A resident pushes a stroller in the Clifton neighborhood of Staten Island in New York October 25, 2014. REUTERS/Darren Ornitz The Bank of Mom & Dad is busy these days. More »
People walk through the newly opened Liberty Park above Liberty Street on the World Trade Center site in the Manhattan borough of New York, U.S., June 29, 2016. REUTERS/Andrew Kelly Newly empowered Republicans in Washington are not retreating from their battle... More »
Journalist Stephen J. Dubner, co-author of the books Freakanomics and SuperFreakonomics, speaks during the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, 2011. REUTERS/Steve Marcus It might not make a lot of sense to our grandparents, bu... More »
A man sits at a health insurance enrollment event in Cudahy, California March 27, 2014. REUTERS/Lucy Nicholson Anyone nearing retirement – or already retired – should pay very close attention to the doings of the 115th Congress that was sworn in this week. More »
FILE PHOTO: Asahi Super Dry beer cans are displayed at the Asahi Group Holdings headquarters in Tokyo, Japan, May 17, 2016. REUTERS/Toru Hanai/File Photo Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy... More »
Pamela Meyer, lie detector, speaks during Session 6: The Dark Side, during TEDGlobal, in Edinburgh, Scotland, July 13, 2011. Photo: James Duncan Davidson/TED to-last paragraph) More »
Handout photo of Anthony Sosnick provided by Anthony Brands. Anthony Brands via REUTERS By Cheryl Lu-Lien TanNew York (REUTERS) – When Anthony Sosnick was a real estate developer at the turn of the millennium, he took a little detour. More »
U.S. President-elect Donald Trump speaks at his election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Carlo Allegri Donald Trump’s tax repatriation plan will create jobs, but far more – and more likely – ones for financial engineers rath... More »
Graduating students of the City College of New York cheer during the College’s commencement ceremony in the Harlem section of Manhattan, New York, U.S., June 3, 2016. REUTERS/Mike Segar At a moment of sharp national division, here is a bit of good news: young ... More »
Entrepreneur John Paul Dejoria from ”Follow the Leader”, participates in a CNBC Primetime panel during the Television Critics Association (TCA) Cable Winter Press Tour in Pasadena, California, January 14, 2016. REUTERS/Danny Moloshok Most entrepreneurs dream o... More »
Barbara Sallick in an undated photo. REUTERS/Courtesy Waterworks Lien Tan More »
A mutual fund which keeps portfolio turnover low may be simply a mutual fund which keeps missing opportunities. More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Retirement security already looked like a looming train wreck for most U.S. households before Election Day. Now, the consolidation of R... More »
Writer James Patterson poses to promote the new movie ‘Alex Cross’ based on his novel ‘Cross’ at the Four Seasons in Los Angeles, California, October 6, 2012. REUTERS/Bret Hartman Writers need good stories to stoke their fiction. What better way to get materia... More »
Jim Kennedy chariman of Cox Enterprises. REUTERS/Cox Enterprises Vast family fortunes may be rare, but here is something even rarer: Family fortunes that last. More »
A couple tries to hold on to an umbrella flipped inside out at a sea front off the coast of the Arabian Sea, in Mumbai June 14, 2013. REUTERS/Danish Siddiqui When it comes to love, money has nothing to do with it. Right? More »
Mary Anne Ehlert came by her expertise in financial planning for special-needs families the hard way: she has lived through the challenge herself. More »
An AT&T logo is seen at an AT&T store in New York City, October 23, 2016. REUTERS/Stephanie Keith When Time Warner Inc’s (TWX.N) Jeff Bewkes welcomed AT&T Inc’s (T.N) Randall Stephenson for lunch at Time Warner Center in New York in late August, their meeting ... More »
Clouds move over the Riyadh skyline November 17, 2013. REUTERS/Faisal Al Nasser (The opinions expressed here are those of the author, a columnist for Reuters) More »
A graduating student of the City College of New York wears a message on his cap during the College’s commencement ceremony in the Harlem section of Manhattan, New York, U.S., June 3, 2016. REUTERS/Mike Segar (The opinions expressed here are those of the author... More »
A customer counts his U.S. dollar notes in a bank in Cairo, Egypt March 10, 2016. REUTERS/Amr Abdallah Dalsh Monetary policy in developed markets like Japan and Europe is failing, and faltering in the U.S., in substantial part because globalization has altered... More »
Leon G. Cooperman Chairman, Omega Advisors, speaks on a panel discussion at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 9, 2013. REUTERS/Rick Wilking On Oct. 5, the U.S. Supreme Court will hear oral arguments on a question that has cre... More »
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo If investing in commodities invol... More »
Journalist Fareed Zakaria speaks to Prime Minister of Malaysia Najib Razak during an interview at the Council of Foreign Relations during the United Nations General Assembly in New York September 26, 2013. REUTERS/Joshua Lott If there is one subject at the for... More »
A screen displays The Dow Jones industrial average after the close of trading at the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2016. REUTERS/Brendan McDermid The warning is posted in fine print at the bottom of all mutual fund advertiseme... More »
