Month: September 2017

Luke Sharrett | Bloomberg | Getty Images Racegoers sit in the stands at Churchill Downs while watching afternoon races on the eve of the Kentucky Derby in Louisville, Kentucky. America’s top 1% now control 38.6% of the nation’s wealth, a historic high, according to a new Federal Reserve Report. The Federal Reserve’s Surveys of Consumer
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While mutual funds and exchange-traded funds offer convenience, they have drawbacks, including lack of customization and transparency. And some are downright tax-inefficient. Investors who crave a more personalized approach but still want professional management might want to consider separately managed accounts. “Mutual funds are great, but you could say the same about penicillin,” said certified
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As a New Yorker, I am picky and personal about my pizza. I like a thin crust, fresh tomato sauce that’s not too sweet and whenever possible, fresh basil on the mozzarella. So it was with some reticence (and mild horror) that I found myself picking up a slice of pizza in downtown Manhattan recently
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U.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. Invesco is expected to pay between $1.1 billion and $1.3 billion in cash for the purchase, which has yet to be finalized, the newspaper said,
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China is “quite serious about living up to the commitments they have made regarding North Korea,” U.S. Commerce Secretary Wilbur Ross said on Wednesday. The order for mainland lenders to stop doing business with Pyongyang “is a logical next step in the sanctions, and a very important one,” he told CNBC’s “Squawk Box.” “Chinese commercial
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Singapore landed the top spot for the third year running in 2017, thanks to its strong performance across the full range of economic, experience and family criteria. The city scored especially highly with regards to improving earnings and job prospects. The average annual salary comes in at $117,904. This is $18,000 higher than the average
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The abrupt departure of Equifax‘s chief executive officer on Tuesday has not dampened the criticism of the company since it disclosed a massive data breach earlier this month. As in other recent corporate scandals, the departure of Richard Smith was swift if not inevitable. The credit reporting company said he was retiring effective immediately and
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James Dyson, the billionaire inventor of the bagless vacuum cleaner, said his company was building a “radical” all-electric car for launch in 2020, with a commitment to spend 2 billion pounds ($2.7 billion) on solid-state battery technology and vehicle design. Dyson said a 400-strong team of engineers had already spent two and a half years
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