Thousands of Illinois Bank debit card users have been the target of fake phone calls in an attempt to steal vital financial information.
Tea Party Tim: The one thing that has really struck me in this election is that Trump has had more individual donors of $100 or less than any candidate in history. He had more votes in the primaries than any candidate in history in a field that was crowded with 7 major contenders to begin with and with 2 candidates that refused to withdraw after there was no chance of them gaining the nomination. The Democratic primaries had the lowest turnout that they have had in quite some time and many of the new voters were Bernie supporters. Yet still the polls being reported are touting a huge Clinton margin despite the fact that she does not break 50%. The numbers don't add up.
Heavy equipment maker Caterpillar ( CAT) took the wrecking ball to its 2016 results, bringing down sentiment about the health of the world economy in the process. Caterpillar reported Tuesday a third-quarter profit of $283 million on sales of $9.2 billion, down from a revised $559 million profit on $11 billion in sales in the same quarter a year prior. For the full year, Caterpillar said it now expects sales of $39 billion compared to previous guidance of between $40 billion and $40.5 billion. The results continue a bad run for Caterpillar, which has attempted to weather weakness in the commodity and energy markets that has led to more than three years of flat to down month-over-month sales by slashing 20% of its global workforce and restructuring its operations.
Retirees have special concerns when evaluating state tax policies. For instance, the mortgage might be paid off, but how bad are the property taxes—and how generous are the property-tax breaks for seniors? Are Social Security benefits taxed? What about other forms of retirement income—including IRAs and pensions? Does the state impose its own estate tax that might subtract from your legacy? The answers might just determine which side of the state border you’ll settle on in retirement. These 10 states impose the highest taxes on retirees, according to Kiplinger’s exclusive 2016 analysis of state taxes. Three of them treat Social Security benefits just like Uncle Sam does—taxing as much as 85%
Steve Beck, founder and managing partner at cg42, told the San Francisco Business Times that the 14 percent of Wells Fargo customers planning to leave the bank would be far higher if not for the difficulty in moving to a new bank. No doubt Wells Fargo's rivals will be big winners if more customers exit Wells Fargo (NYSE: WFC). Credit unions, community banks and even Charles Schwab Bank (NYSE: SCHW) already appear to be benefitting from Wells Fargo's scandal. Cg42 says Bank of America (NYSE: BAC) and Chase Bank (NYSE: JPM) could also be big beneficiaries, given their national presence. On top of the 14 percent of existing customers that cg42 sees walking out the door at Wells Fargo, the consulting
Under Armour (NYSE:UA) CEO Kevin Plank is starting to sound like a broken record and investors are losing patience. The stock is seeing its biggest single-day loss in eight years, amid heavy volume, even as Plank downplayed concerns about the company’s declining growth rate on Tuesday. This doesn’t mean the demand for the Under Armour brand has disappeared, but it certainly hasn’t reappeared dollar-for-dollar in our distribution,” a seemingly-frustrated Plank said during post-earnings conference call.
Oct. 24 -- At a campaign rally in Manchester, New Hampshire, Hillary Clinton slammed Donald Trump for a tweet in which he said the attack on Mosul is “a total disaster.” She said it was dangerous and proves the GOP nominee is unqualified to be commander-in-chief.
A nurse who contracted Ebola two years ago while caring for the first person to be diagnosed in the U.S. with the deadly disease settled a lawsuit Monday against the parent company of the Dallas hospital where she worked. Attorneys for Nina Pham announced the settlement with Texas Health Resources. Pham contracted Ebola in the fall of 2014 while caring for Thomas Eric Duncan at Texas Health Presbyterian Hospital Dallas.
A new lawsuit filed by Apple contends that 90 percent of iPhone devices and Apple accessories it recently purchased from Amazon were fakes. Apple says it purchased the products directly through Amazon, not a third party. Amazon is not named in the lawsuit, according to an Associated Press report.
Kiplinger Fidelity is home to some of the greatest stock fund managers of all time. At the top of the list is Peter Lynch, who during his tenure at Fidelity Magellan from 1977 to 1990 delivered a 29.1% annualized return. He beat out all other stock funds and bested Standard & Poor’s 500-stock index by an average of 13.5 percentage points per year. Since then, other stars have shone brightly, including Contrafund’s Will Danoff, Low-Priced Stock’s Joel Tillinghast and Growth Company fund’s Steve Wymer. The firm’s string of famous managers may explain why 22 of its funds land on a list of the 105 most popular mutual funds in employer-sponsored retirement savings plans. We set out to identify the
"While the lion's share of Wells Fargo customers we surveyed had not directly reported being affected by the scandal, it didn't matter," Steve Beck, founder of cg42 and a competitive strategy expert, said in a phone interview.
The ex-wife of former Subway pitchman Jared Fogle is suing the restaurant chain for damages, saying the company received at least three reports indicating his sexual interest in children but failed to take proper action and continued promoting him as its spokesman. Katie McLaughlin said at a news conference Monday that she filed the lawsuit in Hamilton County Superior Court because she has questions about Subway's actions and inactions and wants to someday have answers for her two children, who are now 3 and 5 years old. Did they ever notify the authorities?" said McLaughlin, who said she was "shocked" to learn the accusations against her husband.
