Latest Blogposts

  • 3 money mistakes that couples make

    Whether you’re newly wed or about to celebrate your silver anniversary, there’s a good chance you’re making serious mistakes managing your money as a couple.

    After talking with countless men and women about money and how it impacts their relationships, David Bach, vice chairman of Edelman Financial Services, has identified the many mistakes that recurred, time and again. They’re all profiled in his new book “Smart Couples Finish Rich: 9 Steps to Creating a Rich Future for You and Your Partner.” Three of them follow here:

    No protection plan

    Bach said that too few couple have a will. “50% of couples don’t have a will,” he said. “Some having living trusts but many don’t put their assets in their living trusts so it’s not valuable.” Although nobody enjoys the thought of outliving their husband or wife, its an inevitability for one of you. And sifting through confusion about assets is the last thing you’ll want to deal with while grieving for your loved one. Do it while you’re healthy.

    Get

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  • This week in weird business news…

    Instagram pics go for 100k

    That selfie you’re about to post to Instagram could be worth way more than a few likes…$100,000 more. Controversial artist Richard Prince had an exhibit at the Gagosian Gallery in New York City where he showcased other people’s Instagram photos with an added comment or two from his account-- the exhibit was also picked to show at the prestigious Frieze Art Fair this month.

    The only catch? The Instagram users received no compensation and weren’t even told their snaps would be used as art. Prince has long been a fan of “reusing” photos and been sued for these kind of antics in the past but apparently the photos fall under fair use.

    A Chinese burger fit for the U.S.

    Who wouldn’t want to grab a bite at a place called “Uncle Sam’s Famous American Burgers?” The Chinese burger chain just opened their first American location under the Empire State Building and plans to compete with long-established and well-regarded burger havens

    Read More »from Instagram pictures for $100k, Nintendo's Bowser gets a promotion: Weird business news
  • How this woman tracked down her identity thief

    When Jessamyn Lovell’s wallet went missing at an art gallery in 2009, she took all the right precautions. She canceled all of her credit cards and put a fraud alert on her credit report to prevent anyone taking out new lines of credit under her name.

    Despite these efforts, a year and a half later, Lovell, 38, received a phone call from a police officer who had strange news: A woman in San Francisco had been arrested for using Lovell’s driver’s license to check into a swanky hotel. Lovell recently recounted her story on NPR’s This American Life. She had gotten a new license but, knowing a potential identity thief would need her Social Security number as well to really wreak havoc, Lovell hadn’t considered reporting her old license stolen.

    “I just sort of thought, well, that’s annoying,” says Lovell, an artist and professor who lives in Albuquerque, N.M. “I didn’t think much else of it until I started getting a flood of bills.”

    The bills included several unpaid parking tickets and

    Read More »from How this woman tracked down her identity thief
  • Searching for clues on Fed direction

    Friday gave Fed watchers some clues as to when the Fed may raise interest rates.

    One clue is the Consumer Price Index figures, which reported core inflation rising 0.3% in April, the largest gain since January 2013.  The core rate has risen 1.8% in the past year, and the Fed has indicated it would like to see inflation head towards 2% before raising interest rates. 

    Another clue comes straight from Federal Reserve chair Janet Yellen, who spoke to a business group on Friday about the U.S. economic outlook. “If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate,” she said. Yellen also said that any rate hikes would be gradual.

    Get the Latest Market Data and News with the Yahoo Finance App

    “The Fed’s going to be looking at a couple things,” said Michael Hanson, Bank of America Merrill Lynch Senior U.S. Economist, who once worked at the Fed.  “First of all, was the first quarter just

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  • Google I/O, GDP revision and more: What to watch next week

    It’s Friday, which means our Midday Movers panel has weighed in about what to watch in the coming week. So go enjoy the beach, lake, or backyard BBQ this weekend and when you come back on Tuesday pay attention to these.

    Mike Santoli - Russell rebalancing
    Once a year all the Russell indexes get a fresh rebalancing. The next such event comes Friday. “Wall Street front runs this thing. They try to figure out who’s gonna be in who’s gonna be out,” Santoli says. The most watched of the indexes, the Russell 2000 (^RUT) small cap, has lagged the broader market and failed to mimic the new highs of the bigger indexes. Still, Santoli notes that “in terms of its price performance is also one of the key tells for the market right now.”

    Get the Latest Market Data and News with the Yahoo Finance App

    Lauren Lyster - GDP revision
    The initial number for Q1 GDP was a lackluster-at-best +0.2%. Economists have spent the last month lowering the bar ahead of next week’s revision. The consensus is now for a

    Read More »from Google I/O, GDP revision and more: What to watch next week
  • Markets toy with new highs here and abroad

    U.S indexes (^GSPC, ^DJI) are toying with record highs but investors are more or less shrugging it off. That, says Yahoo Finance Editor-in-Chief Andy Serwer, is a good thing. “Irrational exuberance is a real sign of a top and we don’t have that right now,” he notes.

