The bulls stayed in control in afternoon trading Tuesday, The Nasdaq was up 1%, undeterred by news of another round of tariffs on Chinese imports.
Read moreApril 04–The Georgia Legislature finished its business early Friday morning with one last vote just after midnight on a tax…
The Internal Revenue Service has issued an alert saying it has received reports from around the country of tax preparers instructing their clients who may owe a penalty to make the payments directly to the preparer…
Seven groups banded together to file the suit in the U.S. District Court for the District of Columbia, plus more payer news from around the web.
I am not quite sure exactly when I received“ The Subprime Primer,’’ a slide deck that someone e-mailed me early in 2008. I do remember thinking that it was unlikely ever to be surpassed as an introduction to the financial chain reaction that began as I was writing“ The Ascent of Money’’ and reached its climax in the months after the failure of Lehman Brothers, the 10th…
Stocks reversed higher and held gains in afternoon trading Tuesday, as Hurricane Florence sparked sharp gains in energy stocks and gasoline prices.
Defined contribution and IRA account balances are not only on the rise overall, but a record number are hitting seven figures, according to Fidelity Investments’ latest quarterly report. “The stock market’s performance over the past several years has definitely helped retirement savers, but now would be a good time for investors to take a moment and make sure…
LONDON – Argentine families are trying to cope with 30 percent inflation. Companies in Turkey face bankruptcy if they can’t pay off soaring debts. And investors who bet on emerging markets will be deep in the red this year.
The 10th anniversary of the Lehman Brothers bust this week resounds with retrospectives on the great financial crisis. Having immersed myself in the life of one of the protagonists, I have my own perspective. When my biography of former Federal Reserve chairman Alan Greenspan first published two years ago, I was concerned that the common understanding of the…
Businesses added 163,000 jobs in August, payroll processor ADP said. Economists expected 200,000 gains.
The turning of the calendar to September might do what fears of a trade war and talk about the impeachment of President Donald Trump could not: cause stock prices to fall.
“Everybody right now is basically running around trying to leverage the new exemption because they’ re worried that this is going to go away if the President doesn’ t get reelected,” says Jonathan Forster, an estate lawyer with Baker Hostetler in Washington, D.C.. “For sophisticated high net worth clients, it’ s not whether we’ re going to do it, it’ s when and how,” says Natalie…
Early adopters of artificial intelligence are expecting substantial increases in profitability, according to a new survey.
There are many lawmakers who made their names in healthcare, seeking to usher through historic changes to a broken system. John McCain was not one of them.
Despite many non-professional investors not understanding“ the key differences between broker-dealers and investment advisers,” SEC Chairman Jay Clayton is continuing to take suggestions from the public regarding the obligations these two models owe to those depending on their expertise. To provide better clarity for retail investors confused about…
President Trump thinks the market would ‘crash’ if he were impeached by Congress, but Wall Street says that worst-case fear is overblown.
SAN FRANCISCO— Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter. Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened. Mr. Roberts, 28, has a lot of company.
After red-state Democrats on the Senate Banking Committee voted earlier this year to overhaul the landmark 2010 Dodd-Frank financial-regulation law, consumer-finance champion Sen. Heidi Heitkamp of North Dakota, Jon Tester of Montana, and Joe Donnelly of Indiana all backed the legislation rolling back capital requirements for small and regional banks,…
Recently, my firm replaced all of our short-term bond exchange-traded funds with U.S. Treasury bills. The core motive for this decision was not to pick up a few points of extra yield, though that’ s a nice bonus. On the other hand, stocks of large companies and U.S. Treasury bills are incredibly liquid.
An investing pro offers three of his best ideas on ways to play bond exchange traded funds in a rising interest rate environment.
The stock market continued its overall advance the past month, with small-cap funds maintaining their grip on most of the top spots.
It’ s something that most people need but a topic that no one wants to discuss, leading to many misconceptions. To help you make sense of it all, here are five common myths debunked– just in time for National Life Insurance Awareness Month in September:. I’ m single; I don’ t need life insurance. Most people think life insurance is more necessary for married people than for…
Missouri legislators inadvertently passed a law that would outlaw the Certified Financial Planner credential.
Premium assistance programs have a history of alleged abuse by providers who overstep their boundaries when it comes to patients’ coverage. Now OIG says that abuse occurred to the tune of over $400 million in just one year due to inaccurate CMS processes.
