At just 27 years old, the blogger behind the Money Wizard — who goes by the pen name Sean online — has banked more than $181,000. "Probably what's most driving me [to retire early] — I just want freedom," he told Business Insider. Ultimately, Sean's philosophy for building wealth is based on calculating the value of his time, in dollars.
Warren Buffett's top lieutenant, Charlie Munger, told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy. "Al Gore has come into you fellas business. Hedge fund manager Whitney Tilson in one of his email newsletters pointed to the YouTube videos of Munger's informal question-and-answer session held after the Journal meeting, and other investors have confirmed the subject matter of the talk.
Aircraft giant The Boeing Company BA has entered into an agreement for 125 737 MAX 8 airplanes. The contract, which is valued at $14 billion at list prices, has been signed with an unidentified major airline customer at the 2017 Paris Air Show. If finalized, this agreement will be reflected on the Boeing orders and deliveries website.
Ivanka Trump must testify in a dispute with an Italian shoemaker over one of her company's shoe designs, a judge said Friday. U.S. District Judge Katherine Forrest rejected a request by the senior White House aide's lawyers that she be blocked from submitting to a deposition in the trademark infringement lawsuit brought by Aquazzura Italia SRL against her and her company IT Collection LLC. The Florence, Italy-based company sued President Donald Trump's daughter last year, saying her Hettie shoe was a "virtually identical" knockoff of its popular Wild Thing Shoe, including nearly the same color, shape and tassel on the heel.
(A Sears store seen in 2014 in Coral Gables, Florida.Joe Raedle/Getty Images) Sears Holdings is closing 20 more stores in the US, in addition to the 245 closings that had already been announced this year. The company announced the latest closures to
John Oliver is being sued by Bob Murray, a coal CEO and the target of Oliver's latest story about issues in the coal industry.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Well, hello Advanced Micro Devices, Inc. (NASDAQ:AMD)! Full disclosure: I’ve written some not-so-nice things about AMD stock in the past, but the little semiconductor company that could has
Americans will have a hard time finding a bank that pays a higher savings account interest rate than Wall Street giant Goldman Sachs (GS). GS Bank, the firm’s online bank, recently made headlines when it raised its savings rate to 1.2% from 1.05% earlier this month. At 1.2%, GS Bank surpasses the large consumer banks, where most households keep their money.
The House's version of the health care bill, the Better Care Reconciliation Act of 2017, was at last unveiled on Wednesday, with profound and far-reaching potential repercussions for how Americans are able to access and afford health insurance. Currently, Americans pay $3.4 trillion a year for medical care (and, unfortunately, don't get impressive results ).
By Narottam Medhora and Jim Finkle WATERLOO, Ontario (Reuters) - BlackBerry Ltd posted quarterly revenue that missed analysts' forecasts due to an unexpected sales decline, pushing shares down as much as 13 percent, which would be their biggest one-day drop in more than two years. The company reported that software and professional sales fell 4.7 percent to $101 million during the first quarter. Investors pay close attention to that category because growth of high-margin software sales is at the heart of Chief Executive Officer John Chen's turnaround strategy for the company.
The Great Restructuring in retail continues. In the wake of a disappointing holiday season, J.C. Penney (JCP) said recently that it will close 138 stores stores by the end of the summer. The store closures represent 13% to 14% of the company's current store base and less than 5% of annual sales. They have a negligible impact on net income. J.C. Penney said same-store sales at the locations were "significantly below" the remaining store base and operate at a much higher expense rate due to poor productivity. The company expects $200 million in annual costs savings from the efforts. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing
Ann Coulter, 'In Trump We Trust' author and columnist weighs in on violence from the left wing against Republicans and the GOP health care plan.
Food-distribution giant Sysco was sucker-punched on Friday following reports that a new competitor — a potentially fierce competitor — was looking to get into the industry. It’s not as outlandish as it might have seemed several days ago, before Amazon announced it would be acquiring specialty grocer Whole Foods Market, Inc. (NASDAQ:WFM). While Amazon sells and delivers groceries and staples on a limited basis, the Whole Foods purchase was a big step into the brick-and-mortar aspect of the business.
