This woman’s husband balked at the idea. She earns three times more than himDMAMBMCMDMEPREVIEWZQZRZSZTZUDear Moneyist,My husband is 16 years older than me and, two years after our marriage, I discovered that he was five years older than his official
This man has a problem that many Americans would love to haveDMAMBMCMDMEPREVIEWZQZRZSZTZUDear Moneyist,My wife and I are in our mid 30s and have been blessed enough to be relatively debt-free and purchase our first home together.Should we use that $200
Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home all of its overseas cash. Well, not necessarily. Apple AAPL, -0.45% said in its release that the company planned to “create over 20,000 new jobs through hiring at existing campuses and opening a new one.” The key word there is “create,” which Apple really likes to use when discussing jobs: The company even has a portion of its website dedicated to “job creation” that claims it is “responsible for 2 million jobs” in the United States, most of which are jobs “attributable to the App Store ecosystem.” Apple currently employs 84,000 people in the U.S., it said Wednesday,
The biggest political story all week was the impending government shutdown, which took effect at midnight on Friday. During the most recent 16-day shutdown in 2013, the S&P 500 gained 3.1%. Economists at Goldman Sachs estimated that each week the government is shut down in the first quarter would take 0.2% off first quarter GDP. Meanwhile, Treasury yields continued their recent market higher with the two-year Treasury yield settling above 2.05% and the 10-year Treasury settling at 2.64%, above the 2.63% Jeff Gundlach called out earlier this month as a key level for the benchmark government bond.
A personal defined-benefit plan provides a guaranteed payout in your retirement years, just like the defined-benefit plans of old. With a 401(k) plan, in contrast, the maximum amount you can invest tax-free each year is $18,500 (if you’re over 50, this amount increases to $24,500). With a defined-benefit plan, this maximum amount can be an order of magnitude larger.
Getting old in America isn’t what it used to be. In a worldwide study, the U.S. fell to No. 17 (down three spots from last year) in the Natixis Global Asset Management Global Retirement Index. The index ranks 43 mainly developed countries on their ability to offer its citizens a secure retirement. Norway, Switzerland, Iceland and Sweden top the list. Why did the U.S. have such a dismal showing? The U.S. took hits in income equality, health care spending and life expectancy. While America may have the fifth-highest income per capita, we have the sixth lowest score for income equality, suggesting that retirement saving is difficult for average workers. Our life expectancy fell, yet we spend the
You’ve spent your whole life saving for retirement . For many investors, the transition can be confusing or even traumatic. As investors approach this transition from saving to spending they should take three steps: start with a retirement income plan, keep their portfolio invested and diversified, and then rebalance their portfolio periodically to generate the cash they require.
Goldman Sachs says the government shutdown will result in a 0.2% reduction in first-quarter GDP for every week it persists. Expect the government shutdown to slowly drain the US economy, says Goldman Sachs. Now that the federal government has failed to successfully negotiate a funding bill, first-quarter gross domestic product (GDP) will slip by 0.2 percentage points for each week the shutdown persists, according to Goldman.
Ford Motor Co. comes to the week of its fourth-quarter earnings release hobbled by weak guidance and lows for its stock. The auto maker is scheduled to report results after the bell on Wednesday. Ford’s guidance earlier this month has disappointed Wall Street, and analysts are likely to scour earnings for signs the company can weather the storm. Bright points for Ford F, -0.58% include its best-selling pickup trucks and SUVs, the type of vehicles that U.S. residents have taken a marked liking in recent years at the expense of sedans and compacts. The company is also looking at launching compact SUVs this year, which have also grown in popularity. “That’s where the profits are, and where the
Sutat Chew of the Singapore Exchange says Chinese firms took to the bourse last year to raise equity and debt funds that were part of Belt and Road initiatives.
Something odd has happened in U.S. markets in recent days, and it may be a sign that it’s time to start worrying about the stock rally, according to Citigroup Inc. While the S&P 500 Index has extended record highs, high-yield credit spreads have been widening a little, and implied volatility has been ticking up. “Especially the latter is odd and usually only occurs in an equity market dip, at least a small one, and not a rally,” strategists including Jeremy Hale wrote in a note to clients Friday. “We are monitoring the moves in credit and equity volatility as another potentially bearish tactical signal for stocks.” Stocks across the world have had a strong start to the year, helped by bullish
The stock market is on fire in 2018. In just 13 trading sessions, the S&P 500 and Dow have rallied close to 5% each, with the Nasdaq closing in on a 6% year-to-date gain. So what's with the melancholy attitude, Wall Street bears? There's no sugar coating it: the stock market will, at some point, endure a correction. But timing is what needs to take focus here. Some of the best and most respected analysts on the Street have said stocks will continue to rally in 2018. And they have good reason to be bullish: tax reform is likely to unleash a wave of much better than expected profit reports this year and next. Giant companies such as Action Alerts Plus holding Apple (AAPL) , Boeing (BA) and Disney
After a year of political spectacle, a government shutdown looks like it won’t divert investors from the economic and earnings tidings that have occupied Wall Street’s minds of late. Equity investors with the first chance to trade since the U.S. government officially entered a partial closure showed little concern that the world’s largest economy will stumble. Futures on the S&P 500 Index dipped just 0.1 percent as of 12:19 p.m. in Tokyo Monday, and benchmark 10-year Treasuries were little changed, after the Senate departed without a deal. U.S. stocks jumped to a record close Friday even as the impasse deepened in Washington. “I’m not overly worried,” Jurrien Timmer, head of global macro at Fidelity
Anthony Noto, Twitter Inc.’s chief operating officer, is in talks with Social Finance Inc. to become the online lending company’s new chief executive officer. San Francisco-based SoFi has been searching for a leader since September, when co-founder and CEO Mike Cagney departed amid turmoil at the firm. Noto has yet to accept an offer, and talks could still fall apart, according to people familiar with the matter. He is one of fewer than a handful of finalists for the role, with as many as two women and two men in the running, said the people, who asked not to be identified since the matter is private. SoFi declined to comment. Twitter spokeswoman Kristin Binns said, “As a policy, we don’t comment
Credit Suisse Group AG, Switzerland’s second-largest bank, plans to increase its bonus pool for last year as the lender makes progress on its three-year restructuring plan, two people familiar with the plans said. Swiss newspaper Schweiz am Wochenende earlier reported that the pool would probably increase by about 10 percent. Credit Suisse declined to comment.
