Dear 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 $200,000 to recast our mortgage — reduce the outstanding sum without altering the original terms — or invest the money? Our interest rate is low at 3.5%. We were able to make a 20% down payment, but our remaining balance is still over $1 million. I decided to sell the town house I purchased years ago, and was able to come up with an additional $400,000. We decided to pay off all of our remaining debt — $25,000 for a car and $15,000 for a student loan — make some home improvements to our bathroom and install solar electricity. We also
Dear 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 age. At the same time, we found out I was pregnant with our first child. He explained that there was some controversy about his date of birth as he was born at home in the Philippines. There was a fire and he lost his parents at a very young age. I found it hard to believe at that time, but we have a good relationship and — other than that — things were okay. Moreover, we were expecting our first child, so I let it go. I have very little financial education and have always trusted him to handle our finances while I worked hard. We have three kids together,
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,
Gilead Sciences’ GILD subsidiary Kite announced that it has entered into a collaboration with Pfizer, Inc. PFE to evaluate a combination of its newly approved CAR-T therapy Yescarta (axicabtagene ciloleucel) and Pfizer's utomilumab, a 4-1BB agonist, for
Delta Air Lines is adopting stricter regulations for people who travel with service animals or emotional-support animals. The airline says the new rules are in response to a rise in safety incidents involving untrained or improperly trained animals. The stricter standards are designed to prevent people from using the airline's allowance of emotional-support animals to let their pets fly for free.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Friday's trending topics including the potential government shutdown and IBM's (IBM) and American Express' (AXP) latest earnings. Cramer also comments on the stocks of Square (SQ) , Visa (V) and MasterCard (MA) . Watch all of Jim Cramer's full NYSE live shows right here:
Insufficient investment, payment delays to suppliers, and the sanctions imposed by the administration of U.S. President Donald Trump have hammered Venezuela's oil industry and saw crude oil production fall 13 percent in 2017. On Friday, Schlumberger disclosed a $938 million write-down on its Venezuelan assets and receivables, citing political and economic woes affecting the country. Schlumberger and other suppliers accepted promissory notes or reclassified Venezuelan receivables in recent years as a way to manage debts from PDVSA [PDVSA.UL].
AU Optronics Corp.: "OK, if you're new – and you don't want to buy a Taiwanese company to start – [and] you want to buy in that area, you want to buy Cisco. [CEO] Chuck Robbins is redoing everything. Get in Cisco before the quarter." Mondelez Intl: "I think the stock is inexpensive and the group is starting to get a couple bids underneath. I think that you could do far worse than buying Mondelez." Mitsubishi Financial Group: "You know what, you actually should [add Mitsubishi to your portfolio]. I've been working on Japan and that is a great way to play Japan. I'm going to endorse that." JetBlue: "JetBlue is OK. I'm actually talking about Southwest. My charitable trust should not have sold it.
General Motors avoided a potential $1 billion-plus stock payout to address claims stemming from the auto giant’s ignition-switch crisis after a judge found a settlement between plaintiffs and a trust for the company’s bankruptcy estate unenforceable.
Jim Cramer said an overload of buyers in the stock market is resulting in dramatically rising stock prices.
The traditional three-legged retirement stool -- consisting of pensions, personal savings and Social Security benefits -- is looking wobblier than ever. Defined benefit pension plans, which have been disappearing for some time, are now on the verge of extinction. Just 8 percent of private employers offered pension plans in 2017, according to the U.S. Bureau of Labor Statistics.
Service animals are meant to comfort their owners. In light of increased incidents on its aircrafts, Delta Air Lines announced new procedures and updated requirements for customers traveling with service and support animals. The company believes that some travelers have been trying (and succeeding in) to board flights pets under the guise of support animals.
The “Fast Money Halftime Report” traders discuss the volatile week for stocks with Tom Lee, Fundstrat, and Mike Wilson, Morgan Stanley.
