Are you paying your financial adviser in the right way? Getty Images/iStockphoto Question: What is an appropriate wealth management rate? I’d have assets under management of $10 million, and I’m assum...
Tag: Political
The IRS audited ex-FBI director James Comey and former deputy Andrew McCabe. What are the odds?
In recent years, the Internal Revenue Service has been processing around 150 million to over 160 million tax returns annually, doing the work with a shrinking staff and an inflation-adjusted budget th...
Vanguard to Pay Massachusetts Investors Millions Over Target-Date Fund Tax Hit
Vanguard will pay $6.25 million as part of settlement with Massachusetts’ state securities regulator over allegations that changes it made to certain target-date funds stuck investors with unexpectedl...
Buffett Bought More of Occidental. Here’s What Happened With HP, Citi, Coke.
Text size Warren Buffett has losses as well as wins on his record of stock picking. AFP via Getty Images Billionaire investor Warren Buffett disclosed that he has increased his stake in Occidental Pet...
Merck Is Now in Advanced Talks to Buy Cancer Biotech Seagen for $40 Billion
Text size New Jersey-based Merck has a market value of more than $234 billion. Michael Vi/Dreamstime Merck & Co is in advanced talks to buy Seagen in a deal that could value the cancer biotech at...
Merck Is in Advanced Talks to Buy Seagen for Roughly $40 Billion or More
Merck & Co. is in advanced talks to acquire Seagen and is aiming to agree on a purchase of the cancer biotech in the next few weeks, according to people familiar with the matter, in a deal that co...
The DOL has a new IRA rollover rule for advisers to follow
IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some expl...
Johnson’s Political Woes Inadvertently Set Back U.K. Crypto Regulation
Key Takeaways U.K. Ministers Rishi Sunak and John Glen’s resignations in the last couple days are likely to slow down the nation’s efforts to turn itself into a crypto-friendly jurisdiction. Glen in p...
Watch out — this one mistake could cost you thousands when you rollover your 401(k) to an IRA
Here’s a pro tip that can hardly be said often enough. When you change jobs and you think about rolling over your old company’s 401(k) to an IRA…watch out for all the extra fees. “Thousands of dollars...
A prominent economist on how much inflation could be eating into your savings
What is inflation doing to your savings? Getty Images/iStockphoto Inflation stubbornly remains at a 40-year high, with the latest numbers showing that the U.S. inflation rate hit 8.6% in May, compared...
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty – Economics Bitcoin News
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of econo...
Borrowers are on edge—will Biden cancel student debt or not? Here’s what’s going on.
The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumo...
I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now
As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the Nat...
Car quality is slipping: These are the brands with the most and least complaints, study finds
New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winne...
Crude Oil Price Update – Supply Worries Driven by Political Unrest in Libya, Labor Problems in Norway
U.S. West Texas Intermediate crude oil futures jumped more than 2% on Friday. The new month and quarter began on an up note as political tensions in Libya and labor issues in Norway raised concerns ab...
Big Insider Buys of Oil and Solar Stocks Are Plays on Russia Sanctions
Text size Crude-oil storage tanks at a Plains All American Pipeline facility. Angus Mordant/Bloomberg Insiders have snapped up stock of two companies whose prospects have brightened due to Russia’s in...
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
WASHINGTON—The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average home prices are at an all-time high. Pre...
Gas prices edge down just in time for July Fourth travel — here’s why
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that will cost them more than la...
Will mortgage rates soon hit 7%? What economists and real estate pros say
Will mortgage rates rise? Getty Images/iStockphoto Mortgage rates have been on a steady climb upwards: While they started the year at around 3.5% for a 30-year fixed-rate mortgage, they’ve since climb...
Crypto Took Wall Street on a Wild Ride. Now It’s Ending in Tears.
Cory Klippsten is a big fan of Bitcoin. But his affinity for cryptocurrencies ends there. Klippsten, head of a company called Swan Bitcoin, sees a growing minefield of scams, fraud, and risky products...
China’s Slowdown Could Tamp Down Global Inflation
China’s slowdown may have a silver lining for the rest of the world: weaker inflation. Growth in the world’s second-largest economy has tumbled this year as Covid-19 outbreaks triggered mass lockdowns...
The 60-40 portfolio is supposed to protect investors from volatility: so why is it having such a bad year?
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied ...
Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns
Text size The Netflix logo on top of its office building in Hollywood. Chris Delmas/AFP via Getty Images It’s now been almost three months since Netflix shocked investors with a very ugly first-quarte...