U.S. stocks rebounded Tuesday after Chinese efforts to stabilize the yuan offered investors some much-needed reassurance, one day after an abrupt escalation in the trade war instilled terror in global markets. Though China emphatically rejected the Treasury Department’s move to label it a currency manipulator, the Chinese central bank nudged the yuan’s…

Federal Reserve Chair Jerome H. Powell has not been shy about saying what he’s trying to do: prolong the economy’s expansion so that it creates more jobs for those who, in the past, have often felt left out. The Fed increasingly sees itself as a social agency dedicated to job creation. That— more than the effect on stock prices— is the real story behind the Fed’s decision…

The U.S. economy added 164,000 jobs in July as the unemployment rate held at 3.7%, the Labor Department said Friday. The Dow Jones fell.

With many clients struggling with credit card debt, advisors use a range of tools to provide education and encouragement.

The Federal Reserve’s report on the economic well-being of U.S. households says that about 27 percent of those surveyed would need to borrow the money or sell something to come up with $400; an additional 12 percent wouldn’ t be able to cover the unexpected cost at all. A recent poll by the Associated Press and NORC Center for Public Affairs Research found that 23…

With Wall Street, it’ s always“ what have you done for me lately? After clamoring for the Federal Reserve to lower interest rates, big investors got their wish on Wednesday: The central bank, as widely expected, trimmed its benchmark rate by a quarter-percentage point, a move officials said they took to insulate a relatively healthy US economy from a global slowdown…

“Our estimate of average household income, based on Census and Bureau of Labor Statistics data, is at the highest level since 2000. Average nominal household incomes are nearly 57 percent higher today than in January 2000,” said Fleming.

Forty percent of non-retired Americans say that “how much income they’ll have in retirement” is the most important question they face about retirement. And eight in ten (80%) non-retirees indicate they lack a specific financial plan that they follow. One-third are not preparing for retirement because they don’t have enough time.

By ABBY VICK For AdvisorNews Attention Advisors: You are missing the boat, if you are not helping your female clients…

The Department of Labor issued a final rule expanding the availability of some multiple employer retirement plans.

Mr. Cohen is the first Chief of the Cyber Unit, created in 2017. “Rob has been a true leader in the Enforcement Division,” said Stephanie Avakian, Co-Director of the SEC’s Division of Enforcement. ” “The Cyber Unit has been a great success under Rob’s strategic leadership,” said Steven Peikin, Co-Director of the SEC’s Division of Enforcement. “

U.S. business economists expect the economy’s growth to slow this year, and a rising proportion of them think corporate sales and profits will decline. The National Association for Business Economics says its quarterly survey of economists about business conditions finds that the Trump administration’s tariffs on goods from China, Europe and other countries have disrupted the businesses of about one-fourth of its members.

According to a recent report form Standard& Poors, over the last 15 years 92% of domestic actively managed mutual funds underperformed their respective benchmarks. The significant fees associated with actively managed mutual funds makes it very difficult for fund managers to consistently outperform the market. The typical published expense ratio of an…

The U.S. economy slowed in the spring but continues to grow at a healthy pace that shows little sign of a recession. Consumer spending and federal government spending accounted for the bulk of U.S. growth as Americans bought heavily again in the spring and federal spending surged after the shutdown. This year it’s starting to fade, “said Michael Feroli, chief U.S….

In a report issued by the Brookings Institution, researchers propose to include deferred lifetime income annuities as a default in employer-provided 401 plans. Researchers Vanya Horneff, with the Finance Department at Goethe University; Raimond Maurer, with the Finance Department and Goethe University; and Olivia S. Mitchell, with the Wharton School at the…

You loan money to an entity and they give you an IOU for the most part. There are terms such as when you will get your money back, how you will get your money back, how much they might pay you in compensation for the loan and any other special terms and conditions, of which there can be many. Without going through all the specifics, just swallow the term IOU and you are well on…

The way people eat is changing, which means there is a giant market ripe for disruption and money to be made. However, most investors won’t profit from the disruption because very few of the companies driving the change are public and that’s unlikely to change anytime soon. Why it matters: The lack of public opportunities to invest in food disruption despite the ravenous demand is…

What sort of machine is the economy? Pessimists worry that one or two wrong moves from Washington will cause it to seize up. With Trump’ s policies, declared Stephen Moore,“ 4 percent growth can and should be the new normal in America.” After the president signed his big tax cut, Lawrence Kudlow said,“ We’ re on the front end of an investment boom.”.

Analysts and advisors expressed surprise at the announcement.

U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the Federal Reserve could reduce interest rates soon. Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year mortgage increased to 3.81% from 3.75% last week.

Elizabeth Warren on Thursday rolled out a plan to crack down on private equity firms as part of her broader push to take on Wall Street. “Let’s call this what it is: legalized looting— looting that makes a handful of Wall Street managers very rich while costing thousands of people their jobs, putting valuable companies out of business, and hurting communities…

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing and distributing annuity, life and health insurance solutions, has acquired a majority interest in Brookstone Capital Management (“Brookstone”), a leading SEC-Registered Investment Advisory (RIA) firm providing fee-based asset management services, creating one of the largest independent marketing and RIA organizations in the U.S.

More than one-third of the $1 billion new assets on the digital advice platform are from new clients.

Dallas Federal Reserve President Robert Kaplan has joined the chorus of central bank leaders hinting strongly that an interest-rate cut is coming at the end of July, but he does not see the need for additional cuts this year. I could see an argument for that, “Kaplan told The Washington Post in an interview Tuesday. Wall Street is pricing in nearly a 100 percent…

Defined contribution retirement plan sponsors would like to see broader financial wellness topics addressed in participant education, according to a survey by Voya Investment Management, titled, “Survey of the Retirement Landscape: Challenges and Opportunities for DC-Focused Advisors.” “We found that the issue of retirement readiness is more of an issue…

When you do something different, prospects notice.

Insider Q&A: This year is on pace to be one of the hottest on record, again, and the trend may only accelerate as the Trump White House loosens policies meant to combat climate change. That has some investors feeling anger, but others are seeing dollar signs, says John Streur, CEO of Calvert Research and Management, one of the largest families of responsibly invested mutual funds.

Patrick Harker, the former president of University of Delaware and head of the Federal Reserve Bank of Philadelphia, told the Wall Street Journal that he sees no need to lower interest rates. Harker does not sit on the committee of the Federal Reserve which votes on rate increases or decreases. However, all governors of the Federal Reserve participate in…

Water is easy to take for granted. It falls from the sky, and, though it’ s vital, we sometimes treat it as if it’ s worthless. “Water scarcity is a global phenomenon,” said Andreas M. Fruschki, portfolio manager of the AllianzGI Global Water Fund.“ And it’ s most pronounced in regions with the highest population growth,” like the Indian subcontinent and the Middle East.