1. Stock futures steady after Monday’s major Dow comeback A trader works on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters U.S. stock futures were pointing to a steady Wall Street open Tuesday after the Dow Jones Industrial Average closed erased an over
UBS will cut up to 500 private banking jobs as part of a plan to split up its wealth management businesses in a bid to speed up decision-making and strengthen regional units. An internal memo sent to employees on Tuesday by wealth management bosses Iqbal Khan and Tom Naratil set out plans to divide the
Eight months on a cruise ship — could you do it? For some, it’s an unimaginably long time at sea, while for others continuous cruising has become a way of life. For well-off and time-rich travelers, there’s a hunger not only for expeditions to novel, remote and less-accessible destinations, but also a growing interest in
David Solomon, chief executive officer of Goldman Sachs. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs is reorganizing its businesses to more closely resemble Wall Street peers and give its nascent retail banking operations its own category. The bank is now calling its four main segments global markets, investment banking, asset management and consumer
Collectively, Americans owe more than $1 trillion in credit card debt. After the holiday season, however, individual balances bumped up another notch. Americans, on average, racked up about $1,325 in holiday debt last month alone, according to MagnifyMoney’s annual post-holiday debt survey. Further, more than three-quarters of those polled said they won’t pay off their balances
John Buckingham, chief investment officer at AFAM Capital and editor of The Prudent Speculator, portfolio manager Jason Clark and senior research analyst Chris Quigley are industry-leading value investors. In MoneyShow’s Top Picks 2020 report, they highlight their favorite ideas for the coming year. John Buckingham, The Prudent Speculator Last year, we chose Citigroup (C), Target
The process of using funds from an existing annuity to purchase another annuity is commonly referred to as an annuity exchange. If the funds being used are non-qualified (i.e. not held in something like an IRA), then the exchange would be a 1035 exchange (so named for Section 1035 of the IRS Code, which governs
Photo: Getty A few years ago, it would have been difficult to imagine a real estate developer raising millions of dollars from unknown investors in minutes — site unseen, no questions asked. Now, it happens every day through numerous online real estate crowdfunding investment platforms. To give you a sense of the power of these
Carlos Ghosn, former chairman of Nissan Motor Co., sits in a vehicle as he leaves his lawyer’s office in Tokyo, Japan, on Wednesday, March 6, 2019. Takaaki Iwabu | Bloomberg | Getty Images As Nissan’s former Chairman Carlos Ghosn made his way from Osaka, Japan to Istanbul, Turkey in a private jet, the price of
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images China remains vague on how much the country will increase purchases of U.S. farm goods, considered a critical part of a trade agreement with Washington. Han Jun, vice minister of agriculture and rural affairs, confirmed to Chinese financial news