• The new titans of Wall Street have their eyes on your savings (BX)
    Business Insider10 hours ago

    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
    Bloomberg14 hours ago

    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.

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

    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
    Business Insideryesterday

    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
    The Street7 hours ago

    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.

  • The last 8 years of labor market improvement have been disturbingly uneven
    Yahoo Finance9 hours ago

    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.

  • Cramer: Don't chase stocks in the year's biggest earnings...
    CNBC Videos2 days ago

    Cramer: Don't chase stocks in the year's biggest earnings...

    Jim Cramer urges investors to wait for pullbacks to employ their buying strategy ahead of a busy earnings week.

  • Why HR isn’t necessarily your friend if your boss has sexually harassed or bullied you
    MarketWatch51 minutes ago

    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

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

    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.

  • Real Money7 hours ago

    GE's Dividend Saga Is Far From Over

    "Unacceptable" is how John Flannery, the chief executive officer of General Electric Co. (GE) , described the company's most recent quarterly results. "Things will not stay the same," he said on a conference call Friday in which he also slashed GE's 2017 projections and outlined restructuring plans. One other thing that may not the stay the same is the company's $0.96 cents per share dividend, which translates into a 4.04% current yield. Flannery had previously pledged to maintain the struggling conglomerate's dividend, but even that is now on the chopping block for 2018. It's a "reset year," he said. So what say analysts about the news that GE isn't committed to maintaining its dividend? "The

  • TheStreet.comyesterday

    Facts of Black Monday 1987, the Worst Single Day In Stock Market History

    The financial markets have changed a lot since Oct. 19, 1987, or Black Monday when the Dow crashed more than 500 points and for a brief period the world geared up for the next Great Depression. The assets traded, the technology and speed at which they

  • How Student Loan Debt Affects Your Mental Health
    Credit.com12 hours ago

    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.

  • Amazon, Alphabet, and GDP — What you need to know for the week ahead
    Yahoo Finance6 hours ago

    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.

  • MarketWatchyesterday

    3 reasons Express Scripts could be headed for trouble

    Pharmacy-benefit managers, the secretive, opaque middleman in the pharmaceutical supply chain, have never been more powerful. Express Scripts Holding Co. (ESRX) , the largest stand-alone PBM, is chief among those players. Health insurer Anthem Inc. (ANTM) is Express Scripts’ biggest client, and the two have had a 10-year PBM contract since 2009.

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

    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

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

    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

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

    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.

  • Investing Insights: Netflix, Microsoft, 401(k) Loans, & More
    Morningstar2 days ago

    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.

  • California judge tosses $417 million talc cancer verdict against J&J
    Reuters2 days ago

    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.

  • THE INSURTECH REPORT: How financial technology firms are helping — and disrupting — the nearly $5 trillion insurance industry
    Business Insider14 hours ago

    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.

  • Real Money8 hours ago

    5 Stocks That Look Good Short

    The following commentary was sent to subscribers of Trifecta Stocks on Friday. Trifecta Stocks is a long-only model portfolio, but we are anxious to give our subscribers insight into stocks that may pose interesting investing opportunities on the short side.  Using recent actions and grades from Quant Ratings and layering on technical analysis of the charts of those stocks, we will identify up to five names each Friday that look bearish. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.  Virtu Financial Inc.  (VIRT) recently was downgraded to Sell with

  • Real Moneyyesterday

    These Stocks Are Set to Rally as Dow Puts Its Target on 30,000

    Might as well go ahead and start getting the hats made now -- the Dow Jones Industrial Average has its sights set on 30,000. At this point, that's more a question of "when" than "if". At the start of this year, the Dow pushed past 20,000 for the first time in history. And this month, the Dow has just definitively blown past 23,000. Before we get any further, let's be clear about one thing: there's no particular significance to the 30,000 number versus Dow 29,999. While there are some psychological effects around eclipsing a big round number for the broad market indices, hitting Dow 30k is all about the fact that we're in the midst of a rip-roaring equity rally that's not showing any signs of

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

    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

  • Money Talks News2 days ago

    Government Says You Can Stash Away More for Retirement in 2018

    Folks with workplace retirement plans will be able to save more money in their accounts next year. This increase from $18,000 for tax year 2017 is known as a cost-of-living adjustment, or COLA. Under federal law, the U.S. Department of the Treasury — which includes the IRS — must evaluate annually whether to make such adjustments to retirement plan contribution limits.

  • MarketWatch7 minutes ago

    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. As MarketWatch reported earlier this month, IBM has had the second-lowest median effective tax rate of the 30 Dow Jones Industrial Average (^DJI) components over the past five quarters, with only General Electric Co. (GE) getting away with paying less.