50 Years of Integrity at the Financial Accounting Foundation

About the author: John J. Brennan is chairman emeritus of Vanguard. He is the former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation. Back in the 1990s, I received a phone call from Arthur Levitt, chairman of the SEC. “Jack, I need you to serve your country,” … Read more

Stock Market Today: Dow Rises, Snowflake Gains, eBay Drops

Text size Wall Street continues to center on how aggressive the Federal Reserve will be in boosting interest rates. Angela Weiss / AFP via Getty Images US stock indexes opened in the green on Tuesday, extending a string of gains that began last week. Optimists believe that a bottom had been found after a brutal … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

The Stock Market Rally Is Real. It’s Still a Bear Market.

Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch / Getty Images) Even bear markets get bounces. The stock market had a terrific week, and for the first time in a long time, the rally feels like it can last. The Dow Jones Industrial Average rose 5.4%, the S&P 500 gained 6.4%, and the Nasdaq … Read more

$ 14,150 in Taxes on a $ 632,208 Home Outside Austin: Property Taxes Are Soaring in Texas

Text size Photo by Carmen Mandato / Getty Images This commentary piece originally appeared on MarketWatch. Texas is once again witnessing the largest population growth in the nation as people increasingly migrate to what they see as the fiscal promised land. While greater job opportunities and certainly “warmer” (often ultra-hot) weather await, the impact on … Read more

Stocks Break Out. Will Recent Market Declines Restrain the Fed?

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo / Sipa USA / Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is … Read more

Stocks Shoot Higher. Powell Couldn’t Scare Markets This Time.

Text size David L. Nemec / New York Stock Exchange The stock market gained Thursday as Federal Reserve Chairman Jerome Powell tested before Congress for a second day. Nothing he has said scared the market — for now. The Dow Jones Industrial Average gained 195 points, or 0.6%, while the S&P 500 rose 1% and … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

Stock Market Today: Dow Gains Despite Recession Fears

Text size People walk along Wall Street, near the New York Stock Exchange in New York. Photo by ED JONES / AFP via Getty Images The stock market edged into positive territory, reversing early losses as investors monitor Federal Reserve chairman Jerome Powell’s testimony before Congress. About an hour after the open, the Dow Jones … Read more

Stock Market Today: Dow Set to Rise Rise Ahead of Fed Decision, Bitcoin Slides

Text size All eyes are on the Federal Reserve and Jerome Powell, the chair of the central bank. Tom Williams / Getty Images The stock market was rising Wednesday ahead of the Federal Reserve’s interest rate decision in the afternoon. Bond yields weren’t moving much — for the moment. Dow Jones Industrial Average futures have … Read more