Latest Blogposts

  • Trump’s childhood home comes with a 'HUGE' price tag!


    Here’s where it all began for Donald Trump. This modest house in the wealthy enclave of Jamaica Estates, Queens, was Trump’s early childhood home. And it’s a far cry from his palatial triplex today at Trump Tower on Manhattan’s Fifth Avenue.

    Trump’s father, Fred, built the 2,500-square-foot brick-and-stucco Tudor Revival in 1940. Now, it’s on the market for $1.65 million. That’s $700,000 more than what typical homes in the neighborhood are selling for.

    Is the home’s real estate agent banking on a “Trump premium”? “No, I think the house is very well priced,” Howard Kaminowitz, with Laffey Fine Homes tells Yahoo Finance.

    Kaminowitz says he left a message with the Trump organization, letting them know the home is up for sale. As of this writing, he’s yet to receive a response.

    Current owner and restaurateur, Isaac Kestenberg, bought the six-bedroom, four-and-a-half bath home in 2008 for $782,500. He believes the property has more value because Trump once lived there. “There’s something

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  • The earnings cloud hangs over the heads of investors.
    The earnings cloud hangs over the heads of investors. (Image: Pexels)

    Earnings growth for America’s biggest companies has been lackluster for a while. We’re currently getting confirmation that S&P 500 (^GSPCearnings fell by around 4% year-over-year during the second quarter, which would reflect the fifth straight quarter of declines.

    It has been the case that experts had forecast a sharp rebound in earnings growth during the second half of 2016 and accelerating in 2017. But even that story is deteriorating.

    “This past week marked a change in the aggregate expectations of analysts from slight growth in year-over-year earnings (0.3%) for Q3 2016 to a slight decline in year-over-year earnings for Q3 2016 (-0.1%),” FactSet’s John Butters observed on Friday. “Expectations for earnings growth for Q3 2016 have been falling not just over the past few weeks, but over the past few months as well. On March 31, the estimated earnings growth rate for Q3 2016 was 3.3%. By June 30, the estimated

    Read More »from The gloomy profits narrative underlying the stock market just got worse
  • Here's why New Yorkers are mixed on their new connected subways

    If you’ve ever taken a subway in New York City you know that once you’re on the train you’ve entered a wasteland void of connectivity. That means no Facebook, no streaming music and no funny cat videos.

    But that’s all set to change with the introduction of a series of new subway cars that will hit the tracks in the next 5 years. These next-generation subways will be the first in the New York to come equipped with Wi-Fi connectivity, so you’ll be able to surf the web even when you’re underground.

    Not only will these futuristic people movers come with free Wi-Fi, they’ll also include USB charging stations, so if you’re late for work and don’t have time to juice up your phone or tablet before heading out the door you’ll still be able to top off your device from the relative comfort of the subway.

    Naturally, we had to see how your average New Yorker feels about the prospect of being able to stream Netflix during their morning commute. So we took to the streets of the city that never

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  • Stitches are getting a lot smarter

    In a world filled with smartphones, smart TVs and smart cars, smart stitches totally make sense.

    Scientists at Tufts University discovered a way to let doctors monitor how a wound heels through the kind of stitches it uses.

    Sounds cool, but how does it work?

    Tiny sensors and electronics are layered into fibers, like cotton or various synthetics, which are then dipped into “physical and chemical sensing compounds.”

    Super-small-scale electronics called “nano-scale sensors” and “microfluidics” are inserted into the sutures to monitor things like pressure, stress, strain and body temperature — as well as pH and glucose levels.

    All this data from the sutures can transmit wirelessly in real time to a cellphone or computer, giving doctors a better idea of how a patient is healing and whether an infection is starting.

    How soon could doctors really use smart stiches?

    They’ve only been tested in vitro, on rats’ tissue, so further studies are needed, but researchers are confident with the

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  • Pogue's Basics: Screen rotation lock

    More and more these days, people are reading e-books on their phones. I mean, you’ve always got your reading material with you, right?

    And a lot of people like to read in bed, or lying on the couch. Trouble is, your phone’s going to rotate the page to keep it upright. Gahhhh!!

    I know, I know—first world problem. But there’s an easy fix: Turn on Rotation Lock. On the iPhone, swipe up and tap the rotation lock button. On Android, swipe down and tap the rotation button.

    Now the page won’t turn when you do!

