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Trump Embraces 'Phase 1' China Trade Deal

Oct.13 -- President Donald Trump said in a series of tweets that the U.S. deal with China means “they will immediately start buying very large quantity of our Agricultural Product, not wait until the deal is signed over the next 3 or 4 weeks.” China agreed Friday to more than double its annual purchases of American agricultural products to as much as $50 billion. Tom Mackenzie reports on "Bloomberg Daybreak: Australia."

  • Man who made a killing during financial crisis says that, at some point, the stock market will slow down — but, till then, ‘I love riding a horse that’s running’
    Business
    MarketWatch

    Man who made a killing during financial crisis says that, at some point, the stock market will slow down — but, till then, ‘I love riding a horse that’s running’

    The U.S. stock market has enjoyed a nearly uninterrupted assault on records, highlighted by the Dow Jones Industrial Average (DJIA) closing at a milestone above 29,000 for the first time and the S&P 500 (SPX) achieving its own landmark close above the psychological round-number at 3,300, while investors in the Nasdaq Composite Index (COMP) may have their sights trained on 10,000.

  • Disadvantages of Roth IRAs Every Investor Should Know
    Business
    Investopedia

    Disadvantages of Roth IRAs Every Investor Should Know

    A Roth IRA is a tax-exempt retirement savings account that holds investments that you choose using after-tax money. If you're thinking about opening an account, consider the disadvantages of Roth IRAs first. Roth and traditional IRAs are excellent ways to stash money away for retirement.

  • Boeing addresses new 737 MAX software issue that could keep plane grounded longer
    Business
    Reuters

    Boeing addresses new 737 MAX software issue that could keep plane grounded longer

    Boeing Co said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 MAX, a development that could further delay the plane's return to service. "We are making necessary updates," Boeing said in a statement. The monitor check is prompted by a software command at airplane or system power up, and will set the appropriate indication if maintenance is required, company officials added.

  • Morgan Stanley, Nomura hike price targets on Apple
    Business
    Yahoo Finance Video

    Morgan Stanley, Nomura hike price targets on Apple

    Apple's stock climbed after both Morgan Stanley and Nomura raised their price target targets on the tech giant. Yahoo Finance's Dan Howley joins Seana Smith on The Ticker to discuss.

  • 4 changes that could affect Social Security in 2020
    Business
    USA TODAY

    4 changes that could affect Social Security in 2020

    If you're one of almost 69 million Americans who receive Social Security or Supplemental Security Income benefits, you'll notice a small change in your monthly check this year. More than 63 million beneficiaries will receive a 1.6% cost-of-living adjustment this month. The 8 million SSI beneficiaries received their COLA on Dec. 31.

  • What's the Difference Between Retirement in Canada and America?
    Business
    Investopedia

    What's the Difference Between Retirement in Canada and America?

    Key Differences: Retirement Savings Plans When it comes to saving for retirement, Canada and America both offer individuals similar financial vehicles with similar tax advantages. Canada's RRSP vs. America's Traditional IRA In Canada, Registered Retirement Savings Plans (RRSPs) allow investors to receive a tax deduction on their yearly contributions. Money invested in the plan grows tax-deferred, which advances the benefits of compounded returns.

  • Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%
    Business
    TipRanks

    Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%

    Let's start with some good news – according to Goldman Sachs' chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year's surge. Oppenheimer believes 2019's bull run was down to valuation expansion. With this in mind, we decided to have a look at two stocks Goldman Sachs thinks are poised to make headway in 2020.

  • Politics
    Fox Business

    Tax cuts 2.0 could include this middle-class windfall: Kudlow

    The Trump administration has begun reviewing ways to carry out its goal of cutting taxes for the middle class. While lowering the payroll tax isn't high on the White House's list, adjusting the earned income tax credit for low to moderate earners is something that's being examined, Larry Kudlow, director of the National Economic Council, told FOX Business' Stuart Varney. We want to aim this at even faster economic growth going out in the president's second term,” Kudlow said.

  • Largest Insider Trades of the Week
    Business
    GuruFocus.com

    Largest Insider Trades of the Week

    DPW Holdings Ault & Company Inc. bought 660,667 shares of DPW Holdings Inc. DPW) for an average price of $1.12 per share on Jan. 15.

  • S&P lowers outlook on Bombardier to negative from stable
    Business
    Reuters

    S&P lowers outlook on Bombardier to negative from stable

    S&P Global Ratings on Friday joined fellow credit rating agency Moody's Investors Service in cutting its outlook for Bombardier Inc to negative from stable, a day after the company lowered its 2019 profit and cash flow guidance. The Canadian plane and train maker warned its 2019 profits would be lower, citing problematic rail contracts, challenges at its business transportation segment and the delayed delivery of its Global 7500 aircraft. S&P said Bombardier's weak outlook lowered its conviction that the company could generate positive free operating cash flow beyond 2019 which it believes is necessary for reducing debt.

  • U.S.
    Financial Times

    Could new regulation spell the death of trusts?

    p These days trusts are often used in wills for estate planning and are frequently combined with life assurance policies. They also feature in inheritance tax planning because they allow people to control how their assets are used after they have given them away.

  • Business
    Reuters

    Toyota to move Tacoma truck production to Mexico from U.S.

    Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America. The largest Japanese automaker also said it will end production of the Toyota Sequoia in Indiana by 2022 as that facility focuses on mid-size SUVs and minivans. Toyota will shift production of the Sequoia in 2022 to Texas and that plant will end production of the Tacoma by late 2021.

