American adults’ hesitancy to share how much they make can hinder healthy financial growth as a couple, said Andrei Cherny, co-founder and CEO of Aspiration. “Money has traditionally been a taboo topic in America and people don’t like to discuss it because it makes them uncomfortable,” Cherny said. “However, this unfortunately results in many Americans…
March 12, 2018
Although acknowledging potential leverage risks, he said banks have room for growth and improved efficiency. In 2012, China commenced an anticorruption campaign and last year alone saw 527,000 people punished. “This will be good for these banks, because they’re going to have to reform and investors should do fairly well,” he said. Government policy is…
March 12, 2018
According to state officials, the high-speed rail project has already created more than 1,500 construction jobs for work in the Central Valley, from building elevated track structures and performing rail trenching to adding bridge crossings. The labor group estimates there will be thousands of additional jobs created due to the project in future years. But…
March 12, 2018
Companies have been feverishly putting the savings they reaped from the tax breaks passed in December into their investors’ pockets this year. Share buybacks in 2018 have averaged $4.8 billion a day, double the pace for the same period last year, according to market data firm TrimTabs. That comes following Congress’s move to slash the…
March 12, 2018
Index funds have a reputation for the low costs associated with them. But buyer beware: Your 401(k) plan provider could be marking them up to make them cost more than you think, according to Josh Robbins, chief strategy officer at America’s Best 401k. One sure-fire way to tell if your provider has raised the prices…
March 12, 2018
Not even PresidentDonald Trump‘s new tariffs can bring down the 9-year bull market, according to Wall Street veteran Edward Yardeni. “Bear markets are caused by recessions,” Yardeni told CNBC’s “Power Lunch” on Monday. “It would have to be an event, in my mind, that causes a recession.” Yardeni, president and chief investment strategist at Yardeni…
March 12, 2018
When President Donald Trump will visit the border wall prototypes Tuesday in San Diego County, he may have a favorite design in mind, but getting the votes in Congress to secure financing still remains a hurdle. Then again, one California farm leader in the state’s Central Valley — the biggest agricultural region where growers and…
March 12, 2018
Banks have to be like technology companies, the CEO of Southeast Asia’s largest lender said on Tuesday, amid rising competition from rivals such as Chinese tech giant Alibaba with its rapidly growing financial services. This means that banks have to do a few things: “Embrace” the same technology as they do, and change their culture…
March 13, 2018