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Affordable housing likely to become a more attractive investment

John Bohrer-Yardley

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 ...

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State AG wants Kodak boss to testify about stock buy

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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 ...

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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 ...

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SEC opens door to startup investing for all

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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 ...

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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 ...

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As Fed meets, decision on rate hike seems like toss-up

A Chinese investor monitors stock prices at a brokerage house in Beijing on Tuesday. World stock markets were lower after China's benchmark suffered a late session sell-off and the Bank of Japan kept its monetary policy unchanged ahead of a much anticipated U.S. Federal Reserve decision later this week on whether to raise interest rates. Credit: AP Images

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. ...

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In a slow-growth world, technology stocks are trending again

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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 ...

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Workers buying businesses from boomer bosses

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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 ...

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9 charged with making $100M using hacked press releases

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  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 ...

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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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Global tensions can’t dent enthusiasm for stocks

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A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank’s finances look shaky. And the U.S. stock market’s response? After dipping briefly on the bad news, it climbs higher. ...

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