Millions of Americans will get new insurance coverage for addiction treatment next year, but the system may not be ready for the wave of new patients. (April 16)
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. Spending more than you earn can put you in a dangerous hole of debt.
After graduating from college, Grant of Millennial Money moved back home with just $2.26 in his bank account. "That was a huge wake-up call for me," the now 31-year-old — who goes by his first name exclusively — told CNBC. He took a screenshot of his balance, set the goal of having $1 million in assets in five years, and immediately started educating himself. "As soon as I began this journey, I looked up the best reviewed personal finance books on Amazon," says Grant, who reached seven-figures exactly five years after taking the screenshot, thanks to a side hustle that he turned into a lucrative consulting company. Since, the Chicago-based self-made millionaire has read over 360 personal finance
Tax breaks aren't just for the wealthy. The IRS has many tax benefits that are aimed at those of more modest means, but many people miss out without even realizing they could take advantage of opportunities to cut their tax bill in April. The following three tax breaks are tailor-made to give the biggest benefits to those who make less than $50,000, and they can make a big difference come tax time. 1. Earned Income Tax Credit For those who work and have modest incomes, the Earned Income Tax Credit can provide one of the biggest tax credits available under current law. Exactly how much you can get depends on how much you make, what your filing status is, and whether you have any children. As you
Twelve employees of a Tulsa-area restaurant are without a job after skipping work on the "Day Without Immigrants."
Janet Yellen knows why the stock market has been on a record tear. The chairwoman of the Federal Reserve on Feb. 15 offered up a pretty clear explanation for investors’ recent elation over equities in her testimony in front of the House Financial Services Committee. “I think market participants likely are anticipating shifts in fiscal policy that will stimulate growth and perhaps raise earnings,” Yellen said, responding to a question about what is behind the markets' meltup. Read: Stock indexes close at records as Dow extends winning streak That description is what most on Wall Street refer to as the Trump rally. That is a revival of so-called animal spirits inspired by expectations that President
Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing U.S. output and stubbornly high stockpiles kept price gains in check. Top OPEC exporter Saudi Arabia's crude oil shipments fell in December to 8.014 million barrels per day (bpd) from 8.258 million bpd in November, official data showed on Monday. The U.S. market is closed on Monday for the Presidents Day holiday.
Perhaps the best time to change up your career is when you're near its end. Close to one in five individuals aged 65 and over continues to punch the clock every day, according to the Pew Research Center. Meanwhile, more than half of Americans ages 50
Apple's (AAPL) market cap is surprisingly only 40% away or so from reaching $1 trillion. Don't laugh, the milestone could very well happen. Shares of the tech giant have been on a tear lately amid expectations for a blowout iPhone 8 unveiling, which is expected later this year. Also helping power the stock was a solid holiday quarter and expectations around President Trump enacting a tax holiday, which would be great for Apple as it holds more than $246 billion in cash overseas. Some of that repatriated cash could be used for sweeter dividends and stock buybacks. But as myself and TheStreet's Scott Gamm discussed on Friday, several things need to happen before Apple's market cap can reach
White House chief of staff Reince Priebus, during multiple appearances today on the Sunday talk shows, stopped just short of agreeing with his boss President Trump that the media is the “enemy of the American people” and is no longer a credible news source. Contrary to Trump’s unprecedented rants against the news media – most recently during his 45-minute, campaign-style rally in Melbourne, Florida, on Saturday before an adoring crowd of 9,000 – Priebus insisted that Trump still supports the First Amendment. “He believes in the free press,” Priebus declared but stressed the media is biased on both sides of the ideological spectrum.
There ain't no party like a new-airplane party, which is just what happened Friday when Boeing introduced its newest commercial aircraft, the 787-10. The rollout, as these events are called, occurred at Boeing's factory in Charleston, South Carolina, which opened just over three years ago. President Donald Trump and South Carolina Governor Henry McMaster attended as thousands of the plant's employees greeted the aircraft. The 787-10 is the third version of Boeing's 787 Dreamliner, which first started flying passengers in 2011. Like its siblings, the aircraft is made of composite materials and characterized by high fuel efficiency, a blunter nose and sharply swept wings. But at 18-feet (5.5 meters)
We expect leading contract driller SeaDrill Ltd. SDRL to beat expectations when it reports fourth-quarter 2016 results before the opening bell on Thursday, Feb 23.In the preceding three-month period, the company delivered a positive earnings surprise
Visa Inc. (NYSE:V) and MasterCard (NYSE:MA) aren't the only two players in the credit card and electronic payments space, but they are the biggest and best-known. Both Visa and MasterCard have extended their reach across the globe, and both have high expectations in their trajectories for future growth. Yet after a big push in the stock market that has sent both of these financial stocks to all-time highs, investors need to know which of the two leaders in the card industry is more deserving of their attention. Let's take a closer look at Visa and MasterCard, comparing them using several different metrics to see which company's shares are the better buy. Valuation and stock performance Visa and
If you're struggling with credit card debt that you just can't seem to get out from under, one of the best ways to break free from that debt is to use a 0% balance transfer card. First, applying for a new credit card of any kind can end up dinging your credit just a little. The five big factors in determining your credit score include your credit utilization, payment history, types of credit, credit inquiries and the age of your accounts.
Since the Affordable Care Act became law in 2010, making the math work has been a real challenge. For Obamacare to be sustainable, the insurance "risk pool" equation has to work. "I think it was flawed," former Aetna (NYSE: AET)CEO Ronald Williams told CNBC's On The Money in an interview.
