If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.
Papa John’s International Inc.’s board put further distance between the pizza chain and its outspoken founder John Schnatter for using a racial slur, agreeing to review all ties to him, evict him from the headquarters, and remove him from all marketing materials. A committee of independent directors ordered the termination of a so-called founder’s agreement that designated Schnatter as the brand’s face and voice and is requesting he cease media appearances on behalf of the firm, the company said in a statement after a Sunday night board meeting. Schnatter came under pressure after a media report that he used a racial slur and graphic descriptions of violence against minorities in a conversation with the company’s former media agency, Laundry Service.
Mark Cuban once drove around a real hunk of junk — seriously. The billionaire Dallas Mavericks owner says the best pieces of investing advice he got when young was to be as poor as possible first. The “Shark Tank” star these days doles out a lot of advice to young entrepreneurs on CNBC but he says it doesn’t take a million-dollar idea to become rich.
Netflix NFLX has seen its stock price soar over the last year on the back of strong subscriber numbers, international expansion, and the overall growth of internet-based TV. Netflix is currently the undisputed champion of streaming. Meanwhile, both Apple AAPL and Disney DIS are set to enter the streaming TV market over the next few years, which means Netflix will face more challengers than ever before.
This 'Strong Buy' tech stock has won the attention of five top ranked analysts, who have all recently upgraded their recommendations to Buy. Verizon has jumped almost 9% throughout the last three months. The 12-month average price target suggests the stock boasts 10% in upside potential.
Boeing Co. is seeking to rewrite the rules for creating commercial jets as it hones plans for a new midrange aircraft nicknamed the 797. For decades, Boeing pushed its planes to fly ever farther. More recently, Airbus SE has been edging into the niche by bumping up the range of its popular single-aisle jetliner, the A321neo.
Asian shares traded lower in Monday trade, shrugging off gains seen stateside. Gains in stocks last week came amid a perceived easing in trade rhetoric between the U.S. and China. China second-quarter GDP growth came in at 6.7 percent, meeting expectations.
Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.
China’s gross domestic product increased 6.7 percent in the second quarter from a year earlier, the same as forecast in a Bloomberg survey. Grace Ng, a China economist at JPMorgan Chase & Co. in Hong Kong, weighs in, and also discusses the trade dispute with the U.S. on "Bloomberg Markets: Asia" with Rishaad Salamat. GRACE: WHAT WE HAVE BEEN EXPECTING, LOOKING THROUGH THE MONTHLY DATA, IS THAT THERE WAS SUPPORT FROM THE EXPORT SECTOR PRIOR TO THE BEGINNING OF THE PARIS IMPACT.
The past few years haven’t been kind to newly public hardware companies, but Sonos Inc. hopes to break from that pattern by relying on a little help from tech giants like Amazon.com Inc. Sonos (SONO) makes high-end speakers, and the company has tried to capitalize on increased interest in voice commands by giving its products “smart” capabilities. Sonos currently sells products that are compatible with Amazon’s (AMZN) Alexa voice assistant, and Sonos expects its speakers to work with Alphabet Inc.’s (GOOGL)(GOOG) Google Assistant later this year.
JPMorgan on Friday announced record first-half revenue for equities trading and advisory fees. Daniel Pinto, head of the corporate and investment bank, lauded the results in a memo to staff this morning.
Jul.15 -- Hartmut Issel, the head of Asia Pacific equity and credit at UBS AG Wealth Management in Singapore, talks about trade disputes, Federal Reserve policy, and the implications for financial markets in Asia. He speaks with Yvonne Man on "Bloomberg Daybreak: Asia."
General Motors' self-driving unit, Cruise, could be worth $43 billion, RBC Capital Markets estimates. The autonomous arm received a valuation of $11.5 billion from Japan's SoftBank in May. Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC Capital Markets estimates.
E-mini NASDAQ-100 Index futures closed at an all-time high last week led by strong performances in bellwether stocks such as Amazon and Apple, both of which are in a battle to reach a trillion dollars in value. September E-mini NASDAQ-100 Index futures settled the week at 7393.00, up 159.50 or +2.21%. The uptrend resumed after buyers drove the index through the closing price reversal and minor top at 7358.50.
