Investing

The markets have recovered from their year-end turbulence. Still, you’ll likely see the negative effects of that turmoil when you open up your latest 401(k) statement. Average account balances for 401(k), 403(b) and individual retirement accounts dropped for the fourth quarter of 2018 compared to the previous quarter, according to Fidelity Investments. The average 401(k)
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White House economic advisor Larry Kudlow implied Friday that Democratic proposals to increase taxes on the wealthiest Americans could lead to economic troubles akin to those in Venezuela. “”Taxing rich people – that’s an old saw from the left. It never works,” Kudlow told Fox Business. “I don’t know how these elections and nominations and
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Facebook skyrocketed more than 13 percent Thursday morning after beating analyst expectations on revenue and earnings for its fourth quarter 2018. Its market value jumped about $57 billion. The strong report showed Facebook continued to grow users and revenue in all of its key regions despite numerous privacy scandals that caused widespread consumer backlash throughout
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January’s rally hasn’t been strong enough to turn Morgan Stanley’s chief equity strategist Mike Wilson any more bullish. In fact, he’s calling bulls “dangerous animals” and asking bull riders to “dismount.” Wilson, who called 2018’s rolling bear market, hasn’t changed his bearish stance even after the S&P 500 posted a 6 percent gain in just
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Stocks may be on the brink of another correction. Despite 2019’s strong start, the Economic Cycle Research Institute’s Lakshman Achuthan believes the market remains in a danger zone, because there’s evidence economic growth is still decelerating. “The elephant in the room remains the cyclical slowdown. And, as long as that slowdown is in play… the
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Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According to Suttmeier, the S&P 500
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CNBC’s Jim Cramer implored investors on Thursday not to let day-to-day market volatility frighten them out of buying shares of great long-term performers like pharmaceutical giant Merck. “Merck is exactly the kind of company that investors circle the wagons around” during difficult macroeconomic events like long-lived government shutdowns, Cramer said on “Mad Money” amid a
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Credit Suisse’s top strategist told CNBC on Wednesday the one thing that he is most concerned about as markets stage a comeback. “There’s total inconsistency in the underlying earnings data,” Jonathan Golub, chief equity strategist, said on “Fast Money.” About 14 percent of S&P 500 companies have reported fourth-quarter results thus far. Nearly three in
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