Investing

President Donald Trump can’t blame Jerome Powell for a bad stock market now that the Federal Reserve chairman has appeared to walk back his comments on interest rate hikes, Wharton School finance professor Jeremy Siegel told CNBC on Friday. The pressure is on Trump “more than ever” to reach a trade agreement with China as
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One Wall Street firm is concerned that rising washing machine prices as a result of the Trump administration’s tariffs are weighing on Whirlpool’s unit sales. Credit Suisse downgraded the home appliance manufacturer to neutral from outperform on Wednesday, citing a decline in shipments as reported by an industry trade organization. While manufacturers have marked up
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Republicans and the Trump administration have failed to scrutinize the financial services industry and that needs to change, said Rep. Maxine Waters, D-Calif. “For the last two years, Republicans in Congress have served as accomplices to Trump and have completely neglected Congress’ oversight responsibilities, enabling corruption and destructive policies to run rampant,” Waters said, according
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Doing good is its own reward. Reaping the tax benefits is a nice perk. Charitable donations generally kick into high gear on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. #GivingTuesday raised $300 million last year, according to GivingTuesday.org – although it remains to be seen whether this
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The market rally may mean the beginning of a move back higher for stocks, veteran trader Jack Bouroudjian told CNBC. U.S. equities moved higher on Monday, after suffering their worst Thanksgiving week since 2011. Bouroudjian, chief economist and co-founder of UCX, said the market action felt slightly different on Monday. “We didn’t see that large
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Nothing will kill your holiday cheer like good, old identity theft. Shoppers are expected to spend a record $7.8 billion this Cyber Monday, up over 17 percent from last year, according to estimates from Adobe Insights. At the same time, attacks against consumers spike during the busy online shopping holiday, according to OpenVPN, a provider
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Morgan Stanley’s equity strategist who foresaw the recent sell-off in U.S. stocks sees a lackluster year ahead, marred by underwhelming corporate earnings and tougher financial conditions. Mike Wilson, chief equity strategist at Morgan Stanley, said in a note that he “sees more of the same” stagnant performance from the major indexes in 2019 and forecasts
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Parents often open savings accounts for their children. Few think of starting a retirement account for a 10-year-old. The idea isn’t so farfetched. Any parent, grandparent, aunt, uncle or family friend can open a Roth individual retirement account to help a child invest for the future. Think money from tutoring, babysitting, mowing lawns or even
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