CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
Based on the priorities they shared, here are the steps you should target from your 20s to your 60s… and into retirement. What to do: Transfer any credit card balances to a 0% card and use the savings to pay down even more debt. Slay the work, learn negotiation skills, practice in advance, and ask for the raises and promotions you deserve.
Hope stocks. Fads. Castles in the sky. Those are the words I think of when I see a stock that sells for 100 times revenue or more. In my view, you almost have to be crazy to invest in them. Over the years, a typical stock has usually sold for about 1.4 times revenue. In today’s rich market the prevailing ratio is 2.25. So, we’re talking about stocks that sell for 44 times prevailing valuations, which are themselves rich. The vast majority of these stocks are biotech stocks, and proponents argue that they are worth the inflated multiples. These companies are searching for treatments for cancer, heart disease, multiple sclerosis or other diseases that terribly afflict humankind. Why shouldn’t they
President Donald Trump and the Republican party are getting into the Presidents’ Day spirit - with a huge sale with a sale on MAGA merchandise at Trump’s online store. The Trump reelection campaign sent out an email over the weekend, advertising a 30 percent discount on official merchandise, according to the New York Post. "From the birth of the Father of our Country to Abraham Lincoln's leadership that brought our divided nation back together, our country's history is studded with many heroic leaders whom we are proud to honor this President's Day," the email says.
By Alexander Cornwell TOULOUSE, France (Reuters) - Airbus got a boost for its largest twin-engined jet on Tuesday when Qatar Airways said it was considering upgrading some of its A350 orders to the largest model as it took delivery of the first such plane. The A350-1000 is designed to seat 366 people and competes head-to-head with Boeing's profitable 777. The first A350-1000 was handed over to the Gulf carrier on Tuesday, joining the smaller A350-900, which has been in service for three years.
Republican efforts to roll back the Affordable Care Act’s insurance reforms continued Tuesday, when the Trump administration proposed regulations that would make it easier for health insurers to sell cheap, short-term policies that leave out key benefits and are available only to people in good health. Announcement of the proposal, which has been in the works for several months, came two months after President Donald Trump signed Republican legislation eliminating the individual mandate, which makes people pay a financial penalty if they don’t have insurance. In many states, premiums have risen substantially in the past few years, as plans have struggled to attract customers in relatively good health.
A 26-year-old woman who verbally abused paramedics and left a foul-mouthed note on their ambulance in Stoke-on-Trent has admitted a public order offence. Kirsty Sharman, of Parsonage Street, also accepted writing the handwritten message, which said she did not care "if the whole street collasped [sic]" . Paramedics were dealing with a 999 call in her street in Tunstall on Sunday. At North Staffordshire Justice Centre, chairman of the magistrate said it was an "absolutely despicable incident". 'Abuse not acceptable' The ambulance had been responding to a next door neighbour's emergency call to help his wife, who was "experiencing breathing difficulties", prosecutor Liz Ryder told magistrates.
Qualcomm (QCOM) tops our list. The chip maker is raising its bid for NXP Semiconductors (NXPI) to $44B. The Wall Street Journal reports that Qualcomm hopes the $5B increase will boost NXP shareholder support for the deal.
The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month. Wynn Resorts is facing scrutiny by gambling regulators in Nevada and Massachusetts, where the company is building a roughly $2.4 billion casino just outside Boston. Steve Wynn has vehemently denied the misconduct accusations and attributed them to a campaign led by his ex-wife.
The U.S. stock market only had a taste of the potential damage from higher bond yields earlier this year, with the biggest test yet to come, according to Morgan Stanley. “Appetizer, not the main course,” is how the bank’s strategists led by London-based Andrew Sheets described the correction of late January to early February. Although higher bond yields proved tough for equity investors to digest, the key metric of inflation-adjusted yields didn’t break out of their range for the past five years, they said in a note Monday.
Read on to see a few key retirement planning mistakes that can threaten your plans — and learn how to avoid them. Another major misstep is not taking advantage of all retirement options — a major one being opting into your employer’s 401k plan. Often, soon-to-be retirees lowball the amount they should be putting away into savings in order to maintain the lifestyle they want.
