Home improvement shares jumped in early trade Monday as Tropical Storm Harvey continued to dump rain on Houston, Texas. Shares of Lumber Liquidators jumped 3.6 percent, while Lowe’s rose 1.2 percent and Home Depot climbed nearly 1 percent. Shares of power generator manufacturer Generac fluctuated after peaking 1.5 percent higher. The S&P 500 gained overall
Fraud is becoming a bigger threat to your retirement security — even if you think you’re too sharp to fall for a scam. One 2015 report estimated that older Americans lose $36.5 billion each year to financial scams and abuse. The problem is growing, and researchers say older adults experiencing cognitive decline are just a
Meanwhile, Roth IRAs offer a somewhat different approach, because the money you’re putting into the account is after-tax rather than pretax. Thus, once you own the account for five years, there is no limit or penalty on the withdrawal of the contributions you’ve put into the plan (though withdrawing any investment earnings does trigger tax
NOEL CELIS | AFP | Getty Images Philippine President Rodrigo Duterte attends the 115th Police Service Anniversary at the Philippine National Police (PNP) headquarters in Manila on August 17, 2016 Earlier, Duterte broke off midway through a prepared speech at the Hero’s Cemetery on the outskirts of Manila and addressed impromptu comments to Jovie Espenido,
There is no one in Silicon Valley who’s more connected than Reid Hoffman. That might be because he plays all of the connector roles—sometimes at once. Hoffman’s a venture capitalist, at Greylock Partners, and an entrepreneur who co-founded LinkedIn, selling it last year for $26 billion. (His net worth is estimated to be north of
Investors are slowing their roll around so-called unicorns, or privately held companies with a valuation of $1 billion or more on paper. According to a new report from PitchBook, only 17 U.S. companies have clicked over to unicorn status so far this year. In both 2014 and 2015 — the peak unicorn years — more
Daniel Acker | Bloomberg | Getty Images Moving boxes sit stacked outside of a home in Princeton, Illinois. The simplest way is to classify your belongings into four separate categories: keep, donate, dispose and sell, according to Pickett. “That starts to crystallize the process,” she said. She cautions those cleaning house to lower their expectations
Kevin Winter | WireImage | Getty Images Taylor Swift performs during The 58th GRAMMY Awards at Staples Center on February 15, 2016 in Los Angeles. Spotify says Taylor Swift has set a new global first day streaming record. The music delivery site said Saturday it had logged more than 8 million same-day streams for her
The most simple and reliable chart pattern out there is one that Jim Cramer dreads. Unfortunately, Cramer learned not to ignore the head-and-shoulders pattern the hard way when his charitable trust bought Alcoa — which spun off its aluminum business in November 2016 under the name Alcoa and is now known as Arconic — in
Technicals and fundamentals are Jim Cramer’s key tools for determining when a stock is ready to explode. “Typically, when a stock gets overbought, it is ripe for a pullback because overbought stocks, ones with many buyers reaching to take in supply, tend to snap back after they have gotten too far away from their longer
European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business leaders, warned about demographic challenges to growth. The euro spiked 1 percent to a high of $1.1940, its highest against the U.S. dollar since January 2015 after Draghi’s initial remarks. “The global recovery
The path of the Hurricane Harvey is putting Texas agriculture at risk. The Lone Star State leads the nation in cattle and cotton production, and rice also is a major ag crop. All are vulnerable with the approaching storm. At the same time, Harvey is expected to delay agricultural export activity as it will interrupt
As a boy, Bill Ceno dreamed of owning a Porsche. His parents bought him model cars. He obsessed over the 1960s cartoon “Speed Racer.” And in his spare time, he drew pictures of sports cars. By age 24, he had bought the real thing: a 1978 Porsche 933 Turbo. It was 1985, and he drove
Britain said on Friday it had received the additional advice it had requested on Rupert Murdoch’s bid to buy broadcaster Sky, and it would decide whether to refer the deal for an in-depth review as soon as possible. Regulator Ofcom was asked to look again at the deal earlier this month after opponents lobbied Minister
Russian aluminium giant Rusal reported a 48 percent rise in second-quarter core earnings on Friday due to a higher aluminium price, and pointed to a positive outlook for the second half as supply in China tightens. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $510 million from $344 million in the same quarter
