Understand how Social Security is financed; plan your retirement and vote accordingly! getty It’s time for the annual ritual of understanding and interpreting the Social Security trustees’ report. The 2022 report analyzes and summarizes the latest actuarial status of the trust funds that support Social Security’s retirement and disability programs, as well as the fund…
Topline Markets moved slightly higher on Monday as stocks tried to rebound from a losing week; investor sentiment rose thanks to positive news out of China, which looks to be easing coronavirus lockdown restrictions and regulatory crackdowns on its tech sector. Investors are hoping for a more positive week as China reduces lockdown restrictions. Richard…
Today, building a legacy looks very different to what it did in the 1920s when John D. Rockefeller … [+] spearheaded an urban renewal project in New York, constructing the Rockefeller center which today still houses the namesake family office. Bettmann Archive What’s in a name? That which we call a family office? And would…
President Joe Biden (Photo by Anna Moneymaker/Getty Images) Getty Images President Joe Biden may not decide whether to forgive student loans until July or August. Here’s what you need to know — and what it means for your student loans. Student Loans In a frustrating setback for millions of student loan borrowers, Biden may not…
Drilling machinery in the Permian Basin in Midland, Texas. The Midland metro area posted an … [+] incredible 60.1% growth in GDP for all industries from 2015 to 2020. getty In a recent Forbes article, we analyzed which states in the United States had experienced the fastest growth in terms of gross domestic product (GDP).…
Manhattan, New York getty My favorite story about my life as an investor is of asking my father how he had made so much money in the markets. I was about 11 years old and had done okay myself investing in gold shares by applying a rudimentary observation, care of the Financial Times share price…
AP Photo/Julio Cortez ASSOCIATED PRESS Elon Musk has a “super bad feeling” about the economy. JPMorgan’s Jaime Diamond forecasts an “economic hurricane.” Both claims are counterfactual. The economy’s super hot, inflation’s temporary, the Fed’s not slamming on the breaks and reversing QE, to the extent that happens, will surely be benign. Larry Kotlikoff is a…
Talk about a doubly whammy. After the $10,350,000 verdict she owes Depp, Amber Heard’s lawyer says the actress can’t pay Depp the whopping verdict the court says she owes him. Add to that Heard’s tax problems, and it seems to pile on the bad news. There was already a nasty divorce, but the live-streamed trial…
Photo by © Hulton-Deutsch Collection Corbis via Getty Images Chief executives at three regional banks bought their own companies’ stock last month. That, coupled with the fact that bank stocks were strong in May, suggests that adding a bank stock to your portfolio now might be a good move. First Citizens BancShares (FCNCA) is a…
Forty percent of America’s corn crop ends up in our gas tanks. getty Tempted by lower priced ethanol? Keep in mind that the corn-based moonshine contains 30% less energy by volume than gasoline. The Biden Administration and the E.P.A. recently decided to require a larger amount of ethanol to be blended into gasoline in an…