Financial related news.

401(k)s hit records as workers sock away more, stocks jump

NEW YORK (AP) — How’s your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like 90 percent or 95 percent. The average 401(k) did indeed hit a record last year, although its growth was considerably less than that. The average 401(k) balance rose 17 percent [...]

By | 2020-02-20T10:14:02+00:00 Tuesday, February 18, 2020|

How’s the economy? Fed increasingly turns to private data

WASHINGTON (AP) — About a year ago, Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed to know if the turmoil was chilling consumer spending. Problem was, a partial shutdown of the government had halted the release of most economic data. So Fed officials did something [...]

By | 2020-02-11T08:45:14+00:00 Monday, February 10, 2020|

Economy grew modestly in last quarter of 2019 against a hazy outlook

WASHINGTON (AP) — The U.S. economy expanded at a moderate 2.1 percent annual rate in the final three months of 2019, capping a year when a weak global landscape and a sharp pullback in business investment resulting from President Donald Trump's trade fights combined to slow growth. The fourth-quarter rise in the gross domestic product [...]

By | 2020-02-04T11:17:30+00:00 Monday, February 3, 2020|

Survey: University investments saw slower growth in 2019

BOSTON (AP) — Most universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fueled by America's trade war with China, according to an annual survey of school finance chiefs. The survey, released Thursday, found that college and university endowments returned an average of 5.3 percent [...]

By | 2020-02-04T11:18:02+00:00 Monday, February 3, 2020|

What to know for year two of the Trump tax plan

It's that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year's filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year's season is expected to be more sedate, there are a [...]

By | 2020-01-31T08:43:33+00:00 Thursday, January 30, 2020|

Website report shows local economy remains strong

Central Ohio’s economic activity last year was on par with 2018, according to Yelp data. The Columbus area’s economy ranked 15th among the top 50 metropolitan areas in the online business directory company’s first-ever annual Yelp Economic Average report, which compares the city’s economic activity to previous local economies reports. “As the local economy goes, [...]

By | 2020-01-30T10:10:33+00:00 Wednesday, January 29, 2020|

Why that green fund you bought might include a coal miner

NEW YORK — Environmentally conscious investing received a lot of attention earlier this month after the world's largest asset manager said it plans to put climate change and sustainability at the center of its investment approach. The decision by BlackRock Inc. should create more investment opportunities for those interested in funds that take environmental, social [...]

By | 2020-01-29T09:15:28+00:00 Tuesday, January 28, 2020|

Confronting fresh health insurance deductibles

The new year often starts harshly for people with high-deductible health insurance. Many deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care or prescriptions before most insurance coverage starts. Such a financial hit can be brutal for patients with cancer or a chronic condition, some of whom may have just satisfied [...]

By | 2020-01-24T09:50:36+00:00 Thursday, January 23, 2020|