The Chinese government has been tough on bitcoin — it banned initial coin offerings (ICOs) and shut down local bitcoin exchanges last September, and now it’s looking into cracking down on local bitcoin mining pools. Despite all this, investors in China are still finding ways to join the cryptocurrency craze. Chinese buyers are turning to over-the-counter (OTC) trading platforms like Huobi, OKEx and OTCBTC, networks that link individual buyers to sellers.
Nike Inc (NYSE: NKE) stock has been on a tear the past three months as investors now believe they see the light at the end of the tunnel in the slumping North American athletic apparel market. Wedbush has upgraded NKE stock and says that light may be even closer than investors realize. According to Wedbush analyst Christopher Svezia, the pricing pressures on Nike's footwear products in the North American market could start to ease in the next couple of quarters.
As part of its defence against Broadcom, Qualcomm has argued that any deal faces a long antitrust review. Broadcom said that it had anticipated the second request as a normal part of the regulatory approval process.
Accenture Plc ACN recently unveiled its innovation hub in Tokyo’s Minato Ward. As described by Accenture, its clients “will work side-by-side” with the company’s professionals “to ideate, rapidly prototype and launch solutions” at this innovation hub,
A new app from a nonprofit organization puts identity theft answers and aid at your fingertips. The ID Theft Help app was announced this week by the nonprofit Identity Theft Resource Center (ITRC). Contact and speak with an identity theft specialist, either via ITRC’s free hotline or live chat online.
NEW YORK/LONDON (Reuters) - Gold prices rose slightly on Friday as the U.S. dollar hovered near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks. The U.S. dollar fell versus a basket of currencies as the U.S. Senate raced to avert a government shutdown on Friday ahead of a midnight deadline with no agreement on funding in sight. Spot gold was up 0.5 percent at $1,334.58 per ounce at 2:06 p.m. EST (1906 GMT), on track for a weekly drop of 0.3 percent, after falling from Monday's four-month highs.
By Rupam Jain and Manoj Kumar NEW DELHI (Reuters) - India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said. Tech-savvy young investors, real estate players and jewelers are among those invested in bitcoin and other virtual currencies, tax officials told Reuters after gathering data from nine exchanges in Mumbai, Delhi, Bengaluru and Pune. The Indian government has issued repeated warnings against digital currency investments, saying these were like "Ponzi schemes" that offer unusually high returns to early investors.
After Republicans, who control both the House and Senate, were unable to pass a spending bill by midnight Friday, the US government has entered a partial shutdown, with all nonessential services going into a freeze. Historical data suggests that a big market move shaking stocks is unlikely, but a shutdown would still be concerning to investors. "Although a government shutdown sounds scary, the reality is it has been a non-event historically for equities,” Ryan Detrick, a senior market strategist at LPL Financial, said in an email.
Amazon.com Inc raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon's dominant online shopping platform. The move also follows a rise in fees by video streaming rival Netflix Inc in October.
Thanks to the new tax law there are new lower tax rates - that means there also need to be different withholding rates -- and THAT could that your paycheck is going to change. But give us 60 seconds and you'll tell you why you shouldn't get too excited yet. The withholding tables tell your employer how much to withhold from your paycheck each pay period so that you pay in enough tax throughout the year. Come February, many of you will have less money withheld and watch your paychecks go up. Or not. So watch our video to see if you are one of the lucky ones. (Fingers crossed for your sake.)
, the biggest U.S. bank, will pay CEO Jamie Dimon $29.5 million for 2017, a 5.3% raise, according to a regulatory filing. Last year's compensation included a salary of $1.5 million along with a $28 million of "performance shares" linked to profitability goals, the company said. JPMorgan said last week that net income fell 1% to $24.4 billion, as revenue climbed 4%.
One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings in a regulatory filing on Thursday. A large portion of the stake is held by a foundation and trusts in his family’s name, and his wife also owns some of the shares. Jain directly controls about $22 million of the stock. The disclosure offers a glimpse into the finances of one of Berkshire’s most important executives. Jain, 66, joined the Omaha, Nebraska-based conglomerate three decades ago and led a push into the reinsurance industry. Eventually