Author: super@dmin

Prime Minister Theresa May’s handling of Brexit has rattled her cabinet, leading to resignations from many of her Conservative Party peers since the negotiations have kicked off, as lawmakers were expressing their discontent with the way things were going. With the resignations and mounting pressure on May to retain enough votes and get a final…

Getty Images The Treasury Department’s OFR isn’t entirely sunny on the outlook to financial stability. The biggest threat to financial stability comes from the elevated level of the stock market and the sensitivity of bond prices to interest rates. That is the conclusion of the Treasury Department’s Office of Financial Research, which on Thursday published…

A month after new student debt forgiveness rules took effect, a new lawsuit is asking a federal judge to order the Department to Education to actually start helping scammed students. Wednesday’s lawsuit is demanding implementation of the so-called “automatic provision” in federal regulations meant to help students left deeply in the red by now-collapsed for-profit…

The latest earnings season seemed to contribute to the sharp selloff in stocks during October, as some companies reported bullish earnings that were more than offset by bearish guidance about future earnings prospects. Collectively, though, the S&P 500 SPX, +1.06%  results through the week ended Nov. 8 were 4.9% better than analysts expected during the…

When Americans were told they should have twice their salary saved for retirement by age 35, many were infuriated. Good thing they don’t live in Hong Kong or Germany. A recent Fidelity analysis looked at retirement savings milestones, and created an age-based guideline for each region. The Boston-based financial services firm looked at the U.S.,…

To annuitize or not to annuitize? Hardly the elegant alliteration of a Shakespeare. But, nonetheless, this remains an urgent question that nearly all retirees and soon-to-be-retirees face at one time or another. And, despite an enormous amount of ink having been spilled on the question over the last few decades, a consensus answer appears as…

Gold is supposed to provide a safe haven from stormy markets. A place that skittish investors can turn for comfort in the face of uncertainty. When volatility VIX, -4.61%  spikes and stocks begin to unravel, it’s the shiny stuff’s time to shine. In other words, now. This climate is (should be) time for gold bugs…

On Wednesday, bitcoin, the world’s most famous digital currency, plummeted more than 10%, crashing through $6,000 and trading to its lowest level since October 2017. By the end of the session bitcoin BTCUSD, -0.89%  closed down 11.6%, the third-largest decline of 2018, only topped by the 16.5% fall on Jan. 16 and a 15.5% slide…

Six U.S. senators introduced a bipartisan bill on Wednesday to put proxy advisors under the regulatory jurisdiction of the Securities and Exchange Commission. The Corporate Governance Fairness Act, co-sponsored by Democrats Jack Reed of Rhode Island, Doug Jones of Alabama, and Heidi Heitkamp of North Dakota as well as Republicans John Kennedy of Louisiana, David…

European markets suffered broad losses Thursday, after the resignation of the U.K.’s Brexit secretary and other departures triggered massive uncertainty over the country’s plans to exit from the EU and the future of the government. Banks were the hardest-hit sector, followed by insurers, with oil majors helping to balance the day. What are markets doing?…