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Who gets what in a blended family with no will? + MORE May 16th
Q: What happens if I die, was previously married and had a will—but am now remarried (blended family) and have not written a new will? What happens to my estate if I die? How is it divided? Does my new spouse get all the assets? Or is it split between all children (his and mine)? Or do just my o.... More »
Making sense of the markets this week: November 27, 2022 Nov 25th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
The best banks in Canada + MORE Oct 16th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
Three dates is all it takes to determine financial compatibility Jul 23rd
When you work as a team, you can build wealth together, writes Lesley-Anne Scorgie..... More »
Asian markets start week lower; Tokyo slumps 3 per cent + MORE May 2nd
SEOUL, South Korea – Asian stock markets fell Monday as investors registered their disappointment over the lack of fresh stimulus from Japan’s central bank. The surge in the Japanese yen and bleak readings from a monthly factory managers’ survey did little to lighten the gloom.
KEE.... More »
Asian stock markets mixed after China rate cut – CBC.ca
– news.google.ca
CBC.caAsian stock markets mixed after China rate cutCBC.caAsian stocks were mixed Wednesday and Shanghai's index fell despite Beijing's decision to cut a key interest rate to help stabilize gyrating financial markets and counter short liquidity. The benchmark Shanghai Composite Index fell late in the day …Asian stocks rise after rocky start following China rate cutCTV NewsAsian shares wobble as China rate cut fails to calm nervesReuters CanadaSteep Swings for Chinese Shares as Global Markets Turn MixedNew York TimesBloomberg -MarketWatchall 8,097 news articles »
Former JP Morgan analyst in San Francisco pleads not guilty to insider trading scheme
– canadianbusiness.com
LOS ANGELES, Calif. – A former J.P. Morgan securities analyst in California pleaded not guilty Tuesday to taking part in insider trading that prosecutors say netted more than $600,000.
Ashish Aggarwal, 27, of San Francisco, and two Los Angeles friends entered not guilty pleas in federal court.
A federal grand jury in Los Angeles indicted each of them on 30 counts of conspiracy, securities fraud, tender offer fraud and wire fraud. The three men surrendered to FBI agents earlier in the day and were expected to be released on bond.
Each fraud count carries a possible 20-year prison term. The men also are facing a lawsuit filed by the U.S. Securities and Exchange Commission.
“Mr. Aggarwal denies the charges against him. … and intends to vigorously defend himself against these allegations,” said a statement from attorney Grant Fondo, who is representing him in the SEC case.
Aggarwal was an investment banking analyst in J.P. Morgan’s San Francisco office between June 2011 and June 2013…
Ashish Aggarwal, 27, of San Francisco, and two Los Angeles friends entered not guilty pleas in federal court.
A federal grand jury in Los Angeles indicted each of them on 30 counts of conspiracy, securities fraud, tender offer fraud and wire fraud. The three men surrendered to FBI agents earlier in the day and were expected to be released on bond.
Each fraud count carries a possible 20-year prison term. The men also are facing a lawsuit filed by the U.S. Securities and Exchange Commission.
“Mr. Aggarwal denies the charges against him. … and intends to vigorously defend himself against these allegations,” said a statement from attorney Grant Fondo, who is representing him in the SEC case.
Aggarwal was an investment banking analyst in J.P. Morgan’s San Francisco office between June 2011 and June 2013…
Asian stocks were mixed Wednesday and Shanghai’s index fell despite Beijing’s decision to cut a key interest rate to help stabilize gyrating financial markets and counter short liquidity.
Business Highlights
– canadianbusiness.com
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Despite stock fall, financial health of many is still solid
WASHINGTON (AP) — Many Americans have just absorbed a financial beating — at least as measured by their stock holdings. It’s the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills.
But take a look at other gauges of Americans’ financial health, and a more nuanced picture emerges:
Hiring and home values are up. Gas prices and mortgage rates are down. Inflation is low. The pace of layoffs has dwindled.
Add it up, and the evidence suggests that many Americans — though certainly not all — are doing comparatively well.
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US stocks extend losses as early rally fades
A rally in U.S. stocks evaporated in the minutes before the closing bell Tuesday, sending the Dow Jones industrial average down more than 200 points and extending Wall Street’s losing streak to six days.
For most of the day, it appeared that the market had shaken off some of its worries about the slowdown in China, and at one point the Dow was up by as much as 441…
Despite stock fall, financial health of many is still solid
WASHINGTON (AP) — Many Americans have just absorbed a financial beating — at least as measured by their stock holdings. It’s the kind of blow that can feed a sense of helplessness about retirement, college savings and higher-than-expected bills.
But take a look at other gauges of Americans’ financial health, and a more nuanced picture emerges:
Hiring and home values are up. Gas prices and mortgage rates are down. Inflation is low. The pace of layoffs has dwindled.
Add it up, and the evidence suggests that many Americans — though certainly not all — are doing comparatively well.
___
US stocks extend losses as early rally fades
A rally in U.S. stocks evaporated in the minutes before the closing bell Tuesday, sending the Dow Jones industrial average down more than 200 points and extending Wall Street’s losing streak to six days.
For most of the day, it appeared that the market had shaken off some of its worries about the slowdown in China, and at one point the Dow was up by as much as 441…
More Minimum-Wage Backfires
– online.wsj.com
Wal-Mart earnings dip, while unions win wage-law exemptions.
