President Donald Trump fired off a tweet on this week taking oil cartel OPEC head on over rising energy prices. U.S. gasoline prices are at $2.77 on average and well above $3 a gallon on the West Coast. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including […]
According to new statistics, one in five home borrowers use more than 45% of their monthly income to pay off a mortgage. CoreLogic, a mortgage data tracking company, revealed the research in a recent Wall Street Journal report. These levels of mortgage debt haven’t been seen by financial experts since the housing crisis of the […]
Marijuana decriminalization just got a big push from one of the leading voices in the Senate. On Friday, the unofficial marijuana holiday 4/20, Democratic Minority Leader Chuck Schumer unveiled a plan to decriminalize marijuana on the federal level. Schumer, of New York, joins a growing chorus of the public and voters who believe that marijuana […]
Allianz, the German insurance and financial services company, will put $120 million into an African frontier market infrastructure program. Allianz thus becomes the largest contributor to the Emerging Africa Infrastructure Fund (EAIF). The EAIF is a decade-long private sector investment mobilization initiative to modernize African infrastructure, energy systems and business outreach. London-based Investec Asset Management is the […]
After a recent onslaught of U.S.-imposed sanctions, Americans should think carefully before investing in Russian assets. That is the advice of economic experts on the matter. Russian markets and assets had entered into a recovery phase after a severe economic downturn following the 2015 oil price collapse. The Russian economy is largely dependent on oil […]
In an ironic twist, just as the market is experiencing tumult for the first time a decade, large companies are not only boosting the amount of the dividends payable to stockholders but are increasing the payout as well. February is the busiest time of the year for dividend announcements as companies disclose their annual results […]
While, there’s no denying that the U.S. economy is currently strong, experts warn that there may be trouble ahead. In order to understand these risks, one has to take an in-depth look at the chief economic indicators and truly understand what they convey about America’s financial future. For example, while it is notable is that […]
Jeff Bezos, the world’s richest man and founder of Amazon, continues to innovate and try to outsmart the competition. In a note to investors he announced that 100 million people are paying members of Amazon Prime, the Internet retailer’s subscription membership. That numbered grabbed headlines. What people missed is how Bezo plans to tackle his […]
Investors with ethical concerns can now put their money where their mouth is — and still enjoy lucrative returns. Ethical investment approaches — sometimes called socially responsible investing (SRI), environmental, social and governance (ESG) or simply sustainable investing — have seen an increase in interest from both retail and institutional investors. The world’s largest investment […]
For purposes of collecting Social Security benefits, the conventional wisdom says that you should not retire until you have reached your full retirement age (FRA). However, there may be circumstances where it would be advantageous to retire when you reach 62. A 2015 study by the by Center for Retirement Research shows that 48% of […]
