With the stock market, it’s more complicated. On the other hand, Bellfy said, “a stock market crash that starts the day after you retire can cause a permanent lifestyle impact if all your money is invested there.” Julio MaciasThe biggest mistake middle-aged investors can make is to sell at the bottom of a bear market, Sweeney said. “Most people still have 10 or more years until they retire, which is typically more than enough time to ride out a bear market,” he said. (A bear market is said to ha

If you can clear a few hurdles, high health care costs might help lower your 2019 tax bill. The deduction for medical expenses is one of the few tax breaks currently available to individuals, due to tax-law changes in effect from 2018 through 2025 that doubled the standard deduction and eliminated most other write-offs. That is, medical expenses above 7.5% of your adjusted gross income can count toward the deduction, instead of the 10% floor that was scheduled. “But if something takes them over

President Donald Trump made another pitch to the Federal Reserve to lower interest rates, this time saying that doing so could help the U.S. pay down its burgeoning national debt. Trump urged the Fed to “get smart” and “make our interest competitive” with other countries. Trump has hectored the Fed on multiple occasions to lower its benchmark overnight borrowing rate, which is currently targeted in a range between 1.5%-1.75%. Despite the cuts, Trump has said the Fed is still moving too slowly to

WASHINGTON — The Trump administration on Tuesday expressed disappointment after the U.K. announced it would allow Chinese telecommunications giant Huawei limited access to some British 5G mobile networks. “The United States is disappointed by the U.K.’s decision,” a senior Trump administration official wrote in an emailed statement to CNBC. The official added that the Trump administration will work “with the U.K. on a way forward that results in the exclusion of untrusted vendor components from

Facebook users are clicking on more ads than before, according to the company’s own tools that are provided to advertisers, suggesting the company will announce strong fourth quarter results on Wednesday. Ads clicked rose from 17 to 19. Across the globe, the monthly median changes were similar:Posted comments remained at 5. Meanwhile, in the U.K., the monthly median changes were:Posted comments remained at 8. Facebook claims 2.8 billion monthly users across its suite of services, including 1.62

DETROIT – BorgWarner on Tuesday announced it will acquire fellow auto supplier Delphi Technologies in an all-stock transaction that values Delphi at about $3.3 billion. Under the deal, Delphi stockholders will receive a fixed exchange ratio of 0.4534 share of BorgWarner common stock per Delphi share. Current BorgWarner stockholders will own about 84% of the combined company, while current Delphi Technologies stockholders are expected to own 16%. The combined $14.5 billion company will be led by

U.S. Health Secretary Alex Azar warned Tuesday that the coronavirus raging across mainland China is a “potentially very serious public health threat,” saying that the Trump administration is expanding screening for the virus from five to 20 U.S. airports. CDC officials said the screenings will focus on identifying ill patients as well as educating travelers so they can help contain the disease. U.S. health officials said Tuesday that they are still determining the real speed and spread of the di

(This story is for CNBC PRO subscribers only.) General Electric will report its fourth-quarter earnings on Wednesday before the bell and the top industrials analyst on Wall Street broke down what investors should expect. J.P. Morgan analyst Stephen Tusa explained the importance of this report for shareholders, as GE should provide its 2020 forecast for free cash flow in the year ahead – a metric that is closely watched by investors. Additionally, unpacking the “moving parts” of the impacts on GE

Azar: Americans should reconsider travel to ChinaHHS secretary Alex Azar delivers an update on the coronavirus outbreak as more cases are reported around the globe.

You can be a buyer in this market: Boston Private Wealth CIOStephanie Link, Nuveen, Shannon Saccocia, Boston Private Wealth CIO, and Kari Firestone, Aureus Asset Management, join ‘Fast Money Halftime Report’ to discuss the markets amid the coronavirus outbreak fears.

