This article is reprinted by permission from NextAvenue.org.
Jimmy Buffett sure knows how to make the most of a catchy tune and a party vibe. Somehow the 70-year-old singer-songwriter has turned wasting away again in Margaritaville into an aspirational goal. True, nibblin on sponge cake, watchin the sun bake does sound pretty nice (especially on a cold gray day....More>>>
Prime Minister Narendra Modi had a bright idea on how to solve India’s corruption problem quickly: get rid of the “black money,” the 500 and 1000 rupee notes.
The trouble is he didn’t do his homework to figure out how his plan could be carried out.
This was evidenced by the breaking of ATM machines and long lines outside banks, and dying up of liquidity, which....More>>>
Judge Hammers DOL on Fiduciary Rules BICE
Peter Mallouk Wants a Few Good Advisors, With No Assets
Gerald Celente: Rising Interest Rates Could Sink Markets
The Securities and Exchange Commission will not pursue a third-party audit rule for advisors, according to the agency’s regulatory agenda, released in late July.
David Grim, head of the agency’s Division....More>>>
Related AAPL PC Shipments Fall Below 63 Million Units For First Time Since 2007 19 Stocks Moving In Wednesday's Pre-Market Session How China And Apple Could Thwart Optical Industry Consolidation (Investor’s Business Daily)
This article originally....More>>>
Preet Bharara is known for his fierce pursuit of insider trading and corruption cases. Now, he’s out.
On Friday, Bharara was one of 46 U.S. attorneys asked to resign by President Trump. That was a standard move for a new president. But Trump, during his transition, had asked Bharara to stay on. After Bharara refused to resign, he was fired by Trump on Saturday.
For retirement savers, a new era of clarity was supposed to dawn in April. Instead, they’ve been left in the fog.
SEE ALSO: 10 Financial Decisions That Will Haunt You Forever
A U.S. Department of Labor rule that was set to take effect April 10 would have made all financial professionals offering advice on retirement accounts subject to a “fiduciary” duty to....More>>>
Bank stocks have rallied since Donald Trump’s election victory–even Wells Fargo (WFC), which had been hit hard by its cross selling scandal. It’s not hard to see why: Higher rates and better economic growth should be good news for ones that have been in the penalty box. And yes, Wells Fargo is still in the penalty box, say Instinet’s Bill Carcache and Yuman Lui, but that....More>>>
On Feb. 3, President Donald Trump signed an executive order that directed the Department of Labor (DOL) to do a cost-benefit analysis of the fiduciary rule, leaving both financial firms and retirees asking, “Will the fiduciary rule be delayed?”
Originally, the rule was supposed to go into effect on April 10 — just over a month away.
But before that happens, the....More>>>
Government and Regulatory
According to sources, China is getting close to announcing a revised National Reimbursement Drug List (NRDL), the group of drugs covered by China’s national insurance plan. There will be 300 additions, 130 of which will be chemical drugs. The rest will be traditional Chinese medicines. This is the first update of the NRDL since 2009. Last May, China negotiated....More>>>
Credit Suisse analysts Susan Roth Katzke and Athena Xie argue that “there’s upside to be realized” in big banks stocks like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Goldman Sachs (GS). They explain why:
The CS Large Cap Banks are ~30% above their mid-February lowsbut still down 4% year-to-date and trading at....More>>>