Cynthia and Alex are parents to a 6-year-old son, Jake. “It was a dream come true,” Alex said, of becoming a dad. But for the high school sweethearts, conceiving a child was only possible with in vitro fertilization, which was covered by Cynthia’s insurance through her employer. They have what’s called “unexplained infertility.” Cynthia then
Month: June 2019
Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500
KUALA LUMPUR (June 30): The government has extended the Home Ownership Campaign for six months, till December 31 this year, announced Housing and Local Government Minister Zuraida Kamaruddin, following strong interest in the campaign and recommendations for an extension from home buyers and developers. She said this in a statement today, in which she also
Investors should put their money in small- to mid-cap biotech stocks as rhetoric about changing the U.S. health-care system ramps up during the Democratic primary debate season, Jefferies analyst Michael Yee said Friday. “The big biotechs have to buy the big and small biotechs, and that’s where most [health-care] investors have been playing,” Yee said
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal Reserve and awaited clarity on U.S.-China trade relations. The Dow Jones Industrial Average rallied 7.2%
Goldman Sachs upgraded Procter & Gamble on Friday and said the consumer staples giant offers shareholders a “potential double-digit return.” “We believe there is a role in investors’ portfolios for a large liquid global staples company such as this and note that PG remains the most underweight US listed mega-cap global consumer packaged goods company
A measure under consideration in Congress could have big implications for how you view your Social Security statements. The bill, called the Beneficiary Education Tools, Telehealth, and Extenders Reauthorization Act of 2019, or BETTER Act, includes a provision that would reinstate mailed Social Security statements. Since 2012, the Social Security Administration has scaled back the
KUALA LUMPUR (June 27): Gamuda Bhd says its board of directors is in favour of accepting the federal government’s offer to take over all four toll concessionaires linked to the group for a combined RM6.2 billion at the enterprise value. They are Lingkaran Trans Kota Holdings Bhd (Litrak), Sistem Penyuraian Trafik KL Barat Holdings Sdn
Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook CEO Mark Zuckerberg on Wednesday said the U.S.’s weak response to the 2016 Russian election interference has resulted in similar activity from more nation states like Iran. “The signal that
General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $29.6 billion, fell by 8% during morning trading. Net sales for General Mills’
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of the China Internet ETF. Tim Seymour was a buyer of Alibaba. Guy Adami was a buyer of Shake Shack. Trader disclosure: Pete Najarian is long calls ALLY, ASHR, BABA, BOX, DBX, DOCU, DVN, FCX, GDX, GLD, JD,
Jim McGuire | Getty Images The Social Security program is approaching insolvency. Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social
Mark Ralston | AFP | Getty Images More than 300 companies are talking to government officials in Washington this month about how detrimental the trade war between the U.S. and China has been and will be to their business. Testifying in front of the Office of the U.S. Trade Representative, major U.S. companies including Best
Chateau d’Estoublon, Provence, France Airbnb The online property rental broker Airbnb has launched a new site dedicated to high-end listings that includes castles, entire villages, and beachfront villas in the U.S. or Caribbean. One listing – an entire medieval village in Buonconvento, Italy that can accommodate 44 guests – costs around $23,140 per night while
izusek | E+ | Getty Images Eat what you kill. It’s not the most subtle description of the career path for financial advisors, but it is accurate. Historically, the financial advice industry has been built around people who can come to the job and quickly build books of business to generate revenue. Young advisors have
(June 25): Stocks in Asia looked set to drift Tuesday after their U.S. counterparts slipped for a second session in a lackluster session. Treasuries gained, while the dollar declined. Equity futures were slightly lower in Japan, Australia and South Korea. The S&P 500 posted a modest loss as energy producers dropped in the wake of
Americans for Tax Reform’s Grover Norquist told CNBC on Monday that Sen. Bernie Sanders’ plan to eliminate outstanding student loan debt in the country ignores the real problem of going to college. The Vermont independent’s legislation seeks to cancel $1.6 trillion in existing loans by taxing stock and bond transactions. Norquist took a jab at
Some of America’s billionaires have a message for the next president of the United States: Tax us. Nineteen billionaires and ultra millionaires including George Soros, Abigail Disney, Chris Hughes and members of the Pritzker family released a bipartisan letter on Monday asking the 2020 presidential candidates to support a tax on the American families with
McDonalds employee prepares a burger Remy Gabalda | AFP | Getty Images Launching fresh beef at McDonald’s took more than four years and cost its meat suppliers more then $60 million to pull it off. But it looks like the risky decision — and logistical hurdles to speed the turnaround from cow to beef patty
Karen Simons Source: Karen Simons Karen Simons was out of the professional world for more than 20 years to raise her three children. Now she’s a financial planner at the investment advisory firm Yeske Buie. She made that change happen through a “returnship,” the grown-up version of a college internship that companies are increasingly offering
Goldman Sachs has offered 1 billion ringgit ($241.73 million) to compensate Malaysia for its role in a multi-billion dollar financial scandal involving a Malaysian state fund — but the prime minister of the Southeast Asian country described that amount as “peanuts.” The U.S. financial giant helped state firm 1Malaysia Development Berhad (1MDB) to raise $6.5
Artist Jeff Koons with his 1986 sculpture “Rabbit,” which sold at auction this year for a record-setting $91.1 million. Steve Parsons – PA Images | PA Images | Getty Images Interest in collectibles is hitting new heights. “Rabbit,” a 1986 stainless steel sculpture by the artist Jeff Koons, sold to Robert E. Mnuchin, father of
Goodbye study sessions, dorm food and lecture halls. Real life awaits. For Jessica Granofsky, 23, however, that means moving back home. Granofsky graduated from college last year and now works full time as a communications coordinator in the Toronto office of a San Francisco-based start-up. Although she says she earns a good salary and even
A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Three weeks ago, we had a few of our worst days relative to the market in many months. How bad is very bad? To put this
KUALA LUMPUR (June 22): Are traditional banks ready for this new banking reality? In recent years, incumbent banks have had to grapple with diminishing return on equity and rising regulatory costs. They now have to battle with a new breed of competitors that may or may not necessarily be subject to the same strict rules.
A Toys R Us Inc. retail store in Frederick, Maryland, U.S., on Monday, April 16, 2018. Andrew Harrer | Bloomberg | Getty Images Defunct children’s retail chain Toys R Us will open new stores later this year, according to Bloomberg. The company liquidated its assets last year after entering bankruptcy in September 2017. The company
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Alphabet. Jeff Mills was a buyer of the Emerging Markets ETF. Dan Nathan was a buyer of Cisco. Guy Adami was a buyer of Exxon Mobil. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, AMZA,
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters One of Wall Street’s most vocal and longest critics of Goldman Sachs has changed his tune and now recommends investors buy the company’s stock, saying its investment
The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Carnival cut its profit forecast for the year on Thursday due to the Trump administration’s sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships. Shares
An Olive Garden restaurant in Laguna Hills, California Scott Mlyn | CNBC Shares of Darden Restaurants slid nearly 4% in Thursday morning after its earnings report showed that declining traffic to Olive Garden, its top chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter. The restaurant company’s stock, which has a market value of
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