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News and Advice, Latest of The Day: Earnings, Wealth

07/19/2019

American Express tops profit estimates on higher card spending; expenses a worry Credit card issuer American Express beat analysts' estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by...
22:16, 07/19/2019

Battling flood damage? Here's why you'll have a hard time getting a tax break for it If your home and belongings were lost in a fire or in a flood, you're about to have a harder time claiming those losses on your tax return. Here...
19:16, 07/19/2019

Here's how women can grow their careers, according to Morning Joe's Mika Brzezinski Women need to be smart about getting their foot in the door and working their way up the ladder, says Mika Brzezinski, best-selling author and co-hos...
18:16, 07/19/2019

How to avoid costly Medicare mistakes when retiring after age 65 If you're covered by qualifying health insurance at work and have delayed signing up for Medicare (or parts of it), it's important to plan ...
18:16, 07/19/2019

Ohio congresswoman says lack of financial literacy could be a problem for Facebook Libra users Rep. Joyce Beatty, D-Ohio, grilled Facebook's David Marcus, asking about the steps he will take to educate the 1.7 million unbanked people Libra...
18:16, 07/19/2019

Back-to-School Sales Tax ‘Holidays’ Lure Shoppers Despite Slim Savings “People who won’t walk across the street to save $5 on a pair of pants will take a day off from work to take advantage of a sales-tax holiday,” a tax...
18:00, 07/19/2019

Retiring this year? How much you'll need for health-care costs A 65-year-old couple in good health could shell out close to $390,000 in medical expenses, according to HealthView Services. Here's why the bill...
23:16, 07/18/2019

College applications can add up to thousands of dollars. Here's how to save As college costs rise, some students apply to a laundry list of schools to increase their odds of getting into one they can afford. Yet doing so can ...
18:48, 07/17/2019

Blue states file suit against IRS over rules on SALT workarounds Gov. Phil Murphy of New Jersey is suing the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely...
18:48, 07/17/2019

Spend too much? Here's what is causing you to be a shopaholic Even in the absence of shopping "holidays" like Black Friday and Amazon Prime Day, designed to entice consumers to spend on items they never planned ...
15:16, 07/17/2019

Wells Fargo tops earnings estimates on strong consumer checking and lending business Wells Fargo's second-quarter earnings report presented investors with a mixed bag as the lender posted stronger checking and consumer lending bu...
14:48, 07/16/2019

Planning to travel while on Medicare? Make sure you have coverage at your destination Whether you're covered for medical services while traveling depends partly on where you're going and how you receive your Medicare benefits...
14:16, 07/14/2019

This work perk can help you build wealth — or load you up with taxes and risk Don't get too attached to those stock options and restricted stock units at work. In order to get the most benefit from them, you'll need t...
16:48, 07/13/2019

These pension plans are at risk of going broke. Now lawmakers need to agree on a fix Retirement benefits for more than 1 million people could be at risk if nothing is done to help save underfunded multiemployer pensions. The House of ...
22:00, 07/12/2019

How a Tax Loophole Is Helping Silicon Valley Workers Save Millions A little-known tax break allows some start-up employees who own company stock to avoid paying taxes on up to $10 million when they sell their shares....
15:16, 07/12/2019

This blind spot is putting financial advisors and their clients at risk Knock, knock. The Securities and Exchange Commission has some questions about your firm's cybersecurity policies and procedures. Here's how...
16:48, 07/11/2019

This charitable investing strategy was an early investor in Beyond Meat One donor-advised fund gave investors access to Beyond Meat before its surprise hit of an IPO. Here's how these charitable strategies could make...
16:48, 07/11/2019

A giant manufacturer just gave a glimpse into this earnings season as it tanks on tariff costs For those who don't see China trade war hurting U.S. business, a $17 billion industrial distributor just sounded alarms on tariffs costs and rel...
14:48, 07/11/2019

Credit card mismanagement adds to millennials' financial woes Once model savers, millennials are falling into the credit card debt trap. Financial education should be embedded in education from grade school thro...
13:16, 07/11/2019

World's best bank for wealth management 2019: Credit Suisse With a new strategy of regionalization, integration and innovation, Credit Suisse’s wealth management business has set itself apart from its peers an...
00:00, 07/11/2019

This risk could wipe out everything you own. How to prepare Think your homeowners insurance will cover your dwelling ina hurricane? You could be wrong. Here's how to prepare your house and your wallet for...
20:32, 07/10/2019

Levi Strauss profit tanks 17%, hit by a stronger dollar, and higher marketing and online expenses Levi Strauss reported a 17% drop in quarterly adjusted profit, hit by a stronger dollar, higher marketing costs, and investments in its online busine...
14:00, 07/10/2019

What Americans really think the government should do to fix Social Security Social Security is in need of changes before 2035 to continue to pay out benefits as promised. Americans weigh in on what they think the government s...
22:00, 07/08/2019

Live in these cities if you want to save plenty of cash You should have at least six months' savings set aside in case of an emergency. And it turns out the city in which you live could determine whet...
22:00, 07/08/2019

The Value in Trying to Do Things Your Own Way Too many people use someone else’s map when building a business or making a big decision, either by following others’ rules or deliberately defying t...
21:48, 07/08/2019

Here's how more Americans can save for retirement, according to the 'father of the 401(k)' More employers, like small businesses, need to start offering retirement savings plans to their workers, says Ted Benna, best known as the 'fath...
18:16, 07/08/2019

Here's where the presidential candidates stand on Social Security Medicare has become a buzzword so far in the 2020 race. Yet another important benefits program,Social Security, has largely been absent from the disc...
19:32, 07/06/2019

Nearing retirement? This checklist can help make sure you're financially ready Regardless of what the next phase of your life looks like, there are some financial aspects you should consider now to help the transition go smoothl...
02:16, 07/06/2019

