Month: July 2019

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
0 Comments
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
0 Comments
[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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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.
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments