The main question is whether I would get a better return by selling the duplex and investing the money or by keeping the property and collecting rent. What if the rental is vacant for a period of time?
Qualcomm and its advisors have been working to reassert control over the company's deal to acquire NXP Semiconductors this weekend, by trying to figure out what price will be enough to garner the 80 percent of shares needed to close the deal, sources tell CNBC. On Friday, Qualcomm's advisors at Goldman Sachs began contacting large holders of NXP to ascertain at what price those holders would be willing to sign voting agreements stipulating their support for a deal, according to people familiar with the conversations. While no specific price was offered, Qualcomm's advisors were said to have broached "the low $120's" as a possibility for a deal. This is Qualcomm's first effort in months to see what price large holders of NXP Semi would be willing to accept in order for Qualcomm to close the all cash deal, which is worth more than $40 billion.
More than 77% of people consider credit-card debt unattractive, according to a survey released Monday by personal-finance site Finder.com. On average, people say $11,525 in credit-card debt is enough of a red flag to swipe left or walk away. Payday loans, which can have astronomical interest rates as high as 400%, are the second most unacceptable forms of debt for daters.
You need to estimate health-care expenses, your lifespan, taxes, future investment returns, interest rates and inflation over decades to make an informed retirement decision. Miscalculation in any of these areas can cause drastically divergent retirement outcomes.
Billionaire David Tepper, the head of Appaloosa Management, recently filed his quarterly 13F report. According to the SEC filings, Appaloosa's value increase by almost 50% in the last quarter of 2017. As of the start of 2018, Appaloosa Management's largest holdings were Micron Technology Inc. (MU), Facebook Inc. (FB), and Powershares QQQ Trust (QQQ). $10.5 Billion Portfolio Stocks in Appaloosa's portfolio which were represented on the 13F filings totaled $10.5 billion as of December 31, 2017. The list value for those stocks was up an astonishing 47.5% as compared with the previous quarter, according to Value Walk. By comparison, the S&P 500 was up just over 6% over the same period. At a time
Shares of AmerisourceBergen soared Tuesday on reports that Walgreens is pursuing a complete takeover of the huge drug distributor. The Wall Street Journal reported late Monday that Walgreens Boots Alliance Inc. reached out to AmerisourceBergen Corp. about a potential deal several weeks ago. Walgreens already owns about 26 percent of the company, according to data provider FactSet.
Feb.18 -- Lighthouse Research Founder and Chief Economist Jean-Paul Pigat discusses the future of South Africa's credit rating. He speaks with Bloomberg's Yousef Gamal El-Din and Tracy Alloway on "Bloomberg Markets: Middle East."
The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months.
Wells Fargo investors have learned a lot about the bank’s worsening issues recently, but they should be watching carefully over the next couple of weeks for possibly more bad news — from the bank’s auditors, KPMG. KPMG must opine on Wells Fargo’s(WFC) internal controls by around March 1, and investors might not like the answer: the very real possibility of an adverse opinion from the auditors identifying material weaknesses in the bank’s controls.
If things go well with the investments, the conflict lies dormant. The firm manages retirement accounts with portfolios built by its Investment Advisory Board: Burt Malkiel (Princeton professor who wrote “A Random Walk Down Wall Street”), Charles Ellis (past chair of Yale’s Endowment) and Jay Vivian (ran IBM’s retirement funds).
Qualcomm has been seeking to walk a fine line between resisting Broadcom's acquisition approach, which it says undervalues it and is fraught with regulatory risks, and demonstrating to shareholders and proxy advisory firms such as ISS that it is willing to engage to secure a better deal if possible. In a report published late on Friday, ISS recommended to Qualcomm shareholders that they vote for four out of the six board director nominees that Broadcom has put forward for election at Qualcomm's shareholder meeting on March 6.
Feb.18 -- Star Entertainment CEO Matt Belier discusses the company's earnings, performance and expansion plans. He speaks on "Bloomberg Daybreak: Australia."
Bob Michele, chief investment officer for fixed income, currencies and commodities at JPMorgan Asset Management, tells Business Insider inflation expectations are key to the market's fortunes. Michele believes equity markets can absorb rising bond yields — barring an inflation spike that makes Treasury rates jump more quickly than foreseen. Ongoing monetary easing from the European Central Bank and the Bank of Japan could provide some downward pressure on bond yields.
The tech-heavy Nasdaq, which was the only losing among the major averages on Friday, paced gains for the week, rising 5%. Fourth quarter earnings season is winding down, but a couple of premier reports are expected on Tuesday morning as both Walmart (WMT) and Home Depot (HD) will report results. Walmart earnings on Tuesday morning will give investors a read on the U.S. consumer.
Cisco Systems Inc. has turned the corner in a painful transition, with the first quarter of revenue growth since 2016 showing success in the networking giant’s quest to become a subscription-based business. Cisco (CSCO) reported better-than-expected fiscal second-quarter revenue and adjusted earnings Wednesday, excluding the impact of a charge related to the changes in the U.S. tax law, and its shares rose 7% in premarket trading Thursday. Cisco shares jumped to levels not seen since the dot-com boom went bust, and were already up nearly 10% this year, while the Dow Jones Industrial Average (^DJI) , which counts Cisco as a component, is up less than 1% early in 2018.