At Column No. 500, a Look Back at Lessons Learned The purpose of this column has been to show how we can learn from those who have had financial success (or bigger flops) to improve our own financial...
20:16, 07/05/2019

How to snag a good deal on a car if you're shopping during the July 4 sales push Climbing new-car prices, slowing consumer demand and competition from millions of leased cars returning to the market have resulted in dealerships ea...
19:16, 07/04/2019

Predatory lenders prey on US military members. Here's how to avoid becoming a victim Predatory lenders, who cluster around military bases, target young soldiers who are inexperienced with money. Money expert Tara Falcone shares tips o...
00:16, 07/04/2019

The Secure Act may flood your 401(k) with annuities. Here's what you should know While many people may be drawn to the idea of guaranteed income in retirement, it's important to understand the pros and cons of annuities befor...
00:16, 07/04/2019

The island that was used to promote the Fyre Festival is on sale for $11.8 million Private island Saddle Back Cay was used in the promotional video for the festival, which featured supermodels including Bella Hadid and Kendall Jenne...
15:32, 07/03/2019

Cringeworthy money mistakes advisors have seen their clients make We asked 10 financial advisors, including nine members of the CNBC Digital Financial Advisors Council, about the worst money mistake they've see...
15:32, 07/03/2019

Kleinwort Hambros: Maintaining a high-touch personal service Paul Kearney, head of private banking at Kleinwort Hambros, says that there are two overriding prerequisites for success in the competitive private b...
04:00, 07/03/2019

It can be hard to predict the future. Why you should save anyway A lot of young people can't easily imagine where they're headed. Here's how to make sure you're prepared for a variety of outcome...
20:16, 07/02/2019

One-third of Americans have cut back on spending, and some fear a recession is coming A third of Americans are spending less, according to the CNBC/Acorns Invest in You Spending Survey released on Monday. The reasons they cite include ...
16:32, 07/01/2019

College costs are skyrocketing. Here's how to decide if that high price tag is worth it With the student loan crisis gaining ground as a key issue in the 2020 presidential race, a new CNBC and Acorns survey has found that a majority of A...
16:32, 07/01/2019

Men spend more on impulse buys than women. Here are 6 ways to break the habit A new CNBC and Acorns survey shows that men spend more on impulse buys than women, breaking old stereotypes. Experts give tips on how to break the ha...
16:32, 07/01/2019

DeVos cancels Obama-era rule forcing colleges to prove students could repay their student debt Education Secretary Betsy DeVos issued the final repeal of an Obama-era rule aimed at holding low-quality education programs accountable by forcing t...
16:32, 07/01/2019

Cancer patients with student debt are supposed to get a break. The government isn't giving it President Trump signed a bill last year allowing people with cancer to press pause on their federal student loan payments throughout their medical tr...
18:32, 06/29/2019

Democrats' student debt forgiveness proposals may resonate more in blue states Voters in blue states stand to have more student debt forgiven under Democrats' proposals than those in red states, according to an analysis by ...
06:48, 06/29/2019

Learn money and investing basics in less time than an episode of The Office These eight personal finance education videos will teach you the basics of credit, budgeting, insurance, retirement, saving, investing and taxes in l...
17:16, 06/28/2019

Social Security statements could be coming back to your mailbox The Social Security Administration may have to send annual statements via snail mail again. Advocates for the change say not enough people are access...
03:32, 06/28/2019

House passes bill that would block enforcement of new SEC investor protection rule One of the amendments attached to an appropriations bill would prohibit the Securities and Exchange Commission from implementing and enforcing its "R...
22:48, 06/26/2019

It's time for colleges to require mandated financial literacy courses The U.S. Financial Literacy and Education Commission "recommends that institutions of higher education require mandatory financial literacy courses."...
21:32, 06/26/2019

Medigap changes coming next year for future 65-year-olds If you turn 65 after 2019, you no longer can purchase a policy that covers the deductible for Part B. If you reach that age before Jan. 1, however, y...
21:32, 06/26/2019

Women and minorities receive less from Social Security. Politicians are looking to change that Congressional Democrats took to the Hill on Wednesday in the latest push for Social Security reform. Their mission: to help get women and minorities ...
21:32, 06/26/2019

Thousands of students sue Betsy DeVos, claiming she's denying them student debt forgiveness More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos...
20:16, 06/25/2019

Firms look to attract and retain tomorrow's financial advisors As the nation's financial advisors start to age out of the workplace, the industry is facing the fact that the number of graduates from universi...
17:00, 06/25/2019

This debt is most likely to force you to file for bankruptcy Student loans aren't the biggest reason people file for bankruptcy. Those who hit financial rock bottom most often point to medical debt as the ...
17:00, 06/25/2019

Lennar profit beats as lower mortgage rates boost home sales Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder's sales got a boost from lower interest rates ...
13:48, 06/25/2019

Financial advisory firms offer 'returnship' programs Internships for professionals, many middle-aged, who've taken a break from the labor force are becoming more popular at financial advisory firms...
14:32, 06/24/2019

Are collectibles for collecting or investing? Advisors weigh in Just how viable are collectibles as an asset class for the average investor? Should financial professionals advise clients to sink hard-earned cash i...
18:00, 06/23/2019

Why Ted Cruz may be holding up major retirement legislation in the Senate New legislation called the Secure Act could usher in the biggest changes to retirement law since 2006. But one sticking point — the use of 529 saving...
16:00, 06/21/2019

Sen. Elizabeth Warren proposes law to help same-sex couples collect tax refunds owed to them Proposed legislation from Sen. Elizabeth Warren (D-Mass.) would give gay couples who are legally married the ability to file amended tax returns and ...
21:48, 06/20/2019

Carnival cuts 2019 profit on Cuba travel ban, higher expenses Carnival cut its profit forecast for the year on Thursday due to the Trump administration's sudden ban on cruises to Cuba and higher expenses re...
21:32, 06/20/2019

