Month: January 2019

Early estimates for next year’s Social Security cost-of-living adjustment are in — and they’re nothing to celebrate. In fact, at the rate we’re going, there might not be a cost-of-living adjustment for 2020 at all, according to Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League. The non-profit organization tracks how
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In the wake of Nike’s 30th anniversary of the “Just Do It” campaign, the company just did it. The major retailer featured former NFL quarterback Colin Kaepernick in its ad campaign with the message: “Believe in something. Even if it means sacrificing everything.” Has the Kaepernick gamble paid off? Plus, Facebook’s Sheryl Sandberg and Twitter’s
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Tiffany same-store sales fell 2 percent during the holiday shopping season as Chinese tourists bought less jewelry, the U.S. luxury jeweler said on Friday while tempering its outlook for annual earnings. During the November-December period, Tiffany’s net sales also fell, about 1 percent to $1.04 billion, and Chief Executive Officer Alessandro Bogliolo blamed softening demand
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The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that
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Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.
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You know you’re in trouble when fictional Harry Potter spells like “expelliarmus” and “wingardium leviosa” are considered more understandable than the terms of your checking account. Bank websites are chock full of jargon and complex language that the typical customer doesn’t find readable, according to a recent report from VisibleThread. The software company (whose services
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CSX on Wednesday reported quarterly profit that topped Wall Street’s expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. CSX forecast low single-digit revenue growth for 2019 on the heels of 7.4 percent growth last year. Chief Executive James Foote told Reuters the outlook reflects
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Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $4.30 per share, a 24 percent decline from a year ago, according to Refinitiv. Revenue: $7.55 billion, a decline of 3.6 percent from a year earlier. Trading Revenue: Equities: $1.64 billion, Fixed income: $992 million, according
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Political uncertainty abounds. The U.S. government is mired in its longest shutdown ever, U.S.-China trade talks are proving intractable and the Democratic challenger field is expanding as the 2020 presidential election grows closer. But LPL Financial senior market strategist Ryan Detrick says these unknowns coming from Washington are unlikely to shake Wall Street. In fact,
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Ford Motor on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. The No. 2 U.S. automaker said it could see improvement in 2019 earnings and revenue as global industry sales remain flat, but it did not provide any figures. “For 2019, we see the potential for year-over-year improvement in company revenue,
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YouTube will clamp down on content that shows people engaging in dangerous activities or pranks that cause emotional distress. Google’s video sharing platform published guidelines on Tuesday to address a growing number of “dangerous” trends, including a recent spike in videos showing people attempting the “Bird Box challenge.” Inspired by the Netflix movie “Bird Box,”
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