With issuance for 2019 pretty much done, investors and money managers look forward to a new year — and there is optimism that drivers of muni performance will carry over, making 2020 a fruitful year as well. The market has seen its share of slow starts to years, especially recently, but Dan Heckman, senior fixed-income
Nike sneakers on display Mike Pont | Bloomberg | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — U.S. Steel shares dropped 8.1% after the company cut its dividend and issued fourth-quarter earnings guidance that was well below analyst expectations. The company expects it will lose $1.15 per share in the
Busakorn Pongparnit | Moment | Getty Images The Democratic-controlled House passed a bill on Thursday that would do away with the $10,000 limit on the itemized deduction for state and local taxes for two years. Legislators narrowly voted in favor and did so largely along party lines: 218 to 206. The measure, dubbed the “Restoring
Share to facebook Share to twitter Share to linkedin Forbes Some of the largest companies in the world were on the first-ever Forbes Blockchain 50 list, inaugurated in early 2019, to recognize the most mature blockchain projects. As we look ahead into 2020, we’re now taking nominations for the next Blockchain 50 list, and expect
Ever since Facebook announced earlier this year that it was going to launch its own cryptocurrency, Libra, the token has been met with a lot of skepticism. Leading regulators at some of the world’s central banks, as well as United States President Donald Trump, have criticized different aspects of Libra. Major Details In a new
In general, 401(k) plans and 403(b) plans are very similar—both are defined-contribution retirement plans offered by employers to employees. The primary difference between the two is the type of employer that typcially sponsors them and the investment options. The 403(b) plan is offered to employees of tax-exempt organizations, such as charitable organizations and public schools.
Russia and Ukraine signed a protocol late on Friday agreeing terms for the transit of gas to Europe, bringing forward the long-awaited renewal of a deal due to expire at the end of the year. A stand-off between the two countries had threatened to disrupt supplies to Europe when the existing contract expires on December
Democratic presidential candidates do not seem particularly concerned about Americans’ retirement savings accounts, CNBC’s Jim Cramer said Friday. “I listened to the Democratic debate last night. None of those candidates, I find, is really interested in your 401(k),” Cramer said on “Squawk on the Street.” Seven candidates qualified for Thursday’s primary debate in Los Angeles,