How to get investors to save more for retirement? Perhaps by saying hello to their future self Getting clients to save more for retirement means getting them to care about their future selves. How to forge that emotional connection? Technology,...
14:32, 06/20/2019

Here are 4 tax breaks that you might get back if Congress reinstates deductions The House Ways and Means Committee has proposed a package of "tax extenders," potentially reviving deductions and credits that were unavailable for t...
16:32, 06/19/2019

How to outfox the robots reading your resume There are more resumes to compete against. Here's how to tailor your resume to take advantage of the algorithms that reject and choose candidate...
22:32, 06/18/2019

Rick Santelli's 5 things you need to know about investing in bonds If you want a balanced portfolio, experts say you should invest in bonds. Here are the answers to five key questions about the market, from CNBC'...
22:32, 06/18/2019

New federal tax rules create advantage for real estate investment trusts As Generation X and millennials inherit their baby boomer parents' assets amid the so-called Great Wealth Transfer, some will look to invest it ...
17:48, 06/18/2019

Here's where Americans are vacationing this summer -- and what they're spending Just about half of Americans are hitting the road in the next three months. Where are we headed and how will we get there? For the most part, it'...
17:00, 06/16/2019

Lessons from Dad: The best money advice CNBC anchors received from their fathers Parents have a big influence on their kids, including when it comes to money. With Father's Day just around the corner, we asked our CNBC anchor...
18:32, 06/14/2019

Here's how much Americans are spending on their kids' allowance A new survey shows that 40% of Americans are paying their kids an allowance. Here's how much they are paying and other ways you can teach your c...
18:32, 06/14/2019

Five reasons why your high-tax state won't let you move away Thinking of relocating to Nevada for its income tax-free environment? Chances are your home state's auditors won't let you go quietly. Here...
18:32, 06/14/2019

Elizabeth Warren will introduce legislation to cancel student loan debt for most borrowers Elizabeth Warren isn't waiting for the election to push forward her sweeping plan to erase the majority of the country's outstanding studen...
08:48, 06/14/2019

Let's stop the argument that financial education doesn't work Research continues to validate financial education, leading to better decision-making, heightened confidence and increased self-efficacy. If you impu...
17:16, 06/13/2019

Millionaires say they are more likely to vote for Joe Biden over Donald Trump in 2020 elections American millionaires would elect Joe Biden over President Donald Trump if the former vice president becomes the Democratic nominee, according the CN...
22:32, 06/12/2019

Options are few for storm-ravaged homes with insufficient insurance While government programs can offer assistance following a hurricane or other major weather event, it's not guaranteed and it's not all fre...
21:32, 06/12/2019

Feds block SALT workarounds that high-tax states favored The feds blocked a move by blue states to craft a workaround to the Tax Cuts and Jobs Act limiting state and local tax deductions, saying receipt of ...
20:16, 06/12/2019

Companies are trying something new with their 401(k) plans. It might get you to save more A growing number of companies automatically take money from their employees paychecks and deposit it into a retirement account — even after a worker ...
20:16, 06/12/2019

How the average American millionaire is managing their money in this market CNBC's latest Millionaire Survey finds that America's wealthy remain confident in stocks and the economy even as trade wars persist and Pre...
16:48, 06/12/2019

The top 10 'hidden gems' for summer vacation home rentals Vacation rental management company Vacasa has identified "undiscovered towns and smaller cities," with a similar look and feel to the Top 10 destinat...
16:00, 06/12/2019

Counterintuitive? Here's why advisors may urge retirees to load up on equities Got guaranteed income? Retiring investors with pensions, Social Security or income annuities have a bit of a buffer that may allow them to invest a l...
16:00, 06/12/2019

Congress moves to make it easier for older workers to prove age discrimination The bill would make proving age discrimination easier, by allowing workers to prove their age was a factor in an employer's decision to discipli...
02:48, 06/12/2019

Dream of spending your retirement on the beach? Here are the best towns Spending your days with your toes in the sand may sound like the perfect way to spend your retirement. Here are top beach towns for retirees from U.S...
21:00, 06/11/2019

Turns out it's not baby boomers who have taken the most from Social Security New research from the Center for Retirement Research at Boston College finds that it was the earliest beneficiaries who received more money than they...
20:32, 06/10/2019

Rolling Stones concert goers to get schooled on lifetime income The band is back following Mick Jagger's heart surgery. The concert sponsor hopes attendees will ask how long their money will last in retiremen...
18:00, 06/09/2019

An IPO could make these workers wealthy – or leave them holding nothing Not all start-ups grow up to be Facebook. For the lucky few that do, their employees might have access to a small fortune: stock options. Here's...
17:32, 06/08/2019

Savings Accounts for Disabled Americans Catch On, but Slowly Advocates say the state-based accounts, which let disabled people work and save money without risking the loss of government aid, could help millions...
14:48, 06/07/2019

S.E.C. Tells Brokers to Work for You, but Don’t Skip the Fine Print Consumer advocates say rule changes have weakened the standards governing one class of financial professionals while giving an unwarranted veneer of ...
06:00, 06/07/2019

This company is helping pay down its employees' student debt. 'They are creating value for us' Chegg has a new program that will give its employees up to $5,000 a year to help pay off student debt. "If they borrowed money and they are creating ...
03:00, 06/07/2019

This tax savings strategy for massive IRAs could be on the way out A new retirement bill could make it difficult for owners of large IRAs to pass on their accounts to nonspouse heirs. Here's what you should know...
22:00, 06/06/2019

How Mega Millions and Powerball changed the rules to boost their jackpots America's lottery system goes back a long time — further back than the country itself. Today, state-run lotteries contribute millions to state b...
13:16, 06/06/2019

S.E.C. Adopts New Rules for Brokers That Consumer Advocates Say Are Toothless The advocates say the rules will let the brokerage industry market itself as always doing the right thing for customers, giving them a false sense of...
23:16, 06/05/2019

