• Mark Cuban explains how to make a 16% guaranteed return
    MarketWatch

    Mark Cuban explains how to make a 16% guaranteed return

    As Mark Cuban, the “Shark Tank” star, billionaire entrepreneur, and NBA franchise owner explains, just pay off your debts. The personal finance site NerdWallet put our revolving credit card balance at $420.22 billion in late 2018. The revolving number is just the credit card debt we carry from month to month.

  • These 16 money wasters are why so many Americans can’t save for retirement
    MarketWatch

    These 16 money wasters are why so many Americans can’t save for retirement

    From the lofty perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. We've all heard the reports: Most Americans live paycheck to paycheck, a large number can't come up with $400 for an emergency, and there's no money to save for retirement and other goals. Most of that data comes from surveys where people are, in effect, saying they don't have enough income.

  • I built a nest egg of $1 million and I’m only 46 — so why do I still spend my waking hours worrying?
    MarketWatch

    I built a nest egg of $1 million and I’m only 46 — so why do I still spend my waking hours worrying?

    We have over $1 million in investments for ourselves, an additional $50,000 in investments for our two girls to be used for college. We have made investing mistakes, but we have learned from them. All told, we currently have over $1 million in investments for ourselves, an additional $50,000 in investments (529s and a Scottrade custodial account) for our two girls to be used for college, with our only debt being the final few years of our mortgage.

  • Senior rip-offs are soaring—and you won’t believe who the crooks are
    MarketWatch

    Senior rip-offs are soaring—and you won’t believe who the crooks are

    For financial scammers, that means 10,000 potential new victims every 24 hours. While anyone, anywhere, at anytime can be a victim of a financial scam—and below are some of the most common ones—seniors are particularly at risk. “Older Americans are more vulnerable for many reasons,” says Joe Snyder of the National Adult Protective Services Association (NAPSA), a Washington, D.C.-based nonprofit that works with the financial industry, seniors groups and others to reduce rip-offs.

  • USA TODAY

    Recession watch: 6 financial moves to make when the economy slows down

    INCREASE YOUR EMERGENCY FUND If the economy does take a dip, it's a good idea to make sure you've socked away as much as you can for a rainy day. "I think the greatest fear when the economy slows down or goes into a recession is that income will be impacted, either hours cut back or worst case, (your) being laid off," says Kenneth Perine, a certified financial planner with Meritage Wealth Advisory in Livermore, California. "It's times like these that having an emergency fund in place really pays off.

  • Coal-Loving Australia Is World's 3rd Biggest Emissions Exporter
    Bloomberg

    Coal-Loving Australia Is World's 3rd Biggest Emissions Exporter

    Australia's booming coal industry has made it the world's third-biggest exporter of potential carbon dioxide emissions locked in fossil fuels, placing it only behind oil giants Russia and Saudi Arabia. Australia makes up 7% of all global fossil fuel exports by carbon dioxide potential, as it accounts for almost one-third of the world coal trade, according to a report Monday from The Australia Institute, which has been critical of the federal government's efforts to combat global climate change. While China and the U.S. are the world's top greenhouse gas emitters in absolute terms, the report highlights the role relatively smaller polluters play in selling fossil fuels to other nations.

  • Even This Feared Short-Seller Doesn't Buy GE Accounting Fraud Claims
    Investor's Business Daily

    Even This Feared Short-Seller Doesn't Buy GE Accounting Fraud Claims

    General Electric CEO Larry Culp voted with his wallet, buying GE stock for the second time this week as shares plunged on accounting fraud accusations. GE stock rallied Friday after Thursday's plunge, as short-seller Citron Research revealed it bought the dip too and Wall Street sprang to the industrial giant's defense. Citron Research on Friday slammed accounting expert Harry Markopolos' report accusing GE of a decades-long accounting fraud.

  • The new math of saving for retirement may boil down to this one, absurdly simple rule
    MarketWatch

    The new math of saving for retirement may boil down to this one, absurdly simple rule

    There's research that can help — from institutions that don't have a conflict of interest because they don't invest or give advice. My favorite is the Employee Benefits Research Institute in Washington, D.C. EBRI, as it's called, gathered anonymous information on tens of millions of people and how they actually save. It won't tell people what to do, but from its research there's a pretty useful rule of thumb for young people: Count on your fingers and … Save 10% — now Between you and your employer, set aside at least 10% of your paycheck.

  • Barrons.com

    Wall Street Has Abandoned Oil and Gas Stocks. You Shouldn’t.

