About 400,000 homeowners have fallen behind on their mortgage loans, despite eligibility for a … [+] payment-free forbearance plan. getty It seems there’s a communication issue with some of America’s struggling homeowners. According to a new report, around 400,000 U.S. homeowners have become “needlessly delinquent” on their mortgage loans, despite qualifying for a payment-free forbearance
Month: October 2020
Streaming stocks remain at the center of Wall Street’s attention. Netflix shares closed nearly 6% higher on Wednesday at $534.66 after Pivotal Research updated its price target for the stock to a new Street high of $650, citing the company’s leadership in its industry, subscriber growth and strengthening spending power. The call, which implies nearly
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. Bryan R. Smith | Reuters U.S. stock index futures were modestly higher in overnight trading after the Dow posted its best day in months as investors await updates on the ongoing fiscal stimulus discussions. Futures tied
What do you get when you mix a wellness holiday with a “workcation”? Answer: The “wellness sabbatical,” an emerging trend that allocates time for sunrise yoga classes, meditation sessions and spa treatments — alongside work emails and Zoom calls. A small but growing number of resorts are tapping into a market of wellness-minded workers who
JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is making a $30 billion commitment it says will help address U.S. wealth inequality, especially in traditionally underserved Black and Latino communities. The bank’s pledge is a
Luis Alvarez | DigitalVision | Getty Images The Covid-19 pandemic has pushed more financial advisors to figure out how to meet virtually with clients. Advisory firms have had to find ways to be able to adapt through the use of virtual technologies to keep their meetings going with clients. That newfound comfort will probably change
“When student loan payments become mandatory again,that’s a scary thought,” said Cecilia Sena, 22. Source: Cecilia Sena In March, as it rapidly became clear that the coronavirus pandemic would upend our lives, the U.S. Department of Education offered student loan borrowers a break from their monthly payments. They accepted. Less than 11% of people with federal student loans are repaying them during the pandemic,
Silvia Lucci, her husband (left), and son (right) are part of the family team behind LUHV Foods, and its successful outposts, such as their vegan deli at Philadelphia’s famed Reading Terminal Market. Julietta Lucci When Jennifer Rodriguez relocated to Philadelphia in the late ’90s, the once-bustling South Philly neighborhood of Italian Market was in decay.
Is maxing out your 401(k) enough? For high earners, only saving up to the annual IRS contribution … [+] limit may not be enough to meet spending needs in retirement. getty Is maxing out your 401(k) enough? When saving for retirement, you’ll want to find out what level of income your current contributions could provide
Prince’s sudden death in 2016 triggered numerous court proceedings. First, Probate documents had to be filed in court because Prince died without a will. He did not have a spouse or children, but Prince had half-brothers and half-sisters. There were various claims against the estate, and some claims by the estate too, including a wrongful death case
Mika Anttonen amassed a $1.4 billion fortune in the dirty business of oil and gas. Now he’s railing against the very industry that made him rich. But he hasn’t stopped refining. As the Finnish wind thrashes outside, Mika Anttonen disrobes and enters his sauna. He dumps water on the embers, which spit back a cloud
President Donald Trump said in a video posted Wednesday that “no president’s ever pushed” the Food and Drug Administration like he has as concerns mount that the administration is pressuring the agency to quickly authorize a vaccine for the coronavirus. The FDA on Tuesday published new guidance for vaccine manufacturers that said they need to
Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize and economy recovery that was moving faster than expected, according to minutes released Wednesday from the central bank’s September meeting. The Federal Open Market Committee on Wednesday released minutes from its Sept. 15-16 meeting. The Fed’s policymaking arm held interest rates steady
There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
fizkes | iStock | Getty Images As disruptive as the coronavirus pandemic has been for the U.S. economy and financial markets, the country’s top financial advisors have managed to find ways to adapt to the changing circumstances of a new normal. The community shutdowns across much of the country have profoundly changed how advisors operate and
U.S. President Donald Trump walks to Marine One on the South Lawn of the White House on October 1, 2020 in Washington, DC. Drew Angerer | Getty Images It appears unemployed workers won’t get another boost in their weekly benefits any time soon, after President Donald Trump pulled officials out of negotiations on a fifth
As talks in Washington, D.C. over a new round of financial and economic stimulus continue, Stanford Graduate School of Business lecturer and small business advisor David Dodson doesn’t like what he sees on Main Street or for the U.S. economy. Dodoson, who once ran for the U.S. Senate in Wyoming and has served as CEO
getty Covid ruined everything. It abruptly halted a humming economy. Worse, it cost many their jobs as state governments shuttered entire industries. Congress, in an attempt to stave off immediate cash flow short-falls, passed the CARES Act hoping to help those who lost income as a result of these shut downs. As with all good
WASHINGTON, DC – SEPTEMBER 30: Sen. Chuck Grassley (R-IA), speaks during a hearing on Wednesday, … [+] September 30, 2020 on Capitol Hill in Washington, DC. The committee is exploring the FBI’s investigation of the 2016 Trump campaign and Russian election interference. (Photo by Stefani Reynolds-Pool/Getty Images) Getty Images Senators Grassley, Daines and Roberts have
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