• Mark Cuban: Why you should buy a two-year supply of toothpaste
    CNBC.comyesterday

    Mark Cuban: Why you should buy a two-year supply of toothpaste

    When it comes to saving big, small changes are a good start. "If you try to downsize your house, get rid of all yours cars and make all of these drastic changes, it's so overwhelming and you're not going to do any of it," says self-made millionaire Chris Reining, who banked over half his income to retire at age 37. "The small changes will lead you to be able to make the big changes." You could start by saving on toothpaste, for instance. Why Mark Cuban and other famous people don't use credit cards    10:18 AM ET Fri, 26 May 2017 | 00:58 In a recent interview with Vanity Fair, billionaire Mark Cuban shared exactly how to do that: Buy in bulk and on sale. "It's so hard to make a return on regular

  • Billionaire Ken Fisher Reveals the Stocks to Own in This Bull Market
    The Streetyesterday

    Billionaire Ken Fisher Reveals the Stocks to Own in This Bull Market

    Given where we are in the bull market, investors should own certain types of stocks according to billionaire Ken Fisher, founder and executive chairman of Fisher Investments. "When we're in the latter third of a bull market, you want to own big, well-known names and overwhelmingly in tech, healthcare, consumer staples, but not consumer discretionary -- telecom and also financials." For financials, Fisher prefers foreign financials over U.S. financials. "The U.S. banks are impacted by a flattening yield curve to the extent that the Fed raises short-term rates - which doesn't apply to foreign banks," he said. "Foreign banks' loan structure is markedly different than American banks' loan structure."

  • Warren Buffett's advice for CEOs touches on a key issue plaguing the US economy
    Business Insideryesterday

    Warren Buffett's advice for CEOs touches on a key issue plaguing the US economy

    Warren Buffett generally likes to take a hands-off approach when it come to investing in companies, but he has some advice for CEOs on how to run a business better. Warren Buffett, generally speaking, likes to take the hands-off approach with companies he and Berkshire Hathaway invest in.

  • Why 2018's Social Security COLA May Really Be Just $1
    The Streetyesterday

    Why 2018's Social Security COLA May Really Be Just $1

    More than 66 million Americans will see a 2% increase in their monthly Social Security and Supplemental Security Income (SSI) benefits in 2018. But many will see their take-home pay stay about the same as it was in 2017. In dollars and cents, the average retired worker's monthly benefit will rise $27 to $1,404 in 2018 from $1,377 in 2017. But depending on what happens with Medicare premiums, many people could see little or nothing of that 2% COLA, said Elaine Floyd, director of retirement and life planning at Horsesmouth. By way of background, the SSA deducts the Medicare Part B premium, which helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled

  • Sorry Thomas Edison, It Could Be Lights Out for GE's Consumer Lighting Division
    The Street2 days ago

    Sorry Thomas Edison, It Could Be Lights Out for GE's Consumer Lighting Division

    After reporting lower than expected quarterly profits and slashing its earnings outlook for 2017, General Electric's (GE) light bulb might be starting to burn out. After over 100 years of lighting darkened doorsteps, GE's consumer lighting division will likely be among the first of the $20 billion in assets that are sold or spun off as CEO John Flannery works to consolidate the aging company. GE formally put its consumer lighting division up for sale in June.  In a recent earnings call with investors, Flannery said "everything is on the table, and there have been no sacred cows." "Each GE business is being measured against a set of rigorous strategic and financial objectives," Flannery said.

  • ADP CEO on proxy battle: 'It's really about growing the top line'
    Yahoo Finance23 hours ago

    ADP CEO on proxy battle: 'It's really about growing the top line'

    Hedge fund manager Bill Ackman’s proxy fight against the largest payroll processor in the world, Automatic Data Processing (ADP), has challenged the company to answer criticisms about its operational performance and particularly inflated costs. ADP CEO Carlos Rodriguez told Yahoo Finance that the battle has focused a lot of talk on cost cutting when it should be about growing the top line. ADP’s margins stand significantly below its closest peer, Paychex (PAYX), but Rodriguez emphasized it’s not an apples-to-apples comparison.

  • Fed's Mester calls for balance on bank regulation rethink
    Reuters2 days ago

    Fed's Mester calls for balance on bank regulation rethink

    Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation across borders, and to aim for simplicity but not over-simplification. Nodding to such concerns, Mester told an audience at Columbia University that banking regulators need a framework that allows them to reduce the burden on small banks while maintaining higher standards for systemically risky banks.

