• Investing

    Analysts say bet on stocks like Anaplan and Repay

    Frank Calderoni, CEO of Anaplan. Adam Jeffery | CNBC In the final leg of 2020, stocks have delivered a record-breaking rally. The Dow Jones Industrial Average recently closed above 30,000 for the first time, with the other major U.S. stock indexes hovering close to record highs. Encouraging updates on the advancement of a coronavirus vaccine prompted an investor rotation into cyclical stocks, which tend to outperform during periods of economic recovery. “Although 30,000 isn’t much different than 29,999, there is something special about those big milestone numbers… This is yet another reminder of how far stocks and the economy have come since the depths of March,” chief market strategist for…

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  • Personal Finance

    Holiday Spending Statistics for 2020

    Rather than shopping in department stores and visiting Santa at the mall, this year’s holiday season is going to look a little different. You’ll likely be spending more time with your closest loved ones and exchanging gifts you ordered online. With the events of 2020, many have experienced unexpected changes in employment, income, and even health so the holiday budget is top of mind. To figure out what gifting budgets may look like this year, we ran our own holiday survey and collected 26 holiday spending statistics. In 2019, roughly 729 billion dollars was spent during the holidays. This topped the charts, making it the biggest holiday season. This number…

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  • News

    13 Leadership Lessons with Wondery Founder and CEO Hernan Lopez

    November 30, 2020 9 min read Opinions expressed by Entrepreneur contributors are their own. My ongoing series in partnership with Entrepreneur, If I Knew Then: Leadership Lessons, gives me the unique opportunity to host virtual fireside chats with high-profile CEOs of major brands, from Indeed and Blue Apron to Nextdoor and Warby Parker. During these information-packed sessions, I ask prodigious leaders to share relatable and practical advice. These insights from major movers and shakers in the business world are accessible as a resource for current and future entrepreneurs and are not to be missed.  For the latest episode, I had the privilege of sitting down with Wondery founder and CEO Hernan Lopez, who grew his company to be the most extensive and far-reaching independent podcast publisher in play. Launched in 2016, Wondery became the fastest network to join the…

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  • Investing

    Huge November gains may make the usual year-end ‘Santa Claus rally’ less likely

    Santa Claus pays a visit on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters A big year-end rally? Don’t get too excited yet. December is traditionally an up month: Since 1945, the S&P 500 rose nearly 1.5{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} in all Decembers and advanced in price 73{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} of the time, according to Sam Stovall at CFRA Research. But hopes for the usual “Santa Claus rally” may have to be tempered a bit this year. For one, there is the powerful November rally. The S&P 500 in November is closing up 11.2{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513}, the fourth biggest gain of all time but only the second biggest gain this year, after April, with…

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  • Personal Finance

    Can We Afford to Retire on Just $65K a Year?

    Dear Penny, I am disabled and my husband is our wage earner. We are both near age 70. We receive Social Security and some monthly pension payments that aren’t terribly large.  With his current income, we bring in about $99,000 before taxes. Without his income, we would bring in about $65,000 a year. We have a mortgage of $1,310 per month, plus a lease car payment and one credit card we are working to pay off. We need to account for monthly living expenses as well.  We do have some retirement funds we will need to start taking in the next few years, but we are trying to hold off…

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