Rep. Bill Pascrell, Jr., D-N.J., speaks during a House Democrats’ news conference on Wednesday, July 30, 2014. Bill Clark | CQ-Roll Call Group | Getty Images When Rep. Bill Pascrell, Jr., D-N.J., visited a senior living center in Englewood, New Jersey, last week, he had one main focus: Social Security reform. Speaking to a room
The U.S. economy remains at a crossroads. A strong consumer and U.S. Federal Reserve (Fed) rate cuts could save the day and help boost it; or manufacturing weakness, trade war-induced drops in confidence and the lagged effects of tighter Fed policy in 2018 could lead to recession. Many equity investors have dismissed the yield curve’s
People take part in a protest against the Republican tax bill in Los Angeles, California on December 4, 2017. Democrats and many economists warn that the GOP tax plan gives large tax cuts to corporations and the wealthy and will hurt middle class NurPhoto via Getty Images The most obvious parts of financial inequality are
For real estate syndication investors, there are many opportunities to choose from and there is a lot of capital competing for various real estate investments. Before racing to place your hard-earned capital, take extra time to conduct due diligence, and be aware of the following seven challenges of today’s environment that can hamper returns —
CNBC’s Jim Cramer tells viewers not to panic because the U.S. economy can rebound from the current slowdown. The “Mad Money” host breaks down Costco’s recent quarter and explains why the stock managed to rally, despite mixed results. Later in the show he goes over Six Flags’ rejected $4 billion bid for Cedar Fairs and
An American Airlines Boeing 737-800 plane takes off from Los Angeles International airport. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of American Airlines dipped 1.65% during extended trading after authorities in Miami forcibly removed a man on a flight to Newark, New Jersey earlier Monday. The man reportedly
A worker looks at the 9HA Gas Turbine, at the General Electric plant in Belfort, France. Frederick Florin | AFP | Getty Images General Electric‘s announcement that it is freezing pension plans for about 20,000 U.S. employees is part of the company’s “next steps in the balance sheet unwind,” J.P. Morgan analyst Stephen Tusa wrote
About 100,000 ex-employees of General Electric will face a choice soon: stay in the company’s pension plan or accept a lump sum and cut ties instead. Whether you count yourself among those former GE workers or are employed by another company with a similar option on the table, advisors say the decision shouldn’t be made
Coaches are everywhere these days. What used to be the province of the playing field or the ice arena, now is common to the board room, the gym, the hospital delivery room, the concert stage, and more recently, the retirement arena. I have been coaching recent and prospective retirees for the past eight years. It
Share to facebook Share to twitter Share to linkedin Brokerages will cumulatively lose billions of dollars in revenue. BLOOMBERG NEWS Topline: As the race to the bottom continues, slashing trading fees will eliminate billions of dollars of revenue for discount brokerage firms, although some may be better positioned to weather the impact. Charles Schwab—the first
Nowadays, any industry that technology takes on doesn’t stay the same for very long. Airbnb uprooted hospitality. Uber and Lyft changed transportation. Netflix not only changed entertainment, but shifted routines and enabled on-demand consumption. The list goes on. Each time tech puts its stamp on an industry, consumer behaviors shift and their expectations go up.
An interview with billionaire president and COO of Blackstone, Jonathan Gray. In this interview, Jonathan discusses the economic environment and where he sees the investment opportunities. Jonathan also talks about the businesses of Blackstone, with a focus on real estate investing. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Private
US Representative Raja Krishnamoorthi, Democrat of Illinois, looks as Acting Director of National Intelligence Joseph Maguire arrives to testify before a hearing of the House Permanent Select Committee on Intelligence on September 26, 2019, in Washington, DC. Andrew Caballero-Reynolds | AFP | Getty Images Rep. Raja Krishnamoorthi, D-Ill., is introducing a bill that would cap
Getty Images Investing legend Charles Schwab, founder and chairman of his namesake brokerage firm, said he would stay away from money-losing companies going public. “I would never buy a company like that that has huge losses and no sight ahead of you [about] how you are going to make money,” Schwab said in an interview
Charles Schwab, chairman of Charles Schwab Corp., speaks in Chicago, Illinois, on Wednesday, Nov. 20, 2013. Daniel Acker | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Charles Schwab said the broker’s latest move to zero commissions was a long-time goal to deliver to investors. “It was sort
Emergencies occur. So, it makes sense to start putting money aside. Yet many Americans aren’t. In fact, 28% of Americans have no emergency savings, a July survey from personal financial website Bankrate.com found. “Financial emergencies will happen, it’s only a matter of when,” said Kathy Kraninger, director of the Consumer Financial Protection Bureau. More from
Courtney Keating | Getty Images The past two years have been halcyon times for small businesses searching for capital. The lending landscape has never been higher during the post-recession era, and approval rates have increased steadily at big banks, regional and community banks and at institutional lenders for an ongoing basis. For instance, the SBA
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses withdrawing an application for Social Security retirement benefits, what happens with Social Security disability benefits at certain ages, survivor’s benefits and domestic partnerships, submitting an application and whether to
Financial advisors have been overseeing estate planning and asset management for their clients for centuries. In recent years, however, the introduction of new asset types and the implementation of new laws has made it necessary for finance pros and their clients to expand their knowledge and stay on top of trends if they want to
2020 budget planning, a rite of October, now reaches a truth-or-dare moment as a critical path priority for housing’s big and small business players players. Real money’s at stake, tons of it. The fates and fortunes of firms hinge on superior skills at matching who they are, and how they invest, with what will come