Category: random
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Delta and American raise fees for checked bags
Delta has healthier food. But does it taste good? United and JetBlue did it. Now it’s Delta and American’s turn. Both airlines have raised the prices of the first and second checked bags by $5 each. The first checked bag will cost $30, up from $25, for flights in North America and to some other…
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How can I get downside risk protection with robo-advisors?
Robo-advisors are a smart way to invest your money, particularly in good times. But in a changing market, algorithms can leave you exposed. Here’s how to protect yourself.
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Wells Fargo plans to cut up to 26,500 jobs over three years
Buffett acknowledges Wells Fargo’s ‘cardinal sin’ Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills. CEO Tim Sloan said on Thursday that Wells Fargo (WFC) plans to cut 5% to 10% of its 265,000-person workforce. He…
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General Electric's turbine troubles raise more red flags
GE changed our lives. Why was it kicked out of the Dow? General Electric’s power problems just got worse, and the iconic company’s comeback efforts now look even more precarious. GE Power, the most troubled part of the slumping conglomerate, confirmed on Thursday that one of its gas turbines recently suffered a glitch at a…
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The Fed: Fed has to start considering the risk of a recession, former governor says
Bloomberg Laurence “Larry” Meyer, president of Monetary Policy Analytics, served on the Fed’s board under Alan Greenspan and remains an influential Fed watcher. The Federal Reserve has to start factoring in the rising risks of a recession to its policy actions, former Fed governor Larry Meyer said in an interview with MarketWatch. “We’re at a…
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Outside the Box: Don’t let your retirement go down the drain
I grew up in Denver with a water resource engineer for a father. We took short showers, turned the water off while brushing our teeth, had a pan of water in the kitchen sink to rinse dinner dishes with and were strongly encouraged to play in the summer sprinklers when the grass needed it. Who…
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How can I get downside risk protection with robo-advisors?
Why investors are stressed about the bond market How can I get down-side risk protection with robo-advisors? Robo-advisors have remade the investing landscape: they’re simple, low cost and passive investments almost always outperform active investments over the long term. For most people, the set-and-forget mode of passive investing will produce better results than trying to…
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How can I get downside risk protection with robo-advisors?
Why investors are stressed about the bond market How can I get down-side risk protection with robo-advisors? Robo-advisors have remade the investing landscape: they’re simple, low cost and passive investments almost always outperform active investments over the long term. For most people, the set-and-forget mode of passive investing will produce better results than trying to…
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Tilray is having a wild week. Is this a bubble for cannabis stocks?
Why this cannabis stock is skyrocketing Canadian cannabis stock Tilray has, to put it mildly, been on a strange trip. Tilray’s moves have been wackier than anything Harold and Kumar experienced on their trip to White Castle or Seth Rogen and James Franco’s adventures in “Pineapple Express.” Shares of Tilray (TLRY) have shot up nearly…
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The Moneyologist: My late partner left me with survivorship rights on our home, but her son wants to charge me rent
Dear Moneyist, Over five years ago I lost my life partner Jane to cancer. We never married, but lived together for over 25 years. Her adult son (Jim) from an earlier marriage is the executor of her will; I am next in line as executor. Jim has not closed probate and all of Jane’s assets…