  • Motorola’s new Moto Z phones double as projectors and high-powered speakers

    Moto Z
    The Moto Z and Moto Z Force

    We’ve just about reached peak smartphone. Every premium handset out there is incredibly powerful, has a beautiful display and a pretty solid camera. So where do we go from here? If you’re Lenovo, you let the customer decide. That’s the idea behind the company’s new Moto Z and Moto Z Force.

    Available for Verizon, the Moto Z Droid Edition and Moto Z Force Droid Edition, which cost $624 and $720, respectively, are part of a new crop of pseudo-customizable handsets called modular phones. The idea is to let you add features to your phone by snapping on special attachments.

    So rather than just being your “Pokémon Go” machine, the Moto Z can double as a mini projector or a high-performance speaker. It’s some impressive technology, but it’s also rather pricey.

    Slim and stylish

    Let’s talk about the phones first, though, shall we? The Moto Z and Moto Z Force are largely the same smartphone. They have the same styling, the same size and type of screen and support the

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  • Stocks up four weeks in a row

    Make that four in a row as stocks cap another up week. Plus, the Fed’s back in the spotlight next week, but will the Bank of Japan actually give the markets what it wants to hear? And, Apple, Facebook, Google and Amazon have earnings reports coming up. Can the big four deliver the goods? Catch The Final Round at 4 p.m. ET with Justine Underhill, editor-in-chief Andy Serwer, markets correspondent Nicole Sinclair, and Yahoo Finance’s Jared Blikre.

    DNC on tap

    With the GOP Convention in the rear-view mirror, it’s time for the Democrats to step up. Hillary Clinton is poised to name Tim Kaine as her VP pick, but what do we know about him and his policies on business?

    Winners and losers

    Stocks ending the week on a down note include Skechers on an profit and revenue miss as the shoemaker blamed factors like currency fluctuations; industrial name Honeywell following a revenue miss; and Paypal, with shares dropping as analysts see margins shrinking for the online payment service following its

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  • Ford has found an odd new partner in its ongoing pursuit of greener vehicles, announcing earlier this week it would be teaming up with tequila maker Jose Cuervo. 

    The pair has been researching the use of byproducts from harvested agave – the plant responsible for countless bad decisions and hangovers – to develop bio-plastics for manufacturing vehicle interiors and exterior components like wiring harnesses, HVAC units and storage bins.

    “Initial assessments suggest the material holds great promise due to its durability and aesthetic qualities,” said the company in a press release. “Success in developing a sustainable composite could reduce vehicle weight and lower energy consumption, while paring the use of petrochemicals and the impact of vehicle production on the environment.”

    According to Ford, a typical car uses about 400 pounds of plastic. 

    Justin Gammage, former chief scientist at auto giant GM and the current industry liaison manager responsible for developing innovative

    Read More »from Ford teams up with tequila maker to produce agave-based bioplastic
  • The summer weekend getaway for New York’s super-rich is cooling off

    The playground for America’s ultra wealthy is showing signs of trouble. The Hamptons, a group of beachfront villages in Long Island about a hundred miles from New York City, are the go-to destination for elite Manhattanites who spend tens of millions of dollars to buy summer homes.

    But fewer people are buying in the Hamptons compared to a year ago. According to Jonathan Miller, president and CEO of appraisal firm Miller Samuel, sales activity on a year-over-year basis is down 21%.

    “The previous three years have been this frenetic market with record volume, and the level of sales we’re seeing right now is about 25% higher than the long-term average of sales activity,” says Miller. “So we’re somewhere in between this frenetic market and a very quiet market.”

    Hamptons losing their cachet?

    When asked whether he thinks the Hamptons are losing their cachet, Miller says that’s simply not the case. The Hamptons market is a mirror image of the slowdown in the upper end of the Manhattan

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  • For kids, camp can be a rite of summer and a needed relief from school. For parents, it’s a welcome chance to keep kids occupied, safe, and ideally, gives them a unique experience.

    But does it have to cost so much?

    Like many things, summer camp feels like it’s pricier than it should be, and that it’s gotten more expensive over the years. Maybe that’s the natural desire to just want to pay less for things, but it’s fair for parents to wonder about the cost breakdown. Sure, the school bus that picks little Bryson up at the corner isn’t free, but what else goes into the hundreds that are paying for his week of outdoor fun?

    Of course, the costs exist in a ride range. City-run programs can run as low as $200 a week, and many churches run low-cost programs. But the cheap spots go quickly (as anyone who’s been up early madly refreshing the Toronto program website can attest), leaving everyone else to deal with privately run camps, where the price range, ahem, widens out a bit.

