The beach retreat for Manhattan is one of a number of getaway markets that have been benefiting from the wealth effect of rising stocks. Vacation homes made up 13% of all sales last year, the highest level since 2006, the National Association of Realtors reported this month.
<i>Breakfast with Benjamin:</i> What stocks to buy if you're ready to buy stocks. Plus: A different investor reaction to a Netflix price hike; earnings coming fast and furious; when CEOs stop buying back their stock and don't forget Earth Day.
As the political fight over raising taxes for high-income Americans fades, so are predictions for negative economic fallout. The first boost in marginal income rates in 20 years is already reducing the U.S. budget deficit without tipping the economy into recession.
In a newly-announced restructuring, BlackRock CEO Laurence Fink is staying put but he has lined up new set of deputies and sets new roles for at least 10 execs.
Five singled out; $150,000 donated to charities.
Bond King challenges former heir apparent to explain departure.
But analysts divided over longer-term prospects: Some see end of bull market while others see pause.
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
But there's plenty of resistance from plan sponsors
Still wary of being accused of conspicuous consumption, the wealthy are paying for high-end experiences and access to celebrities, professional athletes and exclusive events.
<i>Breakfast with Benjamin:</i> The truth of the housing market is about to hit. Plus: A fresh batch of market data to start your week; the rich have gotten richer since the financial crisis; stocks are being called overpriced; and why working for a hedge fund is better than working at your company.
T. Rowe Price's Christine Fahlund puts theories to test.
'Plowhorse economy' ambled along despite some negative news; how much upside room is left?
Agency to enforce one IRA-to-IRA rollover every 365 days rule despite earlier interpretation.
With the bull market intact after “good flat” first quarter, changes are afoot, leading strategists to suggest looking broadly for investment opportunity in the second quarter. Jeff Benjamin explains.
Wall Street leaders including Lloyd Blankfein and James Gorman, who have courted business in Vladimir Putin's Russia, are facing a dilemma as tensions over Ukraine escalate.
Stocks, bonds and commodities rose together in February for the first time in seven months, reversing January's losses. The S&P 500 is at a new all-time high. So who's panicking now?
Coffee is up 80% this year. Lean hogs are up 28%. Corn is up 13%. Gold is up 12%. Most of these same commodities were down last year, and any of them could fall at the drop of a hat. How can an investor take advantage of these markets...and sleep at night?
Joins Cetera CEO Valerie Brown in ranks of women running top broker-dealer networks.