Morgan Stanley lets clients use donor-advised funds focused on drug discovery Morgan Stanley is teaming up with the Harrington Discovery Institute to let clients make targeted donations to help fuel the creation of new treatmen...
23:00, 06/04/2019

Investing opportunities are expanding for the LGBTQ community In a reflection of the progress LGBTQ Americans have made, the range of investment products tailored to their concerns has also been growing in scope...
18:00, 06/04/2019

James Holzhauer of 'Jeopardy' fame likely owes $1.2 million in taxes "Jeopardy" champion and professional sports bettor James Holzhauer lost in his 33rd episode of the TV game show, which aired on Monday, finishing $58...
08:48, 06/04/2019

This is the age when it becomes embarrassing to live with your parents There's now less stigma around living with your parents into your 20s. A new survey from TD Ameritrade finds that age 28 is when it starts to be...
08:48, 06/04/2019

Tucked away in this retirement bill is a provision to ease college students' tax burdens Tucked away in the retirement bill is a provision that would lighten the tax load on Gold Star families and recipients of taxable scholarships. Here&...
03:48, 06/01/2019

Are you covered for a flood? It's time to check any risk for summer storm damage The next six months are when the risk is greatest for major storms to develop and reach the U.S. Homeowners should evaluate their insurance coverage ...
03:48, 06/01/2019

Home Buyers See Signs of Relief This Spring Price increases are slowing. There are more properties for sale. And mortgage rates are low. Still, much depends on what kind of house you want, and ...
19:48, 05/31/2019

Costco is looking at alternative sourcing and price hikes as tariffs loom Costco reported profit and revenue that beat Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing g...
15:00, 05/31/2019

Serial entrepreneur Gary Vaynerchuk reveals the investment secret that made him millions Gary Vaynerchuk, an early investor in Tumblr, Twitter and Snap, says he has made millions investing instinctively by zeroing in on brands he truly li...
05:00, 05/31/2019

PVH cuts profit forecast as CEO sees retail softness, shares tank PVH Corp. cut its annual profit forecast by 10 cents a share as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing re...
17:48, 05/30/2019

Dollar General's strong same-store sales, profit beat lift shares Dollar General beat analysts' estimates for quarterly same-store sales, as customers spent more on groceries, seasonal products and home goods a...
17:48, 05/30/2019

Dollar Tree cuts profit forecast as costs rise Dollar Tree cut its full-year profit forecast on Thursday, citing costs related to store closures and freight, sending its shares down 4% in trading ...
17:48, 05/30/2019

Retirees are fleeing these 3 states in droves Many New Jersey residents have had it with taxes and snow. A third of people who left in 2018 cited retirement as a big reason, according to a survey...
17:16, 05/30/2019

Four ways to get the most out of your 529 college savings plan By now, everyone's familiar with the $1.4 trillion student debt crisis. However, many parents aren't familiar with a tool that can curb bor...
19:32, 05/29/2019

This is the Number 1 benefit new college grads seek at work — and it's not debt repayment Retirement plan matches and even student loan assistance all take a backseat to the granddaddy of workplace benefits: health insurance. Those are the...
19:32, 05/29/2019

Have your first $1,000 to invest? Don't even think about the stock market Looking for a hot stock tip to get started on growing your wealth? Have your first $1,000 to invest in the market but not sure where to put it? Here&...
18:00, 05/29/2019

DowDuPont to take $800 million to $1.3 billion charge in the second quarter DowDuPont said it expects to book an pretax charge of $800 million to $1.3 billion for the April-June quarter, resulting from changes in valuation of...
18:00, 05/29/2019

This is four-time NBA champ John Salley's No. 1 money rule "Go for success, figure out how to do something that will make you happy while doing it, and the caveat is money comes along with it," says NBA star-...
22:48, 05/28/2019

Real estate investor makes $11,875 a day in profit on Koenigsegg supercar he owned for five months When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quick...
18:00, 05/25/2019

Botched your tax withholding in 2018? It's about to get more complicated The days of hazarding a guess at your tax withholding are over. The IRS will soon release a draft of its new Form W-4 for 2020. Employees may need to...
15:48, 05/25/2019

It’s Almost ‘529 Day,’ and States Say Don’t Forget This College Savings Gift The number of 529 accounts has grown in the past few years. But most people still haven’t heard of the plans or know about their tax benefits, resear...
20:48, 05/24/2019

'American Ninja Warrior' host Akbar Gbajabiamila's top strategy for overcoming fear Is fear getting in your way when it comes to saving and investing? Akbar Gbajabiamila, co-host of NBC's "American Ninja Warrior," has some advic...
15:16, 05/24/2019

Americas private banking debate: Internationalization is the future Wealthy clients increasingly need international products and services. The opportunities are clear for those who can stomach the regulatory hurdles o...
14:32, 05/24/2019

For military families living on the financial edge, money matters are complicated Personal finance can be tricky for military families dealing with frequent moves and lower income, not mention the stress of deployment to often dang...
21:00, 05/23/2019

Bipartisan retirement bill clears House, moves closer to becoming law The Secure Act will head to the Senate, where a similar bill awaits committee action. Differences in the two bills would need to be worked out before...
21:00, 05/23/2019

Millions of Americans are only $400 away from financial hardship. Here's why A majority of American adults say they are living comfortably, according to an annual Federal Reserve study on financial well-being of households. Bu...
21:00, 05/23/2019

Ignoring this client asset may become an advisor's nightmare With the right planning, a cash value life insurance policy can help supplement income in retirement. But if you ignore it, loss of coverage and a ra...
21:00, 05/23/2019

Many Adults Would Struggle to Find $400, the Fed Finds Household finances are improving in a strong job market, but just six in 10 adults still could cover a surprise expense without selling something or ...
19:32, 05/23/2019

