Kevin O’Leary is right about cars, and his logic can save your retirement

Financially speaking, though, car ownership today is a terrible idea, O’Leary said. You’re thinking about buying a car. Let me give you a new idea: Don’t,” O’Leary said on CNBC.

You can contribute more to your 401(k) and IRA in 2019

Deductions for these contributions are subject to income phaseout ranges, depending on their earnings and if they have access to a workplace retirement program: • For 2019, single taxpayers covered by a workplace retirement plan have a phaseout range between $64,000 and $74,000, which means anything below $64,000 is fully deductible and anything above $74,000 is not. For married couples filing jointly, where the spouse making the IRA contributions is covered by a workplace retirement plan, the phaseout range is $103,000 to $123,000.

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  4 Tax Mistakes to Avoid in 2019

  Motley Fool
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  Didn't Save Enough in 2018? 5 Things to Do Differently Next Year

  Motley Fool

How the rich get richer in every type of stock market

Keep more In this case, researchers looked at the performance of groups of investors in the Indian stock market. What they wanted to know was, how do the rich get richer in the stock market? The answer, simply enough, is that they take the long view, that is, they hold stocks through downturns.

Global Markets: Asian shares hobbled by mounting risks to global growth

Asian share markets began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the broadening impact of international trade frictions. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent in Monday trade, led by losses in China and Hong Kong. The CSI 300 of Shanghai and Shenzhen share index dropped 0.9 percent Other markets showed some resilience.

Tesla puts more cars on sale to maximize $7,500 EV tax credit

Tesla really, really wants to be sure buyers can make the most of the full $7,500 EV tax credit before it's cut in half for the company in 2019. Elon Musk has announced that the automaker is now selling "all" cars where the original customer can't take delivery before the end of 2018. If you're quick on the draw, you could get the full credit even if you're placing an order for the first time.

SoftBank is a 'interesting package' for investors

Investors are drawn to the SoftBank IPO as there is an attractive dividend yield and a "cash cow" that the company's mobile market, says Martin Schulz, a senior research fellow at the Fujitsu Research Institute.

With Saudi Arabia Preparing to Slash Shipments to U.S. Refiners, Crude May Be One Big Inventory Draw Away from Sparking Rally

Although U.S. West Texas Intermediate and international-benchmark Brent crude oil finished lower for the week, February WTI crude oil managed to hold the minor bottom at $50.31, while remaining well-above the main bottom at $49.60. February Brent crude oil held its minor bottom at $58.39 and its main bottom at $57.78. At the same time, WTI remained well-below its recent minor top at $63.71 and Brent under its last minor top at $63.71.

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  Oil Price Fundamental Weekly Forecast – Needs Major Shake-up in U.S. Supply to Force Short Hedge Funds to Cover

  FX Empire
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  Oil prices rise, but global economic concerns weigh

  Reuters

Health Stocks Prepare for Market Jolt After Obamacare Ruling

U.S. health-care stocks are poised for a potentially ugly trading session Monday as investors weigh in on a judge’s ruling that Obamacare is unconstitutional. A judge sided with Texas Friday in a lawsuit alleging that Congress’s decision in 2017 to kill a related tax penalty essentially voided the entire Affordable Care Act. While many analysts expect the ruling to be reversed by higher courts, the news adds to volatility in a sector that had barely recovered from political overhangs this year and yet remains the top performing sector in the S&P 500.

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  Obamacare Was Ruled Unconstitutional By A Federal Court — But You Can Still Get Coverage

  Refinery29
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  Chuck Schumer Urges Congressional Vote Rejecting Obamacare Ruling

  HuffPost

How A NASA Scientist Could Trigger The Next Cannabis Boom

Just like major oil companies such as ExxonMobil or Royal Dutch Shell used their superior Big Data capabilities to streamline their supply chain and muscle their way to the top of the oil distribution chain, this company is positioning itself to become the “Vertical Integrator of Cannabis” by leveraging the first large-scale integration and automation drive in the medical cannabis industry Their operations require just 10 percent of the staff of a traditional operation And for now, it remains “little-known” because just as early investors failed to understand that Amazon was a technology company first and a retail operation second … the same thing could unfold in the cannabis sector.

Here’s what smart rich people really do with their nest egg

Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.

The market has been 'very bearish' for months: Bank of Si...

Gareth Nicholson of Bank of Singapore says the focus from this week's Federal Reserve meeting will likely be around the "discussions" as an actual interest rate hike is "probably baked in already."

China’s $856 Billion Startup Juggernaut Is Getting Stuck

Some of this comes from China’s technology giants turning themselves into conglomerates. For years, China relied on cash subsidies to encourage development of key industries. As of the first half, various levels of the government had established 1,171 guidance funds, aiming to raise and deploy a staggering 5.9 trillion yuan ($856 billion) according to China Venture.

Robinhood Backtracks on Checking and Savings Accounts After Regulatory Concerns

Robinhood’s no-fee, 3% interest checking and savings accounts might have been too good to be true. The financial technology startup known for its stock trading app and cryptocurrency exchange introduced the cash management option that seemed to casual consumers to replace traditional bank accounts last week. “We’re excited and humbled by the response to yesterday’s announcement of Robinhood’s cash management program launching in 2019,” Robinhood’s co-founders wrote in a blog post Friday.

Asian Stocks Mixed as Sell-off Eases; Yuan Steady: Markets Wrap

Treasury yields steadied just below 2.90 percent. U.S. equity futures edged up with stocks in Japan and Australia, while shares fluctuated in Shanghai and Hong Kong. With global growth forecasts for 2019 being questioned amid the U.S.-China trade tussle, investors may get some clues on the policy path from this week’s Federal Reserve meeting and press conference from Chairman Jerome Powell.

Executive's arrest, security worries stymie Huawei's reach

While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant's ambition to be a leader in next-generation telecoms is colliding with security worries abroad. Australia and New Zealand have barred Huawei Technologies Ltd. as a supplier for fifth-generation networks. They joined the United States and Taiwan, which limit use of technology from the biggest global supplier of network switching gear.

• AP Top Extended Financial Headlines at 8:10 p.m. EST

  Associated Press
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  Security fears could stymie Huawei’s global ambitions

  MarketWatch

Suze Orman has a killer question for your retirement

Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah and Bono, she’s nearly a one-name-only celebrity.

These are the bad things about early retirement that no one talks about

For the first year after leaving my job, I wondered how the business was doing without me. Could they really survive without my expertise? After all, I was there for 11 years.