• Today’s Market — What History Tells Us
    InvestorPlace2 days ago

    Today’s Market — What History Tells Us

    Going by historical market data, this bearish reversal might actually be pointing toward bullish market action The market just completed a bearish trading pattern … so it looks like more gains are coming. Huh? Obviously, that sentence makes no sense.

  • Avoid Paying Taxes on Social Security Income
    Investopediayesterday

    Avoid Paying Taxes on Social Security Income

    Some people have to pay federal income taxes on the Social Security benefits they receive. Typically, this occurs only when individuals receive benefits and have other substantial sources of income from wages, self-employed earnings, interest, dividends, required minimum distributions from qualified retirement accounts, and other taxable income that must be reported on their tax returns. Taxable Social Security Income In accordance with Internal Revenue Service (IRS) rules, you won't pay federal income tax on more than 85% of your Social Security benefits.

  • Huawei's 'fake demand' distorted global semiconductor growth
    Yahoo Finance2 days ago

    Huawei's 'fake demand' distorted global semiconductor growth

    In the months leading up to Washington's decision to ban Huawei from doing business with US suppliers, the Chinese company stockpiled nearly a years worth of components in anticipation of coming headwinds. Now, the global semiconductor sector may have to pay for it. In all, analyst Sebastian Hou says the Chinese company's inventory buildup added 8% to the chip sector's global revenue growth in the 1st quarter, or $35 to $40 billion.

  • Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official
    Reutersyesterday

    Jet Airways founder Naresh Goyal and wife stopped from leaving India - airport official

    The couple were taken into custody by immigration officers, the Indian Express reported, citing sources. Local media, citing sources, reported earlier this month that the ministry of corporate affairs had been looking into Jet's books and had asked for a corporate fraud investigation into the airline, suspecting that its promoters siphoned off funds. Once one of India's largest carriers, Jet was forced to ground all flights last month after running out of money and failing to secure funds, crippled by mounting losses as it attempted to compete with low-cost rivals.

  • Reuters2 days ago

    First American says product defect could have caused customer data exposure

    The statement was sent in response to a report by security news website Krebs on Security, which said First American's website had exposed about 885 million files dating back to 2003. First American said it had shut down access to the application and was evaluating the impact of the defect. Digitized records including bank account numbers and statements, mortgage and tax records, social security numbers, wire transaction receipts, and drivers license images were available without authentication to anyone with a web browser, according to the Krebs on Security report http://bit.ly/2HQUbkj.

  • Judge: Anheuser-Busch must pull some ads about MillerCoors
    Associated Pressyesterday

    Judge: Anheuser-Busch must pull some ads about MillerCoors

    A Wisconsin judge has ordered Anheuser-Busch to stop suggesting in advertising that MillerCoors' light beers contain corn syrup, wading into a fight between two beer giants that are losing market share to small independent brewers. U.S. District Judge William Conley for the Western District of Wisconsin on Friday granted a preliminary injunction sought by MillerCoors that temporarily stops Anheuser-Busch from using the words "corn syrup" in ads without giving more context. MillerCoors sued its rival in March, saying St. Louis-based Anheuser-Busch has spent as much as $30 million on a "false and misleading" campaign, including $13 million in its first commercials during this year's Super Bowl.

  • How China could use its massive US debt holdings as a trade war weapon
    CNBC Videos2 days ago

    How China could use its massive US debt holdings as a trade war weapon

    China is currently the largest holder of U.S. government debt. It now owns $1.12 trillion in U.S. Treasury bonds. If China decided to sell off its U.S. government debt holdings as a form of retaliation in the ongoing trade war with the U.S. and President Donald Trump, it could upend global financial markets and drive U.S. interest rates higher.

  • Is It Smart to Get a House Through Rent-to-Own?
    MoneyWiseyesterday

    Is It Smart to Get a House Through Rent-to-Own?

    Tired of paying rent and having nothing to show for it, but also not sure you could get a mortgage? A rent-to-own agreement is a kind of middle ground between renting and homebuying. Let's take a closer look at rent-to-own, and whether it's right for you.

