Author: Press Room

China’s retail sales missed expectations in November, adding to pressure on policymakers as they seek to restore confidence in the world’s second-largest economy.Retail sales rose 3 per cent, below both analyst forecasts of 4.6 per cent and a 4.8 per cent rise in October. Industrial production in November rose 5.4 per cent, slightly above expectations.The data comes days after China held its annual Central Economic Work Conference, in which party leaders called for “vigorous” efforts to boost consumption.In the property sector, where a slowdown has posed a major challenge to policymakers, new home prices continued to decline, albeit at a…

Recently, I had the privilege and pleasure of meeting with Dr. Daniel Crosby, the author of several great books, including his newest, The Soul of Wealth. We met ostensibly to discuss the book, which we did, but he shared something else with me that is tangential to its themes, which was not explicitly mentioned. Whether this is the equivalent of the secret track on a 90’s CD that you didn’t learn about until you forgot to turn Nirvana’s Nevermind off after listening to “Something in the Way” or the precursor to the next great work in the Crosby canon, I’ve…

As consumers patiently wait for mortgage rates to settle, the Century 21 Real Estate CEO is flagging consumers about “positive signs” that are emerging from the real estate market.  “On the housing front, I think there are a couple of good, positive signs that are building momentum,” Mike Miedler began. “This decade-long run up in price appreciation, which we’ve seen certainly double-digit price appreciation over the last four years, is starting to settle in a little bit. I think we’ll end the year anywhere from flat to 2% or 3% increase year-over-year,” the CEO explained.BARBARA CORCORAN REVEALS WHAT WILL MAKE REAL…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump has named Richard Grenell as his presidential envoy for special missions, ending weeks of speculation over which role the president-elect’s former intelligence chief would take in the new administration.The president-elect did not outline Grenell’s exact responsibilities, but wrote on his Truth Social platform that the envoy “will work in some of the hottest spots around the World, including Venezuela and North Korea.” A staunch Trump loyalist, Grenell was widely considered a potential pick for secretary of state, but lost…

Many people are surprised and shocked when they learn what happens when retirement account owners neglect simple details about the tax code and their accounts. A review of some recent court cases brings the points home. The newest case involved the 401(k) of the late Jeffrey Rolison, who had worked at Procter & Gamble for more than 30 years and accumulated a 401(k) balance exceeding $754,000. When he enrolled in the 401(k) in 1987, Rolison named as sole beneficiary his live-in girlfriend. They broke up two years later. From 2002-2014, Rolison had a non-marital relationship with a female co-worker and…

If you want to set yourself up for success in retirement, personal finance expert and “The Ramsey Show” co-host Rachel Cruze explains the top rule to help you get on the path to millionaire status. The expert joined FOX Business’ “Mornings with Maria” on Monday and provided advice when it comes to saving for retirement, and explained how one can reap the rewards and benefit from utilizing your job’s 401(k) plan.”What’s so great is that so many 401(k) programs, when your company has a match, to go up to that match and then even use programs like a Roth IRA,…

This article was written byFollowADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.Analyst’s Disclosure: I/we have a beneficial long position in the shares of OBDE, BCSF, NMFC either through stock ownership,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.TikTok has lost an emergency bid to temporarily halt a fast-approaching deadline under a US “divest or ban” law, leaving the fate of the popular video app owned by China’s ByteDance in the country ever more uncertain.The US Court of Appeals for the District of Columbia Circuit on Friday rejected the emergency motion filed by the platform and its Chinese parent company at the start of the week, requesting the law be stayed from taking effect next month while it asks the…

Charitable giving often isincluded in financial and estate plans, and this is the time of year when there’s an increased focus on giving. But many people don’t optimize the impact of their donations by developing a giving plan. Few people are deliberate and strategic in their charitable activities. Many gifts are one-off events that don’t involve a lot of planning. Others are made routinely or reflexively. A solid giving plan can maximize the benefits derived by both the charitable causes and the donor who’s interested in them. Before we look at the specifics of a giving plan, always keep in…

Costco Wholesale Corporation (NASDAQ:COST) Q1 2025 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants Gary Millerchip – EVP and CFORon Vachris – President and CEO Conference Call Participants Simeon Gutman – Morgan StanleyOliver Chen – TD CowenChristopher Horvers – JPMorganZhihan Ma – BernsteinKaren Short – Melius ResearchEdward Kelly – Wells FargoJohn Heinbockel – GuggenheimRupesh Parikh – OppenheimerPeter Benedict – BairdGreg Melich – Evercore ISIScott Mushkin – R5 CapitalRobbie Ohmes – Bank of AmericaMichael Lasser – UBSChuck Grom – Gordon HaskettKelly Bania – BMO Capital MarketsChuck Cerankosky – Northcoast ResearchCorey Tarlowe – JefferiesLaura Champine – Loop Capital Operator…