Jarrett Lee Hastig

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Special Investigation: The Dirty Secret Behind Warren Buffett’s Billions

David DayenAmerica’s favorite investor loves monopoly, not free markets.The post Special Investigation: The Dirty Secret Behind Warren Buffett’s …

Investing

Last February, Trump signed a bill making it easier for people with mental illness to buy guns

Republicans rolled back even the most modest gun regulations.<p>It did not attract a ton of attention at the time (nothing does these days) but about a year ago on February 28, 2017, Congress passed and Donald Trump signed a law revoking an Obama-era regulatory initiative that made it harder for …

Should I use my savings to pay off credit card debt?

<i>I have been in the workforce for a few years now (graduated in 2014) and have a decent mutual fund in place ($9,000), savings account ($9,000) and a Roth IRA ($10,000) because my current company does not offer a 401(k). But I do have credit card debt ($9,000) and student loans to pay off. Should I</i> …

Personal Finance

Economists Beginning to Worry Trump Might Nuke the Economy After All

And they’re not mincing words.<p>When <b>Donald Trump</b> was running for president, he routinely bragged about being the “King of Debt.” “I’m great with debt,” he told <b>Norah O’Donnell</b> in a June 2016 interview. “Nobody knows debt better than me. I’ve made a fortune by using debt, and if things don’t work out I …

Donald Trump

Car negotiating secrets for people who hate haggling

A short stint as a car salesman taught me that dealers are pros who negotiate all day for a living — and they always have the home field …

Kelley Blue Book

Here's How Hard Bitcoin and Other Cryptocurrencies Are Crashing Right Now

Ripple has taken a big hit, too.<p>Panic appears to be setting in for cryptocurrency investors.<p>The price of Bitcoin, which had plunged even before this …

U.S. trade deficit rises to highest level since 2008, fanning criticism of Trump

Despite President Trump's vow to reduce the United States' large trade deficit, the nation's long-standing imbalance with the rest of the world widened substantially during his first year in office, to the highest level in almost a decade.<p>The Commerce Department said Tuesday that the U.S. trade …

Economy

Jerome Powell's big test: Raise rates and avoid a recession

Talk about a baptism of fire. Jerome Powell's first day as new Federal Reserve chairman saw the biggest stock market meltdown in over six years.<p>He's not the first Fed chair to be tested early in his tenure. Just two months into his 19-year stint at the helm, Alan Greenspan's mettle was tried by the …

Stock Markets

Treasury's Mnuchin says he wants answers on Equifax breach

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc (EFX.N) after a report that the agency's chief has pulled back from investigating the …

Donald Trump

Trump aide: Some immigrants 'too lazy' to sign up for DACA

WASHINGTON (AP) — Some immigrants may have been "too afraid" or "too lazy" to sign up for the Obama-era program that offers protection from …

Immigration

A former Trump economic adviser is now predicting financial doom: 'This thing is going to implode'

Former Trump economic adviser Carl Icahn, who last November was slapped with a subpoena from the U.S. Attorney’s office in the Southern District of …

Stock Markets

7 Ways to Protect Your Retirement Nest Egg in a Volatile Stock Market

After a long stretch of calm and a relentless rally, the stock market appears to be taking a breather. No one should be surprised -- unless you’re …

Stock Markets

The Sell-Off's 5 Big Bargains | Investopedia

<i>(Note: The author of this fundamental analysis is a financial writer and portfolio manager. He and his clients own shares of GOOGL.)</i><p>The stock market …

Investing

The Trump administration keeps falling back on one mantra to soothe worries about the stock market meltdown

As the stock market spirals downward in what economists have characterized as the first major correction of Donald Trump's presidency, the White House is leaning on one phrase to try to soothe concerns: The "fundamentals" of the economy are "strong."<p>As stocks around the world tanked, Vice President …

Why the SpaceX Falcon Heavy Rocket Is Such a Big Deal for Elon Musk

No one makes news like Elon Musk makes news. That’s what happens when you’re the founder of a rocket company, a co-founder of an electric car and …

Most Home-Equity Loan Borrowers Don’t Understand How Trump’s Tax Code Affects Them

Homeowners with home equity loans may be reaping the benefits of deducting interest paid in 2017, but they shouldn’t get used to it.<p>The Republican …

Dow takes a wild ride after dramatic losses; ends day on a session high

Wall Street had a wild ride Tuesday as the Dow Jones industrial average swung back into the green, ending the day up 550 points after a dramatic opening saw the blue-chip index sink by almost the same amount.<p>The benchmark Dow even briefly dipped into a correction phase within minutes of the markets …

Stock Markets

Asian shares mirror Dow comeback, dollar steady

TOKYO (AP) — Asian shares saw a broad rebound on Wednesday, mirroring the bounce-back rally on Wall Street, though gains were in a modest range and …

Stock Markets

Fox News is now openly undermining the credibility of federal judges

This is the logic used by authoritarian regimes.<p>On Tuesday morning, Rep. Jim Jordan (R-OH) joined <i>Fox & Friends</i> to push the conspiracy theory that the …

Donald Trump

What the hell is happening with the stock market? I asked an expert.

It’s bad, but no reason to panic.<p>The Dow Jones Industrial Average plummeted 1,175 points on Monday, the largest one-day drop in its history. This was after a 666-point plunge on Friday. In the past three trading days, the S&P,another important stock index,also lost more than $1 trillion in market …

It's Officially a Stock Market Correction -- Here's What You Need to Do

Here are two rules that can help you take advantage, instead of becoming a victim.<p>As of Tuesday, Feb. 6, the stock market briefly dipped into a …

Icahn: Stock market's instability is a sign of "things to come"

Billionaire investor Carl Icahn said on CNBC Tuesday that the stock market is "way over leveraged" and will one day "implode" because of it. Why it …

White House Says Trump Was Only Joking About Treason

Washington (AP) -- The Latest on President Trump's feud with congressional Democrats (all times local):<p>11:30 a.m.:<p>The White House says President …

Why Trump has little influence on rising or falling stocks

WASHINGTON (AP) — For months, President Donald Trump boasted about having steered the U.S. stock markets to record high after record high.<p>What a …

Donald Trump

Stock market rebounds but concerns remain that tax cuts might overheat the U.S. economy

President Trump has boasted that the Republican tax cuts would add rocket fuel to the economy.<p>But rockets can accidentally explode.<p>Some analysts believe the extra stimulus of the tax cuts, which will boost wage growth and government borrowing in an already strong economy, helped ignite the recent …

Stock Markets

No, President Trump Did Not Tweet About the 'Dow Joans'

As the saying goes, there’s always a tweet. But in this case, there’s not.<p>A tweet that appeared to show Donald Trump arguing the president should be …

Carter Page flames out in ABC interview: Handing documents to Russian spies 'sounds a lot worse' than it was

Former Trump campaign adviser Carter Page on Tuesday did an interview with ABC’s George Stephanopoulos in which he admitted to handing documents to a …

Donald Trump

The Cryptocurrency Crash Is Here, and This Is What's Most Interesting About It

A major shift appears to be underway with retail investors.<p>In 2017, cryptocurrencies could seemingly do no wrong. In fact, virtual currencies …

Billionaire Carl Icahn calls market a 'casino on steroids'

Carl Icahn, Icahn Enterprises chairman, discusses markets turning volatile after two straight sessions of selling off.