ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple, speaks in Brussels, on October 24, 2018. Apple CEO Tim Cook didn’t name names when he spoke out against the privacy practices of big tech companies during a keynote speech in Brussels last month. But he didn’t have to. “We shouldn’t sugarcoat the
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But few employees are taking advantage of Roth 401(k) plans. Just 18.1 percent of workers across all plan sizes had made an after-tax Roth contribution to their workplace plan in 2016, PSCA data shows. Nor are users putting much in. The average percentage of salary higher-paid employees defer to a Roth 401(k) is 4.8 percent,
As the economy strengthens, more workers nearing retirement age are feeling better about their economic prospects. That’s the good news. Still, many others are worried about their savings, or lack of savings, and how they will get by once they stop working for good. Overall, 85 percent of working Americans said retirement will be a
Katsoudas invited Burden to join her for a panel discussion about mental health at Cisco Beat, a monthly company meeting that can include up to 15,000 or more employees connecting remotely. Burden also shared her story on an internal forum and got almost 50 comments and more than two dozen emails. Her colleagues began stopping
Hotels from Maine to Hawaii and beyond, will offer up room deals to travelers. Some may be tied to loyalty programs, so it may be a good time to consider signing up. Maine’s Kennebunkport Resort Collection (KRC) will offer gift card bonuses on Cyber Monday. Buy a $500 gift card and receive a $100 resort
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. “These are more experienced investors, sitting tight and staying the course,” said Mike Loewengart, chief investment officer at E-Trade Capital Management. “Any near-term noise
After another week of roller coaster market action, investors may be looking at the balance in their 401(k) plan and wonder what they should do about their retirement savings. The volatility in the U.S. and global equity markets has led some “buy-and-hold” investors to make major moves in their retirement plans. Daily trading activity in
Still, there may be reasons for auto industry executives to relax a bit. On Friday, Chinese Commerce Ministry spokesman Gao Feng told reporters that “high-level contacts between the two sides on economics and trade have resumed following the November 1 conversation between the Chinese and American heads of state.” What, if anything, that might translate
Comcast Ventures had seen enough. Years of researching business models, seeing their own portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: it would no longer put money behind advertising-driven media companies no longer made sense. “Starting an ad-supported business is really, really
For U.S. homeowners, the bad news in 2018 has been mounting, with rates on the rise and swaths of the real estate sector turning into a buyer’s market. In some of the country’s hottest segments, price gains have cooled definitively, with prices slashed and turnover stagnating. The phenomenon has even been chronicled on Instagram by
Ryan was a recruiter at Amazon for more than three years. He said the best way to apply for a job at the company is on its careers website, and added that people should reach out directly to recruiters, as well. “Most recruiters, especially at Amazon, where you are competing against other Amazon recruiters, check
Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters. The plan describes sites that cover around 21 acres, some owned by
Google touts itself as having the best technology for sophisticated machine learning and artificial intelligence workloads. The company also created the Kubernetes technology for virtual containers, which enables developers to easily move around code between machines and clouds. But when it comes to the big storage and core computing contracts, numerous industry experts, venture capitalists
Gaming may be a massive industry, but lately, shares of top video-game publishers have been struggling, so much so that CNBC’s Jim Cramer decided to dig deeper on Friday and find the source of the weakness. Even with the triple tailwinds of the rise of the stay-at-home economy, the rise of e-sports and the rise
The breakdown in shares of Nvidia is a prime example of why investors should never fall in love with a stock, CNBC’s Jim Cramer said Friday as shares of the chipmaker hovered near their 52-week lows. The stock plunged as much as 19 percent after Nvidia’s third-quarter earnings report, which missed revenue estimates. Management’s guidance
Target Corp.: “I think that the sector has to go down because it’s part of the fact that the Fed keeps tightening. They go lower. I think Target’s doing OK, but I wouldn’t buy it till after it reported.” Wynn Resorts Ltd.: “No. Ever since [former CEO] Steve Wynn left, we left with it.” Tesla
