Month: September 2022

ESG without returns is ‘simply not sustainable,’ says investor Lauren Taylor Wolfe

Investing
Lauren Taylor Wolfe, center, Roy Swan, left, and Shundrawn Thomas at CNBC’s Delivering Alpha, Sept. 8, 2022. Scott Mlyn | CNBC ESG and sustainable investing generally have come under fire recently, with critics pointing to a lack of transparency and differing definitions sparking confusion around what investors are actually buying. Adding to the confusion is
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IRS erred on child tax credit payments for millions of eligible families — but aid was 98% accurate overall, report finds

Personal finance
JGI/Tom Grill The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately issued 98% of
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Mortgage refinancing drops to a 22-year low as interest rates surge even higher

Business
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. After a
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Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect

Finance
Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not end well for the U.S. economy. “Our central case is a hard landing by the end of ’23,” Druckenmiller said at CNBC’s Delivering Alpha Investor Summit in New York City
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New retirees will face financial surprises. Advisors share how to stay ahead of those shocks

Advisors
Source: Getty Images Retirement is a major goal many workers keep their eye on throughout their career. However, once people actually reach retirement age, they are often in store for some financial surprises — despite decades of preparation. For today’s retirees, that is compounded by new uncertainties brought by on by historically high inflation and
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Papa John’s is the latest employer to offer free college for frontline workers

Personal finance
In this article CTRN Follow your favorite stocksCREATE FREE ACCOUNT In a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. Free college may be the most effective tool yet. Most recently, nationwide pizza chain Papa John’s announced it is offering fully funded degrees from partner schools, including the
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