Stocks that pay big dividends haven’t been this cheap in at least 40 years, according to Goldman Sachs. The valuation gap between high- and low-dividend-yield stocks is close to the widest it has been since around 1980, the bank said. The market is pricing in “an overly pessimistic” level of dividend payouts with the swap-market prices implying a 2.7% growth in S&P 500 dividend per share through 2023, well below Goldman’s estimate for 5% annual growth over the next five years. “Dividend growth p

Joyce’s spin aside, mistakes can indeed be learning experiences — and we all make them, especially when it comes to finances. Financial advisors make a living trying to help clients steer clear of error when it come to managing money but mistakes do happen. We asked advisors from firms that made the FA 100 list what the worst money misstep they’ve ever seen a client or other investor make was. California Financial Advisors, San Ramon, California • Michelle Perry Higgins, principal: “Individuals

This cautionary tale of risky lending, ballooning debt and market speculation should be a clear warning of looming perils in the student loan industry. With approximately $1.4 trillion of outstanding debt, student loans are now the second-largest category of household debt in the U.S., trailing only home loans. As tuition and fees continue to increase at both public and private institutions, students’ debt loads are rising along with them. Over the past 20 years, college costs have grown at over

You might know by now that Medicare’s annual open enrollment is underway and ends Dec. 7. Others are seeking your identifying information — whether your Social Security, bank account or Medicare number — which could be used to commit financial fraud. “I tell my own parents, ‘Medicare won’t call you and ask for your Social Security number,'” said Elizabeth Gavino, founder of Lewin & Gavino in New York and an independent broker and general agent for Medicare plans. This year, Medicare scams involv

It looks like holiday spending might not be as robust this year compared to last, and so one snowy December weekend could make matters much worse for retailers. Other already released holiday sales forecasts are a bit more optimistic. A separate survey by the National Retail Federation estimates holiday retail sales will grow between 3.8% and 4.2% this year, excluding automobiles, gasoline and restaurants. Consulting firm Coresight Research is calling for a 4% increase in U.S. retail sales this

SAN ANTONIO — Basketball Hall of Famer David Robinson, co-founder of Admiral Capital Group, is helping to raise $50 million for a new investment fund designed to help develop economically depressed neighborhoods in Texas. Robinson said he was drawn to the fund because it benefits the Alamo City, where he spent his entire professional basketball career. Investors get tax breaks on their capital gains if they leave their money in the community for at least 10 years. Investment firms Brown Advisory

Australia, which is just getting over its flu season, saw a surge in cases with the H3N2 strain. Changes in the flu virus, environment and even “some factors we honestly don’t understand” can contribute to how the flu season hits nations, he added. “It’s still too early to tell what this flu season might be like,” he said in an email. The last severe U.S. flu season was the 2017-2018 season with an estimated 48.8 million people falling ill and 79,400 deaths, according to the CDC. This year’s flu

Playing “PlayerUnknown’s Battlegrounds” on a Samsung Galaxy S10 5G smartphone with Vodafone’s 5G network. Playing a 4K YouTube video on the Samsung Galaxy S10 5G smartphone with Vodafone’s 5G network. Doing a speed test on a Samsung Galaxy S10 5G smartphone with Vodafone’s 5G network. One of the best speeds Vodafone’s 5G network produced was actually back at CNBC’s London HQ — at 6:48 in the morning. At CNBC’s HQ in London, Vodafone’s 5G network managed download speeds of more than 250 Mpbs.

Here’s how the 2020 candidates’ policy proposals would impact the deficitThe federal deficit for budget year 2019 hit nearly a trillion dollars, but even as we approach 13 digits on that metric, spending plans don’t seem to be shrinking, either under President Trump or the 2020 democratic candidates. Phil Klein, executive editor at the Washington Examiner, and Jared Bernstein, former chief economist to Vice President Biden and now senior fellow at the Center on Budget and Policy Priorities, join

Dow hits a new all-time high on trade optimism, October jobs reportCNBC’s Bob Pisani looks ahead at the day’s market action.

