© Reuters. FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Total investor inflows into cryptocurrency funds and products hit $5.6 billion so far this year, up more than 600% from 2019, according to the latest data fromRead More →
A record-setting August for stocks has set the bar high, and September looks off to a promising start, at least for technology stocks, with electric-car maker Tesla TSLA, +12.56% poised for more big gains. That brings us to our call of the day from Schwab Center for Financial Research’sRead More →
© Reuters. One-Third of U.S. Restaurants Face Permanent Closure This Year (Bloomberg) — A new forecast projects that one in three U.S. restaurants may close permanently this year, showing how the Covid-19 pandemic is decimating an industry that employs millions of Americans. As many as 231,000 of the nation’sRead More →
Hi, I’ve been a stay-at-home mom for five years to a 4-year-old and 2-year-old. I’m 32 and I don’t see a clear deadline for when I can return to work. My husband makes 150k a year and is contributing to his 401(k) at 3% with a 3% match. My questionRead More →
© Reuters. BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett’s Berkshire Hathaway among otherRead More →
Dear Catey, My wife and I are 58. She will retire at 62 and I at 67. Our annual retirement income at 67 will be approximately $95,000 from Social Security, pensions and investments. We would like to find an affordable, friendly place to rent during the winter months, that isRead More →
Economic fallout from the COVID-19 crisis and civil unrest could cause many rental real estate properties to run up tax losses in 2020 and maybe beyond. This column covers the most important federal income tax questions and answers for rental property owners. Here goes. Nothing new here. You can deductRead More →
R.S.R. Dear R.S.R., I hear you — it’s frustrating to read about people who get to live large in retirement when your reality (and frankly, most Americans’ reality) is very different. The average Social Security retirement benefit in 2019 was $1,470 a month or $17,640 a year, according to theRead More →
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behindRead More →
India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gainRead More →
According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t moved in twelve months.Read More →
CHAPEL HILL, N.C. — Last year may have been one of Warren Buffett’s worst years ever. We won’t know for sure until Berkshire Hathaway BRK.A, -0.24% BRK.B, -0.25%, of which Buffett is chairman and CEO, releases its earnings Feb. 22, at which point we will learn how much the company’sRead More →
skynesher/iStock Young couple using digital tablet with their financial advisor in the office. How are financial advisors investing their clients’ money? The most recent edition of the Advisor Insights Guide from BlackRock’s Portfolio Solutions team sheds some light. The guide, which covers the third quarter of 2019, aggregates information fromRead More →
© Reuters. FILE PHOTO: A Renault Clio E-Tech Hybrid car is seen at Brussels Motor Show PARIS (Reuters) – French carmaker Renault (PA:) on Friday posted its first loss in 10 years and set a lower operating margin goal for 2020, a crunch year for its planned reboot alongside partnerRead More →
Tesla has been disrupting the automotive industry and taking Wall Street by storm since its 2010 IPO. Its latest milestone: a trajectory that will take the electric vehicle manufacturer to “comfortably” more than 500,000 vehicles sold this year. Tesla TSLA, +10.30% has turned plenty of heads along the way, butRead More →
Tesla Inc. stock rallied more than 6% late Wednesday after the Silicon Valley car maker reported quarterly earnings that topped Wall Street views and set a goal to “comfortably” sell more than 500,000 vehicles this year. Tesla TSLA, +2.49% said it earned $105 million, or 56 cents a share, inRead More →
Fears around China’s ability to contain a deadly coronavirus outbreak have given the U.S. junk-bond market its first major test of the year. Laredo Petroleum Inc. LPI, +2.21% and Range Resources Corp. RRC, +3.61% were two energy companies in January from a deluge of U.S. businesses that raced toRead More →
Stocks in Asia were able to hold their own in early Friday trading following a big down day Thursday that was triggered by jitters over the spread of a coronavirus strain that has killed at least 17 people. With markets in China closed ahead of the Lunar New Year startingRead More →
Growth stocks hammered value plays last year, as they have been doing since the U.S. recession ended. According to Citi, the MSCI all-cap world value index has underperformed the MSCI growth index by 25% since 2010, with 2019 showing the biggest gap in performance in 20 years. But there wasRead More →
© Reuters. Logo of Facebook is seen in Davos By Paul Sandle and Elizabeth Howcroft LONDON (Reuters) – Facebook (O:) will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States afterRead More →
Looking for a six-figure job that makes you happy in 2020, but is also increasing in demand? Front-end engineers had an average overall job satisfaction score of 3.9 on Glassdoor, making theirs the No. 1 profession for 2020 in terms of job satisfaction, salary and job openings, according to aRead More →
By Caroline Valetkevitch and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) – As major U.S. corporations prepare to close the books on a lackluster year of profit growth, they may need to shore up confidence that 2020 will show significant improvement to keep the stock market’s rally going. Wall Street surgedRead More →
Technology stocks have had an amazing ride. But some, including Netflix and Twitter, are less expensive relative to earnings estimates than they were a year ago. You are no doubt aware that 2019 was an excellent year for U.S. stocks. Still, a breakdown of the 11 sectors of the S&PRead More →
Taco Bell wants to give some of its workers the whole enchilada. The home of Doritos Locos Tacos says it’s going to test paying managers $100,000 a year at some company-owned locations in the Northeast and Midwest starting later this year. Taco YUM, +0.65% announced the plan Thursday and alsoRead More →
MEXICO CITY (Reuters) – Mexico’s President Andres Manuel Lopez Obrador said on Wednesday his government was not contemplating reopening auctions this year for oil and gas blocks, saying contracts were already handed out during the previous administration and firms needed to invest. “It’s not contemplated,” Lopez Obrador said at hisRead More →
