And he’s not alone, 85 percent of student loan borrowers say difficulty in saving has delayed their ability to buy a house, according to the National Association of Realtors. “It’s challenging with student loans to be able to put together $40,000,” said Grant Simmons, vice president of search marketing for Homes.com. (The median home price
Month: March 2018
SpaceX succeeded in its sixth launch of 2018, putting the fifth batch of Iridium NEXT satellites into orbit using a previously-flown Falcon 9 rocket. Launched Friday from the central coast of California, Elon Musk’s rocket company has now put up 50 Iridium satellites for the next-generation constellation. The space company failed, however, to catch the
Tech shares have been leading the broader U.S. stock market higher for more than a year. Over the past 12 months, the S&P 500 technology sector is up more than 25 percent. In that time, the S&P 500 has gained more than 10 percent. However, tech has come under pressure following a slew of negative
Young adults who discussed money with their parents are even more likely to have a budget, more likely to have an emergency fund, more likely to put 10 percent or more of their income toward savings and more likely to have a retirement account, T. Rowe Price said. Still, when it comes to adulthood, 64
SpaceX began its launch Friday morning from the central coast of California, in an attempt to send Iridium NEXT satellites into orbit on a previously-flown Falcon 9 rocket. Elon Musk’s rocket company live streamed part of the launch from Vandenberg Air Force Base. The mission is currently still in progress. The space company will attempt
Tesla’s big stock drop this month will have negative implications for its ability to raise critically-needed funds, according to Wall Street analysts. The company’s shares declined 22 percent in March on concerns over a fatal car crash in California last week and worries over its Model 3 production rate. Tesla’s 5.3 percent bond, issued last
The New York Stock Exchange (NYSE) is in talks to acquire the Chicago Stock Exchange, the Wall Street Journal reported on Friday citing sources. Chinese-led North America Casin Holdings was previously trying to acquire CHX Holdings, the parent company of the Chicago Stock Exchange, but the deal collapsed in February after it was rejected by
M&A volumes doubled in Europe in the first quarter, while the United States was up 67 percent and Asia was up 11 percent. “The better macro-economic environment in Europe has created greater confidence to get things done. Deals that have been in the works for a long time are now coming to fruition and some
The Chinese government had talks about possibly financing the world’s most ambitious investment project, SoftBank’s $100 billion bet on the future of technology known as the Vision Fund. China’s largest sovereign wealth fund, the China Investment Corporation, last year spoke with the Vision Fund about making an investment, according to five people with knowledge of
Japan’s industrial production rebounded in February from a large decline in the previous month and companies forecast further gains in coming months in a sign that factory output is back on the path toward expansion. Factory output rose 4.1 percent in February from the previous month, less than economists’ median estimate of a 5.0 percent
HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate, becoming the fourth major bank to settle. The preliminary accord with “over-the-counter” investors that transacted directly with banks on a panel to determine Libor, or the London Interbank Offered Rate,
As of their Thursday close, Humana had a market value of about $37 billion, according to FactSet. Shares of the insurer have surged 30 percent in the past year, while Walmart shares have jumped more than 25 percent. The news comes amid a rush of deal chatter as insurers are under pressure to lower medical
Bill Simon, former Walmart US CEO, said Congress should look into splitting up Amazon. “They’re not making money in retail, and they’re putting retailers out of business,” Simon told CNBC. He said the e-commerce giant has operated its retail segment at a loss for decades, subsidizing the retail portion of its business with profits from
Thousands of brick-and-mortar stores are set to close this year, but others will open, just not where you might expect, analysts say. “There are always winners,” said Jan Kniffen, chief executive officer of J. Rogers Kniffen World Wide Enterprises, a retail consulting firm. But, he said, those winners won’t be found in the mall. “If
The political sparring between Washington and Beijing hasn’t dampened the interest of Chinese companies wanting to list shares in the U.S. Chinese initial public offerings in the U.S. accounted for about a fifth of U.S. IPO proceeds in the last three months, their best quarter by proceeds in three years, according to Renaissance Capital. The