Coca-Cola’s $5.1 billion acquisition of U.K. coffee chain Costa was less of an effort to take on giants like Starbucks than a move to create a new type of coffee experience, Coca-Cola President and CEO James Quincey tells CNBC. To Quincey, who joined Jim Cramer for an exclusive interview Friday, the coffee industry has split
Channing Dungey, the president of ABC Entertainment, has resigned. Karey Burke, the head of original programming for Freeform, has been chosen to head the company. She will be responsible for all development, programming, casting, marketing, business and scheduling for ABC prime time and late-night. Dungey was the first African American to lead a U.S. broadcast
The U.S. housing sector is falling apart, and the Federal Reserve is all but ignoring the damage as it prepares for what many expect to be three rate hikes in 2019, CNBC’s Jim Cramer warned Friday. “The housing sector’s a disaster,” Cramer said on “Closing Bell.” “We’re building about half the houses we did when
The Securities and Exchange Commission announced its first civil penalties on Friday against crypto founders who failed to register new coin offerings, part of a bigger regulatory and legal crackdown aimed at abuses and outright fraud in the growing digital currency industry. The SEC said it settled separate cases with start-ups companies Airfox and Paragon,
John Moore | Getty Images A cancelled flight waits in a snow storm at the Newark Liberty International Airport on November 15, 2018 in Newark, New Jersey. The early season storm caused flight cancellations throughout the northeast United States. Airlines cancelled over 1,900 flights around the country after winter storm Avery hit the Northeast stronger
But Lee is betting on a recovery. He told clients in a note Friday that even in the depths of a previous bitcoin bear market between 2013 and 2015, it “never sustained a move below breakeven.” “While bitcoin broke below that psychologically important $6,000, this has lead to a renewed wave of pessimism,” said Lee,
Homebuilder stocks are getting hammered. The group fell Friday for the sixth time in seven sessions, bringing the total year-to-date losses for the XHB, a popular homebuilder-tracking ETF, to 23 percent. While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others
Technology stocks were hurt by a “challenging earnings season” last month but that’s created a window of opportunity in both Amazon and Facebook, J. P. Morgan internet analyst Doug Anmuth tells CNBC. The two tech giants are Anmuth’s top picks for the coming year. “Amazon obviously took its lumps in [the third quarter] after earnings,”
In February, Pichai told analysts that the total cloud business, which includes applications for email, word processing and spreadsheets as well as public cloud infrastructure, was generating more than $1 billion in revenue per quarter and said that, based on publicly available data from 2017, was likely growing faster than any of its rivals. But
The findings come as other research points to abundant financial challenges for women in their golden years. Yet women are not letting that stop them from seeing this as a time of empowerment, according to Christine Russell, senior manager of retirement and annuities at TD Ameritrade. “[Women] have sacrificed for others throughout their lives, but
Chipmaker Nvidia was a major beneficiary of the crypto-boom last year. But by now, the party is over and the hangover is starting to set in. In its disappointing earnings report Thursday, Nvidia executives outlined a drop in revenue for the current quarter based on lack of demand for its gaming cards. Cryptocurrency mining had
Nvidia shares fell steeply after the chipmaker gave weak fourth quarter revenue guidance when it reported third-quarter earnings after the close on Wednesday. “After many years of near flawless performance, Nvidia finally stumbled,” Deutsche Bank said. Nvidia’s stock cratered 19 percent in trading, pushing the stock even deeper into correction. Nvidia had already fallen to
Matt Tremel Saxophonist, U.S. Navy The Education Department forgave Tremel’s $14,000 in student debt earlier this year. “I was ecstatic,” he said. His advice might sound a little cynical. “You can’t trust anybody who tells you something,” he said. For example, Tremel verified, via the Education Department’s website, all of the information he received from
Alternative lenders like PayPal overwhelmingly approve small business loans at higher rates — 56 percent compared to 26 percent approval rates by big banks, according to data from Biz2Credit. They do this using data a different way. Although banks have access to a small business’s deposits and bank accounts, they often can’t see the entire
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