Ford Motor Company (NYSE:F) is a frustrating stock for shareholders. The company reported solid fourth-quarter earnings and revenue that beat consensus estimates by a wide margin. If fundamentals are so good and the stock pays a healthy dividend — a yield of 5.66% (before the special dividend) — investors are scratching their heads over why Ford stock is close to 52-week lows.
Climbing yield prices inflation concerns are beginning to erode stock prices. Apple is longer be the “Steve Jobs company” that drove fanatical investment and radical product offerings. Apple still has a considerable customer base, locked into its walled product garden.
The cyclicality of the energy industry makes it hard for income investors to find high yielding stocks. However, after the 50% plunge in oil prices in 2014, energy companies are now benefiting from the recovery through higher cash flows. These favourable
Shares of shipping companies United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) took a hit two weeks ago when Amazon.com, Inc. (NASDAQ:AMZN) announced that it would begin testing its own last mile delivery service. To be sure, it’s nothing new … Amazon announces it will soon offer a new service and stocks in the affected industry suffer in fear of the behemoth cannibalizing said industry. While Amazon in my eye should never be underestimated, plenty of times the news does not mean that Amazon will immediately put all competitors out of business as much as it means that there will simply be one more competitor to the scene.
Japan welcomes a positive stance by the United States toward an Asia-Pacific trade pact, but indicated that altering the agreement at this point would be very difficult. Japan's chief negotiator for the Trans-Pacific Partnership (TPP), Kazuyoshi Umemoto, told Reuters that an agreement among the remaining 11 member nations, set to be signed next month, may have had an impact on the United States. "We have been working, motivated by hopes that the United States would return to the trade pact soon.
Take, for example, natural gas companies Kinder Morgan (NYSE: KMI) and Antero Resources (NYSE: AR), which currently sell at bargain-basement prices compared to peers. It's a mind-boggling discount since they should trade at a premium valuation given their best-in-class operations. Kinder Morgan's stock has plunged a jaw-dropping 60% over the past three years even though the natural gas pipeline company's distributable cash flow (DCF) has only dipped about 7% from the peak.
The past couple of years have been rough on Teva Pharmaceutical Industries (NYSE: TEVA) and its shareholders. The largest maker of generic drugs and developer of a handful of brand-name medicines lost practically half of its value in 2017, and it tumbled by well over 80% from its all-time highs in less than three years. The list of reason why Teva ran into a brick wall last year is a mile long.
Berkshire has big stakes in many of the market's blue chips, including Bank of America, American Express, Apple, and General Motors, to name only a few. Some of Berkshire's top picks haven't just been in the portfolio for years, they've occupied space for decades -- American Express is a banner example (Buffett first loaded up on the stock more than 50 years ago). With that kind of patience, Berkshire and its shareholders have been more than handsomely rewarded.
For Airbus SE’s second-in-command Fabrice Bregier, the delivery of the first A350-1000 model came with a bitter-sweet tinge: his last day at the European manufacturing giant after being overlooked for the top job. Bregier, 56, at least had the satisfaction of seeing the A350 through to the end of its launch phase, with the stretched -1000 model representing the culmination of a program whose production problems took some of the gloss off its sales success during his final years at the company. “I could have stayed a bit longer, but I think I am one of the top managers who has spent the longest time running Airbus,” Bregier, Airbus’s chief operating officer and the head of its main jetliner arm, said at a ceremony in Toulouse, France, after handing the plane to Qatar Airways.
Feb.19 -- Indonesia is foregoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, U.S. Ambassador to Indonesia Joseph Donovan said. Bloomberg's Karlis Salna reports on "Bloomberg Markets."
Stockton, California, is set to experiment with a universal basic income plan in which select individuals will be given $500 a month, no strings attached.
Working longer may make more sense than saving more earlier in life. A new NBER paper says delaying retirement by 3 to 6 months leads to the same standard of living in retirement as saving an additional one-percentage point over 30 years. Yahoo Finance's Seana Smith, Rick Newman and Dion Rabouin discuss.
U.S. News & World Report contributor Ashley Pratte and Fox News political contributor Tammy Bruce on Devin Nunes’s investigation into the Trump dossier and the Obama administration’s possible role in the creation of it.