Charles Herron

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The 10 Worst Ideas For Your Investment Portfolio

John Rafal recently met with a new client who had a $9 million portfolio, stuffed with the kinds of things brokers sell, but investors shouldn’t own.<p>“Her portfolio is a textbook of what you shouldn’t do,” said Rafal, founder of Essex Financial Services, an independent advisor with about $3.3 …

Under Obamacare's "Closed Formularies" Patients With Serious Chronic Diseases like MS Don't Get Access to Vital Medicines

Americans who sign up for insurance under Obamacare are finding many of these plans offer very narrow options when it comes to their choice of doctors and drugs.<p>Some argue these narrow benefit designs aren’t unique to Obamacare. But this isn’t entirely true. The construction of the exchanges …

Secret iPad Split Screen Mode Shown In Video

One of the big omissions from WWDC 2014 was an iPad split screen multitasking mode. Critics argued it was the last big step required for iPads to become truly powerful laptop alternatives and the feature was widely tipped to appear in iOS 8. It was a no show. Until now.<p>Earlier this week iOS …

James Franco and Seth Rogen Try To Kill Kim Jong-Un In 'The Interview' Trailer

James Franco and Seth Rogen are joining forces again for another comedy which may leave Kim Jong-Un unhappy.<p>Sony Pictures just released the first teaser trailer for "The Interview," in which the two run a celebrity tabloid show.<p>The pair get recruited by the CIA to assassinate Jong-Un after they …

With Eric Cantor's Loss, Washington Could Get Ugly And Harm The Economy All Over Again

House Majority Leader Eric Cantor's stunning loss in his Republican primary this week could have effects far beyond his district and far beyond the internal politics of the Republican Party.<p>Some are worrying about what Cantor's loss could mean for the economy. The Tea Party has become emboldened, …

Two Big Economic Datapoints Are Coming Out Today

From Calculated Risk:<p>• At 8:30 AM ET, <b>Retail sales for May</b> will be released. The consensus is for retail sales to increase 0.6% in May, and to increase 0.4% ex-autos.<p>• Also at 8:30 AM, the <b>initial weekly unemployment claims repor</b> t will be released. The consensus is for claims to decrease to 309 …

Lululemon Is Crashing

The Vancouver-based firm now sees full-year revenue of $1.77 billion to $1.8 billion, compared with earlier estimates for $1.77 billion to $1.82 billion.<p>They reported profits of $19 million, or $0.13/share, down from $47.3 million, or $0.32/share, a year ago.<p>Same-store sales climbed 1%.<p>The firm …

Hagel on Bergdahl deal: We could have kept Congress better informed - CNN.com

<b>(CNN)</b> -- It was perhaps the most contentious moment during a House Armed Services Committee hearing filled with them.<p>Rep. Jeff Miller, R-Florida, appeared to strike a nerve Wednesday when he pressed Defense Secretary Chuck Hagel on why it was taking the U.S. military so long to interview Army Sgt. …