Fed Cuts Interest Rates, Trump Blasts Powell Anyway: ‘No Guts!’

O’Connell, CEO at Next Level Insurance Agency, gave his insights into turning a successful practice into a balanced personal life during the NAIFA Performance+Purpose convention in Orlando, Fla.

—For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump’s trade war with China. Will Trump achieve at least a truce in his conflict with China and diminish a threat overhanging the U.S. economy? Is U.S. inflation, dormant for years,…

Morgan Stanley, a multinational financial services corporation, issued the following news release:. More than eight in ten U.S. individual investors now express interest in sustainable investing, while half take part in at least one sustainable investing activity, according to a new survey published today by the Morgan Stanley Institute for Sustainable…

No less a figure than former Federal Reserve chairman Alan Greenspan has suggested that it’s just a matter of time before negative rates come to the United States. Last week, the European Central Bank deepened its negative rates as part of a package to fend off a recession. Negative rates represent another technique by which central banks, such as the Federal…

U.S. Bancorp executives, at a once-every-three-year meeting with top investors and analysts, said Thursday they can’ t take the company’ s strong performance for granted and are making big changes amid slowing growth. “We talk about this a lot,” Andy Cecere, U.S. Bank’ s chief executive, said in reply.“ One of my objectives is to not be Sears Roebuck. They said they don’ t…

The Independent Insurance Agents and Brokers of New York filed an appeal Monday challenging a New York Supreme Court ruling upholding the state’s new regulations governing annuity and life insurance sales.

Once you retire, it’s helpful to keep several tax opportunities and tax consequences in mind.

President Trump on Wednesday continued his attacks on the Federal Reserve, calling the central bank and its chairman, Jerome Powell,“ boneheads” and urging the central bank to cut interest rates to zero or set negative rates. “It is only the naïveté of Jay Powell and the Federal Reserve that doesn’ t allow us to do what other countries are already doing,” he added.“ A…

Estate planning is the process of managing and preserving your assets while you are alive, and conserving and controlling their distribution after your death. There are four key estate planning documents almost everyone should have regardless of age, health, or wealth. DURABLE POWER OF ATTORNEY You must consider what would happen if, for example, you were…

Financial officers from Wilson and Muir Bank, West Point Bank, WesBanco, Fort Knox Federal Credit Union and Citizens Union Bank were on hand at Tuesday’s Radcliff Small Business Alliance luncheon to offer some financial advice. James Watson of WesBanco said small business owners obviously have passion, but all too often, they have passion and no money.

Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China’s move to exempt some U.S. products from a recent round of tariffs. The sector is particularly sensitive to the fallout from the trade war between Washington and Beijing because many big tech companies, such as Apple, manufacture products in China.

Income inequality has roiled American society and politics for years, animating the rise of Barack Obama out of the collapse of the financial system in 2008, energizing right-wing populism and the emergence of nationalist leaders like Donald J. Trump, and pushing the Democratic Party leftward. “Poverty is a life-threatening issue for millions of people in…

You likely have heard the saying that the three most important factors in real estate are location, location and location. In wealth management, location is a similarly important factor. Asset location is a best practice for keeping as much of your wealth as possible- after taxes have taken their toll.

LPL reduced their 2019 S&P 500 EPS forecast in August to reflect increased risk to economic growth and corporate profits from the ongoing trade conflict between the United States and China. Although experts continue to expect resolution later this year or in early 2020, the odds of a more prolonged dispute have risen.

You might think your portfolio is safe, but are you absolutely sure? A steep market drop could be an expensive wake-up call.

The best bond funds in August were general U.S. Treasuries funds, which galloped ahead by 6.2%, following the Federal Reserves rate cut.

The U.S. economy added a disappointing 130,000 jobs in August, the Labor Department said Friday, heightening fears that President Trump’s trade war is starting to bite. The jobs report has taken on greater significance as concerns grow that the U.S. economy has entered a rough patch. Trump has pinned his reelection on a strong economy in 2020. White House…

Sep. 5– Words are important but actions matter more. The $5 trillion- plus-in-assets mutual fund giant also issued a separate note, adding, “We continue to promote gender diversity– there is still progress to be made– but our research and experience with corporate boards tell us that gender diversity is not enough. The flagship Vanguard S&P 500 index fund, created by…

Two U.S. senators have called on the main pension fund for federal government employees to reverse a decision that would open billions in investments to fund Chinese companies that they say support China’s military, espionage, and human rights abuses. The letter comes as the escalating U.S.- China trade war threatens to spill over into the financial sector,…

That’ s some of the advice Massachusetts financial advisers are dishing out to anxious clients— many of them late-career baby boomers— who fear the market volatility will deplete the nest eggs they’ ve accumulated to fund their retirement. While there’ s no one-size-fits-all formula, almost everyone needs some hand-holding in tumultuous times.

