While specific data on estate planning among the childless is hard to come by, studies show that most people fail to put in place even the most basic part of estate planning: a will. For instance, a 2016 Rocket Lawyer study conducted by Harris Poll shows that 64 percent of Americans lack that basic document.
With Amazon’s stock price brushing $1,000, Jeff Bezos is within striking distance of becoming the world’s richest man. As of Friday’s close, Bezos was worth $85.1 billion, according to the Bloomberg Billionaire’s Index. Bill Gates is at $88.8 billion. So assuming that Microsoft’s share price remains constant or falls, Bezos needed another $3.8 billion to
Let’s start with competence. Many types of professionals call themselves a “wealth advisor.” Attorneys, certified public accountants, insurance salespeople and professionals registered to sell securities (stocks, bonds, options, etc.), to name a few. There is no “wealth advisor” designation. Some professionals who refer to themselves as wealth advisors have obtained qualifications, such as Certified Financial
Nutanix shares jumped 12 percent in extended trading on Thursday after the developer of cloud storage and networking software reported third-quarter revenue that topped analysts’ estimates. Nutanix, which went public last year, generated sales growth of 67 percent, with new business coming from companies including Caterpillar, Volkswagen and Sprint. Corporations are flocking to Nutanix’s hybrid
Lowe’s first-quarter earnings and sales fell short of Wall Street estimates, sending shares of the home improvement retailer tumbling in premarket trade. In the wake of a strong first quarter for rival Home Depot, which recently reported better-than-expected same-store sales fueled by strong sales of big-ticket items, expectations for Lowe’s were high. But the results
The 18-karat yellow gold wristwatch is one of only three models to feature a black dial and diamond hour markers. Of those models, the Bao Dai is the only watch known to exist with diamonds at the even hours instead of the odd. The rock at 12 o’clock forced Rolex to move its trademark crown
At U.S. stores, the company said its grocery business continued to improve, with food categories delivering the strongest quarterly comparable sales performance in more than three years, due in part to a lack of market deflation in food. “From our data, Walmart is … also picking up some customers from mainstream grocers,” GlobalData Retail managing
A pair of fancy colored diamond earrings sold for a whopping $57.4 million at auction Tuesday, setting a new record. The pear-shaped earrings were being auctioned separately by Sotheby’s, however, they were sold to a single, anonymous buyer. The buyer snatched up “The Apollo Blue” earring for $42.1 million, and “The Artemis Pink” diamond for
Home Depot just showed Wall Street how it can buck the latest negative trends in retail, with both profit and same-store sales handily outpacing Wall Street estimates. The retailer also raised its fiscal 2017 profit outlook. Shares of the stock traded were up 1.5 percent following the report. Here’s what the company reported vs. what
Dick’s Sporting Goods‘ shares tanked Tuesday as the retailer struggled to grow first-quarter same-store sales as much as Wall Street was expecting. Dick’s also warned it is facing a “challenging retail environment” and is focused on cutting costs and streamlining operations — even as it moves ahead with plans to open new stores — in
TJX Cos., the owner of off-price chains T.J. Maxx and Marshalls, on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retailindustry. Shares of the company skidded more than 5 percent to $72.99 before the bell. TJX’s 1 percent rise in comparable-store sales in the first
If both stones are bought by the same buyer, and each stone fetches a price within its estimated range, the diamonds would become the most expensive earrings ever sold at auction, topping the $17.6 million price of the Miroir de l’Amour earrings sold by Christie’s last year. Sotheby’s said demand for colored diamonds remains strong.
The three major auction houses are set to auction off more than $1 billion worth of fine art this week, marking a test of whether collectors can shrug off turmoil in Washington and sagging stock markets. Sotheby’s, Christie’s and Phillips have an estimated $1.3 billion worth of works on the block this week. That would
J.C. Penney‘s stock plunged Friday after the embattled retailer reported weak comparable sales and a massive net loss in the first quarter. Shares of the stock fell as low as $4.48 intraday, the lowest level since 1972, according to FactSet. The stock closed down nearly 14 percent on Friday at $4.55 per share. The stock