The role of a financial advisor is very broad. In general, their job is to guide their clients through the confusing and sometimes overwhelming landscape of investing, tax, estate, and financial management. Ultimately, a financial advisor’s goal is to help each of their clients secure enough money to spend during their lifetime, and, in some
Investing
Walmart has agreed to sell a majority stake in its Japan supermarket chain Seiyu in the latest move by the world’s biggest retailer to reshape its footprint outside the US. Private equity group KKR will acquire 65 per cent and Japanese ecommerce company Rakuten will buy 20 per cent of Seiyu, one of Japan’s largest
This week’s problem I am a mature student studying English and considering a career in journalism. After some research I discovered that one can develop a career working on the business side. I had not previously given much thought to news outlets having chief executives and chief operating officers. But where would a graduate even
Nikola Corp. (NKLA), which designs and plans to manufacture hydrogen-electric trucks, first became a publicly traded company earlier this year. Its shares more than doubled within days of completing a reverse merger in early March with VectoIQ Acquisition Corp., which was listed as VTIQ on the Nasdaq prior to the deal. Its stock price has
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images The Democrats have gained control of the White House, and Wall Street appears to be on board. Although President-elect Biden will have to grapple with the ongoing coronavirus
Peru was plunged into political chaos on Sunday as interim leader Manuel Merino resigned after just five days in office, following big nationwide demonstrations and a police crackdown which killed at least two people and injured more than 100. Mr Merino announced his departure only minutes after Luis Valdez, the head of congress, said politicians
US consumers are paying down their credit cards as the pandemic crimps spending opportunities, leaving banks fretting over their profits. Total card loans stood at $755bn in the last week of October, according to the Federal Reserve — $100bn lower than when the pandemic took hold. The head of Donald Trump’s flagship vaccine project has
Gold vs. Platinum Amex Card: An Overview Let’s face it, there’s a secret pleasure attached to American Express “precious metal” cards, whether Gold or Platinum. Whether it’s from decades of tv brand advertising or simply because you know your boss carries one, you have decided to join the club because membership has its privileges. You
Chile’s celebrated $200bn private pensions system has served as a model for dozens of emerging markets since it was introduced in the 1980s. Now, it faces an existential crisis as public support for the model fades and populist politicians allow savers to withdraw funds during the coronavirus crisis. The lower house of congress voted to
The writer is co-founder and director of the European Council on Foreign Relations The geopolitical grouping known as the “frugal four” — Austria, Denmark, Sweden and the Netherlands — has emerged as a key power centre in this year’s negotiations on the size of the next EU budget and the shape of the bloc’s recovery
Low interest rates are normally a good thing for consumers. When borrowing costs are low, it puts more money back into people’s pockets. People generally have higher disposable income, allowing them to make larger purchases and buy things they normally otherwise wouldn’t like a new car or furniture. Even taking a nice vacation becomes much
Donald Trump saluted and encouraged several thousand supporters who marched in the streets of Washington to back the president’s refusal to accept his defeat to Joe Biden in this month’s election. The protesters, which included members of far-right white supremacist groups, filled sections of the US capital on a sun-drenched day with chants of “four
Vulture funds are racing to buy bonds of troubled Chinese state-owned enterprises, after a sharp sell-off sparked by a large coal mining group’s default on a Rmb1bn ($156m) debt issue. Yongcheng Coal & Electricity, a coal miner in central Henan province, one of China’s most populous provinces with more than 95m people, defaulted on Friday.
