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At the beginning of the year, the Fed was expected to increase interest rates in the midst of a booming economy. Now, just months later, it has reversed course, not just maintaining interest rates, but dropping them. They seem to know something we don’t know. Or, perhaps, the writing is on the wall and we’re
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A job seeker shakes hands with a representative during a Hiring Our Heroes career fair in Houston, Texas, U.S., on Thursday, Feb. 28, 2019. The U.S. Bureau of Labor Statistics released its new state level employment report on August 16, 2019. Photographer: Allison Hess/Bloomberg © 2019 Bloomberg Finance LP The federal government just released its
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Nvidia stock rose 7% on Thursday after hours, after the company reported better-than-expected fiscal-second quarter earnings. Here’s what the company reported: Earnings: $1.24 per share, excluding certain items, vs. $1.15 per share as expected by analysts, according to Refinitiv. Revenue: $2.58 billion, vs. $2.54 billion as expected by analysts, according to Refinitiv. Nvidia’s revenue fell
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U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services | Handout | Reuters An investigation into Jeffrey Epstein’s possible suicide attempt last month —
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WeWork’s parent company just filed for an IPO this week, and it could go public as early as Septmeber. The company joined the flurry of tech IPOs in 2019, but also revealed a massive $900 million loss in the first half of 2019, causing investors to worry about the downside risks. What if the economy
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The allegations by Madoff whistleblower Harry Markopolos of a $38 billion fraud at General Electric are “at best disingenuous” and “at worst highly inaccurate,” according to Nick Heymann, co-group head of global industrial infrastructure at the William Blair financial services firm. “You got the stock on sale yesterday for absolutely no basis. This is why
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Congratulations, you have finally signed your estate planning documents. Now, where do you keep them?   Many lawyers (myself included) will hold your original documents in their firm’s will vault. Years ago, that consisted of an actual vault or bank safe that was locked and fire proof. Nowadays, many law firms use fireproof, locked file cabinets.
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The Long Island City skyline from across the East River on September 19, 2017. (Photo by LUDOVIC MARIN / AFP) (LUDOVIC MARIN/AFP/Getty Images) AFP/Getty Images If Long Island City, N.Y. needed Amazon, you wouldn’t know it from continued robust development, sales and leasing momentum just across the East River from Midtown Manhattan. For many years
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President Donald Trump held a conference call with the CEOs of the three biggest U.S. banks as the stock market plunged Wednesday. Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America‘s Brian Moynihan and Citigroup‘s Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or 3%, in
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For anyone holding a long-term-care insurance policy, new allegations of financial trouble at one insurer may make you wonder what would happen to your policy if your underwriter went belly up. While insurance companies have been bolstering their reserves to cover future claims and raising premiums to counteract inaccurate pricing when the policies were first
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