Dow set to open at record highsTraders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty ImagesU.S. stock futures were pointing to an all-time high for the Dow Jones Industrial Average at Monday’s open on Wall Street. The Dow would join the S&P 500 and Nasdaq, which both hit intraday highs and record closes last week. The stock market has been resilient this year in the face of up-and-down headlines on the U.S. and China trade

Apple said Monday it will contribute $2.5 billion to try and alleviate California’s housing crisis, raising the bar for tech companies to commit to the communities in which they reside. The announcement comes as Silicon Valley communities put more pressure on tech companies who have rapidly expanded in the Bay Area and contributed to the displacement of local residents who can’t afford skyrocketing housing prices. The announcement follows housing commitments from other tech giants like Google, w

Microsoft has taken yet another step toward ending the era of proprietary software, rolling out technology that will let customers use its Azure cloud tools on competing services. Microsoft introduced Azure Arc software at its Ignite conference in Orlando, Florida, on Monday. Developers will be able to use Arc to deploy a database or virtual machine onto infrastructure from Amazon or Google and manage it from Azure. In 2015, Microsoft introduced Azure Stack, allowing businesses to use features o

Piper downgraded the stock after the company’s CEO change and said that these kinds of changes are “disruptive.” “It is by now fairly common knowledge that McDonald’s has made a change at the CEO level. Albeit unfortunate, we believe the company acted in a timely and effective manner for the reason if only company policy was violated. While fundamentals are solid (nowhere more apparent than last week’s earnings results), changes of this magnitude tend to be disruptive. Our experience leads us to

Snap’s stock has been on a tear this year, and CEO Evan Spiegel credits two big changes inside the company for the turnaround. The stock is up more than 175% this year, representing a significant turnaround since it fell to a record low of $4.99 on Dec. 21, 2018. Users appear to have embraced the redesign and are watching more premium content in the app, Spiegel said. “I think that’s another example of one of those big bets that was challenging to make at the time starting to pay off,” he added.

The Federal Reserve shouldn’t raise interest rates again until inflation accelerates, Neel Kashkari, the president of the central bank’s Minneapolis district, told CNBC on Monday. “Make an announcement today that we will not raise rates until we get core inflation back to our 2% target,” Kashkari said during a “Squawk Box” interview. “That’s not a commitment to cut rates, that’s not a commitment to hold forever, it’s simply saying we’re not going to raise rates prematurely.” The current core inf

Citigroup is making another push for digital deposits. The bank is planning on offering users of its American Airlines co-branded credit card a high-interest online savings account early next year, according to people with knowledge of the plans. The strategy appears to be taking hold; the firm gathered almost $2 billion in digital deposits in the third quarter. The new digital service will be named the Citi Miles Ahead savings account and will only be available in areas where Citigroup doesn’t

Less shopping is happening on Amazon, and consumers are favoring Walmart, according to a new survey. A majority this year, 55%, said they prefer to shop at Walmart versus Amazon, up from about 47% a year earlier. Source: First InsightAmazon has disclosed it has more than 100 million Prime members worldwide. Amazon announced plans last month to start delivering grocery products for free within a two-hour window to all Prime members living in the 2,000 regions eligible for the service. Until then,

With stocks at sky-high levels, MKM Partners chief market technician JC O’Hara says one corner of the market could offer value. Now remember, in 2018 health care was the best performing sector. However, year to date, health care is the second-worst performing sector just ahead of energy. The RYH ETF has surged 25% off December lows, ahead of the XLV health care ETF’s 18% increase. So for example, we like Verizon,” Petrides said during the same segment.

Don’t expect to see former McDonald’s CEO Steve Easterbrook at another restaurant chain anytime soon. The fast-food giant is barring him from working for one of its competitors for the next two years as part of his separation agreement, according to a company filing on Monday. Shares of the fast-food giant fell nearly 3% in morning trading Monday. If McDonald’s hits its performance targets for 2019, Easterbrook will also be eligible for a pro-rated payment based on his termination date. For the