Retirement planning today is not what it used to be. Decades ago, retirees could simply shift their investments into fixed income, which historically paid higher rates of interest. Today, those same investments likely pay very little. Complicating matters further, we’re all living much longer, so we need to be careful we don’t outlive our money.
Many people are hesitant to invest in the stock market, because they consider it similar to gambling. With volatility on the rise in our current climate, even investors are pausing to consider the risk they are taking with their investments. The idea of losing more than they can afford to before their retirement is at
Check out the companies making headlines before the bell: AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the
Small business optimism rose in May to its highest in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Businesses said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in real sales reached their highest
Tesla is making significant progress in ramping up production of its Model 3 electric car, according to one Wall Street firm. KeyBanc Capital Markets significantly raised its second-quarter Model 3 delivery estimate to 30,000 from 20,000, citing its conversations with Tesla dealers. “Our checks with sales centers indicate Model 3 deliveries are tracking ~50% higher
The price of bitcoin may sink even lower, cryptocurrency trader Ran Neu-Ner says. “We keep going down, and we’re testing new lows,” Neu-Ner said Monday of the cryptocurrency market on CNBC’s “Fast Money.” “Sixty-two-fifty is the next point,” said Neu-Ner, who is host of CNBC Africa’s “Crypto Trader.” “If it goes under that, we’re going
U.S.-based firm Valve partnered with Chinese developer Perfect World to launch its popular online PC games store Steam in China. The company, known for popular titles like “Half-Life” and “Left 4 Dead,” announced Monday that it will establish a new company called Steam China to bring its games and other products to the world’s second-largest
Just as investors have grown accustomed to bigger market swings, one strategist says we should return to calmer trading in the back half of 2018. Jonathan Golub, U.S. equity strategist at Credit Suisse, expects a situation reminiscent of 2017, one of the smoothest periods of trading in Wall Street history. He anticipates this even as
Exxon Mobil is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and people familiar with the business. The development is a sea change for a company that has stood out from rivals by limiting its past activity out of
Cisco shares will thrive due to its pivot to a more recurring revenue business model, according to one top Wall Street firm. J.P. Morgan reiterated its overweight rating for Cisco’s stock, predicting the company’s recently announced mandatory subscription offering for networking switches will boost its profits. The firm has a “favorable outlook for Cisco’s positioning
With hurricane season under way, home buyers who plan to get flood insurance through the federal government might want to speed up their purchasing process. Unless Congress takes action, the National Flood Insurance Program will lapse at midnight on July 31. While existing policy holders would retain coverage if the program is not reauthorized, no
Sports teams and musicians can now sell tickets directly to fans through their Snapchat Stories thanks to an integration with SeatGeek. The New York-based ticket-search engine is working with Snap Inc. to enable ticket buying through the Venice, California, company’s signature app. The integration is the first ticket-buying experience in Snapchat and one of the
It’s getting harder and harder to obtain a college degree without debt — but not impossible. The average outstanding student loan tab is $34,144, up 62 percent over the last decade, according to a report by Experian. Altogether, college-loan balances in the United States have reached a record $1.5 trillion, according to a separate report
Warren Buffett is finally getting closure on a long-held investment he recently called disappointing. USG agreed to a $7 billion buyout by Germany’s Knauf after Buffett’s Berkshire Hathaway threw its support behind a shareholder uprising. Berkshire is USG’s biggest shareholder, with a stake of 31 percent, and had said earlier this year it would vote
Many retirees struggle with one big question when deciding when to claim Social Security benefits: Will the system be there for me in retirement? News last week from the Social Security Administration potentially stoked those fears. In an annual report, the Social Security Board of Trustees said the trust funds that help support the system
So you failed to take a required minimum distribution from your individual retirement account. Now you’re staring at a 50 percent penalty on the money you should have withdrawn after turning age 70½. But don’t just accept the penalty, say personal financial advisors. You may be able to get the IRS to forgive your mistake.
