Risks abound from tense elections in the two biggest economies -- Nigeria and South Africa -- to low oil prices, potential credit-rating downgrades and the prospect of sovereign defaults. Here’s what investors should look out for: Angola The OPEC member is desperate to boost an economy that will contract for the third year running in 2018, according to the International Monetary Fund. This month, the government signed a $3.7 billion three-year loan with the Washington-based lender that it hopes will end severe shortages of foreign exchange, which have forced the central bank to devalue the kwanza by almost 50 percent against against the dollar since January.
As Americans get ready for the upcoming tax season, sweeping changes are going to affect how individuals and families file this year — including which deductions and credits they can claim. While the Tax Cuts and Jobs Act doubled the standard deduction for both individuals and married couples filing jointly – meaning fewer people are expected to itemize – it also changed allowable deductions. Here’s a look at what is no longer – and what still is – able to be claimed, as compiled by TurboTax: Dependent exemption Under the previous law, families were able to claim a $4,050 exemption – per parent – for each child.
National Australia Bank shareholders delivered an unprecedented protest vote against the lender's executive remuneration plans on Wednesday, the latest display of investor disquiet over poor governance in the country's financial sector. NAB Chairman Ken Henry told the annual general meeting in Melbourne Australia's fourth-largest lender would change its pay structure next year, after taking into consideration investors' concerns and the recommendations of a public inquiry into the financial sector. Shareholder Chris Schott told the meeting NAB's board and its senior management were "failed capitalists, they have destroyed millions and millions of dollars of value.
The solution: Invest just a little to get started. While setting aside money may be hard, it’s easier than ever to get in the market. Over the past decade, more and more 401(k)s have begun auto-enrolling participants.
CNBC's Jim Cramer argues stocks are "really oversold" after markets fell to a new low for the year. "There are things that have come down so much," he says, as the Dow, S&P 500, and Nasdaq were bouncing in Tuesday trading. The "Mad Money" said Monday the market sell off has gone beyond concerns about a slowdown in global economic growth and the Fed.
Todd Gordon, TradingAnalysis.com, reacts to Micron's earnings, and offers his take on where Amazon could be headed. With CNBC's Josh Lipton and Melissa Lee, and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
The stock market has had a volatile year, and it's not over yet: The Dow Jones Industrial Average lost more than 520 points on Monday and the S&P 500 fell 2.1 percent. During times of volatility, seasoned investor Warren Buffett says it's best to stay calm and stick to the basics, meaning, buy-and-hold for the long term. Market downturns are inevitable, Buffett pointed out, using his own company as an example: "Berkshire, itself, provides some vivid examples of how price randomness in the short term can obscure long-term growth in value.
The Justice Department asked an appeals court Dec. 17 to halt an anti-corruption lawsuit against President Donald Trump before tax returns and financial documents from Trump-connected businesses and people have to be provided under subpoena. Thirty-eight subpoenas have been sent so far to Trump associates and some federal officials. The trial court judge previously ruled that the case brought by the attorneys general of Delaware and Washington, D.C. could proceed, and authorized subpoenas that would give the plaintiffs insight into the financial operations of the Trump Organization, which operates a major hotel in D.C. that receives bookings from foreign officials and governments.
For example, if you use $10,000 to buy 200 shares of a $50 stock, all of your initial investment is at risk. If the stock falls 8% and you adhere to the golden rule of investing, you'd lose $800. If you started with half of a $10,000 position, or $5,000, you'd lose less if you were forced to cut losses at 8%.
The latest wave of energy market selling comes amid reports of swelling inventories and forecasts of record U.S. and Russian output. Heightened worries of a possible economic slowdown in 2019 have also added downward pressure to the value of a barrel of oil. Brent crude fell as much as 4 percent to as low as $57.20 a barrel on Tuesday, on track to register its third consecutive session of declines.
When that fear sets in, "you become totally hopeless," Orman says. For some, doing your best means making regular contributions that are matched by your employer: "If your corporation matches your contributions to your retirement accounts, you better be doing that," Orman says, because that's essentially free money. If you're looking for a more precise guideline, retirement-plan provider Fidelity Investments suggests you have 10 times your final salary in savings if you want to retire by age 67.
