Tuesday, March 3, 2020

Why Americans Don’t Talk About Money - The Atlantic

These results seem to point to a society-wide gag rule that discourages the discussion of financial details. But there are caveats. The companies that tend to publish findings like these stand to gain from persuading people to talk more about their money, if not with their loved ones, then with a professional financial adviser. They're also, therefore, more likely to be interested in the psychological drama of people who make $100,000 a year than in that of people who make less.

Publisher: The Atlantic
Date: 2020-03-02T07:09:19-05:00
Author: Joe Pinsker
Twitter: @theatlantic
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In case you are keeping track:

Warnings about coronavirus crooks after your money

BIRMINGHAM, Ala. (WBRC) - As concerns over the coronavirus spread, people are looking for ways to protect themselves and their families. But some people might want to take advantage of that concern to line their pockets with your money.

Experts for the Better Business Bureau say widespread concern about the cornavirus opens the door for schemers to find ways to get your money.

"This is the same every day that comes up," Carl Bates with the Better Business Bureau of Central and South Alabama said they are a seeing a growing number of reports of consumers complaining about attempts to get their money.

Publisher: https://www.wbrc.com
Date: 2020-03-02T23:24:08.146Z
Author: Alan Collins
Twitter: @WBRCnews
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All Tom Steyer's Money - WSJ

Tom Steyer spent more than $250 million of his own money running for President—enough to buy 6,200 Teslas—before dropping out Saturday after a distant third-place finish in South Carolina. His money didn't win him a single delegate.

He spent nearly $150 million to boost Democratic candidates during the 2014 and 2018 midterms, perhaps hoping they would someday return the favor. He also spent liberally on TV ads calling for President Trump's impeachment. That may have spurred House Democrats, though impeachment seems to have helped Mr. Trump's poll ratings.

Publisher: WSJ
Date: 2020-03-03T00:23:00.000Z
Author: The Editorial Board
Twitter: @WSJ
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The Staggering Amount of Money Buffett's 10 Largest Investments Lost Last Week |

As you can imagine, not even the most revered investors were spared from the stock market downdraft last week, with the Oracle of Omaha taking his fair share of "lumps."

Warren Buffett's conglomerate, Berkshire Hathaway, makes money two ways. Over the decades, Berkshire has acquired around five dozen businesses from a host of sectors and industries that contribute to the company's top and bottom lines. But the Oracle of Omaha also manages Berkshire's 52-security investment portfolio which, as of recently, had well surpassed $250 billion in market value.

Publisher: _____
Date: 2020-03-03T06:06:00-05:00
Author: Sean Williams
Twitter: @themotleyfool
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While you're here, how about this:

Council Post: How To Get Extra Money From Mutual Funds

Bernicke Wealth Management .">Ty Bernicke, CFP®, is President and Senior Wealth Manager at Bernicke Wealth Management .

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The title of the 1985 song "Money for Nothing" by Dire Straits is a reference to the rock stars of this group achieving a wealthy status for doing easy work by playing music for people. Some mutual funds and exchange-traded funds, or ETFs, also derive easy money through a process called securities lending.

To understand how securities lending may add additional revenues for mutual fund and ETF investors, it is important to understand how securities lending works and what the benefits could mean for you.

Publisher: Forbes
Date: 2020-03-03
Author: Ty Bernicke
Twitter: @forbes
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'Shark Tank' star Barbara Corcoran confirms she got back the money that was stolen from

“I’m thrilled!” the star told Fox News in a statement. “I had already accepted it and moved on. Everyone told me I wouldn’t get the money back and it just seems unbelievable!”

* * *

At the time, Corcoran was told that it was very unlikely that anyone would be able to track down the money but it seems she was able to get ahead of the scammers before they finalized their nefarious bank transaction.

“The money was wired through a German bank on the way to the scammer’s Chinese account. But my bank put pressure on the German bank and they froze the money, giving us time to prove it was fraud,” she explained. “I really thought it was a goner!”

Publisher: Fox News
Date: 2020-03-03
Twitter: @foxnews
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Protecting your money, trip during coronavirus concerns - WISH-TV | Indianapolis News | Indiana

INDIANAPOLIS (WISH) – Rising concerns over the coronavirus have the travel industry trying to figure out what to do next.

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American Airlines told customers that it would waive change fees on all tickets bought between March 1 and 16.

News 8’s Angeli Kakade recently spoke to Seven Travel Insurance Company in Carmel who told her they’ve have a 60% increase in calls over the last week.

“Even if they’re not concerned or the area they’re going to hasn’t been impacted yet, the concern is, ‘hey, what if? What if there’s a larger outbreak than what we’ve seen so far? What if I have a trip to France and even though there isn’t a break there what if there is? What if I just don’t want to go later?’ Those are some of the concerns we’re hearing,” said Jeremy Murchland, President of Seven Corners.

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Publisher: WISH-TV | Indianapolis News | Indiana Weather | Indiana Traffic
Date: 2020-03-03T15:06:11 00:00
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Alphabet's Waymo accepts outside money as it raises $2.25 billion | Ars Technica

Until now, Waymo (formerly the Google self-driving car project) has been a wholly owned subsidiary of Google parent company Alphabet. While the company enjoyed a limited amount of autonomy, CEO John Krafcik still ultimately reported to Alphabet brass. Waymo has never published its own financial results, but it's widely believed that Alphabet has absorbed billions of dollars of losses as Waymo has refined its technology.

Now Alphabet won't have to bear the financial burden alone. Waymo says that for the first time it has raised funding from outside investors. The total fundraising round is $2.25 billion—though some of that money is coming from parent company Alphabet. Other investors include Silver Lake, Andreessen Horowitz, and the Canada Pension Plan Investment Board.

Publisher: Ars Technica
Author:
Twitter: @arstechnica
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