The new titans of Wall Street have their eyes on your savings (BX)

Private equity firms are killing it. Money typically follows performance, and so investors have been pouring funds into the private equity asset class in recent years. Nowhere is this more clear than at Blackstone, the largest publicly-traded private equity firm, which said Thursday that assets under management had hit a record high of $387 billion.

Here's How Money Managers Plan to Battle 401(k) Cuts in Trump's Tax Plan

Big money managers, already on guard to protect one of their richest sources of assets, are on alert as more details emerge on how prized 401(k) contributions could fall victim to President Donald Trump’s tax overhaul plan. The New York Times reported Friday that the administration may seek to limit pretax contributions to 401(k) plans to as little as $2,400 annually, down from the current maximum of $18,000 for most workers and $24,000 for those 50 years or older. The measure, rumored for months as a way to help offset the individual and corporate tax cuts that the Trump administration hopes to enact by year end, would essentially pull future tax revenues forward by requiring Americans to pay taxes on retirement savings now instead of when they tap their nest eggs.

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  Trump to try to rally House Republicans on Sunday call to speed up tax cuts

  Washington Post
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  OMB chief: Tax plan will reach Trump's desk by December

  POLITICO

Billionaire Ken Fisher Reveals the Stocks to Own in This Bull Market

Given where we are in the bull market, investors should own certain types of stocks according to billionaire Ken Fisher, founder and executive chairman of Fisher Investments. "When we're in the latter third of a bull market, you want to own big, well-known names and overwhelmingly in tech, healthcare, consumer staples, but not consumer discretionary -- telecom and also financials." For financials, Fisher prefers foreign financials over U.S. financials. "The U.S. banks are impacted by a flattening yield curve to the extent that the Fed raises short-term rates - which doesn't apply to foreign banks," he said. "Foreign banks' loan structure is markedly different than American banks' loan structure."

News Update – The Look Ahead

CNBC brings you fast, accurate, and actionable business news and market updates.

Warren Buffett's advice for CEOs touches on a key issue plaguing the US economy

Warren Buffett generally likes to take a hands-off approach when it come to investing in companies, but he has some advice for CEOs on how to run a business better. Warren Buffett, generally speaking, likes to take the hands-off approach with companies he and Berkshire Hathaway invest in.

Sorry Thomas Edison, It Could Be Lights Out for GE's Consumer Lighting Division

After reporting lower than expected quarterly profits and slashing its earnings outlook for 2017, General Electric's (GE) light bulb might be starting to burn out. After over 100 years of lighting darkened doorsteps, GE's consumer lighting division will likely be among the first of the $20 billion in assets that are sold or spun off as CEO John Flannery works to consolidate the aging company. GE formally put its consumer lighting division up for sale in June.  In a recent earnings call with investors, Flannery said "everything is on the table, and there have been no sacred cows." "Each GE business is being measured against a set of rigorous strategic and financial objectives," Flannery said.

ADP CEO on proxy battle: 'It's really about growing the top line'

Hedge fund manager Bill Ackman’s proxy fight against the largest payroll processor in the world, Automatic Data Processing (ADP), has challenged the company to answer criticisms about its operational performance and particularly inflated costs. ADP CEO Carlos Rodriguez told Yahoo Finance that the battle has focused a lot of talk on cost cutting when it should be about growing the top line. ADP’s margins stand significantly below its closest peer, Paychex (PAYX), but Rodriguez emphasized it’s not an apples-to-apples comparison.

How Student Loan Debt Affects Your Mental Health

Feeling stressed about money isn't uncommon, but for many people with student loans, the burden takes a toll physically and psychologically. According to a Student Loan Hero survey of more than 1,000 student loan borrowers, respondents reported experiencing anxiety, insomnia, headaches, social isolation, and more as a result of their student loan debt. Starting your career with tens of thousands of dollars in student loan debt can make the goal of financial security seem unattainable.

Why HR isn’t necessarily your friend if your boss has sexually harassed or bullied you

Experts say that workplace bullying is disturbingly common. A big part of the problem is that there are very few places bullied and harassed employees can turn to for help. Bullying bosses and toxic workplaces have dominated the headlines recently. Along with allegations of sexual assault and harassment perpetrated by movie mogul Harvey Weinstein, members of the entertainment industry have described how his brother Bob Weinstein would bully and verbally abuse staff. In a written statement to The Wall Street Journal, Weinstein said: “At times I have a temper, but I would not describe it as volatile, and I’m definitely not a bully.” The Weinstein company did not immediately return a request for

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  Eric Holder: Harvey Weinstein Revelations Must Prompt Culture Shift On Sexual Harassment

  HuffPost
• 
  Stop blaming the 1960s and '70s for Harvey Weinstein…and the rest of America's problems

  Philly.com

Investing Insights: Netflix, Microsoft, 401(k) Loans, & More

This week's news from Investing Insights, including Netflix's earnings, Microsoft's dividend, the economic outlook in China, and more.

