By David Stanway and John Ruwitch SHANGHAI, June 11 (Reuters) – A popular Chinese financial news site, wallstreetcn.com, said it has been shut down to undergo “rectification” amid a wider crackdown by the Chinese authorities on websites and news providers. The move comes just days after Beijing blocked a new batch of foreign news websites, including the Washington Post and Britain’s Guardian newspaper, according to those outlets. A swath of social media accounts known for publishing news and commentary on current events appear to have been suspended. Wallstreetcn.com said online on Monday night that its website and app had been taken down following a request from the authorities. It did not provide any details about what rules it may have broken but promised to “carry out the requirements of the rectification in strict accordance with related laws and regulations”. The Cyberspace Administration of China, or CAC, which regulates the internet in China, … [Read more...] about Chinese financial news site closed for ‘rectification’
Samuel Stebbins 24/7 Wall Street Published 6:46 AM EDT May 7, 2019 Home to just 4% of the world’s population and nearly 25% of global economic activity, the United States is one of the richest countries in the world. Despite the concentration of wealth in the United States, parts of the country have been left behind. In nearly every state, there is at least one town where financial hardship and poverty are the defining characteristics. 24/7 Wall St. reviewed the median annual household income in over 2,600 cities, towns, villages, and Census-designated places to identify the poorest town in every state. Alabama: Selma• Median household income: $24,223 (state: $46,472)• Poverty rate: 38.3% (state: 18.0%)• Median home value: $89,100 (state: $132,100)• Population: 19,176 Selma is the only town in Alabama where over half of all households earn less than $25,000 a year. In Jackson, the second poorest town in the state, the typical household earns just … [Read more...] about Poorest cities in the US face financial hardships and poverty
Daniel B. Kline The Motley Fool Published 10:00 AM EDT Apr 19, 2019 America's teenagers have a lot on their minds. They worry about school, about fitting in, about guns, about the environment, about just figuring out who they really are. But given that for the most part, mom and dad are still paying the bills, you might be surprised at how many of them are already worrying about money and their financial futures. According to a new survey from Junior Achievement and Citizen's Bank, 45% of teens say they're worried they won't be able to afford to live on their own when they reach adulthood, while 47% are worried about paying for college. The study also showed that 40% worry about finding a fulfilling, well-paying job, and 33% are concerned that they don't know enough about how to manage money. "These survey findings show a disconcerting lack of confidence among teens when it comes to achieving financial goals," said Jack Kosakowski, CEO of Junior Achievement USA, in a press … [Read more...] about U.S. teens worry about future financial independence.
Maurie Backman The Motley Fool Published 6:00 AM EDT Mar 25, 2019 Though retirement is an exciting milestone to look forward to, the idea of it can be nerve-wracking. After all, there's a host of financial unknowns associated with retirement, and living on a fixed income leaves many seniors struggling to make ends meet. It's therefore encouraging to learn that 84 percent of seniors today think their retirement has been as good as expected, if not better, according to T. Rowe Price. But that doesn't mean retirees don't harbor financial concerns. Many seniors have money-related worries on the brain, but according to T. Rowe Price, they all center on one key thing: healthcare. Delaying retirement: Why waiting 3 more years for Social Security benefits will help this 66-year-old If you're forced to retire early: What to do if you have to quit work because of health, job loss or family issues A valid concern Though healthcare can be a burden for Americans of all ages, it can often … [Read more...] about Retirement planning: Top financial concern for seniors is healthcare
Kailey Fralick The Motley Fool Published 5:00 AM EDT Mar 20, 2019 At times, rich people seem to inhabit another world, one apart from the financial concerns of the hard-working middle class. Many speculate there's a secret to joining the ranks of the elite, often involving an inheritance from a wealthy relative or a multibillion-dollar idea. But the truth is, it usually comes down to drive and smart financial planning. These aren't exactly secrets, but they're often what separate the wealthy from the wishful thinkers, and they're often overlooked. Here are four of the "secrets" that can help any worker grow their net worth. Working full-time for health coverage?: Many who want part-time jobs are stymied by costs Delaying retirement: Why waiting 3 more years for Social Security benefits will help this 66-year-old 1. Your money should be working for you, not the other way around Conventional wisdom says you must get a job and work hard to build wealth. There's truth in that, … [Read more...] about Investing tips: Secrets to financial planning that could make you rich