The financial markets and the economy are powerful forces that shape our lives every day. The least we can do is try to understand them so we can better manage our lives and assets more effectively.
Interview with Wells Fargo CEO John Stumpf
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Mary Thompson of CNBC interviews Wells Fargo CEO John Stumpf, who discusses lending policies to small business.
InfraBuild, the Australian steel and recycling unit of London-based GFG Alliance, has secured a $350 million loan to acquire US-based wire rod steel businesses from its parent company. Jefferies LLC acted as sole arranger on a senior secured asset-backed term loan by funds and accounts managed by BlackRock and Silver Point Finance, GFG stated Monday May 29 The success of funding "exceeded expectations" in terms of total funds raised, an industry source familiar with Liberty Steel's US operations told Fastmarkets Thursday June 1. There is no immediate impact on Liberty Steel's wire rod businesses in the US, as those business "have already been an operating part of the group and this just formalizes that," the source added. InfraBuild said it will continue to explore various additional financing alternatives that can be used together with the proceeds of the asset-backed term loan, “to further drive its growth and potential acquisition of steel assets in the U...
Hunter Horsley, chief executive officer of Bitwise Entrepreneurs believe that crypto index funds will greatly expand the crypto investor base just as the S&P 500 and the Russell 2000 indexes have done for stocks. By Robert Stowe England As entrepreneurs look to take cryptocurrency mainstream, they’re copying a tried-and-trusted approach from traditional investing: indexing. Index investing is designed to generate returns that are similar to a broad market index. This approach can reduce the risk of picking individual assets which might underperform the broad market. So, in the case of an equity index, instead of picking say Exxon, Apple, Johnson & Johnson, and Ford, for example, you invest in the broad market. Several new crypto index products have launched recently, offering investors new avenues into the market without some of the risks associated with putting money into single blockchain projects. Crypto indexers take their cu...
Those who have tested several calculators find different models tend to come up with different answers By Robert Stowe England January 5, 2017 See companion article at this link . How much money will you need to retire and live comfortably? That’s the question online retirement calculators try to answer. The answer to that question, in turn, affects how much you need to save every year and how you should invest your assets to reach your retirement goals. Those who have tested several calculators find different models tend to come up with different answers to the same question. Some observers attribute the different outcomes to different model designs and varying assumptions about inflation and investment return, among other factors Online retirement tools require users to submit data on annual income, annual savings, accumulated assets, and the number of years until retirement. The tools generate an estimated total savings you will need when you retire. Some al...
I think Joh Stumpf is still doing pretty good job.
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