Itâs nice to read a feel-good story like the one about an Arkansas man who found a massive 9-carat diamond in a public state park in Arkansas. Thirty-three year old Kevin Kinard found the 9.07 carat whopper in the Crater of Diamonds State Park on Labor Day. It is the second-largest ever found at the park,… More
getty The Department of Labor (âDOLâ) recently proposed an update to its proxy voting rule for retirement plan fiduciaries. On the face of it, itâs not too different than the existing rules. It emphasizes that fiduciaries must always (and only) do whatâs in the best interest of plan participants. There is one part of the… More
Figuring out income and outgo. getty After Labor Day is a good time to assess how you are spending. For too many, it can get out of control. The best system to budget your household expenses Iâve ever seen comes from Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad, Calif. His thoughts: Larry… More
Saving for retirement is hard enough without having to manage multiple investment accounts. With the proliferation of tax-advantaged accounts, however, many individuals juggle several if not more than a dozen retirement accounts. An investment tracking tool can help manage all of these accounts in one place, and below are the three best investment tracking apps… More
getty Does the recent fall in the market worry you? Depending on your age, it shouldnât. If youâre a millennial, thereâs something else that should worry you more. The good news, though, is that itâs something you have total control over. If youâre like most investors, you read the results of the market every day.… More
While Airbnb quickly became the travel rental leader for the modern sharing economy, itâs certainly not the only option. Airbnb is great for easily hunting down accommodations virtually anywhere on Earth. However, with its massive growth over the past several years it can be a little difficult to sift through the overwhelming list of propertiesâespecially… More
Offshore oil rig, Pacific. Photographer: Tim Rue/Bloomberg BLOOMBERG NEWS Who on earth would want to invest in an oil company? Amid a recession-reduced need for their products and the lingering effect of a supply glut, their stocks are down this year by a third to a half. Crude oil, while recovering from its April lows… More
The U.S. China trade war: will it end under a Biden Administration? getty Jerry Seinfeld told us in the good ole 1990s, âWe all want the hand. Hand is tough to get. Youâve got to get hand right from the opening.â For those who never saw that episode of the Seinfeld sitcom, having upper hand… More
U.S. Trade Representative Robert Lighthizer walks with Chinese Vice Premier Liu He and Treasury … [+] Secretary Steven Mnuchin. Shanghai 2019. NG HAN GUAN/AFP via Getty Images The United States Trade Representative has just made a sharp reversal, declaring that the traditional model of trade liberalizationâworking with like-minded countriesâwas dead, and asserting countries instead should… More
In this Dec. 9, 2019, photo a girl hugs the Toys R Us mascot, Geoffrey, at the new store at a mall … [+] in Paramus, N.J To get shoppers to spend more on toys, stores want them to spend time first. Toys R Us opened its first two “experiential” stores under new ownership that… More
getty Too many people donât take their IRA and 401(k) paperwork seriously enough, and that leads to terrible consequences. Here are two recent cases that will surprise and shock a lot of people. The first case involves an IRA owner who failed to notify the custodian that he moved. At least, the IRA ownerâs new… More
A press release from the Department of Education now says Trump’s student loan payment suspension … [+] will count towards Public Service Loan Forgiveness. Getty Borrowers seeking student loan forgiveness under the Public Service Loan Forgiveness (PSLF) Program just got some good news. Earlier this month, President Trump signed a memorandum that suspended student loan… More
Expectations for Nvidia Corp. (NVDA) couldnât have been higher going into its fiscal second-quarter 2021 results, and now the stock may feel the effect of the hangover. The stockâs price nearly tripled off the March lows, as investorsâ attention turned to companies likely to capture market share during the pandemic. As a result, the equity… More
Bitcoin fell 7% since Monday. Does this portend further downside? (Photo by Chesnot/Getty Images) Getty Images Bitcoin prices suffered a retracement in the last few days, falling more than 7% from nearly $12,500 on Monday to less than $11,600 today on CoinDesk. At this point, cryptocurrency traders might be wondering whether this latest drop is… More
Getty This story is part of Forbes’ coverage of Singapore’s Richest 2020. See our full coverage here. Pandemic-induced economic pains have pushed Singapore into recession. For the quarter ended in June, the trade-dependent country reported a year-on-year 13.2% drop in GDP, despite $68 billion in stimulus packages by the government to shore up the economy. The benchmark… More
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