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Breaking News - Latest of The Hour: Earnings, Wealth

08/22/2019

Here's why people aren't saving more in their 401(k) plans If you want retirement security later, the time to invest is now. Nevertheless, just 3 out of 10 workers polled by Bankrate.com said they're saving more for retirement now compared to last year....
07:17, 08/22/2019

What a Trump payroll tax cut would actually mean for your wallet President Trump is considering reducing payroll taxes as a way to stimulate the economy. Here's a rundown of what you pay, and how it would affect your wallet....
07:17, 08/22/2019

Trump to grant student loan forgiveness for disabled veterans President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their debt wiped away....
07:17, 08/22/2019

Can't wait until 70? This is the next best age to claim Social Security benefits Waiting until 70 to claim retirement benefits is generally best. But if you cannot delay that long, there is another option that's almost as good....
22:17, 08/20/2019

These cities gave the most money to charity in 2018 Residents in the Boston metro area are more than happy to give away their cash to a range of charitable causes, according to data from Fidelity Charitable....
22:17, 08/20/2019

Why that 30% rule of thumb about credit card use could be costing you Experts say there is a misconception that your credit score won't be negatively affected unless your total balance climbs above 30% of your available credit....
22:17, 08/20/2019

Whether married or single, this is how women are financially vulnerable in retirement It's no secret that women face unique challenges when it comes to having enough money to last through retirement. Here are the risks they likely face....
13:34, 08/20/2019

Here's how I kicked my post-college kid out of the house — and you can, too Instill financial responsibility in your young adult children by requiring them to move out and handle their bills on their own as soon as possible after college graduation. I kicked my kid out of my house — and you can, too....
15:17, 08/18/2019

How to get the most from this tax-free source of retirement income Managed properly, cash value life insurance can complement your retirement planning strategy. But beware: You'll need to work closely with your advisor to avoid a tax trap....
15:17, 08/18/2019

The price of a cup of coffee may be the answer to fixing Social Security Can Social Security's solvency be extended through a plan that includes payroll tax hikes that amount to less than a cup of coffee? Supporters of the Social Security 2100 Act say yes....
02:34, 08/18/2019

Pebble Beach car week isn't for budget travelers. Prices get jacked for tickets, hotels, even gas Thousands of people descend on the normally quiet Monterey Peninsula coast for what has come to be known as "Pebble Beach car week," but it is not an event for those on a tight budget....
19:17, 08/17/2019

Amid GE fraud accusation, it might be a good time to check your long-term care policy Allegations that GE's long-term-care unit is suffering massive losses come amid multiple challenges in the market, which has shrunk in recent years....
10:17, 08/17/2019

James Bond's Aston Martin DB5 sells for $6.4 million at Pebble Beach The car, one of just three surviving examples commissioned by Eon Productions for the early Bond films and fitted with all the M16Q Branch gadgets, was sold by RM Sotheby's during the Pebble Beach car week....
15:51, 08/16/2019

How much you'll need to invest each month to retire with $2 million at age 20, 30, 40 and beyond Want to retire with $2 million? How much you'll need to save every month depends on your age. Whether you're 20 or 50, here's how to do it....
15:17, 08/15/2019

These charitable individuals are giving cash away. Here's why Owners of donor-advised funds turned on the tap and made hefty grants to their favorite charities, according to data from Schwab Charitable and Fidelity Charitable....
08:17, 08/15/2019

Seeing red? Why a falling stock market can help you save on taxes Market declines don't have to be a horror show. Here's the upshot: Lower portfolio values make it cheaper to convert your IRA to a Roth IRA....
08:17, 08/15/2019

The IRS may seize your passport if you owe a lot of back taxes You may not be able to get a new passport or renew your existing one if you owe the IRS more than $52,000. Worse, your existing one might simply be revoked....
18:17, 08/14/2019

You may be tempted to make this mistake as the market tanks. Here's what to do instead. Roller coaster moves in the market might tempt you to carefully watch your investments or even adjust your holdings. Here's why those are some of the worst things you can do....
18:17, 08/14/2019

Here's why some people don't mind overpaying the IRS More than 4 out of 10 people polled by NerdWallet are perfectly fine with taking home less pay and sending more money to the IRS throughout the year. That's because they're banking on a big refund next year....
07:17, 08/14/2019

Money stress traps many women into staying in unhappy marriages A large number of American women stay in marriages that are unhealthy and even border on dysfunctional due to financial insecurity and stress, and the ongoing gender pay gap....
22:51, 08/13/2019

