Michael Lewis, author of “Flash Boys: A Wall Street Revolt,” explains that High Frequency Traders (HFTs) are in effect stealing from individual investors, pension funds and literally anyone else who ever buys or sells a stock.The HFTs using high speed computer algorithms, fiber wire and other terrifying stuff to pervert the otherwise level playing field on Wall Street. How do they do it? In effect they
The typical American household in the 55-64 age range has not saved up enough money to retire. Experts call this a dire situation, but as Elizabeth MacBride reports, there are some steps to take to make substantial additions to your savings.
PIMCO CEO & co-CIO Mohamed El-Erian shares his market concerns heading into 2014 and why he believes it is time to sell stocks now.
U.S. equities face an ironic headwind that will lead them to underperform their global peers next
Bitcoin prices are plunging after the Mt. Gox exchange went offline and closed all transactions. CNBC’s Mary Thompson details the problems plaguing bitcoin.
Mt. Gox, one of the currency’s biggest exchanges, just went offline and took hundreds of millions of USD worth Bitcoin equity with it. Mt. Gox had claimed in the past that it handled about 80% of all global trades for BTC/USD. Issued a statement? Planned downtime? Nope, neither. It just
Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing U.S. economic statistics. Not the numbers you’re fed through the media, but the shadow statistics that come from shadowstatistics.com, giving you a real look into the raw U.S. economic data. This data will give you shocking numbers on inflation, unemployment, and money printing by our government that directly impacts the future of your retirement. This will help you
Jon Steinberg, president and chief operating officer of BuzzFeed, weighs in on the digital currency, explains how and who is mining it, and unveils a bitcoin mining
How to rescue your retirement at 55
The typical American household in the 55-64 age range has not saved up enough money to retire. Experts call this a dire situation, but as Elizabeth MacBride reports, there are some steps to take to make
CNBC’s Sharon Epperson discusses popular myths surrounding retirement and says the amount of money you really need depends on what you plan to do.
Myth # 1: The 401(k) was created to boost your retirement dollars.
Myth # 2: You need 80 percent of your current income level in retirement.
Myth # 3:
American workers stash over $300 billion a year into 401(k) accounts and other employer-sponsored retirement plans, if you include employers’ matching contributions. This may sound like a lot of money, but it still may not be enough for many Americans to be able to retire.
Five years after the recession, more and more Americans are paying closer attention to their 401(k) plans and finding out they’re not happy with the results. CNBC.com’s Eric Rosenbaum says you have some options.
If the performance of the investments in your IRA or 401k retirement account stinks then it’s time to