Trinity Tran is a powerful speaker. Addressing a rally in downtown Los Angeles for New York congressional nominee Alexandria Ocasio-Cortez, the 33-year-old activist and organizer thundered, “We are witnessing the emergence of a solution, from profit and greed to collective prosperity.
But Collins’s status as a member of Congress sets it apart and raises new questions about the propriety of lawmakers both serving on public boards and trading stock. Collins was tipped to the drug trial’s failure because he served on the board of the company— a small Australian biotech firm called Innate Immunotherapeutics— a position that ethics experts…
The New York Times recently offered an Op-Ed piece that takes aim at President Donald Trump to a degree, as well as the GOP, for trumping up the unemployment rate while de-emphasizing the wage story. The partial blame they lay on Trump is his aggravation of the oil story, even as they mention“ events” in the Middle East, Russia and Venezuela as an angle to higher oil.
State insurance officials say Nevadans who get health coverage through the online insurance marketplace are only expected to see a slight increase in rates next year _ relief after years of double-digit increases. Nevada insurance officials said the average increase for premiums in Nevada is expected to be 1.9 percent in 2019. That’s the lowest proposed rate increase since the Affordable Care Act took effect in 2014.
The advisor defrauded some 60 victims by using their money to pay off earlier investors, fund his own speculative trading and pay his personal expenses, the SEC claims.
It’s 11 p.m. on a Saturday on U Street in Washington, and music is blaring from the glittery bars and clubs. A third of pedestrians killed in crashes in 2016 were over the legal alcohol limit for drivers, according to the National Highway Traffic Safety Administration. “Those numbers are pretty shocking,” said Jonathan Adkins, executive director of the Governors…
Repairs to the properties— covered under the National Flood Insurance Program, which provides low-cost flood insurance to a quarter-million New Jersey property owners— cost a total of about $700 million, according to new data published last month. About 70 percent of the New Jersey properties have been repaired five or more times, with the median payment for…
By allowing the federal government to negotiate with drug makers, Medicare and its beneficiaries could save an estimated $2.8 billion in a single year for the top 20 most commonly prescribed medicines, according to a new analysis by Democrats on the Senate Homeland Security and Governmental Affairs Committee. In crunching the numbers, the committee staff…
The firm filed a motion arguing one of its ex-brokers did not challenge the proceedings until after the panel ruled against her.
Several of Minnesota’s top congressional candidates have expressed reluctance to back Medicare for All. In the suburban seats, 2016 nominee Angie Craig in MN-02 and gelato tycoon Dean Phillips in MN-03, have stopped short of backing the proposal. ” Rick Nolan, “Medicare for All hasn’t been a divisive issue: The four Democratic candidates in the August primary in…
The recurring theme: policymakers are in uncharted waters. Adding to the risk is the fact that the administration is looking at imposing another round of tariffs on $200 billion in Chinese goods.
President Trump criticized the Federal Reserve for a second time in as many days Friday, second-guessing the central bank for raising interest rates and hurting U.S. companies.
Daily on Healthcare: ACA insurers in California and Connecticut propose rate hikes.
At least one-third of House Democrats are formally pushing for the U.S. to adopt a government-funded healthcare system in which all residents of all ages would be covered under Medicare.
Sen. Ted Cruz (R) still intends to pursue an end to the Affordable Care Act, a stance that might…
The Trump administration’s freeze on risk adjustment payments isn’t likely to put a dent in the finances of some of…
SHANNON BREAM, FOX NEWS CHANNEL HOST: I think that’s the least of his problems. All right, Laura. Thank you very…
Model marketplaces can help advisors on multiple fronts, but only if they move on from the world of Excel…
Nearly a year and a half after Mr. Obama left office, his team is back in the arena, or at least in the bookstores, with a blitz of roughly two dozen memoirs of their time in the White House, telling tales, settling scores, justifying mistakes, selling nostalgia, setting the record straight, attacking successors and spinning history. Everyone who ever spent even a few…
Dow futures: With the market rally now looking stronger, which stocks and groups will lead? FANG+ stocks, software, retail and energy have a case. Is biotech back?
The 2018 battlegrounds are full of ‘pivot counties’ — those that voted ‘blue’ for Senate six years ago and ‘red’ for president four years later.
