Paul Bradbury | OJO Images | Getty Images As more Americans push for diversity, equality and inclusion in the world around them, financial advisors are finding ways to adapt. The Black Lives Matter movement and nationwide protests have changed the dynamic, yet many financial firms are still dominated by White males. In 2019, 77.7% of
Month: October 2020
Mario Gabelli Scott Mlyn | CNBC Investor Mario Gabelli struck a positive note on Tuesday on the U.S. economy even as coronavirus cases in the country are on the rise. More than 8 million coronavirus cases have been confirmed in the U.S. alone, according to data from Johns Hopkins University. A CNBC analysis also found
Some of the most noticeable names on Wall Street will have a role in Black Entrepreneurs Day online event this Saturday. Daymond John of “Shark Tank” fame, who said he was “frustrated” by the state of Black businesses in the face of the pandemic, said he leveraged his network in the business world to highlight
A careful strategy can help you take calculated investing risks during retirement. getty Today’s uncertain investing environment presents a serious dilemma to many pre-retirees and retirees: How much money can you afford to risk by investing in the stock market? On the one hand, you might be afraid of stock market crashes, since you might
Economic Security Planning, Inc. Today’s column addresses questions about the effect of having collected a spousal benefit before filing retroactively for retirement benefits, potential effects of business losses on Social Security benefit rates and which full retirement age (FRA) applies to the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and
A perfect example of mid-century modernism, the Kaufmann Desert House is for sale. Daniel Solomon for Vista Sotheby’s International Realty At its best, modernism produced poetically beautiful buildings whose spare simplicity belied their sophisticated design. A stellar example is Richard Neutra’s Kaufmann Desert House. Located in modernism’s spiritual epicenter, Palm Beach, California, it is considered
Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Ford Motor plans to launch its self-driving commercial business in 2022 with vehicles based on the Ford Escape Hybrid crossover, the company said Tuesday. The vehicles are the automaker’s fourth-generation self-driving test vehicles in partnership
(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Netflix is set to report earnings for its third quarter of 2020 after the bell on Tuesday. Here are the key
Noam Galai | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. IBM – Shares shed more than 6% after IBM’s third-quarter results showed a third straight quarter of declining revenue. The company earned an adjusted $2.58 per share for the quarter, which was in line with Street forecasts,
Jack Ma, Alibaba Group Jean Chung | Bloomberg | Getty Images A spate of IPOs and robust tech growth helped China’s billionaires add $1.5 trillion to their wealth, bringing the total worth of China’s billionaires to $4 trillion, according to a new report, which described the increase as the country’s fastest growth ever. China minted
Would you talk differently if you knew a machine was listening to you and grading you based on what you were saying, or based on whether you were using positive or negative words, or even if the sound of your voice was optimistic or pessimistic? Apparently, Wall Street executives are talking differently. They are trying to
SEC chairman Jay Clayton testifies during a hearing of the House Financial Services Committee’s subcommittee on Investor Protection, Entrepreneurship, and Capital Markets on June 25. Brendan Smialowski-Pool/Getty Images Many investments available to mom-and-pop investors aren’t appropriate for that audience to buy, and should instead be held by sophisticated investors, the head of the SEC said
The Covid-19 recession has led to higher unemployment six months and longer for those 55 and older than mid-career workers 35 to 54 in nearly half of a century, according to a new report by The New School’s Retirement Equity Lab (ReLab). First hired and last fired is changing: first in first out is becoming
TOPSHOT – People dine in plastic tents for social distancing at a restaurant in Manhattan on October … [+] 15, 2020 in New York City, amid the coronavirus pandemic. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images It’s been an especially rough year for the restaurant
Saqr Al-Qassimi is the CEO of RAK Real Estate, a family-owned real estate developer in the United Arab Emirates. getty The pandemic has dramatically shifted business operations in several ways — there’s no doubt about that. Although the rapid changes have caused some people to hunker down and hide, I believe the shift has also prompted
Months before the coronavirus pandemic began, Lowe’s ordered merchandise for the holiday season. It decided to carry items that shoppers might not expect in its stores or on its website: exercise equipment, bamboo bedding, air fryers, movie projectors and battery-powered scooters. The home improvement retailer said Tuesday that it will kick off its holiday deals
Procter & Gamble’s products include Crest toothpaste. Tiffany Hagler-Geard | Bloomberg | Getty Images Procter & Gamble on Tuesday reported its quarterly revenue rose 9% as the coronavirus pandemic continued to fuel demand for its cleaning and laundry products. On the heels of a strong quarter, P&G raised its sales outlook for fiscal 2021. Shares of
The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — The world’s largest wealth manager, UBS, reported a net income of $2.1 billion for the third quarter on Tuesday, up 99% from the same
I’ve surveyed thousands of adults around the world — from the financially affluent to the middle-class to the poor — about two very simple, universally valuable resources: Time and money. Unsurprisingly, most people focus too much on working and making money, and not enough on having more time. But shifting your mindset to prioritize time
SEATTLE, WASHINGTON – New England Patriots’ Brandon Copeland (L) and Stephon Gilmore tackle Seattle Seahawks’ Chris Carson on September 20, 2020 in Seattle, Washington. Abbie Parr | Getty Images Sport | Getty Images Millions of Americans have been financially impacted by the coronavirus pandemic. New England Patriots linebacker Brandon Copeland wants to help. “We can’t
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