House shoppers hurrying to find dream homes before interest rates go higher often turn to online mortgage calculators offered by personal finance and real estate sites to get a feel for just how dreamy a home they can afford. When they do, they risk getting bad information, experts say. “Most online mortgage calculators fall short
admin
For many small investors, rising interest rates look like a blessing wrapped around a curse. As the accelerating economy of the last year has pushed rates higher, that means the value of bonds they already own fall. Is the search for yield worth it, or fraught with new risks most retirees (or prospective retirees) don’t
Splunk’s data analytics business doesn’t stop at the keyboard, President and CEO Doug Merritt told CNBC on Monday in an exclusive interview with Jim Cramer. “You can now talk to Splunk through Alexa, Siri or other natural-language frameworks and have Splunk respond back to you,” the CEO said on “Mad Money.” Merritt said that the
Check out the companies making headlines after the bell: Shares of Stitch Fix jumped 10 percent after reporting first-quarter earnings of 10 cents per share, topping the 3 cents per share analysts expected. The online subscription service reported $366 million versus $358 million expected by analysts. Stitch Fix reported active clients missed expectations, saying it
Investors shouldn’t draw conclusions about biotechnology company Moderna solely on the stock’s worrisome action after its initial public offering, CNBC’s Jim Cramer said Monday. Moderna is in the early stages of creating medicine using messenger RNA, which transports genetic information from DNA to a body’s cells so they can produce the proper proteins to express
Ted Rossman, an industry analyst at CreditCards.com, recently booked a trip to Walt Disney World with his wife, Chelsea and 3-year-old daughter, Ashleigh. He charged the $3,000 vacation on a new credit card. Shortly after, he was shocked to find his credit score had dropped to 790 from 831. “Still good, but a far cry
The story of 2018 for media and telecommunications companies was simple: the world is changing, and now is the time to consolidate. AT&T closed its deal for Time Warner. Sprint and T-Mobile agreed to merge. Disney bought Fox, and Comcast bought Sky. The total cost of the four deals alone was more than $200 billion.
U.K. peer-to-peer lender Zopa plans on raising more money in 2019 as it looks to open up its own bank, its boss told CNBC. The financial technology start-up recently obtained a banking license from Britain’s financial regulator, on the back of a £60 million ($76.5 million) funding round it closed last month. “We will be
Few people outside of Wall Street had heard of Bernard Madoff before he confessed to his epic fraud in 2008. In the decade since, he has become the personification of greed — and a household name. Madoff and his inner circle have been featured in books, movies, even an off-Broadway play. Here is what has
You wouldn’t trust your toddler with a pile of cash, right? Well, this estate-planning technique may allow you to safely pass your IRA on to future generations — if you do it right. When it comes to naming a beneficiary of your retirement account, the first person to come to mind is likely your spouse.
U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 177 points, implying a decline of 153.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last
The wild trading that’s gripped Wall Street may be no ordinary correction. According to Ned Davis Research’s Ed Clissold, a bear market is officially here. “If you take this as a typical bear market, not associated with a recession, it’s going to take you down around 20 percent — maybe a little bit more,” the
During Edward Norton’s long acting career, the Golden Globe Award winner has enjoyed a side gig backing tech start-ups like Uber, data analytics firm Kenso and crowdfunding site CrowdRise. He started way back in 2000 as founding investor of wastewater treatment company Baswood. It doesn’t take long in start-up land to learn that data science
Returning home to live with your parents might not be as big a cost saver as you think — at least when it comes to auto insurance. Millennials who are living at home with their parents pay up to 73 percent more for auto insurance than people their age who own a home, according to
“Create a home inventory.” It’s one of those to-do list items personal finance journalists (me included) often recommend, yet everyone tends to put off (also me). Polls from the Insurance Information Institute estimate roughly half of homeowners have a home inventory, a rate that hasn’t budged much over time. That’s not too surprising. Ignorance seems
Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings. “The first and fundamental question: Is this a correction
When the stock market sells off, CNBC’s Jim Cramer always advises searching for stocks that have been dragged down with the broader market despite the strength of their underlying businesses. The last time the market endured a major sell-off, those stocks ended up being the “cloud kings,” Cramer’s group of top-quality plays in the cloud-computing
Sooner or later, retirement starts whispering your name. Even if it’s a mix of work and leisure, most of us expect a little loosening up on the pressures of working. And starting in your 40s and 50s, it’s natural to start planning and wondering what retirement will look like. Not everyone has the money to
The new tax law has put a whole new spin on year-end tax planning, though it hasn’t eliminated the need to do it altogether. “The tricks we had in our back pocket have been taken away in the name of simplification,” said Nathan Smith, a director in the national tax office of CBIZ MHM in
The chart of the S&P 500 Index is flashing a warning of more selling ahead. A pattern, called the ‘death cross,’ appeared on the chart on Friday as stocks plunged. The S&P 500’s average price of the last 50 days, dropped below the 200-day moving average, a sign of negative momentum and possible change in
Barring a last-minute hitch, two of the world’s largest automakers plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old. The deal will serve as something of a jointly played jigsaw puzzle, allowing Ford Motor and
At a recent conference on financial aid, Education Secretary Betsy DeVos said that every school should help its students graduate with high-quality career prospects and little debt. Students should be equipped, she added, with information that allows them to be responsible consumers. “They need to have the best possible tools, data, advice and support,” DeVos
GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are
Stocks could continue to take a beating and aim for a retest of lows, after one of the most brutal weeks for the market this year. The past week was one of the worst of 2018, with the Dow down 4.5 percent at 24,388, and the Nasdaq down nearly 5 percent, at 6,969. The S&P
Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data. “The trade war with China is not about trade,” Cramer said. “Sure, the Chinese government has all kinds of
Do you tip the garbage collectors at the holidays? How much should you give your doorman as the year comes to a close? Year-end tips have become a common practice. About 60 percent of Americans tipped one or more service providers last year, according to a Consumer Reports survey of 2,013 adults conducted earlier this
Wall Street is seeing red. The Dow lost 4.5 percent this week, while the S&P ended the week down nearly 5 percent and still on pace for its worst quarter in seven years. This as the trade war jitters, Fed uncertainty and fears of slowing economic growth continue to weigh on investors. Three experts weigh
Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission. The social media giant said its board approved the increase on Thursday. In 2017, the board signed off on share repurchases of up to $15 billion of its Class A shares with no
Citigroup needs to do “whatever it takes” to cut costs to meet its efficiency target for the year, Wells Fargo analyst Mike Mayo told CNBC on Friday. The bank recently warned it will likely fall short of its 2018 efficiency target, an outcome Mayo said is “not OK.” “I can’t believe that this is happening
As investors weather more volatility after Tuesday’s799 point drop for the Dow Jones Industrial Average, financial experts have largely stuck to one refrain: Welcome to the new normal. Concerns over tariffs and what the Federal Reserve will do will likely keep market volatility elevated, according to J.J. Kinahan, chief market strategist and managing director at