Finance

Meet Asia's Best Retirement System

The pension scheme in Singapore relies on a combination of paid annuity and a lump-sum payment, giving retirees in this small but wealthy Asian …

Personal Finance

Family sues after child, 5, killed in rotating restaurant

ATLANTA (AP) — The family of a 5-year-old boy killed when he became caught in a rotating Atlanta restaurant is suing the company, saying it failed to prevent a "longstanding safety hazard."<p>The lawsuit comes after Charlie Holt died in the Sun Dial, a restaurant atop the 73-story Westin Peachtree …

Business

The new tax hidden in the Senate bill now only hits individuals

The Senate Finance Committee has decided that a little-known provision that would change tax rules on certain securities sales shouldn't apply to mutual-fund firms. Even so, it would still apply to individual investors.<p>The provision would prevent investors from minimizing taxes, when they sell part …

Internal Revenue Service

Here's How One Country Copes Without Compulsory Retirement

Without a compulsory retirement age, many people in Taiwan choose to work longer to afford retirement.<p>Taiwan’s occupational pension for …

Personal Finance

This DIY investor manages his £1m portfolio. Two experts tell him what he's doing wrong

For more than 30 years Robert Mohamed worked in investment banks in Britain, America and the Middle East. Now 56, he is able to draw on his private pension savings, worth more than £1m.<p>With his background, he is perhaps not the typical “DIY” investor, but he faces the same challenges.<p>He must ensure …

The City

Many People Shouldn't Be Investing in the Stock Market

Where did all of those people who were singing the Doors' "this is the end, beautiful friend" go? Honestly, what happened to all of those people who …

Investing

Widow of Grateful Dead's longtime lawyer auctions rare items

RENO, Nev. (AP) — The widow of the Grateful Dead's longtime lawyer is auctioning off treasures from their long strange trip with the psychedelic rock-and-roll band.<p>Hal and Jesse Kant's memorabilia collection includes signed artwork by the band's late leader, Jerry Garcia, and backstage passes from …

Entertainment

Yes Bank, IndusInd to join BSE Sensex index, Lupin, Cipla dropped

Drugmakers Lupin Ltd and Cipla Ltd will make way for the two banks. Photo: Bloomberg<p><b>Bengaluru:</b> Indian private sector lenders Yes Bank Ltd and …

Honda recalls 900,000 Odyssey minivans; 2nd row seat may tip

NEW YORK (AP) — Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched.<p>The recall announced Saturday covers vehicles from the 2011-17 model years. About 800,000 of the affected minivans were sold in the United States.<p>Honda says …

Business

Barry Ritholtz: How ETFs Help You Make Money - MarketWatch

Barron's Jack Otter talks to Barry Ritholtz about how exchange traded funds have helped investors by bringing costs down. Also, what to avoid in the …

Business

Stop Comparing High Yield Bonds To The S&P 500

Recently, the alleged divergence between junk bonds and the equity market, has gained a lot of attention. There is very little reason to expect high yield bonds and the S&P 500 to be highly correlated. High yield, or junk bonds, have a much higher correlation with stock indices like the Russell …

Investing

Under GOP Plan, Wealthy Foreign Investors Benefit Nearly Three Times More Than US Taxpayers

If the Senate Republicans' latest version of their tax overhaul bill passes, foreign investors will receive a financial benefit nearly three times …

Unicorns: What Are They Really Worth?

When a venture capitalist coined the concept “unicorn club” in 2013, it referred to software start-ups valued at $1 billion or more—just 39 at that …

Venture Capital

Bitcoin Has 'Unquantifiable Risk': UBS Investment Chief

The world’s largest wealth manager says it does not plan to invest in bitcoin or other crypto assets due to the absence of government oversight and …

Cryptocurrency

The SARS share option that offers a 100% tax deduction

With a R50.8 billion shortfall and <b>concerns</b> of a tax revolt, it is clear that South Africans are clearly becoming fed up with taxes.<p>For fatigued …

Retirement

Investors flock to world’s top direct lending fund

When Intermediate Capital Group announced last week it had €5.2bn in dry powder as a result of the largest direct lending fundraising globally this …

The City

Lawmakers say $100 billion in disaster aid still not enough

WASHINGTON (AP) — The White House has sent Congress a $44 billion disaster aid request that's already under attack from lawmakers from hurricane-hit regions as way too small.<p>The request issued Friday, President Donald Trump's third since hurricanes Harvey, Irma and Maria slammed the Gulf Coast and …

