Hit the brakes before you contact a debt settlement company to grapple with your student loans — some may be in hotter water than you are. NerdWallet, a personal finance website, compiled a watch list of 130 entities, representing approximately 100 companies, that provide debt management and consolidation services for student loan borrowers. In all,
Amazon threw the grocery industry a major curveball Friday with its plans to acquire Whole Foods. The news has everyone thinking about who might be next on the buy list of Amazon CEO Jeff Bezos. It appears Amazon is looking to pick up in areas where it hasn’t been able to make headway online …
Nelson Peltz‘s Trian Fund Management has filed a notice for a board seat at Proctor & Gamble, according to a source close to the matter. When asked about whether any filings have been made during the current notice period, a P&G spokesperson said any disclosures will be made when P&G files its proxy later this
Amazon‘s purchase of Whole Foods is a “game changer” for the food industry, Jim Cramer said Friday. “This is such a game changer. … They will now dominate food within the next two years,” the “Mad Money” host said on CNBC’s “Squawk on the Street.” “I’m taking down numbers for everybody who sells food. Everybody.
Still, public schools are worth a closer look as you assess which colleges are affordable for your family. Even if you don’t qualify for the new scholarship program, New York’s average in-state tuition of $7,710 for the 2016-17 academic year makes it the 12th-cheapest nationwide, based on data from the College Board. If you’re out
But now Hootsuite Chief Executive, Ryan Holmes says he is responsible for Blankfein’s renewed social media presence. Talking to CNBC in an episode of Life Hacks Live, Holmes claims his book, The Four Billion Dollar Tweet, inspired Blankfein to get online. “He dropped me a note when he got onto Twitter only a couple weeks
With inflation and inflation expectations below target and declining, there would be little case for preemption even if inflation above target was a serious problem. But as we have seen, there are strong reasons for thinking that the Fed should, to be consistent with its mandate, let inflation rise above 2 percent. Fourth, as I
But lies are likely to catch up with you, especially if you have to file a claim. State laws vary, but if the lie is material to your claim, the insurer could deny you coverage and even cancel your policy, Peter Kochenburger, deputy director of the University of Connecticut’s Insurance Law Center, told CNBC. You
About 44 percent of households have more vehicles than workers, and 44 percent of households have as many vehicles as workers. If you and your spouse’s schedules are similar enough, it is worth dropping from a two to one car household, said Kyle Winkfield, managing partner of the wealth management firm O’Dell, Winkfield, Roseman and
On Friday, CHJ created a joint venture with French firm Clem, which creates a car-sharing platform for users. CHJ and Clem are trialing a car-sharing service in Paris, where Shen said the ultra-compact car could help ease traffic. CHJ is the latest entrant into the electric car space. Competitors include the likes of Faraday Future,
Andrey Rudakov | Bloomberg | Getty Images A Russian national flag flies above the headquarters of Bank Rossii, Russia’s central bank, in Moscow. “The Board notes that inflation is close to the target, inflation expectations keep declining, and economic activity is recovering,” the central bank said in a statement. Analysts had been split between predicting
As Aswath Damodaran, a finance professor at the New York University Stern School of Business, put it, “It’s always tough to follow a legend.” Suffice to say that Mr. Immelt won’t be writing a book like Mr. Welch’s national best seller, “Jack: Straight From the Gut,” to celebrate his tenure at the helm of G.E.