  • Model Emily Ratajkowski: 'organic content is king' in brand building
    Yahoo Finance8 hours ago

    Model Emily Ratajkowski: 'organic content is king' in brand building

    Emily Ratajkowski knows a thing or two when it comes to building a brand. The actress and top model has 22.8 million Instagram followers, her own bodywear, swimwear & intimates line, and is also the “Chief Taste Officer” of BABE, a sparkling canned wine brand. Recently, Ratajkowski said the key to her success stems from her beginnings as a social media influencer.

  • U.S Mortgages – Mortgage Rates Fall for a 4th Consecutive Week
    FX Empire16 hours ago

    U.S Mortgages – Mortgage Rates Fall for a 4th Consecutive Week

    Mortgage rates fell for a 4th consecutive week in the week ending 23rd May. 30-year fixed rates fell by 1 basis point following on from a 3 basis point fall from the previous week. The 1 basis point fall took 30-year rates to 4.06% according to figures released by Freddie Mac. Following the weekly fall, 30-year fixed rates stood 60 basis points below levels from 12-months ago.

  • Here's how the world's billionaires make their money
    Yahoo Financeyesterday

    Here's how the world's billionaires make their money

    Most billionaires in the world didn't inherit their wealth. Most billionaires put their money into public holdings — 36.4% of their portfolios were allocated to this asset class — followed by private holdings at 35%, liquid assets such as cash at 26.4%, and real estate and luxury assets at around 2.2%. Breaking the group down, those with $1 to $2 billion in assets generally invested mostly in liquid assets, while those with over $50 billion invested mostly in public holdings.

  • Fox Businessyesterday

    Uber’s first employee, who’s now a billionaire, resigns from company’s board of directors

    Uber's first employee, who's now a billionaire, has informed the company that he is resigning from the board of directors, according to an SEC filing Friday. The filing from Uber Technologies Inc. stated Ryan Graves told the company of “his intention to resign as a member of the Company's board of directors, effective as of May 27, 2019, including any committees of the board of directors on which he serves.

  • Build better money habits with these 3 simple steps
    CNBCyesterday

    Build better money habits with these 3 simple steps

    According to research from Duke University, habits make up around 45% of our daily behaviors . If there's an aspect of your financial life you want to change — save more for retirement or cut out superfluous spending — the best way to make a lasting change is to tweak your daily habits . If you've ever set a lofty New Year's resolution and failed to keep it — as 88% of people do, according to a 2007 survey by British psychologist Richard Wiseman — then you know how hard it can be to try to make a dramatic change overnight.

  • TheStreet.com6 hours ago

    Amazon Is Headed to $3,000 a Share, Says Bullish Piper Jaffray Note

    was rising in premarket Friday after analysts at Piper Jaffray said shares of the online retailing giant will reach $3,000 between mid-2021 and mid-2022. A potential AWS spin-off, however, would, no doubt, help to highlight the relatively low valuation of the other segments," analyst Michael Olson wrote. Piper Jaffray used a two-pronged strategy to evaluate Amazon's valuation, a traditional brick-and-mortar multiple for the company's core retail business and a discounted e-commerce multiple.

  • The blockchain/crypto week in quotes
    Coin Rivet7 hours ago

    The blockchain/crypto week in quotes

    “Facebook's announcement of GlobalCoin is the trojan horse that will bring blockchain adoption to the masses. Through Facebook and Whatsapp, potentially hundreds of millions of people will use it. Mark Zuckerberg has looked beyond the hype, and seen the potential of cryptocurrencies for low-cost, reliable cross-border transfer of payments.

  • Michigan Legislature approves bill to cut high auto premiums
    Associated Press2 days ago

    Michigan Legislature approves bill to cut high auto premiums

    Michigan's Legislature on Friday passed a landmark bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries. The votes followed the announcement of an agreement between Republican legislative leaders and Democratic Gov. Gretchen Whitmer. She said the legislation would guarantee rate reductions for every motorist and offer choice among personal injury protection, or PIP, levels.

  • Cramer: Consider what you want from the market before diving into stocks
    CNBC Videos2 days ago

    Cramer: Consider what you want from the market before diving into stocks

    Jim Cramer shares a piece of advice with investors looking to make some money from stock-picking.

