Senator Elizabeth Warren said First Republic’s takeover made the “too big to fail” problem worse. The regional lender was seized by the FDIC and sold to JPMorgan on Monday. “A poorly supervised bank was snapped up by an even bigger bank—ultimately taxpayers will be on the hook.” Loading Something is loading. Thanks for signing up!… Continue reading First Republic’s takeover worsens the ‘too big to fail’ bank problem, and taxpayers will be on the hook, Elizabeth Warren says
FP Answers: Can I retire at the end of this year given the recent downturn in the markets?
You have enough to retire if you are comfortable with your situation, expert says Published Apr 28, 2023 • Last updated 3 days ago • 4 minute read Markets are going to move up and down throughout your retirement, expert says. Photo by Michael Nagle/Bloomberg files By Julie Cazzin with Allan Norman Advertisement 2 This advertisement… Continue reading FP Answers: Can I retire at the end of this year given the recent downturn in the markets?
Why CRA denied taxpayer’s medical expense claims related to moving because of disability
Jamie Golombek: Judge says taxpayer was seeking a benefit that is not provided to anyone under the Income Tax Act Published Apr 27, 2023 • Last updated 3 days ago • 5 minute read The taxpayer’s disability necessitated a move from the couple’s two-storey, century-old home to a single-storey, grade-level home that could accommodate his increasing… Continue reading Why CRA denied taxpayer’s medical expense claims related to moving because of disability
This Alberta couple won’t retire for another 30 years, but they can start planning now
Expert suggests a financial plan updated every five years will provide both clarity and a big picture view Published Apr 27, 2023 • Last updated 3 days ago • 7 minute read These 30-something Albertans hope to have another child in the next few years and see themselves buying some property and building a home where… Continue reading This Alberta couple won’t retire for another 30 years, but they can start planning now
Russia’s domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high
Russia’s benchmark MOEX index is trading at levels not seen in over 12 months. Russia’s stock market is boosted by domestic investors who have few options amid sweeping sanctions. The MOEX Russia Index has gained 24% so far this year after tanking 42% in 2022. Loading Something is loading. Thanks for signing up! Access your… Continue reading Russia’s domestic stock investors, shut off from the international financial system, have helped send the Moscow Exchange to a 12-month high
From a painful credit crunch to a meltdown in the commercial real estate market, here’s what top economists are predicting for the coming months
Top economists see a painful credit squeeze and crash in the commercial real estate market. David Rosenberg predicted the US will tip into a recession by September. “A recession is a very big call because it’s a haircut to national income,” he said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading From a painful credit crunch to a meltdown in the commercial real estate market, here’s what top economists are predicting for the coming months
Here’s what Jerome Powell’s critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle
Fed Chair Jerome Powell has faced mounting criticism for his leadership of the US central bank. Critics have blasted the Fed for responding too late to inflation and now being on the brink of causing a recession. Still, some say that the Fed is doing its best in the face of unprecedented conditions and a… Continue reading Here’s what Jerome Powell’s critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle
‘The market is getting impatient with the Fed’: Here’s what investors are looking for at the Fed’s upcoming policy meeting
The Fed looks set to raise interest rates for a 10th consecutive time at its May meeting this coming week. A signal of a pause in hikes or a dovish Chairman Powell could ignite a rally in markets. A portfolio manager said it may take a black swan event to prompt the Fed to cut… Continue reading ‘The market is getting impatient with the Fed’: Here’s what investors are looking for at the Fed’s upcoming policy meeting
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