The Stock Market Is Having Its Worst Year in a Decade. Here's What to Do Now, Depending on Your Age

For instance, an investor with 90% in stocks and 10% in bonds at the start of the financial crisis in 2008 would have been down more than 40% in March 2009, when the market bottomed out. But, assuming they avoided cashing out, they’d have broken even by mid-2011, just over three years later, according to data from Morningstar. By the start of this year, they’d have more than doubled their money.

1,800 companies left California in a year — with most bound for Texas

A record number of companies are leaving California for states with a better business climate, and a new report shows that Texas remains their No. 1 destination. What’s more, the study’s author – for the first time in his career – is openly urging California businesses to relocate out of state. Texas’ rank as the top destination for California companies is especially significant considering that the large majority of corporate relocations cross only one state line, said Joseph Vranich, president of Pennsylvania-based Spectrum Location Solutions LLC. “A lot of people don’t want to be more than one hour from other members of their family they might be leaving behind, or their good friends or their favorite country club — whatever it is,” Vranich said in an interview with the Dallas Business Journal.

40-year veteran of Wall Street with an knack for market timing calls a bottom in stocks

The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, Raymond James' Jeff Saut says. The U.S. economy is not going to slow as much as expected and earnings will be strong next quarter, he adds. The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, longtime strategist Jeff Saut told CNBC on Thursday.

• 
  ‘People are underinvested,’ and they’re going to miss out, warns Wall Street vet

  MarketWatch
• Four experts weigh in on key market factors for 2019. Here's what you need to know

  CNBC

Ex-Porsche CEO Aims to Save Combustion Engine From Scrapheap

Using pulsed microwaves to ignite fuel rather than spark plugs or glow plugs, the engineers behind MWI Micro Wave Ignition AG say they can cut consumption of gasoline and diesel by as much as 30 percent, and emissions by as much as 80 percent, because the fuel burns at a lower temperature. Among its shareholders is Wendelin Wiedeking, the former chief executive officer of Porsche AG credited with reviving the iconic German sports-car maker. MWI has mandated Macquarie Capital to look for a buyer and international partner that can help to promote the new system and increase MWI’s financial firepower, according to people familiar with the matter.

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank's Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business -- the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding in Tokopedia to the Vision Fund. That latter detail is what held up this deal which had been agreed in principle back in October, TechCrunch understands.

Robinhood's three percent interest rate comes with caveat...

CNBC markets reporter Kate Rooney sits down with "Power Lunch" to explain how Robinhood, the banking app disrupting the market, might be successful.

• 
  Robinhood’s 3% Interest Checking Is Just a Money-Market Fund

  Bloomberg
• 
  Stock-trading app Robinhood takes aim at banks

  CNBC Videos

These Are the Fastest Growing Jobs and Skills Gaps Nationwide

LinkedIn just published its U.S. Emerging Jobs Report for 2018, measuring the fastest growing jobs and skills nationwide. Banking off an economic boom, the takeaways from the professional social network’s latest report tout big numbers for wage growth matched by a strong job market. LinkedIn says the race to recruit highly-skilled talent is especially competitive going into 2019.

• 
  The Jobs and Skills Employers Are Looking For

  Meredith Videos
• 
  This is the top emerging job of 2018

  Yahoo Finance Video

What we know so far about the $1B campus Apple is planning at Robinson Ranch

Like an Apple Inc. commercial, hundreds of employees crammed stairwells and against railings at the technology company’s North Austin office on Thursday to hear first-hand the news the company announced in the middle of the night. Austin is already home to the largest Apple (Nasdaq: AAPL) office outside Cupertino, Calif. This expansion will significantly increase the importance of the Texas capital to the global operations of the second most-valuable company in the world, with a market capitalization of $809.6 billion on Thursday afternoon. Site preparation will begin in 2019 on the new site, about a mile away from Apple existing campus at 5501 W. Parmer Lane, said Kristina Raspe, Apple's vice president of real estate.

