Already under siege amid pro-democracy protests, the iShares MSCI Hong Kong ETF (NYSE: EWH) could see more downside, something options traders are betting. The protests commenced in the Chinese Special Administrative Region (SAR) several months ago following passage of bill that would've paved the way for criminals there to be extradited to mainland China where they would face a more complex legal system and potentially stiffer punishments. While Hong Kong leaders have quashed that bill, the protests have carried on with demonstrators facing often hostile acts from local authorities.
What is the size of the average retirement nest egg? A 2019 analysis of more than 30 million retirement accounts by Fidelity Investments found that the average balance in corporate-sponsored 401(k) plans at the end of 2018 was $95,600. As you might expect, young workers tend to have less money saved for retirement than older workers do, in part because their salaries are usually lower and they haven't had as many years to contribute to their retirement accounts.
It can be hard to determine how much you'll need, exactly, for your own post-career days, but finding out how others are planning—or not—can offer a benchmark for setting goals and milestones. k) Plan Balances by Generation The good news is that Americans have been making an effort to save more. According to Fidelity Investments, the financial services firm/brokerage that administers more than $7.4 trillion in assets, the average 401(k) plan balance reached $106,000 in the second quarter of 2019—a 2% increase from $104,000 in Q2 2018.
German Chancellor Angela Merkel's ruling coalition came to an agreement on a comprehensive package aimed at cutting greenhouse gases. Bloomberg's Matt Miller reports on "Bloomberg Surveillance."
Kohl's is a high dividend stock and appears to be undervalued as well. Long-term investors are likely to be rewarded for being patient with Kohl's stock. Business Overview and Recent Earnings Kohl's is a department store operator, offering women's, men's and children's apparel, housewares, accessories and footwear in more than 1,100 stores across 49 states.
Maria Bartiromo has been covering business news for 30 years, and she's got her eye on the next big wave: artificial intelligence. The Fox Business Network anchor, who recently re-signed with the network for a multiyear deal, is releasing an hour-long investigative documentary about artificial intelligence. The segment, which has been in the works for a year now, includes interviews with chief executive officers of major companies including IBM (IBM) and Ford.
In the not-quite-a-week that General Motors workers have been striking, seeking better wages for less-tenured workers and trying to hang on to their unusually sweet deal on health insurance, there has been the usual choosing of sides. On Twitter, Rep. Alexandria Ocasio-Cortez has slammed GM (GM) as greedy during a time of what she called record profits, specifically after the auto maker said it would suspend payments for strikers' health insurance. In the New York Post, conservative economist Steve Malanga sided with the company, incongruously citing 10-year-old earnings reports that have little apparent connection to today's GM.
What it really takes to retire is a solid grasp of your budget, a carefully considered investment and spending plan for your life savings, debt that's under control, and a plan you're excited about for how you'll spend your days. With that in mind, here are 10 signs you might not be ready to retire yet. Struggling to Pay Current Bills It goes without saying that if you're struggling to pay your bills with a paycheck from work, retiring won't make things easier.
With no inflation adjustment having been made to these benchmarks since 1983, they're now exceeded by most taxpayers who receive Social Security benefits and have other sources of income, too. A number of strategies, both before and after you retire, can limit the amount of tax you pay on Social Security benefits. Reducing your taxable income during the years in which you're drawing Social Security can have other benefits, too, such as lowering your Medicare premiums, which vary by income.
The danger is that foreign central banks would exchange their currencies for yuan with the People's Bank of China, then dump those holdings for dollars if a crisis hits, he wrote in a research note Friday. “This would exert downward pressure on the yuan's exchange rate against the greenback at a time when the PBOC would also likely be trying to shore up sentiment on its own currency,” Mohi-uddin wrote. Such an exchange would highlight how, though the yuan is now officially a reserve currency -- with the imprimatur of the International Monetary Fund -- its global appeal is well short of the dollar's. China's currency is used in 4.3% of global foreign-exchange transactions, against the dollar's 88.3% share, according to the Bank for International Settlements.
The Federal Reserve announced Wednesday that its Open Market Committee had voted to cut the federal funds rate by 25 basis points to a range of 1.75% to 2%. The federal funds rate is the benchmark interest rate that banks use when lending to one another. Interest rates on loans and deposits are typically influenced by the Federal Reserve's decisions vis-à-vis the federal funds rate.
Because of this, you won't find many low-risk stocks with multi-bagger potential. Instead, all the stocks with multi-bagger potential are often also accompanied with big risks. Don't have the time to do all that analysis across hundreds of small cap stocks?
A Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour, the company revealed in a Friday press release. The bank blamed the losses on a 'rogue trader' who allegedly manipulated the subsidiary's risk-management system, allowing him to place massive derivatives bets on the price of oil and disguise them as hedges similar to what JPMorgan did with the whole London Whale debacle. The trader had been taking unauthorized derivatives positions since January, but he suffered heavy losses over the summer as oil prices fell.