Amazon, Alphabet, and GDP — What you need to know for the week ahead

The benchmark S&P 500 and tech-heavy Nasdaq also joined the blue chip index at fresh records in a week that was heavy on earnings, news on tax reform, and reports about who will be the next leader at the Federal Reserve. Notable earnings due out this week include Hasbro (HAS), General Motors (GM), Lockheed Martin (LMT), Caterpillar (CAT), McDonald’s (MCD), AT&T (T), Chipotle (CMG), AMD (AMD), Visa (V), Coca Cola (KO), Boeing (BA), Comcast (CMCSA), Ford (F), Celgene (CELG), UPS (UPS), Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT), Expedia (EXPE), ExxonMobil (XOM), and Chevron (CVX) among others.

Why 2018's Social Security COLA May Really Be Just $1

More than 66 million Americans will see a 2% increase in their monthly Social Security and Supplemental Security Income (SSI) benefits in 2018. But many will see their take-home pay stay about the same as it was in 2017. In dollars and cents, the average retired worker's monthly benefit will rise $27 to $1,404 in 2018 from $1,377 in 2017. But depending on what happens with Medicare premiums, many people could see little or nothing of that 2% COLA, said Elaine Floyd, director of retirement and life planning at Horsesmouth. By way of background, the SSA deducts the Medicare Part B premium, which helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled

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  7 Changes to Social Security in 2018

  Motley Fool
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  Here Are the 2017 and 2018 Social Security Earnings Test Limits

  Motley Fool

THE INSURTECH REPORT: How financial technology firms are helping — and disrupting — the nearly $5 trillion insurance industry

The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.

The last 8 years of labor market improvement have been disturbingly uneven

Abby Joseph Cohen, CFA, is a senior investment strategist at Goldman Sachs. The deep recession triggered by the financial crisis technically ended in the summer of 2009. Despite eight years of economic growth, the labor market improvements have been disturbingly uneven.

Store credit card applications skyrocket around Black Friday — but the discounts they offer come with a catch

Many retailers lure customers with store credit cards during the holidays, which offer discounts in exchange for loyalty. If you carry a balance, it's not a good financial move to sign up for one. Thankfully, shoppers no longer have to wait around for bargain holidays like Black Friday or Cyber Monday to get their fix.

Jack Bogle, Peter Schiff, Jim Cramer & Dave Callaway Share Black Monday Memories

We asked folks what it was like to live through the Black Monday Crash. 30 years later their stories shed light on a frightening moment for the markets and investors around the world. Jim Cramer spoke about hearing about warning signs and moving his clients into cash. While they were largely unscathed, Cramer recalled the what is now known as Terrible Tuesday and no one knew the value of their portfolios. Peter Schiff spoke about writing a letter to then Fed Chairman Allen Greenspan, who wrote back.  TheStreet Inc.'s (TST) CEO Dave Callaway recalled being a cub reporter in Boston and understanding the enormity of the day. Jack Bogle, founder of The Vanguard Group, told TheStreet's Anders Keitz

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  Vanguard Founder John Bogle Reflects on Black Monday

  The Street
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  TheStreet's top editors recall where they were on Black Monday, the results are interesting

  The Street

California judge tosses $417 million talc cancer verdict against J&J

The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family members who accuse J&J of not adequately warning consumers about the cancer risks of its talc-based products. The decision followed a jury's decision in August to hit J&J with the largest verdict to date in the litigation, awarding California resident Eva Echeverria $70 million in compensatory damages and $347 million in punitive damages.

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  Johnson & Johnson granted new trial over $417m ovarian cancer award

  the Guardian
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  Can baby powder lead to ovarian cancer? Judge tosses $417M verdict against Johnson & Johnson

  Newsweek

If You Want to Compete With Amazon, You Need PayPal: Jim Cramer

For merchants who want to compete with Amazon (AMZN) , they have to have PayPal (PYPL) , according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.  "That's why you'll see 17 million merchants [using the platform]," Cramer said.  Watch all of Jim Cramer's latest videos, right here: Video: Jim Cramer Reacts to Procter & Gamble's Results WATCH: Jim Cramer on Honeywell vs. General Electric Watch: General Electric Should Cut Its Dividend, Jim Cramer Says Watch: Jim Cramer Reveals The Greatest Worldwide Retailer

IBM earnings beat is a product of tax avoidance, and it’s nothing new

IBM Corp. somehow managed to maintain its rock-bottom effective tax rate in Tuesday’s earnings report, riding its continuing ability to avoid taxes to an earnings beat and after-hours stock gains. IBM IBM, +0.73%  managed to beat expectations for profit and sales despite revenue declining for a 22nd consecutive quarter, to $19.15 billion from $19.22 billion a year ago. Even coming that close to break-even helped IBM stock push 8.9% higher Wednesday, combating a slide that had seen shares decline 11.7% so far this year, as the S&P 500 index SPX, +0.51%  has gained 14.3% and the Dow Jones Industrial Average DJIA, +0.71%  has gained 16%.. The company’s profit also topped analyst estimates, at $2.92

• Central European Media Enterprises Ltd. (CETV) Set to Announce Earnings on Tuesday

  The Cerbat Gem
• Swift Transportation Company (KNX) Set to Announce Earnings on Tuesday

  The Cerbat Gem