    For weekly day

    Read More »from Why does summer camp cost so much?
  • The less sexy, non-FANG tech stocks are winning right now


    The so-called “FANG” stocks—Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL)—have dominated investor attention in the tech space with their high-growth ambitions.

    But it turns out the companies that make business software may be the quiet winners in the second quarter.

    The value tech cohort—from SAP (SAP) to Microsoft (MSFT) to IBM (IBM)—have posted impressive results over the past week, with particular strength in growth areas like cloud computing.

    Cloud computing, which uses a network of internet-hosted remote servers to process data, has become a focus even for this cohort as they aim to refocus their business models, particularly to keep up with the new software giants like Salesforce.com (CRM) and Amazon’s Web Services division.

    “Old guard” of tech earnings reports

    Microsoft, under CEO Satya Nadella, continues to transform its business to focus on mobile and cloud.

    In its second quarter report, revenue of $22.6 billion came in 2% above consensus

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  • Bezos beats Buffett to become world's third-richest man

    Stocks (^DJI^GSPC^IXIC) are slightly in the green, with utilities (XLU) leading and industrials (XLI) lagging. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.

    To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Nicole Sinclair.

    Getting too rich?
    Some economists believe an increase in wealth could end up being unsustainable. As a percent of disposable income, household net worth hit a record high of 653% last year but has since slipped to 640% as of March 31. How likely is it that this could cause another recession?

    Paying for retirement
    New York Life Insurance employees are bringing a class action lawsuit following allegations of excessive index fund fees in retirement plans. How much were these funds charging in comparison to similar funds and how were they able to do this?

    Bezos tops Buffett
    Jeff Bezos is officially the third-richest

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  • A majority of Pokemon Go users are playing at work, according to a new poll by Forbes,

    But, in their defence, offices can be littered with the cartoon creatures, and, let’s be honest, you gotta’ catch ‘em all.

    The business magazine received more than 66,000 response between July 15 and July 19 about their Pokemon-playing habits.

    About one-third of respondents, or nearly 21,000 people, said they spent more than an hour at work trying to fill out their Pokedexs or nurturing their Pikachus, Charmanders, Squirtles and Bulbasaurs.

    And their bosses are seemingly OK with watching their employees with their faces glued to their smartphones as they wander the office. Only 3,000 of these players said their boss told them to stop.

    In fact, 2,000 of them said they had even connected with them because of the game.

    And Pokemon Go also seems to be creating camaraderie across offices. The mobile app also caused half of the poll’s respondents to bond with coworkers, bosses or clients.

    The benefits

    Read More »from You need to Pokemon GO — back to work!
  • Low-cost renovations that you’ll love in your kitchen

    Your kitchen is the heart of your home, so it’s only natural to want to splurge on a remodel. But before you burn through your budget, we tapped Dan DiClerico, senior home editor of Consumer Reports, to find out which upgrades have the most bang for the buck.

    In the magazine’s August issue, DiClerico reports that a kitchen redo should cost 5% to 15% of a home’s total value. And if you’re willing to do some of the work yourself, a budget between $5,000 to $15,000 can go a long way.

    First up: flooring. Solid wood is a popular choice, but for half the cost, porcelain tile that resembles hardwood is one of the hottest new trends out there. “It’s incredibly durable. It was practically perfect in our tests, and it’s color-through so you don’t have to worry about chipping. I’m considering this for my home,” DiClerico told Yahoo Finance.

    Next up: your sink. You might think this is an area where it might be smart to splurge,  maybe spending $600+ on a thicker metal stainless steel sink, but

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  • It's tough times for stock pickers.
    It’s tough times for stock pickers.

    In the investment world, a fund can be managed in two ways: actively and passively.

    According to a new study from S&P, the actively managed fund industry is failing to deliver.

    Active fund managers are paid to generate above-average returns for their clients. To do this, they will tilt their portfolios in various ways to go overweight certain assets and underweight others. They differ from passive fund managers, who aim to track the returns of certain benchmarks like the S&P 500.

    Unfortunately, most active fund managers actually end up lagging their benchmarks instead of beating them.

    “Our findings show that within domestic equity, the majority of managers in nearly every category underperformed their respective benchmarks over the five-year horizon, for both retail funds and institutional accounts,” S&P analysts Ryan Poirier, Aye Soe and Hong Xie wrote.

    Through the five years ending in December 2015, 76.23% of large-cap US equity fund managers failed

    Read More »from An overwhelming majority of Wall St. pros who try to beat the market fail

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