If this were any “normal” time, we’d be able to buy safe bonds and collect enough income on our nest egg to fund our retirements. Unfortunately, this is the “new normal” where the Fed is not the friend of us current and hopeful retirees! Jay Powell is afraid for his job, which means he’s going
There is no passage in the Bible that states, “Thou shalt not pay tax.” That was the finding in an Australian court case which garnered worldwide interest because of the nature of the defense: the family refused to pay tax, claiming that it was “against God’s will.” However, Associate Justice Stephen Holt ruled against them, ordering
Millennial home buyers have become the largest cohort for home purchases, Adobe Stock A new report by CoreLogic, a leading property information and data provider, takes a deep dive into the evolution of the U.S. housing market during the nation’s longest economic expansion and touches on a burning question: Is a recession looming? The U.S.
A presentation by billionaire co-founder of private equity firm TPG Capital, James Coulter. In this presentation, Jim analyses four markets that he sees investment potential in and breaks down what he looks for in each industry before he invests. Jim also talks about the history of multiple sectors and reaching punctuated equilibrium. Like if you
Secretary of the Treasury Steven Mnuchin SAUL LOEB | AFP | Getty Images Treasury Secretary Steven Mnuchin said that the department will police bitcoin and other cryptocurrencies with “very, very strong” regulations so that they don’t become like anonymous Swiss bank accounts. “We’re going to make sure that bitcoin doesn’t become the equivalent of Swiss-numbered
James Gorman, chief executive of Morgan Stanley. Qilai Shen | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.14 a share, 12% lower than a year earlier, according to Refinitiv Revenue: $9.99 billion, 5.8% lower than a year earlier
A trader works on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After a record 2018, buybacks so far in 2019 are strong but just below 2018’s record, according to a new report from J.P. Morgan. As buybacks hit records last year (about $800 billion) a predictable political backlash developed. Corporations
Tim Cook, chief executive officer of Apple, Inc. Daniel Acker | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Thursday: Raymond James upgraded Apple to ‘outperform’ from ‘market perform’ Raymond James upgraded the stock saying it had “conviction” in the Apple 5G iPhone. “Our call may well be early –
Gece33 | Getty Images As college costs rise, some students apply to a laundry list of schools to increase their odds of getting into one they can afford. Yet doing so can leave families with another large tab. “Application fees quickly add up to thousands of dollars if you apply to dozens of colleges,” said
Share to facebook Share to twitter Share to linkedin The Consumer Financial Protection Bureau faulted bank and credit unions today for frequently failing to report suspected cases of elder financial exploitation enough directly to the authorities. The bureau called the lapse a possible missed opportunity to strengthen prevention and response. “More reporting to the relevant