DETROIT Melissa Byers and Rich Rauh began stashing away money in 529 college savings accounts for their sons not long after they were born. When their older son graduated from the University of California, San Diego, a public university, he still had money ava... More »
NEW YORK In a conservative suit and tie, Jim McCann does not look like a hippie. But the founder of 1-800-Flowers is using flower power to push a powerful social agenda. In June, McCann transitioned to the role of chairman of the company he founded 40 years ag... More »
TOKYO Japan’s aging population may be bad for the economy but it is giving dealmakers a break. As more owners of small and medium-sized businesses reach their golden years without grooming a successor, some are turning to private equity firms for capital and m... More »
NEW YORK It only took two days of the Pokemon Go craze to make Shama Diegnan start fearing for her wallet. The 11-year-old son of Diegnan, a digital marketer from South Orange, New Jersey, had on Monday downloaded the popular app, an augmented reality game in ... More »
(Note graphic language in 21st paragraph) By Chris Taylor NEW YORK Scooter Braun made his name as the man who discovered music phenomenon Justin Bieber nearly 10 years ago. Today, the talent roster of his management firm works with a number of big names, like ... More »
CHICAGOYou have heard of greedy geezers: that mythical army of militant seniors out to defend their Social Security benefits at any cost, even if it robs their own children and grandchildren of their futures. The greedy geezer trope, invented by now-retired Se... More »
NEW YORKFormer supermodel Kathy Ireland has a very familiar face, but these days, it is her apparel and home furnishing brands that grab attention. For someone who was not taken seriously in the business world at first, Ireland now has a net worth of almost a ... More »
NEW YORK For college graduates entering a challenging job market, some of whom are carrying tremendous student loan debt, any gift to help them better manage their money is both practical and welcome. The following are three ways to help recent graduates find ... More »
NEW YORK Out of sight, out of mind? Not for Americans at tax time. Unlike most other countries, Uncle Sam requires its estimated 7 million expatriates, whether citizens or resident aliens, to file an income tax return with the Internal Revenue Service. Those l... More »
NEW YORK Debt may be a drag for millennials, but apparently not as much as cooking their own dinner. A survey from Citizens Bank found that fewer than half (47 percent) of millennials, those in the 18-35 age group, who are college graduates, would be willing t... More »
NEW YORK With U.S. gasoline selling under $2 a gallon, food prices relatively flat and Wall Street bond traders betting on 1.5 percent annual inflation as far the eye can see, it may seem like the wrong time to worry about rising consumer prices. But some voic... More »
An obscure corner of the U.S. IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the domain of only a few underwriters and hedge funds, for better fortunes. These speci... More »
NEW YORK As crowdfunding sites like GoFundme.com and Indiegogo.com started to take off, New York City editor Brandon Wenerd was more than happy to donate to worthy causes, like the kid with stage-four kidney cancer who wanted to travel the world. Soon Wenerd, ... More »
CHICAGO Denial is not just a river in Africa. It also is a powerful driver of how Americans think about their prospects for a secure retirement. A new survey of retirement confidence published on Tuesday confirms that many workers lack realistic plans for maki... More »
CHICAGO Seniors living in Manhattan spend an average of nearly 25 days a year at doctor visits or at a hospital. But in Lebanon, New Hampshire, contact with the healthcare system is far lower – just 10 days on average. New Yorkers probably are not that much si... More »
NEW YORK Ian Wishingrad may only be 30 years old, but he already considers himself an investing veteran. So when the market began to swoon in early 2016, he kept his cool. It certainly helped that Wishingrad had someone to hold his hand. He works with a financ... More »
NEW YORK In an increasingly anxious world, more financial advisers are fine-tuning their bodies with yoga to clear their thinking and make the right financial choices. So the next time you walk into a financial planner’s office, do not be surprised if you find... More »
The 2016 U.S. presidential election may succeed where the world’s central banks have failed, but not as they would wish: in bringing back inflation through protectionism. One of the most striking aspects of the election campaign is the way in which Donald Trum... More »
Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. While these activist hedge funds have already targeted some major financial companies,... More »
NEW YORK Twenty-eight year old Margaret Davis was making nice money as a writer in the legal department of a big pharmaceutical company in New York. She liked her coworkers and enjoyed the job on a day-to-day basis – except it was not going anywhere. The compa... More »
CHICAGO The U.S. stock market may give us a rocky ride in 2016, but the year is shaping up to be a good one for retirement savers. At long last, investment advisers may be required to put your best interests ahead of their own. The U.S. Department of Labor is ... More »
