Financial related news.
NEW YORK — Even the suddenly shaky stock market hasn’t scared people away from investments that are supposed to be some of the world’s riskiest. In a surprising twist, investors have continued to pump money into funds that own Chinese technology giants, Thai energy companies and other stocks from developing countries. At the same time, [...]
Three workforce development organizations in central Ohio are participating in the launch of a three-year initiative to combat financial insecurity. The Financial Clinic has selected seven “high-performing” workforce development organizations, including three in Columbus: Goodwill, Jewish Family Services and Per Scholas. Another organization selected is based in Cleveland while the others are in North Carolina. [...]
Conventional wisdom about credit cards is often black and white, from whether you should use cards at all to which types deserve a slot in your wallet. But personal finance is just that — personal, experts say. “Financial advice is best when it is not one-size-fits-all,” said Bruce McClary, spokesman for the National Foundation for [...]
CHERRY HILL, N.J. (AP) — A public employee pension crisis for state governments has deepened to a record level even after nearly nine years of economic recovery for the nation, according to a study released Thursday, leaving many states especially vulnerable if the economy hits a downturn. The massive unfunded pension liabilities are becoming a [...]
NEW YORK (AP) — After weeks of dispiriting talk about trade wars and the threat of inflation, Wall Street is looking forward to some good news: eye-popping profits from Corporate America. Analysts expect companies in the S&P 500 to report a 17 percent jump in earnings per share for the first three months of the [...]
WASHINGTON — For more than a year, Wall Street has largely ignored the unpredictability and chaos that has plagued Donald Trump’s administration, confident that the businessman-turned-president’s policies would juice the economy and that a team of mainstream advisers would keep more controversial proposals at bay. Now the financial markets are showing that their patience with [...]
HONOLULU (AP) — Are there downsides to a low unemployment rate? In Hawaii, which has the United States’ lowest jobless rate at a minuscule 2.1 percent, the answer is yes. Employers are frustrated by their inability to find workers. And unfilled jobs may be slowing the state’s economic growth. A low unemployment rate is certainly [...]
BOSTON — Jonathan Garland’s fascination with architecture started early: He spent much of his childhood designing Lego houses and gazing at Boston buildings on rides with his father away from their largely minority neighborhood. But when Garland looked around at his architectural college, he didn’t see many who looked like him — there were few [...]
LONDON — The late British Prime Minister Harold Wilson once said that a week is a long time in politics. For current British leader Theresa May, the coming year — the year before Brexit — may feel like just one very short, rushed week. Britain officially leaves the European Union on March 29, 2019, ending [...]
ALBANY, N.Y. — New York is among a growing number of states considering legislation to create government-sponsored payroll-deduction retirement programs for small businesses, which financial planners say could be a relatively painless way to help Americans reverse a dismal record of saving for their golden years. Personal finance expert Jean Chatzky notes 52 percent of [...]