It is the painful truth Wall Street doesn’t want you to know. All that time you spent researching mutual funds and comparing star ratings in hopes of the finding a Warren Buffett was a waste. You would have been better off watching cat videos and creating memes to cyber shame United Airlines. You could have beaten 90% of mutual fund managers the past 15 years by investing in plain-vanilla....More>>>
The promise of Trump tax cuts excites many, and is already triggering some ‘pay me in 2017’ requests. Yet voters just passed higher California taxes, at least until 2030. California’s Proposition 55 extended the “temporary” 13.3% tax rate on California’s high-income earners, the highest marginal tax rate in the nation. Well, it’s only temporary,....More>>>
NEW YORK Stocks fellWednesday as the Dow dropped more than 100 points, putting more distance between the blue chipsand that elusive 20,000 mark.
Dow 20,000 has been in sight for several days now, with the index getting as close as a couple of dozen points from the milestone but never reaching it.
At the 4 p.m. ET close, the Dow stood0.6% lower for the day, off 111points and 166away....More>>>
Payless ShoeSource unveiled a second round of store closings as its bankruptcy reorganization moves forward, bringing the total number of locations to be closed this year to about 800.
The discount shoe retailer filed for Chapter 11 bankruptcy in April and said it was closing about 400 locations, including 378 in the U.S.
The company is now asking a federal bankruptcy judge to let....More>>>
Financial planning software provider RightCapital announced on Tuesday that it has enhanced its platform to make it easier for advisors to comply with the Department of Labor’s fiduciary rule, as well as address clients’ retirement income, annuities, Social Security optimization and tax-efficient drawdown planning needs.
RightCapital was founded in 2015 by Shuang Chen and his....More>>>