If there’s only one concept you need to know when saving for retirement, it’s this: compound interest. With compounding, you make money on your money. You make interest on your interest. With compounding, the returns start small, but get bigger over time. Much bigger. And it’s the secret to growing your retirement dollars. Here’s how
Month: May 2019
President Donald Trump’s tariffs hit his voters the hardest, with the top three states most affected by the trade war all places that helped him win the White House. Charts compiled by Torsten Slok, chief economist at Deutsche Bank Securities, show Louisiana is the state most hurt by the tariffs, followed by Alaska and South
Uber is set to go public in the biggest IPO of a U.S. company since Facebook seven years ago. It probably will be valued at around $90 billion. Why does it matter? Facebook changed the way we socialize and the way we advertise. Google changed the way we search and watch video. Uber, as much
CHICAGO — The Federal Reserve is caught between a rock and a hard place as tensions with China increase, according to an award-winning portfolio manager. “The Fed is trapped by the circumstances,” Dan Fuss, manager of the Loomis Sayles Bond fund and winner of the Morningstar Outstanding Portfolio Manager award, told CNBC. Fuss received the
Stamps.com stock dropped 47% in premarket trading after the company slashed its 2019 earnings forecast, as well as projected further declines in 2020 and 2021. The postage company announced on its first quarter conference call that it expects to take a hit due to uncertain contract changes that its partner companies have with the United
WASHINGTON — Jeff Bezos, chairman of Amazon and founder of Blue Origin, unveiled his space company’s lunar lander for the first time on Thursday. “This vehicle is going to the moon,” Bezos said during an invite-only presentation to media and space industry executives. Picture tweet “We were given a gift — this nearby body called
Hussey & Hussey Photographers | The Image Bank | Getty Images When my wife and I were expecting the birth of our daughter, we decided she would quit her job in the financial services industry and stay home. In the months leading up to the birth, we saved more than $8,000 from her job before
Cultura/Antonio Saba | Getty Images At cocktail parties, financial advisors usually wouldn’t attract the biggest crowd. It’s a profession that never garnered much interest before the Great Recession. But times have changed. As retirement accounts were wiped away and market volatility took hold, investors didn’t mind a little hand-holding from a pro. That’s where financial
One of the biggest investment opportunities over the next decade will be in companies working to delay human death, a market expected to be worth at least $600 billion by 2025, according to one of Wall Street’s major investment banks. Bank of America Merrill Lynch analysts Felix Tran and Haim Israel believe that genome sequencers
Check out the companies making headlines after the bell: Shares of Disney popped in extended trading after the mass media company reported second-quarter results that beat expectations on the top and bottom lines. The company reported earnings of $1.61 per share on revenue of $14.92 billion, topping analysts’ estimates of $1.58 per share on revenue
Disney popped about 1% after reporting earnings and revenue that beat analyst estimates for its second quarter 2019. Here’s how Disney’s report compared to analysts’ estimates: Earnings per share: $1.61 per share, ex-items, versus $1.58 per share expected, per Refinitiv survey of analysts Revenue: $14.92 billion, versus $14.36 billion expected, per Refinitiv Disney reported a
Americans aren’t ready to buy electric vehicles and don’t think their neighbors are either, according to a new study by AAA. That said, as many as 40 million Americans say they will at least consider a battery-electric vehicle, or BEV, for their next vehicle, the automotive group found. And the public may be more interested
Caiaimage/Robert Daly | Getty Images When it comes to Social Security, one small mistake can botch a lifetime’s worth of income. As tempting as it may be to claim your retirement benefit as soon as you’re eligible at age 62, choosing to do so could put a dent in your cash flow. Few people seem
Tesla Model 3 Silas Stein | picture alliance | Getty Images If you’re thinking of switching to an electric vehicle, chances are that you have considered a Tesla. The debut of the Model 3 — which starts at $35,000 — is Tesla’s most affordable model. And it has many individuals wondering if they want to
Two prominent market voices squared off Wednesday over the future of cryptocurrencies in a debate that ended with a bet over a T-shirt. Economist Nouriel Roubini, who for many years wore the sobriquet “Dr. Doom,” said bitcoin and its peers don’t even deserve to be called “cryptocurrencies.” Investor and former hedge fund manager Michael Novogratz
