Your Money
Articles to keep you informed about trends and help you manage your money
Morgan Stanley Reveals Tech Stock Picks for Next Big Growth Wave
published Apr 10, 2018 3:29:03 PM, by Janine Wolf (Bloomberg) — With the technology sector making headlines left and right, Morgan Stanley is optimistic about the future of both the industry and its stocks. A new data-driven technology cycle is just starting and offers huge potential on the investing front,
This Startup Has a Plan to Sell Annuities So You Don’t Die Poor
published Mar 1, 2018, 8:49:26 AM, by Suzanne Woolley (Bloomberg) — Matt Carey studied Arabic at the University of Pennsylvania, preparing for what he hoped would be a career at the Central Intelligence Agency. Eleven years later, he’s pitching annuity contracts. He’s actually happy about that.A summer job at the
ETFs Struggle to Impress Investors With Their Innovation: Gadfly
published Feb 15, 2018, 6:30:12 AM, by Nir Kaissar (Bloomberg Gadfly) — ETF enthusiasts gathered recently in Hollywood, Florida, for the “Inside ETFs” conference, the industry’s biggest party of the year. By many accounts it was the swankiest celebration yet. And for good reason. When Inside ETFs first convened in
More Cash in Your Pocket as U.S. Power Costs at Record Low
published Feb 15, 2018, 9:13:09 AM, by Jim Efstathiou Jr. (Bloomberg) — Americas are spending the least of their paychecks on electricity in at least 58 years as gains in energy efficiency leave more for food, vacations and gadgets. Consumer spending on electricity fell to 1.3 percent of personal consumption
Want to Hit It Big in Oil? Get Fired by This Company
published Feb 14, 2018 4:24:36 PM, by Alex Nussbaum and Anders Melin (Bloomberg) — Want to make it big in the oil industry? Try getting fired by SandRidge Energy Inc. James D. Bennett, the CEO dismissed last week, left the company with a severance package worth at least $14 million,
Investors Should Be Thankful for the Stocks Selloff: Tim Duy
published Feb 8, 2018 9:24:23 AM, by Tim Duy (Bloomberg Prophets) — The meltdown on Wall Street in recent days might have an upside: It could help extend the length of the expansion. I had three primary concerns about the extent of the equity rally of 2017 and the beginning
Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says
published Feb 7, 2018 4:42:36 PM, by Shelly Hagan (Bloomberg) — The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin. “In terms of using Bitcoin or some of the cryptocurrencies, we are
Here’s the Trump Tax Loophole Your Accountant Can Blow Open
published Feb 5, 2018 2:44:19 PM, by Ben Steverman and Patrick Clark (Bloomberg) — If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The inspiration is the tax law signed by President Donald Trump in
Americans in Poor Areas Want Jobs, But Health Issues Pose Hurdle
published Feb 4, 2018, 1:00:00 PM, by Katia Dmitrieva (Bloomberg) — The tightest labor market in years isn’t pulling in all Americans. Despite a robust job market that added a greater-than-forecast 200,000 positions in January and has seen many companies struggle to find skilled labor, the unemployment rate is 10
Matt Levine’s Money Stuff: Not Everyone Likes CDS Creativity
published Jan 18, 2018 8:39:36 AM, by Matt Levine (Bloomberg View) – Hovnanian. We have talked a few times recently about Hovnanian Enterprises Inc., which got favorable financing from Blackstone Group’s GSO Capital Partners through some credit-default-swap market machinations. GSO had bought CDS protection that would pay off if Hovnanian defaulted. Hovnanian will refinance its