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Financial News

Senior Millionaires and the education of their grandchildren

According to a 2014 Spectrem’s Millionaire Corner wealth level study, 39 percent of senior Millionaires over the age of 65 consider financing their grandchildren’s education one of their primary concerns.

Op-Ed: Fill your retirement bucket before you kick the bucket Special

Sonoma - In the second of his "summer school" for financial success talks, financial advisor Daren Blonksi of Edward Jones said, "Think about how you want to fill your bucket of retirement money before you 'kick-the-bucket?' It is important to think about this."

Op-Ed: Summer school for financial topics now in session in Sonoma Special

Sonoma - 'Investing for the Long Term' was the theme of financial advisor Daren Blonski's talk on June 3 held at the Sonoma office of Zainer Rinehart Clarke.

Giant Swiss bank to plead guilty to U.S. criminal charges

Washington - Worldwide banking giant Credit Suisse Group is expected to plead guilty Monday to criminal charges connected to efforts to enable high-income Americans avoid U.S. taxes.

Appeals court upholds Fed's debit card 'swipe fee' limits

A U.S. appeals court upheld the Federal Reserve's controversial rules for debit card "swipe fees" on Friday, disappointing merchants who had argued the charges were too high.

NY regulator says financial firms could face bans over money laundering

New York state's top financial regulator on Wednesday said his office, as part of efforts to crack down further on Wall Street misdeeds, is considering banning certain banks from specific business...

Big banks need point person for money-laundering lapses: regulator

Big banks should designate senior managers to oversee efforts to police transactions for criminal activity and take responsibility when lapses occur, a top U.S.

New York takes London's crown as top financial center: survey

New York has knocked London from its position as the world's leading global financial center after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen.

Skype-type money swaps bad news for banks?

Tallinn - Irked by high bank fees on international money transfers, two Estonian IT whizzes who helped engineer Skype and Paypal have hatched Transferwise, a global Internet platform coordinating currency swaps between individuals."Hey, hidden fees.

GE Capital and Slate win Midas Award for content marketing effort

In 2013, GE Capital partnered with Slate to create the "Roadshow For Growth," and the long-form content strategy and tour was recently recognized with a Midas Award.

Bitcoin ban imposed on financial businesses in China

The central bank of China decided to ban Bitcoin pricing, selling, buying, and product insurance for financial companies, citing that Bitcoin is an unstable virtual money despite continued investor interest.

U.S. plans to arrest 2 former JPMorgan employees over $6B loss

New York - Authorities are planning to arrest two former JPMorgan Chase employees suspected of masking the size of a multi-billion-dollar trading loss.

Financial marketers discuss content marketing at rooftop event Special

New York - At the Financial Communications Society's Case Studies in Multi-Channel Content Marketing event, panelists found a common thread in "device agnostic" content.

Plan for Internet financial disclosures quietly repealed

The United States Congress has decided on Friday to repeal a plan that would require congressional staff, as well as employees in the executive branch, to make their financial disclosures available to the Internet.

Massive cyber attack in USA, Europe and Latin America

Leading cyber security company, McAfee, has issued a breaking news report that indicates that the U.S., European and Latin American financial systems are under a massive cyber attack.

The Chinese Yuan May Become A World Currency

China seeks to replace the diminishing U.S. dollar as the world reserve and trade currency, and efforts are underway in Beijing to set up the Chinese yuan for global currency.

Stress reducing tips for filing your tax return in Canada Special

Toronto - When signs of spring start to pop up, who wouldn't want to celebrate the warm weather and longer days inside, under piles of papers and receipts? Kidding! Come April, tax season brings its frustrations and stress, but with some planning, it need not be.

Bank of America declares living customer dead for last 3 years

Prosperity - Imagine living day in and out not knowing you were dead? That's what Arthur Livingston recently discovered. In Oct. the Prosperity, S.C. man tried to obtain a loan from a mortgage company. It was at that time he learned he had been declared "dead."

