1. Decide who is your one trusted advisor—then build a support team around that person. You should take the time to identify your one trusted advisor?and build a team of other professionals around him or her. Frequently, the newly wealthy have previously been working with one professional, such as an accountant, financial advisor or insurance broker, and continue relying on that same professional as their?primary source of advice.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis. In a Wall Street Journal opinion piece http://cbolem.tw.www.wsj.com/articles/congress-raise-debt-limit-ceiling-yellen-treasury-brinkmanship-federal-budget-11632069056, Yellen said that the crisis triggered by a default would compound the damage from the continuing coronavirus pandemic, roiling markets and plunging the U.S. economy back into recession at the cost of millions of jobs and a lasting hike in interest rates. "We would emerge from this crisis a permanently weaker nation," Yellen said, noting that U.S. creditworthiness has been a strategic advantage.
- Yahoo Finance
Stock market news live updates: Stock futures sink amid China's Evergrande default risk, debt ceiling debates
U.S. stock futures sold off Monday morning, tracking declines in overseas equities as investors nervously eyed the potential ripple effects of a default of a major Chinese real estate company and ongoing debates over the debt ceiling in Washington.
- Yahoo Finance
Top news and what to watch in the markets on Monday, September 20, 2021.
The end of America’s 20-year war in Afghanistan has opened up an opportunity for China and Russia to tap the country’s vast mineral wealth
- Yahoo Finance
Almost one third of all working age men in America aren’t doing diddly-squat. They don’t have a job and they aren’t looking for one either. How do they live? What are they doing for money? To me, this is one of the great mysteries of our time.
- The New York Times
Iran’s top nuclear scientist woke up an hour before dawn, as he did most days, to study Islamic philosophy before his day began. That afternoon, he and his wife would leave their vacation home on the Caspian Sea and drive to their country house in Absard, a bucolic town east of Tehran, where they planned to spend the weekend. Iran’s intelligence service had warned him of a possible assassination plot, but the scientist, Mohsen Fakhrizadeh, had brushed it off. Sign up for The Morning newsletter f
- Yahoo Finance
Investors' main focus this week will be on the Federal Reserve's September monetary policy meeting, which will set the stage for more debate around the timing of tapering and the outlook for the economy. Other economic data out this week will focus on the housing sector.
Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed.
- FX Empire
The direction of the AUD/USD early Friday is likely to be determined by trader reaction to the 50% level at .7293.
Some of Britain's meat processors will run out of carbon dioxide within five days, forcing them to halt production, the head of the industry's lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and has shut fertiliser plants that also produce carbon dioxide (CO2), used to stun animals before slaughter and prolong the shelf-life of food. The shortage of CO2, also used to put the fizz in beer, cider and soft drinks, has compounded an acute shortage of truck drivers in the UK, which has been blamed on the impact of COVID-19 and Brexit.
- Yahoo Finance UK
Smaller firms are facing backlash from customers, having made price promises which will be impossible to keep in the current climate.
- Simply Wall St.
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.As the federal debt limit brings a disastrous government default ever closer, Congress will turn to the Treasury Department for the one thing it cannot deliver: a precise deadline.House lawmakers this week are scheduled to vote on an increase in the debt ceiling, with no likelihood of passage in the 50-50 Senate assuming Republicans vote en masse against it. That leaves the Treasury on
The leader of Guinea's recent coup told a delegation of West African leaders he was not concerned about new sanctions imposed by the regional bloc to pressure a swift transition to constitutional rule, the junta's spokesman said on Saturday. The Economic Community of West African States (ECOWAS) agreed on Thursday to freeze the financial assets of the junta and their relatives and bar them from travelling in response to the Sept. 5 ouster of President Alpha Conde. Coup leader Mamady Doumbouya has shrugged off the move, telling high-level ECOWAS envoys that "as soldiers, their work is in Guinea and there is nothing to freeze in their accounts," junta spokesman Amara Camara said at a briefing.
- The Week
The senator isn't a Trump loyalist, and it's coming back to haunt him
Sep.19 -- The clock is ticking down on the congressional vote to raise the U.S. debt ceiling. Treasury Secretary Janet Yellen has renewed her call for action. Bloomberg’s Kathleen Hays reports on “Bloomberg Daybreak: Asia.”
Investors are fixated this week on the Federal Reserve’s policy meeting as the U.S. central bank approaches the final quarter of the year, when it is expected to begin paring back its unprecedented level of bond purchases as the first step toward normalizing monetary policy. Although investor expectations are high that tapering will start in 2021, there is still much uncertainty around when the Fed will announce and subsequently reduce bond purchases. Here are five of the main issues investors will be watching at the conclusion of the Fed’s two-day meeting on Wednesday.
Cryptos are challenging the dollar’s long dominance in world finance. We examine the threats and opportunities as currencies go digital.
Thousands have been living under and near a bridge in the Texas border city of Del Rio.