Business

How to ACTUALLY increase the rates on your savings - Mirror Online

Are you enjoying that increase in the rate on your savings account or ISA? No? What do you mean it hasn’t happened…?<p>As people across the land are …

Owe

Financial Engineering Case Studies (Portfolio Optimization Replication, Hedging, VaR, CVaR, Drawdown, CDaR, Probability, Credit Risk, Cash Matching, Options, Structuring CDO, Mortgage) » Stan Uryasev » University of Florida

<b>Case Study</b><p><b>Functions</b><p><b>Methodology</b><p>Mean Absolute Penalty (meanabs_pen), Polynomial Absolute (polynom_abs), Cardinality (cardn), Linear (linear), …

Data Science

3 BDC Yields Of Up to 13%: 1 To Buy, 2 To Sell

There’s been a mini-wave of insider buying in the BDC (business development company) sector. This is worthy of our attention for two reasons:<p>These firms pay fat yields (we’ll discuss 3 paying up to 13%),<br>• Their stocks are trading below book value.<p>This means we can buy these firms for as low as 71 on …

Investing

Climate meeting goes all night, ends after financing talks

BONN, Germany (AP) — Negotiators worked through the night on the technical details of the Paris climate accord before two weeks of global talks on climate change finally ended in Bonn.<p>Fiji's Prime Minister Frank Bainimarama, who presided over the meeting, swung the gavel about 7 a.m. Saturday. He …

Climate

Latest Tax Plan Would Hit Activist Funds Hardest

The House of Representatives late Thursday approved a major tax reform legislation along party lines, moving along a vital part of the Trump …

Business

Washington state delays Dungeness crab season

SEATTLE (AP) — Officials in Washington state say they're delaying the start of Dungeness crab season by two weeks because of harmful algae.<p>KING-TV reports (http://kng5.tv/2hAYDHh) that the Washington Department of Fish and Wildlife announced Friday that the opening of the season on Washington's …

Business

Drinking A Bit Of T

AT&T is not known as a growth stock.<p>It is known for a juicy dividend.<p>The recent downturn in the stock's price provided an opportunity.<p>I added to my …

Stocks

U.S. Inflation Picks Up Steam - Is A December Rate Hike Likely?

On today's special podcast edition of Market Week in Review, Consulting Director Sophie Antal Gilbert chatted with Mark Eibel, director, client …

Business

Unions: Power plant contractors violating Navajo labor laws

FLAGSTAFF, Ariz. (AP) — Unions that represent Navajo workers in northwestern New Mexico say the tribal members are being passed over for jobs at a local power plant in violation of tribal labor laws.<p>The coal-fired Four Corners Power Plant is undergoing a massive overhaul of its equipment to add …

Business

Germany bans children's smart watches with listening app

BERLIN (AP) — German regulators have banned certain types of smartwatches marketed to children, saying the devices have been used to listen in on school classrooms and run afoul of Germany's surveillance restrictions.<p>The Bundesnetzagentur, or Federal Network Agency, said in a statement issued …

Technology

Ukraine detains man wanted for 2004 murder of Forbes editor

MOSCOW (AP) — Ukraine's intelligence agency says it has detained a man wanted for the high-profile murder of an American journalist in Russia 13 years ago.<p>Paul Klebnikov, the U.S.-born editor of Forbes magazine's Russian edition, was gunned down outside his Moscow office in July 2004.<p>Many people …

Business

Muni bond Friday update: 10-year yield increases

A look at the AP Municipal Bond Index for Friday, Nov. 17:<p>BIGGEST MOVER: Three-year bonds. Yield climbed 7 basis points over the last week to 1.45 percent.<p>TWO-YEAR: Yield rose 1 basis point to 1.33 percent. The two-year/10-year spread is 96 basis points, down from 100 basis points a week ago. The …

Business

New US weather satellite launched

VANDENBERG AIR FORCE BASE, Calif. (AP) — An advanced U.S. weather satellite designed to improve the accuracy of extended forecasts has been launched into polar orbit from California.<p>The Joint Polar Satellite System-1 lifted off from Vandenberg Air Force Base at 1:47 a.m. PST Saturday atop a United …

News (U.S.)