Last week, the Department of Labor succumbed to pressure from the financial industry and Congress by extending the comment period on a proposal to impose a fiduciary duty on brokers working with retirement accounts.
Despite the 15-day extension agreed upon by Labor Secretary Thomas Perez, many Wall Street figures remain...
This morning, the Commerce Department released the preliminary figure for 1st quarter Gross Domestic Product (GDP), and the results were not encouraging.
The initial reading shows that the economy grew at a snail’s pace—0.2%—in the first quarter, an outcome even more disappointing than the anticipated 1.0% growth experts predicted.
It’s no...
Wall Street has plenty to be thankful for this Thanksgiving. Stocks continue to break records, even as the recent rally slows considerably. On Monday, the S&P 500 broke its all-time high for the 43rd time in 2014.
But Tuesday morning’s economic reports cast a cloud over the market. The good...
When President Trump signed the SECURE Act into law in December of 2019, saving for retirement received a boost from Washington’s legislators. While some aspects of the law adversely affect seniors and their beneficiaries, the law is seen as a victory for the working class. Similarly to...
2014 was another historical year for Wall Street. The blue-chip Dow Jones Industrial Index reached its all-time high 37 times, while the broader S&P 500 reached a new apex on a whopping 52 occasions!
So it might surprise you to learn that it was actually a below-average year for the...
Despite widespread support for a measure that would force brokers to put their clients’ best interests first when managing retirement accounts, it appears that the powers on Wall Street are poised to get their way once again.
The House Appropriations Committee introduced a bill on Tuesday that would effectively stop...
Today, the American public is focused on the mid-term elections—and rightfully so. All 435 seats in the U.S. House of Representatives are up for grabs, as are one-third of Senate seats. In addition, 36 of 50 states will have their governorships determined Tuesday.
These elections will go a long way...
