Environmentally conscious investors are using their pocketbooks to protest President Trump’s plans to slash environmental regulations, fueling a rally in funds that only invest in companies that meet progressive criteria for sustainability.
In a surprise move, the Internal Revenue Service today made it dramatically easier and cheaper for taxpayers who miss the 60 day deadline for rolling over retirement account money to fix their errors. “It’s a great move by IRS. It’s a taxpayer friendly move,” exalted IRA expert Ed Slott, after learning of the change from Forbes. […]
Bank of America Corp’s Merrill Lynch unit will pay $415 million in the largest customer protection settlement in the Securities and Exchange Commission’s history and admit to wrongdoing to settle charges that it misused customer cash, the U.S. regulator said on Thursday. An SEC investigation found that Merrill Lynch violated the an SEC rule in […]
Investors shouldn’t underestimate the role of cash in their portfolios said Mohamed El-Erian, chief economic adviser at Allianz Global Investors. At a breakfast meeting with reporters on Monday, the former Pacific Investment Management Company chief executive said central bank asset purchases have successfully decoupled asset prices from fundamentals and distorted traditional correlations. Indeed, the S&P […]