admin June 26, 2018

The quickly shrinking General Electric is on the verge of getting much smaller. Cash-strapped GE (GE) revealed plans on Tuesday to spin off its health care business and sell its stake in oil and gas company Baker Hughes (BHGE). GE plans to use the proceeds to pay down a mountain of debt accumulated from years […]

admin June 26, 2018

If you’re an investor, you’ve no doubt heard about how difficult it is for a fund manager to beat the performance of a benchmark index. One reason for this is that actively managed mutual funds have expenses that erode performance. But some fund managers can overcome that disadvantage. Fund-research firm Morningstar has provided a list […]

admin June 26, 2018

Which of the following has the greatest impact on your retirement standard of living? Saving an additional 1% of your salary for the 30 years prior to retirement, or postponing your retirement by 3 to 4 months? This seems like one of those impossible questions to answer. Fortunately, however, a new study circulated by the […]

admin June 26, 2018

When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.19 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today’s dollars. Source link

admin June 26, 2018

The gloom is deepening for Chinese stocks. The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day. Chinese stocks have come under pressure in recent weeks from concerns over an economic slowdown and an emerging trade war […]

admin June 26, 2018

Waiter, there’s some Velveeta and ketchup in my soup!? Shares of Campbell Soup rose more than 10% Monday following a report in the New York Post that said Kraft Heinz is “very interested” in trying to buy the company. Food giant General Mills was also cited by the New York Post as a possible suitor. […]

admin June 26, 2018

European savers applauded when the yield on long-dated German government bonds pushed back above zero as the seeds of recovery enabled investors to imagine the eventual end to the European Central Bank’s quantitative easing. But Carl Weinberg, chief economist at High Frequency Economics, said investors could see a return to zero for the benchmark German […]

admin June 26, 2018

A move by President Donald Trump to impose tariffs on cars assembled in Europe would dramatically escalate trade tensions and produce a quick response from the European Union. Trump threatened to make cars his next major target in a transatlantic trade tussle on Friday, saying they were in line for a 20% tariff if the […]

admin June 26, 2018

Wells Fargo is once again being accused of misconduct, this time because it allegedly used complex financial investments to take advantage of mom-and-pop investors. The Securities and Exchange Commission said on Monday that between 2009 and 2013, Wells Fargo (WFC) reaped large fees by “improperly encouraging” brokerage clients to actively trade high-fee debt products that […]

admin June 26, 2018

General Electric is turning out the lights on part of its embattled power division. GE unveiled a $3.25 billion deal on Monday to sell its distributed power business, which makes gas engines that are used to generate electricity in remote places. The sale, to the private equity firm Advent International, includes GE’s Jenbacher and Waukesha […]