Alibaba tanks 10% and drives Chinese stocks lower after SEC says e-commerce giant faces potential delisting

Chinese stocks moved lower on Friday after the SEC flagged Alibaba for a potential delisting.Chinese companies listed on US exchanges have until 2024 to comply with a new law that requires them to be audited by US-based accountants.”If we’re in the same place two years from now,” many companies “would be suspended,” SEC Chairman Gary… Continue reading Alibaba tanks 10% and drives Chinese stocks lower after SEC says e-commerce giant faces potential delisting

Ark Invest’s flagship fund falters amid broader tech rally after earnings implosion from top holdings Roku and Teladoc

Ark Invest’s flagship fund has failed to keep up with the broader stock market’s rally this week.Earnings implosions from some of Ark’s top holdings like Roku and Teladoc added to the pain.Despite the sharp underperformance, Ark’s flagship fund has attracted nearly $2 billion in fund inflows year-to-date. Loading Something is loading. Ark Invest’s flagship fund… Continue reading Ark Invest’s flagship fund falters amid broader tech rally after earnings implosion from top holdings Roku and Teladoc

July’s stock rebound found ‘oxygen’ from falling Treasury yields – but the bear-market rally looks close to an end, says BofA

US stocks experienced a bear-market rally in July but the recent upswing is likely to fade, Bank of America said Friday.  The stock market rally found ‘oxygen’ from the fall in the 10-year Treasury yield prompted by ‘recession shock.’  BofA said a Fed pivot from its rate-hike campaign will emerge but the central bank isn’t… Continue reading July’s stock rebound found ‘oxygen’ from falling Treasury yields – but the bear-market rally looks close to an end, says BofA

Protect Your AirPods Max With These Affordable, Snap-On Protectors

The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. The superior sound and sleek look of the Apple AirPods Max make them excellent over-ear headphones. But if you use these headphones every day, you likely want to protect your… Continue reading Protect Your AirPods Max With These Affordable, Snap-On Protectors

How to Deal with Penalties from Tax Non-Payment

Step 1: Look into abatementCheck whether your circumstances could entitle you to abatement. The IRS can consider waiving the penalties if your reasons for not paying on time are due to circumstances outside your control, such as a death in the family, illness, imprisonment, a hurricane, or the destruction of your records. However, if your… Continue reading How to Deal with Penalties from Tax Non-Payment

FP Answers: Should I quit my job, take my pension money and invest it on my own?

Or should I work another three years and just take my full pension — paid monthly for life — at that time? A pension plan backed by the Ontario government is more secure than many pensions funded by private companies. Photo by Getty Images/iStockphoto files By Julie Cazzin with Doug Robinson Advertisement 2 This advertisement… Continue reading FP Answers: Should I quit my job, take my pension money and invest it on my own?

Stock Market Today: Stocks Wave Off Recession Worries | Kiplinger

Stocks posted solid gains for a second straight day on Thursday, even as preliminary data showed the U.S. economy contracted 0.9% in the second quarter. The latest report from the Commerce Department marks back-to-back quarterly declines in gross domestic product (GDP), and sparked a whirlwind of recession chatter on Wall Street. “Two consecutive quarters of… Continue reading Stock Market Today: Stocks Wave Off Recession Worries | Kiplinger