Updated January 24 at 4:24pm
Investing
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U.S. Treasury officials are satisfied the Slater Technology Fund did not spend federal funds recklessly and may be eligible to receive the bulk of a $9 million grant awarded three-and-a-half years ago. more
John Finn, of Finn Wealth Management was recently recognized as a Five Star Wealth Manager by Five Star Professional, a third-party research firm. Finn was evaluated on 10 key factors, including client retention rates and client assets administered and he holds a distinction that is awarded to less than 7 percent of wealth managers in a market. Finn has nearly 30 years of experience in retirement, estate and business planning. He holds the chartered financial consultant and chartered life underwriter designation from American College, Bryn Mawr and he holds a bachelor’s degree in economics from the University of Rhode Island. more
National tourism marketers believe you have to spend money to make money. more
An estate tax cut estimated to save taxpayers $18 million annually must make Rhode Island more attractive to wealthy retirees, right? more
Fitch Ratings Inc. is no longer providing credit ratings for Santander Holdings USA Inc. and Santander Bank N.A., though it’s unclear which entity ended the business relationship. more
Here’s something that puzzled me when I was the chief investment officer of New York City’s pension plan: Only 5 percent of the investment firms that managed the city’s $160 billion, and only 15 percent of the products the city invested in, were managed by women. The numbers plummeted when counting women of color or asset classes other than public equities. more
NEW YORK – Fitch Ratings last week assigned an “AA+” rating to two Massachusetts general-obligation bonds totaling nearly $680 million. The bonds, both issued in 2014, were scheduled to sell through negotiation last week. more
Argentina is in default again, but its latest predicament is far from your garden-variety sovereign debt crisis. This time South America’s second-largest economy has been tripped up not by new borrowing, but by a lawsuit from American hedge funds blocking settlements with bondholders over a 2001 default. more
For decades now, finance professors, financial journalists, Jack Bogle and Vanguard have been trying to hammer it into your head: Active management is bad. Don’t pick stocks. Diversify. Buy low-cost index funds and exchange-traded funds. more
It has been nearly three-and-a-half years since Rhode Island was awarded $13.1 million through the federal State Small Business Credit Initiative. more
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