Personal Finance

Meet Me In Singapore

Well, “the most important week of the year” got off to a relatively quiet start, all things considered. Of course Trump was anything but “quiet”. Or actually, he was quiet during U.S. business hours but his Twitter account lit up late Sunday evening with still more attacks on Canada and Europe. The man who on Saturday proclaimed the world “tariff-free” was, by Sunday evening, insisting that henceforth, “fair trade” will be called “Fool Trade”: Fair Trade is now to be called Fool Trade if it is not Reciprocal. According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us at 270%. Then Justin acts hurt when called out! — Donald J. Trump (@realDonaldTrump) June 11, 2018 We are now literally ...

Cisco shares to soar on its subscription sales opportunity: JP Morgan

J.P. Morgan reiterates its overweight rating for Cisco shares.

Home sales could be halted by looming lapse of flood insurance program

With hurricane season under way, home buyers who plan to get flood insurance through the federal government might want to speed up their purchasing process. Unless Congress takes action, the National Flood Insurance Program will lapse at midnight on July 31. While existing policy holders would retain coverage if the program is not reauthorized, no new policies could be written. This means home buyers whose lender requires flood insurance could be unable to close on the purchase if they have no policy options. “The main problem would be for people where there’s no private flood insurance available,” said Joe Resendiz, an insurance analyst with ValuePenguin. Federal law requires home buyers in certain flood-prone areas to get a policy. Yet in many high-risk areas, private i...

Chilean Criminals Have Turned to Avocado Theft, And Who Can Blame Them

Avocados, the lynchpin of millennial criticism, are proving that everyone wants a piece of the hottest food trend of the 21st century. Chile, one of the biggest exporters of avocados, is benefiting from increased demand. Specifically, the prices of avocados have grown 23% in the past year, and 9% in the past month. Sadly, these price increases haven’t come without repercussions While thefts have always existed, it has gone from people breaking into fields at night to organized armed groups assaulting producers in broad daylight, said Francisco Contardo, general manager of Chile’s avocado producers’ association. During the harvest season, from August to February this year, 10 bands were dismantled and 50 people were charged with theft. Now Chile has copied the avocado police of Mexico and C...

Here’s how much you need to earn to put your kid through college

It’s getting harder and harder to obtain a college degree without debt — but not impossible. The average outstanding student loan tab is $34,144, up 62 percent over the last decade, according to a report by Experian. Altogether, college loan balances in the United States have reached a record $1.5 trillion, according to a separate report by the Federal Reserve. To avoid such a significant debt burden, more families are considering public schools because of the tuition discount. But even for in-state students, costs are rising significantly. At public, four-year institutions, costs for the 2017-18 school year including room and board hit $20,770, according to the College Board. (Tuition plus room and board at four-year private universities was still much higher: $47,000, on average, i...

Goldman Reveals The Truth About The World Cup As Unmistakable Links Between ‘Fake’ Football And Global Economy Laid Bare

Well, it’s time for the World Cup and that’s a confusing time for a lot of Americans because it means having to (re)figure out why the rest of the world keeps referring to soccer as “football”. Of course that’s a misnomer. That’s just another example of what the President talks about when he says foreign interests are robbing America blind. They’re stealing our jobs all right, but they’re also stealing the name of our sports (#Sad). I imagine I’m preaching to the proverbial choir here because if you’re reading this, it means you have internet access which, like running water and electricity, is something that isn’t common outside of the United States (because #Shitholes). But on the off chance you’re someone who doesn’t live in America and somehow still has an interweb connection, let me e...

Activist investor Paul Singer has found his next power company turnaround candidate

Elliott Management is partnering with Bluescape Resources to win board seats and stage a turnaround at Sempra Energy.

The S&P levels to watch amid a huge week for the market

There are a few key levels to watch on the S&P 500 in such a market-moving week, says Piper Jaffray's Craig Johnson.

Activist investor Paul Singer just chose Sempra Energy as his next turnaround project

Elliott Management is partnering with Bluescape Resources to win board seats and stage a turnaround at Sempra Energy.

What Social Security’s budget woes mean for your retirement benefits

Many retirees struggle with one big question when deciding when to claim Social Security benefits: Will the system be there for me in retirement? News last week from the Social Security Administration potentially stoked those fears. In an annual report, the Social Security Board of Trustees said the trust funds that help support the system will run out of money in 2034, in keeping with previous projections. If nothing changes, only 79 percent of an individual’s benefit will be payable at that point. The report also said that program’s annual costs will exceed its income in 2018 for the first time since 1982. The program’s reserves are expected to decline this year as a result. The idea that Social Security would dip into its trust fund to pay for benefits comes as no surp...

AMD will create ‘stiff competition’ for Intel next year due to its chip manufacturing advances: Analyst

Intel will likely lose market share in the server chip business to AMD, according to Nomura Instinet.

Cramer: Stocks aren’t down because market believes Trump is ‘right’ about trade

Cramer says there are some people who believe the market doesn't take Trump seriously. The "Mad Money" host is not one of them.