Photovoltaic solar cells Getty I wrote yesterday about the uncanny level of agreement I recently witnessed at a gathering of influential economists over the need for a carbon tax. There is widespread recognition in the economics profession that a carbon tax could be an effective tool to fight climate change. The next question is what the policy
First, former Trump campaign chairman Paul Manafort was convicted on eight counts, the first conviction for Special Counsel Robert Mueller. Then, he was sentenced to 47 months in prison, a sentence many say was too light. Prosecutors wanted a lot more jail time, and the Sentencing Guidelines suggested that a lot more time was probable. No one wants to
Share to facebook Share to twitter Share to linkedin Photocredit: GettyGetty Trying to buy and sell a home at the same time is difficult. No matter which side of the transaction happens first for you, there’s likely going to be a time where you have to either have to balance two mortgages or have to
Amazon has plans to make another big splash in the grocery industry and Costco may be the only company prepared to defend its market share, CNBC’s Jim Cramer said Monday. The “Mad Money” host recommended that investors can buy shares of both Amazon and Costco, but they should sell their stake in Kroger. Although Amazon
Don’t expect exchange-traded funds to go anywhere, Invesco’s head of ETFs said Monday. “We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow,” Dan Draper told CNBC’s Bob Pisani. Critics of ETFs say they can lead to increased volatility. Jack Bogle, the late
Investors can place a bet on eBay now that the e-commerce corporation could potentially be split up, CNBC’s Jim Cramer said Monday. “I want you to buy eBay,” the “Mad Money” host said. “I think that what Elliott [Management’s] done is remarkable. I think that Devin Wenig as CEO—I think he’s gonna go with the
An interview with billionaire quantitative investor and co-founder of AQR Capital Management, Cliff Asness. In this interview, Cliff discusses his momentum trading strategy and how to exploit other investors psychology. Cliff also talks about the worth of Hedge Funds, Bubbles and Liberty.????Books by Cliff Asness and books on him are located at the bottom of
When financial advisor Cathy Curtis takes on a new client, she gives them a questionnaire that asks, “Are you interested in impact or sustainable investing?” Most people say yes to these investments, which involve putting money into companies that are keeping climate change and other concerns in mind, according to Curtis, founder and chief executive
Retirees with high prescription drug costs might want to keep an eye on President Trump’s hoped-for changes to Medicare. The president’s proposed 2020 budget, released Monday, calls for allowing Medicare to negotiate lower prices with pharmaceutical companies and would cap how much beneficiaries pay out-of-pocket under Part D prescription drug coverage, among other provisions. Yet
“Tax the rich, feed the poor, ‘till there are no rich, no more.” Ten Years After’s is one of my all-time favorite tax quotes, recently remembered in Barron’s. Another is Franklin’s “nothing (is) certain, except death and taxes,” though preferring to consider myself an especially astute tax practitioner, I grow more convinced, as I age, of
“Tax the rich, feed the poor, ‘till there are no rich, no more.” Ten Years After’s is one of my all-time favorite tax quotes, recently remembered in Barron’s. Another is Franklin’s “nothing (is) certain, except death and taxes,” though preferring to consider myself an especially astute tax practitioner, I grow more convinced, as I age, of
For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The
The latest figures on retail sales don’t necessarily paint a complete picture of what’s happening in the sector, two former CEOs told CNBC on Monday. U.S. retail sales unexpectedly rose in January, climbing 0.2 percent, according to the Commerce Department. However, data for December was revised down to show retail sales tumbling 1.6 percent instead
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
French tycoon Bernard Tapie is facing a criminal trial over a fraudulent 404 million-euro ($450 million today) arbitration package linked to his sale of sportswear company Adidas in the 1990s. Civil courts have already ruled the unusually generous 2008 award was the result of fraud and ordered Tapie to refund the money. Tapie and five
Shares of Boeing lost roughly 9 percent on Monday after one of its best-selling planes, the Boeing 737 MAX jet, saw its second deadly crash in less than five months, and Wall Street is divided on what’s next for the stock. Here are three experts’ opinions on what’s in store for the aircraft manufacturer: •
As renewed interest in bonds continues, there is also growing interest in non-traditional bonds and strategies. “The financial crisis of ’07 to ’09 resulted in much lower interest rates, which led to new and different investment mandates in bond investing,” said certified financial planner and CPA Edward P. Schmitzer, president and founder of River Capital
Owe Uncle Sam on taxes? Paying with your credit card might help you rack up perks — if you do it right. The IRS takes checks and electronic fund transfers. The agency will also let you pay with plastic for a fee through a payment processing company. Be aware that in general, paying your taxes
As Americans go to the polls on Tuesday for primaries in five states, one big contingent that may wield tremendous influence is the small-business rank and file. The nation’s 28 million small businesses represent 54 percent of all U.S. sales and have provided 55 percent of all jobs since the 1970s, according to the Small
Retirement is a challenging topic. People are living longer, but often not saving enough. Other than pumping as much money into your 401(k) and Roth IRA accounts, what should be on your radar screen? The most important items are often missed by retirees. These wild cards can financially deplete a retirement kitty, but you can