    Given long-term demand uncertainties facing the industry, energy companies of all sizes should be paying out dividends that are at least as good as the nearly 2% yield on the S&P 500, he says. Still, it is hard to find big fans of energy stocks, even among investors focused on the sector. That's understandable, given that energy is by far the worst-performing group in the S&P 500 over the past decade, with an annualized return of 4.4%, against 14% for the index.

  • Here’s the game plan for U.S. stock investors if China retaliates against Trump
    MarketWatch

    Here’s the game plan for U.S. stock investors if China retaliates against Trump

    In the past, China has shown extraordinary restraint in response to U.S. tariffs and President Trump's critical tweets. Let us discuss your game plan if China retaliates, starting with the help of two charts. Please click here for an annotated chart S&P 500 ETF (SPY) Even though the Dow Jones Industrial Average (DJIA) is the most popular index, for analysis purposes, investors ought to focus on S&P 500 because the most money is tied to the S&P 500 Index (SPX) of the largest U.S. companies.

  • Copy insiders and buy these stocks — because they see no recession looming
    MarketWatch

    Copy insiders and buy these stocks — because they see no recession looming

    I recently told subscribers of my stock letter Brush Up on Stocks to get more bullish on stocks because of robust insider buying in cyclical sectors like tech, banks, industrials, chemicals, airlines, autos, hotels, energy, mining, and brokerage and investment companies. Insiders would definitely not be doing this if — like Gundlach — they saw a recession on the way. Instead, they'd be on a buyer's strike, or at best they'd favor utilities or consumer non-discretionary companies.

  • Hedge Fund Legend Jim Simons Pours Money Into Aurora Cannabis (ACB) and Aphria (APHA) Stocks
    TipRanks

    Hedge Fund Legend Jim Simons Pours Money Into Aurora Cannabis (ACB) and Aphria (APHA) Stocks

    In the last two quarters, billionaire, hedge fund manager, and mathematical genius Jim Simons has moved decisively into the cannabis sector, taking large positions in both Aurora Cannabis (ACB) and Aphria (APHA). Simons, known for his work in higher mathematics and military cryptography, founded the Renaissance Technologies hedge fund in 1982. The firm was a pioneer in quantitative trading, the application of higher mathematics to the financial markets, and has developed a reputation as one of the best returning hedge funds in the business.

  • Price Targets Raised On Alibaba Stock After Quarterly Earnings Blowout
    Investor's Business Daily

    Price Targets Raised On Alibaba Stock After Quarterly Earnings Blowout

    Alibaba stock jumped Friday as the China e-commerce giant received several price-target hikes following the Alibaba earnings report that smashed estimates. China's largest technology company easily beat quarterly estimates despite a trade war and as China's economic growth, including retail sales, has slowed sharply over the past year. Alibaba reported results Thursday.

  • MarketWatch

    This 31-year-old sold $700,000 of stuff online without buying any inventory and the one silver lining for the real-estate market in July

    My husband and I paid off $193,000 in debt — but we are still saving and have no life 'We don't have children, we don't travel, we don't see or experience many new things, and we don't have much of a social circle at all. of towns qualifying for the Little League World Series reveal an uncomfortable truth about organized sport The Little League World Series, which starts Thursday, celebrates Americana and youthful athletic glory. How one man spent $745 on flights to four continents — flying business and first class all the way He traveled across the Middle East, Australia, Southeast Asia and Europe.

  • China could unload US Treasuries — but here's why they (probably) won't
    Yahoo Finance

    China could unload US Treasuries — but here's why they (probably) won't

    Long term government bond yields have been transmitting a potentially recessionary signal that's shaken investor confidence and reverberated across worldwide markets. As investors fret over the weakening global economy, plunging bond yields may dissuade Beijing from potentially exercising what some fear could be a weapon in its trade dispute with the U.S.: Selling Treasuries (TNX). The historic lows in long-term interest rates, and the resulting inversion of the yield curve, suggests that China would be fighting what's currently the market's most powerful trend.

  • Here’s what smart rich people really do with their nest egg
    MarketWatch

    Here’s what smart rich people really do with their nest egg

    Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.

  • Negative Mortgages Set Another Milestone in a No-Rate World
    Bloomberg

    Negative Mortgages Set Another Milestone in a No-Rate World

    Nordea Bank Abp, meanwhile, is offering 30-year mortgages at annual interest of just 0.5%. Years of easing by central banks hacked away at interest rates around the world, distorting the traditional economics of lending and borrowing. This is most pronounced in Europe, where a composite home-loan rate across the euro area fell to 1.65% in June, the lowest since records began in 2000.