The U.S. dollar (STOXX: .DXY) finished the week just barely positive, and some strategists see the greenback heading lower as political uncertainty mounts. Federal Reserve Chair Janet Yellen's fairly hawkish remarks in a press conference Wednesday failed to boost the dollar, which the next day saw its largest one-day drop in over two weeks. In her two-day semi-annual testimony on monetary policy before the House Financial Services Committee, Yellen reiterated that the Federal Reserve still expects to raise its federal funds rate target three times this year.
A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion. The Auckland High Court upheld the decision by a lower court in 2015 on 13 counts, including allegations of conspiracy to commit racketeering, copyright infringement, money laundering and wire fraud, although it described that decision as "flawed" in several areas. Dotcom's lawyer Ron Mansfield said in a statement the decision was "extremely disappointing" and that Dotcom would appeal to New Zealand's Court of Appeal.
Feb.20 -- Bank of America Merrill Lynch Chief U.K. Economist Robert Wood and Bloomberg’s Svenja O’Donnell discuss Prime Minister Theresa May’s timetable to trigger Article 50. They speak with Anna Edwards on “Bloomberg Markets.”
Shares in SoftBank Group Corp (9984.T) rose nearly 3 percent in morning trade on Monday after a Reuters report that the Japanese company is prepared to cede control of Sprint Corp (S.N) to T-Mobile US Inc (TMUS.O) to clinch a merger of the two U.S. wireless carriers. SoftBank is expected to approach T-Mobile parent Deutsche Telekom AG (DTEGn.DE) for negotiations when an ongoing auction of airwaves ends in April and a ban on talks between rivals is lifted, people familiar with the matter told Reuters. A potential deal could bolster SoftBank's shift towards what billionaire founder Masayoshi Son calls the "Berkshire Hathaway of the tech industry," or a company with cutting-edge tech investments as the telecoms services markets mature.
China will suspend all imports of coal from North Korea starting Feb. 19, the country's commerce ministry said in a notice posted on its website on Saturday, as part of its efforts to implement United Nations sanctions against the country. The ministry did not say why all shipments would be suspended, but South Korea's Yonhap news agency reported last week that a shipment of North Korean coal worth around $1 million was rejected at Wenzhou port on China's eastern coast.
Investors in their 60's should start to favor low-risk stocks that offer up big dividend payouts. Below are three stocks -- Waste Management (NYSE:WM), United Parcel Service (NYSE:UPS), and Welltower (NYSE:HCN) -- that perfectly fit that description. One man's trash... The waste-management sector is a terrific place to find low-risk stocks. Most trash haulers operate mini-monopolies since it makes no sense to send multiple garbage trucks down the same streets. That's because trash is quite heavy and holds almost no economic value. That fact gives any company that owns a fleet of trucks and landfills that are close to populated areas a dependable stream of income. Given those industry dynamics,
Unlike Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T) was able to address its precipitously rising dividend payout ratio several years ago with its DirectTV acquisition (this acquisition helped AT&T better cover its dividend payments, and adapt to the changing industry/market conditions). The expectation is that Verizon’s Yahoo! Inc. (NASDAQ:YHOO) acquisition will address its growing payout ratio in much the same way DirectTV helped address it for AT&T. But even if the Yahoo acquisition doesn’t go through (we believe it will) then Verizon can continue to support its big dividend by selling assets. For example, Verizon helped support its big dividend payments in 2016 by selling some
Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B), the conglomerate led by Warren Buffett, has delivered strong returns for investors lately, with shares up 30% over the past year. As impressive as this is, some of Berkshire's stocks have doubled, or even tripled that return. Here's a look at Berkshire's five best-performing stocks of the past year, and why they performed so well. Why did these stocks do so well? First of all, the reason that most of these stocks (and Berkshire itself) have performed so well over the past year is because last February was a particularly turbulent time for stocks that included a large market drop (the low point in the chart below). And now we're at or near record highs
Hewlett Packard Enterprise Company HPE is set to report first-quarter fiscal 2017 results on Feb 23. The company’s last quarter earnings were in-line with the Zacks Consensus Estimate.Factors to ConsiderSince its split from HP Inc. HPQ in Nov 2015, Hewlett
Let's cut through all that noise and see where the headwinds and tailwinds could propel Under Armour over the next year. The headwinds facing Under Armour Under Armour is becoming increasingly dependent on footwear, exposing it more heavily to 800-pound gorillas like Nike and Adidas, which have much higher marketing budgets. To keep pace with those rivals, Under Armour must spend more on marketing and sponsors. But to sell more shoes, it has to reduce prices -- which puts tremendous pressure on its operating margins. To make matters worse, Under Armour manufactures nearly all of its products overseas, but generated 83% of its sales from North America in 2016. This could become a major headwind
Oclaro, the optic components maker has just hit a new multi-year high on Friday. Shares touched a 5-year high of $11.09 per share intraday before closing at $11.02 per share, up 2.3% on the day and 16.1% for the week. A few weeks ago, after Oclaro had reported earnings for its December quarter (FQ2:17) which beat estimates and raised guidance for the current quarter and for the rest of fiscal 2017, shares slipped 4.5% the next day to $9.45 per share. Since then the shares have been inching higher almost daily and should continue to do so given the current undervaluation even from a worst-case point of view. The company reported earnings on January 31 for the quarter ended December 31, 2016 which