Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll
Month: July 2019
Stock buybacks have gotten a bad name in many precincts over the past few years, decried as unproductive “financial engineering” that detracts from corporate investment in future growth. But Apple’s aggressive use of its copious cash resources to repurchase its shares at modest valuations in recent years has shown the power of buybacks for a
Sir Richard Branson is honored with star on the Hollywood Walk of Fame on October 16, 2018 in Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Fulfilment does not come from material possessions, billionaire Richard Branson said in a new blogpost, claiming he “never set out to make money.” “I truly believe that ‘stuff’ really
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric. Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson. Disclosure Trader disclosure: Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen
The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images Health insurer Humana raised its 2019 profit forecast on Wednesday and posted second-quarter earnings ahead of Street estimates, as it reined in costs and recorded higher revenue from its unit that sells Medicare Advantage health plans. Shares rose 3.7% to
[embedded content] Federal Aviation Administration officials are set to testify in front of a Senate panel about how the agency approved the Boeing 737 Max, the plane that has been grounded worldwide since mid-March after two fatal crashes. The agency has been under increased scrutiny from lawmakers after the two deadly crashes — one in
Ariel Skelley | DigitalVision | Getty Images The CFP Board of Standards, the group overseeing the Certified Financial Planner credential, will overhaul its practices, making it easier for investors to spot financial advisors with a questionable past. In a Tuesday afternoon phone call, the group announced it would establish an independent task force to review
Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at
Charges against Jeffery Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith | Getty Images News | Getty Images A day before accused child trafficker Jeffrey Epstein
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERS. New York State Division of Criminal Justice Services | Handout | Reuters Jeffrey
Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash
Simone Marchetti wears Apple AirPods during Milan Fashion Week in Milan, Italy. Melodie Jeng | Getty Images Apple is often referred to as the “iPhone company,” because that’s the product that’s driven the majority of Apple’s sales for years. Since 2012, the iPhone has accounted for over half of Apple’s revenue for every single quarter.
Come next summer, your financial advisor may have something to tell you. Make sure you listen carefully. A new federal regulation calls for a broad swath of the nation’s advisors, by June 30, to put clients’ interests first when giving investment advice. They’ll also have to disclose conflicts of interest, and broker-dealers will be tasked
Pfizer signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Tucked behind the mega-pharmaceutical deal between Pfizer and Mylan is weakness in Pfizer’s earnings, according to Morgan Stanley. The firm downgraded Pfizer to equal-weight from overweight and slashed it price target to
Blockchain CEO Peter Smith. Krisztian Bocsi | Bloomberg via Getty Images Blockchain, one of the world’s largest cryptocurrency wallet platforms, says it’s launched a digital currency exchange aimed at delivering “lightning-fast” trades. The company’s exchange, called The PIT, is the result of a behind-the-scenes effort led by a team of former executives from the New
Mastercard on Tuesday beat Wall Street estimates for quarterly profit, as a robust economy encouraged customers to spend more, boosting fee income for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 8.3% to $1.60 trillion in the second quarter. Overall consumer spending, which accounts for more
Cyber security risks are rising globally. Erik Tham | Corbis Documentary | Getty Images Capital One on Monday disclosed that an outside hacker accessed personal information relating preexisting credit card customers or those who’d applied for a card. The bank added that based on in-house analysis, the event affected about 100 million people in the
When former vice president Joe Biden recently announced his plans for older Americans, he joined his fellow Democratic presidential candidates in calling for the expansion of Social Security. “We should be increasing, not decreasing, Social Security,” Biden said at a recent AARP Iowa forum. “It’s within our capacity to do so.” Former U.S. Vice President
Morgan Stanley signage on the door of their headquarters building in New York. Scott Mlyn | CNBC Morgan Stanley is offering a new tool to help financial advisors and their clients measure sustainable investing choices and how they perform in their portfolios. The analytics and reporting application, called Morgan Stanley Impact Quotient, was announced on
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images Now is a good entry point into Gilead’s stock as the company begins to stabilize, while still trading at a discount to its peers, according to RBC Capital Markets. The
A top economist at Morgan Stanley told CNBC on Monday that he expects the Federal Reserve to cut interest rates by 50 basis points this week because of weak business investment in the United States. A report from the Commerce Department last week showed that business investment in the U.S. declined 5.5% in the second
American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines skidded more than 5% Thursday after the nation’s largest airline said it took a hit from the prolonged grounding of the Boeing 737 Max. Strong travel demand helped it post second-quarter profit that came in slightly higher than expected. American reported a per-share profit of
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters The Federal Trade Commission issued civil subpoenas to Johnson and Johnson in June as part of an investigation into whether contracting practices for its blockbuster rheumatoid arthritis drug, Remicade, violated antitrust laws, the company said in a regulatory
Webb Institute Source: Webb Institute Even as college becomes increasingly unaffordable for many students and their families, it is still possible to graduate owing next to nothing. “There are so many college-bound students and their families that are nervous about assuming too much debt,” said Robert Franek, editor in chief at The Princeton Review. However,
A Dish Network field service specialist installs a satellite television system at a residence in Denver. Matthew Staver | Bloomberg | Getty Images Winning is good. Unless your prize is becoming a wireless company. Such is the case for Dish Network, which is expected to shell out $1.4 billion for T-Mobile’s prepaid mobile business and
Giant Panda statues at the China International Import Expo (CIIE) — held from Nov. 5 to Nov. 10, 2018 at the National Exhibition and Convention Center in Shanghai, China. Fu Tian | China News Service | Visual China Group via Getty Images BEIJING — American companies remain keen on tapping business opportunities in China, despite
Shares of Google parent company Alphabet rose more than 9% after the company reported second-quarter earnings that beat estimates Thursday. Alphabet said its board of directors approved a repurchase of up to an additional $25 billion of its Class C capital stock. On a call with analysts, CFO Ruth Porat said the capital would be
U.S. stock index futures were slightly lower Monday morning, as market participants braced for a likely cut in interest rates for the first time in more than a decade. At around 03:15 a.m. ET, Dow futures dipped 28 points, indicating a negative open of more than 43 points. Futures on the S&P and Nasdaq were
LawrenceSawyer/Getty Images Samantha Jokela, a 21-year-old college student from Upton, Massachusetts, will be graduating from college a year earlier than expected, thanks to dual enrollment. Dual enrollment is a state-run program that allows students to take college-level classes, often through a local community college, while they are still in high school. As many as 3
David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. Adam Jeffery | CNBC David Einhorn revealed new positions Thursday in three stocks: Chemours, Dillard’s and Scientific Games. Einhorn told Greenlight Capital clients the positions were added in the second quarter. He described the Chemours stake as “medium
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