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Financial News of the Day

 

Congratulations America: Your Paycheck Will Soon Clear in One Day

27-09-2016

Congratulations America: Your Paycheck Will Soon Clear in One Day

It’s Friday, and your paycheck is missing a zero. Even if payroll owns up to it, you could be waiting until Wednesday to get your money. Your power company is threatening a penalty for an overdue balance? Don’t expect your last-minute payment to get there in time. Waiting for the market to drop... Read more

Twitter skyrockets on more takeover rumors

23-09-2016

Twitter skyrockets on more takeover rumors

Are Twitter's days as an independent company numbered? Twitter stock soared 20% Friday after CNBC reported that the company is moving closer to selling itself. Twitter (TWTR, Tech30) has been viewed as a takeover target for some time now. The Financial Times also reported Friday that Twitter has hired Goldman Sachs... Read more

The middle class gets a big raise ... finally!

13-09-2016

The middle class gets a big raise ... finally!

After years of watching their incomes go nowhere, America's middle class finally got a big raise last year. Median household income rose to $56,516 in 2015, up 5.2% from a year earlier, according to data released by the U.S. Census Bureau Tuesday. It marks the first increase in median income since... Read more

Activists call for Facebook 'censorship' change after Korryn Gaines death

24-08-2016

Activists call for Facebook 'censorship' change after Korryn Gaines death

A consortium of activist groups has sent an open letter to Mark Zuckerberg asking him to implement an “anti-censorship policy” at Facebook in its dealings with law enforcement officials in the wake of the death of Baltimore woman Korryn Gaines. Gaines, killed just after her Facebook Live video stream of her... Read more

Robert Powell's Retirement Portfolio: Is…

28-09-2016

Robert Powell's Retirement Portfolio: Is your tolerance for risk being measured correctly?

Some experts, most notably Michael Kitces who recently posted this blog The Sorry State Of Risk Tolerance Questionnaires For Financial Advisors , are increasingly critical of risk tolerance questionnaires (RTQs), a tool many/most investment advisers and... Read more

The Wall Street Journal: The classic boo…

28-09-2016

The Wall Street Journal: The classic books you haven’t read (that give you book guilt)

Nearly everyone who considers themselves well-read, or just desires to be, has a book, or several, that haunts them—the classic they haven’t read.... Read more

Market Snapshot: U.S. stocks turn lower …

28-09-2016

Market Snapshot: U.S. stocks turn lower as oil pares gains

U.S. stocks drifted lower Wednesday as cautious investors were reluctant to make big bets amid uncertainty surrounding the fate of troubled Deutsche Bank and volatile oil prices. Investors are also watching Federal Reserve Chairwoman Janet... Read more

Currencies: Dollar little changed as inv…

28-09-2016

Currencies: Dollar little changed as investors await clarity on rates, oil

The dollar strengthened modestly against the yen on Wednesday but was mostly unchanged against its major rivals as investors continued to debate the outlook for interest rates and await a key meeting of major oil... Read more

BlackBerry to cut fewer than 100 jobs wi…

28-09-2016

The chief executive officer of BlackBerry said fewer than 100 jobs will be cut with its latest move away from hardware, given reductions already made, and that he had not decided whether to launch a device the company has already produced."If I decide not to... Read more

Trump gets a rare boost from a Wall Stre…

28-09-2016

Donald Trump has been having a rough time rounding up support from Wall Street, but he attracted a pretty high-profile nod Wednesday morning. Ken Moelis, a major player in the investment banking industry as head of Moelis & Co., predicted that Trump will... Read more

CBS, Viacom controlling shareholder to c…

28-09-2016

National Amusements, the controlling shareholder of CBS and Viacom, is preparing to call on the two media companies to explore a merger, two people familiar with the matter said on Wednesday. NAI may contact the two companies as early as this week to ask... Read more

A behind-the-scenes look at why Wells Fa…

28-09-2016

The board announced on Tuesday that it has "launched an independent investigation" into the matter, and Stumpf "recused himself " from the investigation. In addition to the forfeiture, Stumpf will forgo his salary while the investigation is being conducted. Reading the... Read more

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