Author: News Room

For those who wish to age in place at home, a first step often involves hiring someone to come in to help aging parents. Sometimes the elder is able to hire on their own, and sometimes family does so. At AgingParents.com, where we advise families about healthcare and legal issues, we normally recommend using a licensed agency to provide the workers. With well run agencies, the workers are background checked and the agency is licensed and bonded. No Close Supervision The issue we see is that the worker is placed in the home, with many long stretches of time when…

Florida Governor Ron Desantis’ recent policies and legislation on higher education and other areas are likely to drive students away from Florida’s colleges and universities. According to a new poll by Intelligent one in eight high school seniors in Florida say they will not attend a public college in the State. The key finding include the following: A survey done by Arts and Sciences, found that one in four students ruled out attending a college in a state because of the political climate in the state; this was true of both liberal and conservative students. Conservative students tended to rule…

Most of the panic from the mid-March bank runs seems to have dissipated. But, we caution, most of the real fallout lies ahead as banks move into restructure mode which will only serve to deepen the Recession. There are still some “Nervous Nellies” on the Street when it comes to the Regional Banks. On Wednesday, the stock price of one of the major Regionals (WAL) got trashed simply because in a press release by the bank, the deposit data wasn’t detailed enough. Nerves calmed later in the day when the bank updated its press release. We don’t expect a repeat,…

Gold and gold stocks are blasting higher, possibly indicating a belief among those buying that inflation is more of a lasting concern than the Fed’s ability to tame it. The price of the yellow metal — and the equities of a few companies that mine for it — is outperforming tech favorites like Microsoft MSFT , Google GOOG and Apple AAPL . The precious metals and some related securities just just hit new 52-week highs, something the well-known NASDAQ NDAQ leaders have been unable to do. Take a look at the weekly price chart for the SPDR Gold Shares: The…

The economist John Kay wrote in a paper on “Robust and Resilient Finance” that while “many aspects of the modern financial system are designed to give an impression of overwhelming urgency… only its most boring part – the payments system – is an essential utility on whose continuous functioning the modern economy depends”. His choice of word — utility — is interesting. Just like the electricity network or the water system, not only are payments a utility but they are also critical infrastructure: If the stock market shuts down for a day, life goes on, but if salary payments stop…

This article was updated on April 4, 2023 to reflect some new developments from one of the people mentioned in this report — Boris Mints. Only text around Mints’ case was updated. Sanctions were supposed to kill the Russian financial sector. It did, and it didn’t. It did insofar as any globally ambitious Russian money center bank or asset manager had their expansion plans curtailed by sanctions. Doing business as a Westerner with a Moscow or St. Petersburgh-based bank is next to impossible now. Sanctions hurt. “Because of the sanction environment, global banks, vendors, partners are extremely careful in dealing…

By Leika Kihara TOKYO (Reuters) -Haruhiko Kuroda took a slightly less dovish tack in his farewell as Japan’s central bank chief on Friday, ending a decade of unconventional policy that included a “bazooka” of stimulus aimed at boosting inflation and sustainable growth. Handing the reins of the Bank of Japan (BOJ) to academic Kazuo Ueda, Kuroda pointed to progress under his radical easy-money policy, which featured a push to change public perceptions with a wall of money and Peter Pan metaphors. “Japan’s 15 years of deflation has created a strong perception among the public that prices and wages won’t rise,”…

By Geoffrey Smith Investing.com — The dollar was testing a two-month low against its major partners early on Tuesday, still under pressure after weak data from the manufacturing sector on Monday that encouraged hopes of an early ‘pivot’ from the Federal Reserve. By 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six developed economy currencies, was down less than 0.1% from Monday’s close at 101.755. Expectations of a growth slowdown had already strengthened on Monday due to the sharp rise in oil prices after OPEC made a surprise 1.1 million barrel cut to its…

By Barani Krishnan  Investing.com — stockpiles fell sharply for a second week in a row, accompanied by large drawdowns as well in gasoline and distillates inventories as domestic refiners prepared for busy summer travels, weekly government data released on Wednesday showed. in storage fell by 3.739 million barrels during the week ended March 31, the U.S. Energy Information Information, or EIA, said in its Weekly Petroleum Status Report. In the previous week to March 24, crude stockpiles tumbled by 7.489M barrels. Analysts tracked by Investing.com had expected the EIA to report a crude balance decline of 2.329M barrels instead. Adding…

© Reuters. FILE PHOTO: JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs/File Photo (Reuters) -JPMorgan Chase & Co is being scrutinized by U.S. regulators for the due diligence the bank conducted on a number of its past acquisitions, the Financial Times reported on Friday, citing people familiar with the matter. The Office of the Comptroller of the Currency (OCC) scheduled a specific audit of JPMorgan (NYSE:)’s deal making after the bank bought dozens of smaller companies in 2021 and 2022, the report said. This comes after the U.S. government filed criminal charges accusing…