Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
Loup Ventures founder Gene Munster told CNBC's "Fast Money" on Wednesday that Netflix's disappointing second quarter results are a turning point for the company, saying the...Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
If you live in a state with high-quality care for older Americans, chances are the cost of it isn't so great.
Data in a new report by Caring.com shows that seven of the top 10 states for quality elderly care also rank in the bottom 20 for the cost of those services.
"There's a trade-off," said Tim Sullivan, Caring.com vice president. "In some states, the quality of care is high, but so are the costs."
Coming in first for quality of care is Washington, yet it ranks 38th for cost. Alaska, which ranks right behind the Evergreen State, comes in last place in the expense column. Rounding out the top three for quality is Oregon, which ranks 39th when it comes to price.
Conversely, some states have low costs but their quality is lacking. For example, Alabama has the least-expensive care but ranks 44th for quality. Additionally, the Northeast showed generally higher costs and lower quality scores in the report.
The study used various statistics including nursing home costs, in-home care prices and elderly well-being assessments to arrive at its rankings. First overall is Utah, followed by Iowa, South Carolina, Washington and Nebraska. The bottom five include Wyoming, North Dakota, New York, Indiana and West Virginia.
The differences in cost for various services can be stark. For instance, the average annual cost of nursing home care in Alaska is $281,415 compared with $63,875 in Utah, according to a 2015 study by Genworth Financial.
Sullivan said that given the varying levels of quality and care offered across the country, it's important to start giving thought to options long before elder care services are needed.
On average, an American turning 65 today will spend $138,000 in future long-term care costs, according to the Health and Human Services Department. Such services include help with daily activities like bathing and eating, which about 50 percent of people will eventually need.
In general, Medicare, which most people register for at age 65, does not cover long-term care. For retirees who do end up needing such services, the costs can be eye-popping.
The average yearly cost of a nursing home is $82,000, according to the Kaiser Family Foundation. Home-based care, depending on the level of services needed, can hit more than $3,000 a month. So can the cost of an assisted-living facility.
If you have aging parents, starting a conversation early about their eventual plans. Beyond the financial preparation, there's the emotional aspect of getting ready for a time when they might experience a loss of independence.
"You don't want to wait until there's a precipitating event, like a fall or the onset of dementia, " Sullivan said.
At that point, the abruptness of changing how they live their life might cause the conversation to go poorly, regardless of whether it's because the parent needs around-the-clock nursing home care or a daily in-home nurse.
"The earlier you can plant the seeds and let them think about it, the more chance you'll have a good outcome," Sullivan said.