One of my favorite financial planning clients represents a story that is part success, part sadness. Betty, we’ll call her, married young and became a widow not long after. She never remarried, worked as a legal secretary, and lived in a neighborhood in Baltimore that could only be described as…

Annuities are setting sales records, thanks to higher interest rates, lower stock prices, and aging Baby Boomers. It’s been years since annuities were able to offer payouts comparable to today’s, and the annuities protect your principal and guarantee lifetime income. Since many people have significant portions of their retirement savings…

Stephen R. Covey’s best-selling book The 7 Habits of Highly Effective People was first published in 1989 and has gone on to sell over 40 million copies worldwide since, and continues to sell today for the simple reason that its content is built around timeless principles rather than trends. Designed…

DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the Japanese company’s board.Shares of Toyota on the New York Stock Exchange closed Friday at $164.35 per…

An attorney who quit the team defending Donald Trump in the criminal classified documents case said Friday he would no longer represent the former president in a separate defamation lawsuit against CNN.The lawyer, Jim Trusty, said in a court filing that his request to withdraw from the $475 million civil…

Lawmakers’ calls to investigate the proposed partnership between the US-based PGA Tour and Saudi Public Investment Fund–backed LIV Golf are escalating. On Friday, Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, and the chair of the Senate Banking, Housing, and Urban Affairs Committee, Sen. Sherrod Brown,…

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Binance.US and the US Securities and Exchange Commission have agreed on a compromise that avoids the freezing of the exchange’s assets.On Saturday, US Judge Amy Berman Jackson approved an agreement between the two, dismissing a previous temporary restraining order (TRO) that would freeze all Binance.US assets. Under the agreement, Binance Holdings, BAM Management US, BAM Trading Services, and founder Changpeng “CZ”…

Federal Reserve Chairman Jerome Powell will be in the spotlight next week with appearances on Capitol Hill in front of the House Financial Services Committee and the Senate Banking Committee. Powell’s testimony will supplement the release of the Fed’s semi-annual monetary policy report.Investors will also be watching to see if…

General Motors plans to open a fourth battery plant in the US heartland, part of its programme to chase Tesla on electric vehicle sales by following a similar playbook.Billionaire Elon Musk’s car company pursued a strategy of vertical integration over the past decade that helped make the Tesla Model 3…