Pebble Beach Concours: What to expect at the world's premier car show Described as the Coachella for wealthy car collectors, automakers and collectors flock to Monterey to showcase everything from classic Bentleys to the newest models from Ferrari and Bugatti....
00:17, 08/13/2019

The big wealth transfer is coming. Here's how to make sure younger generations are ready. You've decided what you want to leave to your heirs, but have you looped them in on your plans? Take these steps to make sure your money lasts for generations to come....
00:17, 08/13/2019

How much money do you need to retire? Start with $1.7 million It turns out that there is a magic retirement number. Most Americans believe it is $1.7 million, according to a survey from Charles Schwab. Here's how they can get there....
11:36, 08/12/2019

Congress is considering big changes to the way you retire. Here's what could make the cut The House of Representatives has put forward legislation targeting retirement rules, Social Security, multi-employer pensions and Medicare. Here's what the changes would mean for your bottom line....
05:34, 08/11/2019

To Graduate, File a Fafsa, More High School Seniors Are Told More states are requiring it, and students who complete the form are more likely to attend college — especial low-income pupils, says a group that promotes college education....
23:00, 08/09/2019

What’s Left After a Family Business Is Sold? After so much attention to running things, little thought goes into what comes next. Relatives should focus on their values, not money, advisers say....
23:00, 08/09/2019

Baby boomers' wealth is 12 times greater compared to millennials. Here's why The net worth gap between older and younger Americans has grown into a chasm. While the average older household had about seven times the net worth of younger households in 1998, they now have about 12 times the net worth....
03:34, 08/09/2019

Viacom beats quarterly revenue estimates Viacom, the owner of MTV, Comedy Central, and Nickelodeon, beat estimates for quarterly revenue on Thursday, helped by a rare growth in domestic advertising revenue....
20:34, 08/08/2019

Tariffs could be a 'tragic situation' for Americans living paycheck to paycheck Thousands of household products could get more expensive, thanks to the newest round of tariffs the U.S. plans to slap on goods from China next month....
15:00, 08/08/2019

4 key things you should do to grow your career, according to former Yum Brands CEO David Novak There is a lot of advice out there on how to move up the ladder, but if you focus on these four things, you'll find success, says former Yum Brands CEO David Novak....
21:34, 08/07/2019

Here's how many people claimed this new 20% small-business tax break More than 14 million tax returns claimed the new 20% qualified business income deduction in 2018, according to IRS data through May 23. How to know if you qualify....
21:34, 08/07/2019

Consider this investment if you're worried about losing all your money While the rate of return isn't anything to write home about, you get inflation protection and the guarantee that you won't lose your principal....
14:34, 08/07/2019

How to solidify your financial plan in case the trade war sparks a recession Ongoing trade tensions with China have many worried that the U.S. economy could be headed toward a recession. Here's how to adjust your plans before those fears become a reality....
20:34, 08/06/2019

What to do with your 401(k) as the market tanks The market's roller coaster ride may have you tempted to move investments in your retirement nest egg. Here's what financial advisors say you should do instead....
16:00, 08/06/2019

What to with your 401(k) as the market tanks The market's roller coaster ride may have you tempted to move investments in your retirement nest egg. Here's what financial advisors say you should do instead....
19:34, 08/05/2019

1 in 3 workers would take a pay cut for unlimited time off: survey One in three workers would give up some of their pay in exchange for unlimited vacation, according to a survey from Allianz Global Assistance. But unlimited vacation might not be all it's cracked up to be....
17:00, 08/05/2019

This Social Security rule cuts public workers' benefits. Politicians want to change that Teachers, firefighters and police officers who are eligible for pensions and Social Security may receive reduced retirement benefits. Some lawmakers want to overhaul that rule....
17:00, 08/05/2019

Is your spouse cheating? Your tax returns may hold the secret It's hard to hide everything from Uncle Sam — including infidelity. Here's how your tax return can tell you whether your spouse may be having an affair....
07:00, 08/05/2019

New state programs, like California's, make it easier for workers to save for retirement Millions of workers do not have access to a workplace retirement plan. Now, states like California are starting programs to help those people save for their future....
07:00, 08/05/2019

Forget law school, these kids want to be a YouTube star Harris Polls and toymaker Lego found that one-third of kids between the ages of 8 and 12 aspire to be either a vlogger or a YouTuber. Experts say it's part of a growing trend that stems partly from increased access to technology at younger ages....
13:34, 08/04/2019

Chevron profit rises 26.3% on higher output Chevron reported a 26.3% rise in quarterly profit, as higher production more than offset lower crude oil and natural gas prices and a rise in expenses....
20:34, 08/02/2019