Nicolas Mackel of Luxembourg for Finance says companies are making decisions to relocate operations without waiting for the end of Brexit talks.
One of my 2018 Amazon.com (AMZN) predictions -- that Prime would see a price hike -- just partly came true. And it wouldn't be altogether shocking if it went from being partly to completely true by year's end. This morning, Amazon announced that the price for a U.S. Prime subscription paid on a monthly basis would be rising by $2 to $12.99 per month, or nearly $156 on an annualized basis. For now, however, the price of an annual Prime membership, which was last hiked in early 2014, remains at $99. Clearly, Amazon is trying to motivate Prime members on monthly subscriptions to switch to the annual plan, which likely has less churn and (since credit cards are billed just once each year) carries
Tesla Inc.’s roaring start to the year has left short sellers about $1 billion in the red. Tesla (TSLA) shares overcame steep losses and a rocky late 2017, when the Silicon Valley car maker was beset by doubts about its ability to produce the Model 3 in larger numbers, to rise more than 12% so far this month. Short interest in Tesla stock— money betting on a stock decline—is around $10.88 billion currently, said Matthew Unterman, a director at S3 Partners, a financial analytics company that has access to and tracks real-time short interest data.
If you've ever made a student loan payment or carried a credit card balance into a new month, you already know how interest rates work. In those cases, it's the percentage tacked onto your principal debt, or the price you pay later for borrowing money now. The federal funds rate (FFR), the interest rate of all interest rates, is calculated by the Federal Reserve and determines how much a bank needs to pay if it borrows money from another bank.
The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.
Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc , Amazon.com Inc and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering. Wall Street on Friday shrugged off a looming U.S. government shutdown and propelled the S&P 500 to a record high as investors focused on upcoming quarterly reports. Many of the largest companies - Microsoft Corp , Apple Inc , Alphabet Inc and Amazon.com - have outperformed the broader market in the first 13 trading days of 2018, with investors betting strong earnings growth will justify tech valuations at their highest levels in a decade.
If Amazon's (AMZN) futuristic new convenience store is a success, the job profession known as cashier may be extinct within 20 years. Amazon Go, a cashier-free convenience store concept, will finally swing open its doors to the public on Monday in Seattle. The store has been in test form by Amazon employees since 2016. John Q public will be able to shop for groceries at the 1,800 square foot store, and once they are finished, walk out without checking out. The company will use technology that automatically detects when products are taken from, or returned, to shelves and track those items in a virtual shopping cart. Amazon will then charge the Amazon accounts of shoppers shortly after and send
International Business Machines Corp. will be challenged in the short term to stabilize its margins, meet its somewhat disappointing outlook and maintain a minuscule tax rate, analysts said Friday. IBM IBM, -3.99% shares started falling late Thursday and dropped 4% to close at $162.37 Friday, after the company offered a disappointing outlook along with an earnings beat and return to revenue growth following 22 straight quarters of declines. Friday marked the biggest one-day percentage drop for the stock in six months, when shares fell 4.2% on July 19, and wiped out gains from earlier in the week. By comparison, the Dow Jones Industrial Average DJIA, +0.21% , which counts IBM as a component,
Amazon selected 20 cities as finalists for the company’s HQ2, the company’s new headquarters. It could mean a lot for those cities — and the colleges and students located there. A new study suggests that a company’s decision to open a new office could push the company to recruit from schools in the area. Companies are nearly twice as likely to recruit at universities within 100 miles of a new office in the four years after opening the new office compared to the year before it opened, according to an IZA — Institute of Labor Economics discussion paper. And if the new office is in a location where there’s a dearth of companies in its industry — say somewhere other than the coasts? The firm is six
While Netflix's Q4 international guidance for seasonally strong Q4 was above consensus estimates, its U.S. guidance fell short. Thanks to the hike, which respectively raised prices for Netflix's Standard (HD) and Premium (4K) plans by $1 and $2 per month to $10.99 and $13.99, Netflix opted to be conservative with its U.S. guidance. It should also give us an idea as to how much the price hike is lifting Netflix's average selling price (ASP).