Analysts spent early November warning a Trump victory in the U.S. presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it made a December increase a near certainty.
U.S. banks stocks jumped the most since May, led by regional lenders, on speculation a Trump presidency could usher in reforms that ease regulatory burdens on financial-services firms.
U.S. stocks rallied amid heavy trading and Treasuries tumbled as investors reassessed the effects of Donald Trump’s surprise victory in the American presidential election.
For a sense of how fungible the label “financial adviser” has become, talk to Mike Chamberlain of Chamberlain Financial Planning & Wealth Management, which has an office in Sacramento. “’Financial services industry’ is a very broad term,” he says, “and I don’t like being included in it.
Recently, within the context of being a co-founder and mentor at Roseville’s Glue Factory, an incubator for entrepreneurs willing to give back to the community in exchange for free workspace and guidance, I am often asked about the ins and outs of family and friends investing in a startup company.
Making advance funeral and cemetery arrangements (“preneed”) will provide the most peace of mind for yourself and your family. Much like an advance health directive lays out your wishes while you’re alive, a preneed agreement establishes your wishes afterward.
You’ve heard the phrase, “It’s not personal, it’s business.” However, when it comes time to transition or sell your business — either to an outside buyer or to a family member — emotions often come into play.
On New Mohawk Road in Nevada City, the 27,000-square-foot facility has three components: a training academy, business accelerator and coworking lab for established companies. The academy will include classes that can last from a weekend to up to six months. The Green Screen Institute will hire industry experts on a contract basis to teach the classes. The idea is to develop the workforce needed for the influx of virtual reality and augmented reality companies.
At first everything’s great. You talk all the time, set life goals together, exchange notes. One day you notice the conversations have gotten shorter, the notes less frequent. Calls go unanswered. Maybe you two aren’t such a great fit after all. The problem is, this person manages your life savings.
When it comes to gift-giving, you can’t go wrong with a gift card, right? Well, not exactly. Research shows that more than $1 billion in gift cards go unredeemed. Based in West Sacramento, GiftCardBin has been banking on that stat since 2008, buying and selling gift cards that might otherwise go to waste. (Like the $25 Starbucks card you probably have in your wallet right now.)
Between the day-to-day demands of life, and fiscal responsibilities (like budgeting) necessary for retirement preparation, sometimes important aspects of planning for the future get overlooked. It’s not uncommon for someone to have spent their entire career with an eye toward their post-work life, only to retire and wonder, what am I going to do now?
If it seems like they’re having fun, they are. That’s because the trust derived from a 23-year business partnership, a union rooted in mutual respect and shared interest, is bound to translate over the air. Hanson McClain’s Money Matters, a Saturday call-in financial topic radio program, was originally created by Scott Hanson and Pat McClain to give their investment advisory firm some added name recognition.
Pauline Marx, 63, had been a pretty conventional investor in stocks and bonds until April 2014. But to her, the rock-bottom interest rates on fixed-income tools like Treasury bills and CDs felt like stuffing money under the mattress.Then a friend told her about Fundrise, a website that lets investors buy small shares of real estate ventures around the country.
Important tax legislation that becomes retroactive to the beginning of the year is often not finalized until late in the year. Obviously, this leaves very little wiggle room for tax planning. To get ahead in your preparations, there are things you can think about or do now, to avoid a rush come December.
Wells Fargo & Co., the world’s largest bank by market value, posted a third-quarter profit that beat analysts’ estimates on gains in interest income from asset purchases and new loans.
There’s an old saying about family businesses: Shirtsleeves to shirtsleeves in three generations. Grandpa hustles and creates the business,Dad takes the baton and then Junior goes down with the ship. According to the Family Firm Institute, just 30 percent of family businesses survive into their second generation, and only 10 percent make it to their third. Why do these firms fail?
We sat down recently with CEO Lisa Rowland Basher, the fifth generation of her family to run the company, to learn a little bit about the Jelly Belly philosophy of sustaining a family business.
Scott Hanson and Pat McClain started their careers as employees of an insurance giant that simply sold proprietary investment products. Immediately dismayed by this short-view approach to business, they both dreamt of creating something new.
Trends in politics take hold as quickly as those in fashion, and minimum wage increases are definitely “in” this political season. But unlike in the past when Capitol Hill and state legislatures served as battlegrounds for minimum wage debates, cities are now the epicenter. Buoyed by increases enacted in a handful of megacities, American municipalities of all sizes have started asking whether they should follow suit, and if so, to what degree.