Many people look forward to retirement in all of its budget-friendly glory. But in reality, retirement may not be the bargain you’d expect it to be.
Day: February 5, 2017
Heres My Top Stock to Buy in February
Sometimes, the best stock for you to buy is the one you already own. Such is the case this February — I’m headed back to a company that I called out less than two months ago.
Half of SMEs ‘to increase prices’ because of weak pound
More than half of small and medium-sized firms say they will increase their prices this year due to the weak pound, a survey by the British Chambers of Commerce has found. Dr Adam Marshall, director general of the BCC, said inflation would be an “important concern for businesses over the coming year”.
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Travis County Judge Sarah Eckhardt has been rocking headgear with strong anti-Trump symbolism: The Pussy hat. To say it’s politically charged is like saying third-rails are shocking: These hats are pointed symbols in opposition to President Donald Trump, who said in an infamous 2005 video that he grabbed women by their privates.
Australia’s Housing Dilemma Will Keep RBA From Changing Rates
In the east, Sydney and Melbourne are seeing booming property prices and spiraling household debt; on the western side of the continent, housing and rental costs in Perth are falling as mining companies retrench. The upshot: interest rates aren’t likely to be going anywhere soon.
Regret over building society current account axe
A building society boss has said he “wished it was not the case” that around 100,000 of his customers will have to move their money elsewhere. It was announced at the end of last month that all current accounts with the Norwich and Peterborough building society will be closed by the end of August.
As a conservative Twitter user sleeps, his account is hard at work
Daniel John Sobieski, a retiree in Chicago, is able to tweet more than 1,000 times a day using “schedulers” that work through stacks of his own pre-written posts in repetitive loops. Daniel John Sobieski, 68, climbed the stairs in his modest brick home and settled into a worn leather chair for another busy day of tweeting.
High security
Most people have never heard of a Swiss man called Francisco Fernandez, but tens of millions of us rely on him to look after our money. An unassuming 53-year-old who likes playing the piano in his spare time, he is responsible for the security of $4tn of bank deposits around the world.
What is the Standard Deduction For 2017?
The standard deduction for 2017 is $6,350 for single taxpayers and $12,700 for married taxpayers filing joint returns. However, there’s a chance it could change before next tax season, and no matter where it ends up, you may be better off not claiming it.
Concentrix tax credit cases to be reviewed, government says
Thousands more families who were wrongly stripped of their tax credits by the US contractor Concentrix are to have their cases reviewed. A committee of MPs that produced a scathing report on Concentrix said on Monday that HM Revenue & Customs has accepted its recommendations.
Super Bowl Ads aim to unite at a divisive time for the US
The moment that two teams and dozens of advertisers have been counting down to for months has finally arrived: Super Bowl 51 at the NRG Stadium in Houston. As the Atlanta Falcons and New England Patriots square off on the field, advertisers will duke it out for the attention of more than 110 million people expected to tune in on Sunday.
Lady Gaga Superbowl 51 halftime: 5 second delay, what to expect and did she get paid?
Fox Sports will employ a tape delay during its pregame and halftime coverage of Super Bowl 51, reportedly to address concerns Lady Gaga’s performance could turn political. Sporting News reported Fox Sports will employ a 5-second delay before the game and during halftime to allow it to cut away from live coverage.
Tiffany & Co. CEO resigns amid company’s financial concerns
The New York-based retailer announced Sunday that Frederic Cumenal’s departure is effective immediately and the search has begun for a successor. Cumenal joined Tiffany in 2011 and was named its chief executive officer in April 2015.
Iran Avoids Taking Trump Bait to Collapse Nuclear Deal, for Now
Since the U.S. imposed new sanctions on Tehran over a ballistic missile test Friday, Iran’s conservative media has railed against the government for being too soft, the military has tested another projectile, and officials have generally thumbed their noses at a White House warning that they were now “on notice.” What hasn’t happened, however, is as important: no official has threatened to abandon the nuclear deal signed in 2015 under the previous U.S. administration of President Barack Obama.
