Dan Colarusso, Reuters; Stephanie Mehta, Fortune Magazine; and Joe Weisenthal, Business Insider, discuss whether the Fed is driving the markets to new highs.
Ford Motor Co. is going ahead with plans to move small-car production from the U.S. to Mexico despite recent threats from President-elect Donald Trump. CEO Mark Fields tells The Associated Press that Ford's plan to move production of the Focus from Michigan to Mexico will proceed, in part because U.S. consumers demand low prices for small cars. He stressed that no U.S. jobs will be lost, since the Michigan plant will make two new vehicles. In a series of tweets Sunday, Trump reiterated a threat to impose a 35-percent tariff on companies that build new plants abroad and sell products back to the U.S. Fields says tariffs would hurt the auto industry. But he says he's optimistic that Trump supports
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
Retirement investing is not what it used to be. The problem with the Federal Reserve's attempt to goose the economy is that it killed bond yields, forcing retired investors further out onto the risk curve, making it difficult to find safe stocks to buy. When it comes to retirement stocks, I have very firm requirements, which I'll describe in detail when I launch my stock advisory newsletter, The Liberty Portfolio, early next year.
Rolls-Royce said its new Trent engine has powered a Boeing 787 Dreamliner in the air for the first time during a flight from Boeing Field Wednesday. The Trent 1000 TEN engine – TEN stands for thrust, efficiency and new technology – has been picked to power the first test flight of the Boeing 787-10 version of the Dreamliner next year, Rolls Royce North America spokesman Joel Reuter said. Wednesday's test flight took a Boeing 787-8 to an altitude of 43,000 feet and speeds near Mach 0.85 (Mach 1 is the speed of sound). Tests included in-flight restart performance and engine handling, Rolls-Royce said in a statement. The Trent 1000 powered the first Dreamliner 787-8 into service in 2011 and the
Apple could be the electronics retailer most exposed to a troubling retail trend, according to JPMorgan. Fewer cars have been parked at U.S. retailers over the past month than over the same period last year, according to satellite imagery of parking lots analyzed by Orbital Insight and JPMorgan. Because Apple does so much of its annual business over the holidays, lukewarm consumer demand would impact Apple more than other hardware makers, JPMorgan analyst Rod Hall told CNBC's "Power Lunch" on Friday. "It's possible that consumer trend will recover and get better as the year wears on here, but if it were to be weak, that would negatively affect Apple," Hall said. "We're not saying this is the
Sears reported mounting losses on Thursday and acknowledged that the company has "fallen short" of expectations for a recovery. Same-store sales dropped 7.4%, including a 10% decrease at Sears stores and a 4.4% decrease at Kmart stores. Sears' cash and equivalents fell 12% to $258 million in the period.
The top court in China has ruled in favour of former Chicago Bulls player Michael Jordan, allowing him the rights to the Chinese version of his name. Jordan in 2012 filed the lawsuit against Qiaodan Sports, saying the company had built its business around his Chinese name and his jersey number 23 without his permission. In his lawsuit, Jordan's lawyers argued that the company had damaged his legal rights to his name and asked that its trademark registrations be removed.
Marco Cristofori | Robert Harding World Imagery | Getty Images What a week for the markets. As of Friday afternoon, the S&P 500, the Dow Jones industrial average and the Nasdaq composite have all notched gains for five days straight, from Monday through Friday. The last day that the three major indexes have logged such a streak was in 2011, in the week of Sept. 12 — coincidentally, also from a Monday to a Friday. Before that, the three indexes rose each day of a full week just a few months earlier, from June 27 to July 1. This time around, the coincident one-week runups to record highs come as part of a big post-election rally. "Momentum wins," summed up Michael Block, chief strategist at Rhino
Conventional wisdom dispensed by financial planners about taking Social Security largely boils down to this: Wait as long as you can. Forty-eight percent of women and 42 percent of men who claimed benefits in 2013 did so at 62, which is the most popular age to start getting Social Security. Part of the reason is that, in some circumstances, waiting simply doesn’t make sense, “The decision on when to start Social Security depends on factors such as how long you expect to live, cash flow needs and marital status,” says Daniel Galli, a certified financial planner in Norwell, Massachusetts.
