Dozens of students, teachers and activists gathered Sunday afternoon outside City Hall to launch the Green New Deal for Chicago Public Schools campaign, urging officials to increase investments in green schools and climate resiliency. Supporters clutched hand-painted signs listing demands as Chicago civic and educational leaders addressed the crowd.
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WASHINGTON- Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that's expected to begin as early as May. Powell, in an interview recorded Thursday for the CBS news program "60 Minutes," also said the nation's job market and economy are strong, with no sign of a…
—A South Korean court acquitted Samsung Electronics Chairman Lee Jae-yong who was accused of stock price manipulation and accounting fraud in relation to a contentious merger between two Samsung affiliates in 2015 that tightened his grip over South Korea’ s biggest company. The ruling by the Seoul Central District Court on Monday could ease the legal…
Oregon’s Division of Financial Regulation (DFR) joined a multi-state settlement alleging that Raymond James & Associates, Inc. and Raymond James…
Seniors, retirees will benefit from AI advances, experts say
According to tech and financial experts, seniors will greatly benefit from AI, without ever needing to know it’s working for them.
Study: Consumers favor flat fees for financial planning, investment services
A new study finds flat fees are emerging as a favored way for consumers to pay for financial planning and even for investment management.
WASHINGTON— The Internal Revenue Service offered a checklist to help taxpayers as they prepare to file their 2023 tax returns during filing season. These six easy tips will help make tax preparation smoother in 2024. Social Security numbers for everyone listed on the tax return.
With all the Federal Reserve dominating the news lately, some of you may be tempted to ask, "Fed, Shmed, what's all this got to do with me?" "When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down," the Federal Reserve Bank of Cleveland said on its website. " When inflation is too low, the Federal Reserve…
A Marietta man was sentenced Thursday to nearly eight years in prison for running a $110 million Ponzi scheme through which more than 400 people lost their investments. John J. Woods, a former longtime executive at brokerage and investment bank Oppenheimer& Co., pleaded guilty in March to a single count of wire fraud. He had already been sued, alongside two…
Your client is the executor. Now what?
Six ways advisors can help clients through the financial and emotional aspects of settling an estate.
Relationship status influences women’s financial behavior, mindsets
Changes in relationships can impact the financial behaviors and mindsets of women, according to a study recently released by Equitable.
Retired nurse Nga put her life savings into a bond at Vietnam's SCB bank, but now cannot access her money after being caught up with tens of thousands in a multibillion-dollar scam that has shocked the nation. Lan, chair of major developer Van Thinh Phat, is said to have swindled the cash from Saigon Commercial Bank for years, leaving unsuspecting investors out of…
Q: My husband passed away in January, two weeks away from his 73rd birthday. I am 65, disabled and receiving disability payments from Social Security. Am I entitled to any additional Social Security benefits?
According to a new MDRT study, 39.2% of U.S. workers say they will have employer-provided term life insurance in 2024, and 33% say they will have employer-provided long-term disability insurance.
According to the Social Security Administration, more than half a million Americans received their Social Security benefits while living overseas in 2016.. According to International Living's recently released 2024 Annual Global Retirement Index, the world's top retirement destination is Costa Rica. In second this year came Portugal, followed by Mexico.
The charges unsealed Monday also included an indictment against Australian blockchain entrepreneur Sam Lee, who prosecutors alleged co-founded the international scheme they said defrauded investors of $1.89 billion. The U.S. Attorney "s Office for the District of Maryland said in a news release that she will be required to pay at least that amount back in…
Only one-third of men correctly estimated how long a 60- year-old man in the U.S. could expect to live, according to a 2022 TIAA Institute survey. And fewer than half of women got it right for a 60- year-old woman. Advisers call this— understanding how long you’ ll live in your retirement years— longevity literacy.
4 retirement fund withdrawal strategies for your clients to consider
Morningstar’s 2023 research suggests that 4.0% is the highest safe starting withdrawal rate for retirees spending from an investment portfolio, assuming a 90% probability of having funds remaining at the end of an assumed 30-year retirement period.
Differing generational retirement expectations spur personalized strategies
Differing generational expectations about when to retire are placing an increased focus on personalized investment strategies.
—Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year ago, most economists had envisioned a much…
