- MarketWatch•2 days ago
Money milestones: This is how your finances should look in your 60s
Larry Marfise, the athletic director at the University of Tampa, was just starting his career when he decided it was important to begin saving for retirement — he saw older people who never got to follow their dreams to travel and enjoy their later years, and he didn’t want that to happen to him. There were times when he had to stretch his income to have food, shelter, clothing, money for his goals as well as retirement savings, but he made it work. Marfise has a point — not everyone is prepared for retirement in their 60s, let alone decades before when they’re at their peak earning years or just starting out in the real world. Near-retirees, for example, had the least amount of money saved for retirement than any other group in a 2015 Wells Fargo survey: Americans 60 and older had about $50,000 stashed away while people 55 to 59 had three times as much.
- Investopedia•2 days ago
If You Invested $100 In Ripple In January 2017, What Would You Have Now?
In the fast-moving world of virtual currencies, it seems there is always at least one currency that's making major moves. Bitcoin and ethereum both saw their values multiply several times over in 2017, largely on the strength of newfound investor interest in the cryptocurrency space, the initial coin offering (ICO) craze, and similar drivers. However, the cryptocurrency with the largest percentage increase in price was ripple (XRP). (See also: How Do I Buy Ripple (XRP) Cryptocurrency?) Though founded in 2012, ripple hovered at just a fraction of one cent per token going into 2017. As of this writing, it is worth more than $3 per token. How much would $100 invested in XRP in early January 2017
- Investopedia•15 hours ago
Top 5 Monthly Dividend Stocks for 2018
Most dividend-paying stocks do so on a quarterly basis, but you can find equities that will pay you each month. If you reinvest dividends, you can grow a position more quickly by buying shares each month. For those who invest in dividend stocks for income
- Bloomberg•2 days ago
Bitcoin Rises as Ripple's Allure Fades for Manic Crypto Traders
The roller coaster that is the cryptocurrency market is alive and well. Ripple, the white-hot cryptocurrency that has more than doubled in the past week, fell as much as 39 percent from the all-high reached yesterday. Bitcoin, which has lost some of its luster as of late to its smaller rival, was up as much as 11 percent Friday. Ripple fell to as low as $2.16 after reaching an all-time high of $3.32 Thursday. The coin was down 16 percent on the day to $2.44 as of 1:12 p.m. in New York. Ripple last week surpassed ether as the world’s second-most valuable cryptocurrency after bitcoin. Coinbase, one of the largest crypto exchanges, said in a Twitter post Thursday by its chief executive officer that
- MarketWatch•yesterday
This person asked the internet if it was necessary to save so much for retirement — the response was surprising
When VintageBurtMacklin, as the Reddit user goes by, asked why everyone is advised to “save so much for retirement” — and if it is really the right move — the commenters of the personal finance thread of the online discussion site responded in full force. Apparently, they have been paying attention to the news of the looming retirement crisis affecting the country. VintageBurtMacklin shared his scenario: he took a new job after welcoming a new baby, and analyzed his budget, keeping in mind the typical advice that retirement savings should be maxed out before moving on to other financial goals, such as paying off a house or saving for college and new cars. “While I understand the importance of
- CNBC Videos•2 days ago
Former Uber CEO Travis Kalanick to sell $1.4 billion in s...
CNBC's Deirdre Bosa reports on former Uber CEO Travis Kalanick planning on selling 29 percent of his stake in the ridesharing company.
The Street•2 hours agoGeneral Electric Is Shockingly One of the Hottest Stocks of 2018
We're only finishing up the first trading week of 2018, and it's already proving eventful. For starters, stocks are following through on 2017's uber-bullish price action. The Dow Jones Industrial Average crossed the 25,000 level for the first time in history this week, and investors are looking to even more upside in the year ahead. But the best-performing Dow component this year may surprise you. It's not last year's high-flyer Boeing Co. (BA) , or tech giant Apple Inc. (AAPL) . It's serial laggard General Electric (GE) . GE is up around 6.3% year-to-date, outperforming the rest of the market in a big way in the early days of 2018. And as GE's chart shows now, this could just be the beginning
- barrons.com•2 days ago
Down, Not Out? Why Costco’s Heading for a Combeback
Shares of Costco (COST) took a tumble on Thursday, following the retailer's December sales update. The shares are down again today, but Tigress Financial argues that there are still gains ahead for the stock. Analyst Ivan Feinseth reiterated a Buy rating on Costco, citing accelerating business performance trends, committed membership base, and value-added shopping experience. Feinsteth writes that Costco is putting up strong same-store sales growth, exceeding expectations despite the challenging backdrop for retail. Moreover, he writes that the fact that Costco can raise its membership fees while still growing the size of its membership base demonstrates how loyal its customers are. As such,
Business Insider•yesterdayThe world is swimming in a record $233 trillion of debt
Global debt levels hit an unprecedented level in the third quarter of 2017, according to the Institute of International Finance. The IIF cautions that this record debt burden could keep global central banks from tightening monetary conditions in the coming months. One possible side effect of this massive debt burden could be a reluctance from central banks to tighten lending conditions, the IIF says.