Why U.S. roads and highways are so badThe roads, highways and bridges across the country are funded, owned and maintained by a complex cluster of different government agencies at the local, state and federal levels. Roads and highways are vital to economic growth and play a key role in American culture. But more than 30% of Americans say the roads in their area are in need of urgent repair.

Beyond Meat — Shares of Beyond Meat fell 4% following a downgrade to neutral from overweight from JPMorgan. The firm said the alternative meat company is no longer fairly valued as investors have already priced in news about growing restaurant partnerships. Harley-Davidson expects to earn between $4.53 billion and $4.66 billion in revenue in 2020, while analysts forecast annual revenue of $4.65 billion. Las Vegas Sands, MGM Resorts, Carnival Cruise Lines, Norwegian Cruise Lines, Royal Caribbean

Nike has sold out of all of its Kobe Bryant merchandise online, following the tragic death of the basketball legend on Sunday, a spokesperson confirmed to CNBC. Nike is currently evaluating how it will proceed with selling Kobe merchandise. The company had other Kobe sneaker launches in the works prior to the accident. A StockX spokesperson said in a statement: “As is the case for any live marketplace, real-life events have ramifications on market performance. Another resale company, Urban Neces

Getty ImagesInvestor anxiety over the coronavirus led to the Dow Jones Industrial Average’s longest losing streak since August, and the market may have more to lose, going by past epidemics. The coronavirus outbreak has killed 106 people and infected 4,515 in China, and the disease has spread to countries around the globe. Medical experts have compared the coronavirus to the severe acute respiratory syndrome, or SARS, which lasted 38 trading days and resulted in a 12.8% sell-off in the S&P 500.

The White House is considering imposing travel restrictions on China amid an escalating death toll from the new coronavirus, two senior administration officials said Tuesday. The restrictions could affect flights into and out of China, as well as airports across the United States, the officials said. A senior staff meeting was held at the White House on Monday during which the restrictions were discussed. Coronavirus live updates: Outbreak has killed 106 people and infected nearly 4,700The Cente

Americans might love the open roads but many apparently don’t like … actual roads. The quality of two different roads, even two connected roads, can vary tremendously depending on which government entity is funding what. Municipal roads, particularly those in poorer areas, are typically the ones furthest behind in repairs. The fund is supposed to be financed solely through federal taxes on fuel — just over 18 cents per gallon for gasoline and 22 cents per gallon on diesel. More fuel-efficient

Nearly half of the industrials sector is reporting before the week is out including heavyweights Caterpillar, Honeywell and Boeing. “Our top conviction is Caterpillar – 13 times forward [earnings], 1.4 times sales, attractive valuations, 3% dividend. We would not buy ahead of earnings but look to be a buyer of a dip after earnings,” said Tatro. Caterpillar is scheduled to report earnings on Friday. Ari Wald, head of technical analysis at Oppenheimer, said the trend is your friend when it comes t

In the middle of the opiate crisis, a Silicon Valley start-up called Practice Fusion saw an opportunity. Instead of charging for the software, like its competitors, the company generated the bulk of its revenue by advertising to doctors. And it used that advertising system to encourage physicians to prescribe opiates, according to the Department of Justice. “We remain committed to Practice Fusion and believe this matter should not overshadow the important and valuable work it is currently perfor

President Donald Trump’s impeachment trial in the Senate resumes Tuesday, with his legal team laying out the case for acquittal on the final day of arguments before the floor opens to questions. A whistleblower report on Trump’s Ukraine dealings – made public in September – triggered the probe. The president’s legal team began its defense on Saturday, following three days of evidence presented by the House impeachment managers arguing for Trump’s removal. Later Monday morning, Trump falsely said

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. No matter what happens with Apple’s earnings report after the bell on Tuesday one thing is certain: the stock is likely heading higher, according to a number of Wall Street analysts. Shares of the company are up 27% since the tech giant’s last earnings report in October, which many analysts attribute to the upcoming 5G cycle. But while Apple TV+, iPhone sales, Services