• Business

    ‘Rich Dad’ author Robert Kiyosaki: If you’re investing for the long term, ‘you’re crazy’

    Robert Kiyosaki, author of several best-selling books including “Rich Dad Poor Dad,” joined MarketWatch for a live interview on Facebook today. He offered up insights on making money, becoming an entrepreneur and even touched on politics. Here are some highlights from the talk, or you can listen to the full interview here. His advice on how to get rich: “The rich do not work for money. Most people do not understand that, because they’re taught to go to school and get a job for money. The rich don’t work for money. And one of the reasons for that is money is no longer money. One of the reasons for that is in 1971, President Nixon took the U.S. Dollar off the gold standard and basically screwed

    MarketWatch
  • Business

    Ford Offers 72 Month 0% Financing as Car Loan Defaults Surge

    Ford Motor Co. (NYSE: F) offers a 0% annual percentage rate (APR) for six years (72 months) across its entire model line, presumably to clear out 2016 models. The deals come at a time when car finance defaults, blamed to some extent on long loan repayment programs, have skyrocketed. Ford has taken on at least some degree of trouble because of the trends. The “Ford Freedom” sales event requires buyers to use Ford Credit APR financing. Ford Credit is part of Ford. That means it takes on either the benefit or problems with the loans. To put the loans in perspective, they will be paid through 2022. According to Carfax: Don’t be fooled into thinking depreciation slows much after the first year. The

    247wallst.com
  • Business

    4 Ways Successful Middle Class Families Invest

    Although the U.S. government clearly defines what it means to live in poverty, it doesn’t provide the same clarity for what it means to be “middle class." You tend to hear a lot about this group during presidential election years, as middle class families make up the majority of American households. What exactly is “middle class" ? Economists slice and dice it in many ways, but the most typical definition categorizes families as middle class by their annual household income. The Pew Research Center defines middle class families as those that earn between $46,960 and $140,900 annually. Other sources draw the line around typical middle class aspirations like home ownership, vacations, and college

    Investopedia
  • Business

    Tim Cook cashed in $36 million in Apple stock

    Nearly 1 million of those shares were earned because Cook lasted five years as Apple CEO. The remainder was awarded because Apple has outperformed two-thirds of the companies in the  S&P 500. In the five years since Cook has taken over Apple, revenue and profit have doubled, and Apple stock has outpaced the broader market when taking into account dividends and stock buybacks.

    Business Insider
  • Business

    7 Healthy Dividend Stocks for Quality and Security

    When it comes to finding great dividend stocks, some sectors are just natural winners. Steady and growing demand, big-time cash flows and large economic moats are hallmarks of these prime dividend stock sectors. Those factors enable some sectors to throw off plenty of big-time dividends. Healthcare stocks meet those requirements and then some. Demand for treatment continues to grow exponentially as our overall population increases and ages. Meanwhile, long patent timelines of various drugs, delivery and other medical products provides plenty of stable cash flows. These factors enable healthcare stocks to produce enviable cash flows and earnings, which translate into hefty dividends for their

    Kiplinger.com
  • Business

    Half of the high-paying jobs in America now require this skill

    If terms like SQL, Python and JavaScript aren’t on your radar, employers may not be interested in hiring you. Roughly half of the jobs in the top income quartile — defined as those paying $57,000 or more per year — are in occupations that commonly require applicants to have at least some computer coding knowledge or skill, according to an analysis of 26 million U.S. online job postings released this month by job market analytics firm Burning Glass and Oracle Academy, the philanthropic arm of Oracle focused on computer science education, in Redwood City, Calif. In simple terms, coders write the instructions that tell computers what to do; in-demand programming languages include SQL, Java, JavaScript,

    MarketWatch
  • Science

    China's Electric-Car Startups Face Wipeout

    Aug. 29 -- New regulations are expected to pull the plug on many of the 200 plus companies that make up China's electric car industry. The government is imposing strict standards on technology and could cap the number of manufacturers. Bloomberg's Kongho Chua reports on "Daybreak Asia."

    Bloomberg Video
  • Politics

    Cleaning Up After Trump Talks About Race: Worst Job in Politics?

    Jobs don’t get much more thankless than being the person designated to clean up after Donald Trump. Campaign manager Kellyanne Conway found that out this morning in a deeply uncomfortable interview with Fox News Sunday host Chris Wallace focused largely on the GOP nominee’s supposed outreach to African-Americans. The discussion was civil and measured, but Wallace was unsparing when he asked Conway to account for the way Trump has positioned himself thus far in the race with respect to the black community.

