News

'I told him that wouldn't fly': My 90-year-old mother's adviser pushed her to change her beneficiaries. What is going on?
My mother and her attorney changed it so that I am the sole POA holder with our accountant as backup. I presented the recorded, attorney-executed POA to her financial adviser so I can make long-term ...
Lincoln Electric Delivers Encouraging Margin Expansion, Considering Volume Headwinds
Lincoln Electric manufactures welding, cutting, and brazing products, claiming leading market share globally. Alongside Illinois Tool Works and ESAB, Lincoln Electric is one of the top three players ...
Will your spouse automatically inherit your 401(k)?
Your first spouse will inherit the 401 (k) if they remain the beneficiary. The reason is that these accounts become part of your marital property, along with your family home, automobiles, bank and ...
July US Jobs Report: 73,000 Rise in Payrolls, Weaker Than Expected
Nonfarm payroll employment had been forecast to show an increase of 117,500, down from an increase of 147,000 initially ...
Coinbase misses the mark on quarterly sales, including this all-important revenue stream
Coinbase beat FactSet consensus regarding its GAAP earnings by a wide margin, reporting profit of $5.14 a share versus expectations of GAAP earnings of $1.25 a share on sales. In the year-ago quarter, ...
Imperial Oil Quarterly Earnings Dented By Lower Crude Oil Price
Earnings from Imperial's upstream-production operations dropped 17% on last year to C$664 million in the latest quarter. Chemical-division earnings also weakened, falling 68% to C$21 million, but ...
Student-loan interest restarts today for millions. This is what you can do.
"Folks who are on SAVE, they're the ones actively reaching out for help because they're a little bit confused," said Carolina Rodriguez, the director of the Education Debt Consumer Assistance Program, ...
Spain Cancels Government Bond Auction on Aug. 21
Spain's government bond auction scheduled for Aug. 21 won't be held, the Spanish treasury said Friday. Canceling the second auction of August is in line with Spain's practice in recent years, given ...
Regeneron's Eylea HD, Odronextamab Applications Hit FDA Snag
The FDA had set an Aug. 19 target action date for the company's application, which was seeking a green light for Eylea HD for the treatment of macular edema following retinal vein occlusion and for ...
U.S. Dollar Surges as Scores of Countries Brace for Tariffs to Hit
The DXY dollar index against a basket of major currencies rose to a two-month high, and could move higher still if non-farm payrolls figures for July come in strong. "Today's jobs data presents the ...
MicroStrategy just posted a huge profit. It's the second time riding on an accounting rule change.
MicroStrategy Inc., the enterprise-software company that calls itself the largest corporate holder of cryptocurrency, posted a massive quarterly profit late Thursday, thanks to a recent accounting ...
The two Fed dissenters say worries about labor market led them to push for lower rates
In statements, the two governors explained their historic opposition to holding policy steady The two Federal Reserve governors who dissented from the central bank's decision to hold interest rates ...