- The Street•2 hours ago
How the New Tax Law Affects Your Real Estate, Vacation Home
Ask us anything: We're getting questions from readers about the new tax law. While there's a lot still to be learned about the Tax Cuts and Jobs Act of 2017, people are asking about changes to the retirement savings credit and property taxes. No matter your question, we've got answers from some of the nation's top tax and financial planning experts. So, don't be shy. Send your questions about the new tax law to Robert.Powell@TheStreet.com. We'll try to answer and publish as many as we can about how it's going to affect your investments, retirement savings and taxes. Question: I am a real estate agent in Florida. My customers want to understand the tax impact on their second home purchases, specifically
- Zacks•2 days ago
U.S. Service Sector Growth Down in December: ETFs in Focus
The IHS Markit U.S. Services Business Activity Index reflected slower expansion in service activity in the United States, owing to slower increase in new business received by service providers. IHS Markit services PMI came up with a reading of 53.7 in December 2017 compared with 54.5 in November. Coming to factors driving the expansion, rise in new order volumes drove growth in the sector, as favorable market conditions led to an increase in new business activity, albeit at a slower pace.
- Zacks•2 days ago
Facebook is the Best Place for Digital Ads Per Cowen Survey
Facebook Inc. FB is the most preferred medium for digital advertisements, per a latest survey by New York-based investment firm Cowen. The survey conducted on 50 U.S. ad buyers revealed that 41% of the respondents preferred Facebook video for launching a new ad campaign compared to 25% who opted for TV and 10% who went for Alphabet’s GOOGL YouTube. Analysts at Cowen believe Facebook will emerge as the digital ad leader, replacing Google, given the growing popularity of video advertisements and its photo-sharing application, Instagram.
- Yahoo Finance•2 days ago
The jobs report shows just how brutal 2017 was for retail workers
Fewer jobs were created than expected during the month of December with the retail sector, in particular, taking a plunge. Within the retail trade category, the biggest loser was department stores, which dropped 8,200 jobs in December compared to November followed by general merchandise stores, which shed 19,100 jobs versus November. Nearly 8,000 retail stores were closed, according to a list compiled by UBS.
- Bloomberg•2 days ago
Capital One CEO Becomes Billionaire After Stock Hits Record High
Richard Fairbank spent three decades building Capital One Financial Corp. into a credit-card powerhouse, using catchy television ads with celebrities asking viewers “What’s in your wallet?” Today, there’s more than $1 billion in his. Fairbank, 67, among the longest-serving bank CEOs in the U.S., has reaped about $500 million from share sales and cash compensation since 2004. The stock has returned more than 2,200 percent since its 1994 initial public offering, including reinvested dividends, compared with about 650 percent for the S&P 500 Financials Index.
- Bloomberg•2 days ago
IBM, Comcast Ventures Back Fund for Blockchain Business Startups
International Business Machines Corp. and Comcast Corp.’s venture arm will become the largest supporters of an investment fund for startups that help corporations use blockchain, the digital ledger that’s become a hot technology. The startup accelerator, called MState, plans to invest $25,000 to $50,000 apiece in five or six companies over the next six months, co-founder Rob Bailey said in a phone interview. MState, with locations in New York and San Francisco, will also connect its startups with Fortune 500 clients interested in implementing their technologies, said Bailey, who was previously a partner at private equity firm Akkadian Ventures.
- Fox Business Videos•2 days ago
Stocks rally for the Dow’s best first week since 2006
FOX Business’ Charles Payne discusses the Dow Industrial Average’s more than 200 point rally, the third-straight record close for the index.
- Oilprice.com•2 days ago
Canadian Crude Oil Exports Decline On Keystone Pipeline Leaks
Canadian crude oil exports fell 2.4 percent in November as the United States dropped imports from its northern neighbor to 3.26 million barrels per day, according to a new report by Reuters. An 80,000-bpd drop came as the Keystone pipeline was forced to shut down following a leak in South Dakota a couple of months ago. Since then, the TransCanada line has resumed operations, but capacity has been curtailed 20 percent owing to orders by U.S. regulators.
