Is your child ‘adulting’? Here are the top money lessons to teach them

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As parents, we learn that we have a responsibility to protect our children and guide them as they grow. By nature, we shield them from obvious dangers in teaching them the importance of keeping fingers out of outlets, safely crossing the street and staying away from drugs and alcohol. We also take them to the doctor, pay for their food and provide housing.

However, we often overlook crucial lessons about financial pitfalls.

As our children leave the nest and begin “adulting,” there are new situations that they need to be prepared for in order to have a successful launch. Much of this boils down to financial management. At this stage, our children, who are experiencing life as adults for the very first time, are extremely impressionable. However, so many parents miss this opportunity to emphasize the importance of a healthy financial lifestyle.

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Red Lion Hotels stock sheds half its value, making search for new CEO ‘necessary’

Shares of Red Lion Hotels Corp. RLH, -55.73% lost more than half their value toward a 10-year low in midday trading Friday, after the hotel company swung to a third-quarter loss and said Chief Executive Greg Mount has resigned after nearly six years in the role. The company reported a net loss of $3.5 million, or 14 cents a share, after a profit of $8.9 million, or 35 cents a share, in the year-ago period. The company attributed the year-over-year change in results to the loss of revenue from the sale of company-operated hotels, and the gain of $26 million in the year ago period from the sale. The one analyst surveyed by FactSet that provided an earnings estimate was expecting a profit of 7 cents a share. Revenue fell 8.7% to $32.9 million. The company slashed its 2019 outlook for adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to $11.5 million to 413. 5 million from $20.5 million to $22.5 million, to reflect the underperformance of the remaining company-owned hotels. Separately, Chairman Bob Wolfe said given that the company’s operational performance hadn’t progressed as expected, "action was necessary, starting with a search for a new CEO." The stock, which tumbled 56%, has lost 65% year to date, while the S&P 500 SPX, +0.05% has climbed 23%.

RCMP seek person of interest in armed Whalley robbery

The Surrey RCMP is looking for help to find a person of interest in an armed robbery in Whalley.

According to police, it happened around 5:45 p.m. on Oct. 27, at the Chatr Mobile store in the City Centre Mall.

Mounties say a man went behind the counters, stole cash from the register and threatened an employee with a weapon, before fleeing on foot towards University Drive.

Watch: President Trump delivers remarks at 'Black Voices for Trump' coalition launch party

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President Donald Trump delivers the opening remarks at the launch party for the "Black Voices for Trump" coalition at the Georgia World Congress Center in Atlanta, Georgia.

The coalition is designed to activate and engage black Republican voters ahead of the 2020 presidential election.

Trump is expected to address his administration's accomplishments for African Americans during his tenure, including record low unemployment and passage of the First Step Act to address criminal justice reform.

Trump faces an uphill battle if he hopes to connect with black voters ahead of the 2020 election. Republicans historically have struggled to connect with black voters since the Civil Rights era.

In 2016, Trump managed to garner 8% of the black vote, higher than Mitt Romney's 6% in the 2012 presidential election.

According to a Pew Research Center poll in 2018, 84% of African Americans identify with or lean toward the Democratic Party, compared with the 8% that identify more with Republicans. Of those, only 3% are registered Republican voters.

Vice President Mike Pence and Housing and Urban Development Secretary Ben Carson are also slated to address the audience.

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Art Laffer warns Elizabeth Warren's tax policies could lead to 'deepest decline ever'

Laffer’s comments came after the Massachusetts senator was speaking to reporters in Iowa and claimed that billionaires alone could potentially fund her $52 trillion "Medicare-for-all" proposal.

WARREN UNDER FIRE ON 'MEDICARE-FOR-ALL' AS SHE NOW CLAIMS BILLIONAIRES ALONE CAN FUND IT

“It doesn’t raise taxes on anybody but billionaires,” Warren said. “And you know what? The billionaires can afford it, and I don’t call them middle class.”

In an interview with The New York Times on Wednesday, Microsoft founder Bill Gates – who has a net worth over $100 billion – said he found Warren's pitch to be too much. The plan would hit billionaires, banks and corporations the hardest.

Warren, D-Mass., has promised her constituents that the middle class will not be hit with a tax hike.

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"I've, uh, paid over $10 billion in taxes. I've paid more than anyone in taxes (audience laughs). I'm glad to have — if I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, OK, then I'm starting to do a little math about what I have leftover," Gates said.

Fox News’ Julia Musto contributed to this report.