CHICAGO The interest rate hike announced today by the Federal Reserve is a major milestone for retirees, who have been caught between a rock and hard place ever since the Great Recession, with zero interest rates and higher-than-average inflation. The Fed’s qu... More »
LOS ANGELES For everyone who has been saying interest rates can only go up, well – now is their time. But what does the Federal Reserve’s decision to raise interest rates actually mean for your wallet? Probably not much for the near-term. One small interest ra... More »
In the race to compete with low-cost, online algorithm-based investing services, financial advisers are constantly bombarded by sales pitches about the latest and greatest in financial technology. And they’re buying. In North America, adviser spending on digit... More »
CHICAGO The sound of gunshots in Harlem in 1997 was nothing new to Jamal Joseph, who was then a 44-year-old filmmaker living in the New York City neighborhood. “You’d hear gunshots every night,” he recalled. “The crack epidemic was raging- the neighborhood was... More »
Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to under... More »
The U.S. Supreme Court’s June decision to legalize same-sex marriage did not eliminate the unique financial planning needs of lesbian, gay, bisexual and transgender (LGBT) clients. For years, same-sex couples in domestic partnerships needed financial advisers ... More »
The U.S. jobs data were a bust, China remains a threat, the Fed won’t hike until, well, don’t ask, and bad news is good news for the stock market once again. Stocks plunged and then rallied back to gains on Friday after payrolls data showed not just declining ... More »
Now that the U.S. Federal Reserve has held back again on interest rates, advisers are taking advantage of attractive financing options before that window begins to close. Mortgaging property when rates are low is well-known advice. But unprecedented transparen... More »
LOS ANGELES Millennial parents are far more likely than their predecessors to save for their children’s educations and far more of them want to pay the whole tab for college, according to a survey. Whether they will be able to do so is questionable, though, gi... More »
We may well not get a global recession in the coming year or two but if we do, bank on one thing: an inadequate policy response. Citibank Chief Economist Willem Buiter attracted attention this week with a call for a 55 percent chance of a global recession some... More »
(The writer is a Reuters contributor. The opinions expressed are his own.) By Chris Taylor NEW YORK (Reuters) – For parents who dream their child will become a prodigy and stun the world with their brilliance, Chloe Hui has a message for you: Be careful what y... More »
As the fall wedding season begins, advisers should make sure they have a comprehensive plan to help clients who are getting married. Advisers need to look at the big picture, like if the couple’s retirement goals align, and the nitty gritty, such as insurance ... More »
NEW YORK Before they found fame, or found each other, what did celebrity couples like Dr Phil and Robin McGraw do in their first jobs? In the latest in Reuters’ monthly ‘First Jobs’ series, we talked to couples who work as TV personalities, actors, models or a... More »
College and professional athletes may be clients financial advisers love to get, but many also find good homes on the other side of the desk. Penn Mutual Life Insurance Company, for example, is discovering that its three-year, $1.5 million sponsorship, through... More »
(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft (Reuters) – Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Monday’s savage markets selloff inev... More »
NEW YORK Hey, remember that newsletter that let you sign up for a free trial? Didn’t think so. How about that old domain name you registered, or your kid’s gaming membership, or the magazine subscription that was initially offered as a freebie. Forgot about th... More »
LOS ANGELES Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring. The grim reality is that the federal PLUS loan program allows parents to borrow far more than they can comfortably, or even ... More »
China’s massive foreign currency reserves are dwindling at a more than half-trillion-dollar annual pace, a trend which may tighten global credit conditions. China’s central bank said its reserves fell by $43 billion in July to $3.65 trillion, in the first ever... More »
NEW YORK A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months. “I’m really bad at planning for unexpecte... More »
LOS ANGELES A new study by student lender Sallie Mae found the average amount spent on college education in the United States jumped for the first time in five years, thanks to greater outlays from high-income families and parental readiness to spend more. Fam... More »
(This column has been corrected to fix spelling of co-author’s name to Straehl in seventh paragraph) By James Saft More »
NEW YORK Which would you prefer: Naked pictures of yourself circulating on the Internet or a breach of your financial data? According to a new survey from Mastercard, 62 percent of Millennials would rather have their nude photos leaked online than have their f... More »
CHICAGO Friday’s U.S. Supreme Court ruling on same-sex marriage will give a huge boost to the retirement security of LGBT Americans. That will be especially true in the realm of Social Security – where it pays to be married. The ruling will affect everything f... More »
