Warren Buffett explains how you could've turned $114 into $400,000 with a simple long-term investment

Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with me during a visit earlier this year at Berkshire Hathaway headquarters in Omaha. First, take yourself back, way back to America’s entry into World War II. Franklin Roosevelt was president and Buffett was a young boy.

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  Warren Buffett on the #MeToo movement: Women ‘make me optimistic about America’

  CNBC.com
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  Here's exactly what an index fund is—and why it's Warren Buffett's favorite way to invest

  CNBC

Microsoft Becomes Second Most Valuable Company For First Time Since 2015

On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and Amazon. Microsoft had briefly ascended to No. 2 on April 12 and then again on April 16. On Tuesday, amid worries about higher U.S. Treasury yields and disappointing earnings by other companies that sent the S&P 500 down1.3%, Microsoft rose to No. 2 by virtue of its shares falling less--2.3%--than those of its rivals.

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  Rise in interest rates sparks panic on Wall Street

  wsws.org
• W.R. Berkley: 1Q Earnings Snapshot

  Associated Press

1 in 3 workers can’t answer this question about their retirement savings

Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were the findings from a recent survey by the Employee Benefit Research Institute, a research group that focuses on health, savings and retirement. EBRI conducted an online poll of 2,042 adults in January. "In most cases, you would expect people to do a couple of things: You wouldn't use all of it to buy lifetime income and you'd want to keep some of it for emergencies," said Craig Copeland, a senior research associated at EBRI. "It's troubling that they can't recognize what they think

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  Exclusive: Social Security checks are lower than many Americans expect, survey finds

  USA Today
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  9 Lies You've Been Told About Social Security

  The Cheat Sheet

Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand

Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally. Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. The world's largest semiconductor foundry and key Apple chip partner said its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The company blamed "weak demand" in the mobile sector for its forecast. "Heading into Apple's

• Corning sees smartphone glass sales decline seeping into current quarter

  Reuters
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  Analyst downgrades big Apple chip supplier due to declining iPhone demand

  CNBC

Under Armour Inc Earnings Could Be a Bullish Game Changer

Can Under Armour (mostly) deliver again off the field of play — and convincingly so, on the playing pitch of the UAA stock chart for a second time in a row? With the expectations bar set reasonably low and the Street forecasting a loss of 4 cents and sales of $1.1 billion, I personally like the long game in UAA stock. It has been nearly three weeks since last penning a bullish article on UAA stock at InvestorPlace.

3 big changes coming from the Trump tax cuts

It will take months or years to tell if the tax cuts President Trump signed at the end of 2017 will boost economic growth or help create jobs, as intended. Congress’s Joint Committee on Taxation has published new estimates of the ways people will file their taxes for 2018, the first year most of the new tax provisions will be in effect. One of the most disruptive changes to the tax code is a new limit of $10,000 on the deductibility of state and local taxes, which used to be subject to no limit.

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

Iconic automaker Ford Motor Company (F) began 2018 with an earnings warning on Jan. 16. This warning was confirmed by a negative reaction to fourth quarter results released on Jan. 24. The company is set to report first quarter earnings after the close on April 25. Shares of Ford traded as high as $13.29 on Jan. 16 and declined 24% to the 2018 low of $10.14 on March 2. Ford closed Monday, April 23, at $11.04, down 10.6% year to date and deep in correction territory at 16.9% below the January high. Since the March low, the stock is up 8.9%. 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

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  Why 3M Earnings Aren’t Enough

  247wallst.com
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  Why Coca-Cola Earnings Were Better Than Expected

  247wallst.com

Stocks are getting smoked, and companies can't step in to stop it

Stocks are getting smoked on Tuesday. Each of the major U.S. indexes was in the red, with the Dow seeing the biggest losses, falling 2.2%, or 550 points, while the S&P 500 was also down 1.7% and the Nasdaq was down 1.9%. The Dow was being dragged lower by shares of Caterpillar (CAT), down over 6% after having rallied earlier in the session following an earnings beat.

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  Tuesday's Market Movers: CAT, UTX, KO, MMM

  TheStreet.com
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  Dow drops 500 points as bond yield rates rise

  Fox Business Videos

Jim Cramer has done a complete 180 on Snap (SNAP)

"Mad Money" host Jim Cramer has changed his tune on Snap almost 2 months after comparing the company to the early days of Facebook. Jim Cramer is turning his back on Snap. "Sure, I was a skeptic, but after this quarter, I'm now a believer," Cramer said on "Mad Money" following the report.

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  Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

  TheStreet.com
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  Jim Cramer: Hasbro Told You They Weren't Going to Make the Quarter

  TheStreet.com

US stock market could see a 30-40% decline, says expert

"Rates market" volatility could lead the correction, says Rainer Michael Preiss, executive director of Taurus Wealth Advisors.

US brands suffer collateral damage in Chinese corporate war

It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press.

