Category: Finance

Costco downgraded as members-only retailer faces higher sales hurdles

Daniel Acker | Bloomberg | Getty Images A woman shops at a Costco Wholesale Corp. store in East Peoria, Illinois. Tougher sales comparisons and food price deflation at...

Most struggle to save for retirement no matter age, gender or income

In a perfect world, saving for retirement would be easy. That world assumes everyone makes an adequate salary, can afford all their necessities and a few frills, and...

Trump’s quest to drive down oil prices turns the screws on US drillers

President Donald Trump is rooting for oil prices to fall even further after a stunning plunge over the last seven weeks. The U.S. oil and gas industry, a pillar of...

Roth 401(k) plans are an often-missed retirement savings opportunity

But few employees are taking advantage of Roth 401(k) plans. Just 18.1 percent of workers across all plan sizes had made an after-tax Roth contribution to their...

Volatility bashes hedge funds, which are now negative for the year 

October’s miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year. Hedge fund...

Taxpayers defeat most state tax measures on midterm ballots

ROBYN BECK | AFP | Getty Images TJ Smith fixes an ‘I Voted’ sticker on his shirt after basting his ballot at polling station during early voting for the...

Warren Buffett loses nearly $4 billion in single day on his Apple stake

Earlier this year, Apple became the first publicly traded U.S. company to reach $1 trillion in market value. Berkshire Hathaway is the second-largest holder of Apple...

This repayment hack could help you knock out credit-card debt faster

Chase announced earlier this fall that in November it will discontinue its free payment management system Blueprint, due to low participation rates. As part of its...

Maker of the Roomba vacuum gets hit by China tariffs

The ongoing trade war between the U.S. and China is taking its toll on iRobot, maker of the popular Roomba vacuum. Shares of the robotics company, which manufactures its...

The rules were changed, making odds of winning Mega Millions so slim

The Mega Millions jackpot reached $1 billion on Friday. So, what are the odds of hitting the winning numbers? Pretty slim. To make things even more difficult, lottery...