    The Fiscal Times
  • Business

    Wheels up for China's new aero-engine group

    China officially launched a new multi-billion dollar jet engine conglomerate with almost 100,000 employees at the weekend, as Beijing seeks to become an aerospace power and compete with the likes of Rolls Royce and General Electric. The Aero Engine Corporation of China (AECC) has registered capital of 50 billion yuan ($7.5 billion), and previous reports said it would incorporate subsidiaries of a series of state-owned firms, including the Aviation Industrial Corp. of China (AVIC). President Xi Jinping said founding the company was a "strategic move" to make China an aviation power and modernise the military, the official Xinhua news agency reported.

    AFP
  • Politics

    Brexit may send EU 'down the drain' - German vice chancellor

    Germany's vice-chancellor has warned the future of the EU could be in doubt if the UK's exit is handled badly. Sigmar Gabriel said the EU would go "down the drain" if other states followed Britain's lead and that the UK could not keep the "nice things" about Europe while taking no responsibility. It comes as Theresa May summoned ministers for a meeting on Wednesday to discuss ideas for the UK's withdrawal. Downing Street said Brexit was "top" of the prime minister's agenda. But a report in The Sunday Times suggested her cabinet was split over leaving the single market. The UK voted to leave the European Union in a referendum vote on 23 June. Mr Gabriel, who is also economy minister in Germany's

    BBC News
  • Technology

    Is Samsung far ahead of Apple? Marc Benioff appears to think so

    Technically Incorrect offers a slightly twisted take on the tech that's taken over our lives. I rather thought that tech CEOs all go around being nice to each other in public and only offering criticisms of other CEOs' companies through Masonic-like winks, nods and code words. I was moved, therefore, on Saturday night when I saw splendidly forthright Salesforce CEO Marc Benioff retweet this: "Crazy seeing Apple trying to catch Samsung. Battery life, waterproofing, blue color, front led light, &curved screens. Samsung set the standard." The original tweet was emitted by basketball coach Dennis Marshall. But did Benioff's apparent endorsement mean that a man who said there'd be no Salesforce without

    CNET
  • News

    Mylan's EpiPen goes generic, Herbalife saga far from over, Caesars tanks on lawsuit ruling

    Mylan, Herbalife, Caesars Entertainment and Symantec are among the stocks to watch.

    Yahoo Finance Video
  • Health

    Mylan Launching Generic Version of EpiPen

    Mylan will start selling a cheaper version of its EpiPen after absorbing waves of criticism over a list price for the emergency allergy treatment that has grown to $608 for a two-pack, making it unaffordable for many patients. The drugmaker says it will launch in several weeks a generic EpiPen version that is identical to the branded option but will have a list price of $300 for a two-pack. Consumers and politicians have accused the company of price-gouging, since the list price for a pair of EpiPens has climbed repeatedly from around $94 in 2007, when Mylan acquired the product. Mylan CEO Heather Bresch defended the price hikes last week, saying the company only received $274 of the total price for a twin-package while insurers, pharmacies and other parties divvy up the rest.

    ABC News
  • WMB

    Williams (WMB) to Buy Common Units from Williams Partners

    Oklahoma-based pipeline company, Williams Companies, Inc. WMB, has agreed to procure approximately 6.975 million common units priced at $35.84 each from its master limited partnership, Williams Partners L.P. WPZ. The purchase, which is expected to be

    Zacks
  • Business

    This is No. 1 financial regret of older Americans

    Getty ImagesDMAMBMCMDMEMGZGZQZRZSZTZUMost Americans are filled with regrets — financial regrets.Fully three in four, in fact, admit they harbor financial regrets, according to a survey of more than 1,000 adults by Bankrate.com. Their biggest regret:

    MarketWatch
  • Politics

    You'll Be Shocked That Most People Don't Know These 4 Things About Social Security -- The Motley Fool

    Social Security is one of the most important social program for seniors in retirement. Research from Gallup suggests that almost 60% of current retirees rely on Social Security income to comprise a major part of their monthly income, while another 30% rely on Social Security as a minor income source. In theory, 90% of today's retirees could be in some degree of financial trouble if they didn't have Social Security in their corner. But the honest truth is that most people -- especially those who've yet to retire -- aren't well versed on the ins and outs of Social Security. When it comes to Social Security, ignorance is far from bliss, as ignorance to the program's rules could wind up costing you

    The Motley Fool
  • Business

    Saudi Seen Unconcerned by Fed Plan

    A potential U.S. interest rate hike next month is unlikely to deter Saudi Arabia's plans to sell at least $10B of bonds. Bloomberg's Matthew Martin reports on "Bloomberg Markets Middle East."