Investors leaned into the final trading day of the week with some energetic buying across sectors, driving the DJIA and S&P 500 up nearly 1.4% and the Nasdaq higher by 1%. We haven’t seen all three sectors rise together since Monday when good vaccine news lit up the market. The rally intensified into the close,
Austria’s government has ordered one of the strictest lockdowns in Europe, with chancellor Sebastian Kurz telling the public to “meet nobody” as the country battles a surge in coronavirus infections. “One contact is one contact too many,” Mr Kurz said on Saturday, as he unveiled a raft of restrictive measures that will put much of
Traders work the floor of the New York Stock Exchange. NYSE Company: F5 Networks, Inc. (FFIV) Business: F5 is a leading provider of multi-cloud application services that allow its customers to develop, deploy, operate, secure and govern applications in any architecture, from on-premises to public cloud. the Company’s Traffic Management Operating System (TMOS) based offerings
From the start, Dominic Cummings courted the image of the power behind the throne. When Boris Johnson walked into 10 Downing Street for the first time as UK prime minister, his top adviser positioned himself in a corner but in shot of the news cameras. His grey T-shirt amid the civil servants’ dark suits conveyed his
When most people think about government help with retirement, they think about Social Security and Medicare. Since nine out of 10 retirees receive Social Security benefits and virtually all retired Americans age 65 or older are enrolled in Medicare, this is not surprising. Other government programs are also available, but many older citizens do not
Christmas is coming early this year for students at Indiana University in the US, who will be tested for coronavirus, go home for the Thanksgiving holiday and then not return to campus until the start of 2021. In-person teaching will end and any students who test positive will be kept at university to avoid them
The sale of new petrol and diesel cars will be banned within a decade, Boris Johnson is set to announce next week as part of a broader package of green initiatives. In February, Mr Johnson announced that the existing ban on selling new petrol or diesel cars would be brought forward from 2040 to 2035.
“Quantitative easing” refers to steps that the U.S. Federal Reserve takes in attempting to boost the country’s lagging economy. Historically, the Fed’s main tool for spurring growth has been lowering short-term rates. However, QE employs expansionary monetary policy, which involves the purchasing of bonds when the interest rate can no longer be lowered. In September
The US tallied a record 170,000 coronavirus cases on Friday as the pandemic accelerates in almost all regions of the country, prompting officials to warn of a fresh strain on the healthcare system and weigh new restrictions to contain the spread of the disease. President Donald Trump, who has been largely silent on the pandemic
For almost a week, the world has waited for Donald Trump to acknowledge the results of the November 3 election and his rival Joe Biden’s victory. On Friday, the sitting president came closest yet. Speaking at an event in the White House Rose Garden, Mr Trump appeared to recognise that a different administration would be
CNBC’s Jim Cramer said Friday that investors should feel more confident that an orderly transition of power from President Donald Trump to President-elect Joe Biden should occur — suggesting a “black swan” event of Trump refusing to leave the White House, despite losing a democratic election, appears unlikely. Cramer pointed to a number of developments
Standing on a table in a nondescript tower block overlooking the river Thames, Dominic Cummings punched a hole in the ceiling as he yelled at Vote Leave activists: “We’re taking back control.” It was the early hours of June 24 2016 and the TV networks had just declared a majority in the Brexit referendum had voted
President Trump has moved from alleged mail-in-ballot fraud to blaming tech for his defeat in the US election, specifically the software of Dominion Voting Systems. The company, internationally headquartered in Canada, helped government officials in key states to organise and keep track of election results. The president’s tweets, which include claims that Dominion’s software deleted
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images This week, investors shifted money away from high-flying tech stocks, and into beaten-down groups like energy, industrials and real estate. These sectors, which are more sensitive
China has formally congratulated Joe Biden on his election victory, almost a week after many of Washington’s allies and Taiwan acknowledged the Democrat as the winner of the US presidential contest. Mr Biden has been congratulated by multiple European governments and allies, as well as Taiwan, the self-ruled island claimed by Beijing, even though President
Nile Rodgers, 68, is the co-founder of Chic, whose hits include “Le Freak” and “Good Times”. Records he has written, produced or performed on have sold an estimated 500 million copies worldwide. His many awards include three Grammys. What was your childhood or earliest ambition? A chair in a symphony orchestra was a big desire. Private
Extinction Rebellion environmental activists protest around Bank Junction in the financial district on the 7th day of their ‘October Rising’ campaign on October 14, 2019 in London, England. Ollie Millington | Getty Images The Federal Reserve is going green, and that could mean a substantial change for the way financial institutions have to prepare for