Losing a job in your 50s is especially tough. Here are 3 steps to take when layoffs happen

This is one of the many reasons why I believe our 50s can be the most challenging decade of our lives. Assuming you can clear the mental challenges, the financial and administrative obstacles can leave you feeling like a Rube Goldberg machine. Income, health insurance, life insurance, disability insurance, bills, expenses, short-term savings and retirement savings are all immediately important in the face of a job loss.

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

It's hard to tell' Though Amazon might have taken advantage of new breaks and loopholes available under TCJA, this isn't the first year that Amazon has avoided paying federal tax. The company reported $5.6 billion in U.S. profits in 2017 and paid $0 last year as well. "Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years," an Amazon spokesperson said in a statement.

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  Tax Refund Fiasco Is Political Payback For Republicans

  HuffPost
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  Expecting a Tax Refund This Year? Here's 1 Trap You Must Avoid

  Motley Fool

China's market is like a 'Black Friday' sale now: Investor

Eric Moffett of T. Rowe Price says a lot of babies have been thrown out with the bathwater in China's stock market and some "fantastic" companies are trading at "fire-sale valuations."

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  Trade talk, bank support hopes send European shares to three-month highs

  Reuters
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  Stocks post strong finish as optimism over trade talks grows

  Associated Press

Gold And Silver Waiting For Major Bullish Breakouts

Lets start with the Gold, where the price defended the 1307 USD/oz support for the third time in a row. Inverse Head and shoulders pattern is off the table, but the new one has emerged: triple bottom formation. The resistance remains the same and it's the 1315 USD/oz.

CAPE Fear: The Bulls Are Wrong. Shiller's Measure Is the Real Deal

For the past half-decade, a controversial yardstick called the CAPE has been flashing red, warning that stock prices are extremely rich, and vulnerable to a sharp correction. And over the same period, the Wall Street bulls and a number of academics led by Jeremy Siegel of the Wharton School, have been claiming that CAPE is a kind of fun house mirror that makes reasonable valuations appear grotesquely stretched. CAPE, an acronym “Cyclically-adjusted price-to-earnings ratio,” was developed by economist Robert Shiller of Yale to correct for a flaw in judging where stock prices stand on the continuum from dirt cheap to highly expensive based on the current P/E ratio.

Gundlach: Last year's market selloff was just a 'taste of things to come'

"A bear market has nothing to do with this 20% arbitrary thing," Gundlach, the CEO of $121 billion DoubleLine Capital, told Yahoo Finance in an exclusive interview. “Bitcoin going from zero to 20,000 in a straight line,” Gundlach said. Soon after, the global stock market peaked and turned, Gundlach noted.

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  Jeffrey Gundlach talks millennials, national debt, and the race for 2020

  Yahoo Finance Video
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  Jeffrey Gundlach: Facebook is a 'diabolical data collection monster'

  Yahoo Finance Video

How Is Your 401(k) Taxed When You Retire?

As with other income, distributions from traditional 401(k) and traditional IRA accounts are taxed on an incremental basis, with steadily higher rates for progressively higher tiers of income. As of the 2018 tax year, rates were reduced by the Tax Cuts and Jobs Act of 2017; however, the basic structure, comprising seven tax brackets, remains intact. For example, a married couple that files jointly and together earns $80,000 would pay 10% tax on the first $13,600 of income, 12% on the next $38,200, and 22% on the remaining $28,200.

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  Here Are the Tax Penalties for 401k Early Withdrawal

  GOBankingRates
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  4 Signs You Have a Bad 401(k) Plan and What You Can Do About It

  Motley Fool

Berkshire Trims Apple, Sells Oracle and Buys Big Banks

Berkshire Hathaway Inc. (BRK.B), the conglomerate run by billionaire investor Warren Buffett, sold some of its giant stake in Apple Inc. (AAPL), called it quits on Oracle Corp. (ORCL) and used some of its freed-up capital to top up on bank stocks in the last three months of 2018. Berkshire also boosted its stake in regional lenders, including PNC Financial Services Group Inc. (PNC) and US Bancorp (USB). Share price across the industry have been lifted by speculation that the recent merger between SunTrust Banks Inc. (STI) and BB&T Corp. (BBT) could pave the way for more deals, reported Bloomberg.

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  The Real Story Behind What Warren Buffett Bought and Sold in the Fourth Quarter

  Motley Fool
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  The only person besides Warren Buffett who Charlie Munger trusts with his money

  Quartz

How to Make Your Retirement Savings Last Forever

With life expectancy and inflation rates rising, Americans are increasingly delaying retirement as they fear their nest egg running out. Well, you could always plan for a shorter retirement, simply because it would be easier to manage costs over a shorter time frame. You could also take up a part-time job during retirement, and make small investments from any accumulated wealth to ensure a steady source of income.