  • Just keep buying? 7 trades
    CNBC Videos2 days ago

    Just keep buying? 7 trades

    The Fast Money traders discuss the Dow, S&P and Nasdaq all hitting fresh records. The S&P 500 adding nearly $4 trillion in market cap since the election. Stocks are at all-time highs and America is getting rich.

  • China ETFs in Focus as GDP Growth Slows
    Zacks2 days ago

    China ETFs in Focus as GDP Growth Slows

    China’s National Bureau of Statistics said that the country’s GDP grew 6.8% year over year in the third quarter compared with 6.9% in the second quarter. However, GDP growth came in line with market expectations. Moreover, the GDP grew 1.7% sequentially

  • Facebook to Build Subscription Platform via Instant Articles
    Zacks2 days ago

    Facebook to Build Subscription Platform via Instant Articles

    Facebook Inc. FB recently announced that in the coming weeks the company will experiment with “news subscription models in Instant Articles” that will enable news publishers to add subscribers to their platforms. For the test, Facebook has partnered with 10 U.S. and Europe-based publishers. Per the blog post, the trial will provide publishers with two options – metered model and freemium model – to choose from.

  • Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss
    Zacks2 days ago

    Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss

    Oilfield service giant Schlumberger Limited’s SLB third-quarter 2017 earnings of 42 cents per share (excluding charges and credits) were in line with the Zacks Consensus Estimate. The bottom line improved from the year-earlier adjusted figure of 25 cents

  • TheStreet.comyesterday

    Facts of Black Monday 1987, the Worst Single Day In Stock Market History

    The financial markets have changed a lot since Oct. 19, 1987, or Black Monday when the Dow crashed more than 500 points and for a brief period the world geared up for the next Great Depression. The assets traded, the technology and speed at which they

  • The market sentiment doesn't seem so euphoric if you look beneath the surface
    Yahoo Finance2 days ago

    The market sentiment doesn't seem so euphoric if you look beneath the surface

    2) The miserable person who tries to short and fade everything every day. You might think “who the heck is still shorting this market?” You’d be surprised! There are so many traders I talk to who continue to be obsessed with shorting. I have nothing against shorting, I just don’t believe in shorting in a bull market. Many of these traders wait anxiously for “end of the world” type headlines to cross the newswires and cheer for disasters.

  • MarketWatchyesterday

    3 reasons Express Scripts could be headed for trouble

    Pharmacy-benefit managers, the secretive, opaque middleman in the pharmaceutical supply chain, have never been more powerful. Express Scripts Holding Co. (ESRX) , the largest stand-alone PBM, is chief among those players. Health insurer Anthem Inc. (ANTM) is Express Scripts’ biggest client, and the two have had a 10-year PBM contract since 2009.

  • California judge tosses $417 million talc cancer verdict against J&J
    Reuters2 days ago

    California judge tosses $417 million talc cancer verdict against J&J

    The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family members who accuse J&J of not adequately warning consumers about the cancer risks of its talc-based products. The decision followed a jury's decision in August to hit J&J with the largest verdict to date in the litigation, awarding California resident Eva Echeverria $70 million in compensatory damages and $347 million in punitive damages.

  • As major retail stocks rebound, could this be the beginni...
    CNBC Videos2 days ago

    As major retail stocks rebound, could this be the beginni...

    The “Fast Money” traders discuss the retail stocks soaring and whether a resurgence is overdue.

  • Roche (RHHBY) Reports Sales Numbers for First 9 Months
    Zacks2 days ago

    Roche (RHHBY) Reports Sales Numbers for First 9 Months

    Roche Holding AG's RHHBY reported sales of CHF39.4 billion in the first nine months of 2017, up 5% from the year-ago period. Sales at the Pharmaceuticals division increased 5% driven by strong growth in Tecentriq, Ocrevus, Alecensa and Perjeta which was partially offset by lower sales of Tarceva, Tamiflu and Avastin. Diagnostics division sales climbed 5% primarily on the back of strong immunodiagnostic business.

