Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.
Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.
Aurora Cannabis is set to begin trading on the New York Stock Exchange on Tuesday under the ticker ACB. Aurora Cannabis was plunging Monday, down more than 14%, one day ahead of the company's trading debut on the New York Stock Exchange. The Canadian producer, which grows cannabis for both the adult-use and medicinal market, has seen its market capitalization explode by more than 150% since August — to nearly $10 billion — as both corporate giants and investors have gotten in on the "green rush" into marijuana.
October is living up to its infamous reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. The recent rebound “was a dead cat bounce,” said Michael Wilson, an equity strategist at Morgan Stanley, in a report. After eking out gains last week, the S&P 500 (SPX) is trading below the 200 DMA of 2,768 Monday as stocks struggle for direction with third-quarter earnings cycle picking up pace.
Traders Joe Terranova, Steve Weiss, Josh Brown and Jim Lebenthal are joined by Ali McCartney, managing director with UBS Private Wealth Management, to discuss whether the market rally will continue or if they believe a bear market is on the way.
Advanced Micro Devices AMD is set to report third-quarter 2018 results on Oct 24.The company is expected to gain from robust demand of graphic processor units (GPUs), which are now profusely used in industries like gaming, automotive and blockchain.Increasing
"Amazon AMZN , Google GOOGL , Microsoft MSFT — we like and own all of these, and one of the things that all three have in common is that they're huge players in cloud computing and that space is going to continue to see accelerating growth over the next several years," Tepper told CNBC's " Trading Nation " on Friday.
STOCKSTOWATCHTODAY BLOG 10:03 a.m. That didn’t take long. After opening up this morning, the three major index’s have slipped into the red. The S&P 500 has dropped 0.6% to 2751.32, while the Dow Jones Industrial Average has declined
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
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider General Electric (GE). This industrial conglomerate has an established record of topping earnings estimates, especially when looking at the previous two reports. For the previous quarter, the consensus estimate was $0.11 per share, while it actually produced $0.16 per share, a surprise of 45.45%.
Alibaba (NYSE:BABA), like many Chinese stocks, has been under pressure in 2018, mostly due to trade war concerns. In fact, the pressure has driven BABA stock down 17% year-to-date. And the strengthening U.S. dollar and reports of a potential cooling of the Chinese economy have added to the uncertainty surrounding BABA in the past few weeks. As one of the most successful IPO’s of the past few years, and with a market cap of $380 billion, Alibaba has become a highly regarded global company.
Ted Rossman, Creditcards.com analyst, looks at FICO's new credit scoring system and if there are any benefits for consumers. FICO says 4 million customers may see a 20-point increase.
U.S. stocks were mostly lower on Monday, Oct. 22, and cannabis plays weren't immune with some of the biggest names dropping double digits. The S&P 500 was declining for the 11th time in 13 sessions while the Dow Jones Industrial Average also was
A look back at its recent headlines and results doesn’t exactly make Chesapeake Energy (NYSE:CHK) out to be a “must-have” kind of name. Although CHK stock has held up better than the broad market this month, so too have peers like Cabot Oil & Gas (NYSE:COG) and Southwestern Energy (NYSE:SWN). The resilience from Chesapeake Energy stock may have more to do with the resilient price of oil and gas than it has to do with the company itself.
Based in Houston, Enterprise Products Partners (EPD) is in the Oils-Energy sector, and so far this year, shares have seen a price change of 7.66%. The provider of midstream energy services is currently shelling out a dividend of $0.43 per share, with a dividend yield of 6.03%. Enterprise Products Partners has increased its dividend 5 times on a year-over-year basis over the last 5 years for an average annual increase of 4.93%.
Aurora Cannabis Inc. ( ACB) has confirmed that its shares will begin trading on the New York Stock Exchange (NYSE) Oct. 23. The Edmonton, Canada-based company, referred to in some circles as the Berkshire Hathaway Inc. ( BRK.B) of cannabis because of its successful track record investing in other firms, said its shares will trade under the ticker “ACB,” the same symbol it uses in its separate Toronto Stock Exchange listing. Aurora will become the third licensed Canadian cannabis company to list in the U.S. after Canopy Growth Corp. ( CGC) and Tilray Inc. ( TLRY).
The jackpots will be subject to federal withholding, which is an immediate 24 percent before the winner ever receives a cent. Some states also impose a withholding tax, Clarence G. Kehoe, CPA and partner at public accounting firm Anchin, Block & Anchin, told FOX Business. The IRS will also tax the winnings at the highest federal income bracket, which now sits at 37 percent for individuals with incomes in excess of $500,000. You would owe any difference left over between that tax rate (37 percent) and the federal withholding rate (24 percent) when you file your tax return at the end of the year, K. Eli Akhavan, partner and chair of the Private Client and Wealth Preservation Group at CKR Law, told FOX Business.
This year at Google, contract workers outnumbered direct employees for the first time in the company's 20-year history. This trend is on the rise as public companies look for ways to trim HR costs or hire in-demand skills in a tight labor market. As the gig economy grows, the ratio of contract workers to regular employees in corporate America is shifting.
NEW YORK (AP) -- The latest on developments in financial markets (all times local): 4 p.m. Banks led a broad slide in U.S. stocks on Wall Street, giving the S&P 500 index its fourth straight loss
The SPDR Biotech ETF ( XBI) had been up 18% for 2018 at the start of September. Since then the Biotech ETF has given up nearly all of its gains and is now up less than 1% on the year. But not all biotechs have been poor performers during this time, and some may be poised to gain 15% or more in the final few weeks of 2018. The stock reached an intraday high of $23.50 on October 18, and should the stock be able to rise above technical resistance at $24, it could be on its way to $27.20. Should the stock rise above technical resistance at $45.25, the shares could increase to roughly $50.
Shopify Inc. SHOP is set to report third-quarter 2018 results on Oct 25. Notably, the company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average positive surprise of 232.5%. In the last reported quarter, Shopify reported adjusted earnings of 2 cents per share, surpassing the Zacks Consensus Estimate by 4 cents.
In that same time, the Consumer Discretionary sector lost 5.92%, while the S&P 500 lost 4.68%. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.61 per share and revenue of $15.84 billion, which would represent changes of +108.8% and +35.49%, respectively, from the prior year. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Unisys (UIS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 29, 2018, might help the stock move higher if these key numbers are better than expectations.
Heading into today, shares of the world's biggest maker of health care products had lost 2.06% over the past month, outpacing the Medical sector's loss of 4.49% and the S&P 500's loss of 4.68% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.11 billion, down 0.42% from the year-ago period. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Intel INTC is scheduled to report third-quarter 2018 results on Oct 25.Notably, the company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average positive surprise of 19.9%.Last reported quarter,