When it comes to saving for the future, Americans aren't doing great. Those between the ages of 55 and 64 who have retirement savings have a median of $120,000 socked away, Bankrate reports in a new survey, citing data from the Federal Reserve. That's only 12 percent of the $1 million many experts recommend, and it's worth noting that even $1 million doesn't stretch as far as it used to. So how much should Americans be earmarking for retirement in order to be sufficiently funded in their golden years? Financial services company Fidelity recommends putting away 15 percent of your income per year starting at age 25 and investing more than 50 percent of your savings over your lifetime. "The good
While people are still coming to grips with the fact that Toys ‘R’ Us will be nothing but a memory before long, bargain hunters have been scouring for information on when the liquidation sales will begin. Going out of business sales will begin at most U.S. stores on Thursday, the company said at a hearing in U.S. Bankruptcy Court Tuesday.
Streaming giant Netflix has created its own typeface, just like other tech companies have done. Netflix Sans is the name of the bespoke font, while Apple's is called San Francisco, introduced at its developer conference in 2015. Samsung announced SamsungOne in July 2016. Why? Because it will save Netflix marketing dollars, as using fonts often attracts large licensing fees, according to its brand design lead Noah Nathan. "With the global nature of Netflix's business, font licensing can get quite expensive," he told design website It's Nice That on Wednesday. "Developing this typeface not only created an 'ownable' and unique element for the brand's aesthetic … But saves the company millions of
Steve Wynn sold 4.1 million shares of Wynn Resorts at $180 per share, the filing showed, which now makes him the third-biggest shareholder in the company, behind his former wife Elaine Wynn and The Vanguard Group Inc, according to Thomson Reuters data. Wynn Resorts' shares dipped 0.8 percent to $177.50 in trading ahead of the opening bell. The casino mogul's share sale comes a week after Wynn Resorts said Steve and Elaine Wynn, who has a 9.26 percent stake, had scrapped a shareholder agreement that prevented them from selling their stakes.
The Social Security full retirement age is 66 for most baby boomers, and you receive a smaller monthly payout if you sign up at a younger age. Here's how to sign up for Medicare while delaying claiming Social Security. Social Security and Medicare are separate decisions.
VZ has been in a strong downtrend since early February, and it is now making another bearish break out of a multi-week consolidation range and below a key up-trending support level. Treasury yields are moving higher once again, and that is putting pressure on the strong 4.99% dividend yield VZ is currently offering. While 4.99% may look like an attractive enough dividend yield to entice new investors, it’s important to remember that a rising dividend yield is simply a byproduct of a stock that is dropping.
Southwest Airlines shares tumbled after the company lowered its first-quarter estimates.
General Electric Company (GE) stock is nearing strong harmonic support following a brutal 15-month downtrend, suggesting that it will soon enter a long-term bottoming pattern. The stock underperformed badly through 2016, slumping well below the 2000 and 2007 highs while other mega caps reached for the stars, posting record profits in reaction to the weak U.S. dollar and the Fed's quantitative easing program. Donald Trump's election triggered a major sell-off, with market players aggressively dumping General Electric shares and reallocating freed up capital into better performing equities. Weak profits and a tone-deaf management team have added to downside pressure for General Electric in recent months, with the new board of directors including just three new candidates despite an obvious need to clean house.
A month has gone by since the last earnings report for Transocean Ltd. RIG. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Transocean posted narrower-than-expected loss per share in the fourth quarter of 2017.
Software giant Oracle Corporation (NYSE:ORCL) reported its latest batch of earnings this Monday. While the selling was severe, ORCL stock now as a result also arrived at a better technical support area where a bounce could occur.
U.S. equity markets sank and investors sought out havens in Treasuries and gold futures after reports that President Donald Trump is expected to announce $50 billion of tariffs against China, honing in on more than 100 types of Chinese goods. Here’s how the angst over a trade war is playing out in markets. Boeing Co., Caterpillar Inc. and 3M Co. sank at least 2.7 percent as of 11:38 a.m. in New York, the biggest drops in a Dow Jones Industrial Average that is off 450 points.
Micron Technology Inc. investors should expect to be surprised when the company reports earnings, as the options market is preparing for a bigger-than-average post-results reaction in the stock. The memory-chip maker MU, -1.87% is scheduled to report fiscal second-quarter results after Thursday’s closing bell. Investor and analyst expectations appear to be running relatively high, as six analysts surveyed by FactSet have raised their stock-price targets in the past week while only one has trimmed their target. And the stock, which is already the PHLX Semiconductor Index’s SOX, -1.00% best performing component this year, as well as over the past 12 months, has gained 2% the past week while the
Former Uber CEO Travis Kalanick is becoming the CEO of City Storage Systems. The company takes disused spaces like car parks and abandoned shopping malls and helps businesses make use of them. The company has projects to create kitchens for food delivery and also warehouse space for online retail companies.