Many people do not anticipate receiving an inheritance, or know what to do with it when they receive it. The amount of the inheritance may even be a surprise. If you’ve recently received an inheritance, it’s probably not under the best circumstances. Dealing with paperwork regarding financial and legal issues are usually not a priority
For most aging Americans, there is no place like home. Sure, some people plan to spend their retirement in a new country, or even at sea. The vast majority of Americans, though, plan to age in place. Three-quarters of those who are ages 50 to 64 say they want to spend their golden years in
Uber and Lyft each want to be the all-encompassing transportation platform of the future, shepherding people around the world through whatever means is best suited — and the ride-hailing firms are getting close. Uber CEO Dara Khosrowshahi told CNBC last week the company wanted to be “the A-to-B platform for transportation.” Khosrowshahi said he wants
Technology-home-design hybrid Houzz is using augmented reality to help consumers visualize furniture and decor in their home — and it’s paying off in droves. In an interview with CNBC, Houzz CEO Adi Tatarko, who founded the online platform with her husband Alon Cohen in 2009, said that users of Houzz’s new 3D app are 11
John Lasseter, the animation titan who has been on leave from the Walt Disney Company since November because of what he called “missteps” that made some staff members feel “disrespected and uncomfortable,” will not return to the conglomerate. Disney said on Friday that Mr. Lasseter — the co-founder of Pixar Animation Studios who has long
The shocking deaths of iconic fashion designer Kate Spade, 55, and gifted chef and storyteller Anthony Bourdain, 61, are spurring important discussions about mental health. They are also a chilling reminder that a sudden death can affect any family. A number of the leading causes of death in the United States are events that could
New technologies for diabetes treatment are becoming essential for those who suffer from the disease, according to J.P. Morgan, and that could make companies such as Dexcom compelling investment opportunities. “The diabetes space is currently experiencing its biggest technological wave of innovation from glucose measurement (continuous glucose monitoring) to insulin dosing (insulin pumps),” analyst Robbie
President Donald Trump says he’s inclined to support a bipartisan effort in Congress to ease the U.S. ban on marijuana. Asked Friday about a proposed bill that would reshape the nation’s approach to pot, Trump said he would “probably end up supporting that.” The federal ban has created a conflict with more than two dozen
On the final day in his insurance job last week after 14 years in the sector, Donnie wore a T-shirt emblazoned with a rocket logo, the symbol for bitcoin, and the slogan “to the moon”. The phrase, one that characterises the fervour espoused by bitcoin enthusiasts who say its price knows no bounds, was fitting.
Dialog Semiconductor, which supplies power management chips for Apple‘s iPhone, is in talks to acquire Synaptics, the maker of touch-screen and display technology used in mobile devices, according to a person familiar with the matter. Bloomberg previously reported the talks. Dialog, which has a market capitalization of about $1.1 billion, is smaller than Synaptics, whose
SpaceX is looking to build several new facilities at NASA’s historic Kennedy Space Center in Florida, including a state of the art launch control center and a massive processing facility for its rockets, according to environmental impact documents filed to NASA in April. Florida Today first reported the news Friday. The documents reveal Elon Musk’s
If you still haven’t filed your 2017 federal tax return after missing the April 18 deadline and you owe Uncle Sam, here’s another date you should be aware of: June 14. After that day, most taxpayers who are in that boat will face a minimum penalty of $210. “You can avoid some penalties by at
EU antitrust regulators are set to approve U.S. cable company Comcast’s bid for European pay-TV company Sky without demanding concessions, two people familiar with the matter said on Friday. Comcast is battling Rupert Murdoch’s Twenty-First Century Fox for Sky. The media mogul’s bid to buy all of Sky has been delayed by politicians and regulators
Warning signs in today’s tech sector are reminiscent of the dotcom boom of the late 1990s that eventually went bust, market veteran Jim Paulsen told CNBC on Friday. The current “character and attitude of the marketplace” are similar to the belief then that “tech can’t lose,” said the chief investment strategist at The Leuthold Group.