These strategies will help your child get more college financial aid Some parents are breaking the rules to get their childen more college financial aid. Here are some legitimate ways to pick up more federal, state and university aid....
16:34, 08/02/2019

Here's how to feel richer with the money you already have You don't necessarily need to make more money to feel wealthy. Try doing more with the funds you already have. These tips can help you get started....
13:00, 08/02/2019

Fed rate cut, trade wars: How to know if you have too much risk in your portfolio Recent market highs could have prompted you to take on more equity risk in your portfolio. Here's why you may want to reevaluate your positions now....
13:00, 08/02/2019

These workers are saving the maximum in their 401(k) plans A handful of lucky taxpayers were able to make the maximum contribution to their retirement plans in 2016, according to the IRS. Here's what you should know about ramping up savings....
13:00, 08/02/2019

Bill to improve health savings accounts for Medicare users comes with a big downside While the Health Savings for Seniors Act would allow HSA contributions if you're on Medicare, it also would limit what you can use the withdrawals for....
13:00, 08/02/2019

Wayfair shares whipsaw as costs build up and loss widens Wayfair shares dropped Thursday after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed....
17:00, 08/01/2019

Core game franchises propel Electronic Arts revenue beat Video game publisher Electronic Arts reported better-than-expected quarterly revenue, riding on the continued success of its battle royale game "Apex Legends."...
07:00, 08/01/2019

Kamala Harris has a student debt forgiveness plan, but it's complicated Borrowers will have a lot of boxes to check before they can get the $20,000 in student debt forgiveness on the table in Kamala Harris' newly released plan....
22:00, 07/31/2019

Sony posts 18% jump in first-quarter profit on strong image sensor business Japan's Sony on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business....
01:34, 07/31/2019

Dish loses fewer pay-TV subscribers than expected Dish Network beat estimates for quarterly revenue, as the U.S. satellite TV service provider lost fewer pay-TV subscribers than analysts had expected....
01:34, 07/31/2019

How much you'll need to invest each month to retire with a million dollars at age 20, 30 and beyond Want to retire a millionaire? How much you'll need to save each month, using investments that earn six percent annual returns, greatly depends on your age. Whether you're 20 or 50, here's how to do it....
23:00, 07/30/2019

CFP Board vows stepped up oversight of financial advisors after complaints of lax review Shopping for an advisor? The Certified Financial Planner Board of Standards is changing its processes to help curtail financial advisors with bad track records....
23:00, 07/30/2019

Browsing social media is not always free. Looking at Instagram or Pinterest could cost you big-time It's not just kids who are susceptible to social media peer pressure. Parents, too, can fall victim — and actually have gone into debt as a result....
20:00, 07/30/2019

Think the Capital One hacking is bad? Here are 5 of the biggest data breaches ever On the heels of July's news that some 100 million U.S. credit card customers and applicants of Capital One had personal information hacked, here's a look at five of the biggest data breaches....
20:00, 07/30/2019

Parents are exploiting this legal loophole to get their kids more need-based college financial aid Some parents are exploiting a legal loophole so that their children can declare themselves as financially independent from them, likely enhancing their eligibility for federal, state and university aid, according to ProPublica....
20:00, 07/30/2019

How Democratic presidential candidate Joe Biden would increase Social Security benefits Biden, who is currently leading in the polls, wants to change Social Security to prevent the eldest workers from running out of money and the the poorest from retiring into poverty. To do that, the plan calls for raising taxes on high earners....
11:00, 07/30/2019

At Banks and Fund Firms, Access Is Too Often Denied, Blind and Deaf Investors Say Workers with sensory challenges face an array of digital obstacles to managing their retirement accounts and have sued to ensure banks’ websites comply with federal disability law....
04:17, 07/28/2019

Millennials aren't thinking about this risk to their finances Life insurance is probably the last thing on your mind if you're in your 20s and 30s. Surprise — those are probably prime years for buying coverage. Here's what you should know....
19:34, 07/26/2019

NFL star Adrian Peterson made close to $100 million but apparently can't pay his debts The Washington Redskins running back is fighting creditors in court over a $5.2 million loan. Here's what the pros tend to get wrong about managing their finances....
04:34, 07/26/2019

Millennials' financial futures at stake in Social Security reform debate, Republicans say Congressional lawmakers want to extend Social Security's solvency. But they also want to make sure millennials will get as much money out as they pay in....
04:34, 07/26/2019