Payless ShoeSource closing all 2,100 U.S. stores, starting liquidation sales Sunday

The closings mark the biggest by a single chain this year and nearly doubles the number of retail stores set to close in 2019. "We expect all stores to remain open until at least the end of March and the majority will remain open until May," the company said in a statement to USA TODAY. This process does not affect the company's franchise operations or its Latin American stores, which remain open for business as usual.

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  Say It Ain't So! Payless Is Closing ALL Its Shoe Stores in the US

  PopSugar
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  Payless to close all 2,100 stores

  Yahoo View

Stocks expected to climb higher on a US-China trade agreement: Moody's John Lonski

Moody's Chief Capital Markets Economist John Lonski discusses the impact a U.S.-China trade deal agreement will have on investors and the stock market.

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  Trump briefed in Florida on 'productive' China trade talks

  AFP
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  Trump shouldn't extend China trade deadline: Gordon Chang

  Fox Business Videos

5 Growthy Stocks Trading Below 15X Earnings

Strong Buy Stocks With Over 20% Upside The following five stocks trade at a forward P/E ratio below 15, and analysts expect their average respective growth rates to exceed 20% annually over the next five years! Read on for more: Marathon Petroleum (MPC) Forward price-earnings ratio: 9.93 Marathon Petroleum (NYSE:MPC) operates as a downstream oil company specializing in refining. Most high-growth stocks in the oil and gas industry participate in the upstream market.

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  7 Strong Buy Stocks With Over 20% Upside

  InvestorPlace
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  5 Penny Stocks to Buy If You Can Risk It

  InvestorPlace

Musk-Like or Not, This 36-Year-Old CEO Has Amazon Riding Shotgun

Of course Scaringe, now 36, didn't have a truck to show then. What he did have was something in common with Mohammed Abdul Latif Jameel, the chairman of a Saudi auto distributor who, like Scaringe, also attended Massachusetts Institute of Technology.  Scaringe showed up recommended by MIT contacts, and playing the alumni card worked. “It was a seminal point,” Scaringe said in an interview.

The typical Facebook employee earns double Silicon Valley's median household income. How 50+ big tech employers compare

Median means half of the company's employees, not including the CEO, make more, and half make less. To further put that figure into perspective, consider that the Bay Area's median household (not individual) income rose to an all-time high of $118,400 last year, according to Joint Venture Silicon Valley's latest annual economic report for the region. That means the typical Facebook employee makes double what the typical household in Silicon Valley makes.

Gundlach: The cannabis boom looks like a 'mania'

After a red-hot 2018, cannabis stocks are on fire again to start the year. Canadian cannabis company Canopy Growth (CGC), for example, is up nearly 60% through February, as shares of its competitor Aurora Cannabis (ACB) have posted gains of 35% over the same stretch. The moves higher in such a short time period have some investors issuing caution, including “Bond King” DoubleLine Capital CEO and founder Jeffrey Gundlach, who warned investors about the cannabis “mania” in an exclusive interview with Yahoo Finance on Feb. 13.

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  6 Top Stocks to Trade Tuesday, Including Canopy Growth

  InvestorPlace
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  Canopy Growth Corporation (CGC) Reports Q3 Loss, Misses Revenue Estimates

  Zacks

I'm 33, Make $135k & Finally Paid Off My Student Loans

In our series My 6-Figure Paycheck , women making more than $100,000 open up about how they got there and what exactly they do. We take a closer look at what it feels like to be a woman making six-figures — when only 5% of American women make that much, according to the U.S. Census — w ith the hope it will give women insight into how to better navigate their own career and salary trajectories. Today, we chat with a senior marketing manager in fashion from San Francisco, CA.

Top 4 Oil and Gas Penny Stocks for 2019

XOM) The oil and gas sector started 2018 off strong, coinciding with a rise in crude oil prices from around $50 to $70 per barrel. As crude fell below $50 a barrel towards the end of the year, stocks suffered, recovering again in 2019 alongside the broader market recovery and a jump in the price of crude near $54 per barrel. In 2018 and 2019, the oil and gas industry is expected to post strong profit growth.

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  Oil rises over 2 percent to 2019 highs on tightening supplies

  Reuters
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  Oil Could Close at the Highest Level in 2019 This Week

  Market Realist

4 Reasons Why Marijuana Stocks & ETFs Could Be on a High in 2019

Marijuana stocks and related ETFs, like the pure-play marijuana ETF ETFMG Alternative Harvest ETF MJ, caught enough investors' attention last year, courtesy of its mysterious rally in mid-2018 on Canada's legalization of recreational marijuana in October. Like other stocks and funds, MJ did go through some rocky stretches last year due to bubble fears and some downbeat earnings releases, but it's been bouncing back nicely in the new year. So far, MJ is up around 40% since January.