C&E Executive News Filter

'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON—Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses is distributed …

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas Read More »

With interest rates rising, it's time to focus on MANG stocks instead of FAANG, according to Jefferies

With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies

Heading into the Federal Open Market Committee’s policy meeting, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft group of stocks. They pointed instead to a group they named MANG. We’ll compare the two groups below. The FAANG group — Facebook holding company Meta Platforms Inc. FB, Apple Inc. …

With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies Read More »

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: 'Take it or leave it'

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’

As fans flock this weekend to Omaha, Neb. for Berkshire Hathaway’s annual shareholders meeting hosted by Chairman and CEO Warren Buffett, you may be wondering what all the fuss is about. The answer: unique mystic. Buffett and Berkshire BRK.A, +0.67% BRK.B, +0.51% are distinct in the corporate world for a combination of unusual practices and …

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’ Read More »

Archegos Founder Bill Hwang and CFO Charged With Securities Fraud

Archegos Founder Bill Hwang and CFO Charged With Securities Fraud

Archegos Capital Management founder Bill Hwang and chief financial officer Patrick Halligan have been indicted on charges of securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan said Wednesday. Prosecutors alleged the men took part in interrelated schemes to unlawfully manipulate the prices of stocks and to defraud leading global investment banks and brokerages. …

Archegos Founder Bill Hwang and CFO Charged With Securities Fraud Read More »

Opinion: Google's earnings should be a warning to investors in Facebook and other online-ad companies

Opinion: Google’s earnings should be a warning to investors in Facebook and other online-ad companies

Google’s earnings shortfall is an indication of trouble across the online-advertising industry, and should scare investors in Facebook and other competitors. Google parent company Alphabet Inc. GOOGL, -3.59% GOOG, -3.04% reported first-quarter results Tuesday that were slightly shy of Wall Street estimates, with revenue at Google and YouTube both hit by the war in Ukraine …

Opinion: Google’s earnings should be a warning to investors in Facebook and other online-ad companies Read More »

My stepfather died.  He inherited my late mother's estate and always said he'd take care of us in his will.  How do I tactfully broach this issue with his children?

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children?

Dear Quentin, My former stepfather passed away a month ago. He was married to my mother in Nevada at the time of her passing 21 years ago. During their marriage she gave him quite a bit of money from her retirement fund to buy and upkeep properties that he/they owned. When she passed away, her …

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children? Read More »

The Fed Wants to Raise Rates Quickly, but May Not Know Where to Stop

The Fed Wants to Raise Rates Quickly, but May Not Know Where to Stop

Federal Reserve Chairman Jerome Powell is shifting monetary tightening into a higher gear. His goal sounds straightforward—lift interest rates to “neutral,” a setting that neither spurs nor slows growth. But there’s a catch: Even in normal times, no one knows where this theoretical level is. And these aren’t normal times. There are good reasons to …

The Fed Wants to Raise Rates Quickly, but May Not Know Where to Stop Read More »

PayPal Stock Is Falling.  It's Not Because Its CFO Is Leaving for Walmart.

PayPal Stock Is Falling. It’s Not Because Its CFO Is Leaving for Walmart.

Text size PayPal’s has a new interim CFO. Justin Sullivan/Getty Images walmart said late Tuesday that he had named John Rainey as his chief financial officer. Rainey currently holds the same position at PayPal Holdings, but his move isn’t the red flag analysts are watching ahead of the payment-processing company’s earnings. Rainey steps into his …

PayPal Stock Is Falling. It’s Not Because Its CFO Is Leaving for Walmart. Read More »