Real estate in the Hamptons had its worst spring quarter in 8 years Real estate sales and prices in the Hamptons continued to fall in the second quarter, marking a year and a half of declines, according to a report from Douglas Elliman and Miller Samuel....
07:34, 07/25/2019

How to shave your tax bill — and your Medicare costs in retirement A flush 401(k) is just one thing you'll need to cover your retirement costs. Sock some money into Roth accounts and your taxable accounts to help trim taxes in the future....
02:34, 07/25/2019

A warning to seniors if the Fed lowers interest rates Retirees face two competing forces: Lower rates on their "safe money" and a stock market that's becoming overheated. Here's where older investors are searching for yield....
20:17, 07/24/2019

Visa earnings beat on higher customer spending Visa beat analysts' estimates for quarterly earnings on Tuesday, as a robust economy encouraged customers to spend more and boosted fees for the world's largest payment processor....
19:34, 07/24/2019

AT&T beats quarterly phone subscriber estimates AT&T beat Wall Street estimates for net wireless subscribers who pay a monthly bill as it grounded out some growth in a saturated market and continues to bundle media content from Time Warner into new wireless plans....
19:34, 07/24/2019

Josh Brown: Why 10 years of no returns may be a good thing for younger investors The "very best thing" that can happen to investors in their 20s, 30s and early 40s is another 10-year period of no returns in the S&P 500, expert Josh Brown says....
16:00, 07/24/2019

Nike 'Waffle Shoe' sells for $475,500, becoming the most expensive sneakers ever auctioned The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby's and sneaker marketplace Stadium Goods....
03:34, 07/24/2019

Biogen beats estimates on multiple sclerosis therapy sales Biogen reported a 72.4% rise in second-quarter profit, boosted by higher sales of its multiple sclerosis treatment Tecfidera and lower research and development costs....
19:51, 07/23/2019

Travelers profit misses as higher claims weigh on underwriting gain Insurer Travelers missed Wall Street estimates for second-quarter profit on Tuesday, as weather-related losses led to an 18% drop in underwriting gain....
19:51, 07/23/2019

Beyond Boeing: Airbus delivery delays to eat into JetBlue's growth JetBlue Airways says it will take a maximum of six Airbus A321neo planes this year, down from an expected 13, a delay that the airline expects to hit its growth in the coming months....
19:51, 07/23/2019

New tools can help turn your retirement savings into a steady paycheck Retirees face the same big dilemma: how to make their retirement savings last. New personalized tools aim to help identify which accounts to pull your money from and when....
16:00, 07/23/2019

Equifax settlement includes more free credit reports but that won't prevent fraud Free credit reports are a good thing, but checking on your file won't do anything to prevent fraud from happening. Here are tips to stop it before it occurs....
02:51, 07/23/2019

Parents, children disagree on when they'll be financially independent A recent survey identifies the key points at which young adults should hit key financial milestones. For many, those pressures can contribute to a quarter-life crisis....
02:51, 07/23/2019

This market is atypical, but people with a million dollars in stocks are fine with it Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account holders are not trading as if the bull market is anywhere close to over....
21:17, 07/22/2019

It is time we redefine financial success Reaching financial success may mean obtaining things such as home ownership or travel. However, you may want to consider broadening your definition in order to have true financial independence....
17:00, 07/22/2019

Nine in 10 workers miss this valuable retirement savings opportunity More companies are adding a Roth option to their 401(k) plans to let workers stash after-tax dollars for retirement. Financial advisors say this is a good way to maximize income and minimize your tax bill once you've retired....
16:34, 07/20/2019

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's why....
22:51, 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 its customers....
19:34, 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 ahead to avoid a coverage gap or missed deadlines....
15:17, 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 plans to reach....
15:17, 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 is so high....
19:17, 07/18/2019

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-host of MSNBC's Morning Joe....
12:34, 07/18/2019

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 to purchase, consumers commonly succumb to pressures to make impulse buys....
00:00, 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 leave families with another large tab....
19:00, 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 block states' attempts to get around a $10,000 cap on state and local tax deductions....
19:00, 07/17/2019

Why these shoppers regret their Amazon Prime Day purchases Amazon Prime Day is over, which means your buyer's remorse might be sinking in. But you're not alone. Here are some tips for what to do next, including course-correcting your finances....
15:17, 07/17/2019

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....
02:17, 07/15/2019

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 to strategize with your financial advisor or CPA....
16:00, 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 Representatives is set to consider a bill that addresses the problem....
20:17, 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....
16:17, 07/12/2019

