The Senate has confirmed Massachusetts Sen. John Kerry as the next secretary of state. The vote was 94-3. Once sworn-in, Kerry will replace Hillary Rodham Clinton, who is stepping down after four years. (Jan. 29)
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
Sears reported its 20th straight quarterly decline 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.
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
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.
(Flickr / kristina dymond) The slow and steady decline of retail that's shuttering department stores and putting malls out of business is also taking a toll on Starbucks. "We can't hide behind the fact that there is a seismic change that we're experiencing
The stock of Southwest Airlines had investors salivating on Wednesday as transports surged. Yet according to CEO Gary Kelly, the secret sauce to the company's competitiveness is its culture. "Our people are fantastic, it really is what sets us apart competitively in the industry and they are the ones that have made Southwest so successful," Kelly told "Mad Money" host Jim Cramer. Southwest began operating in 1972, and during the span of its 45-year history, the company has never a single layoff or pay cut for any employee. It has also been profitable every year since its first full year of operation. "There is a lot to a culture, and it's easier to have a strong culture if you feel like you're
After Chyna (real name Angela Renée White), 28, filed to legally trademark her name as “Angela Renée Kardashian” to use while working in entertainment and on her social media, the sisters’ — Kim, Kourtney and Khloé Kardashian — companies opposed the request. “The Kardashians, like Angela and my other clients are very protective of our marks, I think for us this is going to be a clear case win, because it’s actually her name, it’s not a poaching.
If you dig through the troves of financial advice out there, you're sure to find contradictory guidance. "Those two pieces of advice, if you follow them, will destroy your financial life," he told Business Insider during a Facebook Live.
The North Dakota Health Department says winter weather is affecting cleanup of a "significant" pipeline break that leaked crude oil into a tributary of the Little Missouri River
Ducati North America CEO Jason Chinnock discusses the state of the motorcycle industry on Lunch Break with Tanya Rivero and reveals the company's new $80,000 Superleggera, the fastest twin-cylinder motorcycle in history. Photo: Ducati
Donald Trump has demonstrated pretty remarkable flexibility on any number of issues over his years in public life, and that was never more on display than Wednesday when it was announced that he had been named Time Magazine Person of the Year.
Wealthy people usually aren't born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done. Then again, 10.4 million households in the U.S. have $1 million or more in investable assets, according to market research and consulting firm Spectrem Group, and their ranks are growing. So it's not impossible. Read on to learn what you might be doing to keep yourself out of the millionaire's club. More importantly, find out how you can change your ways and build your own seven-figure
A plane belonging to Pakistan's national carrier crashed on Wednesday with about 40 passengers and seven crew members on board, police and an airline spokesman said. (Dec. 7)
Not long ago, I attended an all-day seminar on Social Security, my goal being to soak up as much as I could about a devilishly complicated system. By noon, my brain had started to feel numb; by late afternoon, facts were bouncing off it like rubber darts. Considering that I already had a working knowledge of Social Security, I wondered how anyone coming at it cold could possibly master all the details. Not very well, it turns out. A recent report by the U.S. Government Accountability Office concludes that most people don’t know even the basic rules of Social Security and the strategies available to them. Among the fuzzy areas: the importance of health and family longevity in the claiming decision;
Donald Trump is still talking tough about China — even with all the presidential campaigning behind him — and some investors are starting to wonder who gets hit hardest if he puts words into action. Perhaps most concerning to Wall Street are the ramifications of the president-elect's talk of a punitive 45 percent tariff on goods imported from China, the world's second-biggest economy. The current average tariff on imports from China is about 3 percent, according to the U.S. International Trade Commission. Some economists say a tariff of that size could slow China's economy by 3 percentage points, that according to Capital Economics. "The direct impact on GDP would be sizable. The value added
President-elect Donald Trump ran on a platform of restoring glory to American manufacturing, but since winning, he's shown that he doesn't know much about how stuff gets made in the 21st century. For example, during the campaign he attacked Ford for shifting small-car manufacturing to Mexico (where, by the way, Ford has operated plants since the 1960s) and later took credit on Twitter for preventing Ford from relocating an entire Kentucky factory south of the border when in fact Ford was only planning to move production of a vehicle.
