CANTON− A 68- year-old Jackson Township man will spend four to six years in prison for defrauding investors in his radial engine start-up companies. At the conclusion of Charles M. Boulton's plea hearing Tuesday, Stark County Common Pleas Judge Frank Forchione ordered Boulton committed to the Stark County Jail, where he awaits transfer to a state prison,…

Back in the early days of the pandemic, the United States' patchwork of state-run unemployment systems got a real-world stress test— and didn't do very well. And the Federal Reserve is predicting that the unemployment rate will rise soon too. There is some good news for unemployment insurance, or UI, systems across the country, said Andrew Stettner, director of…

NEW YORK–(BUSINESS WIRE)–As inflation remains elevated and the cost of everyday goods continues to rise, New York Life’s Wealth Watch Survey revealed…

–Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Gladstone Wealth Partners, LLC, a pioneering wealth management firm and registered independent advisor with over $13 billion in assets under…

Each month, Seeley, a retired teacher, gets $925 from Social Security and a $287 disbursement from an individual retirement account. To make ends meet, she's taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly. That's according to a valuable but little-known measure of the cost of living for older adults: the Elder Index, developed by…

—Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. The highest inflation in 40 years and sharp hikes in interest rates by the Federal Reserve to combat it have sent prices reeling across all kinds of financial markets,…

The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Yiming Ma, an assistant professor at Columbia University, says it's not a question of if but when a recession will happen.

Sripetch, a resident of Los Angeles who used the aliases "King Richards" and " Shelby Saint-Claire," pleaded guilty in February. He admitted that he failed to comply with securities regulations requiring that stock offerings be registered with the Securities and Exchange Commission. He also admitted that his relevant conduct included conspiring with his…

By Brad McMillan The first estimate of national economic growth, the gross domestic product (GDP), came in this morning at…

The Federal Reserve tossed a bucket of ice water on the economy this week by boosting its benchmark interest rate from 2.25% to 2.5% in an effort to bring runaway inflation under control. "If you find the home you like, or the car you want, you should go forward," according to Don Detts Jr., a certified financial planner with Wells Fargo Advisors in Southpointe.

Representatives from the Biden Administration as well as from the Federal Reserve seem preoccupied with conveying to the American public that the United States economy has not yet fallen into recession. And technically, they are correct as the National Bureau of Economic Research, the body that defines exactly what constitutes a recession defines one as "a…

An expert explains why using virtual reality can “make insurance cool for new generations.”

In today’s world of high inflation and multi-trillion-dollar budget deficit, many believe the U.S. government has spent too much to bring the economy out of the COVID-19 recession.

The Federal Reserve raised interest rates by three-quarters of a percentage point in order to battle inflation, even as the economy has begun to slow. The Fed also signaled in its post-meeting statement that more rate increases are to come, probably in September, saying that it "anticipates that ongoing increases in the target range will be appropriate."

The Mega Millions jackpot now sits at an estimated $1.02 billion, or $602.5 million cash, after no grand prize tickets were sold for the Tuesday night drawing. The Mega Millions jackpot now sits at an estimated $1.02 billion, or $602.5 million cash, after no grand prize tickets were sold for the Tuesday night drawing. No one has won the Mega Millions since April 15,…

COLUMBUS, OHIO — Halfway through 2022, middle market companies report continued historic growth rates over the past year. Although confidence…

July 27, 2022 Prudential Financial, Inc.’s latest Pulse research series, “Americans Prepare for the Economy’s Next Act,” finds fears of…

With market volatility combining with inflation, a multi-asset approach to investing has become relevant again.