Nike 'Back to the Future' sneakers expected to sell for over $50,000 at auction A rare pair of Nike "Moon Shoes" could fetch as much as $160,000 in an auction held by Sotheby's, which also features Marty McFly's famous self-tying sneakers....
13:51, 07/12/2019

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 it easier for mass affluent investors to give....
16:51, 07/11/2019

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 to prepare....
15:34, 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 through college. Young people need to understand debt; its benefits, its traps and how best to use it....
13:34, 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 a disaster....
01:17, 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 and brought the ethos of Swiss personalized service to an international platform....
23:51, 07/10/2019

How much would a wealth tax really raise? Dueling economists reflect new split in Democratic Party The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party's traditional academic elite and the darlings of the new left....
23:34, 07/10/2019

Why Pennsylvania is giving $100 to every baby born or adopted in the state Faced with an aging population and unfunded pension liabilities, Pennsylvania is trying to bump up the savings rate. One new initiative: investing $100 in every baby born or adopted in the state for families that open a 529 college savings plan....
16:34, 07/10/2019

Retirees may fare worse reinvesting their IRA or 401(k) withdrawals under the Secure Act The Secure Act would raise the age when you have to take required minimum distributions to 72, from 70½. By the time you're 89, a brokerage account holding those RMDs could have less in it than it would under current law....
20:34, 07/09/2019

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 should do....
00:34, 07/09/2019

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 whether or not you're able to reach that goal....
00:34, 07/09/2019

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 them....
20:17, 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 'father of the 401(k).'...
16:51, 07/08/2019

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 smoothly....
22:17, 07/06/2019

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 discussion. This roundup shows where the leading candidates stand....
22:17, 07/06/2019

Tutankhamen sculpture sold for $6 million despite Egypt's outcry A 3,300-year-old sculpture of Tutankhamen's head sold for almost $6 million at auction, defying calls from Egyptian authorities for the artifact to be returned to its native country....
13:17, 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 eager to unload inventory....
16:34, 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 on how to protect yourself....
21:17, 07/03/2019

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 before buying one....
21:17, 07/03/2019

Here's one reason why Americans abroad want to surrender their citizenship Americans residing abroad say that tax complexities are making them rethink their U.S. citizenship, according to a survey from Greenback Expat Tax Services....
21:17, 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 seen a client make....
19:17, 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 banking market: relevance and efficiency....
00:34, 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 outcomes....
22:00, 07/02/2019

When an advisor has to deliver some bad news to a client We asked nine financial advisors, including eight members of the CNBC Digital Financial Advisors Council, what was the worst news they ever had to tell a client....
20:17, 07/02/2019

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 them to prove their graduates were able to repay their loans....
19:51, 07/01/2019

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 fear of a job loss, high medical bills and fear of a recession....
15:17, 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 Americans believe the value of a college education is tied to whether they have to go into debt to pay...
15:17, 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 habit by leaving your credit card behind and being mindful of retail tricks....
15:17, 07/01/2019

Here's the best financial advice these 10 advisors ever received Financial advisors are used to offering up advice on a daily basis. But what's the best tip they ever got? We asked members of the CNBC Digital Financial Advisors Council to share the most important financial insight they ever received....
15:17, 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 treatment and then for six months afterward....
20:34, 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 CNBC...
06:17, 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 less than 20 minutes....
17:17, 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 accessing that information online, which can hurt their retirement....
21:34, 06/27/2019

Here are the U.S. cities with the biggest share of 65-and-older workers A new analysis of Census Bureau data identifies cities with populations of 200,000 or more that have the highest percentage of older residents in the workforce....
17:00, 06/27/2019

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 better financial coverage through benefits....
01:17, 06/27/2019

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 "Regulation Best Interest."...
01:17, 06/27/2019

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." It is about time....
17:51, 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, you'll still have that option available....
17:51, 06/26/2019

Cuts to Social Security would hurt older, single women most of all The Social Security program is approaching insolvency, and the demographic to be hit hardest by any reduction in benefits will be women, who tend to earn less, claim benefits earlier and outlive men....
16:17, 06/26/2019

Cheerios maker General Mills stock tumbles after sales disappoint Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans eat its snacks....
15:17, 06/26/2019

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 cause....
10:00, 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 on Tuesday, claiming the agency is depriving them of student debt relief....
10:00, 06/26/2019

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 for mortgages....
16:34, 06/25/2019

Investors favor U.S. stocks amid political tensions overseas American investors are shying away from foreign stocks. The No. 1 reason they cite: concerns about political tensions between the U.S. and other nations....
19:00, 06/24/2019

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....
14:51, 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 into hard goods as investments?...
16:00, 06/23/2019