Citigroup Inc. said Chief Executive Officer Michael Corbat was unaware that the bank was in the process of closing a real estate loan to a Kushner Cos. venture when he met with Jared Kushner. Corbat requested the March 2017 meeting with Kushner, a senior adviser to President Donald Trump, to discuss U.S. trade policy and didn’t discuss the loan or any personal business with Kushner Cos., the bank’s general counsel said in a letter to four Democratic senators. New York-based Citigroup said the Kushner family has been a client for decades and the loan on a Brooklyn real estate project was made with no input from Corbat.
Philip Morris International Inc. PM seems to stand firm on its ambitions of developing a smoke free future, evident from its recent move to completely transform one of its cigarette production facilities in Greece for the manufacture of HEETS — a unit used with iQOS. At a time when Philip Morris, like other major tobacco players, is witnessing receding cigarette sales, the company has been tactfully keeping its ducks in a row with reduced risk products (RRPs). For the transformation of Papastratos factory in Greece for the production of HEETS, the company plans an investment outlay of approximately EUR 300 million.
Huawei can’t catch a break in the States. Just at the company was set to announce a big carrier deal at CES, AT&T reportedly switch gears last minute. Now, a week before the company is set reveal its next big flagship at an event in Paris, Best Buy is
In the latest complication for Qualcomm Inc., China’s regulators are seeking more protections for local companies before approving the U.S. chipmaker’s proposed purchase of NXP Semiconductors NV, according to people familiar with the matter. That could jeopardize Qualcomm’s bid to survive as an independent company. The concerns raised by Beijing have surfaced about a week after President Donald Trump said he was blocking Broadcom Ltd.’s proposed acquisition of Qualcomm to prevent China from stealing a technological march on the U.S. China’s Ministry of Commerce isn’t satisfied with the remedies that Qualcomm has offered so far and has told the company to propose more, said the people, who asked
Beware of the snow. Tesla in a Bear Market Is a Nice Headline, but Remember Why OMG TESLA'S STOCK IS IN A BEAR MARKET AND IT'S OUT OF CONTROL - THIS IS A PIVOTAL MOMENT FOR THE ELECTRIC CAR MAKER OMG. To anyone who has used this headline in the past 24 hours - please, please, please relax. Everything is going to be OK in the world. Facebook's (FB) Mark Zuckerberg will get his. Daniel Bryan will have a great comeback in the WWE (WWE) ring. And if you are in the Northeast, you will survive the five inches (or lots more)of snow on the car that's coming Wednesday. In case you didn't see the breaking news, Tesla's (TSLA) stock has fallen 10% from its highs, putting it narrowly in a bear market weeks
Steve Wynn cut his stake in the $18 billion casino company he founded after settling an acrimonious, six-year court fight with his ex-wife, a move that may move the company closer to becoming an acquisition target. Wynn, 76, sold 4.1 million shares in Wynn Resorts Ltd. at $180 a share, according to a regulatory filing Thursday. The sale brings his stake down to 7.8 percent from 12 percent, lower than his ex-wife’s holding in the company.
Further, entry of cable MSOs (multi service operators) like Comcast and Charter Communications has made it all the more difficult. Despite cut-throat pricing competition in the industry resulting in unlimited data plans with several sweeteners, postpaid customer gain is a major positive. Given this backdrop, it is not a bad idea to undertake a comparative analysis of two major players in the telecommunication industry — Verizon Communications Inc. VZ and AT&T Inc. T based on certain parameters.
Measuring the stock market’s valuation is made even more difficult than usual because of the dominant role currently played by a few giant technology companies. Consider the four companies in the S&P 500 (^GSPC) , other than Apple (AAPL) , with the largest market-caps currently — Alphabet (a.k.a Google) (GOOGL) , Amazon.(AMZN) Microsoft (MSFT) and Facebook (FB) . The average P/E ratio of these four, based on trailing 12 months earnings, is 101.7 — versus 25.6 for the S&P 500.
Ford Motor Co. is losing two executives it recently recruited from Silicon Valley, the latest in a series of prominent executives to leave the car maker since Chief Executive Jim Hackett was hired last year to forge fresh thinking at the company.
The three major indexes were down roughly 1 percent after Trump spoke, easing from a slide that saw them drop nearly 2 percent earlier as investors fretted over the scale of U.S tariffs and the possible repercussions on global trade. It looks like there is going to be at least a 30-day window between now and when it actually gets implemented," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Shares of Micron MU closed slight lower on Wednesday, just one day before the company is scheduled to release its latest quarterly financial results. This red-hot stock has attracted plenty of attention lately, so we should expect its earnings announcement to make waves throughout Wall Street as investors continue to grapple with fresh market-wide volatility and international trade questions. Micron is one of the world’s leading semiconductor memory solutions companies.