  • NBC's Natalie Morales had an 'eye-opening' job at a bank before journalism
    Yahoo Finance2 hours ago

    NBC's Natalie Morales had an 'eye-opening' job at a bank before journalism

    Chemical Bank came to my college at Rutgers, recruited me because I speak Spanish, Portuguese, and was a journalism major and writer,” she told Yahoo Finance's “My Three Cents with Jen Rogers. So I kind of went into the job thinking, 'If this gives me greater appreciation and understanding of finance, then I'm getting sort of a paid-for MBA out of this,' which is what it ended up being,” she said. Morales joined the management training program at the famed Chemical Bank not long before it merged with Chase Manhattan Bank, now JP Morgan Chase (JPM).

  • Newly legalized hemp industry set to create a jobs boom in the US
    CNBCyesterday

    Newly legalized hemp industry set to create a jobs boom in the US

    A provision in the 2018 Farm Bill makes hemp, marijuana's no-buzz cousin, no longer a federally illegal substance. It allows farmers and other cultivators to grow the leafy, lanky plant and sell its harvest to processors so they can make hemp-based products ranging from foods, beverages and cosmetics to paper, clothing and building materials. Twenty-four states have hemp farming.

  • TheStreet.com7 hours ago

    Micron Bears Have Some Serious Soul Searching to Do Now

    Inevitably, reality sets in, and the market comes crashing down, as it did last year, taking Micron stock with it. Just look how much money some people lost, the bears say, in Micron's 50% decline from its 52-week high of $64.66, on June 1 of last year, to a recent $34.02. Things can get worse for Micron's earnings estimates, but that doesn't mean the stock will continue to crater.

  • Benzingayesterday

    Barron's Picks And Pans: Boston Beer, MGM, Target, Visa And More

    This weekend's Barron's cover story takes a look at digital payments giants. Other featured articles review the top dividend payers of the first quarter; placing bets on the future of tech; tariffs and the price of beer. Also in the issue: the prospects for a lagging hospitality giant, an agriculture spinoff and two very different retailers.

  • TheStreet.com6 hours ago

    Buy Alibaba Shares on the Dip, Says Stifel, Adding It to Select List

    The recent decline in Alibaba shares represents a good buying opportunity, wrote Stifel analyst Scott Devitt on Friday, adding the Chinese e-commerce giant to the company's Select List of top investments. The stock has fallen 20% to $156 a share since the close on May 3, the last trading day before President Trump imposed higher tariffs on Chinese goods just as the market was pricing in optimism a trade deal would be agreed on. Devitt noted the stock is down 12% since May 15 when Alibaba reported a stellar earnings report in which it beat earnings per share estimates by 33% on the back of explosive revenue growth in cloud computing and strong performance in its core e-commerce business.

  • China's largest chipmaker is delisting from the Nasdaq
    TechCrunch2 days ago

    China's largest chipmaker is delisting from the Nasdaq

    SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for those holding U.S-based ADRs. In its announcement, SMIC said it plans to delist for reasons that include limited trading volumes and "significant administrative burden and costs" around the listing and compliance with reporting. What it doesn't say is that this is linked to the frosty relationship between the U.S. and China, and already the company has played that rationale.

  • TheStreet.comyesterday

    2 Strategies for Tapping Into Dividend Royalty

    The answer is a firm "no." Companies can qualify for the Dividend Kings provided they have 50 years plus of quarterly dividend increases each year, or the Dividend Aristocrats should they increase the quarterly dividends paid to shareholders for at least 25 years. Should a company fail to boost its quarterly dividend one year, it's off the list, but in examining these year-over-year increases they don't need to be big ones to qualify and continue to earn a passing grade. The number of changes to the Dividend Kings list is rather few and far between compared to the Aristocrats, which can see some changes year to year.

  • U.S.-China trade, Costco earnings — What to know in the week ahead
    Yahoo Finance6 hours ago

    U.S.-China trade, Costco earnings — What to know in the week ahead

    Last week, the Dow closed lower for the fifth straight week, and it could be another turbulent week for markets as investors continue to monitor negotiations progress between the U.S. and China. The recent incoming economic data in the U.S. has been weak and thus is pointing to a soft second quarter. What surprises us is that, despite these signs of a rapid slowdown in US economic growth and the renewed escalation in trade tensions, the S&P 500 has held up surprisingly well,” Capital Economics wrote in a note Friday.