The latest report from the U.S. Government Accountability Office (GAO) says 41% of 401(k) participants don’t believe they’re paying fees. This shouldn’t surprise anyone familiar with the retirement plan environment. “Employees are busy managing their day-to-day lives and don’t regularly review their 401(k) to be aware of 401(k) costs,” says Stuart Robertson, CEO of ShareBuilder
Municipals were little changed on light trading in the secondary again Wednesday as Illinois and Texas priced bonds in the primary and the Investment Company Institute reported another round of billion-dollar-plus inflows. The Investment Company Institute reported $1.325 billion of inflows for the week ending Sept. 8, following $1.804 billion of inflows the prior week,
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Thursday, Sep 16, 2021 Indian spot gold rate and silver price on Thursday, Sep 16, 2021 Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates
A great many essential components in America are on ‘indefinite back order’, including the lifestyle of endless globally sourced goodies at low, low prices… by Charles Hugh Smith via Of Two Minds A great many essential components in America are on ‘indefinite back order’, including the lifestyle of endless globally sourced goodies at low, low
L Brands Inc. (NYSE: LB) operated a specialty retail business focused on women’s intimate and other apparel, personal care, and beauty categories. Based in Ohio, the company was founded by Leslie “Les” Wexner in 1963. In 1982, L Brands, then known as The Limited Inc., was first listed on the New York Stock Exchange. Key
Acorns president David Hijirida Courtesy: Mo Osborne | Acorns Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned. The company is set to announce Wednesday that it named David Hijirida as president, according to
Taiwan and Japan have hailed the potential for a new security pact between Australia, the UK and US to offset an increasingly assertive China, even as France reacted with fury to Canberra’s cancellation of a $90bn submarine programme to agree the deal. The US allies said the new AUKUS partnership, under which Canberra will procure
Soaring gas prices have forced the closure of two fertiliser plants in the north of England in one of the first signs that a global supply crunch could force many energy-intensive industries to scale back activity this winter. New York-listed fertiliser group CF Industries Holdings is halting production at its plants in Billingham in Teesside and
When a billion-dollar practice wanted to leave Wells Fargo Advisors Financial Network, the firm’s custodian, First Clearing, suggested a Focus Financial Partners RIA that also uses its services. The M&A deal illustrates the trend toward succession-planning moves as advisors get older, as well as an unusual step taken by a giant custodian to avoid losing
Shares of Core & Main Inc. (CNM) rose marginally to close at $27.78 in extended trade on Wednesday after the company inked a deal to acquire all the assets of CES Industrial Piping Supply. The financial terms of the deal have been kept under wraps. Shares of the U.S.-based distributor of water, sewer and fire
In this article REGN MSFT LVS WYNN WEBR CNR-CA Check out the companies making headlines before the bell: Weber (WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public in August. Weber’s sales rose 19% from a year earlier, and the company projected full-year sales largely
Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments according to the data provided by one of the country’s oldest and largest exchanges. In its annual Investor Report, BTC Markets — which started
Elizabeth Sutton is one of today’s most popular contemporary artists. Her designs have been displayed everywhere from Bergdorf Goodman to Frette’s Madison Avenue flagship location, The Plaza Hotel, Saks Fifth Avenue in Brickell, Eden Rock in St. Barth, and even on Bravo’s Million Dollar Listing. You may have also seen her work in some unexpected
Determining the best way to ensure your financial security can seem overwhelming. For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a pension for retirement and James, 38, has some money in a 401(k) plan. For Michelle,
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small investors. Senator Elizabeth Warren Says ‘There’s a Whole List of Problems With Crypto’
The Ways and Means Committee released the first draft of a major tax bill this week. While it is mostly aimed at increasing taxes to pay for other social policies and government infrastructure initiatives, there are a number of provisions that would change retirement planning. You can see a summary by the Ways and Means Committee here. Most of
Chicago Mayor Lori Lightfoot tapped San Antonio, Texas, school superintendent Pedro Martinez — a former Chicago Public Schools fiscal chief — to lead the district as fiscal and governance change looms. Lightfoot introduced Martinez as the new chief executive officer at a news conference Wednesday. Martinez is the first Latino to hold the CEO position
Silver prices continue to trade under pressure, but the price action is consolidative. The dollar moved lower despite a stronger than expected empire manufacturing survey released for September. There is very little that will likely come out ahead of next week that will change the tune of the Federal Reserve, which appears to be on
The recent bout of selling in the US markets prompted traders and investors to rethink their longer-term strategies… by Chris Vermeulen of The Technical Traders The recent bout of selling in the US markets prompted traders/investors to rethink their longer-term strategies. But our interpretation of this rotation was consistent with moderate price rotation that we’ve
When analyzing the financial health and growth potential of a company, business owners and investors look to financial ratios that indicate how a company is funded and how effectively those dollars are being used. In ratio analysis, the debt to equity ratio is widely considered the best reflection of a company’s capital structure. Debt to
In this article GSBD David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. The all-stock deal for GreenSky, called the biggest fintech platform for home improvement loans in a release announcing the transaction, is
Laos has authorised the mining and trading of cryptocurrencies, in a policy shift by the debt-laden south-east Asian nation that positions it to profit from the crackdown on digital currency mining in China. Analysts said the move was a logical step for the landlocked, communist-ruled country of 7m, which produces a surplus of hydroelectric power,
The US has launched a new trilateral security partnership with the UK and Australia that will enable Canberra to build a fleet of nuclear-powered submarines, a move that will strengthen the allies’ ability to counter China. President Joe Biden announced the effort, which is designed to bolster alliances amid rising tensions with China over disputes
Farewell to backdoor Roth conversions, a mainstay of large retirement accounts and estate planning for the wealthy. And goodbye to half of a massive tax break for many entrepreneurs and their original investors. A plan by top Democrats to raise taxes on the wealthy and corporations would axe two of the most lucrative benefits in
General Electric (GE) is in the midst of a restructuring process, with a focus on reducing its debt load and pivoting the company toward a leaner and simpler business model. The industrial giant recently provided investors with an update on its outlook and GE skeptic J.P. Morgan’s Stephen Tusa has been sifting through the details.
Gamers play the video game ‘Star Wars Battlefront II’ developed by DICE, Criterion Games and Motive Studios and published by Electronics Arts on Sony PlayStation game consoles PS4 Pro during the ‘Paris Games Week’ on October 31, 2017 in Paris, France. Chesno Check out the companies making headlines after the bell: Electronic Arts — Shares
Sharing is Caring! by Michael Snyder Are we in danger of stumbling into a major military conflict? This week, a couple of startling revelations have really shaken up those that closely watch U.S. relations with China. The relationship between our two nations continues to deteriorate, and we are now closer to a war with China
Bitcoin (BTC) is leading the recovery in the crypto sector and the cryptocurrency briefly rallied to $48,429 on Sept. 15, before pulling back to test the underlying support levels. While speaking during a live stream at the SALT conference, Ark Invest CEO Cathie Wood said that Bitcoin is the default currency of the crypto space
Perched on a prime corner of Pacific Heights, just steps from the Presidio and boasting some of the greatest views offered by the City by the Bay, this 7,675 square foot, six-bedroom home is the pinnacle of San Francisco elegance. It was the home of Charles “Kip” C. Thieriot, who passed away of Covid 19 on
NICHOLAS KAMM | AFP | Getty Images The uber rich may be cheering House Democrats’ proposed tax reforms on investment income relative to the Biden administration’s earlier plan. The White House called for a 39.6% top federal tax rate on long-term capital gains and dividends — nearly double the current 20%. Long-term capital gains tax