Robert Vergara

131 Flips | 17 Magazines | 4 Likes | 2 Followers | @RobertVerga2015 | Keep up with Robert Vergara on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Robert Vergara”

Brazil recession: 'I've never seen anything like this'

When Barbara Araujo and Allan Alves got married three years ago, they had big plans: open a business, buy a house and start a family.<p>But with Brazil plunging into its worst recession in over two decades -- hopes for a brighter future are fading. The Brazilian economy shrank 3.8% in 2015, according …

Barack Obama to make historic trip to Cuba in coming weeks

• First sitting US president to visit the island in nearly nine decades<br>• White House is planning to make the announcement on Thursday<p>Barack Obama will travel to Cuba in the coming weeks, becoming the first sitting US president to make a state visit to the island in nearly nine decades.<p>The White House …

5 Ways the Rich Pay Less in Taxes

And you can too!<p>Looking for ways to cut your tax bill at tax time? It might pay to think like the rich. While you may not be able to take advantage …

Nuclear Fusion Hit a Massive Milestone in Germany

A brand-new reactor, an experimental stellarator design called Wendelstein 7-X, was successfully booted up to an extent where it created hydrogen plasma.<p><i>This story was translated from the original published by Motherboard Germany.</i><p>The Max Planck Institute in Greifswald reached a true milestone in …

3 Foolproof Ways to Build Wealth in Your 40s

Building wealth takes time. Your approach will depend in part on the stage of life you’re in. The way you handle your money as a 40-something is likely a bit different than the way you managed your finances in your 20s and your 30s. If retiring rich is your ultimate goal, here are three ways to …

Why I Made 2 Big Moves in My Retirement Portfolio

The last thing you need in a retirement portfolio is drama.<p>It was another dull year for my investment portfolio. <i>Until last week.</i> In all of 2015, I …

Puerto Rico Is In Serious Trouble. Here's What You Need To Know.

2016 will likely bring more financial misery for the beleaguered island.<p>Puerto Rico is on course to default on some of its debts on Monday, deepening a crisis that has been escalating steadily for months.<p>But the seemingly arcane dispute over the island's public finances masks a struggle for wealth …

Caribbean

This Is The Ultimate Budgeting Tool For 2016

Because money is what buys more pizza.

Personal Finance

EL-ERIAN: Saying stocks had 'their worst year since 2008' only tells a tiny part of the story

1. While a few newspapers led their end-of-year reporting with the correct observation that US stock markets had "their worst year since 2008," this assessment could prove overly partial in a number of ways.<p>Most importantly, it obfuscates the fact that markets in this country, assisted by a bumper …

Bye bye buy-to-let … but where next for your money?

Photograph: Alamy Stock Photo<p>Peer-to-peer lending could help your savings – but there are risks too.<p>84<p>image/jpeg<p>http://media.guim.co.uk/0b7e41988f64d1d128ef4a95a129a56826218ab5/0_96_5142_3087/140.jpg<p>140<p>Photograph: Ashley Cooper/Alamy<p>Rates on future solar and wind projects, even without government …

This might be the best advice for stock market investors going into 2016

With the stock market basically flat for the year, it's easy to think that now's an opportunity to cash out of the market and get back in after the next sell-off occurs.<p>Unfortunately, markets are not that predictable. And while it doesn't feel good to lose money when the market falls, it isn't …

Stock Markets

This is your guide to Social Security in 2016

<b>How your Social Security benefit is calculated</b> <br>Unlike many pension plans, which are based on just the top few years of your earnings, Social Security takes your 35 highest-earning years into account when computing your benefit. Each year's income, up to the maximum taxable Social Security wages, is …

Brands are using Periscope at the expense of Twitter's other video app Vine

The top brands on Twitter are using the company's standalone live streaming app Periscope at the expense of its other sister video app Vine, according to analysis from social media analytics company Socialbakers.<p>The company analyzed the 383 brands with the highest follower count on Twitter and …

Stock markets tumble as oil sinks to seven-year low

Benchmark Brent crude falls below $38 a barrel, dragging FTSE 100 index and Dow Jones lower<p>The City was left nursing its losses after a week of turmoil in commodity and stock markets that wiped £73bn off the value of UK shares.<p>Oil prices were in freefall on Friday, a fresh day of turbulence that …

What is the ideal retirement portfolio for your 40s?

