Personal Finance
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 […]
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 […]
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 […]
Ever had a post on Facebook blocked — by Facebook? For the first time, the company is explaining why. The social media giant has now disclosed the once-secret rules on how it polices itself, explaining what it allows, or doesn’t, on topics such as drug use, sex work, bullying, hate speech, and inciting violence. For years, […]
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 […]
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 […]
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 […]
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 […]
Stocks will continue rising by about 20% for the next 18 months, after which a recession will hit in 2020. That’s according to Scott Minerd, the global chief investment officer for mutual fund company Guggenheim Partners. Minerd made the comments while speaking at the 2018 Milken Global Investment Conference in Los Angeles. According to Minerd, […]
How much do we owe, on average? Enough for everyone to own a home in Kansas. A Federal Reserve survey found that Americans aged between 35 to 44 have more than $133,000 in personal debt. In 2017, the total debt Americans were burdened with topped $13 trillion dollars, more than half the size of national debt […]