    Bloomberg
  • Business

    Why Dennis Gartman thinks these two assets 'don't make any sense' right now

    In a research note last week, Bank of America-Merrill Lynch noted that both assets were being bolstered by a 'flight to safety' stemming from risks in Europe, including the U.K.'s Brexit. Given this unusual occurrence, Gartman reasoned that investors may want to consider betting on gains for gold while selling Treasuries in weeks to come, particularly as skittishness over Federal Reserve interest rate policy continues to dominate. At Jackson Hole, Wyoming, on Friday, Fed Chair Janet Yellen's tone was interpreted as slightly hawkish. She noted that the "Fed has the tools to fight the next recession" and that she "anticipates that gradual rate hikes may be appropriate." However, not much clarity

    CNBC.com
  • Technology

    Are AT&T's and Verizon's no-overage policies really a good deal?

    Nobody likes getting socked with a charge for going over a monthly wireless data cap. And thanks to changes made by the nation's two largest carriers, those days may be over forever. Earlier this summer AT&T and Verizon said they'd eliminate charges for customers who bust their data caps, in exchange for slowing service to 2G speeds. It's a policy competitors T-Mobile and Sprint have offered for years. And it's likely to be a welcome change for many customers, who cringe every month when the phone bill arrives. But are the two big carriers really offering a good deal? In this edition of Ask Maggie, I help answer that question. Dear Maggie, I have two teenagers on my Verizon family plan, and they

    CNET
  • Politics

    Obamacare Price Hikes Could Cost Democrats Control of the Senate

    The odds remain fairly good that the Democrats can regain control of the Senate in November, especially if Democratic presidential nominee continues her strong showing against Republican businessman Donald Trump in the polls. Four other races -- including veteran Republican Sen. John McCain’s reelection effort in Arizona -- are deemed competitive by political experts. Despite years of Republican vows to dismantle and replace the Affordable Care Act, Obamacare has received relatively little attention in the presidential and congressional races until now.

    The Fiscal Times
  • Business

    This negative 3.5% 'buy the market' signal has been a moneymaker 81% of the time

    In the history of the stock market, some of the best buying opportunities occurred after sharp sell-offs, with some of the single best days following the single worst days. Adviser Investments’ Daniel Wiener reviewed the performance of the S&P 500 (^GSPC) — via the Vanguard 500 Index Fund (VFINX) — to see how the stock market did in the year following one-day sell-offs of 3.5% or more.

    Sam Ro
  • News

    Truck carrying Takata air bag inflators explodes in U.S., killing one

    Takata said a truck, operated by a subcontractor, was traveling to a Takata warehouse in Eagle Pass, Texas, early on Aug. 22 when an accident occurred. The driver of the tractor-trailer "failed to negotiate" a curve on a highway and crashed near a house, according to a preliminary statement from the Texas Department of Public Safety. The Texas DPS said 67-year-old woman, Lucila Robles, was killed.

    Reuters
  • Business

    Fico vs. Experian vs. Equifax: Their Pros and Cons (FICO, EFX)

    Lenders have an array of data available to make credit decisions on borrowers. Three major credit bureaus compile information about consumers' borrowing habits and use that information to create detailed credit reports, while another organization, the Fair Isaac Corporation (NYSE: FICO), or FICO, developed a proprietary algorithm that scores borrowers numerically from 300 to 850 on their creditworthiness. Some lenders make credit decisions strictly based on a borrower's FICO score, while others examine the data contained in one or more of the borrower's credit bureau reports. When seeking a loan, it is helpful for borrowers to know their FICO score as well as what is on their credit bureau reports, such as those from Experian PLC (EXPN.L) and Equifax Inc. (NYSE: EFX).

    Investopedia
  • Business

    5 reasons middle class savers should be optimistic

    Editors' pick: Originally published August 25. While many American families are still wondering when the economic recovery will benefit them, there are a number of bright spots in the economy to provide hope as the second half of 2016 gathers steam. To be sure, there are many observers who wonder when the recover will benefit the middle class, whose incomes have stagnated. That is a byproduct of the near collapse of the financial services industry eight years ago. Many companies have remained cautious about ramping up hiring or increasing wages. That has impacted middle class savers and retirees.  Still, the signs are pointing upward. Main Street should feel bullish about the remainder of the

    The Street
  • HLF

    Short-seller: Herbalife may have misled investors and SEC on impact of FTC deal

    After U.S. multi-level marketing company Herbalife (HLF.N) settled a probe of its sales practices with the U.S. Federal Trade Commission last month, top executives assured investors that the company would be able to thrive under the new rules. Billionaire investor William Ackman in 2012 claimed the company was running a pyramid scheme, recruiting members with a promise of payment for enrolling others in distribution, rather than depending on the actual sale of its nutritional supplements and weight management products. In its July 15 ‎settlement Herbalife agreed to restructure its U.S. business so distributors are rewarded for sales rather than for recruitment of sales agents and it agreed to pay a $200 million fine.

    Reuters