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Monthly Archives: December 2019

If you win the $340M Mega Millions jackpot, be ready for a big tax bill

The Mega Millions jackpot has climbed higher yet again. With no one hitting all six numbers on Tuesday, the top prize is an estimated $340 million for Friday night’s drawing. And while the odds are stacked against hitting the jackpot — your chance is 1 in about 302 million — …

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How to tell if consolidating your student loans can save you money

The Federal Reserve cut interest rates three times over the past few months, making many loans a lot cheaper for Americans. For some, that may mean it’s a good time to consolidate their student loans and lock in lower interest rates. While many student borrowers have federal student loans with …

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S&P 500 closes at new record as Wall Street bets Fed will lower rates, Dow surges nearly 250 points

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month. The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow …

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Netflix is facing a ‘recipe for disaster’ after downgrade

Netflix and chill? At Needham, it’s more like Netflix and sell. The firm’s downgrade on Tuesday of the stock to underperform from hold painted a grim picture of the streaming company’s near-term outlook: Analyst Laura Martin predicted Netflix would lose as many as 4 million premium U.S. subscribers in 2020 …

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Italian police think stolen Klimt masterpiece found hidden behind ivy

ROME (Reuters) – A painting by the Austrian artist Gustav Klimt that was stolen in 1997 might have been discovered, hidden in a wall of the Italian gallery where it was taken from, officials said on Wednesday. Italian police stand next to what they say is a masterpiece by Austrian …

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Jeffrey Gundlach says long-term rates headed higher

Jeffrey Gundlach Heidi Gutman | CNBC DoubleLine CEO Jeffrey Gundlach said he sees long-term rates marching higher as recession risks recede. The so-called bond king pointed to the ratio of copper to gold prices, which he believes has the predicting power of U.S. interest rates. That ratio is saying the benchmark …

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Natural resources may give the bull another leg in 2020

The bull market can find another leg to run on in the new year if natural resource sectors can rebound, CNBC’s Jim Cramer said Tuesday. “The charts, as interpreted by Dan Fitzpatrick, suggest that the metals and mining stocks and the basic materials plays are headed higher, and even the …

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Fed decision, Lululemon earnings, inflation gauge

Yoga class at the Lululemon Yoga tent at In goop Health Vancouver at Stanley Park on October 27, 2018 in Vancouver, Canada. Ernesto Distefano | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Fed meeting and rate decision The Federal …

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‘Crime in Progress’ Tells the Story Behind the Steele Dossier

Another line of inquiry into Trump’s business deals unearthed a flow of Russian money into his projects, what Fritsch once called a “tour de sleaze.” Needing a clearer sense of what was happening inside Russia itself, where public records were hard to come by, Fusion reached out to Steele. ImagePeter …

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House Democrats want to nix $10,000 state, local tax deduction limit

New York, New York E+ | Getty Images There are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. Rep. Thomas Suozzi, D-N.Y, along with Reps. Bill Pascrell, D-N.J., and Mike Thompson, D-Calif., proposed …

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