Medtronic posts Q4 profit beat on surgical instruments business strength Medtronic reported a nearly 20% drop in quarterly profit on Thursday, hurt by lower sales in its cardiac and vascular business that makes heart valve...
16:48, 05/23/2019

Before Deciding on a College, Look Closely at the Financial Aid Letter Schools are not required to use the same terminology in their offers. And an “award” could mean a grant — or a loan. “Celebrate,” one expert says. “T...
20:32, 05/22/2019

‘Medicare for All’ Is Hammering Health Care Stocks. For Now. The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite t...
20:32, 05/22/2019

4 Tax Strategies That Could Make a Divorce Settlement Easier Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to cons...
20:32, 05/22/2019

Notre-Dame Donation Backlash Raises Debate: What’s Worthy of Philanthropy? Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agr...
20:32, 05/22/2019

Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It. Many organizations measure the effect of investments meant to spur positive change, but the metrics they use, and their results, vary. Several are tr...
20:32, 05/22/2019

A Quirk of the Calendar Is Messing With Stocks Erasing the 2007-2009 bear market from 10-year stock returns has made ‘long-term’ performance look stellar, even though recent returns are unexceptio...
20:32, 05/22/2019

Trash, the Library and a Worn, Brown Table: The 2019 College Essays on Money Each year, we ask high school seniors to submit college application essays they’ve written about work, money, social class and related topics. Here a...
20:32, 05/22/2019

How Loopholes Help Trump and Other Real Estate Moguls Avoid Taxes The ability to deduct business losses against income tax is common. But there are myriad other benefits, all legal, created specifically for commerci...
20:32, 05/22/2019

Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies...
20:32, 05/22/2019

Interest Rates on New Federal Student Loans Will Dip Slightly The rates, which will take effect on July 1, won’t make a big difference in monthly payments. But given the cost of college, one expert says, “this i...
20:32, 05/22/2019

Do you consider your home a great investment? Think again Your home may be many things. A place to raise your family. An opportunity to put down roots. But one thing it is not is a great investment, accordin...
18:32, 05/22/2019

Bay Area techies plan to ditch San Francisco for these 5 cities: Survey Even the tech crowd thinks San Francisco is too expensive for homeownership. That's according to the findings from a recent survey by robo-advis...
18:32, 05/22/2019

Vans owner VF Corp forecasts 2020 revenue below estimates, shares fall Apparel maker VF Corp exceeded Wall Street's quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand...
15:16, 05/22/2019

People who live in these cities earn the highest salaries in the world, research shows Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, ac...
12:48, 05/22/2019

Billionaire to graduating college students: My family is going to eliminate your student loans Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift i...
20:16, 05/20/2019

Lumentum says it's halting all Huawei shipments; cuts its quarterly forecast Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei, following export re...
15:48, 05/20/2019

Advisors create a game plan to prepare clients for this retirement expense With premiums skyrocketing on insurance policies designed to cover long-term-care costs, financial advisors are turning to a variety of other options...
15:00, 05/20/2019

Black households try to close wealth gap by chasing higher returns Black investors are trying to close the wealth gap and feather their retirement nests should avoid taking on too much risk to speed their savings rat...
15:00, 05/20/2019

Want to invest like Warren Buffett? Here are the ins and outs of buying preferred stock Warren Buffett's latest deal involves the preferred stock of Occidental Petroleum. Here's what that means and when it could be a good optio...
18:48, 05/19/2019

Millennials need to get off the sidelines and start investing now Despite the many benefits of investing early and often, too many millennials sit on the sidelines because they worry about the risk of a repeat of th...
01:00, 05/19/2019

The wealthiest investors are ramping up on this asset Even if you're a millionaire, cash is king. Investors in TIGER 21, a group of individuals with at least $10 million to invest, stepped up their ...
21:16, 05/17/2019

Consumer watchdog sues law firm that filed 99,000 debt-collection suits The Consumer Financial Protection Bureau's complaint against a New York debt-collection law firm alleges that its attorneys signed off on tens o...
21:16, 05/17/2019

Your Money Adviser: Interest Rates on New Federal Student Loans Will Dip Slightly The rates, which will take effect on July 1, won’t make a big difference in monthly payments. But given the cost of college, one expert says, “this i...
17:32, 05/17/2019

The government, the biggest cause of the student loan crisis in the US, needs to fix this problem Governments need to find the resources to help families make smarter financial decisions about college during children's high school years. That...
15:48, 05/17/2019

3 steps to determine whether you've earned the right to invest You'll have to tidy up your finances before you can start investing, says Douglas A. Boneparth, president of Bone Fide Wealth in New York. Where...
22:16, 05/16/2019

Metropolitan Museum of Art says it will no longer accept gifts from Sackler family The moves comes after other leading cultural institutions, including the Guggenheim in New York and the Tate in London, said they would cut ties with...
15:48, 05/16/2019

Living with your parents to save money might dim your chances of becoming a homeowner Young adults who lived with their parents between the ages of 25 and 34 were actually less likely to become homeowners after 10 years than those who ...
15:00, 05/16/2019

Advisors need to know the pros and cons of annuities Annuities are a long-term play for both the client and the advisor. Think about these key considerations when you recommend a fixed, variable or inde...
16:16, 05/15/2019

Here's why Sens. Schumer and Sanders are wrong on stock buybacks Two U.S. senators criticized $4 trillion in share buybacks from 2008 to 2017. It is important to understand this cash did not vaporize, nor did it be...
16:16, 05/15/2019

Own a home? How you can get some tax-free income this summer Travel season is about to heat up. Here's what you should know if you want to rent out your dwelling to vacationers and reap a windfall on the s...
16:16, 05/15/2019

What you don't know about this 401(k) investment could cost you Those bond funds in your retirement plan are generally safer than the stock funds, but they aren't bulletproof. Here are the major risks facing ...
05:00, 05/15/2019

