To the extent that investors are nervous about the U.S. economic outlook — reflected in a broader market dancing on the edge of a bear market — Wall Street analysts seem curiously bullish in their 2019 forecasts. Last week, volatile trading pushed the Dow Jones Industrial Average to its worst week since the 2008 financial
Month: December 2018
Donations generally pick up as the holidays approach; this year could be an exception. Because of the recent tax changes, most taxpayers won’t be able to claim a deduction for their charitable contributions — and if they can get a break, most won’t get as much of a tax savings on the dollars that they
Bank of America-Merrill Lynch sees stocks struggling through the first half of 2019. Stephen Suttmeier, the firm’s chief equity technical strategist, is building his case with two S&P 500 charts. They suggest stocks are in the throes of a bear market and the correction is deepening. “We are breaking through a massive support on the
Microsoft didn’t make a big deal about it, but it released a very cool application called Font Maker this year. It lets you create a font out of your own handwriting. The app only works on newer versions of Windows 10, and you can only use it with a stylus on a touchscreen device. Plus,
Everyone has a kitchen drawer that accumulates packets of duck sauce, random pliers, rubber bands, old batteries and pens that don’t write. Most people also have a financial junk drawer, says Amanda Priebe, a certified financial planner and wealth strategist at PNC Wealth Management. It’s a welter of unfinished financial goals and possibly some secrets.
While the stock market may be facing volatile times and investors can’t run away from so many assets moving down together, there’s a creative way to find uncorrelated returns. Investing in baseball players. A company called Big League Advance has raised more than $150 million to buy equity stakes in minor league baseball players. The
The 2020 race for the White House is just barely under way, but the latest CNBC Millionaire Survey shows some troubling signs for the incumbent President Donald Trump, including an energized base of wealthy Democrats and unsteady support from wealthy Republicans. Just 34 percent of America’s millionaires say they would vote to re-elect President Trump
President Donald Trump‘s growing dissatisfaction with Federal Reserve Chairman Jerome Powell could be veering into dangerous territory: Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing the central bank head. With the Fed embarked on a campaign to tighten monetary policy, the president has repeatedly attacked Powell, reportedly fearful that
Most people are familiar with identity theft, which happens when someone pretends to be someone else to make purchases, apply for credit or even get their tax refund. However, an increasing number of criminals are doing the same thing, but stealing business data. Business identity theft was up 46 percent year-over-year in 2017, the latest
How much people borrow to attend college can become just a small share of what they wind up owing. Currently, fewer than a quarter of student loan borrowers are repaying their principal, or the amount they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid.
Gold is getting its shine back. The traditional safe-haven asset has rallied more than 3 percent this month, as investors sought shelter from a volatile stock market. The surge has even prompted praise from Mad Money’s Jim Cramer for gold’s “bull market.” Market uncertainties such as trade tensions and other geopolitical worries tend to increase
President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
FedEx shares dropped more than 4 percent during after hours trading Tuesday as the company lowered its full year 2019 earnings guidance. It lowered its full year EPS guidance to a range of $15.50 to $16.60, down from $17.20 to $17.80 per share. Analysts expected $17.33 per share. The company said that its international business
Tumblr has long housed some of the most self-expressive, marginalized communities of the internet. The site welcomed LGTBQ and sex-positive bloggers, artists and creators, self-proclaimed nerds and those in need of support. Now, with a strict and poorly executed ban on adult content, Tumblr is alienating power users and pushing some to other sites. The
Earlier this year, CNBC tracked down one of the first people to qualify for public service loan forgiveness. “I feel pretty lucky,” Kevin Maier, a tenured professor at the University of Alaska Southeast, had said. He really should. The Education Department just released data on how many borrowers’ loans it has forgiven under the program
Add “location” to the factors that can determine whether you have access to a workplace retirement plan. As federal lawmakers wrap up this session of Congress without taking action on bills that aim to expand the ranks of U.S. workers saving for their golden years, state officials across the country are already beating them to
President Donald Trump wants to fire Federal Reserve Chairman Jerome Powell for raising interest rates, according to a report, an unprecedented action by a president against the independent body that could undermine confidence in the U.S. financial system already under the strain of a vicious equity sell-off. Trump has discussed firing Powell privately because of
Micron Technology shares dropped more than 6 percent during after hours trading Tuesday after the company missed revenue expectations in its quarterly earnings. The company reported $7.91 billion, missing revenue estimates of $8.02 billion. However, it exceeded expectations in earnings, reporting $2.97 per share, beating analysts’ expectations of $2.96 per share. On a conference call,
Love it or hate it, flying coach has never been more complicated. Airlines are dividing up the scores of seats behind first or business class into smaller and smaller sections, each with their own set of perks — or lack thereof. The strategy is playing out in the refurbished cabins and new jets of major
Since the arrest of former investment advisor Bernie Madoff for fraud 10 years ago, many protections for investors have been put in place. But those putting money into the market shouldn’t let their guard down and assume they’re completely protected by the Securities and Exchange Commission and other regulatory agencies. Scammers will always find a
If you’re like most Americans, it has taken years for you to qualify for Social Security retirement benefits. And you don’t want to blow it by using the wrong claiming strategy. There are many ways to claim Social Security benefits. And if you don’t use the right strategy for you, you could leave thousands of
There may be a break in the selling as the year winds down but a “dreadful bear market” is in the cards for 2019, according to hedge-fund veteran Mark Yusko. He told CNBC on Friday he expects the markets to end the year down, in the single digits, and in January there will be a
Stocks head into the final full trading week of the year on the brink of a bear market. The Dow Jones Industrial Average plummeted in the past week in its worst performance since before the bull market began, in the very thick of the financial crisis in the fall of 2008. While the market is
Eli Lilly on Wednesday forecast better-than-expected revenue and adjusted profit for 2019, as the drugmaker benefits from higher demand for its newer medicines including diabetes drug Trulicity and psoriasis drug Taltz. Shares of the company, which raised its quarterly dividend by 15 percent, rose 3.3 percent to $110 in early trading. Lilly has been banking
A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
Remember that time your friend said he flew across the country for free thanks to his credit card, and you were confused? You should keep reading. Banks compete for business by offering perks when you sign up for their cards and then swipe them — a dynamic that’s been heating up lately. “It’s a very,
It may feel like the stock market is collapsing, but investors would be better served to “sit tight” and wait for a bounce rather than selling stocks at their lows, CNBC’s Jim Cramer said Thursday after a brutal day for the major averages. “Here’s the problem: we had a lot of companies report and they
Coinbase CEO Brian Armstrong is joining the ranks of billionaires pledging to donate the majority of their wealth for the greater good. Brian Armstrong on Thursday officially signed the Giving Pledge, started by Warren Buffett and Bill Gates in 2010. Signatories are either billionaires, or would-be billionaires if it weren’t for their generosity, who pledged
Walgreens Boots Alliance on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company dipped less than 1 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.46, adjusted, vs. $1.43 expected Revenue:
Beijing sees cyber espionage as necessary for China’s national progress and will not be ending the practice on current terms, an expert said on Friday after the U.S. Justice Department announced hacking charges against two Chinese nationals. “I think it is very fair to say that China sees this cyber espionage for economic purposes as
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