Tuesday, August 12
Markets started strong Monday, but stagnated over the day as what appeared to be good news on the geopolitical front turned increasingly neutral. Trading was particularly light as investors waited for greater clarity on a variety of geopolitical issues.
Early Monday, Russian President Putin announced his intention to...
We're only a week into August, but it’s already a month that will go down in infamy at Bank of America.
The firm agreed temporarily this week to a record-setting $16-17 billion settlement over mortgage misconduct in the build-up to the 2008 financial crisis. This projected settlement comes on the...
One of the cardinal rules mutual fund investors follow is the avoidance of ‘load’ fees—essentially, the sales charge associated with joining a fund. Unfortunately, that leads these investors into perhaps a bigger mistake.
That’s because they’re overlooking two more fees funds assess. One is covered in the prospectus, but the...
Most websites on investing and financial planning can’t wait to tell you about two things—the record highs of the Dow Jones Industrial Average or S&P 500, and the impressive levels of growth expected in our nation’s economy in the coming months.
So why did the United States’ GDP drop in...
The Department of Labor is once again forced to delay the passing of new legislation that would impose a fiduciary standard on advisors working with the retirement assets of millions of Americans.
The rule, which seeks to raise the standards of practice for investment advisors, was first introduced in 2010...
For decades, Wall Street has been a breeding ground for corruption and foul play when dealing with the assets of Americans nationwide, and a recent finding reveals that it has risen to a whole new level. Evidence has surfaced that demonstrates how high frequency traders on Wall Street are...
Last week, a journalist by the name of Kevin Roose published an investigative article in which he revealed his findings of when he infiltrated a Secret Society of Wall Street titans at their annual black-tie induction ceremony.
What did he find out about Wall Street’s secret fraternity called Kappa Beta...
In theory, the price of shares across the stock market is a reflection of economic health. If stocks are up, business is thriving— or so we thought…
Recent market volatility is showing some tell-tale signs that it is not grounded by a sturdy economy, which leaves the fear that it...
For many, Jim Cramer is just another familiar face that you have seen in the media. Because of this, we recognize him as someone carrying a reputation as an expert on the complex subject of investment finances.
It is because of his public persona that the general public tends to...
A new bill was passed in the House this month that aimed at preventing Federal regulators from establishing new rules on Wall Street to increase accountability on the professionals that manage retirement savings.
The bill, titled the Retail Investor Protection Act, was created in response to the Department of Labor(DOL)’s...
