Investor Peter Boockvar believes Wall Street is on the cusp of taking inflation more seriously. With the 10-year and 30-year Treasury Note yields trading around four-month highs, the Bleakley Advisory Group chief investment officer warns high inflation paired with slower economic growth, otherwise known as stagflation, is becoming a major risk. “A stagflationary-type environment, if
Month: October 2020
Seema Verma, administrator of the Centers for Medicare and Medicaid Services, speaks at the daily coronavirus briefing at the White House on April 19, 2020 in Washington, DC. Tasos Katopodis | Getty Images The Department of Health and Human Services is threatening to withhold U.S. funding from hospitals that fail to comply with federal requirements
Images By Tang Ming Tung If you typically don’t file tax returns and haven’t yet received a $1,200 stimulus check, you now have five more weeks to submit your information to the IRS in order to get your money. The IRS announced on Monday that it has extended the deadline for non-filers to Saturday, Nov.
Finding the right financial advisor to help with your financial needs and goals can be complicated. There are so many things to consider. Many advisors use a big assets-under-management figure as a selling-point when marketing themselves to investors. However, AUM isn’t the whole story when a potential client is determining which firm is right for
Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. Kevin Dietsch/UPI | Bloomberg | Getty Images Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists
Like many successful executives — from Amazon CEO Jeff Bezos to Tesla and SpaceX CEO Elon Musk — Spotify co-founder Daniel Ek has his own unique morning ritual. But, “compared to some leaders,” Ek said in an interview this year with The Observer Effect, his routine “will sound incredibly lazy.” “I wake up at around 6:30 in the morning and spend some time
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., Oct. 30, 2019. Al Drago | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said
Democratic presidential candidate Joe Biden says his tax hikes would only effect the wealthy — defining “wealthy” as those who make more than $400,000 a year. But according to a financial planning analysis, families making $400,000 a year aren’t exactly living large — especially in major cities. A family of four with $400,000 a year
June 13 (Bloomberg) — Behind two sets of ornate doors at Tiffany’s New York flagship store is a top-secret room. The Salon houses Tiffany’s most over-the-top pieces. The way you gain access is by referral or spending a lot of cash. With wedding season in full swing, Jeff Bennett, Tiffany’s vice president for the New
WorkingNation highlights the trend of technology and globalization replacing jobs in diverse industries across the United States.
Melissa Bradley founded 1863 Ventures to help women and people of color jump start their businesses. Source: Melissa Bradley Melissa Bradley’s mission to help women and people of color build their businesses stems from the hardships she faced as a young entrepreneur. The 52-year-old, co-founder of the mentorship tech platform Ureeka and a Georgetown University
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images The markets are coiling and compressing as they process jarring events and political suspense, with potential energy building up for eventual release. The stock market has been vibrating within a
Mark Cuban, entrepreneur and investor on ABC’s “Shark Tank,” has invested in hundreds of successful companies to date. In the 1990s, Cuban founded and sold several start-ups that helped him reach billionaire status. And in 2000, he paid $285 million for a majority stake in the Dallas Mavericks. (Under his ownership, the team won an NBA championship in 2011 and is now valued at an estimated $2.3 billion,
A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York Mike Segar | Reuters Check out the companies making headlines in midday trading. Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used
3D illustration of coronavirus on a colored background. Leonello Calvetti | Stocktrek Images | Getty Images The Centers for Disease Control and Prevention revised its guidance on the coronavirus Monday, acknowledging that it can sometimes spread through airborne particles that can “linger in the air for minutes to hours” and among people who are more
Getty Images You’ve heard of buyer’s remorse when it comes to things people buy. But you may not know that people can experience those same regrets because of the way they choose to pay for their purchases. One frequent culprit: retail credit cards. Purchases made with those accounts will likely end up costing consumers more
CNBC’s Jim Cramer said Monday that he thinks the stalemate in coronavirus stimulus discussions could be close to breaking, potentially giving a boost to stocks. “Talks this morning could be fruitful, and I think that therefore I wouldn’t bet against this market right now,” Cramer said on “Squawk on the Street.” House Speaker Nancy Pelosi,
Crowdcube co-founder and CEO Darren Westlake. Crowdcube LONDON — British start-up investing platforms Crowdcube and Seedrs are set to merge in an industry-shaking deal that will create a £140 million ($181.4 million) equity crowdfunding powerhouse. Crowdcube and Seedrs, founded in the wake of the 2008 financial crisis, shook up the capital markets by allowing the
Source: Walmart Brent Morgan is one of many Americans who have had a Walmart package dropped off at his home during the coronavirus pandemic. Yet his delivery did not fit the typical mold. A drone flew overhead and dropped a bag in his front lawn. Inside, there was an at-home Covid-19 test kit. The aerial
This 420-square-foot studio in Manhattan can transform into five different rooms and is on the market for just under $1 million.
Erin McClellan, owner and lead designer of Sprigs Floral Designs in San Luis Obispo, Calif. Blake Andrews | Slotography In 15 years of running a business, this year has proven to be the most difficult for Erin McClellan, owner of Sprigs Floral Designs in San Luis Obispo, California. And it turns out 2020 had one
With the U.S. presidential election about a month away, former President Barack Obama has urged citizens to cast their votes in a race that matters not only nationally, but globally. As the de facto world leader and international standard-bearer for policymaking, the U.S. holds major sway over world events and the choices made by the
President Donald Trump addresses the U.S. public after being hospitalized at Walter Reed. October 3, 2020. The White House Stock futures rose in overnight trading on Sunday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day. Futures on the Dow Jones
2021 F-150 Limited Ford Sales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter. While Ford’s vehicle sales fell by just 4.9% from the same time last year, the drop was about half that of the broader industry and smaller
Justin Sullivan | Getty Images With 74-year-old President Donald Trump testing positive for Covid-19, Medicare beneficiaries may be reminded of their own vulnerability. For the 62.7 million people enrolled in Medicare — the majority of whom are age 65 or older — the coronavirus generally poses a greater health risk. While Congress and regulators have
Spencer Platt | Getty Images How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it’s best to be prepared. October is a notoriously volatile month, and this week’s heated presidential election debate did little to calm the markets — especially with the looming
Nathan Clarke went from working a minimum wage job to having a net worth of $100,000 in less than 10 years. One way he saves money is by buying used cars — and always paying for them in cash. In the nine years since he turned 18, he has bought three used cars, two of
U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak to reporters after their coronavirus relief negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol in Washington, U.S. August 7, 2020. Jonathan Ernst | Reuters The trading community is actively debating the
President Donald Trump announced Friday that he has tested positive for Covid-19, and he isn’t the first sitting president to contract a highly contagious and potentially deadly virus in the middle of a pandemic. Former President Woodrow Wilson became ill with the 1918 flu when he was in Paris in April 1919 organizing a peace treaty
Is recycling worth it? When it first took off recycling was seen as one of the environmental movement’s great successes. But recent market forces have made more and more countries reconsider the cost of going green. #Recycling #China #QuickTake ——– Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg is the First Word in