New Jersey’s $78 billion state pension has sold its $1.9 million stake in the firearm and ammunition maker Vista Outdoor and may try to engage weapons makers and retailers to push for “positive change” in their business practices. The move comes just weeks after a state senator, Vin Gopal, introduced legislation to bar the state
Issuance of securities backed by riskier US mortgages roughly doubled in the first quarter from a year earlier, as investors lapped up assets blamed for bringing the global financial system to the brink of collapse a decade ago. Home loans to people with scratches and dents in their credit histories dwindled to almost nothing in
Despite General Electric shares rising the most in a single day in nearly three years Tuesday, the embattled industrial conglomerate ended the first quarter as the worst performer on the Dow Jones industrial average. GE stock dropped more than 25 percent in the first quarter, dropping nearly twice as much as Procter & Gamble, the
Cryptocurrency ripple is the worst performer among the top digital currencies by market capitalization as the first quarter comes to a close. The entire sector has taken a hit this year due to regulatory concerns and an advertising crackdown. Total market capitalization for cryptocurrencies has fallen by more than 50 percent in 2018 so far,
Piper Jaffray analyst Mike Olson told CNBC that despite the recent downtick in Netflix’s stock price, his bullish thesis remains unchanged. “Netflix has gotten caught up in the broader technology downdraft, but there’s nothing we’ve seen that causes us to have any concern on company fundamentals,” Olson said in an email. “In fact, our most
World View | Steven Meckler World View conducted its inaugural Stratollite launch from Spaceport Tucson on Sunday, October 1st, 2017 World View intends to use what it learns from Stratollite to launch people in another balloon-lifted craft called Voyager. “We will be flying people in the future but I’d like us to have 100 or
With the Mega Millions jackpot swelling to at least $502 million for Friday night’s drawing, many ticket holders likely are daydreaming about what they’d do with that kind of money. They also should be thinking about how they would protect their identity if they win big. Experts say it’s the most important step to take
U.S. stocks underperformed emerging markets stocks, which was the only one among the three major regions — U.S., developed markets ex-U.S. and EM — to turn in positive performance as of Thursday, but even emerging markets barely eked out a gain, up about one half of 1 percent. Developed markets outside the United States were
“The best use for an HSA is the healthy, wealthy person who leaves their HSA untouched until retirement,” Benz said. “They’re the ones who will benefit the most tax-wise.” The key to this strategy is having the funds to do it, according to Roger Ma, founder and financial planner at lifelaidout in New York. Savers
Chipmakers just fell into a correction and their tumble has market watchers split on whether the one-time favorites of the technology sector have any value left. To Boris Schlossberg of BK Asset Management, the sector could be a strong buy after its swift decline. “They got hit because of China concerns, obviously, and also because
When Bugatti launched its Chiron supercar in 2016, it said it would do an official speed test in 2018. The expectation was that the Chiron, priced at $3 million, would set a world record. After all, Bugatti’s previous model, the Veyron, proudly set the top-speed record for a production car at 267.8 mph. Bugatti made
Bitcoin dropped Thursday, bringing losses for the week so far to about 17 percent. The largest digital currency by market capitalization fell 7.6 percent to a low of $7,331.52 before recovering to near $7,400, according to CoinDesk’s bitcoin price index. That brought the quarter-to-date decline to more than 45 percent. Ethereum, the second-largest cryptocurrency by
The “long knives” have been drawn for Facebook after a slew of criticism over its data privacy practices, CNBC’s Jim Cramer said Thursday. Cramer was particularly surprised by Apple CEO Tim Cook‘s recent comments about Facebook’s data leak. Cook criticized the social media company during an interview Wednesday with Recode’s Kara Swisher and MSNBC’s Chris
In the last two days, Tesla shares have fallen 15.3 percent. Such a two-day loss has occurred only six times since the electric car maker’s IPO in 2010. A week after those losses, it returned an average of 3.96 percent, trading positively about 67 percent of the time, according to Kensho, a hedge fund analytics
“In our view, this ship has already sailed. Amazon has been charging sales tax to customers — for its 1P [first party] sales – in all the 45 states that have a statewide sales tax,” Deutsche Bank analyst Lloyd Walmsley wrote in a note to clients Wednesday. “In a way, we think charging sales tax
- 1
- 2
- 3
- …
- 15
- Next Page »