The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs

When the media and investors turn negative on stocks but the “smart money” is bullish, it’s a good time to think about buying. After all, exactly what is the smart money, and how do you know? Lately, several fund managers who pass this test have been pounding the table on Chinese internet names.

Suze Orman has a killer question for your retirement

Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah

With crude around $70, it’s time to sell your oil stocks

The energy sector has been whipsawed by headlines lately, and many investors can’t decide whether to buy or sell oil stocks. When oil (CLX8) raced up to a new 52-week high of more than $76 to start October, many thought things looked great. Then as U.S. oil supplies rose and as OPEC production rose, things didn’t look so hot.

Don’t cheat yourself with the 4% rule

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.

Walmart will save $20 million annually on floor wax

Walmart Inc. has found a new way to save millions of dollars: Switch the floor wax it uses in its stores. According to the retail giant’s Chief Financial Officer Brett Biggs, Walmart (WMT)  switched to a new floor wax that’s both cheaper and more effective, reducing the number of times the floors have to be buffed. “That one change in floor wax will save us over $20 million a year,” he said, according to a FactSet transcript of the company’s Tuesday investment community meeting.

Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere

Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.

Larry Culp is the production ‘nerd’ who could just transform GE

Larry Culp, the former CEO of Danaher and the first outsider to lead General Electric Co., will revitalize GE with the same powerful system he used to quintuple revenue at Danaher: the Toyota Production System, or TPS. TPS is a system that attacks waste and exposes employees to end-customer demand, so production is pulled by demand, not pushed by capability.

Take this quiz to see if you’re as clueless as the rest of America when it comes to your retirement

Americans are woefully unprepared for retirement. One of the most troubling stats comes from the National Institute on Retirement Security, which found nearly 40 million households have no retirement savings at all. Apparently, a 65-year-old couple retiring this year will need $280,000 to cover health care and medical expenses throughout retirement.

‘You are a disaster’: Cleveland-Cliffs CEO berates analyst on earnings call

Shares of Cleveland-Cliffs Inc. fell more than 6% Friday after Chief Executive Lourenco Goncalves slammed analysts during the mining company’s earnings call earlier in the day, accusing them of failing to understand numbers and targeting a Goldman Sachs analyst for most of his angry remarks. Cleveland Cliffs (CLF) stock hovered at its lowest since Sept. 11 and was on pace for its largest percentage loss since late June. Goncalves fired his first salvo soon after the conference call’s first remarks wrapped up.

These 5 things will kill your early retirement dreams

OUTSIDE THE BOX Early retirement is all the rage these days in personal finance circles. And when I say “early”, I mean really early. I retired at 52 and today’s crowd makes me feel like a slacker. People are retiring in their

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  Elon Musk spars with Fortnite on Twitter after joking about buying the video game

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• Canada’s pot party: Big demand, short supply, and stamps with no glue

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This tiny biotech spun a quick $2 billion from $12 million

More than a year ago, the biotech Endocyte Inc. was backed into a corner. The West Lafayette, Ind.-based company (ECYT) announced a “strategic restructuring,” that dreaded corporate-speak, including about a 40% cut to its workforce, leaving it with just 47 employees. The company was also making major changes to its clinical trials, not the best sign as those power a biopharmaceutical company’s entire business.

The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse

Inversion is a mental model that involves flipping your outlook to prevent the opposite of what you want to happen from happening. Warren Buffett and his business partner Charlie Munger employed inversion as a business strategy to build Berkshire Hathaway into a powerhouse. In a recent podcast with Brandon of the Mad Fientist, who retired early at 34, productivity expert James Clear said the same strategy Buffett used can help set someone on the path for early retirement.

Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its pot

Aurora Cannabis Inc. is a major pot producer, but if its bets on other cannabis companies continue to pay off, it may be able to stop actually growing weed on its own. Aurora (ACBFF)(CA:ACB) said recently its investments were worth more than C$700 million ($540 million) as of Sept. 21, bolstered in part by demand for pot stocks ahead of full legalization of marijuana in Canada on Wednesday. As the entire sector has benefited, so has Aurora’s portfolio, boosting the company’s fiscal fourth-quarter profit to C$79.9 million, after a loss of $20.8 million the year earlier.

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  The True Story Behind the Biggest Marijuana Deal Ever

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  Better Buy: Aurora Cannabis Inc. vs. Canopy Growth Corporation

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Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. In kicking off tech’s earnings season Tuesday, Netflix (NFLX)reported better-than-expected subscriber growth in the quarter, leading to an 11% jump in its shares in after-hours trading. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day.

AMD earnings: Trade wars could harm assault on Intel

As shares of Advanced Micro Devices Inc. fall back toward earth, investors have the opportunity to decide whether the current trade war climate had impinged upon the chip maker’s ability to capitalize of the misfortunes of its main rival. AMD (AMD) is scheduled to report earnings after the market close on Wednesday. AMD’s stock approached its peak for the year in September following AMD’s launch of its Radeon Pro V340 server card in late August and a slew of price upgrades from analysts, and have since fallen into a correction.

The 10 commandments of retirement

OUTSIDE THE BOX We’re faced with a host of thorny retirement issues: Keep Social Security solvent. Make Medicare affordable. Many Americans aren’t saving enough. They want to retire earlier than they can reasonably afford. They’re

What should I do with multiple 401(k) accounts?

My current company has a 401(k) plan. Should I roll all my other 401(k) plans into my current plan, leave them where they’re at, or move them to an IRA or other investment? The differences between 401(k)s and IRAs come in a variety of forms and there are a lot of angles to this issue.

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  9 Costly Tax Mistakes to Avoid

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  This Valuable Retirement Savings Hack Just Disappeared Forever

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At some point you’ll retire. Here’s how to avoid screwing it up

Not too concerned about saving for retirement right now? A retirement nest egg, by contrast, is firmly in the “must have” category. When it comes to retirement, 60s are the new 50s Instead of retiring, more people are working through their 60s to maximize their earnings.

Blackrock, Fidelity employees and others sue over high fees on their own 401(k)s

Sharp-eyed investors are always on the alert for pricey fees on mutual funds. ‘If fund companies open up their plans to competing products, that creates a business problem. Employees at big fund companies say they’re being charged excessive fees on their 401(k) plans and that the plans are loaded with expensive, underperforming funds, Barron’s reported.

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  This Valuable Retirement Savings Hack Just Disappeared Forever

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  What should I do with multiple 401(k) accounts?

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Micron to buy out Intel’s share of flash joint venture for $1.5 billion

Micron Technology Inc. said late Thursday it plans to buy out Intel Corp.’s share of a flash memory joint venture that the two chip makers have participated in for more than a decade. Micron (MU) agreed to pay Intel $1.5 billion for its stake of their IM Flash Technologies joint venture, and expects to close the deal in six to 12 months after it is able to exercise call options on Jan. 1. On a conference call, Chief Financial Officer Dave Zinsner said Micron will pay for the buyout from free cash flow while continuing with its plan to buy back its own shares.

A guide to pot stocks: What you need to know to invest in cannabis companies

The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday. Stocks of marijuana businesses have been on a rampage in anticipation of billions of dollars’ worth of sales and other opportunities as Canada this Wednesday becomes the first G-7 nation to legalize cannabis. Like any hot and relatively new sector, the cannabis industry can be confusing, with high potential for scams, as the Securities and Exchange Commission has warned, so investors need to know the basics.