Investing & Retiring

When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
0 Comments
The hottest gift of the season could also be the least used. For the 12th year running, gift cards remain the most popular items on wish lists, according to the National Retail Federation’s annual holiday report. Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods. The NRF
0 Comments
Christopher Goodney | Bloomberg | Getty Images Christopher Ailman, chief investment officer of the California State Teachers Retirement System Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 billion in assets. “The last
0 Comments
U.S. market indicators are signaling that the economy could slow in 2019, former deputy Treasury Secretary Roger Altman told CNBC on Monday as markets closed early ahead of Christmas. The major averages saw the worst Christmas Eve trading session in history as the Dow Jones Industrial Average shed over 650 points and the S&P 500
0 Comments
The U.S. Treasury Department had no concerns about liquidity whatsoever when Treasury Secretary Steven Mnuchin called the heads of the six largest U.S. banks on Sunday, a senior Treasury official told CNBC’s Sara Eisen on Monday. The calls were intended to be a check-in with the executives on Federal Reserve Chairman Jerome Powell, the government
0 Comments