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The agency has given jilted consumers a place to file their grievances, establishing a consumer complaint database. “The mission is popular and it’s given a real place for consumers to share complaints,” said Gilbert of Public Citizen. There are over 700,000 listed on the site. Consumers have received $11.8 billion in relief from CFPB supervisory
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The provision would eliminate the specific identification method, meaning stock investors would now be required to sell their oldest shares first. This also would mean that mutual fund managers would also lose the ability to pick specifically which shares to sell. The change would take effect Jan. 1. “Requiring taxpayers to treat securities as sold
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If you’re feeling generous, consider giving away your highly appreciated funds and taking a deduction for your charitable donation. Generally, you can take a charitable donation deduction of up to 50 percent of your adjusted gross income. Gifts of assets that you bought cheaply and now have outsized appreciation make for better tax efficiency compared
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Venture capital firms invested $3.1 billion in nearly 300 cybersecurity startups in 2016, according to research firm CB Insights. Top-funded, privately held cyber companies now include Tanium, which has raised about $395 million to support its endpoint protection technology, and Lookout, which has raised about $281 million and secures smartphones. The two are each valued
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Target on Wednesday reported a bigger-than-expected increase in quarterly same-store sales, a positive sign for the big-box retailer’s turnaround plan. Target also raised its earnings outlook for the full year, though its fourth-quarter forecast, which includes key holiday sales, is lower than analysts’ expectations. That sent Target shares tumbling more than 8 percent shortly after
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He is hardly the first to take a negative stance on the digital token. Eventually, Gledhill predicted, bitcoin pricing will become “very cheap because that’s how it will scale,” adding that there’s no current pricing advantage for DBS. DBS is Southeast Asia’s largest lender and a big believer in emerging technologies. Earlier this year, the
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From a technical perspective, Cramer and Moreno both agreed that the daily chart of Abbott Laboratories was “a beautiful picture.” “In fact, Moreno says it’s a picture-perfect uptrend, [with the] stock steadily rising above its 50-day moving average,” Cramer added. Even though shares have recently been trading sideways, Moreno noticed that the relative strength indicator,
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One of the top three worries for investors right now is a crash in global bond markets. When asked what poses the biggest “tail risk,” or worry for the financial market, 22 percent of global investors considered the biggest risk to be a sharp drop in bonds, according to Bank of America Merrill Lynch’s November
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Investors who depend on income in retirement or for other needs have gravitated to dividend stocks amid continuing low interest rates. GE’s move highlights how overexposure to dividend stocks can cause real problems, according to Ghodsi. What happened to bank stocks during the financial crisis is one example, he said, when companies that once paid
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As millennials step into becoming homeowners, Home Depot sees them ringing up more do-it-yourself projects at its stores. The retailer on Tuesday reported an impressive increase in same-store sales, fueled by more shoppers spending on items such as tools, lumber, garden accessories and flooring. Hurricanes Harvey and Irma, along with some U.S. wildfires, also boosted
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The wealthiest 1 percent of the world’s population now owns more than half of the world’s wealth, according to a new report. The total wealth in the world grew by 6 percent over the past 12 months to $280 trillion, marking the fastest wealth creation since 2012, according to the Credit Suisse report. More than
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A ring featuring an extremely rare 37.30-carat pink diamond is hitting the auction block Wednesday. “The Raj Pink” is the world’s largest known fancy intense pink diamond. “Color diamonds are exponentially rarer than white stones,” said Sotheby’s international jewelry specialist Brett O’Connor. “The stone is … right up at the very top. It has size,
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