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Ben Carson: Affordable housing is a critical issue in our country right now

Dr. Ben Carson, secretary of Housing and Urban Development, explains the significance of HUD endorsing mortgage loans for condominium units.

  • Oil Price Fundamental Daily Forecast –	Slight Rise Indicates Traders Downplaying Recession Concerns
    Business
    FX Empire

    Oil Price Fundamental Daily Forecast – Slight Rise Indicates Traders Downplaying Recession Concerns

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading better on Friday after gapping yesterday's close. At 08:09 GMT, October WTI crude oil is trading $55.15, up $0.73 or +1.38% and December Brent crude oil is at $57.90, up $0.56 or +0.98%. On Thursday, the U.S. reported that retail sales rose 0.7% in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, according to data that came a day after the 2-year/20-year U.S. Treasury yield inverted for the first time since June 2007 prompting a sell-off in stocks and crude oil.

  • A gun law case before the US Supreme Court has Americans up in arms
    Finance
    Quartz

    A gun law case before the US Supreme Court has Americans up in arms

    The US Supreme Court will soon consider the right to bear arms, something it hasn't done for nearly a decade. The case in question has pitted New York City against the New York State Pistol and Rifle Association over a law on transporting guns. The twist here is that New York City, and its many legal allies, say the case is actually moot.

  • The MoMA Design Store is selling household goods from Italy
    News
    Quartz

    The MoMA Design Store is selling household goods from Italy

    This principle fuels Fattobene, an online store that celebrates curious traditional household goods from all over Italy. Its products, 150 of which are now being sold at the MoMa Design Store in New York, includes charming Genoese soaps, handmade brooms, healing Ligurian sulfur sticks, graphic floor tiles by Milanese architect Gio Ponti, and sexy tape dispensers manufactured by an industrial machine shop in Lombardy. Fattobene, which means “well-made” in Italian, is the brainchild of lifestyle journalist Anna Lagorio and stage-director-turned-photographer Alex Carnevali.

  • Apple is going to be the company that kills the wallet
    Technology
    Quartz

    Apple is going to be the company that kills the wallet

    Although contactless payments have been around for years (the first Android device with contactless technology was released in 2010), it wasn't until Apple took it seriously that one of the most outdated transit systems in the country took notice. It's a trend that seems to have replicated itself year after year with Apple. MP3 players had been around for many years before the iPod, but that device upended the music industry (along with iTunes); Apple didn't produce the first touchscreen smartphone, but the iPhone spurred a mobile revolution.

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

  • Does China Maple Leaf Educational Systems (HKG:1317) Have A Healthy Balance Sheet?
    Business
    Simply Wall St.

    Does China Maple Leaf Educational Systems (HKG:1317) Have A Healthy Balance Sheet?

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, China Maple Leaf Educational Systems Limited (HKG:1317) does carry debt.

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

  • General Electric shares bounce back after Markopolous report
    Business
    Yahoo Finance Video

    General Electric shares bounce back after Markopolous report

    Shares of General Electric are bouncing back just one day after whistleblower Harry Markopolous published a report accusing the company of massive accounting fraud. Wall Street analysts are coming to General Electric's defense. Yahoo Finance's The Ticker discusses.

  • How Many Global Net Lease, Inc. (NYSE:GNL) Shares Do Institutions Own?
    Business
    Simply Wall St.

    How Many Global Net Lease, Inc. (NYSE:GNL) Shares Do Institutions Own?

    Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. We also tend to see lower insider ownership in companies that were previously publicly owned. Global Net Lease has a market capitalization of US$1.6b, so we would expect some institutional investors to have noticed the stock.

  • 4 Industry Leaders With Ultra-High Dividends
    Business
    Motley Fool

    4 Industry Leaders With Ultra-High Dividends

    With long-term bond yields at historically low levels, conservative investors may be looking to high-dividend stocks in order to get the returns they seek. For those looking for high dividends in a low-interest world, here are four market leaders that not only are household names but also sport dividend yields north of 4% and look to be safe bets to make good on those payments long term. AT&T (NYSE: T) is currently the second-largest U.S. mobile telecom service provider next to rival Verizon. Both AT&T and Verizon have large recurring subscriber bases and are currently investing heavily in the next-generation wireless communications: 5G.

  • The retirement crisis is bad for everyone — especially these people
    Business
    MarketWatch

    The retirement crisis is bad for everyone — especially these people

    The country is facing a retirement crisis, but some Americans are worse off than others. Workers in the top 20% of earnings distributions have half of all retirement wealth in both 1992 and 2010, compared with the bottom group, which saw its share fall from 3% to 1% between those years, a recent analysis at The New School's Schwartz Center for Economic Policy Analysis (SCEPA) found. The share of workers in the bottom fifth of the earnings distribution with no retirement savings jumped from 45% to 51% in those 18 years.

  • These 2 Stocks Are the Real Winners in the Food Delivery Wars
    Business
    Motley Fool

    These 2 Stocks Are the Real Winners in the Food Delivery Wars

    Food delivery is all the rage these days among both diners and investors. Apps like Grubhub's (NYSE: GRUB) Seamless and Grubhub, Uber Technologies' (NYSE: UBER) Uber Eats, DoorDash, and Postmates have taken the restaurant industry by storm. With a convenient business model that allows customers to easily use an app or website to order from dozens of restaurants, delivery companies have broadly expanded the restaurant takeout and delivery business in the U.S. What used to be a specialized niche, for pizza delivery (from chains like Domino's Pizza) and Chinese takeout shops, has expanded to virtually every kind of restaurant concept: casual dining chains like The Cheesecake Factory, independent restaurants, fast-food chains like McDonald's (NYSE: MCD), and everything in between.

