With Social Security funding issues around the corner, uncertain market conditions, long-term low interest rates and skyrocketing medical costs, American retirees are facing a laundry list of retirement challenges. The only certainty is that retirement is going to be dramatically different than the retirement previous generations encountered. In order to retire with financial security and dignity,....More>>>
(Photographer: Andrew Harrer/Bloomberg)
Disclosure: I have no positions in Goldman Sachs, Caterpillar, JPMorgan Chase, American Express or UnitedHealth.
Goldman Sachs is the biggest gainer since the close on election day followed by Caterpillar, JPMorgan, American Express and UnitedHealth.
The Dow Jones Industrial Average set an all-time intraday high of 19,083.76 on Wednesday,....More>>>
Charlie Munger (Trades, Portfolio) is an investor and the business partner of the world’s most famous investor, Warren Buffett (Trades, Portfolio), but he is also among the rarified group that cleaned up during the financial crisis. The fountain of wit, wisdom and ice-cold discipline got into the market at its most despairing and quietly made a small fortune, primarily on banks, which he....More>>>
RBC’s Deane Dray and team look ahead to General Electric’s (GE) meeting next week, where it will highlight its digital platform:
General Electric Chief Executive Jeff Immelt Reuters
Outperform-rated GE is hosting an investor meeting spotlighting its GE Digital platform in San Ramon, CA on June 23. Expect Chief Digital Officer Bill Ruh to provide more specifics around....More>>>
Retirement investing is not what it used to be. In the old days, one could just invest in the safe stocks to buy, in blue chips, in a nice ladder of bonds, and do just fine.
Alas, the market has significantly changed. Much of this is due to the historically low interest rates weve had.
The problem with the Federal Reserves attempt to goose the economy is that it killed bond yields,....More>>>
“Formula for success: rise early, work hard, strike oil” – J. Paul Getty
I must confess to feeling kind of lonely at times this year being one of a handful of observers of the casino space, (and at times, the only one,) standing firm on my undiminished faith that Las Vegas Sands (NYSE:LVS) valuations were dead wrong. Now, after the Macau Parisian has opened and LVS Q3 results....More>>>
Wall Street, the alleged culprit of the financial meltdown that started eight years ago, has become the whipping boy for the 2016 presidential race. Does the intense animosity of Bernie Sanders, Hillary Clinton and Donald Trump explain the dive in the share prices of investment banks, private-equity firms and managers of hedge funds?
See Also: How the Presidential Election Will Affect the....More>>>
Investors ignore the Fed dot plot at their peril.
While it doesn’t get as much attention as the decisions of the Federal Open Market Committee (FOMC) meetings or the comments by Fed Chair Janet Yellen, the Federal Reserve’s dot plot is an important guide to where the central bank wants to go with interest rates in the future.
And that means it’s closely watched....More>>>
Republicans in Congress are so eager to repeal the Affordable Care Act that some have vowed to get a bill to President-elect Donald Trump’s desk on the day he takes the oath of office.
“We will move right after the first of the year on an Obamacare repeal resolution,” Senate Majority Leader Mitch McConnell, R-Kentucky, told reporters at a news conference Monday.