Americans gave a record $410 billion to charity last year, driven by a soaring stock market, strong economy and a charged political environment. Total giving was up 5 percent in 2017, according to the Giving USA annual report. Giving by individuals represented 70 percent of all contributions, although donations by foundations, bequests and companies also
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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.
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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
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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
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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
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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
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