    Still, it doesn’t mean investors should be overly bullish on equities. Serwer spoke with BlackRock CEO Larry Fink on Yahoo Finance:

    I think there is a lot of reason for valuations for where they are today...but I am not as sanguine or as positive as I was two years ago. I think there are many more warning signals today than there were two, three years ago. Two years ago and three years ago, I said be 100% in equities. I would not recommend that today because the valuations are much higher than they were a few years ago.

    And it’s not just U.S. markets that are experiencing the highs. Japan’s Nikkei is at 15 year highs. The Hong Kong Hang Seng index is higher than it has been since December of 2007 and European markets are

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  • Warren Buffett’s solution to income inequality could work

    Warren Buffett is worried about the widening income gap in the U.S.

    And the Oracle of Omaha sees a way to solve it.

    But it’s not by making a big boost in the minimum wage, like those pushing for $15/hour. He calls that a jobs-killer.

    Nor is more education going to be the panacea. He feels while that may help, there would still be too many people without the tools to compete in a fast-moving economy.

    Instead, Buffett is calling for an expansion of the current Earned Income Tax Credit (EITC).

    Writing an op-ed in the Wall Street Journal, the CEO of Berkshire Hathaway (BRK-A) argues the EITC rewards work and pushes people to improve their skills but doesn’t disrupt market forces.

    Get the Latest Market Data and News with the Yahoo Finance App

    Yahoo Finance Senior Columnist Michael Santoli says Buffett is onto something because the EITC delivers a lot of bang for the buck.

    “The Earned Income Tax Credit is about 2% of the federal budget, $70 billion, it’s not a lot of money,” he explains.

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  • The rent is getting steep and gas prices are climbing again. But broad price inflation is still tame, and is unlikely to squeeze consumers or upend financial markets any time soon.

    That’s the take by Bank of America Merrill Lynch senior U.S. economist Michael Hanson, who points out in the attached video that while “core” inflation is “firming, it is still at very low levels.”

    Gains in shelter costs, including rents, led the core measure of consumer prices – which excludes food and energy products - to a 0.3% increase in April, slightly above forecasts. That lifted the annual gain in the core Consumer Price Index to 1.8%. Overall CPI arrived as expected at 0.1%.

    Hanson points out that the 0.3% rise in core CPI even overstated the move, as it was rounded up from slightly more than 0.25%.

    He also notes that CPI is registering more price gains than alternate measures of inflation such as import prices, producer prices or the core personal consumption expenditures price gauge. The

    Read More »from Rents are rising, but don't expect broad inflation to surge: Merrill economist
  • Who even needs ads anymore? More companies go direct

    Coca Cola (KO) ended up with a surprise starring role in the final moments of the AMC Networks' (AMC) critically-acclaimed series "Mad Men," as the last scene was the soda company's iconic 1970 "Hilltop" ad playing for millions of viewers.

    Viewers got curious about the real origins of the commercial, and searched the web for more information. Whether they used a search engine or clicked from a link in stories at the New York Times, BuzzFeed or Entertainment Weekly, many ended up learning what really happened from an article Coke itself commissioned a few years back. No, the fictional Don Draper didn't return from a California yoga retreat and write the spot. It was real life adman Bill Backer who concocted the idea while his plane was fogged in in Ireland.

    The 2012 article, written by a Coke company archivist, recounts the making of the now-famous "I'd Like to Buy the World a Coke" jingle and the shooting of the commerical itself.  It's just one piece produced as part of Coke's Journey

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  • Warren Buffett: the activist investor?

    This article originally appeared on the excellent CFA Institute blog. You can follow CFA Institute on Tumblr and Twitter.

    Buffett can perhaps best be understood as a manager/investor/philosopher whose primary objective is turnover reduction…To Buffett and Munger, there is a compelling, Zen-like logic in choosing to associate with the best and in avoiding unnecessary change. Not only is it a path to exceptional economic returns, it is a more balanced way to lead a life; and among the many lessons they have to teach, the power of these long-term relationships may be the most important.

    —William N. Thorndike, Jr., The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

    Any professional investor who hopes to have a long and sustained track record of success must be willing to adapt to changing market conditions and time horizons. Even Warren Buffett, the legend of long-term investing, can’t always rely on the same tricks.

