Author: News Room

A surprising jobs report released last week paired with a volatile Japanese market led to a massive selloff during Monday’s trading day, with both the Dow Jones and the S&P seeing their worst sessions since 2022. In the Bureau of Labor Statistics’ most recent employment report, only 114,000 jobs were added, down substantially from the previous month when 206,000 jobs were added. This sudden slowdown in employment has led to mounting concerns about an economic recession. The selloff, largely set off by the report, has some uncomfortable similarities to market crashes like the 1987 Black Monday stock market crash and…

A smart use of any retirement savings you’ve set aside in Roth IRAs and/or Roth 401k accounts can help you reduce the income taxes you’ll pay during retirement and also boost your wealth for future needs and goals. This post looks at three possible ways to strategically use your Roth accounts during your retirement to make the most of your retirement savings. First, let’s learn some basic rules you need to know to understand these strategies. Basic Rules About Roth Accounts Anyone can contribute to a Roth IRA, provided you meet the eligibility rules summarized later in this post. You…

The US military cannot turn away enlistees who have HIV, a federal judge ruled Tuesday, striking down the final part of a controversial Pentagon approach to the condition that has been chipped away at in recent years. US District Judge Leonie Brinkema said the Pentagon’s ban on HIV-positive people seeking to enlist in the armed forces contributes “to the ongoing stigma surrounding HIV-positive individuals while actively hampering the military’s own recruitment goals.” “Modern science has transformed the treatment of HIV,” Brinkema wrote in her ruling, saying that “asymptomatic HIV-positive service members with undetectable viral loads who maintain treatment are capable of performing…

Stay informed with free updatesSimply sign up to the Fund management myFT Digest — delivered directly to your inbox.Franklin Templeton’s stock plummeted on Wednesday after it put a top bond investor on leave and disclosed that regulators have warned that he could face civil charges in federal investigations into suspicious trading.The $1.6tn manager’s stock fell 12.5 per cent on Wednesday as it announced that Ken Leech, who served as co-chief investment officer at its subsidiary Western Asset Management, has been put on leave.Franklin disclosed last month that the Securities and Exchange Commission and the Department of Justice were investigating Western…

Portfolio Quality Portfolio quality is a topic that often appears in the analysis of most net lease REITs (NETL). Beyond the analysis, the topic of quality is almost certain to trickle down into the comment section as readers opine on what makes for a “high quality” portfolio. Quality is a subjective concept and when subjectivity is applied to real estate, it seems to fall apart. Quality is usually relative. Something is superior to another. But, without a point of comparison, determining quality becomes difficult. REITs are so unique that the idea of quality begins to mean even less. We get…

Oil giant Halliburton said Wednesday it’s grappling with a computer system issue reportedly linked to a cyberattack. A person familiar with the matter told Reuters that Halliburton was hit by a cyberattack that appears to be impacting business operations at the company’s Houston campus and some global networks. Halliburton would neither confirm nor deny to CNN that it is the victim of a cyberattack, but the oilfield services firm did acknowledge an unspecified “issue.” “We are aware of an issue affecting certain company systems and are working diligently to assess the cause and potential impact,” a Halliburton spokesperson said in…

Robert F. Kennedy Jr. plans to drop out of the presidential race on Friday and endorse Republican nominee Donald Trump, NBC News reported Wednesday, citing two sources familiar with the independent candidate’s plans.Kennedy’s withdrawal from the race would end a longshot bid that nonetheless threatened to upend the major-party contest between Trump and his Democratic rival, Vice President Kamala Harris.The Kennedy and Trump campaigns are working on organizing a joint appearance, one of NBC’s sources said.Both Trump and Kennedy have events scheduled in the Phoenix, Arizona, area on Friday. Kennedy’s campaign has billed his event, set for 2 p.m. ET,…

Check out the companies making headlines in after-hours trading. Snowflake — Shares tumbled nearly 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue guidance. Snowflake reported fiscal second-quarter adjusted earnings of 18 cents per share, higher than the 16 cents per share expected by analysts surveyed by LSEG. Its revenue was $869 million for the period, higher than the $851 million expected by analysts. Urban Outfitters — The retailer fell roughly 4% after same-store sales disappointed analysts. Stores for the Urban Outfitters brand that were open for at least a year fell 9.3%…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 9, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

It is not a rare thing that as wealthy aging parents decline, some relatives seem to come out of the woodwork. They may not have spoken to Mom or Dad in years. But suddenly, they are so interested. They’ve learned one way or another that the parent is “losing it” and they see an opportunity. They’re after money. When an aging loved one has cognitive impairment, even in the early stages, they can be manipulated. Favorite Tactics of the Greedy Relatives We see a pattern in these cases. First the son, daughter, grandchild or other family begins to show inordinate…