As the stock market heads for all-time highs, some retirement savers are reaping the benefits. The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 200,000 as of Sept. 30, up 7% from a year ago, according to a new report by …

Starbucks’ Reserve Roastery in Chicago Source: Starbucks Here are the most important things to know about Friday before you hit the door. 1. Read on the American consumer As retailers gear up for the all-important holiday shopping season, we’ll get a read on the state of the American consumer when …

Carl Medlock’s Tesla repair shop Tesla, which has been accused of sacrificing quality as it ramps up production of the Model 3, is cranking out more reliable vehicles, according to a new survey from Consumer Reports. “What we’ve seen with the Model 3 is that they had a lot of …

One group of stocks has led the market this year: the homebuilders. The ITB home construction ETF has rocketed more than 50% higher this year, catching up after cracking in 2018. “We looked at all the big homebuilders, and you can see how they’ve well outperformed the S&P 500 year …

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Free trading is paying off for brokerage firm Charles Schwab. In the same month the firm dropped trading commissions, Schwab added 142,000 new brokerage accounts, 31% more …

Cisco Systems Chairman and CEO Chuck Robbins told CNBC on Thursday the company’s larger customers are pausing their spending plans due to global economic uncertainties. “They’re just expressing caution that they’re concerned about what’s going on in the macro environment,” Robbins said on “Squawk on the Street.” Dow stock Cisco …

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The longest bull market in history is also the best ever. The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of …

Source: taxjusticenow.org Jeff Bezos out $107 billion. Warren Buffett short $77 billion. That’s how much the net worth of each man would have been cut since the 1980s if Sen. Bernie Sanders’ tax policy had been adopted at the time, according to two University of California economists who study the …

Doug McMillon, CEO of Walmart. Adam Jeffery | CNBC Walmart is admitting it still has work to do online. The big-box retailer said Thursday that its e-commerce sales were up 41% during the latest quarter, thanks to a strong grocery business. But CEO Doug McMillon said in a statement: “We …

Germany has narrowly avoided a technical recession, after the latest figures showed the country’s economy grew by 0.1% in the third quarter. Germany’s GDP (gross domestic product) rate exceeded the -0.1% contraction expected by analysts. On an annual basis, the economy grew by 0.5% from July to September, the Federal …