The Social Security Office in Alhambra, California. Mario Anzuoni | Reuters As Washington and Beijing face off on tariffs, there could be one unseen group affected: retirees. The Senior Citizens League, a nonpartisan group advocating for seniors, on Tuesday released its latest report on the buying power of Social Security benefits. The group also projected
Month: May 2019
Public pensions,at risk, need your help. Getty A network of financial advisers capable of responding to growing concerns of workers participating in our nation’s largely underfunded public pensions is needed—immediately. With nearly 80 million Baby Boomers retired, or on the verge of retiring, news that the overwhelming majority of this population is unprepared financially for
Chuck DeVore on Fox News Discussing the Proposed Tax Hikes on May 10, 2019 Fox News broadcast, May 10, 2019 Trying to stand out in a crowded field, Democratic candidates for president have so far proposed nine separate tax increase ideas totaling more than $10 trillion. We can break them down into three basic groups.
New studies show that homeownership is becoming increasingly more difficult for many American teachers. photo credit: Getty Getty Teachers are having a hard time becoming homeowners. According to two new studies, average teaching incomes coupled with rising home prices are putting the American Dream out of reach for many of our country’s educators. Recent data
The global movie industry descends upon the French Riviera this week for the 72nd Cannes Film Festival, one of the most prestigious events in the business. But for the second year in a row, U.S. streaming giant Netflix won’t be there. The red carpet is rolled out prior to the opening ceremony of the 72nd
Copies of ‘Grand Theft Auto V’ on display for sale at a GameStop store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Take-Two Interactive Software reported lower-than-expected quarterly revenue and forecast first-quarter sales below analysts’ expectations, as it faces intense competition from free-to-play “battle royale” games “Fortnite” and “PUBG.” Shares of the company
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. equity futures opened lower Monday evening as traders weighed the details of an ongoing trade war between the United States and China. As of 6:10 p.m. ET Monday, Dow Jones Industrial Average futures were down
Mike Wilson, Chief U.S. Equity Strategist and Chief Investment Officer at Morgan Stanley. Adam Jeffery | CNBC The U.S. economy could fall into a recession if the country’s trade war keeps escalating, Morgan Stanley’s Michael Wilson said Monday. Wilson, the bank’s chief U.S. equity strategist, told clients in a note that higher U.S. tariffs on
rear view of puzzled man scratching his head against concrete wall filled with question marks Getty I’ve written before that media coverage of retirement issues often, well, stinks. There’s too many click-seeking headlines and not enough deep dives into what’s really going on with retirement savings (which is surprisingly positive). Too many reporters run single-source
Taxpayers in big cities have a heavier debt burden than they know. Getty American taxpayers have a much heavier debt burden than they are aware of. How and when municipalities publish their financial accounts varies greatly throughout the United States. A significant number of U.S. municipalities do not publish all the liabilities that their residents have
“The best model for estate agencies nowadays is an integration of online and the high-street.” Mark Bowden / 123rf When online estate agencies appeared on the property scene around a decade ago, many thought the industry was about to change for good. Promising cut-rate commission and unbeatable speed, the online-only model certainly seemed promising. But
Monday’s market sell-off was inspired by the escalating trade war with China coupled with Friday’s Uber IPO fiasco, CNBC’s Jim Cramer said. “Whenever there’s a huge, highly visible initial public offering that implodes, it discredits the entire asset class,” the “Mad Money” host said. “That’s exactly what happened after the failed Facebook IPO in 2012.
President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. Kevin Lemarque | CNBC The United States kicked off the necessary process before Washington can impose tariffs
Owner of the New England Patriots Robert Kraft walks on the field prior to the game against the New Orleans Saints at the Mercedes-Benz Superdome on September 17, 2017 in New Orleans, Louisiana. Chris Graythen | Getty Images Sport | Getty Images A Florida judge on Monday handed New England Patriots owner Robert Kraft a
Getty Images With the stock market roiling amid a wave of new barbs between Washington and Beijing, investors are scrambling to figure out where to put money in times of volatility. History shows gold and bonds outperform when fear spreads on Wall Street. Many on traders and investors believe the selling isn’t over yet. Traders
Two years ago, the Securities Industry and Financial Markets Association conducted a cybersecurity simulation that mimicked a real attack. The test included the participation of more than 50 financial firms, as well as government regulators and SIFMA itself. Now, the industry trade group is preparing for the latest iteration of its test — dubbed Quantum
Your 30s are all about balance. Your career is starting to take off. You’re earning more, but then your expenses are likely be higher. You may be buying a house and starting a family, and neither of those is a cheap undertaking. You need to balance income against expenses, and you need to start adjusting
Howard Adler Kurt S. Adler In the escalating trade war between the U.S. and China, who pays? In a word, my family does. We are leading importers of Christmas decorations and have been in business since 1946. President Donald Trump‘s imposition of a 10% tariff last September on many categories of products we offer has
Layton, Florida, United States – August 14, 2018: View of the United States Post Office sign by the Overseas Highway in Layton, Florida Keys – United States Getty Here’s the background: In the context of the Bernie Sanders/Alexandria Ocasio-Cortez proposal for a cap on interest rates of 15% that garnered attention over the weekend, that
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) on Friday, May 10, 2019. Photographer: Michael Nagle/Bloomberg © 2019 Bloomberg Finance LP After arguing for years that its drivers were not employees, the ride-share company Uber announced
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