U.S. Markets close in 30 mins

This NYC apartment is selling for $85 million.

A 15,000 square foot apartment in New York City's Hell's Kitchen Neighborhood, listed by Daniel Neiditch at River 2 River Reality is on the market for $85 million dollars. The purchase will also include two tickets to space, a Hamptons mansion for the summer, two Rolls-Royces, and a Lamborghini among other bonuses.

  • Business
    Barrons.com

    Boeing Stock Is Halted, Pending News

    Trading in stock in commercial aerospace giant (BA) has been halted pending news, but before the suspension, shares had fallen almost $18, or 5.5%, to $306.22. Both accidents have been linked to flight-control software, and Boeing has been working for months on fixes, as well as training and hardware improvements to make the plane safer. Aviation stakeholders believe the Federal Aviation Administration can complete a review of the fixes Boeing has submitted to it during the first quarter of 2020.

  • Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse
    Business
    Bloomberg

    Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

    Scott Minerd has a message for his fellows at Davos who are applauding rallying markets: Things aren't as good as they seem. The Guggenheim Partners investment chief likened the inflation of asset prices caused by the loose money policies of central banks to a “ponzi scheme” that eventually must collapse. “We will reach a tipping point when investors will awake to the rising tide of defaults and downgrades,” he wrote in a letter from the World Economic Forum meeting.

  • Business
    Benzinga

    8 Stocks To Buy With Dividend Yields Of At Least 9%

    Fortunately, there are plenty of stocks out there with generous dividend or distributions yields that analysts see as good investments as well. Here are eight stocks to buy with at least 9% yields, according to Bank of America. TCG is a business development company, a type of closed-end investment company that invests in small and mid-sized businesses.

  • How To Invest $100,000 (and Turn It Into $1 Million)
    Business
    SmartAsset

    How To Invest $100,000 (and Turn It Into $1 Million)

    As you invest for retirement, becoming a millionaire might be a reasonable goal. Yes, millionaire status is no longer rarefied air, and depending on your income needs, having at least $1 million in the bank might be necessary to last you through retirement. If you're interested in reaching millionaire status as an investor, here's what you need to know to pull it off.

  • Stock Market Sells Off As China Virus Scare Hits U.S.; These 4 Big Name Stocks Shoot Higher
    Business
    Investor's Business Daily

    Stock Market Sells Off As China Virus Scare Hits U.S.; These 4 Big Name Stocks Shoot Higher

    Chinese online retailing giant and IBD 50 name Alibaba fell 2.5%, but remains extended from a cup-with-handle base above an 88.38 buy point. The Dow took a second big hit after CNBC reported that sources at Boeing revealed the jet-making giant doesn't expect regulators to clear its troubled 737 Max until June or July. Boeing fell 5.5% to its lowest level in a year and remains below its 200-day and 50-day moving average lines.

  • Dow Leads Market Indexes Lower Amid Reports Of First U.S. Coronavirus Case
    Business
    Investor's Business Daily

    Dow Leads Market Indexes Lower Amid Reports Of First U.S. Coronavirus Case

    Key market indexes headed south in midday trade, led by the Dow Jones Industrial Average, after CNN reported the CDC is set to announce the first U.S. case of the China coronavirus. The Nasdaq, down nearly 0.2%, reversed back into the red, the S&P 500 was also down 0.2% and the Dow Jones industrials fell more than 2% in the stock market today. Small caps tracked by the Russell 2000 were sharply lower, down 0.8%.

  • Business
    MoneyWise

    The Fed Cut Interest Rates Yet Again. When Will It Hit You?

    For the third time in about three months, the Federal Reserve has cut interest rates — a move that's likely to have an impact on the credit cards in your wallet and maybe your monthly house payment, to name a couple of examples. With its latest move, America's central bank has lowered its benchmark interest rate ("the federal funds rate") by another quarter of one percentage point — to a range of just 1.50% to 1.75%. Policymakers raised rates throughout 2018, and some experts have wondered why the Fed is cutting rates now.

  • 9 Signs You Are Not Financially OK to Retire
    News
    Investopedia

    9 Signs You Are Not Financially OK to Retire

    What it really takes to retire is a solid grasp of your budget, a carefully considered investment and spending plan for your life savings, debt that's under control, and a plan you're excited about for how you'll spend your days. With that in mind, here are 10 signs you might not be ready to retire yet. Struggling to Pay Current Bills It goes without saying that if you're struggling to pay your bills with a paycheck from work, retiring won't make things easier.

