Homeland Security Secretary Janet Napolitano says housing is the number one concern for New York City as it recovers from Superstorm Sandy. (Nov. 12)
European Union nations bracing for the looming Donald Trump presidency showed defiance Monday in the face of the president-elect's stinging comments on everything from NATO and German cars to the crumbling of the EU itself. Trump also said Britain's decision to leave the 28-nation European Union would "end up being a great thing," and he predicted that other countries would also leave.
Tax season is almost here, and if you're like most taxpayers, you'll soon be looking high and low for ways to pay less to Uncle Sam -- or to get a bigger refund. One way that most Americans can cut their tax bill and take a step forward in saving for retirement is to contribute to a traditional IRA. Indeed, the average taxpayer who took advantage of this tax break got a deduction of nearly $5,000. Yet only a tiny fraction of those who are eligible actually make those deductible contributions. Let's look more closely at deducting contributions to traditional IRAs to see whether you could benefit from doing so. Why a traditional IRA contribution is a smart move The most common reason why people
The eight tycoons' net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activists Oxfam in a report highlighting income inequality. Gates co-founded Microsoft in the mid-70s, growing it into the world's biggest software company and helping to make computers a household item. The richest person in Europe, Ortega opened the first Zara fashion shop in 1975.
FRANKFURT/BERLIN (Reuters) - U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview with German newspaper Bild, published on Monday, Trump criticized German carmakers such as BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) for failing to produce more cars on U.S. soil.
The outgoing director of the Central Intelligence Agency, John Brennan, had strong words for President-elect Donald Trump on Sunday, just days after the incoming commander in chief compared the US Intelligence Community to Nazis and repeatedly suggested that the CIA and others were actively working against him. In an interview with Fox News Sunday host Chris Wallace, Brennan suggested that Trump has much to learn about the dangers facing the country, and said he hopes that the next president will focus less on defending himself from slights on social media and more on the threats that the Intelligence Community is working to combat. “What I think Mr. Trump has to understand is that this is more than being about him, and it's about the United States and our national security,” Brennan said.
Experts think that even if Marijuana gets Schedule 2 status, things won’t be too easy for companies dealing in it, as they would come under the control of the FDA, which would control the THC content (the psychoactive component of marijuana) in their batches, along with putting in other restrictions. Donald Trump’s nomination of Senator Jefferson Sessions for the post of attorney general has made the future of marijuana legalization in the country even more blurry, because the Senator has a history of loathing pot. During a floor speech in 2016, Sessions criticized Barack Obama’s frank mentions of pot in public, and said that states in which Marijuana is legal are already facing a “disturbance”.
If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. In that time, investors have purchased 250,000 VIX call options with a strike price at 21, and another 100,000 with the strike at 22, according to Brian Bier, head of sales and trading at Macro Risk Advisors, an options brokerage. The options cost roughly 49 cents per contract, Bier said. By comparison, the CBOE Volatility Index VIX, -2.69% was at 11.16 in midday trading
Any number of unexpected financial roadblocks can make setting aside extra money every year for retirement tough. While everyone's situation is different, it can be helpful to educate yourself about how peers are saving, especially if it leads you to
The top priority for the 49ers is to have a GM and head coach that are on the same page. With Josh McDaniels and Kyle Shanahan emerging as the top candidates, who will get the job?
As the incoming Trump administration over the weekend reaffirmed its commitment to simultaneously repeal and replace the Affordable Care Act, Republican Sen. Rand Paul of Kentucky got an early jump in promoting his vision of a suitable – but relatively threadbare – replacement. During an appearance Sunday on CNN, Paul unveiled the broad outlines of his plan that contains a number of measures favored by House Speaker Paul Ryan (R-WI) and Rep. Tom Price (R-GA), the nominee to become the next secretary of Health and Human Services.
In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, in an influence-peddling scandal that has toppled the country's president. It will surprise many that prosecutors requested the arrest of the man who symbolizes the future of South Korea's most important chaebol, as family-controlled conglomerates are known. Samsung Electronics is South Korea's most successful company and a source of pride for many who equate its huge global success with national prestige.
In case you needed one more way — or reason — to buy things from Amazon, here it is. The retailer AMZN, +0.43% on Wednesday announced its new Amazon Prime Rewards Visa Signature credit card, which will offer 5% back to customers who are members of Amazon Prime, which itself costs $99 per year to join. It also offers 2% back at restaurants, gas stations and drugstores and 1% back on all other purchases. There is no cap on the amount of rewards cardholders can earn. It is a Visa card V, -0.25% issued through Chase JPM, +0.53% The card has no annual fee and does not charge foreign transaction fees, and charges 14.74% to 22.74% annual percentage rate on unpaid balances versus the average credit
Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year. The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut production by 1.2 million barrels per day (bpd) to 32.5 million bpd from Jan. 1 in an attempt to clear a global oversupply that has depressed prices for more than two years. Russia and other key exporters outside OPEC have said they will also cut output.
