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…

Fed Chairman Jerome Powell should call an emergency meeting of the Federal Open Market Committee and cut rates in the next few days. Our friends at The Wall Street Journal are calling the recent market sell-off the“ Navarro Recession”— a deserved poke at the pro-tariff policies of White House Economic Adviser Peter Navarro. Donald Trump has embraced that…

The week has been especially turbulent as investors and central banks react to the escalating trade war between the U.S. and China. DXC Technology plunged 28% after cutting its financial forecast for the year. General Electric shed 2.4% and TripAdvisor lost 3.6%.

Aug. 9– The American workforce is graying. The surge in older workers can be attributed to multiple factors, such as the disappearance of company pensions, the increasing age to collect full Social Security and growing lifespans. LaVerne Gaither belongs to the former group and Janet Beebe to the latter.

Wall Street has a message for the Federal Reserve: You are not done cutting rates. Yields on 30- year Treasury bonds approached their record low of 2.106 percent. The notion that a protracted conflict could weigh on global growth was further fueled on Wednesday when central bankers in Thailand, India and New Zealand— all of which have important trading…

—Stock prices rose Thursday as investors braced for the next development in the U.S.- Chinese trade war, which has caused volatility in world markets this week, and after Beijing reported a rise in exports, easing some concerns about its economic slowdown. Markets in Europe advanced after indexes in Shanghai, Tokyo and Hong Kong closed higher, recovering some of…

Aug. 7– Last week, President Donald Trump announced a new 10 percent tariff on more than $300 billion in Chinese goods to take effect Sept. 10. Ben Gold, president of QuickBridge, a financial services company that provides small business loans, said his clients are already feeling the effects. Whenever Trump announces new tariffs, he says, small businesses are likely…

Data: LIMRA Secure Retirement Institute; Chart: Harry Stevens/Axios The younger you are, the less retirement security you’re likely to have, as employers accelerate efforts to shed costly pensions and replace them with alternatives that make workers shoulder more of the risk and responsibility. Why it matters: Millennials and members of Generation Z will face less prosperous…