  • Is Marijuana Stock Tilray on the Verge of Collapse?
    Business
    Motley Fool

    Is Marijuana Stock Tilray on the Verge of Collapse?

    Vertical Group analyst Gordon Johnson thinks Tilray's second-quarter report was "an unmitigated disaster." Soaring costs resulted in a net loss of $35 million, or $0.36 per share, for the Canadian cannabis company. Worse still, Johnson expects Tilray's operations to burn through $117 million in cash in 2019 and $192 million in 2020. In turn, Johnson argues that Tilray should be valued based on its book value, or the value of its assets minus its liabilities.

  • General Electric’s (GE) Biggest Bull Is Unfazed by Harry Markopolos’ Bearish Report
    Business
    TipRanks

    General Electric’s (GE) Biggest Bull Is Unfazed by Harry Markopolos’ Bearish Report

    A bad month got worse for General Electric (GE) yesterday when a whistleblower report was released by a forensic accountant alleging that accounting fraud will cause GE to go bankrupt. William Blair analyst Nicholas Heymann remains unfazed by the bearish report, supporting Culp's huge vote of confidence, as he reiterates an Outperform rating on GE stock. Although Heymann does not have a price target on the stock, his calculations imply an intrinsic value between $14 and $16 per share.

  • Why Did JD.com and Alibaba Blow Past Estimates?
    Business
    Bloomberg

    Why Did JD.com and Alibaba Blow Past Estimates?

    Despite a trade war, the slowing domestic economy and brutally aggressive competition, China's largest e-commerce technology companies have reported earnings that beat highest analyst estimates. China's online retail sales industry has remained surprisingly resilient amid China's slowing economy and trade war concerns. Selina Wang reports on "Bloomberg Markets: Asia."

  • Why Israel has banned two US congresswomen, explained
    World
    Quartz

    Why Israel has banned two US congresswomen, explained

    Israel's decision to bar two sitting members of the US Congress is grounded in a 2017 law that blocks anyone who has publicly expressed support for a boycott of Israel from entering the country, at the government's discretion. Congresswomen Rashida Tlaib of Michigan and Ilhan Omar of Minnesota, both of whom are Muslim, have voiced support for the Boycott, Divestment, and Sanctions (BDS) movement against Israel over its treatment of Palestinians. President Donald Trump exerted intense pressure on Israel to bar Tlaib and Omar from entry.

  • Bill Ackman explains his big bet on Warren Buffett's Berkshire Hathaway
    Business
    Yahoo Finance

    Bill Ackman explains his big bet on Warren Buffett's Berkshire Hathaway

    Billionaire hedge fund manager Bill Ackman believes that Berkshire Hathaway should see its share price "increase substantially" in the coming years. "The catalyst for our current investment in Berkshire is our view that the company is currently trading at one of the widest discounts to its intrinsic value in many years, at a time when we expect the operating performance of its subsidiaries to improve as a result of certain managerial and organizational changes at the company," Ackman wrote in an investor letter dated August 15. During the second quarter ended June 30, Ackman's Pershing Square Hathaway snapped up 3.51 million shares of Berkshire Hathaway's B shares (BRK-B), a position valued at north of $702 million.

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

  • Here's Why Schlumberger (NYSE:SLB) Has A Meaningful Debt Burden
    Business
    Simply Wall St.

    Here's Why Schlumberger (NYSE:SLB) Has A Meaningful Debt Burden

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, Schlumberger Limited (NYSE:SLB) does carry debt. Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price.

  • Business
    Barrons.com

    Some Stocks Are About to Go Ex-Dividend. Here Are Some to Consider Buying.

    Whether the market hits another rough patch next week, there's one thing that is certain: Investors who buy a stock just before it goes ex-dividend are entitled to the next payout. Bespoke Investment Group compiled a list of 19 stocks in the S&P 1500 that are going ex-dividend on Monday. Buying shares before the market close on Friday entitles the purchaser to the next dividend payment.

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

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

  • 3 Dividend Stocks That Should Pay You the Rest of Your Life
    Business
    Motley Fool

    3 Dividend Stocks That Should Pay You the Rest of Your Life

    There's a balance in the dividend space between high yields and dividend sustainability. In the end, it's generally more important to find stocks that can keep paying -- and hopefully increasing -- their dividends than to stretch for high yields that are ephemeral because they are backed by dividends that are likely to get cut. If you want to add a few good dividend names to your portfolio, these three Motley Fool contributors think you'll want to look at biotech Gilead Sciences (NASDAQ: GILD), telecom giant Verizon (NYSE: VZ), and consumer products specialist Procter & Gamble (NYSE: PG).

  • Cummins Inc. (NYSE:CMI) Passed Our Checks, And It's About To Pay A 0.9% Dividend
    Business
    Simply Wall St.

    Cummins Inc. (NYSE:CMI) Passed Our Checks, And It's About To Pay A 0.9% Dividend

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Cummins Inc. (NYSE:CMI) is about to go ex-dividend in just 2 days. Cummins's next dividend payment will be US$1.31 per share, on the back of last year when the company paid a total of US$5.24 to shareholders. Calculating the last year's worth of payments shows that Cummins has a trailing yield of 3.5% on the current share price of $149.25.

  • How Safe Is ExxonMobil's Dividend?
    Business
    Motley Fool

    How Safe Is ExxonMobil's Dividend?

    Shares of energy goliath ExxonMobil (NYSE: XOM) are down around 15% from their highs earlier this year. Income investors may be wondering if there's something going on that they need to know about. The answer is yes and no. Here's what changed, and why Exxon and its dividend are still safe.