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Monthly Archives: August 2019

How to turn $100 into $1 million, according to self-made millionaires

1. ‘Invest in something you love.’ “It’s difficult to acquire wealth. You either have to save diligently, make a lot of money on a business deal or invest. Creating real security requires saving a lot more than you think. It’s also expensive to continue growing a business after it’s successful. …

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SEC says former NFL players were defrauded by financial firm

A financial advisory firm has been charged by the Securities and Exchange Commission with defrauding former professional football players. Former principals of Cambridge Capital Group Advisors, Philip Timothy Howard and Don Warner Reinhard, allegedly took more than $4 million from around 20 retired NFL players to invest in private hedge …

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The 10 best U.S. cities for an early retirement

Source: SmartAsset Retiring early can take some careful financial planning, especially in a era when many Americans have to keep working not only past 65 but well into their 70s just to make ends meet. Where you decide to settle down to ease into your golden years is a huge …

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Altria-PMI’s $200 billion merger would face future with fewer cigarettes

For Altria and Philip Morris International, breakin’ up may have been too hard to do. A decade after going their separate ways, the two tobacco giants announced this week they are considering a merger. The potential merger would end years of speculation on whether the companies would eventually reunite. Marlboro-maker …

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Mutual fund managers are really long banks, and it’s killing them

Traders work on the floor of the New York Stock Exchange on August 14, 2019 Spencer Platt | Getty Images Stock pickers are heavily invested in bank stocks, and it hasn’t been working out well for them. Mutual funds are most overweight in financials across all sectors, according to a …

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5 things to know before the stock market opens August 30, 2019

1. Dow set to rally on hopes for progress in resolving the US-China trade war People walk on Wall St. outside the New York Stock Exchange, August 7, 2019. Brendan McDermid | Reuters U.S. stock futures were indicating a triple-digit point advance at Friday’s open for the Dow Jones Industrial …

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Alibaba could break out if US-China trade talks progress: Analyst

Thawing trade tensions between the U.S. and China could benefit one Chinese stock the most — Alibaba, says TradingAnalysis.com founder Todd Gordon. “After the IPO [in 2014], we came down into a double bottom right around the $70 region,” Gordon said Thursday on CNBC’s “Trading Nation, ” referring to lows in …

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Walmart is piloting health clinic at Walmart Health in Georgia

Walmart, the world’s biggest retailer, is moving deeper into the primary care and mental health market, opening a new clinic called Walmart Health in Georgia. The company recently updated its website with a link to Walmart Health, describing its “newest location in Dallas, GA.” It also went online with the …

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Ulta Beauty is tumbling on earnings, but one trader sees strength ahead

Investors are ditching Ulta Beauty in the extended session Thursday. Shares plummeted 13% after hours following an earnings and revenue miss. Comparable store sales also came in under expectations. Shares of Ulta are up more than 37% this year but still down nearly 9% from their 52-week high set in …

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Hackers are targeting colleges for students’ data

KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according …

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