Author: super@dmin
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Personal Finance Daily: This guy maxed out his 401(k) while living in Manhattan on a $40,000 salary and finally, a healthy bedtime snack
Happy Monday, MarketWatchers! Here are the top personal finance stories of the day. Personal Finance How couples should handle the sticky business of where to spend the holidays For starters, plan for Thanksgiving in July. I earn $15 an hour and will soon inherit $150,000 — what should I do? This woman has never been…
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Outside the Box: The big danger to the stock market is lurking in this chart
The big danger to the stock market is lurking in a chart that most investors are ignoring. Please click here for the chart of the core Producer Price Index (PPI) through October. Please note the following: Read: Wholesale inflation surges in October at fastest pace in six years • PPI measures inflation at the producer…
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Tips from a guy who managed to live in Manhattan on a $40,000 salary and still max out his 401(k) contributions
He was 22 years old. Working his first finance job. Making $40,000 a year. Living in Manhattan. Not Manhattan, Kansas, either. The Big Apple, where financial fortunes are made, and paychecks are squandered. There’s no place that will suck the life out of your budget quite like New York City. But Sam Dogen of the…
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Market Extra: Currency traders betting on a Brexit deal are having a rough time
A buoyant U.S. dollar, helped by uncertainties in the eurozone, is weighing on the British pound and making this Monday a particular painful start to the week for traders wagering that a Brexit deal, which would likely give sterling a boost, could be near. Sterling GBPUSD, -0.9866% was looking at its worst one-day drop in…
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In One Chart: Wall Street bonuses will be even bigger this year, but 2019 looks less rosy
Wall Street professionals are on track for larger bonuses this year, but it may not last. Financial firms will award year-end bonuses of up to 20% larger this year versus last year, according to an analysis released Monday by Johnson Associates, a New York-based compensation consulting firm. Equities traders, investment-banking underwriters and private-equity professionals are…
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Deep Dive: These S&P 500 companies increased quarterly sales the most while expanding margins
Some investors with long-term commitments aren’t interested in a company’s performance for only one quarter. Others react, or overreact, to breathless headlines after companies surprise analysts. Digging a little deeper might shed light on long-term investment ideas you may have overlooked. The financial media’s quarterly earnings coverage tends to focus on whether companies met, “beat”…
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After brawl with activist investor Elliott, Athenahealth is selling for a lower price
What makes a deal a good deal? For Athenahealth Inc., it’s all about perspective. The health-care technology company is being acquired for $135 per outstanding share, or a total value of about $5.7 billion, Athenahealth ATHN, +9.63% confirmed on Monday. That’s a major reduction from the $160-per-share bid that one of the acquiring parties, hedge-fund…
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Capitol Report: This government mortgage program helps veterans with spotty credit history and gets better results
Tammie Sohnrey Greg and Tammie Sohnrey with their children. Greg Sohnrey came home from Iraq in 2010 so badly injured the Veterans Administration said the then-30-year-old would never work again. But for Sohnrey, that experience paled next to losing a baby daughter, then watching two young sons go under a surgeon’s knife to repair holes…
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Outside the Box: Be prepared for more twists and turns in the stock market, according to Elliott Wave theory
Ever since the S&P 500 Index broke upper support of 2,880 points, investors have been on a rollercoaster ride. And I think we are heading into more loops in the coming weeks. When the market broke down below 2,880, and followed through below 2,770, we had our sights set on the 2,600 region for an…
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CryptoWatch: Cryptos steady; Ethereum co-founder Lubin says blockchain can add wealth
Cryptocurrency prices are trading marginally higher to begin the week. Bitcoin, BTCUSD, +0.58% the world’s largest digital currency, was last fetching $6,381.71, up 0.6% since Sunday at 5 p.m. Eastern Time on the Kraken exchange. Over the weekend, the price of a single bitcoin slipped below $6,300 for the first time since Oct. 31. Decentralize…