The key to a successful retirement consists of two components: does one have enough money to sleep at night; and does one have a reason to get up in the morning.
Read More »Affordable housing likely to become a more attractive investment
Proposed legislation, a late-2020 law change and a possible bump in the corporate tax rate all should turn out to be beneficial for the affordable housing industry as objectives of the Biden administration play out. When the federal corporate tax rate ...
Read More »State AG wants Kodak boss to testify about stock buy
New York state Attorney General Letitia James on Tuesday petitioned the court to force Eastman Kodak Co. CEO Jim Continenza to publicly testify about his stock purchase last year ahead of the federal government’s announcement that Kodak was in line to receive ...
Read More »Madoff clients fighting for fortunes get help – from the con man
Dozens of Bernard Madoff’s early investors are getting help from an unlikely source in a fight to keep their profits: the con man himself. From his federal lockup in Butner, North Carolina, Madoff said at a recent deposition he was ...
Read More »Hoping to beat the market, investors try a new breed of index funds
Don’t try to beat the market. The adage got pounded for years into investors, and many began to live by it. After seeing so many investments fail to keep up with the Standard & Poor’s 500 index, investors put their ...
Tagged with: investing
Read More »SEC opens door to startup investing for all
A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors. The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to ...
Read More »US stocks slip on earnings, slow growth
NEW YORK — Stocks are slightly lower in afternoon trading after the U.S. said economic growth slowed more than expected in the summer. Earnings reports came in mixed, with companies including Buffalo Wild Wings and camera maker GoPro plunging after ...
Read More »As Fed meets, decision on rate hike seems like toss-up
Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don’t. ...
Tagged with: Federal Reserve
Read More »In a slow-growth world, technology stocks are trending again
NEW YORK — Technology stocks are trending big-time as investors latch on to innovative companies racing ahead in a slow-growth world. The tech-heavy Nasdaq is the best performing major U.S. stock index this year, gaining 6 percent as the Standard ...
Read More »Workers buying businesses from boomer bosses
NEW YORK — As retiring baby boomers look to sell the small businesses they have run for years, top employees are often becoming the boss. The new owners are likely to be general managers, chief operating officers or foremen who ...
Read More »9 charged with making $100M using hacked press releases
NEWARK, N.J. — An international web of hackers and traders was charged by U.S. authorities Tuesday with making $100 million by breaking into the computers of business newswire services, reading corporate press releases before they came out, and then ...
Tagged with: hacking Wall Street
Read More »Why global turmoil hasn’t sunk US markets, yet
NEW YORK — Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war ...
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