By Robert Burgess/ Bloomberg Opinion. This time they rose 0.7 percent for April as measured by the Commerce Department, topping the 0.4 percent median estimate of economists. Instead, they are helping to increase the odds that the Federal Reserve can bring the economy in for a mythical "soft landing," avoiding a deep recession that throws millions out of work and…
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Currency crisis: Preparing your business for shifts in currency stability
Time will tell how the shift in currency stability affects domestic businesses, but for now, planning the next steps is a must for business owners.
Most Americans surveyed say they can’t count on Social Security for retirement income
Nearly three in four of the respondents to a recent study said they can’t count on Social Security income when planning for their retirement .
Finding the right career is a journey — 3 strategies for success
If you or your client(s) are feeling similar to how I was – unsure of your current career or career path, here are three things that helped me during my decision-making process.
Millennials say they want their parents to safeguard their own financial security as opposed to leaving an inheritance.
From many middle-class and lower-income households living paycheck to paycheck to financial pressures on community and regional banks and the commercial real estate sector, the U.S. and global economies face plenty of challenges. The Federal Reserve's latest quarter-point interest rate increase was another attempt by the U.S. central bank to curtail…
The company specifically targeted older people with retirement accounts and right-wing political views, according to an August 2020 email from a Red Rock Secured employee to a provider of ad space cited in the SEC complaint. The SEC claims that the advertised 1-5% markup was false and that the coin prices were in fact marked up as high as 130%, allowing the…
Three former executives associated with the Lake Oswego- based firm Aequitas Management were found guilty of conspiring to commit mail and wire fraud in the District Court of Oregon Monday, May 15, after raising nearly $300 million from defrauded investors. Former executive officer Robert J. Jesenik of Lake Oswego and executive vice presidents Andrew N….
ESG rule ‘wrong rule’ to have ideological fight, analyst says
A Texas judge could decide any day on a lawsuit brought by state attorneys general against the Department of Labor’s environmental, social and governance investing rule.
Diverse investors require a tailored approach
A more diverse population requires financial professionals to take a different approach in meeting their needs.
A new survey from the Nationwide Retirement Institute shows consumers are fearing the worst: 68% expect a recession within the next six months and nearly 80% of those who do, expect it to be severe.
Two-thirds (67%) of U.S. adults expect the economy will enter into recession later this year – a key finding from Northwestern Mutual’s newly released 2023 Planning & Progress Study exploring Americans’ attitudes and behaviors toward their finances.
Every year, investors use 529 plans to save for their loved ones' educations. A recent change to U.S. law provides more flexibility for 529 plan assets. In December 2022, SECURE Act 2.0 was signed into law to enhance retirement savings opportunities for Americans.
Mother’s Day: More than a day to buy flowers
Mother’s Day is a good time to reflect on the monetary value of the work mothers do for their families and for society.
Study: confidence in having adequate retirement savings drops
Americans’ confidence in having enough money to live comfortably in retirement declined significantly in 2023, according to a recent survey.
When you go to the doctor, you explain what feels wrong or share your symptoms for them to diagnose the problem. The same is true for our business as financial advisors.
Depending on who you ask, the U.S. economy is either headed for a soft landing post-recession or an apocalyptic downturn the likes the world hasn't seen since the Great Depression. While the truth probably lies somewhere in the middle, both schools of thought seem to have the same villain at the center of the issue: Federal Reserve Chairman Jerome Powell.
Kent Lawayne Edlin was indicted on eight counts of securities fraud by a grand jury on May 4, 2023. Edlin…
—The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.. Other major central banks, such as the U.S. Federal Reserve and the European Central Bank, have also been raising interest rates at a consistent pace in order to get inflation rates down from…
Many analysts don't think the economy will get weak enough to force the Federal Reserve to cut interest rates this year. But market guru Jeremy Siegel anticipates several months of job losses later this year. If the Fed doesn't answer with rate reductions, the stock market's rally may be done for the year, the Wharton School finance professor told CNBC.
