A Porsche that was expected to sell for over $20 million flopped on the auction block Saturday night, after the sale was thrown into disarray by a technical error. The car, a 1939 Porsche “Type 64” that was already facing controversy in the collecting world, hit the auction block Saturday night at RM Sotheby’s in
admin
New charts from Bank of America-Merrill Lynch’s Stephen Suttmeier suggest two things must happen before the stock market bottoms: The S&P 500 needs to fall another 5% and panic needs to get more extreme. His first chart shows the S&P 500‘s decline, and the key levels to watch. “The correction is going to continue,” the
At age 22, with no formal fashion education Claudia Lambeth took a giant leap and started a one-of-a-kind luxury lingerie line while she was in law school. With just a little seed money she inherited from her grandfather, Lambeth was able to purchase fabrics and other materials she needed to build her first bra and
Tricking yourself may be an effective strategy for getting better at managing money. Some people swear by spreadsheets, others by budgets. But what about people who freeze up at the very idea of using a calculator? It’s easy. Or not as hard as you’d think. Make a few behavioral changes. It’s mind over money, and
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses where we are in the market and they likelihood of a recession coming. Howard also talks about ETFs, FAANG stocks and President Donald Trump. 📚 Books by Howard Marks and his favourite books are located at
Real estate investment trusts (REITs) are great potential fits for any modern retirement portfolio. With interest rates ticking down from 2% to 1% and, perhaps, eventually 0%, these generous dividend payers are benefitting big time. REIT stocks tend to yield twice as much as regular ol’ stocks. They collect rent and pay it directly to
Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP The S&P 500 has followed the monthly cycle down. Sentiment, however, turned from too bullish to overly bearish within a short time, leading to a recovery rally. The current price formation looks like a chair
For $10.5 million, an aviation enthusiast can own a 7,550-foot runway, seven aircraft hangars, a mansion and private aviation residence community near Ocala, Florida. SVN Florida Picture a residential development in Florida. Now picture it with an aircraft runway capable of accommodating aircraft as large as a Boeing 747. That can only be Jumbolair, an
Apple CEO Tim Cook Spencer Platt | Getty Images The two recent incidents involving Apple products show a growing risk to the company’s brand: the lithium-ion batteries that power its devices. First, the Federal Aviation Administration disclosed last week that some Apple laptops have been banned from flights. This comes after Apple recalled some 15-inch
Larry Kudlow, director of the U.S. National Economic Council, speaks during a Bloomberg Television interview outside the White House in Washington, D.C., U.S., on Friday, Aug. 2, 2019. Andrew Harrer | Bloomberg | Getty Images White House economic advisor Larry Kudlow pushed back Sunday against concerns that the economy was weakening, after the bond market
Ted Jenkin (left), CEO of oXYGen Financial, with children Lyla, Louden and Olivia and wife Genna Jenkin. Ted Jenkin It’s official: Apparently, you can go home again. A recent TD Ameritrade survey found that 50% of “young millennials” plan to move back home with their parents after college. The survey polled 1,027 members of Generation
Glenn Daily, a fee-only insurance consultant, owns a whole life insurance policy. Glenn Daily Roth IRAs and Roth 401(k) plans aren’t your only sources of tax-free income in retirement. Say hello to so-called permanent life insurance — a policy with an interest-bearing account that’s known as cash value. This cash value accumulates without being subject
Asking parents for money for college can be awkward. Doing a little math can make it much easier. Getty Dear Kids, We are very proud of you for getting into college! You’ve done a great job applying for financial aid and saving your earnings from your summer job. Now, it’s the time to have “the
Nearly three years into the Trump Administration, you may think the pendulum for banking regulations — Dodd-Frank rules created after the 2008 crisis — has swung to a more permissive position. President Trump campaigned promising to dial back regulations, and legislators from both parties promised some “recalibration.” Certainly, some changes have happened. Following the 2018
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses how he invests in market cycles and the mentality of a successful investor. Howard also talks about starting a Hedge Fund/Asset Management firm and the trade war. 📚 Books by Howard Marks and his favourite books
Facebook told CNBC it has hired Daniel Povey, a speech recognition researcher who was fired this week from Johns Hopkins University. Dan Povey Fired Johns Hopkins professor Daniel Povey will not work for Facebook after all, he told CNBC on Friday. In May, Povey used bolt cutters to attempt to forcibly enter one of the school’s buildings
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Industrials ETF puts. Karen Finerman was a buyer of Target. Dan Nathan was a seller of the Financials ETF. Guy Adami was a buyer of Eastman Chemical. Disclosure Trader disclosure: Pete is long calls ALLY, AMD, DISCA, DOCU,
Steven Puetzer | Getty Images “Stock market gets ugly.” “The next recession is going to be brutal.” “Markets in turmoil.” Headlines of late on the direction of the economy — or, perhaps closer to home, your 401(k) balance — might have you on edge. Breathe. It’s O.K. If you haven’t already done so, you can
U.S. corporate bond debt continues to grow and protections are getting weaker for high yield bonds. Getty Non-financial corporate debt in the form of loans and bonds is now about $16 trillion, an equivalent of about 75% of U.S. GDP. This is an over 50% rise since 2007. Presently about a third of that debt
Today’s data for July housing starts and permits was very mixed. Of course, the month on month data is volatile (and subject to very large revisions) due to difficult seasonal adjustment factors and changes in the weather, but the Year on Year (YoY) trend is more reliable. For housing starts, July’s result was far below
- 1
- 2
- 3
- …
- 24
- Next Page »