News That Matters

Finance

Financial stocks are giving us a ‘warning sign’: Money manager

Financial stocks are giving us a ‘warning sign’: Money manager

Finance
There are a lot of positives right now for the banking industry, yet the stocks aren’t responding — and that’s a signal for investors, market expert Quint Tatro told CNBC on Thursday. Bank equities have underperformed this year despite a strong economic recovery, the managing director at Joule Financial pointed out. Also, short interest rates are going higher, and there has been deregulation. “The financials are giving us a warning sign that something’s coming that’s not being reflected in the other sectors,” Tatro said on “Closing Bell.” ...
Why perks aren't the answer to retention problems

Why perks aren't the answer to retention problems

Finance
Could future offices be homes for farm animals? Perks like free car washes, dry cleaning pickup and a fully-stocked kitchen can help entice new workers to join a company. But they won't necessarily keep them there. "It's a job seeker's market right now. That means employers need to work a little harder to find and retain talent," said Sarah Stoddard, senior public relations specialist at Glassdoor. "And when you boil it down to what employees are really looking for, it is traditional benefits with a strong company culture — one that really values employees." Having a strong company culture helps workers feel more purposeful and connected to their work. That leads to more engaged and loyal workers. "You can pay attention to how much people are paying and their p...
Trump is 'dead serious about protectionism and tariffs,' says analyst

Trump is 'dead serious about protectionism and tariffs,' says analyst

Finance
As trade tensions escalate, market watchers remain on edge. "What we do know now is President Trump is dead serious about protectionism and tariffs," Michael LaBella, equity strategist at QS Investors, told CNBC. "This is not going to be a political sideshow." On Tuesday, President Donald Trump's administration released a list of more tariffs — this time a 10 percent tariff on as much as $ 200 billion worth of Chinese goods. The latest round of levies faces a review process, with hearings taking place in August. The announcement came just days a...
Survival of the richest: the wealthy are plotting to leave us behind

Survival of the richest: the wealthy are plotting to leave us behind

Finance
This article was originally published on Medium. Last year, I got invited to a super-deluxe private resort to deliver a keynote speech to what I assumed would be a hundred or so investment bankers. It was by far the largest fee I had ever been offered for a talk — about half my annual professor’s salary — all to deliver some insight on the subject of “the future of technology.” I’ve never liked talking about the future. The Q&A sessions always end up more like parlor games, where I’m asked to opine on the latest ...
Facing pension related problems? Here's how to complain to the government

Facing pension related problems? Here's how to complain to the government

Finance
If you are a central government pensioner who has been facing issues related to your pension and your grievances are not being resolved by the bank or government department despite your repeated complaints, then you can lodge your complaint on the www.pensionersportal.gov.in. This portal helps pensioners to raise their grievances with senior people in the concerned department in case they have received unsatisfactory responses so far or if they do not know who to approach regarding their pension related issues. To file a complaint on the portal, you must keep your Pension Payment Order (PPO) number handy to ensure that your complaint is quickly answered by the government. Follow the steps below to lodge your pension grievance. 1. Go the website, www.pensionersportal.gov.in and click on CPE...