Twitter has been a tear this year — with shares soaring 82% to hit their highest price in over three years — and Goldman Sachs says the gains may not be done yet. The bank on Thursday raised its target price for the social-media stock to $55 from $40 — a full 25% above where shares were trading — saying Twitter is doing better on its turnaround than the rest of Wall Street gives it credit for. "We continue to believe that consensus expectations underestimate Twitter’s ability to 1) drive incremental engagement through new features and information quality initiatives, 2) better monetize engagement as advertisers leverage newer targeting and measurement functionality, and 3) show significant operating expense leverage as incremental revenue flows to the bottom-line," Heath Terry, the bank's tech analyst, told clients in a note.
Five-star analyst Romit Shah of Nomura has been a confident Tesla bull since he first initiated coverage on the stock last October. As Tesla revs towards unlocking profitability by the third or fourth quarter of this year, Shah is encouraged. In the last week of Tesla's second quarter, the company achieved its own deadline, producing 5,000 Model 3 cars per week.
Is investing in cryptocurrency safe? As the financial world becomes more and more dependent on digitization and data analysis, information sharing has developed as a way to not only relay communications but to quantify value and transfer currency. Decentralized currencies provide a new way of looking at money and controlling your financial future, without interference from traditional banks or financial institutions.
Netflix stock dropped a dizzying 4.28% on Friday, wiping out the stock’s gains over the preceding month, but barely denting its monumental 100% runup for the year. The dip comes ahead of the video streaming service’s expected earnings report on July 16, which could take some wind out of the stock’s sails if it’s anything short of flawless. Growth for the fourth quarter of 2017 beat Wall Street estimates in January, driving Netflix’s market value above $100 billion for the first time.
Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.
Wells Fargo & Co. continued to disappoint investors with its earnings report released early Friday, but it still kept its sales people happy, as commissions and incentive pay increased while profit and revenue fell below expectations. The stock (WFC)tumbled as much as 4.3% intraday, before paring losses to trade down 1.1% in afternoon trade. Net interest income rose 1% to $12.54 billion, mostly in line with the FactSet consensus of $12.55 billion, while non-interest income dropped 8% to $9.01 billion to below expectations of $9.21 billion.
The second-quarter earnings season kicked off Friday as expected with big banks JPMorgan Chase & Co. and Citigroup Inc. beating expectations and Wells Fargo falling short, but all three stocks fizzled in early trade as the numbers failed to inspire investors. Wells Fargo shares (WFC) were down 2.2% in midday trade, while Citi (C) was down 2.7%. JPMorgan (JPM) was down 0.2%, while the Dow Jones Industrial Average (DJIA) rose 0.2% and the S&P 500 index (SPX) was flat.
Airbus is closing in on a blockbuster agreement to sell $23 billion worth of aircraft to AirAsia, sources say #tictocnews More from Bloomberg.comNetanyahu Targets Hamas Militants as Israeli
With the help of strong Q4 and Q1 reports, as well as a broader appreciation by investors of Netflix's long-term opportunity and competitive strengths, the streaming giant's shares have followed up on a strong 2017 by rising 108% in 2018. Netflix will try to keep up its momentum when it delivers its Q2 investor letter after the bell on Monday, and hosts a "video interview" at 6 p.m. Eastern Time. TheStreet will be live blogging Netflix's second-quarter earnings after the close on Monday, July 16.
Bitcoin Cash gained 1.4% on Saturday, following Friday’s 0.77% rise, to end the day at $701.9. Friday’s late reversal continued through the morning, with Bitcoin Cash falling to an intraday low $685.5 before moving back through to $700 levels, the day’s first major support level at $679.97 left untested on the day. An afternoon recovery saw Bitcoin Cash break through the first major resistance level at $709.07 with an intraday high $713 before easing back, Bitcoin Cash managing to hold on to $700 levels, though plenty of resistance pinned Bitcoin Cash back from an early weekend rally.
Shares of Netflix NFLX closed about 4.3% lower on Friday after analysts suggested the red-hot video streaming giant might soon run out of steam thanks to its stretched valuation. Netflix has largely been able to shake off market-wide volatility in 2018, with shares doubling en route to becoming one of Wall Street’s hottest tech stocks.