White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. That would be 12.4% higher than Monday’s close. “I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “Forecast wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing
Month: January 2020
Rawpixel | Getty Images Rawpixel | Getty Images 1. Create a budget Not having a budget is probably what got you here in the first place. Keeping track of how much you bring in versus how much you spend is vital to prevent future budget busts. Some experts recommend looking at three to six months’
Share to facebook Share to twitter Share to linkedin The S&P 500 rose 29%, the best yearly return since 2013. Wang Ying/Xinhua News Agency/Getty Images Topline: The market boomed in 2019, with major indexes hitting numerous record highs as stocks posted their best annual return in six years, thanks to the U.S. economy’s moderate expansion
Getty Better late than never: The Internal Revenue Service (IRS) has issued the 2020 standard mileage rates. Beginning on January 1, 2020, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile for business miles driven (down from 58 cents in 2019) 17 cents per mile
Share to facebook Share to twitter Share to linkedin This never-lived-in oceanfront mansion is priced at $43 million. Andy Frame Photography The eight-bedroom mansion on the oceanfront in Palm Beach, Florida, is a reminder of the Gilded Age. But, no one has ever lived in it. It’s a eight-bedroom, 14,000-square-foot spec house developed by English
Jeff Kravitz Mariah Carey’s Twitter account was hacked on New Year’s Eve allegedly by the same group that took control of Twitter CEO Jack Dorsey’s account. Dozens of tweets were posted on the hacked account, some using the N-word and others referring to the Chuckling Squad, a hacker group that took control of Dorsey’s account,
Trader Peter Tuchman reacts as the final day of trading for the year draws to a close at the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., December 29, 2017. Andrew Kelly | Reuters Here’s what you need to know about Thursday before you hit the door for New Year’s Eve. New year
Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying that the U.S. economy is recession-proof. Investors could be excused for getting a little nervous over
Many Americans hold multiple retirement accounts — and there are many reasons why they should consider combining those nest eggs instead of letting them gather dust. Around 25 million Americans left behind money in a 401(k) account when separating from an old job, according to the Government Accountability Office, which analyzed 10 years’ worth of
By Jamie Hopkins, Next Avenue Contributor Getty The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement legislation passed in 13 years. Ultimately, the law focuses on retirement planning in three key areas: 1) modifying required minimum distribution (RMD) rules for retirement plans;
Wall Street’s famous Charging Bull (Photo by William Volcov/Brazil Photo Press/LatinContent/Getty … [+] Images) 2017 Brazil Photo Press 2019 was a very good year for the stock market with the Dow 30 Industrials increasing 22.3%, the S&P 500 up 28.9% and the NASDAQ 35.2%. As we enter 2020 there is increased optimism about the markets
Share to facebook Share to twitter Share to linkedin Miami Skyline with palm trees Getty Art is fast becoming Miami’s must-have amenity in luxury real estate. Miami developers and real estate agents are targeting art collectors as buyers for their new oceanfront condominium towers and multi-million dollar homes. It’s not surprising Miami is home
An employee picks up a Juul Labs device kit for a customer at a store in San Francisco. David Paul Morris | Bloomberg | Getty Images The Trump administration will ban flavored e-cigarette pods, with the exception of menthol and tobacco flavors, and flavored liquid nicotine products commonly sold in vape shops, a senior administration
Tim Cook, CEO of Apple Inc. Getty Images Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too. Apple’s trailing price-to-earnings (P/E) ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over
Swedish climate activist Greta Thunberg at COP 24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change. Katowice, Poland on 5 December, 2018. Photo by Beata Zawrzel/NurPhoto via Getty Images Investing for climate change had been a niche on Wall Street, often generating sub-par returns, but in the coming
A sign displayed on Bruckner Building reads ‘Commercial Space Available’ in the Port Morris neighborhood of the Bronx borough of New York. For a limited time, investors who develop real estate or fund businesses in opportunity zones are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in
Bond prices are sensitive to interest rate changes, and bond duration is a measure of just how sensitive. For instance, in Exhibit 1.1 (shown in my last article), an increase in interest rates for the simple bond from 3 percent to 4 percent caused the bond’s price to fall by 8.1 percent. This bond has
PARIS, FRANCE – DECEMBER 26: In this photo illustration, the microblogging social network Twitter … [+] logo is displayed on the screen of a smartphone on December 26, 2019 in Paris, France. (Photo by Chesnot/Getty Images) Getty Images There was a lot of tax talk in 2019 – especially on social media. From Bitcoin to
This 2,000-square-foot unit at 215 Chrystie St. on Manhattan’s Lower East Side is listed for $7 … [+] million after a $1 million price cut in May. Olshan Realty Luxury real estate in Manhattan, where the median sale price is quadruple the rest of the U.S., had a terrible 2019 as the market adjusted to