City of London financial district with Royal Exchange building. Alexander Spatari | Moment | Getty Images A majority of wealthy U.K.-based investors see an economic upside for the U.K. despite uncertainty surrounding its withdrawal from the EU, according to a new quarterly survey by UBS. Published Tuesday by UBS Global Wealth Management, the study polled
President Donald Trump says China wants a deal, but Wall Street is not totally convinced there will be one, even though stocks rose on the president’s remarks Wednesday. Before the market open, Trump tweeted that Chinese Vice Premier Liu He is coming to the U.S. to make a deal. Several hours later, White House spokeswoman
Getty Images Wendy’s reported better-than-expected quarterly revenue and profit on Wednesday, as the U.S. burger chain benefited from higher royalty fees and the launch of its premium burgers that come with avocado, bacon and barbecue chicken. The company refreshed its offerings by introducing ‘Made to Crave’ line of fresh beef burgers that come with ingredients such
“We seek to become the global standard for online payments.” Those were the words PayPal chose to present itself to the world in its S-1 filing when the company went public in 2002 with Peter Thiel at the helm. Thiel is now far removed from his time as CEO of the payments company, and is
Image Source | Getty Images Nobody likes writing a check every month. The joy of that new car quickly gives way to monthly misery — especially when the size of the check is sometimes equivalent to the size of a mortgage payment. Americans are carrying an increasing amount of auto debt, according to the Federal
Chinese President Xi Jinping (R) waves to the press as he walks with US President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. Jim Watson | AFP | Getty Images Wall Street analysts covering individual companies are increasingly concerned about the ramifications of a possible China-U.S. trade war on
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images For all the political tensions about trade, American-based venture capitalists are still pouring money into Chinese start-ups. Venture capital flows between the U.S. and China hit an estimated $22
The Mallinckrodt Pharmaceuticals sign at the company’s offices in St. Louis. Whitney Curtis | AP Shares of Mallinckrodt Pharmaceuticals seesawed Tuesday morning, swinging up by as much as 16.4% before the markets opened but trading lower after the company reported otherwise strong first-quarter earnings and raised its profit outlook for the year. Mallinckrodt attributed its strong quarterly
CNBC’s Jim Cramer on Tuesday said Wall Street lacks enough “safety zone areas” to warrant picking any stocks in current market weakness. But the “Mad Money” host also cautioned that, because of uncertainty surrounding U.S.-China trade relations, it may be a gamble to do more selling after the Dow Jones Industrial Average posted its fourth
Ariel Skelley/Getty Images If you want a job in a growing field with high pay and low stress, you should probably like math, numbers and data. Of the 10 best jobs for 2019 — based on income, anticipated growth rate, work environment and stress — five are in mathematical sciences, according to a new report
Financial advisors have seen clients make very smart, and pretty dumb, 401(k) plan decisions. FatCamera | Getty Images Knowing a person’s investment approach could also provide insight into their financial priorities and what they’re looking for in a financial advisor, a new study suggests. By splitting investors into two categories, based on their general attitudes
Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. David A. Grogan | CNBC Citadel’s flagship Wellington Fund is up 10% so far this year, a source familiar with the returns told CNBC on Tuesday. The fund was up 3.33% in April, driven by equities, commodities, credit, and
Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York. Scott Eells | Bloomberg | Getty Images For investors fearful of a full-blown trade war, here’s Goldman Sachs’ playbook to tackle the tough market. Stock losses keep accelerating as investors remain anxious about President Donald Trump’s new
Heather Bresch, CEO of Mylan. Adam Jeffery | CNBC Drugmaker Mylan missed Wall Street estimates for quarterly revenue on Tuesday, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dollar, sending its shares down 4.5%. Revenue from its North America business fell 6% to $922.9 million and missed estimates of $952.43
Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft will report quarterly earnings after Tuesday’s market close for the first time since going public in March. Here’s what analysts are expecting from Lyft’s
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