You can shift money from a tax-deferred retirement account into an after-tax account—but how much tax do you pay on that Roth IRA conversion? And does it always make financial sense to do so? The biggest difference between Roth IRAs and tax-deferred retirement accounts like traditional IRAs and 401(k)s is when you pay the tax: · Traditional IRA and 401(k) contributions are tax-deductible the year you make them, and you pay income tax on withdrawals in retirement.
The streaming-media player's stock (ROKU) dropped 18.3% in very active afternoon trading, and has now shed 25.9% this week. This week's selloff was highlighted by Wednesday's 13.7% plunge, after Comcast Corp. (CMCSA) said it will start giving away its Xfinity Flex streaming-media player for free to those who subscribe to the cable operator's internet-only plans. On Friday, Pivotal Research analyst Jeff Wlodarczak sent a note to clients titled, “Is Roku Broku?,” as he started coverage of Roku with a sell rating and stock price target of $60, which is 45% below current levels.
When MKM analyst Bill Kirk initiated coverage of Aurora Cannabis (ACB) with a "sell" rating yesterday, the company's low cash reserves ($238 million) relative to debt levels ($486 million) were high on the analyst's list of concerns. Fortunately, this is not a problem that HEXO Corp (HEXO) has. Blessed with a balance sheet replete with cash ($129 million) and little debt ($23 million) to offset it, HEXO is one Canadian cannabis company where a lack of cash is not an immediate concern.
Ginni Rometty, International Business Machines Corp. chair, president and chief executive officer, discusses investing in people and developing their skills amid the rise of new technologies that may replace many jobs. She speaks with Bloomberg's Caroline Hyde on "Bloomberg Markets: The Close."
A Delaware judge ruled on Friday that Tesla Inc's board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company. Tesla estimated the 2018 compensation package was worth $2.6 billion when it received stockholder approval in March 2018, although stock analysts at the time said it could be worth up to $70 billion if the company - which has yet to post an annual profit - grew quickly. The compensation award includes no salary or cash bonus for the Silicon Valley billionaire Musk, but sets rewards based on Tesla's market value rising to as much as $650 billion over the next decade.
At a local bank in Gyeonggi, near Seoul, he was offered a product linked to dollar and pound-based market rates with a targeted annual return of 3.7%. Wi is one of many South Korean individual investors who, faced with falling interest rates and a sluggish share market, have jumped into derivative-linked products that carry massive risks. “Because market rates are down globally, more people are desperate for extra returns, but it's getting more difficult to design attractive products,” said Jun Gyun, a derivatives analyst at Samsung Securities Co. in Seoul.
Top Stock Trades for Tomorrow #1: ROKU We covered Roku (NASDAQ:ROKU) earlier this week, but given the drumming that it took Friday — down more than 20% at one point — I thought it was worth looking at again. Shares bounced on Thursday following a test of the 50-day moving average. However, they began Friday under pressure after Pivotal Research initiated the stock with a sell rating and $60 price target.
When a massive bubble in the bond market bursts, stock market leadership will shift dramatically, setting the stage for outperformance by quality, low-valuation financial and energy stocks during the resulting turmoil, according to Julian Emanuel, the chief equity and derivatives strategist at investment banking and securities trading firm BTIG. Emanuel recommends 12 under-appreciated yet attractive energy and financial stocks that "could be expected to outperform if bond yields rise." Among those stocks are these 10: Occidental Petroleum Corp. (OXY), Capital One Financial Corp. (COF), Cimarex Energy Corp. (CEX), Principal Financial Group Inc. (PFG), Discover Financial Services (DFS), Comerica Inc. (CMA), SVB Financial Group (SIVB), Invesco Ltd. (IVZ), Lincoln National Corp. (LNC), and Prudential Financial Inc. (PRU).
"We are in the early days of one of the most innovative times in history," said Patrick Kelly, who runs the $559 million Alger Focus Equity Fund (ALGRX). The fund's bets on innovation are reflected in holdings of leading growth stocks like Apple, Carvana, Visa and PayPal Holdings. Kelly and colleague Ankur Crawford hunt for innovative growth companies undergoing what they call positive dynamic change.
Futures traders like round numbers and 3,000 is about as round as it gets for the S&P 500, so I would expect those futures to hover above that line, although gains will likely be capped by a practice known as "pinning." Pinning is when a trader of options of futures tries to pin the price of an underlying instrument near a strike price as expiration nears. That's what's happening Friday, and some might say that dullness is the new volatility.
Nvidia shares are starting to crack, as resistance held firm earlier this month and as sellers have stepped up to the plate. On Friday, Nvidia stock is down 2.25% to $172.95 as concerns over the trade war rattle investors ahead of the weekend. It doesn't help that it's a quadruple witching day, one of four Fridays per year that can create excess volatility in the stock market.
Meagan Scheffler envisioned a rotational program for analysts at JPMorgan Chase & Co. that would help develop well-rounded bankers that understand a multitude of products and services. Scheffler drove this new program, coordinating with the commercial bank and middle-market bank CEOs and individual regions to gauge business need and analyst interest. The rotational model makes the bank's analyst program more competitive and gives analysts a more comprehensive experience.