<i>Rona Birenbaum is a certified financial planner at Caring For Clients. We asked her to construct an ideal retirement portfolio for a Canadian in their 40s.</i><p>If you are in your 40s, your investment time horizon is 50 years or so assuming mortality at age 90. A solid allocation to investments that can …

Retirement

One statistic perfectly encapsulates the impact of technology on Wall Street jobs

The statistic is one of several nuggets from a Credit Suisse report on how the bank uses technology, following a conversation with chief information officer Marty Chavez.<p>The analysts estimate that Goldman spends $2.5 billion to $3.2 billion on technology each year, or about 7% to 9% of revenue.<p>This …

This Supreme Court case could lock in GOP control of Congress: The dangerous new assault on voting rights

<b>John Roberts, Clarence Thomas and Antonin Scalia (Reuters)</b><p>Pay attention to this one: A Texas case arriving at the Supreme Court involves complicated math but matters deeply<p>Katherine Culliton-González<p>December 8, 2015 10:56am (UTC)<p>Imagine a family. The mother was born in the United States, her …

Why I’m Closing My Bank Accounts While I Still Can

Not long ago I walked into a local branch of my bank – the 13th largest bank in the United States based on consolidated banking assets, according to Federal Deposit Insurance Corporation’s second-quarter 2015 data.<p>I wanted to cash a check for a few thousand dollars. It was a business check made out …

The CEO of Credit Suisse nailed the banking industry's biggest problem in a sentence

"We don't really have a good measure to triangulate returns," he said on Tuesday at the Financial Times banking summit.<p>That's a big statement.<p>It means banking is an industry that doesn't know how to set meaningful profit targets, which is a huge issue when trying to work out a business strategy.<p>As …

Credit Suisse

How to Shave Years Off a 30-Year Mortgage

Most strategies to pay off your mortgage faster involve making radical principal prepayments or moving to a shorter-term debt structure. But here's a way to pay your loan off faster by refinancing your home using your lender's money.<p>Here's a quick finance lesson: Lenders generate more revenue on …

U.S. Brings Dogfighters to Counter Russians Over Syria

The U.S. Air Force is deploying to Turkey up to a dozen jet fighters specializing in air-to-air combat—apparently to help protect other U.S. and …

Middle East

Here's the official list of banks that are too big to fail

As a response to the crisis, the G20 countries set up the Financial Stability Board, a global watchdog for financial institutions. One of its responsibilities is to identify the banks that can't go bust without causing a domino effect.<p>The FSB calls such institutions global systemically important …

Chief Justice Roberts' Wild Question About Congress And Immigration

Here's hoping it doesn't give lawmakers any ideas.<p>WASHINGTON -- During oral arguments in a Supreme Court case that has the tech industry on alert, Chief Justice John Roberts asked a strange hypothetical Monday about an immigration statute that doesn't exist.<p>If you didn't know any better, you'd …

America is full of high-earning poor people

Do you earn a decent salary, but live paycheck-to-paycheck? If so, you are part of a growing segment of the American population: the income rich-ish and asset poor.<p>We tend to associate empty bank balances with those on the lowest rungs of the income ladder. But many of America’s upper middle class …

Missing Money? Report questions how states spent ObamaCare funds

The federal government awarded over $5 billion to help states set up ObamaCare exchanges, with the vast majority – $4.6 billion – going to 16 states and Washington, D.C.<p>But, according to a recent Government Accountability Office (GAO) report, much of that money has not been accounted for – and yet …

The 10 things in advertising you need to know today

<b>1. WPP reported a 5.9% rise in third-quarter revenue to £2.9 billion ($4.4 billion.)</b> But the world's biggest advertising agency holding group said clients remain "cautious" and are focusing on cutting costs.<p><b>2. Vice CEO Shane Smith says his company is going to change the way TV makes money.</b> Smith is …

Stocks: 5 things to know before the open

Investors can't seem to make up their minds whether to buy or sell following a stunning two-day rally last week.<p>Here are the five things you need to know before the opening bell rings in New York:<p><b>1. Stock market overview:</b> U.S. stock futures are looking a bit weak Monday while most major indexes in …

Chinese investors lost $1.2 billion in the country's wild west online lending industry

Henry Yin, managing director of CreditEase, one of China's biggest platforms, gave an idea of just how big and dangerous it is by outlining how huge losses have been so far.<p>Speaking at the LendIt Europe conference in London last week, Yin said Chinese investors, the majority of them unsophisticated …

AT&T profit up as mobile, video ambitions start to play out

AT&T made a $49 billion bet that consumers are still willing to pay for a traditional package of television channels.<p>It's counterintuitive thinking, with many industry watchers conceding that more folks are shedding their cable and satellite TV packages in lieu of video found online or through …

Illinois bond rating cut again over budget impasse

CHICAGO (Reuters) - Illinois’ ongoing failure to enact a fiscal 2016 budget due to political wrangling led to a second major credit rating agency downgrading the state’s debt to the low investment grade triple-B level this week.<p>Moody’s Investors Service cut the state’s general obligation bond …