The proposed merger between Rite Aid (NYSE:RAD) and Walgreens Boots Alliance (NYSE:WBA) will come to a vote at the Federal Trade Commission next week and likely faces a lawsuit seeking to block the deal, according to a report. The Capitol Forum, a D.C.-based firm, reported on Thursday that the acting director of the FTC’s Bureau of Competition has recommended a lawsuit, backing staff recommendations. Walgreens and Rite Aid declined to comment.
Sameer Syed believes that Wall Street alumni have a lot to offer the tech world — but he knows firsthand how hard switching industries can be. Syed started off as an investment banker at JPMorgan, landing his first job as an analyst in 2007. In 2012, he left to join the realm of tech startups.
Jack Ma, Founder and Executive Chairman of Alibaba Group Holding, addresses the media during the inaugural Gateway ’17 event at Cobo Center in Detroit, Michigan, U.S., June 20, 2017. “China is shifting from exporting to importing,” Alibaba CEO Jack Ma said in Detroit on Wednesday. Ma said this during Gateway ’17, the e-commerce giant’s biggest public event in the US, where he addressed 3,000 small business owners and urged them not only to import from China, but also to sell to China.
Kia has done it again: for a second year in a row, the South Korean brand has come out on top of J.D. Power's Initial Quality Study. The Initial Quality Study is a great one for new-car buyers to watch. Unlike Power's equally well-known Dependability Study, which evaluates new cars based on the number of problems they have over several years, the Initial Quality Study rates vehicles according to the number of issues they experience during the first 90 days of ownership.
Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be announced until October, but inflation trends point toward an increase of about 2 percent, according to a recent forecast by the Senior Citizens League.
The latest chapter in what’s become an agonizingly long saga for ETE shareholders and for owners of ETP stock in particular? It may have to shut down its recently opened Dakota Access pipeline while the U.S. Army Corps of Engineers reconsiders the potential impact of an oil spill. Energy Transfer Partners investors can only hang their heads at this point, too tired of the roller coaster ride to even argue in favor of ETP stock.
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Zumiez Inc. ZUMZ is a specialty retailer of apparel and footwear.The Zacks Consensus Estimate for its current year earnings has been revised 12.3% downward over the last 30 days.VeriFone
"I believe non-dividend stocks aren't much more than baseball cards. They are worth what you can convince someone to pay for it." -- Mark Cuban In a lot of ways, Cuban is obviously right. Markets will soar and markets will plunge, but owning dividend stocks means you have a more stable company that pays you consistently -- and that's worth a lot more to many investors. Here's one unloved high-yield dividend stock with a brighter future than many think in General Motors (NYSE:GM) and a mostly overlooked dividend juggernaut in Stanley Black & Decker, Inc. (NYSE:SWK). Peak Auto? So what? Addition by subtraction is a real thing. In this case, General Motors has done a phenomenal job minimizing or
Deciding what course to take with tech stocks hasn’t been an easy one lately, giving the rash of downgrades and bearish commentary coming from some prominent Wall Street analysts. Still, it’s tough to ignore the potential value in semiconductor Qualcomm, Inc. (NASDAQ:QCOM). From my vantage point, Qualcomm — down almost 13% year to date — presents a buying opportunity. QCOM stock, which could reach $70 in the next 12 to 18 months — delivering 23% returns — should be owned by investors who are willing to look beyond the noise.
It's officially summer, which means that throngs of recent college grads will spend the next few months hunting for their first post-scholastic job. As they consider the best places to make use of their skills and pay their bills, they might want to look
AT&T (NYSE: T) is on pace to invest around $22 billion in the United States this year, CEO Randall Stephenson told CNBC on Thursday. Stephenson is among the tech leaders heading to the White House later Thursday to meet with President Donald Trump to discuss the potential impact of emerging technologies on U.S. industrial workers. Ahead of the tech meeting, Stephenson told "Squawk Box" the company will increase its capital investments if Trump delivers on tax reform by the end of the year.