Burbank leaders are banking on new mixed-use development to help cut traffic
Burbank, the self proclaimed “Entertainment Capital of the World,” is getting something it hasn’t seen in years, a major housing development. While some residents expressed concerns before the project was approved in 2014 that it would bring more cars into the area, the city’s spokesman says Talaria may eventually help reduce traffic.
Tiffany CEO Ousted After Less Than Two Years
After less than two years on the job, Tiffany CEO Frederic Cumenal will step down effective immediately, but the jewelry retailer said it still expects to report financial results in line with its previous forecasts. Tiffany announced Sunday that it had engaged an executive search firm to find a new CEO.
Overseas Chinese acquisitions of $75bn cancelled last year
Chinese overseas deals worth almost $75bn were cancelled last year as a regulatory clampdown and restrictions on foreign exchange caused 30 acquisitions with European and US groups to fall through. The figures, which reveal a sevenfold rise in the value of cancelled deals from about $10bn in 2015, highlight a waning appetite for global dealmaking by the world’s second-largest economy.
Will Falling Cannabis Prices Hurt Marijuana Stocks?
As increasingly more marijuana growers entered the market and more states allowed residents to legally grow marijuana, cannabis prices dropped throughout 2016. Wholesale marijuana prices late in the year were roughly half the levels of 12 months earlier.
May Faces Fresh Challenge as Lawmakers Debate Brexit Trigger
U.K. Prime Minister Theresa May faces a fresh challenge on Monday to her attempt to formally start Brexit negotiations by the end of March, as lawmakers begin a line-by-line debate over legislation that would allow her to do so. The draft law passed its first hurdle on Wednesday when the lower chamber, the House of Commons, voted it through to the next stage, with just one dissenting lawmaker from May’s Conservative Party — former Chancellor of the Exchequer Ken Clarke.
Super Bowl to Dwarf New Releases at Weekend Box Office
Theater traffic typically plunges on Super Bowl weekend and revenue from the top 10 films could total an “unexciting” $78 million this weekend, according to analysts at MKM Partners. Thriller Split from Comcast’s Universal Pictures unit should take first place at the domestic box office for the third straight weekend with revenue of $14 million, per the firm’s estimates.
Bills aim to beef up oil transportation safety
In this Sept. 2, 2014, file photo, a northbound oil train sits idled on tracks, stopped by protesters blocking the track ahead, in Everett, Wash.
People sit at a table on stage and look towards the hologram of…
People sit at a table on stage and look towards the hologram of hard-left French presidential candidate Jean-Luc Melenchon, as he speaks to supporters who are gathered in Saint-Denis, near Paris, Sunday, Feb. 5, 2017. As Melenchon holds a rally in Lyon Sunday, a hologram of him is being projected by satellite to crowds in Paris.
Action Alerts PLUS: A Dizzying Market Mix
This commentary was excerpted from the Weekly Roundup sent to subscribers of Action Alerts PLUS , a charitable trust co-managed by Jim Cramer and the AAP staff . Click here to learn about this actively traded stock portfolio.
No, Google’s Brand Is Not More Valuable Than Apple’s
Last week, Brand Finance came out with its annual listing of brand valuations . In a somewhat shocking finding, the consulting group declared that Apple Alphabet is a phenomenal company with a long track record of innovation, and the Google brand is extremely powerful.
Los Angeles marchers protest Trump orders on oil pipelines
Hundreds of marchers are taking to the streets of downtown Los Angeles to demonstrate against President Donald Trump’s executive order fast-tracking the Dakota Access and Keystone XL oil pipelines. Protesters hoisting signs and chanting slogans gathered Sunday near Pershing Square and began marching about a mile for a rally at the Edward Roybal Federal Building.
Could President Trump’s Policies Be Terrible for These Healthcare Stocks?
That’s the question investors are trying to answer about how President Trump’s policies might impact healthcare stocks. So far, specific policy proposals put forward by the president appear likely to cause significant problems for certain healthcare stocks.
