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Monthly Archives: October 2019

Millennials are to blame for sluggish economy: Raymond James report

Millennials — the selfie obsessed, avocado toast-loving generation — might be behind slower economic growth, according to a research note last week from Raymond James. This new generation, scarred by the financial crisis, is saving more than the free-spending boomers did before them, and it’s causing an economic imbalance. According …

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Consumers may have carried markets as far as they can

For months now, we’ve been repeating the refrain “the consumer is strong, the consumer represents two thirds of GDP, the consumer will keep the economy growing” until it is the last thing we utter at night and the first words out of our mouth in the morning. The stock market …

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Here’s how to keep health-care costs down in retirement

Retirees will spend a significant amount of money on health care. Still, many older Americans don’t plan properly for it. A healthy male-female couple retiring at age 65 in 2019 can now expect to shell out $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis. Fidelity’s analysis, …

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Bill Gurley’s plan to move from tech IPOs to direct listings

Bill Gurley, general partner of Benchmark Capital Holdings Co. Patrick T. Fallon | Bloomberg | Getty Images Two years after ending a tumultuous run on the Uber board, Bill Gurley is now on a very different crusade. Ever since an appearance on CNBC last month in which he described the …

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Floating NYC art installation shows East River’s pollution level

New York’s East River isn’t exactly known for being clean. But a new art installation, which provides real-time data on the cleanliness of the water, is aiming to show that it might not actually be all that bad. +POOL Light seen from New York’s Pier 17 Pippa Stevens | CNBC …

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Solar power can boost a home’s value in these 10 states the most

Solar installations fill a neighborhood in the southwestern United States. Sunrun California will be the first state in the U.S. to require solar panels on all new homes starting 2020, but the legislation’s passage did not end the debate over a key question: Does the cost of installing solar pay …

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What’s on TV Saturday: ‘Austin City Limits’ and ‘The Talented Mr. Ripley’

What’s on TV AUSTIN CITY LIMITS 11 p.m. on PBS (check local listings). The blues guitarist and Austin native Gary Clark Jr. opens the 45th season of this long-running live concert series, performing music from his latest album, “This Land,” which was a New York Times Critic’s Pick. Later on …

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Jim Cramer’s ‘Mad Money’ recap & stock picks Oct. 4, 2019

CNBC’s Jim Cramer gives viewers a preview of his schedule for the week ahead, with a few earnings reports and U.S.-China trade news taking center focus. The “Mad Money” host gave investors his blessing to start a position in Clorox and buy shares incrementally, but warns not to expect the …

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Expect firms to adjust forecasts to new tariffs

Earnings season is underway, but it’s in the “slow dribble phase,” CNBC’s Jim Cramer said Friday. The “Mad Money” host has just three earnings reports circled on his calendar in the week ahead, along with two analyst meetings he will be tuned in to. He warned that the stock market …

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Dow, S&P 500 will try to snap a 3-week slide as trade talks kick off

Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington. The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August. Wall Street’s …

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