Sam Edwards | Getty Images Retirement is often called the golden years. Many elderly Americans probably wouldn’t describe it that way. Recent research from the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston found that many older Americans don’t have enough money to get by. The report estimates that
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Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting
The stock market has picked up 2020 pretty much where 2019 left off, thanks in large part to two key Federal Reserve moves that could keep the rally going, at least until something goes wrong. Amid an already strong backdrop for Wall Street, the Fed issued two directives right around the same time in October —
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional
CNBC’s Jim Cramer warned the recent gains in Alphabet could be short lived when the company reports earnings in coming weeks. The “Mad Money” host broke down the movements in other stocks that he said aren’t “momentum” based. Later in the show he sat down with GlaxonSmithKline CEO Emma Walmsley and CVS Health CEO Larry
Gene Munster, a former top Wall Street tech analyst turned venture capitalist, believes Apple‘s stock has reason to trade 50% higher than its Friday price. “I want to try to quickly define what the right case [on Apple] would be,” Munster said on CNBC’s “Squawk Alley.” “Microsoft, Google [owned by Alphabet], and Facebook trade at
Retirement is not what it used to be. Whether by choice of necessity, many Americans anticipate extending their working years, according to recent research from the Transamerica Center for Retirement Studies. A majority of workers said they expect to stop working sometime after age 65 or never retire at all, the research found. A separate
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday
At least 11 people have died from severe storms that carved a wide swath through Texas and the South all the way up to Chicago. The National Weather Service in Birmingham, Alabama, on Saturday confirmed three deaths near the town of Carrollton in Pickens County. The service also said a tornado struck the area in
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon Athletica raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand. The athleisure apparel retailer now expects profit per share for the quarter ending Feb. 2 to be
Navy SEALs, Green Berets, Army Rangers and many other elite soldiers in the US military go through SERE (Survival, Evasion, Resistance, and Escape) training, which simulates what it’s like if you’re captured by the enemy. Former Navy SEAL Brandon Webb, who is the Founder of SOFREP.com, explains what the experience is like. ————————————————– Follow BI
kate_sept2004 The legal and financial fortunes of gay and lesbian Americans have changed beyond recognition. That’s largely thanks to the legalization and rapid public acceptance of same-sex marriage and antidiscrimination protections, as well as other civil rights shifts, for LGBTQ people across the U.S. in recent years. Whereas same-sex couples, unable to marry, once had
If you feel the urge to take profits as stocks hit new highs, PNC Financial’s Amanda Agati has a message for you: Resist it. According to the firm’s chief investment strategist, the market is not at peak levels. “The worst thing that clients and investors can do with the market at current levels is pull
A pedestrian looks at an electric quotation board displaying the numbers on the Nikkei 225 Index on the Tokyo Stock Exchange and various markets around the world, in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s
U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said Sunday that Boeing‘s 737 Max crisis could curb U.S. GDP in 2020 by half a point, though he expects the economy should
SuperStock | Getty Images Finding someone to turn to for financial advice should be as easy as finding a doctor. But it turns out the credentials which financial professionals use to represent themselves are often not clear. And getting the wrong guidance can be costly. Misguided advice costs investors about $17 billion in wealth annually,
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Company analysts see only modest upside for stocks overall this year, a rare view for the normally bullish crowd. Average price targets of individual companies show that the typical stock is projected to have just 5.5% upside in 2020, according
Neil Peart, the former drummer for the Canadian rock band Rush, died on January 7 of brain cancer. He was 67 years old. Peart joined Rush in 1974, and their lineup remained the same until their retirement 41 years later. During that time, they sold 25 million albums in the U.S., according to the Recording
Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. Don Emmert | AFP | Getty Images Stocks may be at record highs, but 2020 has already proven to be a volatile year, leading a growing cohort of Wall Street strategists to recommend stable dividend-paying investments. Favorite names
US finance editor Robert Armstrong looks at the S&P 500 over five years and asks if a slowing economy, weaker earnings, high valuations, a trade war and Middle East tensions can’t make the market go down – what can? Read more at https://on.ft.com/2Nd5Yx0 ► See if you get the FT for free as a student
Moxie Marlinspike won’t tell you his name or where he’s from, but everyone from U.S. Intelligence officials to Edward Snowden looks to what he’ll say on one topic: encryption. The technology has come under scrutiny as terrorists are increasingly using it as a way to shield their plans from law enforcement. Laurie Segall reports.
McDonalds Big Mac Getty Images Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway. Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group,
Halley Bondy and daughter Robin, 2 Halley Bondy Halley Bondy loves being a freelance writer. And the 35-year-old journalist, who lives in Brooklyn, New York, earns more working for herself than she did as a full-time employee. Now, a proposal in New York state that could require companies to classify more of their freelancers as
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images In late January 2018, Wall Street reached the moment of “peak happiness,” which marks the highest levels of valuation, investor confidence, financial liquidity and risk appetites achieved
Members of Britain’s royal family at the Trooping the Colour ceremony on June 13, 2015. Chris Jackson | Getty Images LONDON — The U.K. should hold a referendum on the future of its royal family, a lawmaker vying for the leadership of the opposition Labour party said Friday. Clive Lewis, a candidate standing to replace
A NFL playoff logo is seen during the NFC Divisional Playoff. Jonathan Bachman Getty Images The National Football League continues the postseason with its Divisional Round this weekend with Super Bowl LIV in Miami nearing. But player revenue shares will also be up for grabs, with one team remaining that qualifies for the playoff jackpot.
Martin Chavez, Goldman Sachs Amanda Gordon | Bloomberg | Getty Images Marty Chavez’s next act is beginning. The former Goldman Sachs technology chief is joining the board of Paige, a New York-based start-up that aims to use artificial intelligence techniques to improve the diagnosis and treatment of cancer. “I’m thrilled at the opportunity to put
The tween and early teen years can be a tricky time for kids. Not only are they encountering new social situations and gaining more responsibility, they are also forming a big part of their relationship with money. “Kids this age are old enough to really understand how money works,” said Chantel Bonneau, a wealth management
A contractor carries boards through a house under construction at the Lennar Corp. Tree Tops community development in Lancaster, South Carolina, U.S., on Monday, Jan. 8, 2018. Travis Dove | Bloomberg | Getty Images Lennar on Wednesday forecast 2020 home sales above analysts’ estimates, encouraged by strong demand on the back of lower home prices
Honey co-founders Ryan Hudson and George Ruan. PayPal Amazon has beef with the start-up PayPal recently acquired, Honey. During the height of the holiday shopping season, the e-commerce giant warned some users that the browser extension could be a “security issue.” “Honey tracks your private shopping behavior, collects data like your order history and items
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