GE boosts profit outlook, but stock falls as booming order growth cools

I was just reading a report in The Washington Post that asks a question that shouldn’t need to be asked: “Should you drink bottled water or tap?” Since I wrote my first book, “Life or Debt,” about 25 years ago, I’ve been telling anyone who will listen that bottled water is one of the greatest…

I’ve changed the way I shop over the past few years. And although the shift has been subtle, I’ve found that I’m much happier with the things I buy. In the past, my approach to shopping was simple. If I wanted a new thneed, I would go to a store (or, with the advent of…

The implied tax subsidy rates for large profitable firms vary significantly among countries that grant notable relief, ranging from 1 percent in Denmark to 39 percent in Portugal. France and Poland provide the second and third most generous relief after Portugal, with implied tax subsidy rate of 36 percent. Of the countries that grant notable…

Mortgage interest rates crossed the 6.5% threshold again today. July’s rates have been elevated beyond what we saw in June, trending above last month’s average (6.34%) for 16 days straight. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.51% APR, according to rates provided to NerdWallet by Zillow. This is two basis…

If you are retired, you’ve probably felt the strain on your budget this year as inflation has increased by more than the 2.8% Social Security cost-of-living adjustment (COLA) you got in January. If you don’t have the personal savings to pick up the slack, you may have no choice but to make some uncomfortable choices…

“Mr. McSevney raised millions from investors for what was presented as a mortgage investment corporation but most of those funds were not invested as promised,” Lysyk said. “This has no place in Ontario, and this outcome reinforces our commitment to protecting the integrity of our capital markets.” McSevney’s matter returns to court on September 8,…