Mark Cuban: Why you should buy a two-year supply of toothpaste

When it comes to saving big, small changes are a good start. "If you try to downsize your house, get rid of all yours cars and make all of these drastic changes, it's so overwhelming and you're not going to do any of it," says self-made millionaire Chris Reining, who banked over half his income to retire at age 37. "The small changes will lead you to be able to make the big changes." You could start by saving on toothpaste, for instance. Why Mark Cuban and other famous people don't use credit cards    10:18 AM ET Fri, 26 May 2017 | 00:58 In a recent interview with Vanity Fair, billionaire Mark Cuban shared exactly how to do that: Buy in bulk and on sale. "It's so hard to make a return on regular

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."

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.

Just keep buying? 7 trades

The Fast Money traders discuss the Dow, S&P and Nasdaq all hitting fresh records. The S&P 500 adding nearly $4 trillion in market cap since the election. Stocks are at all-time highs and America is getting rich.

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: Lawmakers should forgo Christmas for tax reform

  The Hill
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  Trump could avoid killing your property tax deduction by ending this perk for the rich

  NJ.com

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.

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  What To Expect From General Motors' Q3

  Forbes
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  The Only Surprise At GE Was That Anyone Was Surprised

  Forbes

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.

China ETFs in Focus as GDP Growth Slows

China’s National Bureau of Statistics said that the country’s GDP grew 6.8% year over year in the third quarter compared with 6.9% in the second quarter. However, GDP growth came in line with market expectations. Moreover, the GDP grew 1.7% sequentially

Facebook to Build Subscription Platform via Instant Articles

Facebook Inc. FB recently announced that in the coming weeks the company will experiment with “news subscription models in Instant Articles” that will enable news publishers to add subscribers to their platforms. For the test, Facebook has partnered with 10 U.S. and Europe-based publishers. Per the blog post, the trial will provide publishers with two options – metered model and freemium model – to choose from.

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  Australia's cautionary tale on LNG exports

  Axios
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  A new North Korea problem

  Axios

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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  Here's How You Can Get a Bigger Check From Social Security

  The Cheat Sheet
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  9 Lies You've Been Told About Social Security

  The Cheat Sheet

Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss

Oilfield service giant Schlumberger Limited’s SLB third-quarter 2017 earnings of 42 cents per share (excluding charges and credits) were in line with the Zacks Consensus Estimate. The bottom line improved from the year-earlier adjusted figure of 25 cents

• MidSouth Bancorp (MSL) Rating Lowered to Hold at Zacks Investment Research

  The Cerbat Gem
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  What Do Analysts Think About Tricon Capital Group Inc’s (TSX:TCN) Growth?

  Simply Wall St.

The market sentiment doesn't seem so euphoric if you look beneath the surface

2) The miserable person who tries to short and fade everything every day. You might think “who the heck is still shorting this market?” You’d be surprised! There are so many traders I talk to who continue to be obsessed with shorting. I have nothing against shorting, I just don’t believe in shorting in a bull market. Many of these traders wait anxiously for “end of the world” type headlines to cross the newswires and cheer for disasters.

Roche (RHHBY) Reports Sales Numbers for First 9 Months

Roche Holding AG's RHHBY reported sales of CHF39.4 billion in the first nine months of 2017, up 5% from the year-ago period. Sales at the Pharmaceuticals division increased 5% driven by strong growth in Tecentriq, Ocrevus, Alecensa and Perjeta which was partially offset by lower sales of Tarceva, Tamiflu and Avastin. Diagnostics division sales climbed 5% primarily on the back of strong immunodiagnostic business.

The IRS increased 401k contribution limits by $500—here's what that means for you

On Thursday, the IRS announced that 401(k) contribution limits will increase by $500. In 2018, employees who participate in the employer sponsored plan will be able to contribute as much as $18,500 per year, up from $18,000. Contribution limits were last increased in 2015 when they went from $17,500 to $18,000. Doesn't sound like a big deal? It is. That extra $500 could help you more than you may think. As personal finance site NerdWallet points out, it could mean up to $70,000 more in your retirement account. The definitive guide to retirement savings plans    10:50 AM ET Wed, 9 Aug 2017 | 01:51 The site calculated how much bigger your retirement fund would get if you started investing an additional

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  401(k) Contribution Limits Are Going Up for 2018 -- but That Won't Affect the Average American

  Motley Fool
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  Republicans eye capping 401(k) pretax contributions

  New York Daily News

As major retail stocks rebound, could this be the beginni...

The “Fast Money” traders discuss the retail stocks soaring and whether a resurgence is overdue.

It's Worth Tuning In to Verizon

No matter what Verizon Communications Inc. does, the only response it seems to elicit is more yawns. But investors might want to pay better attention. This week, the carrier kicked off the industry's earnings season with another solid quarter of results, including the addition of 603,000 retail wireless customers. That brings Verizon's total to above 115 million, likely extending its lead over AT&T Inc., T-Mobile US Inc. and Sprint Corp., which will release their own figures in the coming weeks. Sure, Verizon had to cave and offer competitive unlimited-data packages to be able to bring in so many new customers. But it helps being the best and most profitable network -- it means Verizon can afford

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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  $417M jury award against Johnson & Johnson thrown out by judge

  CBS News

Fed's Mester calls for balance on bank regulation rethink

Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation across borders, and to aim for simplicity but not over-simplification. Nodding to such concerns, Mester told an audience at Columbia University that banking regulators need a framework that allows them to reduce the burden on small banks while maintaining higher standards for systemically risky banks.

GE vows $20 billion asset sales, 'sweeping change' as profit falls

General Electric Co's (GE.N) new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. GE badly missed Wall Street expectations and slashed its full-year forecast, sending shares down as much as 6 percent early in the day. Investors are pushing for big change after more than a decade of frustration at poor returns from the 125-year-old maker of power plants, jet engines, medical devices and other industrial equipment.

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  Profit Woes Plague Mobile Mini

  Motley Fool
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  BRIEF-Abu Dhabi Islamic Bank Q3 group profit rises

  Reuters

Iraq increases oil exports from south to make up for Kirkuk shortfall

Iraq said on Saturday it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields. The output from Kirkuk fell this week when Iraqi forces took back control of oilfields from Kurdish fighters who had been there since 2014.

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  Kurds warn of humanitarian crisis as Iraq takes control of Kirkuk

  UPI
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  Iraq hikes southern oil output to make up for Kirkuk losses

  AFP

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