Ron Paul is warning this year’s corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within the next 12 months. “Once this volatility shows that we’re not going to resume the
Month: December 2018
Chesnot | Getty Images News | Getty Images Carlos Ghosn, Renault-Nissan CEO. Renault’s top executive has written a letter to Nissan urging a shareholder meeting, The Wall Street Journal reported on Sunday, citing the arrest of Carlos Ghosn in Tokyo last month as a “significant risk” to the car makers’ partnership. Ghosn was apprehended in
To all those who make the big decision to retire abroad, Cynthia and Edd Staton say, “Congratulations!” In 2009, a look at their battered retirement accounts made the Statons think hard about what their retirement might look like. They could stay in the U.S. where they’d lived all their lives, or they could find a
However, relief may be in sight. Chiavarone suggested next week’s Federal Reserve’s policy meeting could help calm the Street and act as a catalyst for a year-end rally — particularly if Chairman Jerome Powell confirms he’s moderating his stance on tightening interest rates. “We need to get a little bit of clarity on that. If
Currently, 47 states allow some form of CBD sales. The 2018 Farm Bill, which Congress passed this week, allows states to decide if CBD products made from hemp can be sold in their jurisdiction. However, it doesn’t protect the products from the Food and Drug Administration, which can penalize companies for making inaccurate health claims.
“Five years from now, we would expect that a majority of the states in the country would have free college tuition, and that would be a tipping point,” said Morley Winograd, the president and CEO of the Campaign for Free College Tuition. Last year, New York’s Excelsior Scholarship became the first in the nation to
A key issue for Harbeck was the purpose of these accounts. Robinhood’s brokerage accounts are covered by SIPC insurance, which protects up to $250,000 of cash in the case of a broker’s failure. But there is a big distinction from bank accounts, which are covered by FDIC insurance. Brokerage accounts are meant for customers to
The open enrollment period for people to sign up for health insurance next year through the Affordable Care Act ends Saturday in most states, and signups are significantly down from last year. While President Donald Trump didn’t repeal and replace former President Barack Obama‘s signature health-care law, more commonly known as Obamacare, he was able
When it comes to medical expenses, this is the time to pay extra attention to what lies ahead. If you’ve already met your health insurance deductible for 2018, you can save money by scheduling appointments and procedures before the end of the year — rather than waiting until 2019 when you begin a new year
President Donald Trump late Friday applauded a federal judge’s ruling in Texas that ruled former President Barack Obama’s signature health-care law was unconstitutional, and called on Congress to replace the current mandate with a new bill. U.S. District Court Judge Reed O’Connor of Texas issued the decision, declaring that key portions of the legislation were
A federal judge in Texas ruled on Friday the Affordable Care Act unconstitutional, potentially threatening health-care coverage for millions of Americans and setting up a new legal showdown over former President Barack Obama’s signature policy initiative. U.S. District Court Judge Reed O’Connor of Texas issued the decision, declaring that key portions of the legislation were
Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
The Fed may not be able to turn the tide for the stock market in the week ahead, but it could soothe some of the wild volatility that has been crushing stocks since October. The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman
The Children’s Place Inc.: “Children’s Place is in a bear market. There’s a big retail bear market going on. That quarter wasn’t that bad. This stock is now down 67 straight points. But I’ve got to tell you, it’s probably not done going down. But they are a good company, so if you want to
The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday. In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s Jim Cramer that “culture work
Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
On Friday, Reuters published a story charging that Johnson & Johnson knew back in 1971 that “its iconic baby power sometimes contained asbestos and failed to alert authorities.” The story also cited a Missouri court of 22 women who said their use of baby powder “caused them to develop ovarian cancer.” The stock market reacted
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on November 28, 2018 in New York City. The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — a level that is as much
Stocks in the financial sector had a tough day on Friday, falling into bear-market territory as a tumultuous week on Wall Street came to an end. Financials fell 1 percent on Friday, closing down 20.06 percent from a 52-week high reached in January. The decline was driven by a fall in bank shares amid worries
Johnson & Johnson lost $39.8 billion in market value Friday after Reuters said the company knew for decades that its baby powder contained asbestos, an allegation the company denied. J&J said the story was “one-sided, false and inflammatory” and an “absurd conspiracy theory,” according to a statement. Thousands of lawsuits have accused J&J’s talc-based baby
Reuters reporter Lisa Girion stands by her report that Johnson & Johnson knew for decades that asbestos was in its baby powder. “Our report on the fact that J&J was aware of small amounts of asbestos in its talc, in its baby power, in the ore that it mined in Vermont to make baby power,
Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter. Talks may still fall apart and a deal announcement isn’t expected soon, said the people, who asked not
Investors just pulled money out of stocks at a record pace and, if history is any indication, equities could struggle before recovering. Data compiled by the Lipper team at Refinitiv showed investors pulled $46.2 billion from U.S. equity mutual funds and exchange-traded funds between Dec. 5 and Dec. 12. This is the biggest one-week outflow
Justin Sullivan | Getty Images In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table in San Francisco, California. The plunge in Johnson & Johnson‘s stock price following a report suggesting the company knew about asbestos in its baby powder is overdone and “excessive,” Wells Fargo
Robinhood’s news this week inspired a Twitter debate over FDIC versus SIPC coverage. And the most vocal critics of the limitations of SIPC coverage were financial advisors. Jude Boudreaux, partner and senior financial planner at The Planning Center, was one of them. Without more detail on Robinhood’s accounts, Boudreaux said there’s “no way” he would
Education Secretary Betsy DeVos had sought to delay the regulation, but a federal judge ruled in September that her efforts were unlawful. In October, the judge denied an industry group’s request to postpone the rule as well, and ordered that the regulation go into effect immediately. More from Personal Finance:Strong economy could be your ticket
Trying to pull yourself out of student debt? You could spend less, earn more – or move to Newburgh Heights, Ohio. The 2,000-person town, less than 10 miles from Cleveland, is offering to help college graduates pay off their student debt. For struggling borrowers, don’t expect a quick fix. Here’s how it works: You need
Buyer, beware — that last-minute stocking stuffer from Amazon may not have earned its five-star rating legitimately. Amid the explosion of e-commerce, shoppers are turning to online reviews instead of ads to decide what to buy. Fifty-five percent of people always use online ratings and reviews to inform their purchase decisions, according to a Better
While stronger technology spending across Wall Street and a spell of innovation at Cisco have boosted the stock to post-recession highs, shares now look a little expensive, according to Normura Instinet. The brokerage downgraded Cisco’s stock to neutral from buy on Friday, arguing that the strong stream of IT purchases that has buoyed shares may
China on Friday reported industrial output and retail sales growth for the month of November that missed expectations, according to data from the National Bureau of Statistics, as the world’s second-largest economy started to show signs of slowing amid a bitter trade dispute with the U.S. Industrial output in November grew 5.4 percent from a
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