  • Jack Bogle, Peter Schiff, Jim Cramer & Dave Callaway Share Black Monday Memories
    The Streetyesterday

    Jack Bogle, Peter Schiff, Jim Cramer & Dave Callaway Share Black Monday Memories

    We asked folks what it was like to live through the Black Monday Crash. 30 years later their stories shed light on a frightening moment for the markets and investors around the world. Jim Cramer spoke about hearing about warning signs and moving his clients into cash. While they were largely unscathed, Cramer recalled the what is now known as Terrible Tuesday and no one knew the value of their portfolios. Peter Schiff spoke about writing a letter to then Fed Chairman Allen Greenspan, who wrote back.  TheStreet Inc.'s (TST) CEO Dave Callaway recalled being a cub reporter in Boston and understanding the enormity of the day. Jack Bogle, founder of The Vanguard Group, told TheStreet's Anders Keitz

  • U.S. tax plan hopes lift global stocks, dollar strengthens
    Reuters2 days ago

    U.S. tax plan hopes lift global stocks, dollar strengthens

    World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. U.S. Republican Senator Rand Paul appeared to back the administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts, even as the Senate passed a key budget measure without his support one day earlier. "It's just a reaction to the thought that just maybe there might be something coming from Congress in the way of tax reform," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • The IRS increased 401k contribution limits by $500—here's what that means for you
    CNBC.com2 days ago

    The IRS increased 401k contribution limits by $500—here's what that means for you

    On Thursday, the IRS announced that 401(k) contribution limits will increase by $500. In 2018, employees who participate in the employer sponsored plan will be able to contribute as much as $18,500 per year, up from $18,000. Contribution limits were last increased in 2015 when they went from $17,500 to $18,000. Doesn't sound like a big deal? It is. That extra $500 could help you more than you may think. As personal finance site NerdWallet points out, it could mean up to $70,000 more in your retirement account. The definitive guide to retirement savings plans    10:50 AM ET Wed, 9 Aug 2017 | 01:51 The site calculated how much bigger your retirement fund would get if you started investing an additional

  • It's Worth Tuning In to Verizon
    Bloomberg2 days ago

    It's Worth Tuning In to Verizon

    No matter what Verizon Communications Inc. does, the only response it seems to elicit is more yawns. But investors might want to pay better attention. This week, the carrier kicked off the industry's earnings season with another solid quarter of results, including the addition of 603,000 retail wireless customers. That brings Verizon's total to above 115 million, likely extending its lead over AT&T Inc., T-Mobile US Inc. and Sprint Corp., which will release their own figures in the coming weeks. Sure, Verizon had to cave and offer competitive unlimited-data packages to be able to bring in so many new customers. But it helps being the best and most profitable network -- it means Verizon can afford

  • Real Moneyyesterday

    These Stocks Are Set to Rally as Dow Puts Its Target on 30,000

    Might as well go ahead and start getting the hats made now -- the Dow Jones Industrial Average has its sights set on 30,000. At this point, that's more a question of "when" than "if". At the start of this year, the Dow pushed past 20,000 for the first time in history. And this month, the Dow has just definitively blown past 23,000. Before we get any further, let's be clear about one thing: there's no particular significance to the 30,000 number versus Dow 29,999. While there are some psychological effects around eclipsing a big round number for the broad market indices, hitting Dow 30k is all about the fact that we're in the midst of a rip-roaring equity rally that's not showing any signs of

  • Associated Press2 days ago

    PayPal and Skechers jump while Celgene tumbles

    NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday: Celgene Corp., down $14.63 to $121.33 The drugmaker ended late-stage testing of a potential treatment for Crohn's disease

  • Iraq increases oil exports from south to make up for Kirkuk shortfall
    Reuters22 hours ago

    Iraq increases oil exports from south to make up for Kirkuk shortfall

    Iraq said on Saturday it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields. The output from Kirkuk fell this week when Iraqi forces took back control of oilfields from Kurdish fighters who had been there since 2014.

  • 3 ETFs to Tap Upbeat Electronics Sales Forecast
    Zacks2 days ago

    3 ETFs to Tap Upbeat Electronics Sales Forecast

    The final quarter of the year is underway and all eyes must have turned toward retailers’ performance as the October-November period embraces the key holiday season. As loads of sales-boosting events like Halloween, Thanksgiving, Cyber Monday, Black Friday and Christmas fall in this quartile, the sector generally sees a sales boost (read: Build Your Portfolio With 4 ETFs in Q4). According to a report by Forrester, U.S. online holiday sales will surge 12% to $129 billion in 2017 from $115 billion last year while brick-and mortar holiday sales will likely nudge up 0.3% to $549 billion.