  • `Substantial' Market Correction Is Unlikely, Fidelity's Richards Says
    Business
    Bloomberg

    `Substantial' Market Correction Is Unlikely, Fidelity's Richards Says

    Anne Richards, chief executive officer of Fidelity International, discusses the outlook for the global economy, financial markets and active management in 2020. She speaks with Francine Lacqua on "Bloomberg Markets" at the World Economic Forum's annual meeting in Davos, Switzerland.

  • How to Invest $10 Million for Income
    Business
    SmartAsset

    How to Invest $10 Million for Income

    A $10 million nest egg can last you decades, especially if you make smart investments that prioritize income generation. Wealthy investors should consider mutual funds that have high minimum investment requirements, in part because they tend to have lower fees. Plus, mutual funds help investors generate income from earned dividends on stocks and interest on bonds in the portfolio.

  • How Are Dividends on IRAs Taxed?
    Business
    Investopedia

    How Are Dividends on IRAs Taxed?

    Dividend-earning stocks and mutual funds can help your retirement portfolio grow more quickly, as long as you reinvest the dividends. In a regular investment account, the dividends and capital gains you earn benefit from capital gains tax treatment. For example, if you are in the 10% or 15% tax bracket, you would pay 0% taxes on dividends and long-term capital gains.

  • Boeing Stock Dives As 737 Max Return Slips Further; Rival Airbus Jet Gains
    Business
    Investor's Business Daily

    Boeing Stock Dives As 737 Max Return Slips Further; Rival Airbus Jet Gains

    Boeing stock tumbled after the company confirmed it now sees getting regulator clearance for the 737 Max's return well into the summer. The aerospace giant sees regulators signing off on the Boeing 737 Max in June or July, sources told CNBC, months later than what it previously expected. "We are informing our customers and suppliers that we are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020," Boeing said in a statement later.

  • 11 self-made millionaires reveal the best advice they ever got
    Business
    USA TODAY

    11 self-made millionaires reveal the best advice they ever got

    The best (and worst) advice I ever received came in the form of an insult from my long-term boyfriend and business partner. 4. “All events in your life are neutral until you label them.” During my recovery from a near-death cycling accident, I struggled with many “life isn't fair” moments.

  • Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes
    Business
    TipRanks

    Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes

    The term 'buy when there's blood in the streets' was coined in the 18th century by Baron Rothchild. While some investors automatically avoid underperforming names, the ones willing to take the risk can often receive handsome reward once the company at question executes a turnaround. With this in mind, We'll open up the TipRanks database and take a look at three beaten down stock which those in the know think are ripe for a trend reversal.

  • These 10 Rules Made Warren Buffett a Billionaire
    Business
    MoneyWise

    These 10 Rules Made Warren Buffett a Billionaire

    Warren Buffett may be worth tens of billions, but he still lives simply, and his strategies for smart investing and amassing wealth aren't too complicated either. Buffett's first key to prosperity has little to do with picking stocks. "Without good communication skills, you won't be able to convince people to follow you even though you see over the mountain and they don't," Buffett once told a Stanford MBA student.

  • UBS misses targets, dials back ambitions
    Business
    Reuters Videos

    UBS misses targets, dials back ambitions

    Famous for wealth management, UBS suffered in Q4 as wealthy clients took $4.7 billion of their money elsewhere. Tuesday's (January 21) update from the Swiss bank also shows that despite a near 130% rise in quarterly net profit it missed profit and cost targets for 2019, prompting it to dial back on some financial goals. Like others, UBS is hurting badly from the low-to-no interest rate environment.

  • Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition
    Business
    Investor's Business Daily

    Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition

    Instead, look for companies using AI technology to improve products or gain a strategic edge. Chipmaker Intel, for example, on Dec. 16 acquired Israel-based Habana Labs for $2 billion. Intel in 2016 bought Nervana Systems in an earlier move to take on AI chip leader Nvidia.

  • Why This Top-Notch Biotech Stock Just Plunged By Double Digits
    Business
    Investor's Business Daily

    Why This Top-Notch Biotech Stock Just Plunged By Double Digits

    Further, Big Pharma rivals are likely to launch cardiovascular and lipid drugs with massive sales forces before Arrowhead reaches the market, he said. "We see the next 12 months as far more challenging than the past two years as Arrowhead faces sky-high expectations in the face of increasingly clear competitive headwinds," he said in a note to clients. Foroohar initiated coverage with an ARWR stock price target of 32.

  • Gurus Back Micron Amidst the Revival of the Semiconductor Industry
    Business
    GuruFocus.com

    Gurus Back Micron Amidst the Revival of the Semiconductor Industry

    The semiconductor industry is cyclical, and picking companies to invest in can turn out to be a tricky task. The uncertainty surrounding the sector often leads to the mispricing of securities, which provides great investment opportunities. For example, I published an article on Skyworks Solutions (SWKS) on Sept. 20, 2019, when shares were trading at around $81, in which I assigned a target price of $109.

  • The Next $1 Trillion Stock After Microsoft, Apple, Alphabet Is ...
    Business
    Investor's Business Daily

    The Next $1 Trillion Stock After Microsoft, Apple, Alphabet Is ...

    And analysts think the company's shares will hit 2,177.96 a share in 12 months, says S&P Global Market Intelligence. If Amazon hits that target the company would be worth $1.1 trillion. Amazon would be the fourth S&P 500 stock to be worth $1 trillion, after Google parent Alphabet did it last week.

  • Is Exact Sciences Corporation (NASDAQ:EXAS) Trading At A 40% Discount?
    Business
    Simply Wall St.

    Is Exact Sciences Corporation (NASDAQ:EXAS) Trading At A 40% Discount?

    How far off is Exact Sciences Corporation (NASDAQ:EXAS) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. This is done using the Discounted Cash Flow (DCF) model.

  • Using Your 401(k) to Pay Off a Mortgage
    Business
    Investopedia

    Using Your 401(k) to Pay Off a Mortgage

    Those reduced expenses may mean that the 401(k) distribution used to pay off the mortgage needn't necessarily be replenished prior to leaving the workforce. Consequently, the benefit of the mortgage payoff persists, leaving the individual or couple with a smaller need to draw income from investment or retirement assets throughout retirement years. The excess cash from not having a mortgage payment may also prove beneficial for unexpected expenses that could arise during retirement, such as medical or long-term care costs not covered by insurance.

  • Five Things for Tuesday, including Intel layoff reports
    Business
    American City Business Journals

    Five Things for Tuesday, including Intel layoff reports

    Intel's Data Center Group could make job cuts of 25 to 33 percent, according to tech websites as well as the Oregonian. An Intel spokesperson would not comment on the reports to the Portland Business Journal on Friday, but noted that the company will hold its fourth-quarter conference call Thursday. A drive through the Portland area could cost more than just the aggravation of stop-and-go traffic.

  • Tesla Created Demand for Electric Cars, But Only for Teslas
    Business
    Bloomberg

    Tesla Created Demand for Electric Cars, But Only for Teslas

    A top American executive for Toyota Motor Corp., whose market value is still more than double Tesla's even after Elon Musk's epic run, recently warned of electric-car catastrophe. The cause for concern remains as EVs start to appear in showrooms in greater numbers. The models on the market will swell almost sevenfold to 121 models in the next half decade, from 18 now, according to LMC Automotive.

  • Oops — Santa Clara's attempt to ban fuel cell technology is struck down
    Business
    American City Business Journals

    Oops — Santa Clara's attempt to ban fuel cell technology is struck down

    The Santa Clara city ordinance passed last summer that effectively banned Bloom Energy's natural gas-powered fuel cells as an electricity source was struck down Friday by the Santa Clara County Superior Court. Bloom's stock, which had been hammered repeatedly since its IPO in July 2018 for failure to achieve profitability promised by CEO KR Sridhar, closed at $9.71 on the New York Stock Exchange, up 4.6 percent from the previous day's close. “Officials in the City of Santa Clara made the inaccurate claim that their policy was good for the environment and would contribute to reduced emissions — ignoring the views of environmental experts on the policy's potential environmental harm and the needs of the community for clean, resilient power sources,” Josh Richman, Bloom's vice president of business development and policy, stated in a press release.