Country rock duo Shovels & Rope have been traveling the country to promote their album, "O' Be Joyful," and have been picking up fans and awards along the way. (Sept. 20)
iStockWhen it comes to building a retirement portfolio, your first steps should be to make sure it's diversified and isn't too risky. Beyond that, it's about finding a mix of stocks and bonds that
Retirement is a major milestone that brings many life changes. According to the Transamerica Center for Retirement Studies, the most frequently reported retirement worry is outliving savings and investments. Across all ages, 51% of respondents cited this concern, and 41% of retirees claim the same fear.
"Never bet against America." That's what Warren Buffett recently told CNBC when he was asked about incoming President Donald Trump, and what his expectations are for the stock market under the new administration. Buffett's thoughts on how to invest while Trump is in office are simple -- keep the long haul in mind. Buffett thinks America will be just fine Buffett once remarked that a big reason he loves Coca-Cola as an investment is because a "ham sandwich" could run the company. In other words, the wonderful business that is Coca-Cola is bigger than any one person. It seems that Buffett has similar feelings about the United States. While Buffett was an outspoken Hillary Clinton supporter during
This story was delivered to BI Intelligence "Payments Briefing" subscribers. In its Q4 and full-year 2016 earnings release, Amex announced results that fell short of analyst expectations, but still pointed in a promising direction. Any upward trend is critical for Amex, which has struggled in a number of key areas over the past several quarters — largely as a result of the sale of its Costco co-branded card portfolio last year.
Last Friday, with his swearing-in as president of the United States, Donald Trump joined one of the most exclusive clubs in the world. At the same time that he become one of a handful of living people ever to sit in the Oval Office, he effectively inducted his entire family and all of his close associates into a different club, somewhat less exclusive and far less prestigious. As of Friday, the entire Trump family became what is known in international financial and law enforcement circles as “politically exposed persons,” or PEPs.
Jan.22 -- President Trump has made no secret of his opinion on China, accusing it of currency manipulation throughout his election campaign. But, he's not the first president to take issue with Beijing on this matter. Bloomberg's Enda Curran reports on "Bloomberg Daybreak: Asia."
A U.S. judge blocked on Monday health insurer Aetna Inc's proposed $34 billion acquisition of smaller peer Humana Inc, raising the stakes for rival Anthem Inc as it battles to clear a $54 billion deal to buy Cigna Corp. The ruling is the latest sign of antitrust authorities having grown more assertive under U.S. President Barack Obama, whose term ended last week.
At the same time, millions of Americans marched in Washington and scores of cities across the country to protest Trump’s election and policies that threaten women’s rights, illegal immigrants, health care coverage for more than 20 million people, and long-standing international alliances. The day’s events were both breathtaking and alarming, as Trump and his new White House press secretary, Sean Spicer, appeared unhinged at times as they clashed with reporters and bitterly complained that the media had vastly understated the size of the crowd on hand for Trump’s swearing in ceremony. The White House also complained about what proved to be an inaccurate tweet by a Time Magazine reporter that Trump had removed a bust of Martin Luther King Jr. from the Oval Office.
Macy's, Sears, Target, Kohl's, and JCPenney are among the many companies that have reported lackluster sales during the critical holiday period. In the wake of the disappointing season, Macy's and Sears are now collectively closing more than 200 stores, and analysts say JCPenney could shut down as many as 300 stores within the next couple years. Target has slashed its fourth-quarter sales and earnings outlook and the mall-based retailer The Limited just shut down all 200 of its stores.
If you don’t know what a health savings account is, it’s time to find out. A key tenet of President-elect Donald Trump’s stated health-care plan is to expand access to these savings accounts, but there’s already a growing trend among employers to move employees to high-deductible insurance plans.
Jack Ma, the billionaire chairman of China e-commerce leader Alibaba Group, made waves in Davos this week when he criticized the U.S. for spending $14.2 trillion in the past 30 years on 13 overseas wars instead of putting part of those funds into America’s own infrastructure. It turns out Ma isn’t the only prominent Chinese billionaire who believes that. Zong Qinghou, the chairman of beverage maker Wahaha and formerly China’s richest man, said in an interview with Forbes China on Saturday that he agrees with Ma’s argument. Zong went on to say countries that once had the money to pay for military cooperation with the U.S. are today finding it harder to come up with resources. The U.S., as one
London (AFP) - The dollar retreated Monday, with warnings of wild volatility ahead, as Donald Trump began his presidency by attacking global trade deals and promising to put America first.With trading floors ravaged by uncertainty over the US leader's
American workers who are eligible for benefits can claim Social Security as early as age 62, although full retirement age isn't until at least 66. The most common age at which people file for their Social Security retirement benefit -- you guessed it -- 62. It's easy to see why many people want that money as soon as possible, but for some retirees, it pays to wait. Here's what you need to know about claiming Social Security early, and whether or not it could be the right move for you. Most people claim early More than half of all Americans claim Social Security before their full retirement age, according to a report by the Center for Retirement Research at Boston College, and the most popular
Jan.22 -- Now that Donald Trump is in the White House, the world's biggest companies are trying to gauge the likelihood of a U.S. trade war with China. If the tension escalates, there could be losers on both sides. Bloomberg's Jeanny Yu reports on "Bloomberg Markets."