Finally, Cramer spoke with Rick Bergman, the CEO of Synaptics, a company that develops interface solutions like displays, touchpads and fingerprint sensors. “Some of the key cycles are really in our favor,” Bergman told Cramer on Thursday. “There’s a big transition ongoing in the smartphone market around new display types, and over the last several
For 53-year-old Mavis Wanczyk, the newly minted winner of Wednesday night’s $758.7 million Powerball jackpot drawing, life is about to get crazy. And that might be putting it mildly. “She better get ready. She’s going to be hit up for investment opportunities, charity requests, even people she knows are going to come to her,” said
Fidelity’s calculations include premiums, cost-sharing provisions and out-of-pocket costs associated with Medicare parts A, B and D — but does not include other health expenses such as over-the-counter medications, dental services and long-term care. “Estimates are calculated for ‘average’ retirees, but may be more or less depending on actual health status, area of residence and
The Treasury Department said that 30 percent of high-end real estate deals that were subject under a new watchdog program involved people who had been targeted by the government for “suspicious activity” and potential money laundering. Treasury this week expanded and extended a program targeting luxury real estate deals in New York, Miami, Los Angeles
Sears shares moved sharply higher Thursday after the department store reported making progress toward stabilizing its business. The stock was 7.9 percent higher shortly after market opened. Earlier Thursday, Sears reported a narrower-than-expected loss but said sales continued to erode. The retailer posted a double-digit decline in comparable sales for the second quarter, citing a
Shares of J.M. Smucker and Hormel Foods fell sharply Thursday after weaker-than-expected earnings as consumers continue to turn down packaged foods in favor fresher offerings, especially as Amazon prepares to take over organic grocery chain Whole Foods Market. Shares of Smucker slid nearly 9 percent while shares of Hormel fell 5.3 percent in afternoon trade
Mike Segar | Reuters Serena Williams of the U.S. runs to chase down a return from Roberta Vinci of Italy in the third set during their women’s singles semi-final match at the U.S. Open Championships tennis tournament in New York, September 11, 2015. Like most superstars, a successful career has allowed Serena Williams to indulge
Dollar Tree reported better-than-expected quarterly profit and comparable sales, helped by lower costs and discounts as well as a 1 percent rise in same-store sales at its Family Dollar business. Shares of the biggest U.S. dollar-store chain operator rose 9 percent to $81.04 in premarket trading on Thursday after the company raised its profit and
However, the UBS report says the 3 percent knock to earnings is not disastrous as euro zone company earnings are up strongly this year. “Additionally, there have been periods in the past of euro strength coinciding with decent European eps as it can signal a stronger domestic economy. Consensus estimates for 2017 EPS growth, currently
A lucky winner in Massachusetts is taking home the $758.7 million Powerball jackpot. Experts typically advise lottery winners to take their time before claiming the prize, and to stay anonymous if possible. But Mavis L. Wanczyk, a 53-year-old hospital worker from Chicopee, Mass., stepped forward Thursday to claim her prize — the largest individual win
Tiffany reported bigger-than-expected quarterly profit and sales on Thursday, helped in part by higher demand for its fashion and designer jewelry in Japan and lower input costs. Sales at established stores open for more than a year fell 2 percent, steeper than the 1 percent fall expected by analysts polled by research firm Consensus Metrix.
Carl Court | Getty Images A Banksy artwork opposite the French embassy in London, criticising the use of teargas in the ‘Jungle’ migrant camp in Calais. “The very best guys do something different in the gallery as what they do on the streets. And in my 15 years, all I’ve seen so far is it
“This has been an unusually disappointing quarter for retailers, with only about half of the companies beating estimates, while over 70 percent in the S&P 500 have beaten those estimates. This is the last week where we could see some positive surprises,” said Erin Gibbs, portfolio manager at S&P Global. Some of the weakness seen
Uber trimmed its losses 14 percent in the second quarter from a year ago, as the ride-hailing giant grew bookings, trips and revenue. The company posted a net loss of $645 million on revenue of $1.75 billion. Revenue this time last year was $800 million. Global trips popped 150 percent from a year ago, while
Some states make it easier than others to stay anonymous, which experts typically advise to avoid the publicity deluge and financial “asks” from family, friends and strangers that inevitably follow a big win. Only five states currently allow winners to claim a ticket anonymously, said “Lottery Lawyer” Kurland: Delaware, Kansas, Maryland, North Dakota and Ohio.