Euro Pacific Capital CEO Peter Schiff tells FOX Business that investors are too complacent and instead should be fearing a looming recession that will hit the U.S. economy. Investors are spooked by the impact a trade war with China may have on the U.S. economy ahead of the Federal Reserve’s final policy meeting of the year. The Fed is expected to hike interest rates for the fourth and final time on Wednesday at the conclusion of its two-day policy meeting.
Costco Wholesale Corp. CEO Craig Jelinek made 191 times more than the Issaquah-based company's median employee, according to a proxy disclosure filed Monday. It's the first time Costco has disclosed its pay gap since it became required under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
While it may be hard to believe, that’s not the worst first 18 months for a public company this decade on U.S. exchanges. Blue Apron can’t blame slumping oil prices for its woes -- the New York-based meal kit delivery service is the only non-energy company that finds itself within the bottom five debuts for U.S. based companies this decade. Blue Apron’s IPO in June 2017 was led by Goldman Sachs Group Inc. and Morgan Stanley.
While working from home -- or better yet on a remote island somewhere — isn’t new, the number of job opportunities popping up is. According to a new report compiled by FlexJobs on the current state of telecommuting, remote work has grown 115 percent over the last 10 years. Last year alone, job listings for certain remote positions have grown more than 50 percent.
Joseph Zidle, Blackstone, talks to the traders about why he's still bullish on the market. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
Rogers became CEO of Charlotte, North Carolina-based Duke in 2006 following its merger with Cinergy Corp. of Cincinnati. Terms called for Progress CEO Bill Johnson to head the combined company, but Johnson lasted for less than a day before former Duke board members outvoted their new colleagues and replaced him with Rogers.
Broadcom has a 3 percent dividend yield and a 23.1 percent payout ratio. CFRA has a "strong buy" rating and $282 price target for AVGO stock. Bank of New York Mellon is a U.S. bank with more than $34.5 trillion in assets under custody.
For much of the longest bull run in American history, retail investors could just throw some money into index ETF's. And if they picked some big winners in the market on top of that, they could beat the market. Beating the market now rests on a heavy dose of stock picking. "We wouldn't want passive exposure -- stock picking can add a lot of value," Amanda Agati, co-chief investment strategist for PNC Financial told TheStreet.
The Federal Reserve is expected to raise interest rates for the fourth and final time on Wednesday at the conclusion of their two-day policy meeting. On Tuesday, President Trump who has been unleashing a steady stream of criticism in recent months against the Fed, urged policymakers to ‘feel the market’ before raising rates. “I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake,” he wrote.
Now, we aren’t even in the same zip code, much less the same state,” he quipped of his recent returns in an interview with Bloomberg Television. “I think the message over eight or nine months is still great," said Druckenmiller, who converted his hedge fund to a family office after closing Duquesne Capital Management in 2010. The return of volatility was long heralded as key to a rebound in hedge fund performance.
And what do you know that’s coming that we don’t know that’s coming? And you could feed into a panic in financial markets and that’s certainly not something you’d want to do at this stage,” she told FOX Business’ Neil Cavuto Tuesday. The central bank is expected to raise the federal funds rate for the fourth and final time on Wednesday at the conclusion of its two-day policy meeting.
More than 55 percent of S&P 500 Index constituents are down 20 percent from their 52-week highs, nearing the level reached during the equity downturn in 2015 -- yet a similar widening in credit spreads isn’t evident, wrote chief U.S. equity strategist Tobias Levkovich in a note Tuesday. Most of Citigroup’s metrics argue that taking advantage of the weakness is appropriate, he said. We are cognizant that many fund managers are reluctant to step up, especially given relatively light trading next week due to holiday vacations, but the opportunities are available now,” Levkovich wrote.
Every time stock markets are in trouble, gold price climb. From a technical point of view, the first target is $1,260, with space for further rallies to $1,300 if the Fed tightens more slowly. This seems more likely after the more dovish comments from Jerome Powell lately, but also after the latest nonfarm payrolls report, which showed 155,000 jobs were added, well below the expected 200,000.
Call it a "dovish tightening." A jargony phrase like that is steeped in the arcana of Federal Reserve monetary policy, but it might best describe how many economists and traders are viewing this week's meeting by the central bank on where to set U.S. interest rates. "Tightening" refers to the likely decision by Fed Chairman Jerome Powell and other members of the Federal Open Market Committee to raise the benchmark U.S. short-term borrowing rate for the fourth time in 2018; over the past two years, the central bank has raised rates at a pace of 0.25 percentage point per quarter.