Should you trust the adviser who's telling you what to do with your money?
Unfortunately, many should not. The sad story is that if you are like most Americans, you are easy prey for the money advice business that's involved with over $14 trillion of Americans' retirement savings.
Typically, people seek out professional advice about their ...Read more
When Donald Trump took the presidential oath Friday, the stock market was trading modestly higher with the Dow Jones industrial average up 97 points.
Prices then moved in choppy fashion as traders kept glancing at televised views of Trump's inauguration in Washington.
"It certainly was an all-eyes-on event," said Art Hogan, chief market ...Read more
WASHINGTON -- President Donald Trump called on all Americans to come together Friday, but he did not extend that invitation to the rest of the world.
Instead, Trump issued a loud decree "to be heard in every city, in every foreign capital" that he was reshaping the U.S. vision.
The priority was clear: "America first." The cheers were loud.
An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed mortgages, which are popular with first-time home buyers and those with poor credit.
The move by the Department of Housing and Urban Development -- one of the first acts of Trump's...Read more
SAN DIEGO -- Apple is suing Qualcomm for roughly $1 billion, saying Qualcomm has been "charging royalties for technologies they have nothing to do with."
The suit follows the U.S. Federal Trade Commission's lawsuit against Qualcomm earlier this week over allegedly unfair patent licensing practices.
The complaint, filed in U.S. District Court ...Read more
CHICAGO -- Walgreens has agreed to pay $50 million to the federal government and states to settle allegations that it illegally gave discounts to Medicare and Medicaid beneficiaries to encourage them to fill their prescriptions at Walgreens.
The federal anti-kickback statute prohibits giving anything of value to people covered by Medicare, ...Read more
NEW YORK -- Cable news networks had reason to feel bittersweet about the end of 2016 as Donald Trump's historic campaign for the White House drove their ratings to record levels. But in the days leading up to his inauguration as the 45th president of the United States, Trump's continuing love-hate relationship with them provided a compelling ...Read more
The week ahead promises plenty of news for investors. It'll be the first workweek for President Donald Trump and his administration. The heart of fourth-quarter corporate earnings season will begin. And the preliminary data on the 2016 American economy will be released.
The earnings reports and economic statistics very well may reflect a decent...Read more
Mill Village RoadLinda M. Simmons
Nine-year old April Dawn Tyler is thrilled to be friends with her classmate Hilda Jean Norton, who lives on Mill Village Road. She sees it as a place to live out her dream, a dream that does not involved her isolated farm life in the foothills of North Carolina. The ...
From affordable small SUVs to all manner of family sedan, sporty and luxury cars, the soon-to-conclude 2017 North American International Auto Show at Cobo Center in Detroit embodies the variety of vehicles on sale.
There's plenty of technology, too. Ford has a just-for-fun driving simulator that reproduces the thrills of driving its GT supercar...Read more
WASHINGTON -- The Consumer Finance Protection Bureau, or CFPB, sued TCF Bank Thursday, claiming that the bank tricked customers into paying a $35 service fee to cover each overdraft on their accounts.
The suit accuses TCF, headquartered outside the Twin Cities, of pushing overdraft services even as new federal rules prohibited overdraft charges...Read more
SEATTLE -- Costco will pay the U.S. government $11.75 million to settle allegations that some of its pharmacies improperly filled prescriptions for controlled substances, the U.S. Justice Department said Thursday.
The Justice Department alleged that Costco pharmacies filled prescriptions that were incomplete, lacked valid Drug Enforcement ...Read more
SAN JOSE, Calif. -- The National Highway Traffic Safety Administration said Thursday it has closed an investigation of a fatal Tesla Autopilot Tesla crash, finding no defects and declining to issue a recall notice.
The six-month investigation into the nation's first self-driving vehicle fatality found no problems with the design or performance ...Read more
SEATTLE -- In some corners of the high-tech workplace, Amazon.com is more popular than Google.
Services built by Amazon Web Services, Amazon's cloud-computing division, were the fourth most popular workplace web application in November, up one spot from a year earlier.
That's according to Okta, a San Francisco company whose products help ...Read more
Venturing into the world of entrepreneurship can be exciting. But, the early days of a business are also the time when your venture is most vulnerable to failure. About 25 percent of startups fail within a year, and 50 percent fail within the first four years, according to figures from Statistic Brain.
Several hidden traps can cause startups to...Read more
Q: I recently had a new fence installed, and I am pretty unhappy about it. The wood quality is terrible, as if they used seconds. The salesman said this is the way the fence should look. I have only paid half the total cost. Should I ask them to repair/replace anything before I pay the balance?
A: Since I haven't seen your fence, it's hard for ...Read more
WASHINGTON -- Republicans are raising the prospect of making the biggest change to home loans since the New Deal.
Two of President-elect Donald Trump's Cabinet picks, along with Republican lawmakers, have been speaking publicly about curbing government backing for the kind of loan that the majority of Americans rely on to buy a house: the 30-...Read more
WASHINGTON -- In some of the states where economic frustration propelled Donald Trump to the White House, the jobs he promised were already coming back before he started making deals.
For the first time in decades, areas of the Carolinas that had been crippled by the loss of the textile industry are getting some of those jobs back from China. ...Read more
MINNEAPOLIS -- Target executives revealed that holiday sales were worse than expected and lowered their outlook for fourth-quarter results.
Comparable sales in November and December dropped 1.3 percent as the retailer continued to get less traffic to its stores, a trend that started last spring. Online sales were strong but could not make up ...Read more
As digital customers bypass bank branches--and after its phony-accounts-for-cash scandal--Wells Fargo bank closed 84 of its 6,300 branches last fall, and plans to close 200 this year, plus 200 next year, chief financial officer John Shrewsberry told investors at the company's year-end conference call last week.
Wall Street's reaction: Is that ...Read more
REDWOOD SHORES, Calif. -- Technology company Oracle has discriminated against women, African Americans, Asians and non-Asians in its employment practices, the U.S. Department of Labor said Wednesday after filing a lawsuit.
"The leading technology company has a systemic practice of paying Caucasian male workers more than their counterparts in ...Read more
- HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office
- Gail MarksJarvis: Investment advice? Or sales pitch? New rule will make that clear for investors
- Costco to pay $11.75M over handling of opioids and other drugs
- Trump's call to 'buy American' raises specter of trade wars
- Walgreens to pay $50M to settle claims that it violated anti-kickback law