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Tonight on Nightly Business Report, stocks finish the month of February with solid gains. Will the bulls continue their run into March? And, why baby boomers are facing a downsizing dilemma.
Betsy Friedlander, 66, and Mike Klipper, 67, have adored their light-filled, three-story colonial in suburban Bethesda, Maryland, for nearly three decades. They had the more-than-3,000-square-foot home built, and they raised their two sons in it. Now with the boys grown and gone, they are looking for a new home as part of a new lifestyle. …
Investors see worse returns during the periods surrounding both marriage and divorce, according to a research paper published by the Social Science Research Network this month. The research found that the annualized alpha, a measure of performance on a risk-adjusted basis, of younger fund managers fell nearly 16 percent during a divorce, while that of …
If investors learned anything from Fed Chair Janet Yellen’s testimony to Congress this week, it’s that the central bank is willing to wait for inflation to catch up to employment before hiking rates. It could be a long wait—longer, in fact, than many market participants anticipate. Language tweaks in Yellen’s semiannual appearance Tuesday and Wednesday …
Former AIG CEO and President Robert “Bob” Benmosche died Friday at NYU Langone Medical Center. He was 70 and had undergone treatment for lung cancer since 2010. “We announce this news with profound sadness, and our thoughts and prayers are with Bob’s family at this difficult time,” Chairman Robert S. Miller said in a statement. …
Tonight on Nightly Business Report.. The Federal Communications Commission approves sweeping changes to the way the internet is regulated. What do the new rules mean for you?
And, did IBM’s CEO win over Wall Street at the company’s investor day?
Tonight on Nightly Business Report, the Federal Communications Commission approves sweeping changes to the way the internet is regulated. What do the new rules mean for you?
Many small businesses across the United States were caught unprepared for this winter’s wrath, but that doesn’t mean it’s too late to try managing the problem. Much of the country has been hit hard by heavy snowfalls, and the Northeast has dealt with abnormally icy temperatures. Boston, for example, has taken more than 100 inches …
Apple will hold an event March 9, the company said Thursday, amid speculation that the launch of the Apple Watch was near. The invitation said simply “Spring forward.” (Clocks spring forward one hour for daylight savings time the day before). CEO Tim Cook has previously said the Apple Watch would ship sometime in April. While …
Fed Chair Janet Yellen revealed to Congress this week that demand is not “very high” for small business loans, adding that some of this may be due to uncertainties caused by the financial crisis and the fact that home values have fallen so much. Yellen’s comments come at an interesting time in the world of …
After attorney Joryn Jenkins’ parents divorced when she was seven, she never saw her father again. Experiencing firsthand how divorce can destroy a family forever, Jenkins never wanted other families to go through that. Yet after 35 years of trial work, the attorney was convinced that the grueling divorce court process results in a long …
IBM has disappointed its shareholders, but the company’s executives plan to convince investors that the tech giant is pivoting to faster-growing businesses that can revive optimism in Big Blue’s future. For fans of IBM, it’s been a challenging couple of years. In 2013, the stock slipped 2 percent, which earned it a dubious distinction: It …
It’s bad enough to tap your 401(k) when you are unemployed. But should you have to pay a 10 percent early distribution penalty too? Not if a little-known provision buried deep within President Barack Obama’s proposed 2016 budget becomes law. The provision would allow those who’ve received unemployment compensation for more than 26 weeks to …
Investors need to know who is controlling their financial fate
Amidst political fanfare on Monday, President Obama formally announced his support of the Department of Labor’s attempt to hold more financial advisors to a fiduciary standard of care by broadening the definition of “investment advice” to include more service providers. The effort has been stalled for the past five years as the brokerage industry has …