Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters A dovish tilt from the Federal Reserve sent everything from stocks to bonds to gold rallying in unison, but stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs. And that feature
Americans for Tax Reform’s Grover Norquist told CNBC on Monday that Sen. Bernie Sanders’ plan to eliminate outstanding student loan debt in the country ignores the real problem of going to college. The Vermont independent’s legislation seeks to cancel $1.6 trillion in existing loans by taxing stock and bond transactions. Norquist took a jab at
Reverse mortgages are very misunderstood products Getty A few years back, I conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. In fact, respondents scored below 50 percent on a 10-question true-false quiz. One possible explanation for the poor performance is a lot of misinformation floating about.
For three decades, Paul Aris has been a financial and wealth management advisor. Janney Montgomery Scott For decades, I have worked in or with financial institutions, especially banks, identifying risks and finding ways to measure and mitigate them. Since early last year I have been advising my clients, that enough macro and credit data lead
Sidewalk Labs’ grand plan for its “smart neighborhood” on Toronto’s waterfront includes residential, commercial, and retail space. Courtesy of Sidewalk Labs After a year and a half of public hearings and criticism, Google sibling company Sidewalk Labs just unveiled its master plan to redevelop a stretch of Toronto’s waterfront with “smart” features like snow-melting roadways,
Bill Gates Gerard Miller | CNBC Microsoft co-founder Bill Gates says letting Google‘s Android platform become dominant was his “biggest mistake” at the company. The Windows desktop operating system has been a core piece of Microsoft through much of its 44-year history, but Microsoft has failed to win a leadership position in mobile operating systems. It
Bitcoin is closing in on its highest level in more than a year after soaring above $11,000 over the weekend. The world’s first and largest cryptocurrency hit a high of above $11,307.69 Sunday evening, bringing its one-week gains to more than 20%, according to data from industry site CoinDesk. Prices scaled back slightly Monday, and
Some of America’s billionaires have a message for the next President of the United States: tax us. Nineteen billionaires including George Soros, Abigail Disney, Chris Hughes and members of the Pritzker family released a bipartisan letter on Monday asking the 2020 presidential candidates to support a tax on the American families with the largest fortunes.
Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC There’s an up and coming company you may not know much about that’s gearing up to compete with Amazon in a big way… and Wall Street analysts’ believe it has a fighting chance. Last week, Canada-based Shopify unveiled its “shopper fulfillment network” a new service that will
Karen Simons Source: Karen Simons Karen Simons was out of the professional world for more than 20 years to raise her three children. Now she’s a financial planner at the investment advisory firm Yeske Buie. She made that change happen through a “returnship,” the grown-up version of a college internship that companies are increasingly offering