A UN report from earlier this year alleged that North Korean banks and firms have maintained access to international financial markets through a network of Chinese-based front companies. Coal exports from North Korea have since been stopped under UN sanctions, and the UN Security Council (including China) unanimously agreed further sanctions last Saturday. The most
Shoppers are buying six-month food supplies wrapped in military-grade Mylar pouches, and kits filled with duct tape, food bars and an air-filtration mask. Some companies that specialize in selling items to people planning for the worst — so-called doomsday preppers — say they have had a bump in sales this week, after tensions rose between
Before you buy a third-party travel insurance policy, check to see if you already have some protections through other sources. For example, a homeowners or renters insurance policy may cover your belongings away from home, said Worters — helping alleviate worries about theft or lost baggage. Travel insurance is also a common perk for credit
The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on its way to multiplying its value fourfold this year. Bitcoin hit an all-time high of$4,225.40 early Sunday before slightly paring those gains to trade near $4,000, according toCoinDesk. The digital currency has now quadrupled in
Lu, a Chinese national on a business visa, described himself as a “net engineer”, according to the police document filed in court. He had no involvement in the meat export industry and earned 60,000 yuan ($9,000) a year in his home country, he told police. Lu said he met another Chinese man while grocery shopping
On Friday, a lucky winner in Illinois took home the $393 million Mega Millions jackpot. The winning numbers for Friday’s drawing were 23, 33, 53, 56 and 58, plus Mega Ball 6. The $393 million jackpot was the fifth largest in the game’s history, and the second largest awarded to a single ticket. Of course,
This week’s stock market’s tumble may signal a much bigger downside lies ahead. Technician Scott Redler is noticing an ominous trend in the charts that could temporarily pull the S&P 500 Index down by three to five percent. “We could be at a short-term top,” T3Live.com’s chief strategic officer recently said on “Futures Now.” Redler
Mark Dougherty makes a few thousand extra bucks a year as a hired driver for people who need to get their cars and moving trucks across the country. The retired 70-year-old charges $10 per hour driving time and uses Google maps to estimate his fee, plus expenses like one-way plane tickets, gas, lodging and meals.
Carlos Barria | Reuters President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. President Donald Trump will call on Monday for his chief trade adviser to investigate China’s intellectual property practices, website
When it comes to investing, Cramer always says investors must have two discrete places for their cash. The first is a retirement portfolio, which is more conservative and should be invested through a tax favored vehicle like a 401(k) or an Individual Retirement Account. The second is a discretionary or “mad money” portfolio. This is
Jim Cramer loves the public school system, but the truth is that it cannot be relied upon to teach children about money. “If you want your children to become fluent in the language of finance, you are going to have to do it yourself,” the “Mad Money” host said. That means not waiting until after
People are blaming this week’s market sell-off on rising tensions with North Korea, but it has “nothing to do with North Korea,” Canaccord Genuity’s chief market strategist Tony Dwyer said. “This is all about a market looking for an excuse to sell off with a ‘natural, normal and healthy correction,’ which is only that way
Jim Cramer has not recommended bonds ever since the 2008 financial crisis because interest rates have been so low. But that does not mean that there is not a place for bonds in a portfolio. In fact, he says they play an essential role in investing, especially as investors get older. “In general, for the
President Donald Trump‘s pledge to “Make America Great Again” requires nothing less than reigniting economic growth and prosperity. Wealth creation is essential. Yet as Congress pivots to tax reform — which is crucial to the wealth creation that will put the nation back on the prosperous path — the president can take matters into his
Unless you are born with a silver spoon in your mouth, accruing wealth does not come easily, which is why Jim Cramer is so passionate about helping investors find a viable financial strategy. “Thanks to the magic of compounding, the earlier in your life you start investing in the market, the bigger your long-term gains
