Rick Rieder, global chief investment officer of BlackRock’s over trillion dollars in assets fixed income business, is as heavy a hitter as it gets in the bond market. But for an investing guru synonymous with debt markets, Rieder is extremely bullish on U.S. stocks over the next one-to-two years.
Presenting at the inaugural Forbes and Shook Research Top Financial Advisor Summit....More>>>
Make way for some waves. CVS Health (CVS) and Express Scripts (ESRX) have released their formulary exclusion list for 2017, which details which prescription drugs will not be covered by health plans.
Why do we care? Commercial payors have been showing signs of pushing back against high drugs costs, which is a huge concern for drug companies and their investors. The coverage list determines....More>>>
Snap’s CEO didn’t exactly make investor concerns disappear during his big Wall Street debut.
Evan Spiegel, the secretive 26-year-old CEO of Snapchat’s parent company, participated Wednesday in his first earnings call since Snap’s blockbuster IPO in March. The long-awaited moment came just as the building was lit on fire.
A flag flies outside a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is ‘substantial doubt’ about the company’s financial viability (Photo by Scott Olson/Getty Images)
Hopes raised by a chairman’s letter on future strategy March 9 were crushed Wednesday when Sears Holdings....More>>>
Can I take a tax deduction for my long-term-care insurance premiums?
Take Our Quiz: Is It Tax Deductible?
Maybe. If you have a tax-qualified long-term-care insurance policy, you may be able to deduct a portion of your premiums as a medical expense. (Most traditional long-term-care policies qualify, but ask your insurer.) You can deduct eligible out-of-pocket medical expenses only....More>>>
MVC Capital, Inc. (NYSE:MVC) is a business development company specializing in equity, acquisition financing, and mezzanine financing, The company invests in the form of preferred and common equity, and warrants or rights to acquire equity interests; bridge loans; term loans; debt; cash flow loans; senior and subordinated loans; convertible securities;....More>>>
April 7, 2017: Markets opened nearly flat Friday and did not gather any positive strength until mid-day. Telecom and consumer staples were the top performing sectors while the utilities and energy sectors lagged. WTI crude oil for May delivery settled at $52.24 a barrel, up 1% on the day and at its highest level since March 7. June gold added 0.3% on the day to settle at $1,257.30. Equities were....More>>>
U.S. stocks have fallen for eight straight days in a row… This is an incredibly rare occurrence. It has only happened five times in the last 35 years. So… what happens next? What should we expect? Is eight straight down days an ominous sign? Is it just the beginning of a major downtrend in stocks? Or is eight straight down days the complete exhaustion of....More>>>
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins