Delaware Attorney General Beau Biden says a courthouse shooting in Wilmington that left three people dead was not a random act of violence but the result of a custody dispute. (Feb. 11)
It's true that if you're way behind in saving up for retirement, you may have to toil far longer than you'd like. Here's a look at why you might want to start collecting Social Security at age 62. The Social Security Administration assigns each of us a "full" retirement age at which we can start collecting our full benefits.
Here are Doug Kass' top thoughts on some of the biggest stories of the week. Update on What's Up with P&G I placed Procter & Gamble ( PG) on my Best Ideas List as a short on Aug. 31 at $92.56. The shares closed Thursday at $88.23 and, as of this writing, are up $1.57 in premarket trading. Thursday, it was announced that activist investor Nelson Peltz may have won his board seat. Frankly, if the proxy results stand, and Peltz secures his seat on the P&G board, I suspect he will have little impact and that the relationship with Peltz will remain contentious. I am a short seller in PG today based on my negative consumer packaged goods thesis. Originally published Nov. 16 at 9:13 a.m. EST Doug Kass
The last time I took a look at Under Armour Inc (NYSE:UAA) back in September, I didn’t pull any punches to protect owners of UA stock. It is, after all, still a powerful brand name, even if it’s been poorly managed.
A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its U.S. rival Boeing at the start of last week's Dubai Airshow. Two top Emirates officials broke the news to Airbus CEO Tom Enders and his sales chief John Leahy that the widely expected $16 billion deal would not be signed that day, leaving uncertainty over the future of the world's largest jetliner. The halt came so swiftly that Airbus PR executives who were already in place for a double-signing ceremony a hundred yards away found themselves awkwardly among the audience as Boeing walked away with the sole Emirates order, worth $15 billion.
Medical marijuana has never been more popular. With 29 U.S. states plus the District of Columbia and a growing number of nations across the world now permitting legal use of cannabis for medical purposes, many investors are eager to pour money into the best companies in the industry. There are quite a few alternatives available for investing in medical marijuana.
FBN's Maria Bartiromo clarifies her comments from last week about sexual harassment allegations against Sen. Al Franken (D-Minn.) and President Trump.
Merck & Co., Inc. (NYSE:MRK) did not finish last week well. MRK stock hit its 52-week low on the news. As I’ve said many times before, this is when contrarian investors need to take a deeper dive and see if a great long-term company like Merck stock has been oversold, or whether it’s being justly punished for its shortcomings.
A recent sell-off in the stock of Baker Hughes, a GE-owned company, might mean a chance to buy the shares at a bargain, a report in Barron's financial newspaper said. The stock lost 7.4 percent over two days last week after General Electric outlined steps to shrink its array of businesses. It said it planned to get rid of its 62.5 percent stake in Baker Hughes.
For many retired Americans, Social Security is probably the most important social program. According to the Urban Institute, a median income 65-year-old is expected to receive more in lifetime benefits from Medicare than Social Security by 2055. That's less than four decades away, and it's a function of medical care expenses rising at a quicker pace than Social Security's annual cost-of-living adjustment. In other words, not only are seniors trying to maximize their lifetime benefit from Social Security, but they need to also ensure that their Medicare plan is offering them the best possible value.
Every so often, the Earth’s rotation slows by a few milliseconds per day. This is inconsequential to the average human, and causes only mild annoyance to the people whose job it is to measure Earth’s rotation with great precision. That may be about to change, if the hypothesis set out by two geologists proves true. In a study published in Geophysical Research Letters earlier this year, Roger Bilham of the University of Colorado and Rebecca Bendick of the University of Montana predict that, because of Earth’s slowing rotation, the world will see a significant spike in large earthquakes in 2018. To make this prediction, Bilham and Bendick studied every earthquake since 1900 that recorded more than
Warren Buffett has famously said in regard to Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) stock portfolio that "our favorite holding period is forever." Buffett's ideal stock is one that he can buy and whose business continues to grow reliably over time. Having said that, Buffett does buy and sell stocks regularly, and Berkshire Hathaway's portfolio has changed considerably over the years.
Shares of Marvell were down 0.8 percent to $20.14, while Cavium was up 7 percent at $81.14 in early trading. Chief Executive Matthew Murphy, who took the top job a year ago, has been focusing on Marvell's networking business to counteract declining demand for its chips used in hard disk drives of personal computers. Murphy last year replaced former CEO Sehat Sutardja and President Weili Dai - a husband-wife team who co-founded the company - after an audit committee questioned their management style and hedge fund investor Starboard Value LP made a host of demands.
