Wealth

Longtime hedge fund manager Stanley Druckenmiller says stocks would plummet if Bernie Sanders is elected president in the 2020 election. “If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now,” he said Friday on CNBC’s “Squawk Box. “ “The good news is we’d all be much
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Billionaire hedge fund manager Stanley Druckenmiller told CNBC on Friday that while the Trump administration’s tariffs may not appear that damaging on paper, their chilling effect on business sentiment could have an even greater impact on the economy and financial markets. “Animal spirits is something you can’t measure, but confidence matters,” he said on “Squawk Box.
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Adrian Weinbrecht | Getty Images It’s no surprise that your likelihood of divorce is somewhat based on your relationship with money. Money is the leading cause of stress in a relationship, according to data from Northwestern Mutual’s 2018 Planning & Progress Study. The survey of over 2,000 adults found that 41% of people said financial
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Economic optimism among young people is at record lows around the world, according to a new research. Deloitte’s 2019 Millennial Survey, published Monday, found that younger generations are not particularly satisfied with their financial situations, jobs, or governments. Researchers from the management consultancy surveyed 13,416 millennials across 42 countries and 3,009 Gen Z respondents across
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With 401(k) balances near all-time highs, retirement savers are probably feeling pretty good about themselves these days. The first part of this year saw record contributions, thanks, in part, to a strong stock market, according to Fidelity, the nation’s largest provider of 401(k) plans. Eventually though, savers will have to take distributions from those accounts.
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Amid concerns about trade wars and political dysfunction, the wealthiest investors are padding their cash cushions. Members of TIGER 21, a group of more than 600 individuals with at least $10 million to invest, increased their allocation toward cash and cash equivalents to 12% from 10% during the firstquarter, according to the group’s quarterly report.
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