Warren Buffett identifies the 'best way' to address income inequality

Legendary investor Warren Buffett, the third richest person in the world, argues in a new interview that the best way to address income inequality is through the Earned Income Tax Credit. "[I] think the Earned Income Tax Credit is the best way to put money in the pockets of people that don't fit well under the market system, but that are perfectly decent citizens," Buffett, the CEO of Berkshire Hathaway (BRK-A, BRK-B), said in a wide-ranging interview with Yahoo Finance's editor-in-chief, Andy Serwer. The Earned Income Tax Credit is a refundable tax credit that goes to millions of low- to moderate-income workers, particularly parents, to supplement their earnings.

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  Warren Buffett argues best way to address income inequality is through Earned Income Tax Credit

  Yahoo Finance Video
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  Charlie Munger praises this 1 trait of Warren Buffett's—without it, 'you won't get very far in life'

  CNBC

10 High-Yielding Dividend Stocks That Won't Wilt

This dynamic also applies to high-yielding dividend stocks to buy. While I don't want to debate various economic theories, it's fair to say not all high-yielding dividend stocks are speculative. For this list, I've picked out 10 publicly traded companies that have a dividend yield of at least 3%.

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  2 Ultra-High-Yield Dividend Stocks for Low-Risk Investors

  Motley Fool
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  3 Dividend Stocks That Pay You More Than Pepsi Does

  Motley Fool

Forex Daily Recap – The Euro Bulls Took Advantage of Weak US Home Sales Data

However, the pair uplifted 0.23 percent reaching the day's high near 1.1263 levels. The pair made the upswing on the back of weak US Home Sales data. At 14:00 GMT, the US Existing Home Sales data reported even below the market-expected bearish numbers.

Retire early: Can ordinary Americans find financial independence and stop work by 50?

Dogen started his FIRE journey with a $40,000 salary in 1999 in Manhattan and was pulling in more than $300,000 – with his wife – when he reached financial independence 13 years later. Leif Dahleen, the author of the blog Physician on FIRE and an anesthesiologist by trade, was making about $400,000 when he realized he could retire early, but he's keenly aware that accomplishing FIRE is a lot harder for those making the median income of $62,000. After taxes, they have a $50,000 budget.

U.S. existing home sales fall more than expected in March

U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month. February's sales pace was revised down to 5.48 million units from the previously reported 5.51 million units.

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  This Week: US home sales, Tesla earns, Amazon earns

  Associated Press
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  U.S. home sales tumble as supply constraints linger

  Reuters

7 Big Oil Targets That May Go Next After Chevron-Anadarko

Chevron's recent $33 billion takeover of Anardarko Petroleum could unleash a major wave of M&A activity in the oil industry, according to some industry experts and analysts. “Different from last year, this transaction could also 'kick-start' investor interest in E&P's with current valuations looking attractive, [free cash flow] generation that is growing, oil prices that are well above most budgets while service costs remain benign, and now possible interest by the Majors making the prospect for larger premiums and a cash component,” RBC analyst Scott Hanold wrote in a note.

Best Time To Buy A Car: Shopping On These Days And Months Will Save You Tons Of Money

Best Time To Buy A Car: Shopping On These Days And Months Will Save You Tons Of Money

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  Quick Tip: How to boost your savings

  WLS – Chicago
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  Flight Attendants Dish Their Best Money-Saving Travel Tips

  GOBankingRates

7 Strong Buy Stocks the Street Loves

This is based on the upside potential from the current share price to the average analyst price target. Dividend Stocks Perfect for Retirees Now let's delve into these seven top stocks to buy now: Strong Buy Stocks: Exact Sciences (EXAS) Exact Sciences Corporation (NASDAQ:EXAS) has just received five back-to-back buy ratings from the Street. These “buys” flooded in following stellar Q4 earnings results.

Gold holds steady on weaker dollar, U.S.-Iran tensions

Gold steadied on Monday, holding above a near four-month low touched the previous session on support from a weaker dollar and expectations the United States would further restrict Iranian oil exports. Spot gold was little changed at $1,275.26 per ounce as of 10:28 a.m. EDT (1428 GMT).

Ford Stock Is Too Cheap to Ignore: Here's Why

Analysts expect Ford to post earnings per share of 41 cents when the company reports first-quarter earnings on Wednesday. Analysts expect year-over-year gains for earnings and revenue. Investors will be concerned about comments regarding the rising prices for aluminum and steel, difficult foreign exchange volatility, rising auto loan rates squeezing Ford Credit's margins and spending on autonomous vehicles.