Third Point’s Dan Loeb sold out of Snap shares in the second quarter, one quarter after buying the social media stock, according to a regulatory filing Friday. Snap’s shares have lost half their value since the initial public offering in March but they did get a temporary 21.5 percent bump up in May after first
Starboard Value made a quick buck on medical information site WebMD. The activist hedge fund run by Jeffrey Smith reported a new 425,000 share stake in WebMD for the second quarter ended in June. The stake was valued at around $24.9 million, according to Starboard’s quarterly regulatory filing, which is due about six weeks after
Tesla raised $1.8 billion, $300 million more than expected, in its first high-yield junk bond offering Friday. The yield of 5.30 percent was slightly higher than the original guidance of 5.25 percent. Earlier in the week, Elon Musk’s luxury electric car maker was expected to raise at least $1.5 billion to accelerate production of its
In an attempt to revive sales, J.C. Penney is focused on growing one category that many retailers are seen fleeing today: apparel. Penney’s reported on Friday that same-store sales in its apparel business underperformed during the second quarter, largely because of a “tough” environment for kid’s clothing. But Penney’s is forging ahead in rolling out
Biotech stocks are tracking for their worst month of the year, and one trader is betting on more misery. The iShares Nasdaq Biotech ETF, IBB, fell more than 3 percent in the past week, and if history is any indication, it could get a lot worse. Over the past 10 years, August has been the
Watch out, parents: Back-to-school season can easily put a four-figure dent in your budget. Parents of high school students can expect to pay an average $1,489 per child for school supplies and activity fees, according to the annual Huntington Bank Backpack Index. That’s a drop of $9, or less than 1 percent, from 2016. Parents
Corporate leaders are openly questioning what, if anything, the Trump administration will be able to do for business, given a lack of major action on his promises of corporate tax reform, new health-care policies and a tax on goods coming across the border. CNBC analyzed the latest round of earnings calls and found that while
Daniel Acker | Bloomberg | Getty Images Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas. The Federal Reserve’s key interest rate is getting close to a “neutral” level so the Fed should patiently wait for further evidence that inflation will rise before tightening policy again, Dallas Fed President Rob Kaplan said on
A British real estate agent that drew up a map of where to live in the U.K. to avoid “any nuclear impact from World War Three” has apologized for the stunt. Its publication comes as President Donald Trump ramps up rhetoric against North Korea, today saying that the U.S. military is “locked and loaded” should
Call it eclipse economics. When a large swath of America is bathed in midday darkness for a couple of minutes on Aug. 21, hundreds of cities in the path of the eclipse are hoping it will be a once-in-a-generation boost to local economies. Or it could be a dud, and a costly one at that.
J.C. Penney‘s stock was in free fall Friday after the besieged retailer turned in a mixed report for the second quarter. With earnings and same-store sales falling short of Wall Street estimates, Penney’s shares sank more than 16 percent shortly in early trading, at one point hitting a low not seen since at least 1972.
The NACS survey found that as students progress throughout their academic careers, they become savvier shoppers and are more likely to comparison shop at multiple sources to find the best deal. Sites like CampusBooks.com, BigWords.com and BookFinder.com, among others, track books for new, used and rental texts. When you’re comparing prices, make sure you’re looking
President Donald Trump‘s Washington hotel turned an unexpected profit in the first four months of the year, helped by charging higher rates than initially planned, according to reports in The Wall Street Journal and The Washington Post. The Trump International Hotel had a “nearly $2 million” profit in that period and recorded $18 million in
Engaged couples aren’t the only ones facing big wedding bills. Even as brides and grooms pick up more of the tab for their nuptials, parents are often still on the hook for a big part of the budget. In 2016, just 1 in 10 couples paid for their wedding entirely by themselves, according to The
“I’m supportive of this,” said certified financial planner Hans “John” Scheil, CEO and owner of Cardinal Retirement Planning in Cary, North Carolina. “The reality is that most people don’t have their 401(k)s properly allocated. And most don’t ever reassess where they stand.” Most companies (62.1 percent) in the Callan study have done a re-enrollment when