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 get federal refunds owed to them....
07:00, 06/21/2019

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 related itinerary changes for one of its ships....
16:17, 06/20/2019

Here's how advisors can help clients avoid common and costly Medicare mistakes Making the wrong Medicare decision can make health care, the biggest expense in retirement, even more costly. Help clients avoid these common oversights before it's too late....
17:51, 06/19/2019

Here's how advisors can recommend a life insurance policy in their client's best interest If you're making life insurance and annuity recommendations in the Empire State, you'll soon be required to act in your client's best interest. What you should know about this new rule....
19:51, 06/18/2019

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 candidates....
19:51, 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's Rick Santelli....
19:51, 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 in rental property to generate income....
15:17, 06/18/2019

Facebook co-founder supports giving cash to single moms in public housing with no strings The U.S. should provide monetary help to groups who have been "disproportionately discriminated against," says former Facebook executive Chris Hughes....
21:17, 06/17/2019

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's somewhere we can drive to....
16:17, 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 anchors and reporters for the best money advice they received from their dads....
18:17, 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 children about money....
18:17, 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 are five things that will keep you from making a clean break....
18:17, 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 student debt....
22:00, 06/13/2019

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 impugn our field, you have no understanding of what it takes to create impactful learning....
17:51, 06/13/2019

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 has opted out....
01:34, 06/13/2019

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 free....
01:34, 06/13/2019

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 a SALT credit in return for making such a contribution would constitute a quid pro quo....
20:00, 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 President Trump and the Federal Reserve spar over interest rates....
17:51, 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 little more aggressively in stocks. Here's why....
16:34, 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 discipline, fire or not hire them and not the sole reason....
00:00, 06/12/2019

5 tips for advisors to consider before the stretch IRA dies out The Secure Act might be the nail in the coffin for a strategy that allowed owners of large IRAs to pass them onto heirs. Here's what advisors can do to help clients prepare....
19:17, 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 paid in to Social Security....
21:17, 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 retirement....
15:34, 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 what you should know....
19:00, 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 of people....
14:51, 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 trustworthiness to another....
05:34, 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 value for us, we want to help them," says CEO Dan Rosensweig....
04:00, 06/07/2019

This tax savings strategy for massive IRAs could be on the way out A provision in this new retirement bill could make it difficult for owners of large IRAs to pass on their accounts to non-spouse heirs. Here's what you should know....
18:51, 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 budgets, but some critics question how effective they actually are....
11:34, 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 security....
00:00, 06/06/2019

Campbell raises profit forecast on snack boost, shares up 10% Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%....
18:34, 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 treatments for diseases....
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 and size. However, there can be no one-size-fits-all option for this diverse demographic....
15:51, 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 $58,484 short of the all-time winnings record....
05:00, 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 become embarrassing....
05:00, 06/04/2019

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 to make sure it's adequate....
07:34, 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 where....
18:17, 05/31/2019

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's what you should know....
16:17, 05/31/2019

Here's how to navigate NYC's new cashless subway and bus option As of Friday, May 31, some New York City subways and buses will let riders tap a contactless bank card or their mobile wallet at some turnstiles to pay fares. Here's how to do it....
16:17, 05/31/2019

Take a look at the most expensive SUV in the world: the $1.9 million Karlmann King If you're looking to spend $1.9 million on a new vehicle, an Italian armored car based on a Ford F-550 chassis is probably not on your radar. Karlmann is trying to change that....
16:00, 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 goods from other countries and possible price increases....
13:17, 05/31/2019

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 at the discount retailer's stores....
21:34, 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 before the bell....
21:34, 05/30/2019

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 likes and understands. It's also important to be patient and have a long-term view, he says....
19:51, 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 borrowing....
00:00, 05/30/2019

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 findings from a survey by the American Institute of CPAs....
00:00, 05/30/2019

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's the only answer that makes sense....
19:34, 05/29/2019

Dick's Sporting Goods shares spike after earnings beat and outlook upgrade Shares of Dick's Sporting Goods jump after the sporting-goods retailer reports quarterly earnings that top analysts' estimates, and raises its full-year outlook....
17:51, 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 assets in the wake of a drop in ethanol prices and weak demand for its biomaterial products....
13:51, 05/29/2019

Advisors must weigh benefits and real dangers before offering this hot new tax play If you're a financial advisor, odds are that some of your clients have heard of qualified opportunity zone funds. Here's what you should know before recommending this tax-advantaged real estate strategy....
21:51, 05/28/2019