Tariffs may boost next year's Social Security cost-of-living adjustment. Why that could be bad If tariffs go into effect, Social Security benefits could get a bigger cost-of-living adjustment next year. But that's not necessarily good news...
05:00, 05/15/2019

Tencent Music charges for more content as paying users drive profit beat China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay...
16:32, 05/14/2019

Planning on growing wealth? Three steps to start investing Market havoc is temporary, but long-term growth through equities can help you fund your retirement. Douglas Boneparth, certified financial planner an...
15:32, 05/14/2019

Big win for Robert Kraft: Judge bars massage parlor video from use at prostitution solicitation trial The videos are the key — and potentially only — pieces of evidence that prosecutors have against Kraft to sustain their charges of soliciting prostit...
02:00, 05/14/2019

Your Money Adviser: Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies...
00:00, 05/11/2019

3 tips to save and succeed at a community college When it comes to a two-year college, affordability is only part of the story. Students who want to wrap up their education in a timely fashion or tra...
21:16, 05/10/2019

What every woman needs to know about investing Investing isn't just a man's game. Financial equality and independence are just as important for women. And for those women looking to seek...
15:32, 05/10/2019

Societe Generale Private Banking: Building a pan-European footprint Societe Generale has had a presence in Luxembourg since 1893, making it the oldest foreign bank in the Grand Duchy. As well as being one of the marke...
14:32, 05/10/2019

Here's the one tip you need to know when saving for retirement If there's only one concept you need to know when saving for retirement, it's this: compound interest. With compounding, you make money on ...
22:48, 05/09/2019

Some parents turn to insurance to protect the cost of their kids' education With the cost of a four-year degree at a public college at more than $80,000 — and nearly $15,000 at private universities — tuition insurance is gain...
19:32, 05/09/2019

Your Money: Trash, the Library and a Worn, Brown Table: The 2019 College Essays on Money Each year, we ask high school seniors to submit college application essays they’ve written about work, money, social class and related topics. Here a...
17:00, 05/09/2019

70% of adults over age 50 get this wrong about Social Security Social Security is a key ingredient in the recipe for sustainable retirement income, yet few older adults understand how to maximize those benefits, ...
04:00, 05/09/2019

How to make the switch from a two-income household to just one Whatever the reason a couple considers going from two incomes to one, the decision can be overwhelming and even frightening. However, anyone can sail...
15:48, 05/08/2019

Despite strong growth outlook, financial advisors see first decrease in base pay in years On the heels of the Great Recession and with the recent change in the tax law, demand – and pay – for financial advisors have risen steadily — until ...
15:48, 05/08/2019

Honda forecasts 6% rise in annual profit on Europe factory revamp Honda Motor forecast a 6% increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its productio...
13:16, 05/08/2019

Sprint loses more phone subscribers than feared in the fourth quarter Wireless carrier Sprint on Tuesday reported greater-than-feared losses in phone subscribers who pay a monthly bill, as the company struggled to keep ...
13:16, 05/08/2019

Mylan quarterly revenue misses estimates, shares fall Drugmaker Mylan missed Wall Street estimates for quarterly revenue, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dol...
22:48, 05/07/2019

AIG shares jump as profit beats on strong underwriting and lower costs Insurer AIG reported first-quarter earnings that trounced Wall Street estimates, as its general insurance business posted its first underwriting prof...
15:00, 05/07/2019

Pioneer Natural profit beats, takes 'Permian pure play' tag with asset sale Pioneer Natural Resources beat Wall Street estimates for quarterly profit, and said it sold its Eagle Ford and remaining assets in South Texas to bec...
15:00, 05/07/2019

Lyft has been a train wreck of a stock. Now it's about to report its first big earnings loss Lyft shares are down 30% since its trade debut, and now the rideshare firm is preparing for another first: earnings as a public company. While its pa...
15:00, 05/07/2019

Mallinckrodt jumps 9% after beating first-quarter earnings estimates, raises 2019 profit outlook Mallinckrodt Pharmaceuticals soared in premarket trading Tuesday after the company released first-quarter earnings that beat Wall Street's expec...
15:00, 05/07/2019

Why working into old age may not salvage your retirement Nobody plans for a debilitating health condition toward the end of their career. This surprise can destroy older workers' income and their retir...
03:16, 05/07/2019

An incovenient truth: The road to retirement means working longer and longer The days of traditional retirement may be over. Potential retirees at the lower and middle end of the economic spectrum simply can't afford to s...
03:16, 05/07/2019

Your child's sports could be sabotaging your financial health More parents — often dads — are shelling out big bucks every month so that their children can pursue their athletic dreams. That spending could hurt ...
03:16, 05/07/2019

'American Ninja Warrior' host Akbar Gbajabiamila's simple money secret: Live within your means Akbar Gbajabiamila came from South Central Los Angeles to become an NFL player and TV host. During that time, he formed ideas about money that he sti...
03:16, 05/07/2019

Young or old, it's a good time to get hired Whether you're graduating from college or you've been in your job for years and are ready for a change, it's a good time to get a new ...
18:16, 05/04/2019

Here's what borrowers would do if Elizabeth Warren forgave their student debt When Elizabeth Warren released her sweeping student loan forgiveness proposal, many borrowers imagined how their lives would transform with less debt...
18:16, 05/04/2019

Wealth Matters: Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It. Many organizations measure the effect of investments meant to spur positive change, but the metrics they use, and their results, vary. Several are tr...
21:32, 05/03/2019

Social Security, a lifeline for millions, needs its own life preserver Social Security's current and future beneficiaries deserve better than a symbolic month each year. They deserve a predictable program that can b...
15:00, 05/03/2019

DowDuPont profit slumps 28%, hit by lower chemical demand Floods in the U.S. Midwest and a sluggish growth in auto and smartphone markets hit prices of its specialty and agricultural chemicals as well as vol...
13:16, 05/02/2019

