If you have a nondeductible IRA, you can convert it into a Roth IRA and enjoy the Roth’s advantages, including tax-free withdrawals and no required minimum distributions (RMDs) during your lifetime. However, the rules you’ll need to follow will depend on whether you have only nondeductible IRAs or both nondeductible and deductible IRAs. This article
Month: June 2022
What should we make of the fact that America’s TV channels all carried the live jubilee festivities of an elderly monarch but will part ways on this week’s hearings into an assault on US democracy? The light-hearted take is that the British crown is above politics, including in America. The darker interpretation is that the
To many seasoned observers of monetary policy, the following two statements are contradictory. The eurozone faces a considerable threat of recession later this year. Even so, the European Central Bank should withdraw monetary support from the eurozone economy and raise interest rates. For years it has been the correct response for European central bankers to
In this article NDAQ ICE CME SCHW HOOD Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Monday, Dec. 9, 2013. Andrew Harrer | Bloomberg | Getty Images We are live on Wednesday at Piper Sandler’s
Three former Chase branch-based financial advisors won a full rejection of the company’s FINRA arbitration claim seeking more than $3 million several years after they left the firm. J.P. Morgan Securities’ allegations that Barry A. Krumwiede, Bryan L. Schneider and Christopher J. Bowman breached their employment agreements by soliciting the firm’s clients were “denied in
At long last, Novavax (NVAX) may be close to getting its EUA. As the company announced late Tuesday, the U.S. Food and Drug Administration (FDA) Vaccines and Related Biological Products Advisory Committee (VRBPAC) just voted 21-0 (with one abstention) to recommend that the FDA grant Novavax’s “Nuvaxovid” coronavirus vaccine (aka NVX-CoV2373) Emergency Use Authorization (EUA)
In this article HAS ROKU WDC MRNA THO CPB Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer’s shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised
An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In the study entitled “Digital Currencies and Energy Consumption,” the IMF examined the energy consumption of crypto assets based on their distinct design elements to evaluate the ideal mechanism for developing central
Homes are built with hundreds or thousands of different products. Those products move through the supply chain in several ways and then they have to arrive to the job site. This all requires numerous modes of transportation at a time when transportation costs are rising exponentially. Since January 2020, long distance truck transportation has gone
John Riccitiello, CEO of Unity, one of the leading real-time 3D engine providers, has predicted that the internet will become part of the metaverse in the next several years. The executive predicted that most websites will become metaverse destinations and that this change will be mostly completed by the year 2030. However, legacy sites will
Adult children wanting to keep aging loved ones safe often suggest that their elders wear a personal emergency device. (personal emergency response system or PERS). With the push of a button, the elder summons emergency help. Despite that fact that a lot of elders have them but won’t wear them, they are important for those
Municipals again saw a stronger short end of the yield curve and some pressure out long in light trading Tuesday as U.S. Treasuries were better and equities ended in the black. Triple-A benchmarks were bumped up to three basis points five years and in and cut up to two basis points on the long end,
Key Insights Silver prices edged higher. Treasury yields reversed course. The dollar moved lower buoying gold and the precious metals complex. Silver prices moved higher above short-term resistance. Gold price rose, buoying the entire precious metal complex. Imports continued to decline while exports rose according to the latest Trade Deficit report from the Commerce Department. Benchmark yields
It’s important for central bankers to sound hawkish, even if their actual policy moves are extremely… by Ryan McMaken of Mises Institute The Bank of Canada on Wednesday increased its policy interest rate (known as the overnight target rate) from 1.0 percent to 1.5 percent. This was the second fifty–basis point increase since April and is the
If you participate in a 401(k) plan at work, your employer is required to provide you with a summary annual report (SAR) each year. While perhaps not the most exciting reading, it contains important information about your plan and its financial condition. This article explains what to look for in the report. Key Takeaways If
The writer is a former chief of MI6 The west has two goals in the war in Ukraine: to uphold Ukrainian sovereignty and to deter Russia from any similar assaults on European countries in the future. However, the fighting in the Donbas region is ugly and it is tempting to support any move that would
Bridgewater is betting on a sell-off in corporate bonds this year as the world’s largest hedge fund takes a gloomy view on the trajectory of the global economy. The wager against US and European corporate debt underscored Bridgewater’s view that weakness across financial markets will not be shortlived. “We’re approaching a slowdown” — Greg Jensen,
With ESG increasingly maligned these days from both the inside and the outside, some of the industry’s early devotees say it’s time for a course correction. Jerome Dodson, the retired founder of one of the world’s largest ESG-focused investing firms, said a dedicated watchdog is needed to help police marketing claims. Marcela Pinilla, who’s worked
As investors dumped stocks that produced great returns amid the pandemic, shares of several high-growth companies lost considerable value. Furthermore, the U.S. Fed’s aggressive policy to curb inflation, an elevated cost environment, supply-chain disruptions, and an uncertain economic trajectory all contributed to a further decline in the growth stocks. While the steep correction in high-growth
Sharing is Caring! by newaccttrial I’m a democrat and I believe in some gun control. I respect views of others. Don’t want to debate for now. But honestly if I ran a MSM outlet I’d actually do a series of specials on what’s going on in inner cities. It’s gotten better since the 1990s but
New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months. If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no
Father’s Day is almost here and if you haven’t ordered a gift for dad yet, it’s time to do it. If you’re unsure of what to buy him and he already has enough ties and shirts, you can’t go wrong with a gift for the home. Whether he’s into art, cooking, cleaning, or just everyday
Nobel Prize-winning economist Paul Krugman has compared the current state of cryptocurrency to the housing bubble and the subprime mortgage crisis. Noting that crypto lacks any real value, he said: “it is a house built not on sand, but on nothing at all.” Paul Krugman on Crypto, Housing Bubble, and Subprime Mortgage Crash Nobel laureate
Following a series of bearish trends, this past week saw Bitcoin and the broader cryptocurrency market demonstrate a significant trend reversal by gaining 8% in a short period. After Bitcoin’s decoupling from U.S. equities, the king coin has been attempting to catch up with this relief bounce. Although bitcoin has had a week of volatility,
Topline Despite the stock market taking a hit in recent months from growing recession fears, some experts still remain cautiously optimistic about the economy’s prospects, predicting that a downturn can be avoided if inflation continues to moderate and consumer spending remains resilient. Key Facts Investors have been facing recession warnings ever since the U.S. economy
The increase in funding to California schools from the state’s $97.5 billion surplus has helped earn Sacramento City Unified School District a revised Fitch Ratings outlook to stable from negative. The amount of money dedicated to schools in Gov. Gavin Newsom’s most recent budget proposal changed the dynamic for the Sacramento district, said Graham Schnaars,
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold prices are higher and near the session high in midday U.S. trading Tuesday. The bulls are doing some perceived bargain
It’s extraordinary how some of the most prominent ‘experts’ have been so wrong, and yet they are all… by Simon Black of Sovereign Man I arrived back to Mexico a few days ago, because, the big news in my life is that my wife and I are expecting our second child. It’s a boy. And
Dow Jones, or more precisely, Dow Jones & Company, is one of the world’s largest business and financial news companies. Charles Dow, Edward Jones, and Charles Bergstresser formed the company in the 19th century. Besides the famous Dow Jones Industrial Average, the company also created various other market averages. Key Takeaways Dow Jones & Company
Credit Suisse pushed for NSO Group to keep selling its Pegasus spyware to new customers, just weeks after the US blacklisted the Israeli cyberweapon manufacturer saying authoritarian regimes had used its hacking tool to silence dissent. The request was made in a December letter by lawyers representing the Swiss bank and some of its fellow
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