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Monthly Archives: October 2019

Here’s tax bill on Powerball, Mega Millions jackpots so far this year

If you hate paying taxes, at least it’s a reason to pretend you’re glad you never win big in the lottery. So far this year, the 12 winners who have hit Powerball and Mega Millions jackpots — worth an advertised $3.3 billion in all — have collectively fed roughly $505.5 …

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Ed Cray, Biographer of Woody Guthrie and Earl Warren, Dies at 86

Ed Cray, a journalist and educator who explored a broad spectrum of Americana with well-regarded biographies of Woody Guthrie, Chief Justice Earl Warren, the California serial killer Juan Corona, George C. Marshall and the bluejeans maker Levi Strauss, died on Oct. 8 in Palo Alto, Calif. He was 86. The …

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Facebook (FB) Q3 2019 earnings

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook is set to report third quarter earnings after the bell on Wednesday. Here’s what analysts expect for the period that ended in September: Earnings: $1.91 per share, …

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When the Fed cuts rate three times and pauses, history shows it works out great for stocks

Pedestrians walk past the Federal Reserve building in Washington. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve just cut interest rates for the third time this year and said it will likely pause from here. That scenario is usually very good for stocks. CNBC used Kensho, a hedge …

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Here’s what the Fed’s interest rate cut really means to you

The Federal Reserve’s decision to cut interest rates by a quarter point for the third time this year is meant to bolster the economy. Everyday Americans may lose some ground. On the one hand, lower rates often mean cheaper loans, which can impact your mortgage, home equity loan, credit card, …

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Charts suggest industrial sector is readying for a major breakout

As markets hold close to all-time highs, one technician sees the industrial sector readying itself for an even larger move higher. “I see a very powerful chart here [on the XLI industrial ETF] that is just aching to break potentially on resolution with the trade conflicts with China,” Todd Gordon, …

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There are two reasons why you should reposition your portfolio now

Hero Images | Getty Images As the S&P 500 reached new records this week, you might be tempted to ask: How high can the market go? You might even be thinking of paring back your equity exposure in anticipation that the 10-year bull market might finally be coming to an …

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Business investment drops 3% in Q3 amid trade war uncertainty

President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters President Donald Trump’s tax cuts may not have had the stimulating effect he promised, according to government data released …

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Here’s why GE, Ford’s digital transformation programs failed last year

Smith Collection/Gado | Archive Photos | Getty Images Close-up of sign for GE Digital, a division of General Electric, in the Bishop Ranch office park in San Ramon, California. General Electric’s stock surged Wednesday after the company raised its 2019 cash flow forecast and reported adjusted third-quarter earnings and revenue …

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Bonds are at a ‘critical juncture’ ahead of Fed decision

Ahead of the Federal Reserve’s rates decision Wednesday afternoon, one technical analyst sees the bond market facing a new big test. The 10-year Treasury yield is “at a very critical juncture here at 1.9%,” Matt Maley, equity strategist at Miller Tabak, said on CNBC’s “Trading Nation” on Tuesday. “The reason …

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