Follow The Daily Ticker on Facebook! Your “golden years” may not be so golden. The majority of Americans (75 percent) nearing retirement age had less than $30,000 in their retirement accounts in 2010. For the poorest Americans in the 50-to-64-age bracket, the average amount saved for retirement was $16,034. The lack of nest egg savings [...]
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Follow The Daily Ticker on Facebook! Timing isn’t everything in life, but it helps. And now that Facebook’s (FB) stock has been cut in half since its May IPO, which priced at $38 per share, it’s time to compliment the clever folks who sold when everyone else was convinced that playing the Facebook IPO was [...]
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Follow The Daily Ticker on Facebook! Wall Street’s latest disaster is the trading firm Knight Capital (KCG), which somehow managed to lose hundreds of millions of dollars in a half hour last week from a “software glitch”–a capital loss that almost destroyed it. Knight has now received an emergency investment of $400 million from a [...]
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Follow The Daily Ticker on Facebook! Every month The Daily Ticker brings you some of the most outrageous acts in corporate America thanks to Michelle Leder and her team at Footnoted.com who tirelessly comb through pages and pages of corporate SEC filings. Leder joins Aaron Task in the accompanying interview to discuss what were July’s [...]
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