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More investors are betting against electric-car maker Tesla than any other U.S. stock, new data show. The dollar amount of shares shorted on Tesla increased 28 percent in the last month to $10.7 billion, according to S3 Partners. The percentage of Tesla’s available stock currently sold short exceeds 25 percent, according to FactSet. “Tesla, which
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People carry different “money scripts,” or financial beliefs, said Edward Horwitz, director of financial psychology programs at Heider College of Business at Creighton University. An individual’s past experiences with money are what shape these attitudes, which then inform their financial decisions and behavior throughout their life. Perhaps a person watched as half their 401(k) plan
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In that legislation, the CFPB was created as an independent consumer-protection agency. However, critics say its structure has allowed the bureau to be an overzealous regulator with no oversight. Consumer advocates, however, point to the more than $12 billion returned to wronged consumers under Mulvaney’s predecessor, Richard Cordray. Since Mulvaney took over, $92.6 million has
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For the first time this year, companies are required to report the compensation for their median employee, and a ratio of that figure compared with their CEO’s. The regulation has been criticized for lacking a specified measurement methodology, making comparisons between companies next to meaningless. For example, the company on Equilar’s list with the widest
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Disney’s latest new superhero movie franchise is performing better than a top Wall Street firm ever imagined. J.P. Morgan raised its fiscal second-quarter earnings-per-share estimate for Disney shares to $1.68 from $1.57. The increase is “primarily due to the much stronger-than-expected performance of Black Panther,” analyst Alexia Quadrani wrote in a note to clients Wednesday.
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Once an entrepreneur’s new business venture is up and running, a well-constructed financial plan should be put in place to meet personal goals. An entrepreneur’s financial plan differs in many ways from one for a non-entrepreneur. How entrepreneurs compensate themselves — via wages or profit distributions — impacts what they pay in Social Security and
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Short-term bonds. Consider a diversified portfolio of short-term bonds or, for investors in a high tax bracket, short-term municipal bonds. Short-term bonds pay higher interest rates than money markets or CDs. In addition, they will typically lose very little principal relative to longer-term bonds should interest rates go up. Fixed annuities. Fixed annuities currently guarantee
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Check out the companies making headlines before the bell: General Electric – In a new report, Cowen recommends avoiding GE stock ahead of an upcoming restatement of earnings and its first quarter report scheduled for Apr. 20. Cowen feels a first-quarter earnings miss is “probable,” and doesn’t feel the already-cut dividend is necessarily safe. Facebook
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A measure of Australian consumer sentiment eased slightly in April as worries about the future for family finances just managed to offset optimism about the economic outlook. A Melbourne Institute and Westpac Bank survey of 1,200 people published on Wednesday showed its index of consumer sentiment dipped 0.6 percent in April, from March when it
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The total number of high profile investors and venture capital funds continues to increase in 2018 – a trend Space Angels traces back to 2009. Andreeseen Horowitz and Accel Partners are the latest Silicon Valley funds to back space ventures, with the former investing in satellite start-up Astranis and the latter funding World View. Jeff
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Considering that many families spend more than 100 percent of their income after taxes on monthly expenses alone, personal finance site GoBankingRates measured how long $1 million in savings would last in cities across the country by comparing average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care. Dollars
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These breaks are best because they’re accessible to all filers, regardless of whether they itemize. Health savings account: If you’re eligible, make a tax-deductible contribution to your HSA by April 17. HSAs have a triple-tax benefit: Contributions are either tax deductible or pretax, savings grow on a tax-free basis and users can make tax-free withdrawals
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During these recent management changes, there has also been intense pressure on Paul Achleitner himself, who has appointed three new chiefs during his tenure. On Monday, Hans-Christoph Hirt, the head of Hermes Equity Ownership Services at Hermes Investment Management, told CNBC’s “Squawk Box Europe,” that Achleitner has a number of questions to answer. Hermes Equity
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