U.S. home values rose again in October, and a handful of states reported increases exceeded the national average. Housing prices increased 6.7 percent in October compared to the same month a year ago, according to the latest figures from CoreLogic. Home
Are you behind on saving for retirement? Even if you don’t know what counts as "behind," you're likely to need to step up your efforts to build your nest egg. A June 2015 Government Accountability Office analysis found that that average Americans between the ages of 55 and 64 have accrued about $104,000 in retirement savings. Sound like a lot? Not when you realize that sum would translate into a $310 monthly payment if your money were invested in a lifetime annuity. Even if you're far from that age bracket, let this serve as a wake up call. You don’t want to stop working without enough money to live on. And what better time than the beginning of a new year to make a resolution that you’re going
General Electric Co. GE, +0.40% said Friday that it raised its quarterly dividend by 4.3% to 24 cents a share from 23 cents a share. The new dividend will be payable Jan. 25 to shareholders of record on Dec. 27. At the current stock price of $31.59, up 0.2%, the new annual dividend rate implies a dividend yield of 3.10%, compared with the aggregate dividend yield for the Dow Jones Industrial Average DJIA, +0.31% of 2.34%. "We have a disciplined capital allocation strategy with a plan to return approximately $30 billion of cash to shareholders this year," said Chief Executive Jeff Immelt. "This dividend increase is in line with our multi-year capital allocation framework to have a dividend payout
Is it harassment to ask someone out after a job interview? Katarina Batina, who is a design lead at Artsy, a resource for art collecting and education, according to her Twitter account, recently tweeted a message she received from a potential employee.
A company with a history of oil field-related spills in North Dakota and Montana is being hampered by winter weather in its cleanup of a "significant" pipeline break that leaked crude oil into a tributary of the Little Missouri River in western North Dakota, a regulator said Thursday. Bill Suess, an environmental scientist with the North Dakota Health Department, said the Belle Fourche Pipeline Co. spill was discovered Monday by a landowner near Belfield. The cause of the leak is under investigation and the amount of the spill is unknown, in part because of recent blizzards and subzero temperatures throughout North Dakota, he said. The spill in the creek is about 20 miles upstream of the Little Missouri River.
With policies turning away from regulatory creep on big business, and toward pro-business initiatives, Lee said investors should look at banks (NYSE Arca: XLF), energy (NYSE Arca: XLE), tech (NYSE Arca: XLK) and telecoms (NYSE Arca: XTL). While the technology sector has not performed well in the past couple of months — the sector ETF XLK (NYSE Arca: XLK) is up less than 1 percent this quarter — Lee said historical patterns may hold optimistic signals.
Dec.08 -- Taiwan is again a potential flashpoint in U.S-China relations, after Donald Trump broke protocol by talking with Taiwanese President Tsai Ing-wen. Taipei is also re-asserting its claim over contested territory in the South China Sea. Bloomberg's Stephen Engle reports from Taiping in the Spratly Islands.
The classic retirement fantasy is simple: Work until 65, get your gold watch and live happily ever after on your pension. Here are three things no one tells you about retirement. Second, you might owe taxes on Social Security.
Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said. Trump appears to be in the final days of deliberations over his top diplomat with an announcement possible next week. Tillerson's favored status was revealed as former New York Mayor Rudy Giuliani formally withdrew from consideration for secretary of state.
Another day of all-time highs across the major indices (^DJI, ^GSPC, ^IXIC, ^RUT), with the health care (XLV) sector leading the way up, but financials (XLF) still languishing in the red. Alan Valdes, director of floor operations at Silverbear joins us live from the New York Stock Exchange. To discuss big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Jen Rogers and Melody Hahm. Mark Zuckerberg is under scrutiny after recently unsealed court documents reveal he may have had inappropriate communication with fellow Facebook board member Marc Andreessen.
David Demos, 35, was charged with securities fraud in an indictment filed in federal court in New Haven, Connecticut, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities. Prosecutors said Demos, a trader and managing director at Cantor Fitzgerald from November 2011 to February 2013, defrauded customers by fraudulently inflating the price at which the company could buy residential mortgage-backed securities.
China is to halve the cash machine limit for certain cardholders visiting the gambling enclave of Macau, in what analysts said was its latest effort to curb massive capital outflows caused by the falling yuan. From Saturday, punters using the UnionPay system -- around half of those visiting the city from the mainland -- will only be able to get 5,000 patacas (around $600) each time they go to the ATM, the Monetary Authority of Macao said. The move was to "further strengthen the measures to regulate Mainland bank card cash withdrawals," it said.
The Wall Street Journal reports that flights could get a bit more chatty, as the Department of Transportation announced Thursday it was considering eventually allowing in-flight calls from airline passengers. In order to change the current ban, the DOT will have to study the feasibility of such calls and analyze public comments. The DOT says it began thinking of rolling back the ban as technology improves and WiFi calls become more feasible.
Three-quarters of companies plan to give employees a cash bonus this year , up from 67 percent last year, according to a report from staffing firm Accounting Principals. "Targeting a big whack of money towards a single goal — like paying down debt, a vacation, retirement — will be more gratifying than the drip, drip of steady saving," said Meg Bartelt, a financial planner and founder of Flow Financial Planning in Bellingham, Washington. Next, Bartelt suggests fully stocking your emergency fund, which can prevent you from digging yourself into more debt, if an unexpected cost were to come up.
After another strong jobs report, which shows the unemployment rate is down to 4.6 percent, job candidates will have the chance to press their advantage -- but only if they know the new rules of the game. Here are five key trends that job seekers will encounter in 2017 -- and tips on how to navigate this new terrain. The job-search process is moving faster than ever.