NEW YORK— The Dow Jones Industrial Average sank more than 1,000 points Tuesday as markets shuddered following Wall Street's realization that inflation isn't slowing as much as hoped. The hotter-than-expected reading has traders bracing for the Federal Reserve to ultimately raise interest rates even higher than expected to combat inflation, with all the…
SAN JUAN, Puerto Rico– Carlos Maldonado, owner of Business Planning Resources International Corporation, Glorimar Fashions and Tailoring, LLC, Global Business Insurance Agency Inc., and associated under the incorporation documents with Pet Card Systems, Inc., and Datavos Corporation, was sentenced today to 11 years and three months in prison for securities…
The Carolina Panthersplayed the Cleveland Browns Sunday afternoon at the Bank of America Stadium in their first game of the season. Anyway, let’ s dive into what else has happened in the Charlotte region lately. Wells Fargo has reached a settlement with the U.S. Department of Labor following an investigation into contributions made to the bank’ s 401 plan.
NEW YORK— Stocks climbed again Monday, as Wall Street made its final moves ahead of a high-stakes report that will hopefully show inflation hammered the economy less hard last month. The nation's punishingly high inflation, and the steps the Federal Reserve is taking to combat it, have been the driving forces on Wall Street all year. That in turn could allow the…
You probably won't see it on your calendar, but September is Life Insurance Awareness Month. And it is indeed important to be aware of the importance of life insurance. About 40 percent of Americans face some type of life insurance gap, either because they're uninsured or underinsured, according to a 2021 survey by the research and advocacy groups LIMRA and Life…
Mortgage rates and home prices are high. Housing prices, of course, vary by market, but on a national level, they have climbed steadily since the 1960 s, according to data from the St. Louis branch of the Federal Reserve. Mortgage rates, which have basically doubled from 2.9% a year ago to 5.89% as of Sept. 8, are a factor, but waiting for rates to drop is a dangerous game.
Arkells is also listed as a principal with a purported real estate investment firm in Redondo Beach but does not hold any securities licenses and has never been a registered broker, according to the SEC. The SEC is requesting that Arkells be ordered to pay undisclosed civil penalties and seeks an injunction preventing him from purchasing or selling…
In Patricia Highsmith's 1955 novel "The Talented Mr. Ripley," a con man who convinces the elites that he's a Princeton graduate goes on to dupe his way into high society and spend lavishly at high-end stores through forgery and other unscrupulous methods. The federal government and South Florida law enforcement say that untold billions are now stolen from…
WORCESTER— A Sutton financial adviser authorities said duped clients of $2.8 million and then continued to deceive one of them after being charged pleaded guilty Thursday to the resulting charges in federal court. James K. Couture, 42, pleaded guilty in U.S. District Court in Boston to four counts of wire fraud, four counts of aggravated identity theft, one count…
Everything is going up and it's all due to inflation. While the war in Ukraine was the catalyst for prices to go soaring, the domino effect only seems to get worse. To avoid another recession, the Federal Reserve raised its benchmark interest rate by 0.75 percent.
For first time in years, survey finds drop in retirement confidence
For the first time in years, an annual survey of retirement trends has found a drop in confidence with fewer Americans reporting they’re on track with savings.
The U.S. Attorney for the Southern District of New York, Damian Williams, issued the following news release on Sept. 8, 2022:. Damian Williams, the United States Attorney for the Southern District of New York, Patrick Freaney, Special Agent-in-Charge of the New York Field Office of the United States Secret Service, and Keechant L. Sewell, the Commissioner of the New…
"Measure twice, cut once" is the old carpenter's proverb. But long before the carpenter cuts, an architect measures and designs. Future retirees should be aware of how much they are putting aside, how much they will receive in Social Security, and, most importantly, how much they will spend in retirement.
After Catherine Hembrecht pays for basic necessities like food, shelter and utilities, she usually has about $2 left to her disposal until her next Social Security check rolls in. Hembrecht, 70, lives alone in her tiny rented Mishawaka, Indiana, home, where she is recovering from a recent leg amputation and learning to navigate daily activities from a wheelchair.
Voya Financial, Inc., a leading health, wealth and investment company, announced today findings from a new consumer survey revealing that inflationary pressures have American employees increasingly focused on their employer-provided benefits to help optimize their workplace benefits and savings needs. Specifically, due to inflation, Voya’ s survey found…
Beacon Bridge Wealth Partners, formerly affiliated with Ameriprise Financial Services, LLC, announces it has become an independent registered investment advisor to better serve its clients. Partners include Steven Krzywicki Jr., CFP ®, Megan Scott, and James Schmidt. The firm’ s 9 employees will serve clients from offices in Conshohocken and Warrington,…
The SEC's complaint, filed in the U.S. District Court for the District of New Hampshire, alleges Todd Christopher Doucette, of Hampton, New Hampshire, traded on two separate occasions in the securities of his employer, Align Technology, Inc., on the basis of confidential information he obtained as Align's Vice President of Business Transformation.
SANTA ANA, California– A former licensed stockbroker was sentenced today to 78 months in federal prison for committing several felonies, including running a securities fraud scheme in which he targeted low-income Hispanic victims to obtain more than $3.2 million via false promises of high returns from construction loans. Robert Louis Cirillo, 61, of Chino…
Richard G. Maike, of Owensboro, was charged with securities fraud and mail fraud, along with co-defendants Doyce G. Barnes and Faraday Hosseinpour, for allegedly taking funds from people prosecutors say believed they were buying into an online casino and investing into social media and music platforms. The federal complaint alleges Maike spent $12 million in…