  • How is cost basis calculated on an inherited asset?
    Investopedia

    How is cost basis calculated on an inherited asset?

    When used to calculate capital gains on assets you own, cost basis represents the original value of an asset for tax purposes, with a few adjustments. With assets you inherit, the cost basis is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made. Fair market value is the price that a property or asset would command in the marketplace, given that there are buyers and sellers knowledgeable about the asset and that a reasonable period of time is made available for the transaction to take place.

  • Barrons.com

    The No. 1 Job in America with the ‘Best Career Opportunities’ Pays $112,000 a Year — and It’s Not in Tech

    As unemployment hovers a 49-year low, there are more professions to choose from that will give people the one thing that gets them out of bed in the morning: a meaningful job with the possibility of advancement. Access to career momentum opportunities in the workplace is one of the strongest predictors of employee satisfaction based on millions of reviews left on Glassdoor, in addition to culture and values and quality senior leadership, according to a study released Wednesday by the company. The report used the following criteria: a median base salary over the past year of $80,000 a year or higher, well above the June 2019 U.S. median annual pay of $53,411, and at least 2,000 job openings as of July 5 on Glassdoor.

  • Benzinga

    Barron's Picks And Pans: American Eagle Outfitters, Chevron, Grocery Outlet And More

    The cover story in this weekend's Barron's offers stock picks for an energy sector rebound. Other featured articles discuss how the trade war is hitting tech's bottom line and why banks are not an alternative to utilities. Also, the prospects for an apparel retailer, a discount grocer, a genetic testing company and more.

  • 9 ways California’s new retirement plan changes the retirement savings landscape
    MarketWatch

    9 ways California’s new retirement plan changes the retirement savings landscape

    On July 1, private sector employers in California gained access to an innovative new program that enables them to facilitate retirement savings for their employees. In a state where half of all private sector workers do not have a retirement savings account or participate in a pension, CalSavers stands to make a significant difference in the lives of everyday workers. Workers are automatically enrolled in individual retirement accounts (IRAs) with a default savings rate of 5% of their paychecks.

  • Door-to-door thieves are using DNA tests to scam you
    USA TODAY

    Door-to-door thieves are using DNA tests to scam you

    She did hand over a Medicare card, which fortunately was a new card that did not have her Social Security number on it. Even so, her card still has important information that can be used by thieves. New tax tool: This offers a new way to estimate next year's tax refund Wrong Social Security estimates: What you need to know Hot new scam involves 'genetic testing' kits This summer, both the Federal Trade Commission and the U.S. Department of Health and Human Services issued fraud alerts about crooks targeting Medicare beneficiaries.

  • Barrons.com

    Baidu Reports Earnings Tomorrow. Here’s What to Expect.

    Shares in China's online-search giant (K3SD) have lost almost 40% of their value since the beginning of the year, as the weakening Chinese economy has dented companies' spending on advertising and dragged on Baidu's revenue. Baidu (ticker: BIDU) is expected to report its second-quarter earnings on Monday after the market close. Here are a few things to know before the earnings report: Baidu has been under pressure this year and posted its first net loss last quarter since going public in 2005.

  • Saudi Arabia Makes a Promise That It Just Can’t Keep
    Bloomberg

    Saudi Arabia Makes a Promise That It Just Can’t Keep

    Saudi Arabia isn't as willing to do whatever it takes to support oil prices as it would have us believe. That's the only conclusion one can draw from what we've learnt since a government official said the kingdom wouldn't tolerate a continued price slide. After crude fell to a seven-month low earlier this month, Saudi Arabia got on the phone to other members of the OPEC+ group of nations to discuss possible policy responses.

  • Cisco’s stock had its worst single-day drop in almost six years
    MarketWatch

    Cisco’s stock had its worst single-day drop in almost six years

    Cisco Systems Inc.'s weak revenue forecast for the current quarter weighed heavily on the networking giant's shares Thursday -- they plunged the most in one day in nearly six years -- and some analysts see further pain in store. Instinet analyst Jeffrey Kvaal thinks there could be “another shoe to drop” in the current fiscal year, which just began a few weeks back. While Cisco's (CSCO) management team “appeared unruffled by enterprise demand,” in Kvaal's view, he has numerous concerns about the spending environment.