- Zacks•2 days ago
Exelixis Amends Cabozantinib-Tecentriq Phase Ib Trial
Exelixis, Inc. EXEL announced an amendment to the protocol for the phase Ib trial of cabozantinib combined with Roche Holdings’ RHHBY Tecentriq in patients with locally advanced or metastatic solid tumors. The cohorts will include include patients with NSCLC and CRPC, in addition to previously included patients with renal cell carcinoma (RCC) and urothelial carcinoma (UC). The primary objective in the expansion stage of this trial is to determine the objective response rate in each cohort.
- Phoenix Business Journal•2 days ago
Are you getting a Trump tax cut bonus or raise? (See the list then ask your boss)
Are you getting a raise or bonus after passage of big business tax cuts by President Donald Trump and Congress? American Airlines (Nasdaq: AAL), Southwest Airlines (NYSE: LUV) and JetBlue Airways (Nasdaq: JBLU) are among the latest companies offering bonuses or raises to employees after tax breaks were passed late last year by President Donald Trump and Republicans in Congress. Corporate tax rates are being cut from 35 percent down to 21 percent. There are also cuts for small businesses and personal income tax cuts are being crunched down. A number of companies have announced one-time bonuses and employee raises as part of their windfalls from the Trump tax cuts. American and Southwest are the
Reuters•2 days agoMorgan Stanley to take $1.25 billion hit in fourth-quarter from tax bill
The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to the remeasurement of certain net deferred tax assets using the lowered corporate tax rate, the company said in a filing. The sweeping tax code changes enacted in late December cuts the corporate tax rate to 21 percent from 35 percent and were expected to mean short-term pain, but long-term gain for U.S.-based corporations. Morgan Stanley's arch rival Goldman Sachs Group Inc had said on Dec. 29 it expects its fourth-quarter earnings to decrease by about $5 billion due to repatriation tax, the cost of moving money from foreign countries to the U.S., Goldman said in a filing.
Business Insider•2 days agoBitcoin miners are reportedly fleeing China because it is cracking down on cryptocurrencies
Ng Han Guan/AP Two of China's largest bitcoin mining operations are looking to set up shop elsewhere as the country expands its clampdown on cryptocurrencies to mining operations, Bloomberg news reported Friday. Bitmain, which runs two exchanges, has
- MarketWatch•yesterday
Why retiring in America has become less attractive
Getting old in America isn’t what it used to be. In a worldwide study, the U.S. fell to No. 17 (down three spots from last year) in the Natixis Global Asset Management Global Retirement Index. The index ranks 43 mainly developed countries on their ability to offer its citizens a secure retirement. Norway, Switzerland, Iceland and Sweden top the list. Why did the U.S. have such a dismal showing? The U.S. took hits in income equality, health care spending and life expectancy. While America may have the fifth-highest income per capita, we have the sixth lowest score for income equality, suggesting that retirement saving is difficult for average workers. Our life expectancy fell, yet we spend the
- U.S.News & World Report•2 days ago
The Situation Is Getting Desperate For Sears Holding Corp (SHLD)
Sears Holdings Corp (Nasdaq: SHLD) is closing another 103 stores in an effort to keep its business alive in an increasingly difficult environment for department store retailers. The store closings are part of Sears' multi-year cost-cutting efforts, but the company's core business continues to deteriorate. In a statement, Sears says it will close 64 Kmart stores and 39 Sears stores by April.
Business Insider•2 days agoRipple’s XRP hits an all-time high, sending cofounder's wealth soaring
XRP, a cryptocurrency by Ripple, reached new highs on Thursday. The massive jump in value — up more than 1300% since December — has made multimillionaires out of the lucky few who own massive amounts of the cryptocurrency. Chris Larsen, who cofounded Ripple Labs (now just known as Ripple) in 2012, owns 5.19 billion XRP, or 13% of the total XRP in circulation, the company told Business Insider on Tuesday.
Associated Press•2 days agoYour paycheck may be going up soon because of tax cuts
The $1.5 trillion package provides generous tax cuts for corporations and the wealthiest Americans, and more modest reductions for middle- and low-income individuals and families. Deflecting criticism of the deeply unpopular legislation, they insisted Americans will come to love the new tax law when they see their heftier paychecks this year — with less money withheld in anticipation of lower income taxes. "In February, look at your paychecks, because you'll see the tax relief we delivered," said Rep. Kevin Brady, head of the tax-writing House Ways and Means Committee.