Climate change can pose big risks to real estate investments Climate changes pose big risks to real estate investments. The good news for REIT investors is that environmental, social and corporate governance-focused products are growing at a rapid clip....
21:51, 05/28/2019

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-turned-entrepreneur John Salley....
21:51, 05/28/2019

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 scour their tax return to accurately fill it out....
21:34, 05/25/2019

'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, host of NBC's "American Ninja Warrior," has some advice on how to overcome it....
21:34, 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 of cross-border business and who can leverage their retail or investment banking connections. Technolo...
15:51, 05/24/2019

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 legislation could be finalized and sent to President Trump for his signature....
19:34, 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. But nearly a third still lack savings to handle a $400 emergency expense....
19:34, 05/23/2019

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 dangerous areas. Here's what help's out there to aid troops in managing their money....
17:17, 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 valves and stents....
14:17, 05/23/2019

Best Buy posts solid second quarter earnings on rising demand for wearables Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services....
14:17, 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. “Then, decide.”...
21:17, 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 their strong earnings....
21:17, 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 consider....
21:17, 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 agreed on a solution....
21:17, 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 trying to make it easier....
21:17, 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 unexceptional....
21:17, 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 are five that moved us....
21:17, 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 commercial real estate....
21:17, 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....
21:17, 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 is a bit of good news.”...
21:17, 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, according to expert Jonathan Clements....
18:17, 05/22/2019

Celebrity surgeon went 'all in' on $180 million Bel Air mansion, then came the high-end housing glut The high-end real estate market is suffering, with a glut of overbuilt and overpriced mansions in many of the country's most affluent ZIP codes....
17:17, 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 North Face....
15:34, 05/22/2019

Financial advisors are more stressed out than their investor clients, study finds A recent survey found that financial advisors are more stressed out than their investor clients. Asked to evaluate stress levels in their lives, 71% of advisors said they experience moderate or high negative stress, compared to 63% of investors....
15:00, 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, according to Deutsche Bank research....
12:51, 05/22/2019

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 restrictions put in place by the U.S....
18:17, 05/20/2019

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 is estimated at $40 million....
17:51, 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....
17:51, 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 rate. Professional advice can help....
17:51, 05/20/2019

You can use Jack Bogle's investing strategy and keep a socially responsible focus The traditional S&P 500 index fund may not work for you if you want to invest with environmental or social causes in mind. But themed index funds might be worth a second look....
17:51, 05/20/2019

Younger generations say 'I don't' to high-cost engagement rings Most younger millennials and members of Generation Z still plan to get married. But many do not expect those vows to come with expensive bling and their parents footing the bill....
17:51, 05/20/2019

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 the Great Recession of 2008....
16:00, 05/18/2019

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 allocation toward cash during the first three months of 2019....
18:34, 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 way, young people will enjoy a great education with less debt and better financial outcomes....
17:17, 05/17/2019

Deere blames escalating trade war for worsening outlook An escalating trade war between the U.S. and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere's equipment....
15:17, 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 to begin....
19:34, 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 didn't....
14:34, 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 indexed annuity to an investor....
15:00, 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 benefit just a handful of people. Rather, it was used to positively impact the U.S. economy overall....
15:00, 05/15/2019

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 and president of Bone Fide Wealth, discusses where to begin....
02:34, 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 those fixed income investments....
02:34, 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 for retirees....
02:34, 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-for-streaming services helped drive up profit....
01:17, 05/15/2019

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 prostitution....
02:17, 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....
21:17, 05/10/2019

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 transfer to a four-year school need to plan early....
19:51, 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 market leaders, Societe Generale is now the fifth largest employer in Luxembourg’s thriving and business-o...
16:00, 05/10/2019

Royal baby Archie faces a complicated tax situation As an American living overseas, Archie Harrison Mountbatten-Windsor, the newborn son of Prince Harry and Meghan Markle, will have to navigate complex tax rules....
14:51, 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 a life of prosperity and build wealth, having the right investing skills is the key....
14:51, 05/10/2019

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 gaining a foothold....
21:17, 05/09/2019

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 your money....
21:17, 05/09/2019

Strategies: 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 unexceptional....
17:34, 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 through this transition with proper planning and be glad they made the change....
17:34, 05/08/2019

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, according to a study from Nationwide Retirement Institute....
17:34, 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 production network in Europe....
14:17, 05/08/2019

Toyota operating profit growth to drop this year on revenue slip Toyota Motor forecast lower growth in operating profit for the current year on an expected drop in revenue and weaker vehicle sales in Japan and North America....
14:17, 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 customers from going to larger rivals....
14:17, 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 dollar,....
16:00, 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 profit since the financial crisis....
12:51, 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 become a pure-play Permian basin producer....
12:51, 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 retirement plans....
22:17, 05/06/2019

