Whether it was an unexpected expense or an impulse purchase, chances are you’ve slacked off on your resolution to save more and spend less. That’s OK. Most people typically give up on their financial resolutions six weeks into the new year, according to a survey from LearnVest. This year is no exception, even though more
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Despite the dangers of high-interest loans, more consumers are testing the limits of plastic. To that point, more than 1 in 3 people —or 86 million Americans — said they’re afraid they’ll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered
Check out the companies making headlines before the bell: Johnson & Johnson – Johnson & Johnson earned an adjusted $1.97 per share for the fourth quarter, 2 cents a share above estimates. Revenue also topped forecasts, helped by stronger sales of cancer and psoriasis treatments. Travelers – The insurance company reported adjusted quarterly profit of
Silicon Valley has driven San Francisco into a “train wreck” of inequality, with homelessness being a severe issue in the city, Salesforce CEO Marc Benioff told CNBC. “San Francsico is kind of a train wreck, we have a real inequality problem,” Benioff told CNBC’s Sara Eisen on Tuesday. Benioff added that, though the Valley is
It’s been two years since Donald Trump was inaugurated as president of the United States. In that time, defense and tech stocks, have blown everybody out of the water. The iShares U.S. Aerospace & Defense (ITA) exchange-traded fund has surged more than 30 percent since Jan. 19, 2017. The S&P 500 tech, meanwhile, has spiked
Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
The Middle East’s largest public company is expanding its investments in China despite an expected slowdown in the country’s economic growth, its CEO said Monday. Speaking to CNBC during the World Economic Forum in Davos, Switzerland, Yousef Al-Benyan, chief executive of Saudi Arabian petrochemicals manufacturer SABIC, dismissed growing concerns about the future of the world’s
Jeffrey Gundlach is ditching Twitter. The founder of DoubleLine Capital said in a tweet late on Sunday he would be deleting his account “due to suspicious activity.” The tweet did not elaborate on the suspicious activity Gundlach was referring to. Gundlach’s account, which has the handle “@TruthGundlach,” has been online since May 2017. Gundlach has
European stocks were set for a mixed open on Monday, after fresh data from China showed its economy grew at its slowest pace since 1990. Britain’s FTSE 100 was seen 1 point higher at 6,973, Germany’s DAX was set to open 14 points lower at 11,200 and the French CAC was set for a 15-point
Every one of the 80 special edition Lincoln Continentals with “suicide doors” have already sold out, the company said Monday. Ford’s premium brand debuted the formally named 80th Anniversary Lincoln Continental Coach Door Edition in mid-December. Within 48 hours of the car’s debut, they were all gone. The car was sold on a first-come, first-serve
What’s your net worth? Even if you don’t fly on private jets or play polo, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake. “It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere,
Even with the U.S.-China trade war still raging, Chinese stocks are on fire. Increasing trade tensions between the U.S. and China through the back-half of 2018 took a sledgehammer to Chinese shares. Baidu ended the year with a 32 percent loss, while Tencent was down 23 percent, and Alibaba dropped 21 percent. However, the FXI
Oxfam has urged governments to hike tax rates for corporations and the world’s richest to tackle the growing global wealth gap. In a report published Monday, the charity revealed that billionaire fortunes rose by $2.5 billion per day in 2018, increasing 12 percent for the year as the poorest half of the world saw its
British lending start-up MarketInvoice said Monday that it secured £56 million ($72 million) in a mix of equity and debt funding from investors. The London-based financial technology firm lets small-to-medium enterprises sell their unpaid invoices through an online platform to gain access to working capital loans. MarketInvoice said the investment consisted of a £26 million
Jailed former Nissan CEO Carlos Ghosn is staging a new bid to be granted bail, offering to meet greater restrictions and higher guarantees that include posting his Nissan stock as collateral. Since he was arrested on November 21st, Ghosn has been detained in a Japanese jail, and has not been allowed to have direct contact
One potential change to Social Security rules that could reduce that pressure on women: Caregiver credits, according to the Center for Retirement Research. The idea is not new. Caregiver credits are available to citizens of other parts of the world, including the United Kingdom, Sweden and Germany. The credits could work one of two ways,
January has gotten off to a strong start for the stock market, and the last day of trading this week contributed to renewed market optimism with headlines that the U.S. and China are moving closer to resolving their trade differences. The Dow Jones Industrial Average finished with a gain of 336 points on Friday and
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That’s good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an
Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 89 cents per share, according to Refinitiv. Revenue: $9.295 billion. Wealth management: $4.45 billion revenue, according to FactSet Trading: Equities: $2.04 billion. Fixed income: $800 million. Under Chief Executive Officer James Gorman, Morgan Stanley has
Tesla’s 13 percent stock slump on Friday was the biggest of the new year, and the seventh-steepest since the company’s public market debut in 2010. The decline followed an announcement by CEO Elon Musk that Tesla is slashing 7 percent of its full-time jobs as it ramps up production of Model 3 sedans. The last
Last month, Adam Baker worked in a lab as a geologist for the U.S. Department of Interior. Now he’s a server at a brewery. He has the government shutdown to thank for that. When two weeks passed and Baker still wasn’t called back to his desk in Albuquerque, New Mexico, he started searching for jobs.
Tesla shares took a big hit to end the week after CEO Elon Musk announced that the company would cut 7 percent of its workforce in order to cut costs as the company prepares to ramp up production and boost margins as they get closer to releasing the long-awaited $35,000 version of the Model 3.
Early estimates for next year’s Social Security cost-of-living adjustment are in — and they’re nothing to celebrate. In fact, at the rate we’re going, there might not be a cost-of-living adjustment for 2020 at all, according to Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League. The non-profit organization tracks how
I remember it as if it were yesterday. It was the middle of November 2000. Thanksgiving was still a week in the distance but seemingly closer as the enthusiasm for the long weekend began to build, a waystation into a final push to year-end. I dreaded that time of year because, for me and the
Banks’ trading desks ended 2018 with a whimper – and nowhere as much as at Morgan Stanley. The New York-based firm had the worst bond-trading performance among the big five Wall Street investment banks, a precipitous 30 percent decline to $564 million. It was one of the most meager hauls since Morgan Stanley revamped the
The twin ports in Los Angeles and Long Beach are cited by environmental authorities as some of the worst sources for the region’s endemic air pollution, a problem regulators aim to address with a planned phase-out of the 16,000 smoke-spewing diesel trucks that service the shipping centers. What sort of clean technology will replace them
Student loan refinancing companies say they offer borrowers a way to save thousands of dollars on their debt, by allowing them to pay off their loans at a lower interest rate, in less time. The reality can be much different. Recently, the government found that online lender SoFi was misleading consumers on how much they’ll
In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street
Spending on watches, jewelry, boats and other luxury goods could tumble because of the recent stock market jitters, according an analysis from Goldman Sachs. Declines in stock prices since their peak last September could reduce luxury spending by wealthy spenders and shave a half a percent from the gross domestic product in 2019, according to
Disney isn’t launching its new streaming service until later this year, but investors are already learning the economic challenges of the business. The media company said in a filing on Friday that its investment in Hulu was the primary contributor to a $580 million loss in equity investments in the fiscal year that ended Sept.
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