The Financial Industry Regulatory Authority Foundation estimate s nearly two-thirds of Americans c a n't pass a basic financial literacy test. Schools aren't instilling financial literacy along with ABCs and the three R's, but parents can educate kids about money.
Shares of the beleaguered industrial giant are down 9.6% in the last 30 days, despite getting a boost from investors on May 21 when the company announced an $11.1 billion deal between GE Transportation and Wabtec. The challenges in the Power segment could pose a severe risk to GE's credit rating.
Real estate investment trusts are excellent investment vehicles for investors looking to generate current portfolio income. This is in large part because of the legal implications of operating as a real estate investment trust. REITs are required by law to pay out more than 90% of their net income as distributions to shareholders.
There were several things I did to get to the point of early retirement. Retiring early can be done at all income levels, but the more you earn the more you can sock away and the more you’ll have to fund the retirement you want.
Gold markets broke down drastically during the trading session on Friday, slicing through an uptrend line that has extended from late 2016. This is a major turn of events and could lead to much lower pricing. In fact, I believe that the uptrend line will be a bit of a resistance barrier, so I think that it’s only a matter of time before the sellers will get aggressive.
Stock-market investors navigated, virtually unscathed, a gauntlet of central-bank gatherings, a historic summit between President Donald Trump and North Korean Kim Jong Un, and flaring trade tensions. The S&P 500 index(^GSPC)ended the week essentially flat, managing the narrowest of weekly gains, up 0.02% to 2,779.66, while the Dow Jones Industrial Average(^DJI)posted a weekly decline of 0.9%. The Nasdaq Composite Index(^IXIC)outperformed both, rising 1.3% for the five-day period.
Anne Lester, manager of JPMorgan's SmartRetirement Target-Date series, discusses increased flows to passive strategies in the target-date space and the firm's research on decumulation strategies.
More than 1,000 cryptocurrency startups worldwide have raised over $10 billion over the last two years. Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. Investing in crypto now is "as good as an investment in the internet 10 years ago," Assia said.
Amazon AMZN might have forever changed the grocery industry exactly one year ago when the e-commerce giant bought Whole Foods for roughly $14 billion on June 16, 2017. Today, grocery delivery is commonplace across the entire industry. Nielsen NLSN and the Food Marketing Institute released their second-ever "Digitally Engaged Food Shopper" study earlier this year, which stated that within the next five to seven years 70% of consumers will do at least some grocery shopping online.
At 115 years old, Ford Motor Company (NYSE:F) has had to adapt to many wrenching changes. Ford stock is tough. Through it all, Ford has been able to find ways to overcome the challenges, and become a stronger company.
Micron Technology Inc. faces many questions when it reports earnings, with the most important focusing on concern that memory-chip prices have wandered too high even amid continued strong demand from data centers. Chinese regulators launched a probe into memory chip makers like Micron, Samsung Electronics Co Ltd. (005930.KS) and SK Hynix Inc. (000660.KS) earlier this month.
The bull market is entering a new phase, but PNC Financial's Jeffrey Mills believes that's no reason to get negative on stocks. In an interview on CNBC's " Futures Now ," the firm's co-chief investment strategist acknowledged it will be hard to replicate
Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. “Three OPEC founders are going to stop it,” Iran’s representative to the bloc Hossein Kazempour Ardebili said in comments to Bloomberg on Sunday. “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity.
U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday. GE had committed to create 1,000 net new jobs by the end of this year when it bought Alstom's energy business in 2015, but had created only 323 by the end of April, the Finance Ministry said last week. GE Chief Executive John Flannery informed French Finance Minister Bruno Le Maire this week that the target was now "out of reach" because of difficult market conditions.
A shocking number of people with rewards credit cards are making the same mistakeComedy Central/Courtesy Everett CollectionRewards points won’t offset a shopping spree. If you have a credit card with a high interest rate, this is the worst mistake you could make. Nearly 40% of cardholders with a rewards credit card carry a balance, according to a recent survey from the credit-card website CompareCards.com.
Ford has developed a massive development plan for a new-mobility corridor stretching from Detroit through its revamped headquarters in Dearborn to the University of Michigan in Ann Arbor. CEO Jim Hackett is bringing his "design thinking" innovation and management approach to the task of remaking the 100-plus-year-old company. Ford has bought a huge, crumbling rail station near downtown Detroit and intends to combine it with a plan to revive the city's Corktown neighborhood to be a center of the carmaker's Smart Mobility efforts.
Shares of Oracle Corporation (NYSE:ORCL) haven’t been trading too well, tumbling some 5% on June 14. While ORCL stock started to recover as the week ended, some investors have to be wondering if this is a buying opportunity. JPMorgan analyst Mark Murphy downgraded the stock to neutral from overweight and cut his price target to $53 from $55.
Jun.17 -- Evan Lucas, chief market strategist at InvestSMART, talks about Federal Reserve policy, the dollar, and the implications for Asian economies and financial markets. He speaks with Ramy Inocencio on "Bloomberg Daybreak: Asia."
August West Texas Intermediate and international-benchmark Brent crude oil futures settled lower last week with the Brent contract feeling the brunt of the selling pressure. The weakness was fueled by aggressive position-squaring ahead of next week’s OPEC meeting in Vienna on June 22-23. August WTI crude oil finished the week at $64.85, down $1.84 or -2.84%, and August Brent settled at $73.44, down $2.50 or -3.40%.
Warren Ward readily acknowledges that closed-end funds occupy a particularly obscure niche in the market, but that's one reason why the Indiana certified financial planner likes them. Closed-end mutual funds have been around for years, with the sector tracing its roots to the 19th century. Closed-end funds have long had a small but faithful following, with about 2% of investors owning them in their portfolios.
Crude oil futures fell sharply on Friday as investors prepared for next week’s key meeting between OPEC and a few major non-OPEC producers on June 22-23 in Vienna. Sellers returned to the market after several days of counter-trend buying on reports that Saudi Arabia and Russia will announce production hikes at next week’s meeting. The main trend is down according to the daily swing chart.
This week, music streaming platform Pandora Media Inc. (NYSE:P) made its way 10% higher after the company announced a new social media partnership with Snap Inc. (NYSE:SNAP). The partnership is a big deal for Pandora stock because it marks the firm’s first big step into social media integration and gives the firm a leg up on competitors with an easy-to-use sharing platform that will direct people to listen through Pandora.
Petroleo Brasileiro S.A. (PBR) (NYSE:PBR) has been so volatile it might make investors sick. Some might be asking whether they’re riding a roller coaster or are long on PBR stock. Given that, why go with PBR, which is not only being decimated from a stock-trading perspective, but also suffering thanks to its location in South America? It’s no secret the iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) has been struggling big time this year.
Taxes are always with usWarner Bros/Courtesy Everett CollectionYour life will change in retirement — so will your taxes. There are several factors at play when we talk about taxes in retirement, including age, tax-deferred and other retirement accounts, additional investments and Social Security. Understanding how to navigate these interconnected factors, and how to use specific tax strategies, can help you build a comfortable retirement.
The past few months have been a roller coaster ride for China digital search giant Baidu Inc (ADR) (NASDAQ:BIDU). From the beginning of April to the middle of May, BIDU stock rallied from $220 to $280 thanks to resurgent strength in China technology stocks and a really strong double-beat-and-raise first-quarter earnings report which underscored strengthening long-term fundamentals. Lu was widely considered to be the “AI guy” at Baidu, and AI is at the core of Baidu’s growth engine.