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  Cadence Beats First-Quarter Targets, Guides Higher On AI, 5G Trends

  Investor's Business Daily
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  Why Analysts Expect Altria's EPS to Fall in Q1 2019

  Market Realist

Health Savings Account Rules: 6 Little-Known HSA Tips That Will Save You Money

Health Savings Account Rules: 6 Little-Known HSA Tips That Will Save You Money

It's decision day for FedEx's voluntary employee buyouts

Today, FedEx employees have learned who will leave as part of the company's voluntary buyout.   The Memphis-based shipping and logistics giant announced cost-reduction actions — which included a voluntary buyout program for eligible U.S.-based employees — during its second quarter 2019 earnings call, held in December 2018. When asked about the buyouts on Monday, a spokesperson for FedEx simply told the Memphis Business Journal the company didn't have anything additional to share. FedEx has not released any information regarding the number of employees leaving.

Top auto executives are privately very worried about the state of auto sales

More than two dozen new cars, trucks, crossovers and concept vehicles are making their debut at this week's annual New York International Auto Show, the sort of rollout that would traditionally be expected to give a boost to the U.S. new car market. January and February saw sharp downturns in U.S. new vehicle sales, though many in the industry tried to downplay the poor showing by blaming the bad weather that spread across the country.

What Will Social Security Look Like When You Retire?

What will Social Security look like by the time you retire? Many Americans have lost hope that it will still be there. According to Gallup poll, in 2018, 44% of individuals surveyed said they worry a great deal about the Social Security system. The same survey also revealed that 30% of individuals said they believe Social Security is going to be a major source of their income in retirement.

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  Social Security Trust Fund Set to Go Bust by 2035

  ALM Media
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  It Shouldn't Matter When You File for Social Security in Theory. In Reality, It Does.

  Motley Fool

JCPenney explains why it dropped Apple Pay

JCPenney had first rolled out Apple Pay into testing in 2015, then expanded to all its U.S. stores the following year, and later to its mobile app. The retailer now claims the move was necessitated by the April 13, 2019 deadline in the U.S. for supporting EMV contactless chip functionality. As of this date, all terminals at U.S. merchants locations that accept contactless payments must actively support EMV contactless chip functionality, and the legacy MSD (magnetic stripe data) contactless technology must be retired.

The 5 Best Real Estate REIT ETFs of 2019

Vanguard Real Estate ETF (VNQ) The best bet for most novice investors is to stay focused on the U.S. and buy into the largest public companies tied to the real estate market. VNQ is at the top of the list for broad, diversified exposure and a very reasonable expense ratio. While its primary goal is high income, investors may see appreciation in the overall value, too.

3 Economists Share Their Personal Retirement Strategies — and Their Biggest Money Mistakes

All three take different approaches to their financial lives, but have managed to set themselves up to be relatively comfortable in retirement and save responsibly, even if they splurge now and then. Monique Morrissey, 52, a retirement economist at The Economic Policy Institute, had a string of low-paying jobs at non-profits when she started out in the working world, but she was never much of an obsessive saver.

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  Fund your 401(k) first, says the author of 'I Will Teach You To Be Rich'—here's why

  CNBC
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  Why a Bright Outlook in Life Can Help You Save More Money

  Motley Fool

Fund your 401(k) first, says the author of 'I Will Teach You To Be Rich'—here's why

Financial experts frequently recommend that you invest in your retirement accounts and that you also make sure you have an emergency savings fund. What should you prioritize, though, and how? Personal finance expert Ramit Sethi tells CNBC Make It that, while your priorities will depend on your situation, he generally recommends you start with your retirement savings, especially if your employer offers a 401(k) plan.

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  A Comprehensive Guide to Tax Treatments Of Roth IRA Distributions

  Investopedia
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  3 Ways to Legally Get Out of Paying Taxes in Retirement

  Motley Fool

Overview of Vanguard Prime Money Market Fund (VMMXX)

The Vanguard Prime Money Market Fund Investor Shares is a conservative investment option offered by The Vanguard Group, one of the world's largest equity and fixed income managers. VMMXX is a taxable money market account designed for the retail investor. Overview of the Vanguard Prime Money Market Fund When the Federal Reserve increases interest rates, investors start to eye money market mutual funds.

The Best Places to Retire to Abroad

Best Countries for Retirees in 2019 To determine which countries are the best for retirees, International Living uses a scoring system that measures a variety of factors, including: ease of buying and owning property and the value of property investments cost of renting benefits and discounts on things such as health care and entertainment visa and residency requirements cost of living fitting in and how easy it is to make friends entertainment and amenities healthy living development and infrastructure climate stability of the country's political situation The countries with the highest cumulative average score across all those categories ranked in the top 10, and here they are: 1.

Hiring managers reveal worst resume mistake you can make

When it comes to writing your resume, there are some common mistakes you need to avoid, says Lesley Mitler, cofounder of Early Stage Careers. According to a survey of 1,000 workers by Robert Half recruiting, 76% of candidates have lied about job experience, 55% have lied about job duties, and 33% have lied about their education. Update your resume every few months so you can keep track of your accomplishments and get more specific with your skills and job duties.

To survive trade battles, China manufacturers deploy every weapon they can

Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers - giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs. Tit-for-tat tariffs from the China-United States trade war have been costly for many. Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels.