The dollar sagged to a more than one-year low and European stocks climbed on Tuesday, as investors bet that subdued U.S. inflation and political strains in Washington would limit Federal Reserve interest rate moves.Read More »
Anthony Scaramucci is selling his fund of funds business to a Chinese conglomerate with ties to the government. The firm, the HNA Group, is facing an increasing number of questions at home and abroad, and the deal is subject to review by the US Treasury. The sale reportedly kept Scaramucci out of the White House in January because of the conflicts it raises.
The word "retirement" often has the connotation of an immediate and complete transition out of the workforce and into an uninterrupted life of leisure. If this rings true for you, you might consider transitioning into retirement. Working part time as you approach retirement can help to reduce stress and free up personal resources, while offering professional and financial perks.
On Friday, General Electric (GE) reported earnings--and promptly tumbled 2.9%. It wasn't that the earnings were bad--GE's adjusted earnings did beat analyst forecasts--but just about everything else was disappointing, especially its full year guidance, which it said would probably come in at the low end of its previous guidance. The report was the last of Jeff Immelt's tenure at the head of GE, and RBC's Deane Dray and team write that he "ripped the band-aid" by cutting guidance. They explain: We note that expectations were already at the low-end of GE’s prior EPS guidance, with consensus estimating $1.62 of 2017 EPS at the time of the release. That said, GE’s guidance cuts were necessary to