3 Tax Breaks Homeowners Shouldn’t Forget
There are plenty of good reasons to own a home. Maybe you’re tired of paying rent every month and having no equity to show for it.
Deutsche Bank Purchases Ads to Apologize for – Serious Errors’
Deutsche Bank AG bought full-page ads in all major German newspapers over the weekend to apologize for “serious errors” after two years of losses that cost the lender billions of euros. Legal cases that date back many years cost the Frankfurt-based company “reputation and trust” in addition to about 5 billion euros since John Cryan took over as chief executive officer in 2015, the ad said, blaming the “misconduct of a few” employees.
Trump’s excuse for gutting Wall Street regulations is hilariously flimsy
President Donald Trump signed an executive order Friday instructing his administration to start rolling back Dodd-Frank’s banking regulations. This was not a surprise.
Manufacturing Jobs Will Continue to Decline, and There’s No Quick Solution
Manufacturing jobs are declining in the United States and will continue to decline, regardless of what the Donald Trump administration does. This is the way the world is going.
FCC made a case for limiting cost of prison phone calls, but not anymore
Federal regulators no longer are pressing to cut the costs of most prison phone calls, backing away from a years-long effort to limit charges imposed by a handful of private companies on inmates and their families. The shift by the Federal Communications Commission comes as the U.S. Court of Appeals for the D.C. Circuit on Monday considers whether commissioners went too far when they capped prices for inmate calls that had reached more than a $1 per minute.
Work From Home? This Tax Deduction May Be for You
If you work from your home and have a dedicated home office you use, then you may be entitled to the home office deduction, which could save you hundreds or even thousands of dollars on your tax return. Here’s what the IRS considers to be a “home office,” how much your deduction could be, and how to claim it on your tax return.
Why Salesforce.com Stock Fell 12% in 2016
The stock had slumped by as much as a third early in the year — and was up by almost double digits after a strong second-quarter report. Yet it ended 2016 significantly trailing both rival Oracle By all accounts, the company had a strong operating year.
Shyamalan’s ‘Split’ leads box office for third weekend
M. Night Shyamalan’s multiple personality thriller “Split” led the box office for a third-straight week, a fairly unprecedented streak for a low-budget horror film. According to studio estimates Sunday, “Split” came out on top again with $14.6 million in North American ticket sales, bringing the Universal Pictures release’s three-week haul to $98.7 million.
Brokers for IRAs: Comparing Capital One and Merrill Edge
There’s no way around it: Where you open an IRA matters to your investment portfolio, and it affects more than the price you pay. Brokers offer different investment menus, research capabilities, and tools to help you plan for retirement.
‘Zootopia’ wins at Annie Awards and looks poised for Oscars
“Zootopia” won best animated feature and took home a leading six awards at the 44th Annie Awards, setting up the Disney release as the clear favorite at the Oscars. One of its leads, Jason Bateman, shared best-voice acting with Auli’Cravalho from “Moana.”
Why Revlon Inc Stock Gained 15% in January
According to data from S&P Global Market Intelligence , the stock gained 15%. The bulk of the increase came in the middle of the month when the restructuring plan was announced.
The End Of The Level Playing Field
I am old enough to remember the gogo days of cable TV when entrepreneurs who wanted to launch a new cable channel would go, hat in hand and cap table in tow, to the big cable companies and beg to get distribution on their networks. When the Internet came along in the early 90s, we saw something completely different.
You’ll Never Guess Who Wants to See Marijuana Legalized Nationwide
In 1995, just prior to California becoming the first state to legalize medical cannabis for compassionate use, only 25% of respondents in Gallup’s national poll wanted to see pot legalized nationally. That was essentially unchanged since 1980.
Trump’s Border Tax Could Be a $23.3 Trillion Headache
As was to be expected in going from the Obama administration to the Trump administration, we’ve seen a number of notable changes during Donald Trump’s first two weeks in office. For instance, Trump has signed off on legislation to ease the burdens of the Affordable Care Act, as well as removed the U.S. from entering into the Trans-Pacific Partnership.