The SCOTUS battle would seem to be inherently favorable to Republicans given the makeup of the Senate map and that the party has more room to grow in voter enthusiasm. They include what the vulnerable Democratic senators do; how independents and previously unmotivated Republicans respond; and the vote’s timing.. Senate Republicans are hopeful the process…
BRUSSELS— NATO summit meetings were once ritualistic events, with the member nations assembling to proclaim that the alliance had never been stronger and pledging to work together on the security issues of the day. For the allies, that has meant figuring out how to handle President Trump, who arrives on Tuesday for this year’ s summit meeting having already sent…
Taking an active approach to managing fixed income investments, as opposed to relying on passively managed, index-based products, is gaining traction among both asset managers and financial advisors. That’ s the message from financial planner and former banker Holly Donaldson, who has written a book on the psychology of money, where she discusses“ behavior…
It looks like tradition and brand awareness can only take you so far. After 70 years of business, Toys“ R” Us is closing all of its U.S. stores. Toys may not be immediately relevant to financial advice, but there are a couple of extremely valuable takeaways for advisors from the iconic retailer’ s demise.
Employers will have a new way to control health insurance costs when final rules issued by the U.S. Department of Labor governing Association Health Plans go into effect starting this September. The change embodied by the new DOL rules also is seen as another body blow to the Affordable Care Act which the Trump Administration has sought to undermine…
America’s love for SUVs is killing pedestrians, and federal safety regulators have known for years.
Microsoft has recently revealed that it is set to approach the growing complexities across the healthcare industry through and advance its position with the appointment of two key figures to Microsoft Healthcare. Joshua Mandel will also become Chief Architect at Microsoft Healthcare. Weinstein will work alongside Peter Lee, Corporate Vice President for…
A report released today by the Union of Concerned Scientists says that, of all the coastal states in the lower 48, Florida has the most existing homes at risk of eventually experiencing chronic flooding caused by rising sea levels. That flooding, the researchers warn, could make those residential properties no longer practical to inhabit, much less insure, rent…
Text alerts. Spotify playlists. Streaming live sports. None of these are dangerous pursuits – until drivers interact with them while motoring down the road.
This potentially deadly technological mix has lawmakers across the U.S. passing new restrictions on smartphone use.
Brian McIntyre, who worked in the self-regulator’ s New York office, said FINRA mostly sought to terminate older workers in a September wave of firings after the agency lost a regulatory contract with the New York Stock Exchange in 2016. FINRA, which primarily oversees licensed broker-dealers, hired younger employees to fill the positions, McIntyre claimed in…
Employees who say they are not financially fit may be more prone to making poor retirement planning choices. But employers have the opportunity to step in and make a difference, experts say.
Ross McLellan, 47, of Hingham was found guilty of one count of conspiring to commit securities fraud and wire fraud, two counts of securities fraud, and two counts of wire fraud, according to the US Attorney’ s office in Boston. McLellan was a former executive vice president at State Street Bank& Trust, where he served as the global head of the bank’ s Portfolio…
For three years in a row, American adults have the same top financial regret. A May 2018 survey from Bankrate looks at the top financial regrets among Americans and how they deal with those financial regrets. By looking at the most common regrets, we know where we can best focus our future efforts on our investments, bank accounts, and beyond.
June 21– A major insurer that has studied flood disasters worldwide says Houston has to act boldly to be ready for the next storm. The report, ” Houston and Hurricane Harvey: A Call to Action,” finds Houston’s geography, regulatory environment, rapid growth and development, and overlapping government jurisdictions each played a role in the disaster.
Despite proposed double-digit premium hikes for ACA plans in 2019, one insurer is taking a deeper dive into the marketplace and expanding its footprint to several more states.
New Hampshire authorities say a 76-year-old Maine man has been sentenced to 48 months in prison for operating a multi-million dollar investment fraud scheme. William Bischoff defrauded more than two dozen clients of his financial advisory business from 2009 until 2017. The York resident pleaded guilty in March to a wire fraud count and another count of failing to file federal tax returns. He stole $5.6 million from the defrauded investors.
Clients have been hearing about the impending retirement“ crisis” for so long that many are ignoring the other side of the coin, the risk of running out of retirement funds due to unexpected longevity. Primary among the various“ longevity risks” is the potentially astronomical cost of long-term care. Just how deep the problem runs is explored in a recent survey of…
