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Author: prwlegal201

Economic crisis | The Economist | March 18, 2020 When Bernie Madoff owned up to a $65bn Ponzi scheme in December 2008, it was not out of guilt. He knew the game was up. Three months earlier Lehman Brothers had imploded. The market meltdown sent clients clamouring...

Investments | The New York Times | Tara Siegel Bernard | March 13, 2020 Investments: Fixed-index annuities are often pushed as a panacea to plunging markets As markets plunge, investors are likely to see more pitches from annuity brokers peddling complex products. Buyer beware. Shortly after the stock...

Retirement | CNBC | Jessica Dickler | March 11, 2020 The coronavirus is sending shockwaves through the economy, and even those looking for a safe haven can’t find much relief. In the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of...

Stocks | NPR | Avie Schneider | March 12, 2020 Stocks fell so fast that it triggered a 15-minute halt in trading The stock market extended its relentless, breathtaking drop Thursday — moving deeper into bear territory. Stocks fell so fast that it triggered a 15-minute halt in...

Retirees | The Hill | Niv Ellis | March 10, 2020 For older workers near retirement, a downturn could shortchange their retirement savings.   The crashing stock market and slowing economy are raising worries for older Americans who are retired or preparing to retire. Stocks fell off a cliff Monday...