Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.
2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
Stocks rose on Monday after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war "on hold" following their agreement to suspend the tariff threats that roiled global markets this year. Mnuchin and U.S. President Donald Trump's top economic adviser, Larry Kudlow, said the agreement reached by Chinese and American negotiators on Saturday set up a framework for addressing trade imbalances in the future. As safe-haven demand for debt fell, U.S. bond prices were under pressure, keeping their yields not far from last week's peaks.
Only a few years ago, marijuana was seen as a ‘’gateway drug’’. Flash forward to today: cannabis is a huge business, one that could be worth $25 billion in the U.S. alone by 2020, and analysts expect demand to skyrocket as new laws are passed and social attitudes change. In the United States, the legal cannabis industry is worth $6.7 billion, according to Bloomberg.
The release of the Federal Reserve's meeting minutes this week could provide guidance for markets, says John Petrides of Point View Wealth Management.
Here are three tips for investors to keep in mind from TheStreet's founder Jim Cramer. Keep emotions out of investing, let the trading action and the company's fundamentals dictate your course of action. Says Cramer, "Always remember that once you have done the requisite research your determination of when to buy a stock needs to be strict, it needs to be unemotional.
Gold fell victim to surging U.S. Treasury yields, a stronger dollar and the easing of geopolitical tensions, falling sharply lower last week. The 10-year yield briefly hit 3.128 percent, its highest level since July 8, 2011 when the note yielded as high as 3.184 percent. The U.S. Dollar put in a stellar performance against a basket of major currencies last week, bolstered by solid U.S. economic data, rising U.S. Treasury yields and a weak performance in the Euro.
Applied Materials Inc. led semiconductor-related stocks to losses Friday and to a weekly decline after the chip-maker materials supplier’s outlook indicated a possible slowing in the recently hot sector. Applied Materials (AMAT) shares fell 8.3% to close at $49.51, after hitting an intraday low of $48.53, as analysts were split on target price moves after the company’s sales outlook was lighter than Wall Street expected. For the week, shares of Applied Materials are down 9.7%, the SOX index swung to a weekly loss of 0.4%, and the S&P 500 (^GSPC) finished down 0.5%.
"Alexa, order me my Lipitor" are five words that could prove financially devastating to pharmacies such as Walgreens Boots Alliance , CVS Health and Rite Aid . With Wall Street waiting on pins and needles to see how Amazon will enter the healthcare
The largest proxy advisory firm is recommending that investors reject two of Tesla Inc.’s board members, while also supporting a proposal to split the role of chairman and chief executive officer -- jobs now held by Elon Musk, the public face of the electric-car maker. By opposing directors Antonio Gracias and James Murdoch, and seeking to install an independent chairman, Institutional Shareholder Services is ratcheting up the pressure on Tesla to reform its nine-member board in the wake of production delays on its mass-market Model 3. "Shareholders would benefit from the strongest form of independent board oversight in the form of an independent chair," ISS wrote in a report to clients.
Starbucks today announced that it is now official policy to allow all guests in its stores to use its facilities, including restrooms, whether they buy anything or not. The coffee chain had previously lacked a clear policy on the question. That ambiguity
The departure of Baidu Inc.’s most senior operational executive threatens to derail the Chinese search giant’s ambition of placing artificial intelligence at the heart of its business. On Friday, the company stunned investors with the revelation that Microsoft Corp. veteran Qi Lu -- hired just over a year ago to accelerate its drive into everything from autonomous cars to digital assistants -- was stepping down because he could no longer work full-time in China for personal reasons. Credit Suisse Group AG became among the first to raise a warning flag when it downgraded the stock.
One can dream, right? There has been a whopping $1.85 trillion in global M&A so far in 2018, according to Dealogic, from 12,659 total deals. But there are three deals that would make some serious headlines. Amazon Buys Sears This seems unorthodox
It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. Apple has to pay $15 billion in total (€13 billion). In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS:DX-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.
is the older sister (159 years) to J.C. Penney Co. (116), yet there was more than age at play in this week's earnings reports of each. Macy's reported a strong first quarter, which shone all the more brightly because of its past weaknesses.
Asian stocks are set to start the week higher and U.S. equity futures jumped after U.S. Treasury Secretary Steven Mnuchin said the Trump administration won’t impose tariffs on Chinese products for now. Japanese futures rose in Chicago while S&P 500 contracts
Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more sinister scenario. As a result, oil prices have gradually risen during the period. It’s a trend most observers have been sanguine about, believing the U.S.’s tight oil producers, encouraged by rising prices, will increase output to ensure ample supply and keep a lid on oil prices getting ahead of themselves.
ISS also backed two shareholder proposals to be voted on at the company's annual meeting set for June 5, including one that would require it to separate the current chairman and CEO roles of founder Elon Musk. "The complexity of large-scale manufacturing and the challenges of successfully commercializing new technologies and new manufacturing and marketing techniques suggest that shareholders would be better served by having Musk focus on running the company, and allowing an independent director to run the board," according to a copy of ISS' recommendations seen by Reuters.
May.20 -- UBS Wealth Management CIO Office Managing Director of APAC Equities and Credit Hartmut Issel discusses his investment strategy. He speaks with Betty Liu on "Bloomberg Daybreak: Asia." (Correct to include complete interview)
Gary Lafever of Anonos says many firms are "unaware" of the new analytics and artificial intelligence requirements of upcoming European data regulations.
May.20 -- Westpac Private Bank Chief Investment Director George Toubia discusses the markets and treasury yields. He speaks with Haidi Lun on "Bloomberg Markets: Asia"