Experts, including some pioneers of the 401(k) savings plans , worry that the current retirement system is not working for many Americans. More than half of workers — roughly 55 million — don't have access to a retirement plan on the job and 29 percent of households with members age 55 and older don't have a nest egg or a traditional pension plan. Perhaps a guaranteed mandate would work better, according to an odd couple of retirement system reformers.
Consider the math: According to Bankrate.com, the highest yield you can expect from a money market account right now is 1.26%. There's no denying that the stock market can take you on a bumpy ride, so your fears are understandable. Savings earmarked for retirement are particularly well suited for the stock market.
Shares of Ford Motor Company (F) will begin trading ex-dividend on Wednesday, Jan. 18. To qualify for a dividend check, investors must have owned Ford shares prior to Wednesday, which is the day the company's management will finalize its roster of shareholders to whom it will mail payments. Ford stock closed Friday at $12.63, up 0.52%. The shares have risen 4.12% year to date and posted 6.05% returns over the past three months. This compares with a 1.6% year-to-date rise in the S&P 500 (SPX) index. Ford stock has risen 3.52% over the past 12 months, while the S&P 500 has risen 18%. (See also: General Motors vs. Ford: Which Is the Better Buy?) In its fiscal third quarter earnings results, reported
Over the past five years, stock analysts have challenged JPMorgan Chase & Co (JPM.N) executives for keeping so many branches open as customers did more and more banking online. JPMorgan has grown deposits over the last five years faster than major competitors and twice as fast as the industry, according to analysts at Bernstein Research. Deposits in the Chase consumer bank grew in 2016 by 11 percent, or some $61 billion, the bank said when reporting quarterly results last week.
Johnny Depp sued his former business managers on Friday alleging they mismanaged his earnings throughout a lucrative period of his career, although the company says the actor's spending is to blame.
Vanguard Equity-Income Investor (VEIPX) a Zacks Rank #1 (Strong Buy) seek high level of dividend income and long-term growth of income and capital. The fund invests in a diversified group of large and mid-capitalization stocks with above average dividend
ThinkstockIn 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns. So the odds are generally pretty low that your return will be picked for review. That said, your chances of being audited
The fourth-quarter earnings season is in its nascent stage with 29 S&P 500 participants having reported results so far according to our latest Earnings Preview report. The season has started on a strong note, courtesy of earnings beats from the big names
Sears Holdings Corp. is using everything in its arsenal to stay afloat, but that still won’t be enough if the company can’t make its brand more relevant and generate sales, experts say. Last week, Sears SHLD, -0.79% announced it had sold its Craftsman tool brand for $900 million to Stanley Black & Decker Inc. SWK, +0.48% the latest move in an effort to keep the business going. See also: Sears sells Craftsman brand, unveils plans to close 150 stores to boost liquidity The sale came after Sears announced a new credit facility with funds run by Chief Executive Eddie Lampert of up to $500 million, secured by mortgages on 46 real estate properties. That facility came a week after it said it had secured
Eight men own the same wealth as the poorest half of the world's population, a level of inequality which "threatens to pull our societies apart", Oxfam said on Monday ahead of the World Economic Forum opening in Davos. Picked from Forbes' billionaires list, they include Microsoft founder Bill Gates, Mark Zuckerberg who co-founded Facebook, and Jeff Bezos, founder of Amazon. Oxfam pointed to a link between the vast gap between rich and poor and growing discontent with mainstream politics around the world.
The world's eight richest individuals have as much wealth as the 3.6bn people who make up the poorest half of the world, according to Oxfam. The charity said its figures, which critics have queried, came from improved data, and the gap between rich and poor was "far greater than feared". Oxfam's report coincides with the start of the World Economic Forum in Davos. Mark Littlewood, of the Institute of Economic Affairs, said Oxfam should focus instead on ways to boost growth. "As an 'anti-poverty' charity, Oxfam seems to be strangely preoccupied with the rich," said the director-general of the free market think tank. For those concerned with "eradicating absolute poverty completely", the focus
Most retirement advice has a flaw: It's being given by people who haven't yet retired. A central retirement decision is when to do it. Working longer can reduce the odds of running out of money, but delaying retirement too long could mean missing out on the good health or companionship to fully enjoy it.