The 4% Rule Is Dead: PwC
Withdrawing 4% per year in retirement may work for the wealthy but could be disastrous for everyone else, a new PwC study finds.
Institutional Investors Get Social
Nearly half of institutional investors have taken action based on information from social media, a Greenwich Associates study found.
FINRA OKs Changes to Communications Rules, Seeks Public Comment
FINRA will also file with the SEC to charge a $115 fee for the MSRB's new muni advisor qualification exam.
House Votes to Kill Estate Tax
The "death tax is actually hurting our economy now and putting unnecessary pressure on families and small businesses," said House Ways and Means Chairman Ryan.
Citigroup Beats Estimates as Cost Cuts Cushion Trading Slump
The bank still faces several investigations, which may negatively impact upcoming financial results.
Goldman Profit at 5-Year High as Every Business Tops Estimates
The investment bank turns things around after last quarter's decline in net income.
Renewable Energy Booms, Coal Energy Falters
In 2015, the US could set new national records for annual renewable build, coal retirements, and gas burn from the power sector.
New Hire Roundup: Ken Fisher Is Not Retiring—Yet
Reports of Fisher’s imminent retirement were exaggerated. Meanwhile, asset management firm TCW Group announced that Heather Conforto Beatty joined as SVP.
Gates, Pritzkers Take on Musk in $5 Billion Race for New Battery
Gates is backing MIT’s Donald Sadoway, who says he’s perfected the chemistry for a 10-ton liquid metal battery.
Half of Retirees Wish They Had Quit Earlier
If they could have retired with the same amount of money, retirees wish they had stopped working four years earlier, an NY Life survey found.