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INSIDERRussia is forcing Western companies exiting its market to make a donation to the country — and it's making it harder for them to leave
Over 2,000 foreign companies are seeking approval to exit the Russian market, per the Financial Times.
- GOBankingRates
4 Countries Where the Wealthy Are Moving To Spend Their Retirement Years
Many Americans are choosing to live their golden years abroad, whether for the change of scenery, the weather, the search for new experiences or for better costs of living. Indeed, more than 440,000...
- Reuters
UnitedHealth insurance unit to cut use of prior authorization process
The reductions will begin in the third quarter and will continue through the rest of the year for most commercial and Medicare Advantage as well as Medicaid businesses. The company will implement in early next year a national Gold Card Program for care providers that meet eligibility norms, ending the need for prior authorization for most procedures. It would apply for most UnitedHealthcare members.
- TipRanks
Cathie Wood Doubles Down on These 2 Stocks Under $5
There’s no getting away from it, given the Fed’s policy of aggressive rate hikes, a soft landing for the U.S. economy appears out of the question. That at least is the opinion of Cathie Wood, who is therefore readying for a hard landing. “Money velocity is flattening,” the ARK Investment Management CEO said recently in reference to the recent banking mess while Wood also expects a marked deceleration in nominal gross domestic product. However, these are all blind spots for the Fed, she believes,
- Fortune
A famous market watcher who called the subprime mortgage crisis is warning that stocks are about to crash: ‘It’s the highest probability since COVID’
Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.
- MoneyWise
Will Bitcoin keep minting more millionaires or is this just a 'dead cat bounce'? Here's why Warren Buffett believes crypto 'will come to a very bad ending'
The Oracle of Omaha never saw a future in cryptocurrency.
- South China Morning Post
Chinese tycoon Chen Hongtian has Hong Kong property that includes Peak house seized by lenders
Chen Hongtian, a low-profile mainland Chinese tycoon, who was the talk of the town in Hong Kong for purchasing a house on The Peak for a record price almost seven years ago, has had at least three of his assets worth a total of about HK$7 billion (US$891.7 million) at time of purchase seized by lenders. The house, a 9,212 sq ft property at 15 Gough Hill Road, was seized this month by receivers appointed by Bank of East Asia (BEA), according to government records. Chen bought it through Lambda In
- The Telegraph
‘How I make 6 per cent returns a year – and pay as little tax as possible’
Anthony Roberts faces the same problem as many retirees: boosting his income, while minimising his tax bill.
- GOBankingRates
13 Tax Deductions You Can Take Without Itemizing
When you file your taxes, you can claim the standard deduction or choose to itemize. But recent changes in tax law have dramatically reduced the percentage of Americans who itemize. Check Out: 6 Types...
- Motley Fool
Watch Out for These Dividend Yield Traps in 2023
Mortgage real estate investment trusts, or mortgage REITs, may look attractive with their double-digit dividend yields, but it's important to understand how these businesses work and why they don't exactly have strong track records.
- GOBankingRates
Stimulus Checks: Mark These Dates on Your Calendar Now
Americans across the board are feeling the adverse side effects of inflation, with many of them slumping deeper into debt as a result. To help see taxpayers through these tough times, some states are...
- TipRanks
‘Charts Point to Higher Highs,’ Says Oppenheimer. Here’s a Stock With Over 100% Upside Potential
There are different ways to assess whether it’s time to lean heavily into a certain class of stocks, and according to Oppenheimer’s head of Technical Analysis Ari H. Wald, the charts right now are pointing toward a resurgence in growth. “Recent points of market discussion have included incremental cracks in value and concurrent relative strength in growth,” Wald noted. “Breaking down the components and their influence on the market, we see growth in a stronger position to the lead the S&P 500 hi
- Miami Herald
Florida’s biggest insurer wants 14% rate hike, warns of ‘hurricane tax’ if big storm hits
Hurricane Ian ‘significantly depleted” Citizens’ coffers.
- Motley Fool
Why Rivian Shares Popped Today
Rivian Automotive (NASDAQ: RIVN) stock jumped out of the gate on Wednesday morning. Shareholders likely have some of Rivian's peers to thank for the rise. With another EV start-up unveiling a new luxury electric SUV yesterday, it seems Rivian isn't alone in believing there is a market for those products.
- SmartAsset
Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth?
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
- Fortune
Blackstone’s CEO says that Silicon Valley Bank failed because of ‘people on iPhones’ and contagion won’t spread to the rest of the finance sector
The Blackstone chief said that it's important to delineate what banks and non-deposit financial institutions do to gauge the impact of SVB's fallout.
- Motley Fool
Why Medical Properties Trust Stock Is Jumping Today
Shares of Medical Properties Trust (NYSE: MPW) were jumping 4.5% higher as of 10:43 a.m. ET on Wednesday and rose as much as 7.8% earlier in the morning. Analysts asked Medical Properties Trust's CFO Steven Hamner in the fourth-quarter conference call if the healthcare REIT, or real estate investment trust, planned to sell its Australian properties. The question was posed as part of a broader inquiry about Medical Properties Trust's efforts to boost its cash flow and reduce leverage.
- SmartAsset
Biden Just Vetoed This Trump-Inspired Bill. Here's How It May Affect Your Retirement
On Monday, President Joe Biden vetoed a bill that would have effectively banned ESG, or "Environmental, Social and Governance," investments in tax-advantaged retirement accounts. This veto is the first of Biden's term in office. It keeps in place a rule … Continue reading → The post How Biden's Veto of Trump-Inspired Bill Could Impact Your Retirement appeared first on SmartAsset Blog.
- Zacks
New Strong Sell Stocks for March 30th
GOOS, F and GIII have been added to the Zacks Rank #5 (Strong Sell) List on March 30, 2023.
- Motley Fool
Here's Why a Person's Debt Doesn't Go Away After Death
You'd want to know how responsible you are for paying off credit card debt, mortgages, etc. Chances are, it's not your problem. The rest goes to beneficiaries. State law determines who gets what, and an estate executor coordinates payments, inheritance, etc.