Financial Services

admin July 15, 2019

Bloomberg Scott Minerd, managing partner and chief investment officer of Guggenheim Partners. Scott Minerd, the chief investment officer of Guggenheim Partners and a prominent Wall Street figure, said Monday he has been in talks about taking a seat on the Federal Reserve Board of governors. In a segment of CNBC’s Halftime Report, Minerd said […]

admin July 14, 2019

Somebody breezed into my office last week convinced that people are making a serious mistake by investing their money in a house. She pointed to the low long-run return on the Case-Shiller house price index and concluded that everyone would be better off if they invested their money in equities instead. This conclusion seems wrongheaded […]

admin July 13, 2019

No need to take that trip to grandma’s house — she may be coming to you. A quarter of baby boomers, the generation born between 1946 and 1964, will use retirement as an excuse to move closer to their grandchildren, according to Meyers Research. Some are even willing to move across state lines. Meyers, which […]

admin July 12, 2019

A stock-market index of small caps is at its weakest versus the S&P 500 since the financial crisis, suggesting the market has a liquidity problem. Although the three main U.S. stock indexes — the Dow Jones Industrial Average DJIA, +0.56% […]

admin July 12, 2019

Bloomberg Oil storage tanks at Valero Energy’s St. Charles Refinery in Norco, Louisiana. Energy prices fell sharply in June. The numbers: The producer price index rose a modest 0.1% in June, indicating that inflation remains under wraps. Economists polled by MarketWatch had predicted a 0.1% fall. The increase in wholesale inflation over the past […]

admin July 12, 2019

Getty Images President Donald Trump tweeted Thursday that China is ‘letting us down’ in trade talks, ratcheting up fresh pressure on Beijing. President Donald Trump turned up pressure on China over trade talks, as he celebrated a stock-market milestone and was expected to announce he won’t pursue efforts to get a citizenship question on […]