• 40-year veteran of Wall Street with an knack for market timing calls a bottom in stocks
    CNBC2 days ago

    40-year veteran of Wall Street with an knack for market timing calls a bottom in stocks

    The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, Raymond James' Jeff Saut says. The U.S. economy is not going to slow as much as expected and earnings will be strong next quarter, he adds. The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, longtime strategist Jeff Saut told CNBC on Thursday.

  • TheStreet.com16 hours ago

    Insiders Are Buying Heavily as the Crowd Continues Selling

    Two of the major equity indices closed below their support levels Thursday keeping their near-term trends negative while another closed above its near-term downtrend line, turning its trend to neutral. The indices closed mixed Thursday with negative internals on the NYSE and NASDAQ but on lighter volume. Negative signals came from the Dow Transports and S&P MidCap 400, which broke below their support levels.

  • A few reasons California companies are making an exit for Texas
    American City Business Journals13 hours ago

    A few reasons California companies are making an exit for Texas

    One of the things that struck me was that the study’s author – for the first time in his career – urged California businesses to relocate out of state. “Of all of the research reports that I’ve issued over the years, this is the first time I’m openly recommending that companies relocate out of California," wrote Joseph Vranich, president of Pennsylvania-based Spectrum Location Solutions LLC. “Admittedly, that is a rather brazen statement for a business-analysis document, but it is well justified.

  • U.S.News & World Report13 hours ago

    Why You Should Sell Your Home in 2019

    And if your house is at the higher end of the price range in your market, you should expect less buyer interest than before. Ron notes the combination of rising mortgage rates and home prices exceeding buyers' budgets are what has caused the slowing of homebuyer activity in recent months. But with available housing inventory remaining low, even with rising interest rates, buyers who are ready to make a purchase will still shop for homes.

  • A 10% rally by year-end is still on the table, says Funds...
    CNBC Videos9 hours ago

    A 10% rally by year-end is still on the table, says Funds...

    Fundstrat's Tom Lee says investors should buy stocks hand over fist here. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Tim Seymour, Dan Nathan and Guy Adami.

  • TheStreet.com7 hours ago

    Jim Cramer: I Can't Tell You to Buy This Market

    Almost 50% of those polled believe stocks are going to go down. The last time we had such a reading it was a terrific buying opportunity but you didn't know that then any more than you might know now. I would love to tell you that you should buy the market because it is so hated.

  • U.S.News & World Reportyesterday

    Know These 6 Federal Tax Changes to Avoid a Surprise in 2019

    To avoid a nasty surprise, taxpayers should make a date with their financial planners or accountants before the end of the year to huddle about any last-minute strategies and review their most recent tax return. "The big change for individuals is with deductions," says Craig Richards, managing director and director of tax services at Fiduciary Trust Company International in New York. Although the standard deduction nearly doubled to $12,000 for single tax filers and $24,000 for married couples filing jointly, key deductions like state and local taxes and mortgage interest were capped at $10,000.

  • J&J shares nosedive on report it knew of asbestos in Baby Powder
    Reuters12 hours ago

    J&J shares nosedive on report it knew of asbestos in Baby Powder

    Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from the company's market capitalisation, with investors worrying about the impact of the report as it faces thousands of talc-related lawsuits. The stock was the biggest drag on the broader Dow Jones Industrial Average (.DJI) and S&P 500 (.SPX) indexes and was among the most traded on U.S. exchanges.

  • Fox Business13 hours ago

    Here’s your permission slip to become a millionaire

    Back in 1960, people retired around age 65(1) and had a life expectancy of 80,(2) so they only had to fund their retirement for about fifteen years. According to a recent Fidelity study, a 65-year-old couple retiring in 2018 would need $280,000 to cover their medical expenses during their retirement years.(6) Now, that amount doesn’t include long-term care, like living in a nursing home or home health care. Let me be crystal clear: Health care in retirement is expensive! That’s another reason you may need to hit the million-dollar mark.

  • Boeing is hiring an intern for its 797 New Mid-market Airplane
    American City Business Journals10 hours ago

    Boeing is hiring an intern for its 797 New Mid-market Airplane

    Boeing is offering a top young U.S. engineer a dream 2019 internship opportunity: A job working on its New Mid-maket Airplane (NMA) program, which some call the 797. The engineering students would start on Boeing's developmental NMA airplane program sometime between January and April next year. The intern would "engage early in our development cycle on the production system of the future" and "interact directly with our company leaders to discuss strategy and the future of Boeing." The job posting comes at a pivotal time for the new airplane program and also as aerospace companies in the Puget Sound region are grappling with a talent shortage.