US government still owed $1.5 trillion in financial bailout money

Washington - As US politicians spent a month haggling over raising the country’s debt ceiling and financial markets around the world remain in turmoil, a new report shows the Treasury and Federal Reserve are owed $1.5 trillion from the financial industry bailout.

Social network LinkedIn set for IPO on Thursday

LinkedIn, the business oriented networking site, is set to go public May 19 in what is expected to be the first among a batch of high-profile Internet firms to go public.

GE avoids paying federal taxes despite $14 billion in profits

While Congress is grappling with broad budgetary issues, General Electric managed to avoid paying any federal taxes even though the company made $14 billion in global profits.

Cartoonist suggests violent revolution against US government

Appearing on MSNBC's 'Dylan Ratigan Show,' leftist political cartoonist Ted Rall calls for financial rebellion and outright violence against the American government.

Op-Ed: A Golden Obscenity? The world's most expensive coin for sale

Vienna - Produced by the Royal Canadian Mint, the biggest coin in the world is more than half a meter wide, weighs 100 kilogram and will be on auction in Vienna next week. How weird does one have to be in order to buy this, to want to own this?

Greece makes call for financial bail out

The Greek economy has been struggling in recent times and tonight it made a call for a bail out. It has turned to the European Union and the IMF for emergency loans to rescue the country from its financial crisis.

Op-Ed: The Lazarus Rally in 2010

Stocks will not repeat the performance of the last 12 months. The last 12 months were fueled on liquidity and promised future growth. The future is here but the growth is not.

Op-Ed: Daily Financial Market Commentary

OK.. after a touch of gloom and doom yesterday, an attempt at being more upbeat about the markets today as December gets under way.

Accountants dupe crime novelist Cornwell for $40 million?

The personal fortune of prolific writer Patricia Cornwell and her spouse has vanished. The suspect in this caper is an accounting firm. With an almost nonexistant paper trail to follow, will the mystery of the missing $40 million be solved?

One in Seven Japanese Living in Poverty

Despite having one of the world's largest and most equally distributed economies, more of Japan's population is living in poverty now than a decade ago.
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Still  Blonski advises that people must take the time to  design their retirement  and to  fill that...
Still, Blonski advises that people must take the time to "design their retirement" and to "fill that bucket of funds before you kick-the-bucket." "Think of the bucket as your fun bucket. You will not have any fun or enjoyment in retirement unless you fill the bucket," he said.
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Kerri Berry is a CPA with Zainer Rinehart Clarke. She told the gathering of about two dozen people t...
Kerri Berry is a CPA with Zainer Rinehart Clarke. She told the gathering of about two dozen people to pay close attention to the tax rates of Investment Earnings. And, to know the distinctions between how interest is taxed and how dividends are taxed.
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About a dozen people attended the second in a series of  summer school  talks on June 10  regarding ...
About a dozen people attended the second in a series of "summer school" talks on June 10, regarding finances and financial topics provided by Daren Blonski of Edward Jones Investments.
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Stick to your investment strategy. As this graph illustrates  for a one-uear holding periond in the ...
Stick to your investment strategy. As this graph illustrates, for a one-uear holding periond in the stock market the difference between the "best" and "worst" is dramatic. In fact, it might look as if an investor gambled with money rather than invested it. However, adding more time to the holding period of an amount invested helps to paint a different picture. (Sources for this info are from Morning Star and Edward Jones monthly data, 2014).
Courtesy of Daren Blonski and Edward Jones Investments
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Daren Blonski invited fellow financial consultant Jaques Finn to speak about the importance of finan...
Daren Blonski invited fellow financial consultant Jaques Finn to speak about the importance of financial health for women. Over a dozen gathered at the Sonoma Valley Chamber of Commerce on July 18, 2013 to listen to some important facts about finances for women.
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A view of Canadian money
A view of Canadian money
KittyCanuck
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