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.

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

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.

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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  Stocks are getting crushed in the winter wipeout and trad...

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

  CNBC Videos

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

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.

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.

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 and Bono, she’s nearly a one-name-only celebrity.

Robinhood lacked proper insurance so will change checking & savings feature

Robinhood will rename and revamp its upcoming checking and banking features after encountering problems with its insurance. Robinhood's new high-interest, zero-fee checking and savings feature seemed too good to be true. The CEO of the Securities Investor Protection Corporation, a nonprofit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood originally claimed.

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  Cash deposited in Robinhood's 3% checking and savings isn't insured, SIPC says

  USA TODAY
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  Robinhood's new checking account products raise regulator...

  CNBC Videos

The Stock Market Is the Most Divorced It’s Been From the Economy Since 2010

It’s getting harder to argue that the American economy’s showing signs of trouble, but judging by stocks, things don’t look so well. The divergence is getting to be historic. Data Friday showed retail sales excluding autos and gasoline grew by more than economists expected in November, prompting Scotiabank Economics to declare -- in all caps -- that “the U.S. consumer is alive and kicking.

• Holiday Shopping Season Off to Solid Start as Retail Sales Surged in November

  Footwear News
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  Retail Sales: Stronger in the U.S., Weaker in China

  Zacks

Do You Really Want a Benchmark-Beating Bond Fund?

AQR's Jordan Brooks discusses his research into what drives outperformance of fixed-income managers and what that means for investors.

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.

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.

China's consumers, factories take a beating as economic gloom deepens

China's November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as the economy lost further momentum, heaping pressure on Beijing to defuse its trade dispute with the United States. The world's second-largest economy has been losing momentum in recent quarters as a multi-year government campaign to curb shadow lending put increasing financial strains on companies in a blow to production and investment. The stresses on broad activity have been compounded by a sharp escalation in China's trade row with the United States, which has threatened to fracture global supply chains, chill investment, exports and growth.

• US STOCKS-Futures drop about 1 percent on global growth risks

  Reuters
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  Global growth worry hits stocks, but U.S. data lifts dollar

  Reuters

U.S. Stock Market Exodus Is Second-Biggest Ever, BofA Says

U.S. stock funds bled $27.6 billion in the days through Dec. 12, which includes last Friday’s plunge in the S&P 500 Index that capped the worst week for the gauge since March, according to BofA’s note, which cited EPFR Global data. The turmoil in stocks, which has erased as much as $4 trillion in U.S. equities since the end of September, continued this month as traders feared that a global economic slowdown will curb earnings growth and end the equity bull run. Instead of U.S. equities, market players flocked to Japanese and emerging-market equity funds, in addition to government bonds as global equity funds saw a record weekly outflow of $39 billion, according to BofA.

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  Retail Investors: Most Pessimism in More than Five Years

  Market Realist
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  U.S. Leveraged Loan Funds Lose Cash at Fastest Pace Ever

  Bloomberg