Financial News You Can Depend On

The truth about 'greedy' seniors and the 'war' between generations


Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than “greedy geezers” stealing from young people “who are going to get...

Investing in the art world is now just a click away


Owning a piece of art is not just for the ultra-wealthy anymore.

T. Rowe Price to place a bigger bet on stocks in retirement funds


T. Rowe Price Group Inc said on Thursday it would ratchet up the risk in its target-date retirement portfolios, boosting stock allocations to as much as 98% for younger investors.

YOUR MONEY: Family offices lead the way on impact investing


When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only "do good" when he was actively giving the money away to needy causes.

SEC's shareholder advice proposal draws ire from Republican hedge fund donors


The U.S. securities regulator is on a collision course with powerful hedge funds executives, including former White House advisor Carl Icahn and Republican mega-donor Paul Singer, over a proposal...

Seniors deal with the harsh reality of debt


Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear.

New York State pension fund puts 27 coal companies under review


New York state's top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months.

Sovereign wealth funds move mainstream, make less contrarian bets


Sovereign wealth funds' investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder for them to make contrarian...

Valaris settles with Luminus, hands board seat to hedge fund


Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board.

To train more workers, companies turn to virtual reality


The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through.

Which company just hit $1 trillion? Google it.


As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in...

'Green is good.' Is Wall Street's new motto sustainable?


If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data


Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019,...

ValueAct's Ubben cheers BlackRock's new stance on climate change


Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies...

In next war, soldiers will leave their smartphones at home: Peter Apps


As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering...

Your money: Avoid divorce money regrets by taking control now


Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that...

Risk of pension meltdown grows due to inaction by U.S. Congress


The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.

Your Money: Ditch the Resolution - Do a year-end review instead


It is hardly a secret that people rarely stick to New Year's resolutions - only about 8% of people actually make it to the finish line with their goals, according to studies from the University of...

How risky ETFs won the decade - and why they might not repeat that performance


Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some...

Activist hedge fund Marcato Capital to shut down after drop in assets


Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on...

The Tell: Apart from the major indexes like the S&P 500, markets are behaving like it is late in the cycle, says Morgan Stanley strategist


You would have a hard time convincing someone looking at the major U.S. stock-market benchmarks that it is looking like the end of the cycle. Yet Andrew Sheets, chief cross-asset strategist at Morgan Stanley, says there are late-cycle indicators in current markets.

Who owns your company? NMC investors in London are finding out the hard way


The crisis at NMC has reignited the debate about the governance of overseas companies listing in London

Ordeal of U.S. investor in Moscow may end — but that wouldn’t mean Russia has turned business-friendly


The head of the Barking Vostok private equity fund could be freed in the coming months, according to the Bell. His experience confirms that Russia remains a high-risk country for direct investors.

NewsWatch: European stocks edge higher as China cuts lending rate


European stocks advanced on Monday, edging higher as China took further steps to limit the fallout from the coronavirus halting activity in the world’s second-biggest economy.

Market Extra: Here’s which markets are open, and closed, this Presidents Day


U.S. financial markets will stay shuttered on Monday in observance of Presidents Day.

The Moneyist: ‘I’m sick to death of him’: My 70-year-old boyfriend sits in front of the TV and has no savings — is it too late to tell him to go?


‘I own the house and I’m ready to just give it to him and walk away with my small retirement fund.’

The Wall Street Journal: More than 1,100 former Justice Department officials call on Atty. Gen. William Barr to resign


More than 1,100 former Justice Department employees are calling on Attorney General William Barr to resign, signing an open letter that criticizes Barr’s decision to reduce prosecutors’ initial sentencing recommendation for a confidant of President Donald Trump.

Europe Markets: European stocks edge higher as China cuts lending rate


European stocks advanced on Monday, edging higher as China took further steps to limit the fallout from the coronavirus halting activity in the world’s second-biggest economy.

Amid Covid-19 panic, thieves make off with hundreds of rolls of toilet paper in Hong Kong


Hong Kong hoarding, amid panic over rising cases of coronavirus, has led to toilet paper theft

London Markets: U.K. stocks boosted by China stimulus efforts


British stocks edged higher on Monday, with companies sensitive to Chinese demand getting a boost from the country’s efforts to limit the economic fallout from the deadly coronavirus.


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