Amazon.com, Inc. (NASDAQ: AMZN) is a retail juggernaut. And the company has shown an inclination toward scooping up companies, even in the brick-and-mortar space. The case in point is Amazon's purchase of Whole Foods Market, Inc. (NASDAQ: WFM), which
Investors may want to take cover soon.Art Cashin, UBS' director of floor operations at the New York Stock Exchange, says a "split personality" is manifesting itself in the stock market, and it could hit Wall Street where it hurts at any moment. "I'm troubled by the market internals, and I'm very cautious about what is going in Washington," he added.
Deciding when to begin receiving Social Security is a personal decision, but that decision shouldn't be made without a clear understanding of the pros and cons associated with claiming early, on time, or late. A lot goes into figuring out how much money
Three of those huge dividend payers are Apple (NASDAQ: AAPL), AT&T (NYSE: T), and ExxonMobil (NYSE: XOM). How can these companies afford to be so generous to shareholders? Let's take a look at these members of the $12 billion dividend club.
HONG KONG/PARIS (Reuters) - Chinese-owned aircraft leasing company Avolon has firmed up an order for 75 Boeing airplanes and may order 20 more, its parent Bohai Capital said on Sunday. The Dublin-based leasing group, founded by Chief Executive Domhnal Slattery, agreed to buy 55 Boeing 737 MAX 8 aircraft and 20 of the higher-capacity Boeing 737 MAX 10, Bohai said in a filing. It may order an additional 20 of the main 737 MAX 8 version, it added.
Demand for commercial airliners has never been higher, and Boeing (NYSE: BA) has claimed its fair share of orders from airlines and other purchasers flush with cash from the industry's success. Just in 2017 alone, Boeing's share price has soared by 70%, and with a single share fetching more than $260 at this writing, the stock has more influence within the price-weighted Dow Jones Industrial Average (DJINDICES: ^DJI) than any of the other 29 components in the Dow. Many investors have thought that Boeing would look closely at doing a stock split because of the huge rise its shares have seen lately.
Unaware that he was speaking into a live microphone, GOP Senator Jeff Flake on Friday told another Republican that “if we become the party of Roy Moore and Donald Trump, we are toast.” The tape was captured by Arizona TV station ABC 15. Flake was recorded while speaking to Mesa’s Republican Mayor, John Giles, who replied to Flake’s observation by elaborating on earlier encouragement that Flake run for President. The immediate context leaves it unclear whether Giles is calling Moore or President Trump an “idiot,” but ABC 15 says the comment seemed to be directed at Trump.
Investing in stocks is one of the most effective means of accumulating wealth. The stock market is unquestionably volatile, and if you work hard for your money, as most of us do, the last thing you want to do is risk losing it. On the other hand, if you're smart about how you invest in the stock market, you'll minimize that risk and increase your chances of coming away a winner.
Two other people in a crosswalk were injured in the Thursday night crash as deputies responded to a report of a gunshot victim, Los Angeles police Capt. Alfonso Lopez said. Investigators were still trying to determine whether the patrol vehicle was using its emergency lights and siren at the time. “We extend our deepest condolences to the families and all those affected by this tragic accident,” a sheriff’s department statement said.
Buying and holding Rite Aid Corporation (NYSE: RAD) stock has turned out to be an excruciatingly painful experience. The biggest factor behind Rite Aid stock's collapse, of course, was the doomed acquisition attempt by Walgreens Boots Alliance (NASDAQ: WBA). After more than a year of drama with the Federal Trade Commission, Walgreens threw in the towel on trying to buy Rite Aid outright.
HOUSTON/DUBAI (Reuters) - As Venezuela's dilapidated energy sector struggles to pump enough crude oil to meet the country's OPEC output target, rival producers have started to plug the gap, according to OPEC and industry sources and U.S. government data. The South American country's oil output hit a 28-year low in October as state-owned oil giant PDVSA [PDVSA.UL] struggled to find the funds to drill wells, maintain oilfields and keep pipelines and ports working. Venezuela's oil production, which has been falling by about 20,000 barrels per day (bpd) per month since last year, is on track to fall by at least 250,000 bpd in 2017, according to numbers reported to the Organization of the Petroleum Exporting Countries (OPEC), as U.S. sanctions and a lack of capital hobble operations.
Search the question "what is financial success?" on the internet, and you'll get millions of results with countless different answers. While there are many ways to define financial success, there's only one real way to achieve it: Manage your money responsibly. To be financially successful, you have a lot to save for, including retirement, emergencies, and unexpected expenses.