Don’t Retire Broke! Even Small Amounts Saved Regularly Add Up to Real Money

Shocking new statistics reinforce a basic truth of the world’s richest country: Many Americans are so far behind in retirement savings that they risk retiring flat broke. Studies show that 61% of Americans have less than $100,000 saved in a retirement plan and 42% of Americans have $10,000 or less. The Economic Policy Institute report also […]

Opinion: Facebook Workers Can See Anything They Want On Your Profile. That’s Wrong.

Bedeviled by the uproar created by disclosure concerning its callous disregard for its user privacy, Facebook’s business practices continue to generate controversy. The latest contentious privacy-related issue concerns Facebook employees’ ability to access users’ profiles without disclosure or obtaining the user’s permission. This dual privacy standard is symptomatic of a dilemma for the company: How […]

As Debt Spirals into Trillions, Trump Backers Call for Law to Make Tax Cuts Permanent

Gary Cohn, the Goldman Sachs banker turned advisor to President Trump and now former head of the National Economic Council, says that personal tax cuts passed in recent tax overhaul legislation should be made permanent. The Tax Cuts and Jobs Act of 2017 made deep cuts to both corporate and individual tax rates, but only the […]

Californians Revolt Against $5K Monthly Rents, Bet On Ballot Measure to Halt Crisis

Renters in the Golden State have had enough. They’ve collected more than enough signatures to put rent control on the ballot this fall. The Costa Hawkins Rental Housing Act passed in 1995. The law made it illegal for a number of Californian cities to exert rent control on structures built after 1995. The law retroactively […]

If History Is Any Guide, It’s Time to Bail On Stocks for the Summer

During the past few months, investors have had to contend with market volatility, an increase in interest rates and uncertainty about the direction of the yield curve and the stock market. To complicate matters, those looking to take short-term profits presently face another unknown variable: May through November has historically been a six-month weak stretch […]

Retail Cryptocurrency Trading Could Take Wall Street by Storm

A Thomson Reuters survey reveals that more than one in five financial institutions is currently considering crypto trading in response to consumer demand — and maybe starting up within a year. Retail industry interest in cryptocurrency trading has surged as cryptocurrency mania continues.  The survey compiles responses from more than 400 financial companies. Well over […]

Overdrawn: German Banking Giant Pays Out $35 Billion in Error

Deutsche Bank, Germany’s largest bank, accidently issued $35 billion to an international exchange that wasn’t owed. The event is almost too staggering to comprehend. The market value of Deutsche bank itself is only $30 billion. Representative from Deutsche Bank categorized the event as an “operational error.” The colossal financial blunder occurred in late March 2018. The mistakenly […]

Opinion: Stock Are Returning to Normal. Investors Should Adjust Accordingly.

Though they may be loathe to admit it, investors have been spoiled for the past decade and largely shielded from the risk of even a mild downturn in the market. Pampered by 10 years of historically unprecedented low interest rates and an unwavering Federal Reserve policy of easy money, many investors have been disquieted by market […]

Warren Buffett: Here’s What Elon Musk Gets Wrong About Capitalism

Nearly 42,000 Berkshire Hathaway shareholders last weekend made the pilgrimage to Omaha, Nebraska to hear Warren Buffett and his longtime business partner Charlie Munger answer six hours of questions and answers at an annual meeting of shareholders. Buffett, among the world’s wealthiest people, had as usual many homespun nuggets of investing wisdom to offer. But […]