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Stocks

“Nasdaq tops 9,000 on boosts from Amazon, trade optimism”

“The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled… Continue Reading…

Personal Finance

Early Withdrawal: “The $51,000 mistake thousands of retirement savers have made”

“Nearly half (49%) of people with retirement accounts have withdrawn the money early, according to data released Thursday by Bankrate. Other data show a similar pattern: In a survey of more than 1,000 adults released this year by MagnifyMoney, roughly half… Continue Reading…

Business

“Takata Airbag Failure Forces 12,663 BMW 3 Series…” [Recalled]

“There’s a new type of Takata airbag failure to worry about on top of the recall that recently affected at least 37 million cars worldwide. BMW Australia initiated a voluntary recall of 12,663 E46-generation 3 Series cars following two separate airbag-related incidents… Continue Reading…

Business, Stocks

“GE to freeze pensions for about 20,000 employees, stock surges”

” Shares of General Electric Co. GE, -0.82% surged 2.6% in premarket trading Monday, after the industrial conglomerate said it was freezing the U.S. pension plan for about 20,000 employees with salaried benefits, and supplementary pension benefits for 700 employees….  GE’s stock has… Continue Reading…

Business

“Average cost of employer-provided family health coverage clears $20,000-a-year mark”

“The average total cost of employer-provided health coverage passed $20,000 for a family plan this year, according to a new survey… Annual premiums rose 5% to hit $20,576 for an employer-provided family plan in 2019, according to the yearly poll… Continue Reading…

Economy

“Amazon is hiring 30,000 workers…”

“Amazon is looking to fill 30,000 jobs and, to help accomplish that goal, it plans to host career days in six cities across the US next week. The open spots span a variety of skill and experience levels, from entry-level… Continue Reading…

Economy, Investing, Precious Metals

“Gold Seen Cracking $1,600 as Fed Goes for Cut, Cut, Cut, Cut”

“Gold will surge above $1,600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing U.S. growth… Bullion will benefit as the Fed opts for four, 25 basis point cuts between this month… Continue Reading…

Real Estate

Real Estate: “America’s Priciest Listing Sells at Foreclosure Auction”

“Once listed for $1 billion, a 157-acre parcel of land in Beverly Hills known as the Mountain has sold at a foreclosure auction to its lender for just $100,000.” https://www.wsj.com/articles/americas-priciest-listing-sells-at-foreclosure-auction-11566326719 This is a prime example of how the wealthy make… Continue Reading…

Banking, Business, Economy

“Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul”

“Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount… Continue Reading…

Economy, Stocks

“Dow jumps 200 points to break above 27,000 for the first time ever”

“The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month… Meanwhile, the S&P 500 rose 0.3% to trade back above… Continue Reading…