Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s
Investing News
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil reported its third straight quarter of losses on Friday as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter the company lost $680 million, although Exxon said results improved on a
Presidents get a lot of the blame, and take a lot of the credit, for the performance of the stock market while they are in office. However, the truth is that the president’s ability to impact the economy and markets is generally indirect and marginal. It’s Congress that sets tax rates, passes spending bills, and
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that a lack of coronavirus stimulus is making it hard for investors to buy stocks into a worsening of the United States’ Covid-19 outbreak. “It’s very hard to buy a lot of stocks when you see these numbers,” Cramer said on “Squawk Box,” as
Credit Karma’s promise is to provide you with your credit score and credit report for free. But is that really worth giving up your personal and financial information? Is Credit Karma giving you precisely the same information that a lender will check if you’re applying for a mortgage or a car loan? And, for that matter, is it
Getty Images Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line. American Express, Mastercard and Visa all reported double-digit drops in profit for the recent quarter, compared to a year ago. The companies pointed to a plunge in international travel as borders remain closed during the pandemic.
Our relationship with money starts at an early age when we notice family members exchanging coins or bills for all sorts of stuff we like. Money’s power and authority grow when we get our first allowance or paid chore. These early experiences foster habits and beliefs that last throughout your life. Its challenges multiply as we approach adulthood
CNBC’s Jim Cramer said he sees positives for investors after steep market declines Wednesday as Wall Street grew further concerned about the coronavirus pandemic. “I recognize the carnage, but I do think the carnage is reversible,” Cramer said Wednesday on “Closing Bell,” after the Dow Jones Industrial Average gave up 943 points, or 3.4%, in
The implementation of smart contracts in business is expected to speed up transactions and enable digitization of a wide variety of physical assets, such as oil and gold. But the legal and regulatory underpinnings of smart contracts are still shaky and rife with their own set of problems. Resolving disputes between parties is the biggest
Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a
There are many reasons to commemorate the decade since 2008, but the 10th birthday of Bitcoin is one that’s both surprising and encouraging. Bitcoin’s controversial and volatile nature has a way of obscuring the greater picture in favor of whatever crazy news about it dominate the day’s headlines. This could be why it seems Bitcoin’s
As parts of the world brace for a second wave of Covid-19 infections, the economic impact on Asia will likely be “limited” as the region will remain resilient, according to a Credit Suisse strategist. “I think clearly Asia is going to be resilient in the face of a second wave in developed markets in the
Retirement can be a wonderful opportunity to spend time with loved ones, explore new interests, and travel to new destinations. But a comfortable retirement requires advanced planning and a clear sense of your financial needs. To ensure that you have enough for the lifestyle you want, it’s important to consider how your income and savings
Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017. Paul Morris | Bloomberg via Getty Images The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to
Earnings Per Share (EPS) vs. Dividends Per Share (DPS): An Overview Earnings per share (EPS) and dividends per share (DPS) are both reflections of a company’s profitability, but that’s where any similarities end. Earnings per share is a ratio that gauges how profitable a company is per share of its stock. On the other hand,
What Is Private Mortgage Insurance (PMI)? Private mortgage insurance (PMI) is a type of insurance policy that protects lenders from the risk of default—or nonpayment by the borrower—and foreclosure. PMI helps homebuyers who are either unable or choose not to make a significant down payment obtain mortgage financing at an affordable rate. If a borrower
There is no difference between term structure and a yield curve; the yield curve is simply another name to describe the term structure of interest rates. What Is the Term Structure of Interest Rates? The term structure of interest rates is a graph that plots the yields of similar bonds in the Y-axis with the
There are a vast number of agencies assigned to regulate and oversee financial institutions and financial markets, including the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Securities and Exchange Commission (SEC). Each agency has specific responsibilities, allowing them to function independently. Though the effectiveness and efficiency with which these regulatory
Source: Texas Instruments | Wikipedia Volatility has once again returned to Wall Street. Swinging between positive and negative territory in the previous five sessions, the market’s movements have largely been tied to updates on the ongoing stimulus talks. Working for months to pass additional stimulus measures, both sides of the aisle are making a last-ditch
When we talk about the top savers among countries, we are really talking about which countries have the highest savings rates. These are not necessarily the nations with the highest incomes. For example, a country where the average person makes $10,000 and saves $2,000 would have a 20% savings rate. Another country where people save