Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the battle over the […]
In this COVID-19 ravaged economy, debts can pile up beyond a borrower’s ability to repay. However, lenders are sometimes willing to forgive (cancel) debts that are owed by especially beleaguered borrowers. While forgiveness can help you survive financially, it can trigger negative tax consequences. Or maybe not. This column summarizes the most important things borrowers […]
Cisco Systems announced commitments to social justice and supporting Black communities. Josep Lago/AFP via Getty Images Cisco Systems Inc., which fired some employees over the summer for comments about racism and Black Lives Matter during virtual staff meetings, unveiled a social-justice platform that delves deeper into those issues on Wednesday. The Silicon Valley networking giant […]
Dr. Anthony Fauci has officially lost patience with Sen. Rand Paul. The nation’s leading infectious-disease expert scolded the Republican senator from Kentucky for repeatedly “misconstruing” COVID-19 data during a heated congressional hearing on Wednesday. Paul, who has criticized the economic shutdown measures enacted to limit the spread of the coronavirus, pointedly asked the White House […]
Now is not a good time to be actively investing in small-cap U.S. stocks. That’s because small-caps typically lag their larger counterparts during the fourth quarter. Take a look at the accompanying chart, which plots the average monthly return advantage that the smallest stocks have over the largest. (The exact definitions of these two hypothetical […]
One day before Jake Gardner fatally shot James Scurlock outside his bar in downtown Omaha, President Trump threatened to send the military to Minneapolis in response to violent clashes between police and protesters following the death of George Floyd in police custody, tweeting “when the looting starts, the shooting starts.” The timing of Trump’s tweet, […]
Anthony Bottom gets parole for 1971 killings of two NYPD officers ((Messiah Rhodes – YouTube)) A former member of the Black Liberation Army (BLA), who was convicted in the killing of two New York City police officers in 1971, has been granted parole. On Wednesday, the New York state Board of Parole approved the release […]
CHENNAI, India — “Will India be No.1 by Dussehra, or Diwali?” Atul Thakur, referring to major Hindu festivals occurring in October and November, poses that question in the Times of India. He is not talking about primacy in economic growth. Rather, he refers to the number of COVID-19 infections and the pace of their increase, […]
Dear Moneyist, My husband and I recently bought a home and some furniture on “easy monthly installments.” My husband is the breadwinner, but I contribute as I work part time. My in-laws live overseas and have a large property; they are building a home for us to live in. For the last two and a […]
The global soap opera starring the president of the United States, the popular video-sharing app TikTok, two seemingly mismatched U.S. companies, and the Chinese government could be called “The Bold and the Bewildered.” The two contenders seeking, at the White House’s behest, to offer TikTok a U.S. shelter in a global storm — database giant […]