    At the recent Berkshire

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  • HP up on split, Expedia says 'so long' to eLong, Aeropostale tanks on Q1

    Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

     

    HEWLETT-PACKARD
    Hewlett-Packard (HPQ) gained in the session after beating profit estimates.
    Revenue was slightly below forecasts.
    And the company warned the current quarter will be weaker than expected.
    But investors are focusing on HP's positive cost savings from the split of its computing and printing businesses.

    Get the Latest Market Data and News with the Yahoo Finance App

    AEROPOSTALE

    Aeropostale (ARO) slid after posting a drop in sales and profit.
    The stock fell sharply lower and flirted with a new 52-week low.
    The struggling teen apparel retailer posted a 20%  drop in sales and lost $0.56 a share. That's a penny more than the Street expected.


    EXPEDIA
    Expedia (EXPE) rose after selling its stake in a Chinese online travel company.
    e-Long had been a drag for the American travel site.
    Expedia blamed eLong for its big drop in Q1 profit.
    The deal was for $671 million.

    Read More »from HP up on split, Expedia says 'so long' to eLong, Aeropostale tanks on Q1
  • Warren Buffett on wages, market highs and HP turnaround continues

    The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are lower today after both making new all-time highs this week. Is it time to sell? Why doesn't it feel like a market high? Are markets around the world following our lead? Our Friday Midday Movers panel tackles all the big questions.

    Get the Latest Market Data and News with the Yahoo Finance App

    Here are some of the other stories Yahoo Finance is watching this week.

    Warren Buffett on wages
    Warren Buffett is weighing in on the income inequality debate. Warren Buffett writes in a Wall Street Journal op-ed piece that a $15 dollar minimum wage and more education may not be the best solution to the problem. Instead, the Oracle of Omaha is calling for an expansion of the Earned Income Tax Credit.

    Hewlett-Packard's turnaround continues
    Shares of Hewlett-Packard (HPQ) are getting a nice bounce today. The world's second-largest PC maker says it expects to see a billion dollars in cost savings over three years from its plan to split the

    Read More »from Warren Buffett on wages, market highs and HP turnaround continues
  • Google’s buy button for YouTube

    Google is planning to add a buy button to video ads on YouTube, allowing advertisers to display product details and buy links alongside their commercials.

    Google (GOOGL) explained on its AdWords blog that the buy button will help “connect the dots between the moment a person watches a video and the moment they decide to make a purchase.” Google will also add buy features to its search results, according to The Wall Street Journal.

    “Google is under a lot of competitive threats," says Yahoo Finance’s Aaron Task. "Now Facebook (FB) actually serves up more video than YouTube...For a long time Google owned this market and they didn't really do enough, I would argue, to monetize YouTube and extend that leadership…they're still very relevant, but it's not their game anymore.”

    This is a smart way for Google to increase monetization of YouTube, notes Yahoo Finance Senior Columnist Michael Santoli. 

    Google search largely is used by people looking to buy something. YouTube's new buy featureYouTube's new buy featureThey're looking for the

    Read More »from Google’s buy button for YouTube
  • 6 things going wrong in America

    American decline. You hear about it everywhere, even if the United States remains the strongest economy among an underperforming set of peer nations.

    Ordinary people sense the problem. Nearly two-thirds of Americans say the nation is headed in the wrong direction. A surprisingly large portion of Americans believe (mistakenly) that China’s economy is more powerful than their own. Whether America’s best days are ahead or behind will be a recurring debate in the presidential race that’s just heating up.

    To get to the bottom of it, we asked several business and political leaders at the recent Milken Institute annual conference in Los Angeles what makes them most pessimistic about the future of the United States. Concerns ranged from immediate economic risks to pernicious long-term trends nobody’s quite sure how to address. “I’m fearful of America’s leadership in the world,” former House majority leader Eric Cantor, now vice chairman at investment bank Moelis & Co., tells Yahoo Finance in

    Read More »from 6 things going wrong in America
  • Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.  

    Deere (DE) shares are gaining ground in early trading. The farm equipment maker raised its outlook for the year after it reported quarterly earnings and revenue that topped Wall Street views. However, the company said a slowdown in the global farm economy dragged sales and profits lower from a year earlier. 

    Campbell Soup (CPB) shares are on the move this morning. The maker of its namesake soups, Swanson dinners and Pepperidge Farm foods is the latest to blame the strong dollar for a decline in sales. Campbell's is reporting fiscal third quarter profit that beat analysts' forecasts by a wide margin, while revenue came in a bit shy. The company is also saying results were affected by what it calls retailer inventory movements in its soup business and sees full year sales at the low end of its range.

    Foot Locker (FL) shares are lower after sprinting higher in early trading.  The sportswear

    Read More »from Foot Locker tops estimates; Deere gains ground; Campbell's hot and cold results

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