Ted Rossman, an industry analyst at CreditCards.com, recently booked a trip to Walt Disney World with his wife, Chelsea and 3-year-old daughter, Ashleigh. He charged the $3,000 vacation on a new credit card. Shortly after, he was shocked to find his credit score had dropped to 790 from 831. “Still good, but a far cry
You wouldn’t trust your toddler with a pile of cash, right? Well, this estate-planning technique may allow you to safely pass your IRA on to future generations — if you do it right. When it comes to naming a beneficiary of your retirement account, the first person to come to mind is likely your spouse.
The story of 2018 for media and telecommunications companies was simple: the world is changing, and now is the time to consolidate. AT&T closed its deal for Time Warner. Sprint and T-Mobile agreed to merge. Disney bought Fox, and Comcast bought Sky. The total cost of the four deals alone was more than $200 billion.
During Edward Norton’s long acting career, the Golden Globe Award winner has enjoyed a side gig backing tech start-ups like Uber, data analytics firm Kenso and crowdfunding site CrowdRise. He started way back in 2000 as founding investor of wastewater treatment company Baswood. It doesn’t take long in start-up land to learn that data science
At a recent conference on financial aid, Education Secretary Betsy DeVos said that every school should help its students graduate with high-quality career prospects and little debt. Students should be equipped, she added, with information that allows them to be responsible consumers. “They need to have the best possible tools, data, advice and support,” DeVos
The new tax law has put a whole new spin on year-end tax planning, though it hasn’t eliminated the need to do it altogether. “The tricks we had in our back pocket have been taken away in the name of simplification,” said Nathan Smith, a director in the national tax office of CBIZ MHM in
Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings. “The first and fundamental question: Is this a correction
Barring a last-minute hitch, two of the world’s largest automakers plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old. The deal will serve as something of a jointly played jigsaw puzzle, allowing Ford Motor and
Sooner or later, retirement starts whispering your name. Even if it’s a mix of work and leisure, most of us expect a little loosening up on the pressures of working. And starting in your 40s and 50s, it’s natural to start planning and wondering what retirement will look like. Not everyone has the money to
“Create a home inventory.” It’s one of those to-do list items personal finance journalists (me included) often recommend, yet everyone tends to put off (also me). Polls from the Insurance Information Institute estimate roughly half of homeowners have a home inventory, a rate that hasn’t budged much over time. That’s not too surprising. Ignorance seems
The chart of the S&P 500 Index is flashing a warning of more selling ahead. A pattern, called the ‘death cross,’ appeared on the chart on Friday as stocks plunged. The S&P 500’s average price of the last 50 days, dropped below the 200-day moving average, a sign of negative momentum and possible change in
When the stock market sells off, CNBC’s Jim Cramer always advises searching for stocks that have been dragged down with the broader market despite the strength of their underlying businesses. The last time the market endured a major sell-off, those stocks ended up being the “cloud kings,” Cramer’s group of top-quality plays in the cloud-computing
Do you tip the garbage collectors at the holidays? How much should you give your doorman as the year comes to a close? Year-end tips have become a common practice. About 60 percent of Americans tipped one or more service providers last year, according to a Consumer Reports survey of 2,013 adults conducted earlier this
GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are
Stocks could continue to take a beating and aim for a retest of lows, after one of the most brutal weeks for the market this year. The past week was one of the worst of 2018, with the Dow down 4.5 percent at 24,388, and the Nasdaq down nearly 5 percent, at 6,969. The S&P
Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data. “The trade war with China is not about trade,” Cramer said. “Sure, the Chinese government has all kinds of
Returning home to live with your parents might not be as big a cost saver as you think — at least when it comes to auto insurance. Millennials who are living at home with their parents pay up to 73 percent more for auto insurance than people their age who own a home, according to
The banks have been under fire this week. The KBE bank ETF has tumbled 6 percent since Monday with major banks like Citigroup and Bank of America tanking by more than 8 percent. After sounding the alarms for the group, Matt Maley, equity strategist at Miller Tabak, has had a change of heart. “I’ve been
A series of wild swings in the stock market this week rattled investors, who pulled $3.5 billion from U.S. equity funds and fled to the safety of government debt. Funds that invest in U.S. stocks saw $3.5 billion of outflows in the week ending Wednesday, the largest exodus since the week ending Oct. 17, when
Frequent flyers who like to pick their seats may need to shell out more miles for their next award ticket. Delta Air Lines has been quietly offering its most restrictive tickets to loyal travelers on some routes. Since last month, Delta has been offering SkyMiles members no-frills basic economy award tickets, along side those for
We all know what inertia means. That’s when an object at rest tends to stay at rest. If that object is you, it means you keep doing what you’re doing, whether it’s watching TV or leaving your retirement plan untouched. After all, why bother? They know all about inertia in the retirement plan industry. Only
A key U.S. construction facilitator is hopeful that President Donald Trump will still make good on his campaign promise of putting more federal dollars towards U.S. infrastructure. Bill Sandbrook, the chairman, president and CEO of mass concrete and aggregates producer U.S. Concrete, told CNBC that the 2018 midterm elections gave him “optimism” that a major
November’s jobs report Friday should show a strong pace of hiring in a solid underlying economy, a stark contrast to some of the worst fears in financial markets this week. Sliding bond yields and falling equity prices have helped fan worries that the real economy is going to stall out and head for a recession.
JPMorgan Chase & Co.: “My charitable trust owns it. If I hadn’t mentioned it and it was therefore frozen, we would’ve picked some up today after listening to [CEO Jamie Dimon]. Now, I know that stock isn’t going to go up right now, but I’ve got a feeling. I mean, Warren Buffett’s in there buying
As investors weather more volatility after Tuesday’s799 point drop for the Dow Jones Industrial Average, financial experts have largely stuck to one refrain: Welcome to the new normal. Concerns over tariffs and what the Federal Reserve will do will likely keep market volatility elevated, according to J.J. Kinahan, chief market strategist and managing director at
James Dolan, the CEO of Madison Square Garden Co. and executive chairman of MSG Networks, will pay more than $600,000 in civil penalties to settle charges by the Federal Trade Commission he violated securities rules. The FTC said he failed to report in a timely matter his acquisition of additional voting shares in Madison Square
After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent
Billionaire investor Leon Cooperman says the recent turbulence in stocks is just part of a market correction as there are currently no signs of a recession happening. “There’s no sign of a trend change,” Cooperman, the founder of Omega Advisors, told CNBC’s “Halftime Report” on Thursday. “You’re just responding to the market.” “I could be
Sign-up rates for Obamacare health coverage have fallen 11 percent from the same time last year, but at least part of the decline is being attributed to something good. More Americans are getting their health insurance from employers thanks to the tightest U.S. labor market in nearly 50 years, health policy experts say. Low unemployment
If you’re hoping to trim your tax bill and ramp up your savings for 2018, you have about three weeks to call your accountant and get your act together. It has been a busy year for taxpayers and accountants, as the end of 2018 signals the first year under the Tax Cuts and Jobs Act.