Kevin O’Leary is right about cars, and his logic can save your retirement

Financially speaking, though, car ownership today is a terrible idea, O’Leary said. You’re thinking about buying a car. Let me give you a new idea: Don’t,” O’Leary said on CNBC.

The U.S. Stock Market Is Officially in a Correction. And Financial Stocks Are Now in a Bear Market

The three major U.S. stock Indexes have all fallen more than 10% from their recent highs, enough to be considered a market correction. All three are in correction territory, having lost more than 10% during the past three months. Financial stocks, which are seen as a bellwether for other sectors, have fallen harder The S&P 500 Financial Sector Index, which tracks bank and financial services stocks in the S&P 500, closed down 1% Friday at $400.72.

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  Stocks plunge, Dow sheds more than 500 points

  Yahoo Finance
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  Wall St. tumbles on global growth worries, J&J decline

  Reuters

You can contribute more to your 401(k) and IRA in 2019

Deductions for these contributions are subject to income phaseout ranges, depending on their earnings and if they have access to a workplace retirement program: • For 2019, single taxpayers covered by a workplace retirement plan have a phaseout range between $64,000 and $74,000, which means anything below $64,000 is fully deductible and anything above $74,000 is not. For married couples filing jointly, where the spouse making the IRA contributions is covered by a workplace retirement plan, the phaseout range is $103,000 to $123,000.

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  70% of 401(k) Plans Offer This Key Feature

  Motley Fool
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  Didn't Save Enough in 2018? 5 Things to Do Differently Next Year

  Motley Fool

Natural Gas Price Prediction – Prices Tumble on Warm Weather Forecast

Natural gas prices tumbled again on Friday, breaking through support levels and poised to test trend line support. Warmer than normal weather is forecast to cover most of the United States for the next 2-weeks which weighed on natural gas prices. Natural gas prices tumble breaking through support near 3.99 which is now seen as short-term resistance.

Banks are inching toward a bear market and it could be ab...

Banks get beaten down. What can fix the banks? With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Dan Nathan and Guy Adami.

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  Starbucks just inches away from an all-time high, here's ...

  CNBC Videos
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  Johnson & Johnson just posted its worst day since 2002

  CNBC Videos

A few reasons California companies are making an exit for Texas

One of the things that struck me was that the study’s author – for the first time in his career – urged California businesses to relocate out of state. “Of all of the research reports that I’ve issued over the years, this is the first time I’m openly recommending that companies relocate out of California," wrote Joseph Vranich, president of Pennsylvania-based Spectrum Location Solutions LLC. “Admittedly, that is a rather brazen statement for a business-analysis document, but it is well justified.

A 10% rally by year-end is still on the table, says Funds...

Fundstrat's Tom Lee says investors should buy stocks hand over fist here. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Tim Seymour, Dan Nathan and Guy Adami.

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  Starbucks just inches away from an all-time high, here's ...

  CNBC Videos
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  Johnson & Johnson just posted its worst day since 2002

  CNBC Videos

Boeing is hiring an intern for its 797 New Mid-market Airplane

Boeing is offering a top young U.S. engineer a dream 2019 internship opportunity: A job working on its New Mid-maket Airplane (NMA) program, which some call the 797. The engineering students would start on Boeing's developmental NMA airplane program sometime between January and April next year. The intern would "engage early in our development cycle on the production system of the future" and "interact directly with our company leaders to discuss strategy and the future of Boeing." The job posting comes at a pivotal time for the new airplane program and also as aerospace companies in the Puget Sound region are grappling with a talent shortage.

With Saudi Arabia Preparing to Slash Shipments to U.S. Refiners, Crude May Be One Big Inventory Draw Away from Sparking Rally

Although U.S. West Texas Intermediate and international-benchmark Brent crude oil finished lower for the week, February WTI crude oil managed to hold the minor bottom at $50.31, while remaining well-above the main bottom at $49.60. February Brent crude oil held its minor bottom at $58.39 and its main bottom at $57.78. At the same time, WTI remained well-below its recent minor top at $63.71 and Brent under its last minor top at $63.71.

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  Oil Price Fundamental Daily Forecast – Supported by OPEC-led Production Cuts, Capped by Concerns Over Weaker Demand

  FX Empire
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  Crude Oil Price Forecast – crude oil continues to struggle

  FX Empire

Analysts Who Warned of Emerging-Market Rout Expect Painful 2019

If Jason Daw is right, some of the world’s biggest investors are setting themselves up for a major disappointment. The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class. He said the modest rally in currencies since September, led by Turkey’s lira, Brazil’s real and South Africa’s rand, is temporary and that slower global growth and additional tightening by the Federal Reserve will continue to weaken developing-nation currencies.

How the rich get richer in every type of stock market

Keep more In this case, researchers looked at the performance of groups of investors in the Indian stock market. What they wanted to know was, how do the rich get richer in the stock market? The answer, simply enough, is that they take the long view, that is, they hold stocks through downturns.

Here’s what smart rich people really do with their nest egg

Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.

Apple Says China iPhone Ban Would Force Settlement With Qualcomm

The U.S. company was responding to a Chinese court that ruled this week Apple infringed two Qualcomm patents and issued injunctions against the sale of six older versions of the iPhone. Apple, which has filed a request for consideration, argues the decision harms China’s interests by potentially raising the royalties and fees that phonemakers pay Qualcomm. Apple’s response underscores the importance of the Chinese market, as well as Qualcomm’s crucial role as a technology provider to the likes of Huawei Technologies Co. and Xiaomi Corp. On Friday, Apple said it will push out a software update for its Chinese users early next week, to address functions covered by the patents in question.

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  Qualcomm wants China to ban the iPhone XS and XR

  Engadget
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  Apple plans software update to get around Chinese iPhone ban

  The Independent

Starbucks debuts NYC's most grandiose store with 23,000 square-foot Roastery

On Friday, Starbucks (SBUX) debuted New York’s most grandiose coffee shop with the opening of its Reserve Roastery in the Meatpacking District, just across the street from one of its 300 existing NYC stores. The 23,000 square-foot location offers an “immersive experience” where customers can taste small-batch coffees roasted on-site or drinks like whiskey barrel-aged cold brew along with traditional espresso offerings. There’s a bar inside too called Arriviamo where customers can imbibe on specialty cocktails just like the Milanese tradition of aperitivo.

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  Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

  Reuters
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  Starbucks' Modest Growth in China Raises Concern Over Key Market

  Bloomberg

Silver Price Forecast – Silver markets fall on Friday

That’s a good sign, so I think that the market may try to bounce towards the $15 level. If we can break above the $15 level, then I think the market probably goes towards the $16 level. The alternate scenario of course is that if we break down below the $14.50 level, then we could go down to the $14 level.

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  GBP/JPY Price Forecast – British pound falls hard

  FX Empire
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  Crude Oil Price Forecast – crude oil continues to struggle

  FX Empire