If you’re a teacher, the promise of a good retirement pension may have been a selling point when you took the job. But concerns over the funding of these pensions have some wondering whether their benefits will be there for them in full after their last day of work. Critics warn that pensions are at risk of severe underfunding in some states, and righting them hinges on tax increases so local governments can contribute their share. They say some pension funds won’t be able to generate the kinds of returns on investment that they’re banking on to keep them going. And as people live longer, they’re spending more years in retirement—collecting more pension dollars. Some have suggested teachers adopt
The ad hoc group formed by ex-Intel employees in the wake of the company’s massive global layoffs wants to know what thousands of their laid-off colleagues are up to. To do that, they have launched an online survey. It’s been six months since Intel said it would lay off 11 percent of its global workforce or 12,000 workers. of those cuts were in Washington County and thousands more were offered early retirement. A group called Intel Eliminati, created following a smaller layoff in 2015, took on a greater role connecting former co-workers with each other, and, hopefully new job opportunities. But, questions remain about how many of these former Intel folks have landed in new jobs. “We are going
The watchdog charged with monitoring how American money is spent in Afghanistan has in recent years identified projects in which hundreds of millions of taxpayer dollars have been wasted or gone missing: More than $100 million in over-budget expenditures to build the Afghan Ministry of Defense building and $150 million blown on luxury residences for members of the task force charged with rebuilding the Iraqi and Afghan economies, for example. The military has been trying to claw back excessive bonuses that the California National Guard paid to about 10,000 veterans – some of whom went on multiple combat tours – according to The Los Angeles Times. The Times says that with ongoing wars in Iraq and Afghanistan 10 years ago, the military was eager to boost re-enlistment and in many cases offered incentives of $15,000 or more that went beyond what was allowed.
Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment.
Investors and customers will be eyeing Apple's big unveiling of a new line of computers, which is expected to happen Thursday at its Cupertino headquarters. Major changes are expected, particularly for the iMac and the MacBook Pro, which hasn't had a major redesign in over 4 years.
Vanguard is the biggest fund company in the land, with more than $3 trillion in assets. So chances are high that many retirement savers have access to Vanguard funds in their 401(k) plans. But size is no guarantee of good results. Thirty-four Vanguard funds appear on a list of the 105 most popular mutual funds in employer-sponsored retirement savings plans. No other fund company comes close. Not surprisingly, of the 34 most popular Vanguard funds in retirement plans, 15 are index funds. And nine more are target-date portfolios—those set-it-and-forget-it funds that shift over time to more conservative allocations as the fund nears its target year. The remaining 10 are actively managed. We didn’t
Bill Miller, who is best known for beating the S&P 500 Index for 15 straight years, says he has been buying Valeant Pharmaceuticals International Inc. and financial stocks such as OneMain Holdings Inc.Miller said on CNBC that he purchased shares of Valeant
Premiums will go up sharply next year under President Barack Obama's health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. "Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period," said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.
In the last year, shares of Under Armour (UA) are down 19% to around $38. Short-sellers crushed the stock after Sports Authority filed for bankruptcy. Under Armour reports third-quarter results on Tuesday. Can UA get investors get back in the game? Investors in Under Armour have had a difficult year, especially after that Sports Authority bankruptcy because the shorts thought UA's product sales would be hurt by the liquidation. In addition, in the second quarter management said it would take an impairment charge of approximately $23 million related to the liquidation. Of the estimated $163 million worth of sales Under Amour expected to come from Sport Authority, management said it would only
Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain's Buzzard oilfield and Iraq's wish to be exempted from OPEC production cuts. Iraq's oil minister Jabar Ali al-Luaibi said the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) wanted to be exempt from output curbs as it needed more money to fight Islamic State militants. OPEC hopes to remove about 700,000 bpd from an estimated global supply of 1.0-1.5 million bpd.
The photo and his story went viral and thousands of people donated more than $384,000 for his retirement. With no money saved for retirement, home care worker Gwen Strowbridge, 71, of Deerfield, Florida, plans to stay on the job until she can't physically work anymore. Studies have found that about one-third of low wage workers like Strawbridge say they'll never be able to afford retirement.
Our live blog tracked reaction after a U.S. Judge approved $14.7 billion Volkswagen settlement with owners, regulators over polluting diesel vehicles. Here's what happened. (App users please click here).More From CNBC Top News and AnalysisLatest
Steven Woodman walks like an old man. He needs a stick to maintain his balance as he hobbles forward. Steven is only in his late 50s, but the loss of three toes on one foot means he's unsteady on his feet. It is type 2 diabetes that has led Steven to where he is now. More accurately, it's ignoring the warnings and advice around diabetes that has left him facing a life of disability. He was diagnosed with type 2 diabetes, closely linked to lifestyle and weight gain, when he was still a young man. Steven, who lives in Shrewsbury, freely admits that, at the time, he ignored his GP's advice. "I was in denial. I never took it that seriously, so I carried on eating, going to the pub - doing things
Apple’s Tim Cook takes the stage during the company’s iPhone 7 launch event. Apple’s (AAPL) fourth quarter earnings are out and shares are lower in after-hours trade. The company’s earnings per share beat expectations, revenue was in-line with estimates, and the company raised guidance for its fiscal first quarter.
The lawsuit, filed on behalf of Kathleen McLaughlin, says Subway was notified at least three times about Fogle's "sexual interest in and activity with children" but kept featuring him in ads and did not notify authorities. "As early as 2004, Subway's then-senior vice president of marketing received a complaint that Jared had approached a young girl at a promotional event for a Las Vegas Subway franchise for a sex act," the suit alleges.