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Senate, unlike House, would keep mortgage deduction intact

Senate, unlike House, would keep mortgage deduction intact

Finance
New details of GOP tax planSenate Republicans have a message for their House counterparts: leave the mortgage interest deduction alone. On Thursday, Senate Republicans unveiled their version of a tax reform bill, and it retains the current tax break that allows homeowners to deduct interest on mortgages up to $ 1 million,according to initial materials from the Senate Finance Committee. That's in contrast to the House bill proposed last week, that would limit the deduction to home loans over $ 500,000. That lower cap would have only applied to new mortgages. As lawmakers work to merge their two plans, a new limit could emerge on how much mortgage interest homeowners can deduct. So far this year, 5.4% of all loans originated were more than $ 500,000, according to data from ATTOM Data Solu...
Can Roku Stock Keep Going After Last Week's 16% Pop?

Can Roku Stock Keep Going After Last Week's 16% Pop?

Finance
One of this month's biggest winners is  Roku (NASDAQ: ROKU) , soaring 16% last week and 89% for all of November. The stock's been on fire since the company posted game-changing third-quarter results  in its first financial report as a public company.Some reports earlier in the week credited the rally to a short squeeze , which is a possibility since 4.8 million shares of Roku, or roughly 30% of the public float, were sold short by the end of October. The stock had skyrocketed 70% a week earlier on the strong quarter, so it's not out of the question to think that short sellers were scrambling to cut their losses. However, the rally was cut short on Tuesday, when Oppenheimer downgraded the stock. The unflattering analyst call ate into most of Monda...
Here’s how to teach your kids about money

Here’s how to teach your kids about money

Finance
In order to teach your children about money, giving them a piggy bank just isn't enough.In this country, children are coming up empty when it comes to dollars and cents and both schools and parents are a big part of the blame.About 1 in 5 children in the U.S. don't meet baseline levels for financial literacy proficiency, according to the often-cited PISA 2015 Financial Literacy assessment. Only 10 percent are considered "top performers" capable of analyzing complex financial products and problems.Not surprisingly, students who are required to take personal finance courses have better average credit scores and lower debt delinquency rates as young adults, according to data from the Financial Industry Regulatory Authority's Investor Education Foundation, which seeks to promote financial lite...
The stock market's 'split personality' could set off a correction at any moment, Art Cashin warns

The stock market's 'split personality' could set off a correction at any moment, Art Cashin warns

Finance
Investors may want to take cover soon.Art Cashin, UBS' director of floor operations at the New York Stock Exchange, says a "split personality" is manifesting itself in the stock market, and it could hit Wall Street where it hurts at any moment."We've been setting record new highs, and often the breadth has been negative. We've had more declines than advances," Cashin said Thursday on CNBC's "Futures Now.""We're starting to get more new lows than new highs; 30 percent of the stocks in the S&P [500] are down for the year. Those are very unusual combinations with new record highs."The divergences aren't the only factor creating concerns for Cashin, who's been a fixture at the New York Stock Exchange since 1964."I'm troubled by the market internals, and I'm very cautious about what is goin...
3 Value Stocks for Retirement

3 Value Stocks for Retirement

Finance
Investing in stocks during retirement might sound risky at first. However, you can minimize that risk by focusing on the highest-quality stocks selling at a discount to their true long-term value.Of course, finding those stocks is easier said than done. So we asked three top Motley Fool investors to each pick a value stock that they believe retirees can appreciate. Read on to learn why they chose Retail Opportunity Investments (NASDAQ: ROIC) , Walt Disney Co. (NYSE: DIS) , and Ford Motor (NYSE: F) .Image source: Getty Images.This REIT won't be retiring anytime soonSteve Symington (Retail Opportunity Investments): As a real estate investment trust ( REIT ), Retail Opportunity Investments is required to return at least 90% of its income to shareholders...