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 stop working given the higher costs of health care and housing....
22:17, 05/06/2019

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 you....
22:17, 05/06/2019

'American Ninja Warrior' host Akbar Gbajabiamila's money secret: 'I think like a poor man' 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 still carries with him today....
22:17, 05/06/2019

'I could actually plan my life': What student debt forgiveness would mean for borrowers When Elizabeth Warren released her sweeping student loan forgiveness proposal, many borrowers imagined how their lives would transform with less debt....
16:00, 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 trying to make it easier....
16:34, 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 be relied upon, one that is on sound financial footing....
14:34, 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 volumes in North America....
14:34, 05/02/2019

Happily indebted after: Millennials go broke over the bachelor party When it comes to the cost of attending a wedding, being there for the big day is only a fraction of the overall expense. Guests run themselves into the red as they try to attend pre-wedding festivities....
19:17, 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 need to know to make it a smooth transition....
03:51, 05/01/2019

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 corporate America....
19:00, 04/29/2019

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 Achievement and Citizens Bank....
16:00, 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 its premium service....
13:51, 04/29/2019

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 consistent straight talk?...
22:00, 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.P.A. said....
22:00, 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 millions haven’t looked....
22:00, 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....
22:00, 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 will take a while....
22:00, 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 their strong earnings....
22:00, 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 consider....
22:00, 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 agreed on a solution....
22:00, 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 action toys, putting the company's shares on track for their best day in more than two decades....
22:00, 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 ads....
22:00, 04/28/2019

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 editor-in-chief Kevin Delaney...
20:34, 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 experts break down what it means for the future of the admissions process....
20:34, 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, according to a settlement notice....
20:34, 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 and lawsuits still dogging the company....
20:34, 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 Economic Co-operation and Development (OECD)....
20:34, 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-foot-long body, 21-inch skull and serrated teeth....
20:34, 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 monetary policy and stocks surge, an E-Trade survey finds that the wealthy expect the rally to continue....
20:34, 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 management expert Suzy Welch says you don't need to be an expert to win big....
20:34, 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 nature of the inquiries are unclear....
20:34, 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 more than the IRS tax calculator to get the most accurate results....
20:34, 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 program's finances and expand its benefits....
20:34, 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, similar to a Roth IRA, it's completely and utterly tax-free....
20:34, 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 Security Administration can help solve that. But other experts are not so sure....
20:34, 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 in order to bring on young clients who are still accumulating wealth....
20:34, 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 money?...
20:34, 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 kids say they've compromised their retirement savings for them, Bankrate.com found....
20:34, 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 situation....
20:34, 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 dream school? Here's what to do next....
20:34, 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's what changed for taxpayers post-tax reform....
20:34, 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 – so why has he given it up to become CEO of beleaguered Australian wealth manager AMP, a place so t...
18:51, 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 communication, catering to clients’ philanthropic demands, boosting fee transparency and finding ways to a...
18:51, 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 unit (SGPB)....
18:51, 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 from their predecessors. That is a great opportunity, but it requires private banks to be nimble, th...
18:51, 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 of our dialogue with them.”...
18:51, 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 main commercial hubs in search of untapped profit and potential in second-tier cities....
18:51, 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 distilled essence of five decades of innovation and change. We look at how private banking has evolved, and...
18:51, 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 Swiss banks – and trying to get into their inner sanctums. The last two decades have seen the evolution...
18:51, 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 region; those that didn’t leave are settling into a more mature industry, but they are a long way fr...
18:51, 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 shifted not just UBS but the whole private banking industry to a model of professionalism....
18:51, 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 interior. It’s a remarkable initiative taken up by 200,000 farmers and shows what can be done with low-...
18:51, 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 private banking and how far regulation can go in curtailing misconduct....
18:51, 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 market to the whole investment industry....
18:51, 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 billionaires in the region has soared....
18:51, 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 country....
18:51, 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 transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just i...
18:51, 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 see the importance of having humans and technology work together....
18:51, 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 still getting bigger and are confident they have the right model – but as they struggle to maintain qua...
18:51, 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 as global and regional awards....
18:51, 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 growth industry sectors of technology and biotech and the expanding markets of Asia. New tech will let ...
18:51, 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 customer service and the notion that each App Must Have the Warmth of the Human Touch!...
18:51, 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 – what will it look like in another 10 years? Maybe more like Bank of America or JPMorgan…...
18:51, 04/28/2019