Getty In 2015 and again in 2018, I wrote about the Social Security Administration (SSA) defrauding, whether intentionally or not, large numbers of widows and widowers (henceforth widows) out of tens to hundreds of thousands of dollars. The fraud was brought to my attention by a Social Security whistle blower — John McAdams. John works
Month: December 2019
The Obamas closed the deal on the 29-acre estate in Martha’s Vineyard. LANDVEST Barack and Michelle Obama, the former U.S. president and first lady, bought a seven-bedroom home on Martha’s Vineyard the week before Thanksgiving at a 21% discount off the listing price, according to the deed filed at the county’s registry office on Dec.
A melting supervisor monitors a bucket of molten steel at the Nucor Steel plant in Huger, S.C., April 17, 2017. Stephen B. Morton | The New York Times The steel industry has a massive carbon footprint, as much as 6% to 7% of the world’s greenhouse gas emissions, according to a Rocky Mountain Institute study.
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute. After all, when the economic expansion surpasses a decade to
A pedestrian walks past a stock indicator displaying numbers of the Tokyo Stock Exchange and the world’s major markets in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) U.S. equities have been
College is a significant investment that comes with the hope of a better, richer life. It doesn’t always work out that way. Some experts say the value of a bachelor’s degree is fading. Starting salaries for new college graduates have grown less than 1% over the past two years, remaining at around $50,000. Worse yet:
Getty The American Writer Isaac Asimov once said, “Life is pleasant. Death is peaceful. It’s the transition that’s troublesome.” It may come as a surprise to many that one of the most anxiety-filled transitions in life is going from a full time work career to full on retirement. Let’s explore why this is and how
The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the
A scientist works in a lab at Biogen in Cambridge, MA on Nov. 5, 2016. Suzanne Kreiter | Boston Globe | Getty Images Biogen pleased shareholders this week after it presented more data on its late-stage Alzheimer’s drug, aducanumab. Shares of the biotech firm closed up 3.41% on Thursday as analysts pointed to a lack of
U.S. President Donald Trump, with Speaker Nancy Pelosi and Vice President Mike Pence looking on, delivers the State of the Union address in the chamber of the U.S. House of Representatives at the U.S. Capitol Building on February 5, 2019 in Washington, DC. Doug Mills | Getty Images Citi is boosting its stock forecast for
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Astronomical auction prices may have defined the art market in recent years, but new research shows that over the long-term the value of art has steadily climbed, delivering returns relatively in-line with
Hero Images | Getty Images Add to your end-of-year to-do list: check your health flexible spending account. These accounts help you save money on some health-care costs, because you pay for them with pretax dollars, yet not everyone uses them. According to the Bureau of Labor Statistics, 39% of workers in 2015 had access to
Man with a metal detector on a sea sandy beach Getty Let’s dive straight into a trap I’ve seen many investors make in the past. And falling into this pitfall again today could cost you a 7.7% dividend in 2020, and considerable upside, too. It involves China’s stock market, which gives all indications of being
Getty Public and private organizations often implement labor-intensive policies and procedures to govern interactions between related parties. These compliance requirements frequently sacrifice administrability in favor of precision. Let’s say that the finance director of a U.S.-based multinational’s foreign distributor needs to lower the transfer prices on its intercompany inventory imports. The local currency has declined
GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT – General Motors’ $2.3 billion joint venture with LG Chem for production of battery cells for electric
Slack Technologies Inc. CEO Stewart Butterfield stands on the trading floor during the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Slack shares rose about 2% in extended trading on Wednesday after the developer of the popular work messaging app reported better-than-expected quarterly
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street veteran Karen Firestone knows all too well that stock picking isn’t as easy as it used to be, but her decades of experience is serving her well. Firestone runs a
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter.
RubberBall Productions | Brand X Pictures | Getty Images At 2 a.m. on Oct. 17, Helen Ramos tried to wake up her son, Michael Bowen. Something about the 37-year-old looked strange. Ramos, 65, uses a wheelchair, and running errands can be a struggle. The day before, Bowen had gone grocery shopping for her. Later, Ramos
Patients wait at the dispensary window for medications at the Esperanza Health Center in … [+] Philadelphia, PA. (DOMINICK REUTER/AFP via Getty Images) AFP via Getty Images Timed to show that they are not just about impeaching President Trump, House Democrats released a far-reaching plan to redesign the Medicare drug benefit. But the measure, which
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