  • Fox Businessyesterday

    Workers are 'ghosting' employers in booming US labor market: Report

    With the U.S. unemployment at its lowest level in decades, a growing portion of the workforce is opting to “ghost” their employers and leave their jobs without a word. “A number of contacts said that they had been ‘ghosted,’ a situation in which a worker stops coming to work without notice and then is impossible to contact,” the Federal Reserve of Chicago said in the December edition of the Beige Book, which tracks U.S. employment. The unemployment has held at 3.7 percent since September, marking the lowest level in roughly five decades.

  • U.S. Stock Market Exodus Is Second-Biggest Ever, BofA Says
    Bloomberg19 hours ago

    U.S. Stock Market Exodus Is Second-Biggest Ever, BofA Says

    U.S. stock funds bled $27.6 billion in the days through Dec. 12, which includes last Friday’s plunge in the S&P 500 Index that capped the worst week for the gauge since March, according to BofA’s note, which cited EPFR Global data. The turmoil in stocks, which has erased as much as $4 trillion in U.S. equities since the end of September, continued this month as traders feared that a global economic slowdown will curb earnings growth and end the equity bull run. Instead of U.S. equities, market players flocked to Japanese and emerging-market equity funds, in addition to government bonds as global equity funds saw a record weekly outflow of $39 billion, according to BofA.

  • These Are the Fastest Growing Jobs and Skills Gaps Nationwide
    Fortune2 days ago

    These Are the Fastest Growing Jobs and Skills Gaps Nationwide

    LinkedIn just published its U.S. Emerging Jobs Report for 2018, measuring the fastest growing jobs and skills nationwide. Banking off an economic boom, the takeaways from the professional social network’s latest report tout big numbers for wage growth matched by a strong job market. LinkedIn says the race to recruit highly-skilled talent is especially competitive going into 2019.

  • What we know so far about the $1B campus Apple is planning at Robinson Ranch
    American City Business Journalsyesterday

    What we know so far about the $1B campus Apple is planning at Robinson Ranch

    Like an Apple Inc. commercial, hundreds of employees crammed stairwells and against railings at the technology company’s North Austin office on Thursday to hear first-hand the news the company announced in the middle of the night. Austin is already home to the largest Apple (Nasdaq: AAPL) office outside Cupertino, Calif. This expansion will significantly increase the importance of the Texas capital to the global operations of the second most-valuable company in the world, with a market capitalization of $809.6 billion on Thursday afternoon. Site preparation will begin in 2019 on the new site, about a mile away from Apple existing campus at 5501 W. Parmer Lane, said Kristina Raspe, Apple's vice president of real estate.

  • U.S.News & World Report2 days ago

    7 Worthy Dividend Stocks Investors May Overlook

    Income investors seek reliable, not flashy. Many investors in the market for dividend stocks first peruse a fairly short list of popular companies, thinking that these big-name corporations are inherently more stable than their peers. What dividend investors should look for instead is a long history of consistent dividend payments and steady dividend increases -- even if the stock paying them isn't as flashy or well known.

  • If we lose China, we lose the bull market, says Again Cap...
    CNBC Videos10 hours ago

    If we lose China, we lose the bull market, says Again Cap...

    John Kilduff of Again Capital joins "Closing Bell" to discuss the slide in the energy sector led by oil stocks.

  • A Billionaire Vanished for 400 Days and His Empire Boomed
    Bloomberg2 days ago

    A Billionaire Vanished for 400 Days and His Empire Boomed

    Before long, rumors swirled: Was the billionaire Mohammed Al Amoudi even alive? Al Amoudi, is "still alive" and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified. What’s remarkable about his situation is that despite his prolonged detainment, a result of Crown Prince Mohammed bin Salman’s crackdown on graft in the Kingdom, the bulk of Al Amoudi’s global business empire has boomed.

  • What Is the Average CD Rate?
    SmartAsset12 hours ago

    What Is the Average CD Rate?

    This allows your money to grow undisturbed, and you usually get a higher rate in exchange for the decreased liquidity. But when shopping around for a CD, how do you know what rates to look for? According to the FDIC, the national average rate for a 12-month CD was 0.59% as of December 2018.

