October 2023

Written by Crispan PalmerROME (Reuters) - Entrepreneur Roberto Colagno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, investment firm IMMSI said on Saturday.He turned 80 last week. No cause of death was

Mette Lykke's CEO's first step to wild success didn't involve anything as thoughtful as a business plan or a problem she wanted to solve. It was more racist."It started with the decision to quit smoking and build something," Lakey

Ask a Consultant: I'm 81, have a $118,000 mortgage, and a $110,000 IRA. Should I withdraw from my investment to make mortgage payments?My retirement savings have been wiped out in market changes over the past two years. I

Photo: Jim Allen - FreightWavesweek chart: Outgoing Bid Market Share - Laredo, Phoenix, McAllen, Ontario sonar: OTMS.LRD, OTMS.PHX, OTMS.MFE, OTMS.ONTTruckload demand outside the Texas frontier markets of Laredo and McAllen has nearly doubled since 2018. Phoenix has seen a similar

One of the most difficult parts of investing is deciding what to do when the companies you own are doing well but stock prices reflect a different scenario. Wall Street often looks ahead, so it's quick to react to

Cavan Images / Getty ImagesAccording to JPMorgan, American consumers have spent all of their excess savings from the pandemic.The bank highlighted consumer weakness as one of the reasons stocks are poised to continue lower."Even with a strong job market, US

We may have lost a passing national leader earlier this week, but your list of opportunities to earn an elite CD rate is still going strong. A whopping 27 certifications in our daily ranking of the best CDs nationwide

Old Dominion beats Estes' offering of Yellow stations. (Photo: Jim Allen/Free Waves)Old Dominion Freight Line, which has less than a truckload, has entered into a $1.5 billion bid for Yellow Corp.'s terminals. The new show Bid price exceeds

China's economy is faltering, and experts warn its problems could affect global growth and business.Lintao Zhang/Getty StaffThe Chinese economy is facing headwinds ranging from property market instability to weak consumer demand.Experts told Insider that the deteriorating scenario in China does

Warren Buffett.Kevin LaMarque/ReutersWarren Buffett, Michael Berry, and others made amazing changes to their portfolios last quarter.Buffett's Berkshire Hathaway invested in homebuilders, while Perry established short-term positions.Companies associated with Dan Loeb, David Tepper, and Stanley Druckenmiller have acquired Nvidia shares.Warren Buffett,

(Bloomberg) -- Sacks Parente Golf ended its first week of trading lower, just days after it made its best initial public offering (IPO) debut on a U.S. stock exchange this year.Most Read from BloombergShares fell 20% on Friday, the third

Photo by DON EMMERT/AFP/Getty ImagesBank of America has warned that about $1 trillion in private debt is heading into potential trouble.Most of this debt was created by companies with a lower investment rating through high-yield loans or bonds.About $400 billion

More people could retire as millionaires.The number of people with $1 million or more saved in their 401(k) accounts jumped 10% from April to the end of June, according to Fidelity Investments. There was also a 13% share of

Ask an advisor: help me understand math. How does donating to charity reduce my taxes?If you give $50,000 in cash to charity, does that reduce your adjusted gross taxable income (AGI) by $50,000? So if my adjusted gross

Single family homes with skyscrapers in the background.The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United

Smart Established: What is the average retirement income?I wonder how your retirement savings Stack up other Americans' nest eggs? Or will your income in your post-work years be enough to keep you afloat? It's only natural to be

Stephen Jarvis, Certified Public AccountantI am over 72 years old. What can I do about avoiding the required minimum distribution tax (RMD)? I have a steady stream of other income.BernieDeferred tax accounts, like 401(k)s and traditional Individual Retirement

like economic inflation Calm down, the odds are growing that Social Security benefits won't rise as dramatically next year as they did in 2023.Retirees will likely look at a cost-of-living adjustment somewhere in the 3% range — less than half

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, US, February 6, 2020.Lucas Jackson/ReutersUS stocks closed mixed on Friday, with the Dow Jones completing its worst week since March.The S&P

(Bloomberg) -- Cybersecurity firm Palo Alto Networks Inc. After forecasting stronger bills for the year than Wall Street expected, easing concerns that slowing demand could affect results.Most Read from BloombergThe company expects billings for the fiscal year to range

shares accident (mRNA) And Pfizer (PFE) shares year-over-year on Friday -- after gaining late Thursday on the back of a rebound linked to the updated Covid snapshot. X Late Thursday, both companies said their latest Covid booster shots showed promise in lab

Ask an Adviser: Why Do My Financial Advisers Charge 1%?Why does a financial advisor charge a fee of 1% or more? This seems really high. If my return is only 4% (say, in a dividend), I'm giving away