000 payrolls added in May, according to
Tom Holland reprises his role as Peter Parker / Spider-Man in Sony’s “Spider-Man: Far From Home.” Sony * This post contains spoilers for “Spider-Man: Far From Home” and “Avengers: Endgame” * With the debut of “Spider-Man: Far From Home” in theaters this week, Phase III of the Marvel Cinematic Universe has come to a close,
View of homes in San Francisco from Alamo Square park. hanusst | iStock Editorial | Getty Images Why buy a house in San Francisco when you can snap up something more affordable in New York? Bay Area tech workers are showing some sensitivity to the cost of housing in the region, according to a survey
Tesla‘s better-than-expected delivery numbers may buy the electric auto maker time, but they’re not a quick fix for more fundamental issues, Roger McNamee told CNBC on Wednesday. “This quarter doesn’t solve anything, but it’s way better than what people were expecting,” said McNamee, a venture capitalist turned Silicon Valley critic. Tesla shattered Wall Street’s expectations
Damir Khabirov | iStock | Getty Images “He who makes no mistakes makes nothing.” Talk about a silver lining, especially when applied to finance. This 200-year-old quote, attributed to Casanova, gives hope to all those ruing a grave error or missed opportunity. And it’s true: We learn what not to do going forward when we
Economist, Art Laffer is pictured in Washington, DC on Sunday, March 8, 2015. Sarah L Voisin | The Washington Post | Getty Images President Donald Trump‘s newest picks for the Federal Reserve board should easily gain Senate approval, economist Art Laffer told CNBC’s “Closing Bell ” on Wednesday. “I don’t see why there should be
Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, California. David McNew | AFP | Getty Images Tesla shares surged on Wednesday after what Barclays’ called the company’s “impressive” record quarterly deliveries number, but Wall Street analysts largely remain cautious, focused on the upcoming second-quarter earnings
Amazon CEO Jeff Bezos tours the facility at the grand opening of the Amazon Spheres, in Seattle, Washington on January 29, 2018. Jason Redmond | Getty A federal appeals court ruled that Amazon can be held liable for defective goods sold on its site by third-party vendors, who now account for more than half of the
Al fresco dining, downtown St. Petersburg, Fla. Source: Visit Florida If you want to retire early, just setting and forgetting when it comes to your savings strategy won’t cut it. Just ask a new crop of investors dubbed “super savers.” These Americans, ages 45 and up, are putting away at least 20% of their income.
White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. Leah Millis | Reuters U.S.-China trade talks may have restarted, but a potential deal is still a long way off, White
Pedestrians walk past automated teller machines (ATM) at a United Overseas Bank Ltd. (UOB) branch in the central business district (CBD) of Singapore. Ore Huiying | Bloomberg | Getty Images Singapore’s decision to issue new digital bank licenses to non-banking companies will adversely affect smaller banks in the sector, said ratings agency Moody’s. Last week,
U.S. stock index futures were mixed Wednesday morning, as escalating global growth concerns weighed on investor confidence. At around 02:35 a.m. ET, Dow futures slipped 30 points, indicating a negative open of more than 11 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. A rally in global stocks following a trade truce between the two world’s two
LWA/Dann Tardif/Blend Images | Getty Images Your dream home’s beautiful exterior might be hiding a horror show. Prospective homeowners might think they’ve covered their due diligence by reviewing local schools and crime statistics. Yet buyers will need to dig below the surface to find the real deal breakers, including shoddy construction and unreported property damage.
Utah added nearly 50,000 jobs last year, spurring a housing boom in the Beehive State. George Frey | Bloomberg | Getty Images Housing is providing another in a line of troubling signs pointing to a substantial economic downturn. A Federal Reserve economist, in fact, says the current backdrop is similar to recent slumps, with several
JohnnyGreig | E+ | Getty Images While a gym workout can be a lot of fun, the cliche “no pain, no gain” is also true. The same goes with finances. Savers and investors who want secure financial futures tomorrow often have to face painful financial facts today — and it can fall to financial advisors
A new report from the Federal Reserve paints a bleak picture of America’s retirement savings. Twenty/20 A friend recently texted me that she had spent her entire weekend obsessing over money. “I don’t know what kind of life I want to live, or what I want to save for, or even IF I want to
The 2020 BMW X6 Source: BMW Few luxury automakers have more extensive vehicle lineups than BMW, launching a broad array of new products over the past decade. The Bavarian marquee refreshed its roster again Tuesday with the redesign of its influential X6 crossover utility vehicle. Conceived as a blend of a sports coupe and a
If you’re heading down the aisle this year, your tax situation is likely the last thing on your mind. Yet at some point, it’s probably worthwhile evaluating what getting married will mean for your taxes. While many couples will see their taxes drop, some face a “marriage penalty” — paying more than if they had
Traders work the floor of the NYSE. Brendan McDermid | Reuters The bull market celebrated its 10-year anniversary with one of its strongest first halves on record, but the second half of 2019 could present some turbulence for the market. The S&P 500 rose more than 17% in the first half, making this the best