Donald Trump says he will not delay "making America great again" - and the new US president has already begun unpicking some of his predecessor's policies, including Barack Obama's signature healthcare system. So some quickfire changes to economic policy could well be in the pipeline. On the campaign trail, the rhetoric was passionate. So, now that Mr Trump is in the Oval Office, what are we likely to see? Deregulation Barely had the inauguration ended than White House Chief of Staff Reince Priebus called a halt to the introduction of any new regulations. That sounds like a bold move to cut red tape and, during the election, Mr Trump did promise to cut back the regulatory burden on business.
A new Consumer Financial Protection Bureau report found that more than one in four consumers felt threatened when contacted by debt collectors. The first-ever national survey of consumer experiences with debt collectors found consumers often faced calls that came too often, at odd hours and contained warnings of jail time and other threats. CFPB Director Rich Cordray said the report casts a "troubling light" on the industry, and that the bureau is working to stop abuses.
21.7%: that's how much the big S&P 500 index has handed investors from a total returns standpoint in the past 12 months, basically doubling 2016's return by just sitting out the correction in the first couple weeks of last year. That breakneck performance also pretty much guarantees that anyone who's been long stocks as an asset class is better off than they were a year ago. As I write, the S&P is hovering just below its all-time highs, positioning that bodes well for the broad market--when stocks are hitting highs, it creates a psychological positive feedback loop for stocks, begetting even more highs. Put simply, the wind is at Mr. Market's back right now. But while a rising tide is likely
The world's biggest smartphone maker Samsung blamed faulty batteries on Monday for the fires that hit its flagship Galaxy Note 7 device last year, as it sought to draw a line under the humiliating recall. Samsung Electronics was forced to discontinue the smartphone, originally intended to compete with Apple's iPhone, after a chaotic recall that saw replacement devices also catching fire. The debacle cost the South Korean company billions in lost profit and reputational damage, during a torrid period when it has also been embroiled in a corruption scandal that has seen President Park Geun-Hye impeached.
President Donald Trump moved Monday to pull the United States out of the Trans-Pacific Partnership, making good on a pledge to scrap a deal he denounced as a "job killer" and a "rape" of US interests. Embarking on his first full week in office, the 45th US president began rolling out his policy agenda after a tumultuous first weekend for his administration by signing a series of executive orders. Among the first was a memo on withdrawing from the vast TPP trade pact, which aimed to set trade rules for the 21st century and bind US allies against growing Chinese economic clout.
HOUSTON (AP) _ Halliburton Co. (HAL) on Monday reported a loss of $149 million in its fourth quarter. On a per-share basis, the Houston-based company said it had a loss of 17 cents. Earnings, adjusted for one-time
By Sijia Jiang HONG KONG (Reuters) - China is reinforcing its censorship of the internet with a campaign to crack down on unauthorised connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall. The Ministry of Industry and Information Technology said in a notice on its website on Sunday that it is launching a nationwide clean-up campaign aimed at internet service provider (ISP), internet data centre (IDC), and content delivery network (CDN) companies. It ordered checks for companies operating without government licenses or beyond the scope of licenses.
To fight what it called a "grave threat" to the country, a watchdog group on Monday filed a lawsuit alleging that President Donald Trump is violating the Constitution by allowing his business to accept payments from foreign governments. The lawsuit claims that Trump is violating a clause in the Constitution that prohibits him from receiving money from diplomats for stays at his hotels or foreign governments for leases of office space in his buildings. The language in the clause is disputed by legal experts, and some think the suit will fail, but it signaled the start of a legal assault by Trump critics on what they see as unprecedented conflicts between his business and the presidency.
The fee is for processing a qualified domestic relations order to transfer assets in a defined-contribution account. Some employers don't charge separately for the QDRO—the fee may be built into the plan's costs and, ultimately, spread across all your colleagues.
Alibaba is set to announce results for its December quarter early Tuesday morning before the market opens, followed by a conference call at 7:30 a.m. EST. Besides earnings, Alibaba is currently faced with the constant and strident negativity regarding Chinese companies in addition to President Donald Trump’s anti-China trade rhetoric. On the earnings front, Alibaba is expected to report earnings of $1.13 per share on revenues of $7.3 billion for the December quarter. For the current quarter ending in March, the Street expects earnings of $0.67 per share on revenues of $5.2 billion. Alibaba should not have a problem beating estimates for the December quarter and guidance going forward should not
Trump formally withdraws the United States from the Trans-Pacific Partnership trade deal, distancing America from its Asian allies as China's influence in the region rises. Japanese Prime Minister Shinzo Abe, saying Trump understands the value of free trade, vows to keep pitching the TPP. A top Trump adviser will meet this week with advisers to Canadian Prime Minister Justin Trudeau, whose Liberal government is gathering to plan a response to a possible renegotiation of the North American Free Trade Agreement.