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...
Coronavirus | CNBC | Greg Iacurci | March 23, 2020 "Coronavirus scams are emerging, and many look remarkably similar to frauds from the 2008 financial crisis. Government agencies like the Federal Trade Commission and Federal Deposit Insurance Corp. issued warnings this week for Americans to be vigilant as...
“Paying the Price for Killing a Real Fiduciary Rule”: Risky, High-Commission Investment Schemes Already Being Promoted to Unwary Investors Hit With Major Portfolio Losses; How to Spot and Avoid Four Types of the Worst Investment Situations. NEW YORK CITY//March 19, 2020//With the “Coronavirus Crash” recalling the...
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...
Dow | NPR | Avie Schneider | March 16, 2020 Dow Jones Industrial Average was down nearly 2,500 points U.S. stock indexes fell sharply Monday, a day after the Federal Reserve aggressively cut interest rates to near zero in a bid to stop the economy from crashing....
Stock | The New York Times | Neil Irwin | March 12, 2020 Something is breaking down in the workings of the financial system It has been an unsettling week on global financial markets, and not just because the stock market has fallen sharply enough to bring a decade-plus...
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...
Economy | USA TODAY | Paul Davidson | March 11, 2020 Cascade of unnerving news cast a shadow over financial markets and the economy A cascade of unnerving news cast a shadow over financial markets and the economy late Wednesday after a prime-time address by President Donald Trump...
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