Corner Office: Thasunda Brown Duckett of Chase: ‘People Need to Know Who You Are’ With a passion for increasing financial literacy and a gift for establishing personal relationships, Ms. Duckett has had a meteoric rise through corp...
03:00, 05/01/2019

Transferring to your dream college? Ask these 3 questions first Your high-schooler may have missed the boat at his No. 1 college choice, but he may have a second opportunity via a transfer. Here's what you ne...
21:00, 04/30/2019

McDonald's earnings beat estimates as promotions drive sales growth McDonald's on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, thanks to a string of successful promotio...
17:00, 04/30/2019

Teens don't believe they'll be financially independent from parents by 30: Survey More than 30% of teens don't believe they'll be financially independent from their parents by 30, according to a new study from Junior Achi...
21:48, 04/29/2019

Spotify shares jump after it hits 100 million paid subscribers for its premium service Spotify Technology reported a better-than-expected rise in first-quarter revenue as the music streaming company hit 100 million paid subscribers for ...
13:16, 04/29/2019

Apple's new services: Will they work? Jon Fortt discusses Apple's new subscription services, with Fast Money editor-in-chief Stephanie Mehta, Finji CEO Rebekah Saltsman, and Quartz e...
22:00, 04/28/2019

Beyond the college cheating scandal The college admissions cheating scandal rocked higher education and dozens of individuals involved in the investigation. Jon Fortt and a panel of exp...
22:00, 04/28/2019

Private jet service JetSmarter agrees to $3 million arbitration settlement JetSmarter has reached an agreement to settle claims made by some of its members that the company engaged in unfair and deceptive practices, accordin...
22:00, 04/28/2019

Private jet company Vista Global to acquire JetSmarter, once touted as the Uber of private jets Private jet company Vista Global agreed to acquire JetSmarter, betting that the value of JetSmarter's technology will outweigh the controversy a...
22:00, 04/28/2019

Millennials are being left out of the world's middle class, research says Millennials are being squeezed out of the world's middle class as incomes stagnate and costs rise, according to research by the Organization for...
22:00, 04/28/2019

Baby T-Rex fossil listed for sale on eBay for $3 million The eBay listing, last updated on Tuesday, claims the artifact is "most likely the only baby T-rex in the world," adding that the specimen has a 15-f...
22:00, 04/28/2019

America's wealthy investors say Fed-induced stock rally has plenty of life left — maybe years Millionaire investors began 2019 worried about the market, but as the Fed's about-face on interest rates takes hold as the new normal in monetar...
22:00, 04/28/2019

Talking money with Suzy Welch: 'You don't have to be an expert to get into the market' Investing is a great way to grow your money, but the fear of not knowing enough about the market and losing money tends to scare people off. But life...
22:00, 04/28/2019

FBI and US attorney question JetSmarter customers Customers of JetSmarter say they have been questioned about the private jet company's business practices and communications. The scope and natur...
22:00, 04/28/2019

Why that IRS calculator might not be enough to pinpoint your 2019 tax liability If you're unhappy with your 2018 taxes, now is the time to make changes to head off a similar result next year. Be aware that you'll need m...
21:32, 04/28/2019

That expected Social Security shortfall won't stand in the way of expansion, advocates say As the annual trustees report warns of impending trouble if Congress doesn't act, advocates hope lawmakers take action to both strengthen the pr...
21:32, 04/28/2019

A Roth 401(k) offers tax advantages. Here's how it works When you contribute to a Roth 401(k), the contribution won't lower your taxable income today. But when you eventually take the money out, simila...
21:32, 04/28/2019

Expert advocates using 401(k) savings to fatten Social Security checks Today's retirees have high debts and low savings. Nobel laureate Richard Thaler thinks buying into an annuity-type program through the Social Se...
21:32, 04/28/2019

Not a millionaire? Pay for expert financial advice the same way you pay for Netflix Seeking financial advice? There's a monthly subscription for that, too. Some financial advisors are adopting a subscription fee payment schedule...
21:32, 04/28/2019

Are Americans overly confident about retirement? Americans may say they're more confident than ever about financing their retirements, but the question remains: Will they actually have enough m...
21:32, 04/28/2019

Adult children are eating into parents' retirement savings: Study Coughing up cash to pay for summer camp and more? Expect to keep footing the bill for your child well after he turns 18. Half of parents with adult k...
21:32, 04/28/2019

Are you afraid of running out of money in retirement? This score can help assess your risk Creating a steady stream of income in retirement is one of the biggest challenges today's retirees face. Here's how you can evaluate your s...
21:32, 04/28/2019

If you have been wait-listed at your dream college, it may be time to cut bait High school seniors generally have until May 1 to commit to a college for the fall semester. But what if you're still on the waitlist at your dr...
21:32, 04/28/2019

The IRS stats are in: Here's how tax refunds look compared to last year The average tax refund check is nearly on par with last year's figures, but CPAs warn that this data point tells only part of the story. Here�...
21:32, 04/28/2019

Your Money: The New Equifax Boss Wants to Make Amends. We Have Some Questions. Mark Begor thinks Equifax can be the consumer-friendly credit bureau. So where are our free credit reports, automatic credit freezes for babies and c...
19:48, 04/28/2019

Your Money Adviser: Still Haven’t Filed Your Taxes? Here, Last-Minute Advice Fewer taxpayers than last year had filed by late March. That may be because of the new tax law. “This is the most complicated tax season ever,” one C...
19:48, 04/28/2019

Your Money Adviser: Checking on Social Security Estimates Is a Good Idea, but Many People Don’t Do It The Social Security Administration used to mail out many more statements each year. Now, it encourages workers to go online. A new report says millio...
19:48, 04/28/2019