View Pictures | UIG | Getty Images Buckingham Palace Road,United Kingdom, Architect London, Google London Google could be slapped with a fine of more than 1 billion euros ($1.1 billion) as the EU begins the first stage of a three-pronged probe into the search group’s practices, the Financial Times reported. In the coming weeks, EU
Asia’s massive population and their expanding wallets have made the region a fertile ground for whiskey sales. Along with that came a group of aficionados who saw the potential to grow their wealth by investing in bottles of the distilled liquor. The principle behind it is simple: buy bottles of rare, limited edition whiskey and
Marriott International, which already has one hotel open in Cuba and another in the works, urged the Trump administration to rethink its plan. “We are at an important moment in the relationship between the United States and Cuba,” Marriott said in a statement. “Travel between our two countries continues to increase and strengthen an evolving
Kevin Hagen | Getty Images News | Getty Images Traders finish the day at the NYSE after markets took a sharp turn downward after news reports of former FBI Director James Comey’s interactions with President Trump on May 17, 2017. Check out the companies making headlines after the bell: Finisar shares slipped nearly 3 percent
Technology shares are under pressure this month on concerns that valuations are out of control, but a new report suggests growth stocks such as the tech group can still post strong long-term returns from these levels. Even at a price-earnings ratio near 20 for growth stocks, history shows returns 10 years later were in the
Summer’s here, and that means plenty of opportunity — and risk — for beach-house owners who want to rent out their dwellings. Reservations at Airbnb are up sharply year-over-year for beachside destinations, in the U.S. and abroad. Havana, Cuba — where you can rent a swanky seaside home for $528 a night — has seen
Make sure your trusted family member or friend has the contact details for your financial team. Ideally, you can arrange a meeting between them well before there’s a need, Schmitt said. That helps set guidelines for your trusted contact’s involvement and can make both parties feel comfortable reaching out with concerns. Without that prior interaction,
Forget frequent flier miles, last-minute getaways and even road trips. Nearly half of Americans say they won’t be taking a vacation this summer, mostly because they can’t afford it, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. The new AP-NORC survey, conducted in May, said 43 percent of Americans
Kroger CFO Mike Schlotman told CNBC on Thursday the grocer’s weak profit outlook was because of deflation in food prices and increased competition in the grocery industry. “In the quarter, we had about 20 basis points of deflation, excluding fuel. That was a little bit less deflation than the prior year and the prior quarter.
During the 2004–2006 period of Fed rate increases, for example, REITs posted cumulative total returns of 77.9 percent, compared with 32.5 percent for stocks and 8.6 percent for bonds. REITs own a broad array of property-ownership ventures, including apartments, hospitals, warehouses and commercial property such as hotels, shopping malls and office buildings. The game for
In simple terms, an IRA trust prevents an heir from receiving money outright from the IRA upon the account owner’s death. Without a trust, heirs can treat an inherited IRA as a piggy bank to whatever degree they want, as long as they take required minimum distributions as mandated by the Internal Revenue Service. Unfortunately,
Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report. The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89
The ability to pay for health-care needs is — and will remain — one of the most critical issues of retirement. Most people today will live longer than their parents or grandparents did. That means they’ll enjoy a longer retirement — but it also means they will most likely need more money to cover health
Getty Images A visitor stands in front of a painting entitled ‘Masterpiece,’ during a press preview of ‘Lichtenstein, a Retrospective’ at the Tate Modern on February 18, 2013 in London. Hedge fund billionaire Steve Cohen is back — and he’s spending bigger than ever. An avid art collector, Cohen paid $165 million earlier this year
While those returns are real money, it is important to remember there are, of course, risks associated with investing, as well as eventual tax payments. As such, there are six questions that can help you determine whether deferring compensation is a good choice ahead of the upcoming June 30 deadline: Do I have sufficient liquidity?
Saks Fifth Avenue owner Hudson’s Bay said on Thursday it would cut about 2,000 jobs across North America in a major restructuring effort as it reported a wider-than-expected first-quarter loss. The Canadian department store operator, which also posted a steeper-than-expected drop in quarterly retail sales, said the move would help the company save more than
“Work, freedom, dignity” was one of the many slogans that Tunisians chanted in 2011 to vent their frustration with the government of president Ben Ali, which they accused of having looted the country for over two decades. In less than four weeks, Tunisia’s “Jasmine” revolution forced the president to flee, and his regime to tumble.
Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera, a developer of software for managing and analyzing vast amounts of data, posted better-than-expected financial results in the company’s first earnings report since its IPO. That wasn’t good enough for Wall Street. Cloudera shares plunged 15 percent after hours