Advisor News

—The European Central Bank will likely use its Thursday meeting as a prelude to a first interest rate cut in June as the rich world’ s central banks, including the ECB and the U.S. Federal Reserve, assess how soon receding inflation will let them loosen credit for businesses and consumers. Broad stock market indexes fell immediately in the U.S. on Wednesday and bond…

Investors pummeled U.S. stocks on April 10, lopping over 400 points from the Dow Jones Industrial Average, after a hotter-than-expected March inflation report that will likely force a major reset of Federal Reserve interest-rate cut outlooks. Headline inflation quickened to an annual rate of 3.5% last month, the Commerce Department said on April 10, while…

In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America's financial markets at the expense of the poor. The Fed was designed to transfer wealth from the American people to the government, mostly through the hidden tax of inflation.

Nearly two in three Americans say they worry more about running out of money than death with concerns about inflation, Social Security and taxes contributing to the fear, according to the 2024 Annual Retirement Study from Allianz Life.

More than 50,000 taxpayers in Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington and Wyoming have so far used the new online IRS Direct File program this tax season, according to the agency. The IRS estimates that 19 million taxpayers are eligible to use the new program in advance of the April 15 tax…

Do I need to notify Social Security and Medicare about the move? Yes, if you're a Social Security and Medicare recipient you definitely need to let these Federal agencies know when and where you move so there are no hiccups in your benefits or coverage. You can update both your Social Security and Medicare contact information online by simply using the "My Profile"…

The result was a week of big gains and losses, especially on Thursday when geopolitical concerns and musings on how many interest-rate cuts the Federal Reserve will make this year, freaked markets. Crude oil climbed to $86.91 a barrel, 4.5% gain for the week. The national retail price of gasoline averaged $3.59 on Saturday.

RALEIGH, N.C.– It seems the cost of just about everything is going up these days while most paychecks seem to stay the same. "The Fed has raised the interest rate eleven times so that's a lot of raising," she said. According to the U.S. Federal Reserve's most recent Survey of Consumer Finances report, the personal savings rate has dropped to 3.4 percent.

As Truth Social goes, so shall go the Trump campaign. If Truth Social is riding high, so will Donald Trump; if not? Donald Trump's cash crunch eased somewhat when an appellate court lowered the sum he needs to post bond in a New York civil fraud case, and his social media company, Truth Social, initially took off like a rocket on Wall Street.

Hello, Toni: My husband, Jay, retired six years ago when he turned 65. I spoke with a representative at the Social Security office and asked if Jay would receive a penalty for delaying enrollment in Part B. The rep said he would not, but that Jay will need to provide evidence that he has been enrolled in my employer health insurance. Hi Shirley: I have good news for you…

Wealth management giant Vanguard is moving into a newly built 91- acre campus in University City after managed health insurance company Centene abruptly backed away from its billion-dollar plans to locate there in 2022.. What happened with the Centene deal. In 2020, St. Louis- based Centene detailed plans to build its East Coast headquarters in Charlotte and…

Americans’ “magic number” for retirement is surging to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of the pandemic.