Monthly student loan payments can dictate when people have children and how much they’ll retire with. Pat Greenhouse | Boston Globe | Getty Images Student loans have become a defining feature of American life. It was 10 years ago that education debt eclipsed credit card debt. The next year, in 2011, it exceeded auto debt.
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Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters It was a big year for stocks, but 2020 is poised to be even better for some companies, according to Wall Street analysts. Many well-known stocks — and some not so well known — have been
A contractor guides a steel beam into place while working on the Korean Air Wilshire Grand hotel and office building in downtown Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images For some people, a bad day at work means missing a deadline or getting yelled at by your boss. For others, it means
Check out the companies making headlines before the bell: Anixter International – Anixter continues to be the subject of a bidding war, with Wesco International increasing its bid for the networking equipment maker to $93.50 per share in cash and stock. Wesco – a maker of industrial products – had bid $90 per share earlier in the
Jason York | Getty Images It may be a better time than ever to save in a Roth retirement account. A Roth 401(k) plan or Roth individual retirement account allows savers to stash away money after it’s been taxed, meaning Uncle Sam won’t take a bite when retirees withdraw their funds later. Contributions to a
President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters As stocks close out 2019 with potentially the best gain in decades, strategists expect Wall Street’s bull market to continue in 2020 as long as it appears President Donald Trump will be re-elected. Analysts see the possibility of a
The Mandalorian and the Child on Disney+’s “The Mandalorian.” Disney Season two of the beloved Disney+ Star Wars show “The Mandalorian” will be released in fall 2020, showrunner Jon Favreau said Friday. Favreau tweeted out the date along with a photo of a statuette of Gamorrean, a green-skinned pig-like species seen in the Star Wars
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Gina Sanchez was a buyer of Disney. Victoria Fernandez was a buyer of Mastercard. Dan Nathan was a seller of Netflix. Disclosure Trader disclosure: Dan is long TLT March 135 – 150 spread. NKE Dec Call
Originally created on the request of Queen Victoria, Winsor & Newton Series 7 brushes were first made in 1866, and were designed to be the finest possible brush for watercolor painting. But making a Series 7 Kolinsky Sable watercolor brush isn’t easy, and the largest size brush can take almost a week and a half
Hello World’s Ashlee Vance paid a recent visit to Iceland’s capital city of Reykjavik to see the next part of the green energy story. He found a start-up called Icewind that is building a new type of funky wind turbine designed to perform well in low-wind conditions but also to slow itself down in high-winds,
Read more at https://on.ft.com/2Mvhphp The spread between 10-year and 2-year Treasury bond yields dropped below 40 basis points after the Federal Reserve promised to push on with rises in interest rates, while the European Central Bank delayed them until late next year. John Authers discusses the signal that the yield curve is sending, and asks
Carla Harris, Vice Chairman at Morgan Stanley, was the first African American to join the bank’s management committee and has become a powerful voice for women in finance.
SDI Productions Student loan borrowers who want to repay the balance owed with their 529 college savings plan should think twice. President Donald Trump signed the Secure Act into law last week. It will take effect on Jan. 1. In addition to changing the way you save for retirement, the legislation also allows you to
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | Getty Images Apple, one of the best-performing stocks this year, is also the name that analysts have been the most wrong about in their forecasts. The tech
Daniel Pinto sees a lot from his perch atop the world’s biggest investment bank. He’s led J.P. Morgan Chase‘s corporate and investment bank since 2014, a time in which the bank has steadily gained market share from rivals in trading and banking. Pinto has also served as J.P. Morgan’s co-President and co-chief operating officer for
A display at a Michael’s store Source: Michael’s Michaels Companies is replacing its new CEO Mark Cosby after just over two months, hiring Walmart executive Ashley Buchanan to run the arts and crafts retailer as part of a leadership shuffle announced Friday. Buchanan will become the president and designated CEO starting on Jan. 6 while
Microsoft CEO Satya Narayana Nadella. Tobias Schwarz | AFP | Getty Images Growth in Microsoft’s cloud computing segment could fuel a big run for the software giant in 2020, according to Bank of America. Analysts at the bank named Microsoft one of its top software picks for 2020, raising the price target on the stock
Dan Herron, CPA, at the New York City Marathon in 2013 Dan Herron, CPA Dan Herron, CPA, didn’t want to be the bearer of bad news, yet there he was explaining to a couple why they owed the federal government approximately $10,000 in taxes on their 2018 return. “They were used to paying around $1,100,”
Donald Trump in Home Alone 2 Source: YouTube The Canadian Broadcasting Corp. said Thursday that a TV version of the Christmas movie “Home Alone 2: Lost in New York,” which erased a cameo from President Donald Trump, was edited years before Trump became president. The Trump-free version of the 1992 film, which aired on the
Jiangsu Pilot Free Trade Zone Lianyungang Area on November 28, 2019 in Jiangsu Province of China. Wang Chun | VCG | Getty Images China’s fourth-quarter economic growth may have been “the weakest of 2019” — but it still showed an improvement compared to the previous quarter and to the same period a year ago, a
It’s no secret that it’s a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know,
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Punk Economics and FT economics writer Martin Sandbu bring to you a cartoon explainer on the economics you need to know: why official interest rates are now negative in a quarter of the global economy without causing, so far, massive cash withdrawals. For more video content
Nov. 25 (Bloomberg) — President Barack Obama was interrupted by hecklers during a speech on immigration today in Chicago. (Source: Bloomberg) Bloomberg Politics leads Bloomberg’s political coverage across all platforms: Web, mobile, television, digital video, radio, live events and more. “With All Due Respect” is hosted by Mark Halperin and John Heilemann airs at 5p
When Daniel Kottke was dropping acid in the dorms of Reed College, he was often tripping with one of the most creative minds of the last century: Steve Jobs. Laurie Segall reports.
Beau Lark/Corbis/VCG The #MeToo movement is forcing insurers who provide coverage for high-profile executives accused of sexual harassment and assault, such as disgraced Hollywood producer Harvey Weinstein, to rethink their business. A number of companies that sell so-called employment practices liability insurance are demanding higher deductibles, restricting coverage for businesses in high-risk industries such as
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 9, 2019. Brendan McDermid | Reuters U.S. Treasury yields climbed slightly on Thursday in holiday-thinned trading. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at 1.910%, while the yield on the
Donald Trump Carlo Allegri | Reuters President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors. The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group
An Amazon Prime package Andrew Harrer | Bloomberg | Contributor Check out the companies making headlines in midday trading: Amazon — Shares of Amazon jumped over 3%, leading the gains in the S&P 500, after the e-commerce giant said this was its best holiday shopping season ever this year. Amazon said in a statement that
With large gains and repeated record highs in the stock market, this year could be one for the record books. Yet it wasn’t all smooth sailing. At times, concerns about trade caused spikes in market volatility. Whether you want to jump in with both feet, feel you’ve missed the boat or want to run in
Check out the companies making headlines before the bell: Boeing (BA) – Boeing told suppliers for its grounded 737 Max jet to suspend parts shipments for one month starting in mid-January. That follows the firing of CEO Dennis Muilenburg earlier in the day. Uber (UBER), Lyft (LYFT) – Uber and Lyft won a New York