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
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
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.
The potential deal, which could be announced as soon as Monday, would value Bioverativ at about $105 a share, the Journal reported. The price represents a 64 percent premium to Bioverativ stock's close on Friday on the Nasdaq. Bioverativ, a hemophilia drug maker, was separated from Biogen Inc early last year.
Pavel Bains of Bluzelle is watching the changes in cryptocurrency prices to see the effect on business models using blockchain.
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.
Ready for the week ahead? Rest assured it will be pretty crazy right from the get-go Monday. Yes, the Government Is Still Closed It has been a circus-filled weekend when it comes to the nation's politics. Investors enter the week with a partial government shutdown in full effect. A vote is expected to end the shutdown today at 10:00 a.m. As of right now, the outlook on the government shutdown being lifted by the start of trading Monday is grim as both Democrats and Republicans exchanged major body blows over the weekend. Interestingly -- if not alarmingly -- we have not received one cautionary note on markets by the biggest Wall Street firms with the government shutdown headed to day three.
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,
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.
Inflation is what could jolt the markets this year. At least that’s what the tactical asset allocation team at DNB Asset Management is preparing for. “Inflation surprising on the upside is the biggest risk,” Torje Gundersen, portfolio manager, said in an interview in Oslo on Thursday. “2018 can be the year when stronger inflation surprises a lot of investors.” Global economic growth spurred the stock rally in 2017. But inflation expectations are likely to rise as the prolonged expansion eats into spare capacity and the U.S. cuts taxes. The yield on the U.S. 10-year Treasury note climbed in the past week to the highest levels since 2014. “The timing of the tax cuts are therefore wrong in our view,”
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
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
Democrats and Republicans, locked in a bitter dispute over immigration, failed to agree on a last-minute deal to fund government operations, causing a shutdown at midnight on Friday. Investors shrugged off the threat last week, saying they were not worried about a major pullback in shares if U.S. lawmakers failed to strike a deal. "These things have no near-term or midterm economic impact whatsoever," said Michael Purves, chief global strategist and head of derivatives strategy for Weeden & Co in New York.
Prospects for a winding back of central bank stimulus this year, along with a potential pick-up in global inflation, have boosted the risk of greater fluctuations in asset markets that have largely moved in tandem in recent years. Expensive financing -- or carry -- costs in many markets mean investors have to pay up for potential returns from price swings. Morgan Stanley analysts have mapped out several proposals, including using options to bet on higher oil prices and increased stress in the high-yield bond market.
French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases. Sanofi shares fell 3.4 percent by 0920 GMT, making the stock the worst performer on France's benchmark CAC-40 index and several analysts deemed the deal expensive. The move comes at a time of renewed interest by large drugmakers in smaller biotech firms and predictions by some experts that 2018 will see a substantial pick-up in mergers and acquisitions.
The equity rally that saw the S&P 500 Index cap its third straight weekly advance -- the best start since 1987 -- is being driven by two things: Upward earnings revisions and the crush of money flowing into stocks. Optimism that the advance fueled by Donald Trump’s presidency will keep going is high among institutions and mom-and-pop investors alike. A survey by the University of Michigan shows that a record 66 percent of Americans believe the stock market will climb in the next year.
After a year of political spectacle, it’s doubtful a government shutdown will be enough to divert investors from the economic and earnings tidings that have occupied Wall Street’s minds of late. “I’m not overly worried,” Jurrien Timmer, head of global macro at Fidelity Investments, said in a phone interview Wednesday. Unless the stalemate lingers, the impact may have a hard time rattling markets that have been focused on benefits from the recently passed tax overhaul, improving corporate profitability and synchronized global economic growth.
Global stocks were mixed on Monday as global investors mostly shrugged off the latest U.S. government shutdown. U.S. SHUTDOWN: A range of U.S. government services were suspended after lawmakers failed to agree on a new budget, but economists said the shutdown was unlikely to last long enough to cause much economic damage. ANALYST'S TAKE: "The much-anticipated shutdown of the U.S. government on Saturday did not trigger much of a knee-jerk reaction," said Margaret Yang of CMC Markets in a report.
World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year. U.S. Treasury yields, which fell during previous government shutdowns, rose as investors saw limited economic fallout from the standoff in the U.S. capital and instead focused on a global economy motoring ahead. U.S. stock futures were down marginally after Wall Street set record highs on Friday.
If you're fortunate enough to have access to them, there are a variety of employer savings plans that can offer multiple routes to saving for retirement. That’s fortunate because retirement security is an elusive goal for many Americans. According to the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey, 39% of American workers are not too or not at all confident about their ability to save enough for their later years. Having access to an employer’s plan at work can help to strengthen your financial outlook for the long term. Depending on your employer, those options may include a 401(k), a 403(b), a 457 plan, a savings incentive match plan for employees (SIMPLE IRA) or
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.