Patent ‘Death Squad’ System Upheld by U.S. Supreme Court

The U.S. Supreme Court upheld an administrative review system that has helped Google Inc., Apple Inc. and other companies invalidate hundreds of issued patents. The justices, voting 7-2, said Tuesday a U.S. Patent and Trademark Office review board that critics call a patent "death squad" wasn’t unconstitutionally wielding powers that belong to the courts. Silicon Valley companies have used the system as a less-expensive way to ward off demands for royalties, particularly from patent owners derided as "trolls" because they don’t use their patents to make products.

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  Supreme Court looks at Texas district maps

  CNN
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  The Supreme Court Rarely Acts Like This

  Esquire

Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices close to four-year highs. Now, the relatively high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian and other oil grades in Europe, traders said.

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  Oil hits $75 as Iran sanction fears mount

  BBC News
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  Oil slips as Trump, France's Macron talk Iran deal

  Reuters

A Smarter Nvidia Corporation Play for a Potential 500% Return

According to some market pundits, issues like Apple Inc.’s (NASDAQ:AAPL) woes, China trade war concerns and today’s much more volatile and erratic cryptocurrency market can all be fingered as reasons why investors should stay away from Nvidia stock. If you’re a buyer of those markets, Nvidia — whose chips are leaders in all those areas — should sound attractive. This appears to be the case for Nvidia stock right now–and that’s good news for bulls.

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  China's $1.4 Trillion Tech Gap Is Holding Its Stock Market Back

  Bloomberg
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  5 Overlooked Techs That Are Beating the Market

  Investopedia

Third Federal CEO Says Mortgage Market 'Going Gangbusters'

Apr.23 -- Third Federal Savings and Loan Chairman and Chief Executive Officer Marc Stefanski discusses the residential mortgage market, banking regulation, and the company's efforts to retain workers. He speaks with Bloomberg's Julia Chatterley, Joe Weisenthal and Scarlet Fu on "What'd You Miss?"

Investors Are Dumping Altria Group Inc Stock Without Looking at the Facts

The usually reliable Altria Group Inc (NYSE:MO) is off to a horrific start this year, with MO stock shedding 18%. For technical analysts, the recent break below $60 was highly discouraging. In short, MO stock must regain its footing quickly due to the significant technical damage.

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  Are Insiders Too Confident In REV Group Inc (NYSE:REVG)?

  Simply Wall St.
• LPL Financial LLC Takes $281,000 Position in First Busey Co. (BUSE)

  The Cerbat Gem

Here's exactly what an index fund is—and why it's Warren Buffett's favorite way to invest

Index funds can be a low-cost, low-risk way for investors, especially first-timers, to get into the market. But what exactly are they? You can think of an index fund as a basket of stocks with hundreds or thousands of different ones inside, explains Nick Holeman, a certified financial planner at Betterment. The S&P 500, for example, is a fund that holds stocks for the 500 largest companies in the U.S., which includes familiar names such as Apple, Google, Exxon and Johnson & Johnson. "It's the cheapest and easiest way to diversify your money that you're investing," Holeman says. Think of it this way: If every individual stock were a Lego brick, buying an index would be like getting a set of Legos

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  Facebook, Inc. Earnings: What to Watch

  Motley Fool
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  Stocks are getting smoked, and companies can't step in to stop it

  Yahoo Finance

Caterpillar Erases Gains Despite Strong Quarterly Results and Raised Forecast

Caterpillar Inc. (CAT) shares erased earlier gains Tuesday, April 24, after management said material cost increases this year will likely be above estimates due to higher steel prices. "We expect steel and other commodity costs to be a headwind all year," Chief Financial Officer Bradley Halverson said during the conference call. "Price versus material costs were very favorable on the first quarter," Amy Campbell, director of investor relations at Caterpillar, said during the call. "We expect it to be favorable for the full year. But for the balance of the year, we would expect material costs increase to be greater than price realization." President Donald Trump recently announced plans to implement

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  TI profit tops estimates on automotive, industrial demand; shares rise

  Reuters
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  Why Polaris Industries, Freeport-McMoRan, and Waters Slumped Today

  Motley Fool

3M Co Stock Plunges on Q1 Earnings Miss, Lower Guidance

This is an increase over its earnings per share of $2.16 from the same period of the year prior. 3M Co reported operating income of $1.01 billion for the first quarter of the year. Revenue reported by 3M Co in the first quarter of the 2018 was $8.28 billion.

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  Facebook, Inc. Earnings: What to Watch

  Motley Fool
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  Should You Sell Hilton Worldwide (HLT) Before Earnings?

  Zacks

What’s left of Yahoo slapped with $35 million fine over 2014 data breach

In 2014, Yahoo suffered a breach that exposed personal data for 500 million users -- but they refused to tell anyone and the news didn't break until late 2016. For failing to disclose the incident and inform anyone affected, the company formerly known as Yahoo! (now Altaba, consisting of the parts that didn't merge with Verizon to become Oath) has agreed to pay the SEC a $35 million fine. Yahoo's information security team found out that Russian hackers had made off with personal data days after the December 2014 breach.

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  Twitter improves user data policy ahead of new European privacy laws

  Reuters
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  Company formerly known as Yahoo to pay $35M over massive breach

  CNET