Byline: Fred Reish and Joan Neri. Under rules of the Securities and Exchange Commission, what standard of conduct applies to this IRA rollover advice? The SEC interpretation affirms and clarifies an investment adviser’s fiduciary duty.

In the early 1950 s, a young economist named Paul Volcker worked as a human calculator in an office deep inside the Federal Reserve Bank of New York. The Fed’ s chairman, a former stockbroker named William McChesney Martin, once told a visitor that he kept a small staff of economists in the basement of the Fed’ s Washington headquarters. President Franklin Delano…

The stock market is closed on Labor Day, but investors do not get an early start to the holiday weekend the Friday before Labor Day.

Sixty-two percent of retirement plan sponsors say their employees expect to meet all of their funding needs in retirement, but 45% of sponsors do not think their employees are saving enough to retire, according to Fidelity Investments’ Plan Sponsor Attitudes Study. Ninety percent of sponsors have had employees work past their desired retirement date, and 73%…

Thirty-three percent of Baby Boomers are actively managing interest rate risk in their portfolio, up six percentage points from last quarter. This is according to “StreetWise,” E* TRADE’s quarterly tracking study of experienced investors. “Investors approaching retirement traditionally turn to bonds to provide a steady stream of income for their portfolio,”…

The yield curve between 2- year and 10- year Treasury notes inverted to its deepest level in more than a decade Tuesday, further deepening experts’ fears of a recession. The 10- year Treasury note fell by 6 basis points to 1.48 percent and the 2- year note fell 2.3 basis points to 1.53 percent for a negative 4 basis points spread between the two– the lowest level since…

JACKSON HOLE, Wyo.— The Federal Reserve and other central banks are entering their most perilous chapter since the 2008 financial crisis, as they come under enormous pressure to keep the global economy out of recession while questions mount about their power to do so. Even as he promised to“ act as appropriate to sustain the expansion,” Fed Chair Jerome Powell…

—Shares mostly fell Monday after the latest escalation in the U.S.- China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next. U.S. shares were set to recover with Dow futures up 0.2% at 25,725. S&P 500 futures were up nearly 0.2% at 2,859.60. The market is now dominated by fears of a portending…

This morning saw China retaliate with tariffs on at least $75 billion worth of U.S. goods, including oil, soybeans and cars, to go into effect Sept. 1 and Dec. 15 in lockstep with U.S. tariffs. President Donald Trump responded to China’s announcement by ordering U.S. companies to stop trading with China.

Almost 50% of the chief financial officers think the American economy is bound for a recession within a year, according to the Duke University/ CFO Global Business Outlook. Led by the Fuqua School of Business and John Graham, the D. Richard Mead Jr. family professor of finance, the survey has conducted polling each quarter since July 1996. Argentina, China, and…

—The Latest on the gathering of central bankers in Jackson Hole, Wyoming:. Federal Reserve Chairman Jerome Powell says President Donald Trump’s trade wars have complicated the Fed’s ability to set interest rate policies but offers no clear signal about further interest rate cuts. Global stock markets are up ahead of a closely watched speech by the U.S. Federal…

Global stock markets are up ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in London, Frankfurt, Shanghai and Tokyo are all higher on Friday. Against the backdrop of a vulnerable economy, Federal Reserve Chairman Jerome Powell takes center stage Friday with the financial world seeking clarity on whether last month’s…

WASHINGTON— The U.S. federal deficit will expand by about $800 billion more than previously expected over the next decade, as recent increases in spending push the nation into levels of debt unseen since the end of World War II, the Congressional Budget Office said Wednesday. The new deficit estimates could deepen worries that U.S. policymakers face a shortage…

WASHINGTON— President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time,” saying that such an action would make the U.S. economy even better and would also “greatly and quickly” enhance the global economy. In two tweets Monday, Trump kept up his pressure on the Fed and its chairman…

—President Donald Trump acknowledged his aggressive China trade policies may mean economic pain for Americans but insisted they’re needed for more important long-term benefits. Asked if his trade war with China could tip the country into recession, he brushed off the idea as “irrelevant” and said it was imperative to “take China on.” China, though, said trade with…

The outlook reflects growing skepticism among economists and investors that the U.S. economy will be able to withstand a protracted trade war with China without serious harm amid a weakening global outlook. Stock markets gyrated last week as investors grappled with continuing U.S.- China trade uncertainty and absorbed grim data showing that Germany and…

