Kroger CFO Mike Schlotman told CNBC on Thursday the grocer’s weak profit outlook was because of deflation in food prices and increased competition in the grocery industry. “In the quarter, we had about 20 basis points of deflation, excluding fuel. That was a little bit less deflation than the prior year and the prior quarter.
During the 2004–2006 period of Fed rate increases, for example, REITs posted cumulative total returns of 77.9 percent, compared with 32.5 percent for stocks and 8.6 percent for bonds. REITs own a broad array of property-ownership ventures, including apartments, hospitals, warehouses and commercial property such as hotels, shopping malls and office buildings. The game for
In simple terms, an IRA trust prevents an heir from receiving money outright from the IRA upon the account owner’s death. Without a trust, heirs can treat an inherited IRA as a piggy bank to whatever degree they want, as long as they take required minimum distributions as mandated by the Internal Revenue Service. Unfortunately,
Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report. The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89
The ability to pay for health-care needs is — and will remain — one of the most critical issues of retirement. Most people today will live longer than their parents or grandparents did. That means they’ll enjoy a longer retirement — but it also means they will most likely need more money to cover health
Getty Images A visitor stands in front of a painting entitled ‘Masterpiece,’ during a press preview of ‘Lichtenstein, a Retrospective’ at the Tate Modern on February 18, 2013 in London. Hedge fund billionaire Steve Cohen is back — and he’s spending bigger than ever. An avid art collector, Cohen paid $165 million earlier this year
While those returns are real money, it is important to remember there are, of course, risks associated with investing, as well as eventual tax payments. As such, there are six questions that can help you determine whether deferring compensation is a good choice ahead of the upcoming June 30 deadline: Do I have sufficient liquidity?
Saks Fifth Avenue owner Hudson’s Bay said on Thursday it would cut about 2,000 jobs across North America in a major restructuring effort as it reported a wider-than-expected first-quarter loss. The Canadian department store operator, which also posted a steeper-than-expected drop in quarterly retail sales, said the move would help the company save more than
Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera, a developer of software for managing and analyzing vast amounts of data, posted better-than-expected financial results in the company’s first earnings report since its IPO. That wasn’t good enough for Wall Street. Cloudera shares plunged 15 percent after hours
“The assumption is that our wealth does us little or no good after we’re dead,” said Steven Sass, a research economist at the Center for Retirement Research at Boston College and author of a recent research brief on the effect of surging retirement on investment returns. However, Sass says these assumptions are too simplistic and
Truck and engine maker Navistar posted a quarterly loss, compared with a year-ago profit, partly due to lower sales of its trucks in the United States and Canada and a $60 million charge related to used-truck inventories. Navistar’s shares were down about 9.5 percent in premarket trading on Tuesday. Revenue in the company’s truck business,
Tetra Images | Getty Images ETFs are traded on exchanges, so they can be bought and sold like stocks through a brokerage. For example, ETFs with “low volatility” or “minimum volatility” in their names can turn out to behave quite differently for investors in precisely the environment that they are most looking for risk mitigation.
Jonathan Alcorn | Reuters A woman holds a ticket purchased for Wednesday’s estimated Powerball lottery jackpot of $450 million in Los Angeles, February 11, 2015. While each of these suddenly affordable opportunities would tempt a newly minted mega-millionaire, none would be the best initial course of action. Just look at the history of lottery winners.
ML has begun to make inroads as asset managers realize that the ability to extract value from big data is going to be a key differentiator — and that traditional industry practices will struggle to stay afloat in this mounting flood of real-time data. Analytics using ML can be more robust than traditional financial modelling,
Congratulations. You graduated from college and just landed that first full-time job. While it’s time to celebrate, it’s also time to make some serious financial decisions. Rianka Dorsainvil, a millennial certified financial planner and owner of Your Greatest Contribution, has some solid advice for you: Enroll in your employer’s 401(k) plan as soon as possible
But these days, she said, ”We see that people are carrying mortgage debt at older ages, and it’s both the percentage of families carrying the debt and the amount of debt that has increased.” About 42 percent of households headed by someone age 65 to 74 has home-secured debt, according to the Federal Reserve’s 2013
“ETFs have gone from representing a very small part of [advisors’] tool kit to now representing a very significant part,” said certified financial planner David Yeske, managing director of Yeske Buie. “One of the things it suggests is that financial planners are ever more convinced that active management is hard,” said Yeske, who helped develop
Millionaire confidence plunged by a record amount in May, sparked by fears of government dysfunction in Washington. The Spectrem Millionaire Investor Confidence Index, a measure of millionaire confidence in the economy and markets, fell 17 points from April. That’s the biggest month-to-month drop ever recorded by Spectrem Group, a Chicago-based wealth-research firm that created the
There are a number of areas to evaluate when you’re seeking to understand just how tax-efficient your financial strategies performed in 2016. First, let’s look at tax-loss harvesting. If you’re not familiar with that term, it is an investment strategy that you can use when you are invested in a holding that loses value. Instead
Qilai Shen | Bloomberg | Getty Images Travis Kalanick, chief executive officer of Uber Technologies Inc. “The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability,” Uber said in a statement to CNBC. But Gautam Gupta, the start-up’s head of finance, is leaving to join another San Francisco-based