Those who don’t work for their goals, work for someone else’s goals

Know where you want to go. Then ensure your planning for financial requirements doesn’t depend on external factors “Saab kahaan jana hein aapko (Sir, where do you want to go?)” is typically what an autorickshaw driver or a taxiwala would ask us when we flag them down. Imagine our answer is “Pata nahi hein (I […]

What type of economy does China have?

China’s Communist Party ‘values loyalty to party over competency’: Hudson Institute fellow Hudson Institute senior fellow Rebeccah Heinrichs talks about how China’s Communist government may have been the reason the initial outbreak of coronavirus went underreported. China is the greatest economic rival to the U.S. — and China's economy has grown more and more similar to the […]

Citigroup CEO Michael Corbat's pay remains at $24M

Jeffrey Epstein, Barclays CEO Jes Staley links lead to investigation Barclays CEO Jes Staley is being investigated over links to Jeffrey Epstein. FOX Business’ Ashley Webster has more. Citigroup CEO Michael Corbat's pay stayed at $24 million in 2019 as the company reported rising profits in the last quarter of the year, according to a regulatory […]

Cost-cutting, layoffs ahead for scandal-plagued Wells Fargo, analyst warns

Scandal-plagued Wells Fargo’s road to recovery will be long and painful — marked by cost-cutting and more layoffs than originally forecast. As much as 10 percent of the bank’s current workforce is facing elimination, an analyst has warned. The embattled San Francisco-based lender — the nation’s fourth-largest bank by assets — took the first bold […]

Coronavirus update: New virus cases fall; WHO says China bought the world time

China reported 143 virus deaths and a dip in new cases Saturday while the head of the World Health Organization praised the country’s efforts to contain the new disease, saying they have “bought the world time” and that other nations must make the most of it. France, meanwhile, reported Europe’s first death from the new […]

Confusion complicates efforts to contain new virus from China

Reports one day suggest the respiratory outbreak in China might be slowing, the next brings word of thousands more cases. Even the experts have whiplash in trying to determine if the epidemic is getting worse, or if a backlog of the sick is finally getting counted. Continuing questions about the new virus are complicating health […]

Bitcoin recently topped $10,000 but don’t expect a run to the 2017 record

Bitcoin is back around $10,000. But don’t be fooled into thinking that means the cryptocurrency is destined to revisit previous highs twice this level. I’m not saying this means a collapse. For better or worse, bitcoin BTCUSD, -4.53% is here to stay. But that doesn’t mean that investors should consider it a wise or safe […]

Warren Buffett had a tough year — how might he explain it?

CHAPEL HILL, N.C. — Last year may have been one of Warren Buffett’s worst years ever. We won’t know for sure until Berkshire Hathaway BRK.A, +0.51%BRK.B, +0.15%, of which Buffett is chairman and CEO, releases its earnings Feb. 22, at which point we will learn how much the company’s net asset value grew last year. […]

Clarifying carry forward super contribution rules

In an October, 2019 column, you answered the question: “Am I entitled to contribute up to $100,000 as a non-concessional component, or just the difference between $1.6 million and your total super benefits (TSB) at June 30”. I have put this question to the superannuation section of the Australian Taxation Office on three separate occasions […]