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
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
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.
(Note: The author of this fundamental analysis is a financial writer and portfolio manager.) The chip sector has been among the hottest groups in the stock market so far in 2018, with the iShares PHLX Semiconductor ETF (SOXX), a proxy for the industry, up by nearly 10 percent on the year. But the group has fallen on hard times recently, with the ETF down about 5 percent since March 12. But stocks such as Intel Corp. (INTC) and Applied Materials Inc. (AMAT) could be set to decline by a total of 11 percent or more from their intraday highs last week. Both stocks have had big runs along with the sector, with Applied Materials rising by nearly 17 percent, and Intel increasing by almost 11 percent
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.
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.
Stocks plunged Thursday after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world's largest economies would escalate. The planned sanctions include tariffs on $48 billion worth of Chinese imports as well as restrictions on Chinese investments.
Back in September, I predicted that Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) would make its way above $200. While it’s taken a little longer than I thought, shares of BABA stock are now in touching distance of the $200 mark which begs the question: Can it go even higher? My colleague Tim Biggam said he believes $200 is the top for Alibaba stock, and he may well be right.
The stock market’s strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. However, fresh volatility within the last two months has shifted the
Southwest Airlines shares tumbled after the company lowered its first-quarter estimates.
Shares of General Electric GE slumped more than 1.5% in morning trading Thursday, adding to the conglomerate’s recent losses amid a tariff scare that has seen investors ditch major U.S. industrials and importers. Today, you can download 7 Best Stocks for the Next 30 Days.
One of my favorite stocks — Universal Display Corporation (NASDAQ:OLED) — is getting crushed by the news that Apple Inc. (NASDAQ:AAPL) is developing its own MicroLED displays that will ultimately make their way into both the iPhone and Apple Watch, potentially rendering OLED displays so 1980s. InvestorPlacec.com’s James Brumley believes that Apple’s move to develop its own screens is not a reason to buy Apple stock if you don’t already own it. “It’s unlikely that Apple would choose to mass produce whatever it comes up with, if it even comes up with a MicroLED screen that’s functional and affordable.
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.
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.
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.
The stock market's tumble Thursday is leading to panic-like selling in NYSE stocks, according the Arms Index, which is a volume-weighted measure of market breadth used to gauge the intensity of buying and selling. The Arms, which tends to rise above 1.000 when the broader market falls, has climbed to 2.086 in afternoon trade. Many technicians view rises above 2.000 as exhibiting panic-like characteristics. The number of advancing stocks outnumbered decliners 2,119 to 765, a about 2.77 to 1, while volume in declining stocks outpaced advancing volume 394.70 million shares to 68.30 million shares, or about 5.78 to 1. Meanwhile, the Dow Jones Industrial Average DJIA, -2.10% tumbled 492 points, or
But Jefferies still reiterated its buy rating for Activision Blizzard shares.
Shares of Aqua America Inc. WTR have underperformed the Zacks Utility Water Supply industry in the last 12 months. The stock has returned 6.2% compared with the industry’s rally of 10.1 %. The company witnessed deterioration in 2018 estimates, which
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.
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.
Since Amazon.com, Inc. (NASDAQ:AMZN) announced it was buying Whole Foods on June 16, 2017, AMZN stock is up 62% through March 20. On a relative basis, Kroger shareholders have got to be kicking themselves for not getting on the Amazon bandwagon. If you’re still holding Kroger stock, the big question is whether management should be buying back its stock at distressed prices or putting it to use in some other fashion?
The House just passed a $1.3 trillion spending bill that protects employee tips. The U.S. House of Representatives passed a $1.3 trillion spending bill on Thursday, which includes a provision that prevents employers from taking any of their workers’ tips. It all began in December, when the U.S. Department of Labor submitted a rule that would rescind a regulation enacted during the Obama administration that required employers to distribute tips to their tipped employees.
Volatility has lingered in the equity markets since the beginning of February, as a deluge of negative headlines worry investors. Alibaba Group (NYSE:BABA) corrected almost 20%, but within a month Alibaba stock had recovered most of it. The elevated level of the CBOE Volatility Index (INDEXCBOE:VIX) bring about opportunities to sell downside risk into fear.
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.
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.