  • Too Rich for a Roth? Do This
    Business
    Investopedia

    Too Rich for a Roth? Do This

    For 2020 Roth IRA contributions are not allowed for single filers with a modified adjusted gross income (MAGI) of $139,000 (up from $137k in 2019) or more and married couples filing jointly whose MAGI exceeds $206,000 (up from $203k in 2019). A Roth IRA allows for tax-free qualified distributions in retirement, which may be invaluable if you anticipate landing in a high tax bracket when you retire. Fortunately, there is an available solution to the Roth IRA roadblock for affluent taxpayers: a backdoor Roth IRA.

  • What to Do After Maxing Out Your 401(k) Plan
    Business
    Investopedia

    What to Do After Maxing Out Your 401(k) Plan

    "Through the use of policy loans, you may be able to take money out without paying taxes and put the money back in without paying taxes, as long as the life insurance policy is kept in force." The owner must pay tax on gains if the policy is canceled. Riskier Options There are some directions you can take if you still have a solid income or are expecting a windfall in the near future.

  • Business
    U.S.News & World Report

    15 of the Best Dividend Stocks to Buy for 2020

    Each offers the potential for capital appreciation and yields that 10-year Treasurys can't provide. Pharmaceutical giant Bristol-Myers Squibb, fresh off a year in which it gobbled up "pharma tour de force" Celgene and gained 28%, looks like one of the best dividend stocks to buy for 2020. The best dividend stocks to buy are often ones that can both afford to pay shareholders a meaningful quarterly dividend -- preferably a sustainable and growing one -- and offer a shot at solid capital gains.

  • The last time this ‘clear danger sign’ flashed in the stock market was in 1999, and we all know what happened next
    Business
    MarketWatch

    The last time this ‘clear danger sign’ flashed in the stock market was in 1999, and we all know what happened next

    The chart, pulled from a recent Wall Street Journal story, essentially shows how much red ink is spilling in the IPO market. As you can see, the last time this “clear danger sign” popped up was on the brink of the dot-com implosion in 1999. As the Journal pointed out, 42% of these money-losers come from the health-care sector, where investors look to make a killing on smaller biotech stocks with big upside.

  • U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
    U.S.
    Reuters

    U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles

    The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said. The petition cites "127 consumer complaints to NHTSA involving 123 unique vehicles.

  • Aurora Cannabis jumps as analysts get bullish
    Business
    Yahoo Finance Video

    Aurora Cannabis jumps as analysts get bullish

    Aurora's stockis climbing as Cowen expects the cannabis company to focus on controlling capital spending and restructuring its debt. Yahoo Finance's Emily McCormick joins Seana Smith on The Ticker to discuss.

  • What To Know Before Buying United Parcel Service, Inc. (NYSE:UPS) For Its Dividend
    Business
    Simply Wall St.

    What To Know Before Buying United Parcel Service, Inc. (NYSE:UPS) For Its Dividend

    Dividend paying companies with growing earnings can be highly rewarding in the long term. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. A high yield and a long history of paying dividends is an appealing combination for United Parcel Service.

  • 3 “Strong Buy” Stocks for the 5G Revolution in 2020
    Business
    TipRanks

    3 “Strong Buy” Stocks for the 5G Revolution in 2020

    Investors in Tower Semiconductor stock can expect to see "low double-digit" organic growth in 2020, says Needham analyst Rajvindra Gill. And while that may not sound like much, it's significantly faster -- potentially as much as twice as fast -- as the 6.7% growth rate that most Wall Street analysts are expecting (which could mean additional upgrades will follow as Tower delivers on its promises). Tower aims to aggressively expand capacity at its factories churning out 200mm and 300mm chips to supply growing demand for 5G smartphones, which are experiencing "stronger than expected 5G proliferation."

  • Retirement Planning Tips if You're in Your Mid-60s and Beyond
    Business
    Investopedia

    Retirement Planning Tips if You're in Your Mid-60s and Beyond

    Retirement planning at any age can be challenging. Still, there are certain steps to take when you're in your mid-60s and beyond to make sure you're ready for those golden years. At one time, the common age for retirement was 65, but times have changed.

  • How to Buy an Investment Property
    Business
    SmartAsset

    How to Buy an Investment Property

    If that's you, maybe you stick to high-yield savings accounts or low-cost index funds or ETFs. Here's how to buy investment property and potentially increase passive income. There are many different types of investment properties.

  • This U.S. company will benefit as China tries to catch up in semiconductors
    Business
    MarketWatch

    This U.S. company will benefit as China tries to catch up in semiconductors

    Nobody likes the Sword of Damocles hanging over them — certainly not if you are China, the second-largest economy in the world. The lifeblood of the modern economy is semiconductors. The U.S. dominates the semiconductor industry, and therefore China is highly dependent on U.S. companies.

  • These 13 Tempting Dividend Stocks Torched Investors
    Business
    Investor's Business Daily

    These 13 Tempting Dividend Stocks Torched Investors

    Investors wound up losing money despite each of these stocks yielding 3% at the start of 2019 — because the stocks themselves plummeted. The SPDR S&P 500 ETF Trust, in comparison, started 2019 yielding just 2.01% (it's down to 1.7% now). Losing money especially stung in 2019, when the S&P 500 rose nearly 29%.

  • A Trio of Stocks to Enhance the Quality of Your Portfolio
    Business
    GuruFocus.com

    A Trio of Stocks to Enhance the Quality of Your Portfolio

    XLNX 30-Year Financial Data The intrinsic value of XLNX Peter Lynch Chart of XLNX When the difference between total current assets and total current liabilities (aka working capital) is higher than the long-term debt, then the balance sheet of the company is considered robust, as resources are enough to pay long-term debt. In additon to meeting the above criteria, these three stocks also have positive ratings from sell-side analysts on Wall Street. Xilinx Xilinx Inc (NASDAQ:XLNX) is based in San Jose, California.