Who’s going to win the U.S. Presidential election in November? If history is a reliable guide, it will be the candidate who raises the most money during the campaign season. The last time the candidate who raised the most money lost was Gerald Ford vs. Jimmy Carter in 1976. Ever since, the money determined the winner.
It would seem obvious that companies that do well—enjoy better profits and deliver higher returns to their shareholders—would pay their CEOs more, while companies that didn’t fare as well would pay less.
It would also be wrong.
The opening celebration for the 2016 Olympic games just happened, and of course all you’re hearing about is pollution, crime, unfinished facilities, Zika and cheating Russian athletes. Chances are, the games will go off without a hitch and be highly-entertaining, despite some of the challenges that the athletes will face in their housing and venues. But once the games are over, the nation of Brazil is likely to experience a familiar dose of economic trauma.
In case you hadn’t noticed, the S&P 500 index reached record territory yesterday, and the Nasdaq briefly crossed over the 5,000 level before settling back with a more modest gain. At 2,137.6, the S&P 500 finished above the previous high of 2,130.82, set on May 21, 2015.
If you had to save $10,000 in the next six months, how would you go about it?
Columnist Simon Constable took an inventory of average living costs, and came up with a surprising conclusion: this is actually do-able for some people, and it might actually be easy. However, for smart consumers, your total savings might not add up to much more than triple digits.
According to the Student Loan Marketing Association (more commonly known as Sallie Mae Bank), the average tuition, room and board at a private college comes to $43,921. Public tuition for in-state students at state colleges amounted to $19,548, with out-of-state students paying an average of $34,031.
How are parents and students finding the cash to afford this expense?
In the wake of the so-called “Brexit” vote in the United Kingdom, and the possibility (though not the certainty) that the U.K. will leave the European Union, you’re likely reading a lot of alarmist stories about the vote’s impact on the U.S. and your portfolio.
Don’t believe half of what you read.