• 
  Apple expanding in Austin, other US locations

  Associated Press Videos
• 
  Apple unveils plan for $1 bn campus in Texas, US expansion

  AFP Relax News

Here's how much you need to earn to live in the Bay Area's most expensive neighborhoods

While realtors and economists are seeing some signs that the Bay Area's housing market is starting to cool, median home prices in the region are up year over year. In the Bay Area's ritziest neighborhoods, rising home prices means the income needed to afford those jumbo mortgages are sky-high these days. Business Times' research crunched the numbers on Bay Area ZIP codes to find which ones require the highest salaries to afford a median priced home.

Robinhood, the start-up upending stock trading, goes after banks with 3% savings accounts

Popular online stock-trading platform Robinhood is offering checkings and savings accounts with an interest rate that’s roughly thirty times higher than the national average. “Robinhood Checking & Savings” accounts have no fees or account minimums, building off of the company’s free stock-trading model that ushered in 6 million users and a $5.6 billion valuation in its five-year existence. The company is launching a new app on Thursday that will house its stock trading alongside the checking accounts.

• 
  Robinhood’s 3% Interest Checking Is Just a Money-Market Fund

  Bloomberg
• 
  Stock-trading app Robinhood takes aim at banks

  CNBC Videos

Saudi Arabia Is Shipping 6,000 Tons of Shrimp a Week to China

The world’s largest oil exporter has shipped 6,000 tons of the crustaceans to China since last week, Ahmed Al-Bala’a, chief executive officer of the National Aquaculture Group, said in a statement. Saudi Arabia is testing the waters in China for shrimp as it seeks to reduce its reliance on oil and develop new industries and lines of business. Saudi shrimp exports to China should exceed 30,000 tons by the end of the year, said Al-Bala’a, whose closely held company operates a sprawling network of shrimp farms on the Red Sea coast.

Housing demand drops despite falling mortgage rates

CNBC's Diana Olick reports on the drop in housing demand despite falling mortgage rates.

• 
  Mortgage rates slide to 3-month low, as housing market green shoots appear

  MarketWatch
• A glance at US mortgage rates

  Associated Press

A Billionaire Vanished for 400 Days and His Empire Boomed

Before long, rumors swirled: Was the billionaire Mohammed Al Amoudi even alive? Al Amoudi, is "still alive" and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified. What’s remarkable about his situation is that despite his prolonged detainment, a result of Crown Prince Mohammed bin Salman’s crackdown on graft in the Kingdom, the bulk of Al Amoudi’s global business empire has boomed.

• 
  Senators push resolution condemning Saudi Arabia

  FOX News Videos
• 
  Exclusive: Trump says standing by Saudi crown prince despite pleas from Senate

  Reuters

Unabashed Bitcoin Bull Thomas Lee Says the Market Is Wrong

Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800, he said in a note Thursday. “Fair value is significantly higher than the current price of Bitcoin,” he wrote.

• 
  Bitcoin And Ethereum Daily Price Forecast – Legacy Crypto’s Make Significant Gains As Bears Take A Break

  FX Empire
• 
  How low will bitcoin go? 'Crunch time' for cryptocurrency as experts predict 2019 price

  The Independent

American Airlines 'service analysts' on flights upsetting some flight attendants

The world’s largest carrier appears to be concerned that frequent customers may be experiencing very different levels of service from flight to flight depending on the experience of the crew on board — something that could affect customers' decisions about whether to keep flying American. Furthermore, the appearance of the new service analyst on flights has rankled veteran American flight attendants who feel their presence is yet another way management is checking up on them. Flight attendants already were upset about new work rules introduced on Oct. 1 that many believe were unnecessarily punitive.

Make these 2 tax moves in time to cut your tax bill

Saving for retirement is a good idea, of course, but if you time things right and do your homework, some of your nest egg could also do double duty as a tax shield. Here are two simple savings maneuvers that tax pros say could also lower your tax bill — if you make them in time. The IRS doesn't make you pay income tax now on earnings that go directly from your paycheck to a traditional 401(k) plan (typically you pay the taxes when you withdraw the money).

• 
  3 Reasons to Retire as Early as You Can

  Motley Fool
• 
  Investment Options That Can Help Millennials Shed Risk Aversion

  Zacks