For Stocks, the Good Times Came Back. But for How Long? In early 2019, the stock market soared. We provide detailed analysis, along with a dollop of humor and a glimpse of a new thing: climate-change funds...
19:48, 04/28/2019

Your Money: Your Student Loan Servicer Will Call You Back in a Year. Sorry. Many public servants in the federal loan forgiveness program spot errors in the count of their qualifying payments. Their servicer tells them reviews...
19:48, 04/28/2019

Your Money Adviser: Before Deciding on a College, Look Closely at the Financial Aid Letter Schools are not required to use the same terminology in their offers. And an “award” could mean a grant — or a loan. “Celebrate,” one expert says. “T...
19:48, 04/28/2019

Strategies: ‘Medicare for All’ Is Hammering Health Care Stocks. For Now. The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite t...
19:48, 04/28/2019

Wealth Matters: 4 Tax Strategies That Could Make a Divorce Settlement Easier Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to cons...
19:48, 04/28/2019

Wealth Matters: Notre-Dame Donation Backlash Raises Debate: What’s Worthy of Philanthropy? Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agr...
19:48, 04/28/2019

De Ferrari ditches Credit Suisse for AMP – an altogether different job Francesco de Ferrari was running private banking for Asia at Credit Suisse – arguably one of the most important and well-positioned roles in the bank...
19:48, 04/28/2019

Global private banking debate: Trust, scale and security key factors in a digital world Meeting the needs of high net-worth families is more challenging and fascinating than ever. Private banks are investing in new forms of digital commu...
19:48, 04/28/2019

Societe Generale Private Banking (SGPB): Embracing phygitalization Over the last five decades, Societe Generale has been synonymous with innovation, says Jean-François Mazaud, Head of the group’s private banking...
19:48, 04/28/2019

Asia private banking debate: Great opportunities in Asia Asia offers a unique client set of young entrepreneurs; it also offers the challenge of new generations inheriting wealth with different expectations...
19:48, 04/28/2019

Societe Generale Wealth & Asset Management activities: Setting new standards in SRI and ESG "Our primary mission is to protect our clients’ wealth. How they can as well invest in a positive and sustainable way is more and more at the centre ...
19:48, 04/28/2019

India’s wealth managers find profit in the provinces The face of wealth management in India is changing, as vast fortunes are made by young digital disruptors and as private banks venture out of the mai...
19:48, 04/28/2019

50 Years of Private Banking - A Special Report Euromoney Magazine has charted the birth, growth and maturity of the global private banking industry over 50 years. This special report is the distil...
19:48, 04/28/2019

Private banking across the decades Euromoney’s coverage of private banking since our launch in 1969 reflects the changes in the industry itself. The first 30 years were dominated by Sw...
19:48, 04/28/2019

Private banking: Who stays in Asia, wins in Asia For many private banks that set up in Asia in the last decade, the cost of doing business kept them locked out of the vast expansion of wealth in the...
19:48, 04/28/2019

Private banking architects: Jürg Zeltner – the pioneer of the CIO Jürg Zeltner, former chief executive of UBS Wealth Management, explains how the chief investment office was born out of chaos. Its introduction ...
19:48, 04/28/2019

From private bank client to farmer: a Chinese model of social lending Financial services group CreditEase runs an app through which its private banking clients can be connected to needy women farmers in China’s rural in...
19:48, 04/28/2019

Private banking architects: Mark Branson – the man who cleaned up private banking Mark Branson, chief executive officer of Swiss financial regulator Finma, talks to Euromoney about how tax transparency has changed the trajectory of...
19:48, 04/28/2019

Private banking architects: Mary Callahan Erdoes – broadening clients’ investment horizons Mary Callahan Erdoes of JPMorgan speaks to Euromoney about being the port in the storm during the financial crisis and opening up the private wealth ...
19:48, 04/28/2019

Private banking architects: Tan Su Shan – leading the charge for Asia’s wealthy Tan Su Shan has led DBS’s efforts to become the leading home-grown bank for wealth management in Asia, during a decade in which the number of billion...
19:48, 04/28/2019

Private Banking and Wealth Management Survey 2019: Results Index More than 2,000 private bankers took part in the 2019 Euromoney private banking survey. See who’s up and who’s down globally, regionally and by count...
19:48, 04/28/2019

Women in private banking: Why we need a new normal Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth tra...
19:48, 04/28/2019

Private banking: Wealthtech 2.0 – when human meets robot If there was ever a risk of client advisers being replaced by robots, that danger has now passed. Today both robo-advisers and large wealth managers ...
19:48, 04/28/2019

Wealth management: The Next Generation The last 20 years of private banking have been all about building scale, international growth and professionalization; the top wealth managers are st...
19:48, 04/28/2019

Private Banking Awards Dinner 2019 Euromoney’s Private Banking Awards are the most prestigious in the growing area of wealth management. They cover over 60 countries each year, as well...
19:48, 04/28/2019

Why private capital will dominate markets for the decades to come Big pools of private capital, led by sovereign wealth funds, private equity sponsors and family offices, now dominate capital formation in the key gr...
19:48, 04/28/2019

CITIC Bank Private Bank: Success = Technology + Human Touch CITIC Private Bank is leading Chinese private wealth managers in the adaptation of technology, but it is not forgetting the most important element of...
19:48, 04/28/2019

Wealth management: Bank of Morgan Stanley Ten years on from the crisis, Morgan Stanley was already a different animal, with a shift to half its revenues generated from wealth management – wha...
19:48, 04/28/2019

Demand for 'BumbleBee' Transformers toys helps Hasbro beat revenue estimates; shares jump 15% Hasbro reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off "Bumblebee" charged sales of its acti...
19:32, 04/28/2019

Facebook investors brace for an update from Zuckerberg on the company's planned pivot to privacy With Facebook set to release quarterly results Wednesday afternoon, Wall Street wants to know how well the company is preparing to make money beyond ...
19:32, 04/28/2019