For the sake of liquidity (tax-favored accounts tend to be subject to tax penalties), you will want at least one tax-exposed account. Examples include money for a major business (buy out the boss), or personal outlay (second home), or a Tier 3 cash reserve. But let’s say that you need an equities component to enhance…
The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 5.1)
July 24, 2023
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San Francisco ‘Nowhere Near What It Used to Be’: Risk Consultant
San Francisco’s empty office spaces and fleeing businesses are impacting the city’s economic health. Office workers going remote have reduced the city’s tax revenue by almost half a billion dollars. NTD speaks to a risk consultant to find out some potential challenges the city is facing, and what the causes are. …
Wall Street Rises Ahead of Megacap Growth Results, Fed Decision
Wall Street’s main indexes crept higher at the open on Monday as investors braced for earnings from megacap growth and technology companies, while focusing on a rate decision from the Federal Reserve later this week. The Dow Jones Industrial Average rose 3.10 points, or 0.01 percent, at the open to 35,230.79. The S&P 500 opened…
Trump’s Trade Chief Lays Out Plan to Beat China at Its Own Game
July 24, 2023
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Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In his recent interview with EpochTV’s “American Thought Leaders” program, he outlined a playbook to beat China at its own game through strategic decoupling, very much the same thing China has been doing to the…
Euro Drops After Weak Business Activity Data, Central Banks in Focus
SYDNEY/LONDON—The euro slid on Monday after activity data in key economies came in much softer than expected, giving markets a jolt at the start of a week packed with central bank meetings at which investors expect rate hikes in Europe and the United States. The European common currency fell 0.4 percent to $1.1083, skidding after…
Oil Prices Steady as Rate Hikes Expected, Supply Tight
LONDON—Oil prices were steady on Monday as traders expected more rate hikes from U.S. and European central banks, but tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a barrel. Brent crude futures rose 4 cents, to $81.11 a barrel by 0644 GMT. U.S. West Texas Intermediate (WTI) crude was at…
Huge Stakes in Court Battle for Hancock Mining Spoils
A court battle over billions in iron ore riches is underway, as Australia’s richest person Gina Rinehart defends her fortune amid a bitter legal dispute over her father’s legacy. Ms. Rinehart’s two eldest children and former business partners of her late father, mining pioneer Lang Hancock, are fighting for multibillion-dollar stakes in a lucrative iron…
Elon Musk Reveals New Black and White X Logo to Replace Twitter’s Blue Bird
LONDON—Elon Musk has unveiled a new black and white “X” logo to replace Twitter’s famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. Mr. Musk replaced his own Twitter icon with a white X on a black background and posted a…
Weak PMIs, Spain Election Uncertainty Dent Sentiment
July 24, 2023
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London—World stocks slipped on Monday, with weak business activity data and an inconclusive election result in Spain weighing on sentiment in Europe ahead of a central bank-packed week for markets. German business activity contracted in July, increasing the likelihood of a recession in the second half of the year, the German Flash Composite Purchasing Managers’…
Many Americans Lack Basic Knowledge About Home Ownership: Survey
Many Americans lack knowledge of basic concepts about home ownership, including misconceptions about mortgage terms and knowledge about home buying, maintenance, and renovation, as well as home building, a new study has revealed. The study was conducted in May by Lombardo Homes, a Midwest home builder specializing in new construction in Michigan and Missouri, which surveyed…
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