Dear 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 $200,000 to recast our mortgage — reduce the outstanding sum without altering the original terms — or invest the money? Our interest rate is low at 3.5%. We were able to make a 20% down payment, but our remaining balance is still over $1 million. I decided to sell the town house I purchased years ago, and was able to come up with an additional $400,000. We decided to pay off all of our remaining debt — $25,000 for a car and $15,000 for a student loan — make some home improvements to our bathroom and install solar electricity. We also
Dear 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 age. At the same time, we found out I was pregnant with our first child. He explained that there was some controversy about his date of birth as he was born at home in the Philippines. There was a fire and he lost his parents at a very young age. I found it hard to believe at that time, but we have a good relationship and — other than that — things were okay. Moreover, we were expecting our first child, so I let it go. I have very little financial education and have always trusted him to handle our finances while I worked hard. We have three kids together,
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.
Delta Air Lines is adopting stricter regulations for people who travel with service animals or emotional-support animals. The airline says the new rules are in response to a rise in safety incidents involving untrained or improperly trained animals. The stricter standards are designed to prevent people from using the airline's allowance of emotional-support animals to let their pets fly for free.
Insufficient investment, payment delays to suppliers, and the sanctions imposed by the administration of U.S. President Donald Trump have hammered Venezuela's oil industry and saw crude oil production fall 13 percent in 2017. On Friday, Schlumberger disclosed a $938 million write-down on its Venezuelan assets and receivables, citing political and economic woes affecting the country. Schlumberger and other suppliers accepted promissory notes or reclassified Venezuelan receivables in recent years as a way to manage debts from PDVSA [PDVSA.UL].
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Friday's trending topics including the potential government shutdown and IBM's (IBM) and American Express' (AXP) latest earnings. Cramer also comments on the stocks of Square (SQ) , Visa (V) and MasterCard (MA) . Watch all of Jim Cramer's full NYSE live shows right here:
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,
Canada's largest utility, Hydro Quebec, is reviewing its commercial energy strategy after being inundated with demand from global digital currency miners rushing to the province to benefit from political stability and low energy prices. Hydro Quebec will not have the long-term capacity to meet all the anticipated demand, a company spokesman said, after the utility's potential mining projects more than doubled in a week to 70. Bitcoin mining consumes large quantities of energy because it uses computers to solve complex math puzzles to validate transactions in the cryptocurrency, which are written to the blockchain, or digital ledger.
Singapore Exchange Ltd (SGX) is to allow companies to list with dual-class shares, a move which aims to attract blockbuster tech listings and follows a similar action by its Hong Kong rival. SGX's move is designed to make it the go-to-place for potential initial public offerings of Southeast Asian start-ups, such as ride-hailing services Grab and GO-JEK, and online retailers Tokopedia and India's Flipkart, analysts said. It also fits with the Southeast Asian city-state's moves to provide funding and light-touch regulation, as it seeks to reinvent itself as a fintech and new technology hub.
Gilead Sciences’ GILD subsidiary Kite announced that it has entered into a collaboration with Pfizer, Inc. PFE to evaluate a combination of its newly approved CAR-T therapy Yescarta (axicabtagene ciloleucel) and Pfizer's utomilumab, a 4-1BB agonist, for
The lawsuit, filed by Delaware Attorney General Matt Denn in a state court, targeted drugmakers Purdue Pharma LP and Endo International Plc along with several wholesale drug distributors and the retailers CVS Health Corp and Walgreens Boots Alliance Inc . The lawsuit accused Purdue and Endo of engaging in a massive marketing campaign aimed at concealing the risks of using opioids to treat chronic pain in order to overcome a medical consensus that using the drugs for that purpose was unsafe.
The “Fast Money Halftime Report” traders discuss the volatile week for stocks with Tom Lee, Fundstrat, and Mike Wilson, Morgan Stanley.
Service animals are meant to comfort their owners. In light of increased incidents on its aircrafts, Delta Air Lines announced new procedures and updated requirements for customers traveling with service and support animals. The company believes that some travelers have been trying (and succeeding in) to board flights pets under the guise of support animals.
As part of its defence against Broadcom, Qualcomm has argued that any deal faces a long antitrust review. Broadcom said that it had anticipated the second request as a normal part of the regulatory approval process.
An order of nuns brought their fight to stop a natural gas pipeline project on their rural Pennsylvania property to a federal appeals court Friday. The Adorers of the Blood of Christ argue that the construction of a pipeline through their cornfield in Lancaster County represents a violation of their religious freedom and duty to preserve the earth.
Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth (UNH), Amgen (AMGN) and United Technologies (UTX). Buy-rated UnitedHealth’s shares have outperformed the Zacks Medical Insurance industry in the last year (up +53.2% vs. +52.9%). The company’s fourth-quarter earnings beat expectations and grew year over year, led by higher revenues in both its segments and membership growth.
In a blow to manufacturers Monsanto Co (MON.N) and BASF SE (BASFn.DE), Arkansas state lawmakers voted on Friday to bar sprayings of a controversial weed killer after mid-April to protect farmers from potential crop damage. Arkansas will prohibit the use of herbicides based on a chemical known as dicamba from April 16 to Oct. 31, the strictest state limits imposed on the product after it was linked to millions of acres of U.S. crop damage last year.
NEW YORK/LONDON (Reuters) - Gold prices rose slightly on Friday as the U.S. dollar hovered near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks. The U.S. dollar fell versus a basket of currencies as the U.S. Senate raced to avert a government shutdown on Friday ahead of a midnight deadline with no agreement on funding in sight. Spot gold was up 0.5 percent at $1,334.58 per ounce at 2:06 p.m. EST (1906 GMT), on track for a weekly drop of 0.3 percent, after falling from Monday's four-month highs.
Let’s check out the Yahoo Finance charts of the day: IBM (IBM): Shares are dropping in midday trading, by about 4%. IBM did report an earnings beat and its first revenue jump in 23 quarters, but it’s full-year profit guidance missed the mark. Square (
Comcast Corp. CMCSA plans to strengthen the services it offers to small and mid-sized businesses (SMBs) leveraging on its wireless network. The largest cable MSO (multi service operator) is rolling out a new product -- Connection Pro -- which will enable SMBs to keep their businesses running in case of a power failure or loss of web connectivity. Connection Pro will enable Comcast’s business customers to automatically receive a 4G LTE cellular connection if there's a network or Internet disruption.
Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. The Ripple protocol (token represented as XRP) is meant to enable the near instant and direct transfer of money between two parties.
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
Fourth-quarter earnings season is finally underway, and investors are already getting excited about the upcoming reports from market-moving tech companies like Netflix NFLX. In the coming weeks, we will see reports from the world’s biggest and most relevant companies, meaning that investors need to be prepared for the ensuing movement that is likely to occur throughout the market. According to the latest report from Sheraz Mian, the head of the Zacks Equity Research department and an acknowledged earnings expert, earnings growth is expected to be positive for 13 of the 16 Zacks sectors—and growth rates are projected to hit the double digits for our Energy, Technology, Construction, Industrial Products, Basic Materials, and Automotive groups.
Stocks (^DJI, ^GSPC, ^IXIC) are mixed, with the major indices struggling to recover yesterday’s losses. The consumer staples (XLP) and consumer discretionary (XLY) sectors are most in the green, and the energy (XLE) sector is most in the red, weighed