Clinton is on Capitol Hill for a portrait unveiling in honor of retiring Senate Minority Leader Harry Reid. Clinton received sustained applause as she stood to speak, ruefully remarking, "This is not exactly the speech at the Capitol I hoped to give" after the election. Hillary Clinton has made her first trip to the Capitol complex since her presidential election loss to Donald Trump.
If you ask many retirees what their life is like, they will probably tell you that they are as busy as ever. Every day is full of errands, shopping, household chores, yard work, TV and movies, club meetings and all sorts of other things. Their calendars
Cisco Systems CEO Chuck Robbins told CNBC on Wednesday if the company could repatriate overseas capital, it would do a combination of dividends, buybacks and M&A activity. Repatriating cash, or bringing international profits back to the U.S., would ultimately create some jobs for Cisco, Robbins said on "Squawk Box" on Wednesday at the Business Roundtable meeting in Washington. Many major U.S. corporations keep piles of cash overseas because they don't want to pay steep taxes to bring it back home. Cisco has more than $60 billion abroad, and it could be one of the biggest beneficiaries of repatriation measures proposed by President-elect Donald Trump. "I think it would for [create jobs] for Cisco,
After serving in the Air Force and injuring both his knees, Clay Luthy had trouble finding work when he got back home. The one main reason: Charlotte, a 10-year-old golden retriever who was by his side constantly as a service dog.
As the Trump market rally continues, CNBC's Jim Cramer said on Thursday he's eyeballing companies that will be boosted further by Donald Trump 's proposed policies. Cramer said on " Squawk on the Street " the stocks that likely won't get an added lift by Trump's goals are FANG — an acronym created by Cramer that represent high-growth technology stocks Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOGL)'s Google. "My problem with these is they're going to have really good earnings and didn't need Trump," He said on Thursday, referring to FANG.
The Senate will take up the repeal of the Affordable Care Act on the first day of the new Congress, Jan. 3, setting up an historic clash between President-elect Donald Trump and his GOP allies and Democrats and an array of health care industry groups over the future of the government health care system. Senate Majority Leader Mitch McConnell (R-KY) announced Tuesday that the Obamacare repeal would be “the first item up in the new year,” after conferring with Vice President-elect Mike Pence and other GOP leaders.
A new client recently arrived in certified financial planner Stephanie Genkin's office with a troubling debt situation: $250,000 owed on student loans and $25,000 in credit card debt. The client "was focused on trying to pay down the student loan, but I saw the danger more in the credit card debt for a couple of reasons," said Genkin, founder of My Financial Planner. "It showed she couldn't afford her lifestyle when she rang up that debt, and the interest rate on it was about four times higher than her student loan debt." It's a scenario encountered all too often by Genkin and other financial advisors: People saddled with different types of debt but struggling to pare it down in the most strategic
US President-elect Donald Trump has revealed that SoftBank Group plans to invest $50bn (£39.48) in the country and create 50,000 new jobs. The Japanese telecom and internet giant's plans were revealed by Trump on Tuesday (6 December) in the lobby of Trump Tower in Manhattan. Following a 45 minute meeting between the incoming president and SoftBank CEO Masayoshi Son, Trump said, "Ladies and gentlemen, this is Masa [Son] from SoftBank of Japan, and he's just agreed to invest $50 billion in the United States and [create] 50,000 jobs." Son confirmed the same and added that the plan was to "invest into new startup companies in the United States". While both Trump and the Japanese billionaire did not
Stocks are on fire with the Dow soaring over 200 points, and the S&P 500 hitting a new all-time high. Catch The Final Round at 4 p.m. ET with Jen Rogers and Yahoo Finance’s Jared Blikre. Stocks sinking to end the day include Pioneer Energy Services after it announced it was expanding its share issue as a way to pay down debt, Pfizer after a British regulator hit the pharma giant with a $106 million fine for imposing a 2600% price hike on an epilepsy drug, and Alere.