The outlook reflects growing skepticism among economists and investors that the U.S. economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global outlook. Stock markets gyrated last week as investors grappled with continuing U.S.- China trade uncertainty and absorbed grim data showing Germany and eight…

Aug. 20– For two years, LPL Financial has preached that business investment is key to sustaining the current economic expansion, the second-longest in modern U.S. history. But lingering headwinds from the U.S. trade conflict with China have dampened capital spending from companies over the past several quarter, leaving consumers and the possibility of…

The latest sign of that cropped up last week, as the IRS announced it was sending 10,000“ educational letters” to taxpayers it suspects had taxable income from cryptocurrencies in 2018. This comes on the heels of a“ virtual currency compliance campaign” the IRS conducted that year. Brian Darling writing for Investors Business Daily has a good definition:“ a…

The longest economic recovery in U.S. history, now spanning more than 10 years, hasn’t been without bumps in the road. At least, not soon enough to avoid a downturn that would roil a presidential campaign in which the incumbent Republican has tied his reelection pitch to U.S. economic strength; strength that he promised to buoy by loosening business regulation and…

On Tuesday, President Trump blinked in the trade war with China, retreating from previous plans to apply tariffs to virtually all Chinese imports on Sept. 1. While longer-term Treasury yields rose, reflecting more optimism, the increase was slight— and they remained far below their levels of late July. The yield on 10- year Treasury bonds plunged to 1.59 percent by…

NEW YORK- With bond yields plunging because of worries about the global economy, investors might turn their attention to companies in the S&P 500 paying some juicy dividends. The yield on the 10- year Treasury has been steadily falling all year and stood at 1.58% as of Wednesday. Meanwhile, the S&P 500 is offering a dividend yield of 2% overall, making the payout…

As more advisors outsource investing decisions to turnkey asset management platforms, some obstacles can arise along the way.

As the world’s largest retirement market, current trends in the U.S. will have a disproportionate impact on leading financial services firms over the next two decades, says a new report. While noting that retirement “is and will continue to be” one of the largest growth opportunities for wealth managers, insurers and asset managers, McKinsey& Company’s “Long-term…

I recently summitted Mount Shasta in California, a 14,200- foot volcano. It is a gorgeous mountain and summitting was very rewarding. There are many things that are vital to success at an endeavor such as this, but several of the most important, I believe, are preparation, proper tools/equipment and experience.

WASHINGTON- Stock markets in Japan fell Thursday, but not as drastically as the plummets experienced by U.S. markets a day earlier that amplified recession fears. But most importantly, the analysts pointed to a so-called yield curve inversion for interest rates on two- and 10- year U.S. Treasury notes. But the reverse was in effect Wednesday, and the analysts see it…

—U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing. The consumer price index increased 1.8% compared with a year earlier, up from 1.6% in June, the Labor Department said Tuesday. Excluding the volatile food and energy categories, core prices moved up 0.3% in July and 2.2% from a year ago.

Gun-rights objections reportedly prompted Gov. Chris Sununu to veto legislation that would have allowed financial advisors to delay disbursement of funds from an investment account if they suspected financial abuse.

Aug. 13– As investment values slipped again Monday– with U.S. stocks down and bond yields also off on fears of a China trade war– Vanguard Group investors got an extra jolt when the Malvern- based company showed some of its popular funds falling much further. “Imagine my surprise upon seeing a listing in the paper for Vanguard Target 2025 of $14.91– price over the…

The White House on Tuesday said it would delay imposing tariffs on Chinese imports of cellphones, laptop computers, video game consoles, and certain types of footwear and clothing until Dec. 15, significantly later than the Sept. 1 deadline President Trump had repeatedly threatened. The White House did not give a full explanation as to why these items were being…

For consumers, the world of wealth management can be daunting. Financial advising, financial planning, wealth management, investment management, financial wellness, strategic wealth strategy, asset management- the industry jargon can seem endless. Over the last 30 years, Bill Walker has seen many of these takes on financial services.

2019 AUG 12– By a News Reporter-Staff News Editor at Education Daily Report– According to a new survey conducted by The Harris Poll on behalf of TD Ameritrade, Americans would rather discuss politics, health issues and religion over money and personal finances while more than a third wish they could discuss their finances more freely. This press release…

Imports of U.S. goods fell 19% from a year earlier to $10.9 billion, customs data showed Thursday, though that was an improvement over June’s 31.4% fall. Beijing has retaliated for U.S. tariff hikes in a dispute over trade and technology by imposing its own punitive duties and suspending purchases of American soybeans and other goods. China’s central bank…