Bain Capital is liquidating its Absolute Return Capital hedge fund after more than three years of losses, citing a “challenging” environment for macro trading. The fund, run by Jonathan Goodman and Jeff Woolbert, had about $2.2 billion in assets as of...
Will the Federal Reserve raise interest rates by the end of the year? You get a very different answer depending on the source. Eighty-four percent of economists surveyed by Bloomberg expect an initial interest-rate increase in December, according to a...
The credit cards in most Americans’ wallets are pretty much antiques. They’re easy to counterfeit, thanks to magnetic strips that rely on basically the same 1960s technology used in cassette tapes. At last they're getting an upgrade, giving them the technology,...
A lot of financial hurdles come across our life as we age. One in particular is Social Security. This is a system that for most, have been paying into his/ her entire working career. Now it’s time to collect the...
And now… today’s Penning for your thoughts… Good day, and a marvelous Monday to you! Regarding the global economy, us old timers know better than the central planners of each country. There’s been a structural shift in the global economy, and the...
The Federal Reserve’s interest-rate-setters opted for caution when they voted not to raise rates at today’s meeting. On some measures, things look better than when the rate-setting committee last met in June. The committee’s median growth forecast for 2015 has...
Mobile homes will not be easily moved out of California's hottest real-estate markets. The free market wouldn't plop down a trailer park just a few miles from downtown San Jose. At least not today, in a sharply spiking housing market that has made the metropolitan area...
Men are short of a standard goal by $270,000. Women? Half a million dollars, according to a new report. So here's what you need to do: Just save a lot more while earning a lot less. While both men and...
Is it time to start saving for college? 529 Plans are one of the most popular investment tools for college savings, but how flexible is the plan? Would if your child decides not to go to college or gets a...
School costs – uniforms, notebooks, gym clothes – are soaring in recession-hit Russia, and pupils and parents are griping over the unwelcome changes in their classrooms. The first day of school is always a really big deal in Russia. Parents...
Nary a week has gone by this year without news of China’s extraordinary injections of cash into its own economy. The central bank has pumped hundreds of billions of yuan into the financial system through an admixture of short-term, open-market...
The U.S. economy added 173,000 jobs in August, lower than expected, in a report that gave fuel to both sides of the rate-hike debate, the Bureau of Labor Statistics reported Friday. In addition to the new jobs, the unemployment rate...
Stockmarket turmoil in China need not spell economic doom. But it does raise questions far beyond the country’s shores. The ability to make stockmarkets boomerang is usually reserved for central bankers. But on August 24th, hours into a global market...
Housing Options Description:As we age one needs to consider the overall comfort in his/ her home. This video introduces the different housing options one should consider and plan for, in addition to some home safety tips. -Source: Legg Mason, Johns...
Thanks to our great Clients, Partners, Colleagues, Family and Friends, we're celebrating the completion of our first year in business. We've built a lot of great relationships already, and we're looking forward to strengthening them even further. Thanks for helping...