  • Ex-Porsche CEO Aims to Save Combustion Engine From Scrapheap
    Bloomberg2 days ago

    Ex-Porsche CEO Aims to Save Combustion Engine From Scrapheap

    Using pulsed microwaves to ignite fuel rather than spark plugs or glow plugs, the engineers behind MWI Micro Wave Ignition AG say they can cut consumption of gasoline and diesel by as much as 30 percent, and emissions by as much as 80 percent, because the fuel burns at a lower temperature. Among its shareholders is Wendelin Wiedeking, the former chief executive officer of Porsche AG credited with reviving the iconic German sports-car maker. MWI has mandated Macquarie Capital to look for a buyer and international partner that can help to promote the new system and increase MWI’s financial firepower, according to people familiar with the matter.

  • Saudi Arabia to Target U.S. With Sharp Oil Export Cut, Sources Say
    Bloombergyesterday

    Saudi Arabia to Target U.S. With Sharp Oil Export Cut, Sources Say

    American-based oil refiners have been told to expect much lower shipments from the kingdom in January than in recent months following the OPEC agreement to reduce production, according to people briefed on the plans of state oil company Saudi Aramco. Saudi crude shipments to the U.S. next month could even test the 30-year low set in late 2017 of 582,000 barrels a day, down about 40 percent from the most recent three-month average, the same people said, asking not to be named as the information isn’t public. Fluctuations in U.S. crude imports and stockpiles have an outsize impact on the market because data are available on a weekly basis.

  • Only one state stands in the way of $54B Cigna/Express Scripts deal
    American City Business Journals15 hours ago

    Only one state stands in the way of $54B Cigna/Express Scripts deal

    Only one state stands in the way of approving the $54 billion merger between Cigna and Express Scripts after government authorities in California and New York signed off on the deal Thursday. Both California's Department of Managed Health Care and New York's Department of Financial Services approved the deal and listed a set of conditions the companies agreed to. Conditions to the transaction in California Conditions to the transaction in New York Per the California approval, Cigna and Express Scripts agree to not increase premiums as a result of acquisition costs, and keep premium rate increases to a minimum.

  • 10 Easy Ways to Make Extra Money in Retirement, According to a Business Coach
    Money2 days ago

    10 Easy Ways to Make Extra Money in Retirement, According to a Business Coach

    Do you want to make additional income in retirement? First though, a word of caution: If you’re already collecting Social Security, the amount you earn from these side jobs can potentially affect how much of your benefits are taxed. If your individual combined income is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits, whereas if your income is more than $34,000, then up to 85% of your benefits may be taxable.

  • The Stock Market Is the Most Divorced It’s Been From the Economy Since 2010
    Bloomberg12 hours ago

    The Stock Market Is the Most Divorced It’s Been From the Economy Since 2010

    It’s getting harder to argue that the American economy’s showing signs of trouble, but judging by stocks, things don’t look so well. The divergence is getting to be historic. Data Friday showed retail sales excluding autos and gasoline grew by more than economists expected in November, prompting Scotiabank Economics to declare -- in all caps -- that “the U.S. consumer is alive and kicking.

  • Wall St. CEO calls out men afraid to be alone with a female colleague in the #MeToo era
    Yahoo Finance2 days ago

    Wall St. CEO calls out men afraid to be alone with a female colleague in the #MeToo era

    Long-time investment bank CEO Richard Handler, who’s led Jefferies (JEF) since 2001, called out men working on Wall Street who are afraid to be alone with a female colleague in the #MeToo era. “As calendar 2018 comes to a close, it’s not only the painful market volatility and collapsing asset values on our mind. The thing that vexes us is the thoughtless, paranoid and fundamentally wrong reaction that many people in our industry are expressing about the #MeToo movement and many other efforts to assure fairness and decency in the workplace,” Handler wrote in a firmwide memo.

  • TheStreet.com6 hours ago

    Bargains Are Being Created: Cramer's 'Mad Money' Recap (Friday 12/14/18)

    This has become a treacherous stock market, Jim Cramer cautioned his Mad Money viewers Friday. Cramer reminded viewers this bear market was created by Federal Reserve chair Jay Powell in early October, and only he has the ability to fix it by not hiking interest rates next week and instead looking at the data, which warrants a wait-and-see approach.