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Yearly Archives: 2019

Congress approves major changes to how you save for retirement

The biggest legislative changes to America’s retirement system in 13 years are on their way. On Thursday, the U.S. Senate approved a spending bill that includes the bipartisan Secure Act, which aims to increase the ranks of retirement savers and the amount they put away. The measure — which passed …

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Here’s why the stock market is ignoring Trump’s impeachment by the House

President Donald Trump hosts a Merry Christmas Rally at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. Scott Olson | Getty Images Markets are shrugging off the impeachment of President Donald Trump because he is not expected to be removed from office, and there should be no …

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Tesla, GM and others hyped up self-driving and electric vehicles

Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images In October 2016, Tesla CEO Elon Musk made a bold promise: One of the company’s vehicle’s would drive itself from Los Angeles to New York by the end of 2017 in what he …

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Stock market could go up 20%: Merrill Lynch’s Andy Sieg

The president of Merrill Lynch Wealth Management believes that Wall Street’s incredible 2019 performance is nowhere near the end of the longest and best-performing bull market ever. “The trend is your friend. We’re very bullish on the market right now,” Merrill Lynch’s Andy Sieg told CNBC on Thursday — predicting …

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Energy stocks (XLE) show signs of life, but don’t buy yet: Trader

This year’s worst-performing sector looks like it’s getting an energy boost. S&P 500 energy stocks, tracked in part by the Energy Select Sector SPDR Fund (XLE), have charged 3% higher in the last week, a somewhat encouraging sign of life for a group that’s up just 6% for the year, …

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New rules will allow parents to take $5,000 penalty-free from 401(k)s

Parents may have a new source of money to tap to help with any expenses tied to adding a new child to the family. This week, the Senate is expected to pass a $1.4 trillion spending deal that, among other provisions, contains retirement legislation known as the SECURE Act. The …

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Facebook stock needs to clear this level to kick off next rally: Chart

Facebook has stalled this month. Shares of the social network remain largely flat in December even as the broader market has risen nearly 2%. The stock appears to be in a holding pattern after surging 55% on the year. It may need to clear one critical technical level before it’s …

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Stylish suburbs: how ancient Mexican metropolis dodged inequality trap

TEOTIHUACAN, Mexico (Reuters) – Fragments of pre-Aztec murals recently unearthed on the outskirts of what was once the largest city of the Americas are adding to mounting evidence that even commoners there enjoyed the finer things in life. Mural fragments depicting a bird, recently discovered in the Tlajinga neighborhood of …

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Millennial investors in California are fleeing to these 3 tax havens

Millennial investors residing in California are packing their bags for friendlier tax climes. That was one of the findings from a recent analysis by financial services firm Wealthfront. The company studied more than 200,000 clients, defining millennials as those born between 1980 and 1994. Half of the young clients who …

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Nike earnings, jobless claims, home sales

Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Here are the most important things to know about Thursday before you hit the door. 1. Nike earnings on deck Shoe giant Nike reports …

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