An ex-chairman of the Securities and Exchange Commission, Harvey Pitt, had a withering take on the current state of the stock market, which has seen average speculators crushed by short-volatility products and speculators gripped by a fervor around blockchain-related assets. Pitt told CNBC during a Friday morning interview that the U.S. has “become a nation of day traders.” The Brooklyn-born, 72-year-old legal professional was the 26th SEC head, serving from 2001 to 2003, during George W. Bush’s first term.
Silicon Valley is known for moving fast and breaking things, but Apple Inc. may want its employees to slow down in order to not break themselves or the company’s new $5 billion headquarters. According to documents and sources, Apple (AAPL) has run into a problem at Apple Park: Because so much of the interior is made from glass — the walls and doors, for example — people are walking into the panes, sometimes painfully. The company famous for its innovative design experienced at least two incidents of men walking into glass and causing injuries serious enough to warrant calls for local emergency services in the early days of its new “spaceship” campus, according to documents MarketWatch obtained via a public-records request.
Africa is rarely mentioned among the largest markets for cryptocurrencies. But it may be set to steal a march over other markets. (See also: The Rise Of Africa.) The surge in popularity of cryptocurrencies spurred the opening of at least 15 trading venues there within the past year alone. Peer-to-peer marketplaces also recorded a spike in trading volumes as bitcoin’s price skyrocketed last year. For example, trading volumes in Kenya on localbitcoins.com increased to $8.1 million in December 2017. Luno reported 2000 BTC worth of transactions in November 2017, when the cryptocurrency’s price was hovering in the $10,000 range. Approximately 37% of those transactions occurred in South Africa.
Thanks to the new tax law there are new lower tax rates - that means there also need to be different withholding rates -- and THAT could that your paycheck is going to change. But give us 60 seconds and you'll tell you why you shouldn't get too excited yet. The withholding tables tell your employer how much to withhold from your paycheck each pay period so that you pay in enough tax throughout the year. Come February, many of you will have less money withheld and watch your paychecks go up. Or not. So watch our video to see if you are one of the lucky ones. (Fingers crossed for your sake.) For more 60 second tips, subscribe to our YouTube channel here:
The stock market’s up-and-down ride has grabbed breathless news coverage this month, with the Dow Jones Industrial Average(^DJI) suffering its biggest one-day drop since 2008 followed by a rebound this week. It’s not an issue that gets a lot of attention in news about the country’s economic health, but it’s common: More than one-third (34%) of households experienced a 25% or more change in income year-to-year between 2014 and 2015, according to an analysis by the Pew Charitable Trusts, a Philadelphia-based think tank. “When we think about how the economy is doing broadly, there are big topline numbers we see, whether it’s GDP or the unemployment rate, that may not explain what’s happening at the household level,” said Clinton Key, a research officer at Pew.
Berkshire Hathaway vice chairman rips cryptocurrencies, urges tougher regulationBloombergCharles Munger, vice chairman of Berkshire Hathaway Inc., speaks at an event in 2011.DMAMBMCMDMEMGZGZQZRZSZTZUIt’s safe to say that billionaire Charlie Munger is
Forget vacations, new wardrobes or money toward a new car — when people get their tax refunds, health care spending rises 60% immediately in the week following, according to a recent study. Health care continues to be the top expenditure with these tax refund payments over the next 100 days, according to the report “Deferred Care: How Tax Refunds Enable Healthcare Spending” by J.P. Morgan Chase Institute. Cash-strapped families are more likely to use the money towards health care — out-of-pocket medical expenses on debit cards increased 83% following a tax refund check, instead of no real change to credit card spending, suggesting the people who needed the money were the ones making the transactions
Editor's note: This week and next, it's all about the Winter Olympic Games from PyeongChang on CNBC. But Mad Money will be back soon. In the meantime, we're giving TheStreet readers a chance to enjoy some of the best recaps of Cramer's special Mad Money episodes. Jim Cramer says it's extremely important to buy stocks that are exactly right for you and your level of risk tolerance. Is that stock you're about to buy really right for you? That was the question Jim Cramer posed to his Mad Money viewers, as he dedicated the entire show to the notion of suitability -- finding stocks that aren't right just for this week or this month, but are right for you, given your age and temperament. Suitability
Ahead of Walmart Inc.’s fourth-quarter 2018 earnings on Tuesday, Susquehanna Financial Group analysts reiterated its positive stock rating due to the giant’s position in food. Susquehanna raised the retail giant’s price target to $126 from $115 “based on our sum-of-the-parts valuation and our increased conviction that Walmart has a defensive moat in food and a viable final-mile delivery solution,” analysts led by Bill Dreher wrote in a Friday note.
Slumping utilities may be preparing for a reboundNextEraNextEra Energy is among the top five holdings of the Utilities Select Sector SPDR ETF. DMAMBMCMDMEMGPREVIEWZBZDZQZRZSZTZUThe Dow Jones Industrial Average recently suffered its quickest 10% drop