Archive for January 16th, 2019

John C. Bogle, the father of the retail index fund and an outspoken champion for low-cost investing that won him heroic status among individual investors, died Wednesday. He was 89.

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The Internal Revenue Service will waive penalties against taxpayers who withheld too little of their pay for taxes last year.

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Shopko will close another 38 stores as part of the reorganization and has secured up to $480 million in financing from a group of lenders.

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"If it survives by next year, it will be by the grace of God.”

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Home sales in the U.S. slumped in December, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin.

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Be very careful where you wire the deposit on your new home

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<p>Ford forecast a weaker-than-expected fourth quarter profit Wednesday and said tariffs could erode 2019 earnings by about $700 million, sending its shares down 2 percent in early trading.</p>

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Sears will live on, at least for now.&nbsp;

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<p>Stocks rose on Wednesday as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America.</p>

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Andrea Orcel, Europe’s most famous investment banker, was poised to become the new chief executive of Santander. But the bank refused to pay him compensation earned at his previous post.

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The CEO of WeWork has made millions of dollars by leasing multiple properties in which he has an ownership stake back to WeWork, one of the country’s most valuable startups.

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U.S. stock futures were slightly higher on Wednesday, following a parliamentary defeat for British Prime Minister Theresa May's Brexit deal.

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