Homebuilder stocks are slipping after sales of previously owned U.S. homes fell more than forecast in March and KBW cut its rating on D.R. Horton shares. Home sales declined for a fourth time in five months, even with lower mortgage rates, wage gains and slower home-price appreciation. The S&P Supercomposite Homebuilding Index fell as much as 1.6 percent Monday, its biggest intraday decline since March 28, led by William Lyon Homes, M/I Homes Inc.
Webster Financial WBS reported a positive earnings surprise of 5% in first-quarter 2019. Adjusted earnings per share of $1.06 surpassed the Zacks Consensus Estimate of $1.01. Also, the bottom line increased 24.7% from the prior-year quarter.
Legendary investor Warren Buffett, the third richest person in the world, argues in a new interview that the best way to address income inequality is through the Earned Income Tax Credit. "[I] think the Earned Income Tax Credit is the best way to put money in the pockets of people that don't fit well under the market system, but that are perfectly decent citizens," Buffett, the CEO of Berkshire Hathaway (BRK-A, BRK-B), said in a wide-ranging interview with Yahoo Finance's editor-in-chief, Andy Serwer. The Earned Income Tax Credit is a refundable tax credit that goes to millions of low- to moderate-income workers, particularly parents, to supplement their earnings.
Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan's management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, the Nikkei said. The outlook for the alliance - one of the world's top automaking partnerships - has been in focus since the arrest in November of its main architect, Carlos Ghosn, for financial misconduct.
Kraft Heinz Co said on Monday it would replace Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev marketing chief Miguel Patricio, as one of the world's largest packaged food companies looks to reinvigorate its brands after years of cutting costs dented their value. In February, the Heinz ketchup maker cut its dividend payouts, wrote down the value its marquee Kraft and Oscar Mayer brands and other assets by more than $15 billion and disclosed a regulatory probe into its accounting practices. The Velveeta cheese maker's second biggest shareholder 3G Capital has pushed the company to rein in expenses to tackle higher costs and sluggish growth, a strategy it has used effectively at Heinz and Anheuser-Busch, another company in which it has a stake.
What makes people happy in retirement? Finke has been researching the question of what makes people happy in retirement because he wants to know to what extent does what people do with their money make them happy in retirement. The first pillar is money, which he says is good news for those of who are actually saving for retirement.
One of the big themes in the cannabis sector in 2019 has been increased Wall Street coverage. Specifically, Wall Street firms were largely unwilling to cover cannabis stocks in 2018 given the industry's relative newness, rampant investor speculation and lack of fundamental tangibility. One big firm that just initiated coverage on pot stocks is Bank of America.
Lower volume of commercial deliveries is expected to hurt revenue growth of The Boeing Company's BA Commercial Airplanes segment in the first quarter of 2019. The aerospace giant is slated to release quarterly results on Apr 24, before market open. Poor Delivery Figures Boeing announced dismal first-quarter 2019 commercial delivery figures on Apr 9.
Best Time To Buy A Car: Shopping On These Days And Months Will Save You Tons Of Money
Dogen started his FIRE journey with a $40,000 salary in 1999 in Manhattan and was pulling in more than $300,000 – with his wife – when he reached financial independence 13 years later. Leif Dahleen, the author of the blog Physician on FIRE and an anesthesiologist by trade, was making about $400,000 when he realized he could retire early, but he's keenly aware that accomplishing FIRE is a lot harder for those making the median income of $62,000. After taxes, they have a $50,000 budget.
U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month. February's sales pace was revised down to 5.48 million units from the previously reported 5.51 million units.
Health Savings Account Rules: 6 Little-Known HSA Tips That Will Save You Money
The economic expansion that began post-financial crisis is nearing the 10-year mark, matching the longest in history. It is troubling times at the Federal Reserve, with President Trump's public bashing of Fed chairman Jerome Powell preceding a reversal in Fed policy on interest rates hikes. The economy is doing well, and inflation is under control, but if it slows the Fed will have few tools left to fend off a recession, or could even help cause one through drastic rate hikes.
Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
As millions of pigs disappear in China, the rest of the world is beginning to notice. The country's pig population, the largest in the world, is likely to shrink by almost a third, losing 130m animals as African swine fever ravages the country's farms. The outbreak will reshape protein markets across the globe, driving up meat prices as China, the leading consumer and producer of pork, braces for years of shortages and disruptions to its food supply.
Exact Sciences Corporation EXAS is scheduled to report first-quarter 2019 earnings results on Apr 30, 2019, after the market closes. The company's track record has been impressive so far, having delivered a positive surprise in each of the trailing four quarters, the average being 16.26%. In the last reported quarter, Exact Sciences came up with an earnings surprise of 12%.
Shares of Tesla fell on Monday after reports that one of its Model S sedans spontaneously exploded in a Shanghai parking garage, and also after receiving a downgrade from analysts at research firm Evercore ISI. Tesla shares were down 2.57%, or $7.01, at $266.25 in mid-morning trading on the Nasdaq Stock Exchange after reports surfaced on social media overnight that a first-generation model S sedan caught fire and exploded. Investors also reacted negatively to a report from Evercore ISI analyst Arndt Ellinghorst, who downgraded the company's stock to the equivalent of a sell from hold on expectations that demand for Tesla's cars will wane amid increasing competition.
The Vanguard Prime Money Market Fund Investor Shares is a conservative investment option offered by The Vanguard Group, one of the world's largest equity and fixed income managers. VMMXX is a taxable money market account designed for the retail investor. Overview of the Vanguard Prime Money Market Fund When the Federal Reserve increases interest rates, investors start to eye money market mutual funds.
Analysts expect Ford to post earnings per share of 41 cents when the company reports first-quarter earnings on Wednesday. Analysts expect year-over-year gains for earnings and revenue. Investors will be concerned about comments regarding the rising prices for aluminum and steel, difficult foreign exchange volatility, rising auto loan rates squeezing Ford Credit's margins and spending on autonomous vehicles.
A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The information may help those who are currently working and saving, by giving them more ability to plan their finances and prepare. A survey of “Saving Regret” targeted 1,600 Americans aged 60 to 79 to ask them about whether they had saved enough money — and if not, why not.
Vanguard Real Estate ETF (VNQ) The best bet for most novice investors is to stay focused on the U.S. and buy into the largest public companies tied to the real estate market. VNQ is at the top of the list for broad, diversified exposure and a very reasonable expense ratio. While its primary goal is high income, investors may see appreciation in the overall value, too.
The yield on the U.S. Treasury 10-Year Note rose to 2.614% on April 17 and then dipped to 2.549% on April 18. The rise in yield was likely caused by the reduction of $4 billion in U.S. Treasuries for the period ended on April 17. Most likely, the Federal Reserve allowed the $4 billion to roll off of its balance sheet by not reinvesting the proceeds from Treasuries that matured on April 15.
The White House on Monday announced it would end sanction exemptions for Iranian oil exports, which could cause another spike in U.S. gasoline prices as crude oil prices jumped on Monday to the highest level this year. President Trump is looking to drive Iran's oil exports to zero by ending the exemptions to the sanctions which were granted to eight countries which buy Iranian oil. The waivers were set to expire next month.
Zoom Video Communications (ZM) founder and CEO Eric Yuan should head over to Uber's headquarters and hold a last minute tutorial on how to successfully go public. “When we started our company, every time we did funding rounds we left money on the table because those are our business partners. “To leave money on the table is always a good thing,” Yuan added.
Bristol-Myers Squibb Company BMY is scheduled to report first-quarter 2019 results on Apr 25, before market opens. The company's shares have declined 8.5% in the past six months compared with the industry's decline of 0.8%. Bristol-Myers has delivered average positive earnings surprise of 14.3% in the trailing four quarters.