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accounts HSA industry Money spending Top News 

Investing in health savings accounts: Not ready for prime time

July 20, 2017 By Mark Miller CHICAGO (Reuters) – Will health savings accounts be the new 401(k)? Boosters of health savings accounts (HSAs) in the financial services industry and in the U.S. Congress think so. They argue that the tax advantages of health savings accounts (HSAs) make them a superior option for saving – especially to cover the rising cost of healthcare in retirement. And expansion of access to HSAs and contribution limits have been a centerpiece of most Republican health reform plans ricocheting around Washington this year. But a…

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accounts bank Fed Yellen Money Top News Wells Fargo 

Fed’s Yellen prepared to act against Wells’ board if appropriate

July 13, 2017 By Howard Schneider and Dan Freed WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen said on Thursday the central bank was prepared to act against directors of Wells Fargo if an investigation deems it appropriate. Under questioning by Democratic Senator Elizabeth Warren of Massachusetts about the bank’s creation of millions of fake accounts, Yellen said she would not comment on details of the Fed’s supervision of Wells Fargo . But “we do have the power to remove directors,” she said. “We need to conduct a thorough investigation…

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accounts President Donald Trump Tech Top News Trump Twitter U.S. 

U.S. free-speech group sues Trump for blocking Twitter users

July 11, 2017 By Dustin Volz WASHINGTON (Reuters) – A free-speech group on Tuesday sued U.S. President Donald Trump for blocking Twitter users from his @realDonaldTrump account, arguing the practice violates the First Amendment of the U.S. Constitution. The lawsuit, brought by the Knight First Amendment Institute at Columbia University in New York and joined by seven individual Twitter users, claims Trump blocked a number of accounts whose owners replied to his tweets with comments that criticized, mocked or disagreed with the president. Trump’s blocking of the accounts amounted to…

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accounts Jim Stehr Money spending tax Top News 

Your money: How many college savings buckets do you need?

June 27, 2017 By Beth Pinsker NEW YORK (Reuters) – Like many financially savvy parents, Jim Stehr started a college savings account for his son at birth. When Stehr’s second and third children came along, he opened accounts for them too. But now Stehr, a financial adviser based in the San Francisco Bay area, is now rethinking the math. His oldest two kids are in pricey private colleges and might end up in graduate school, while the youngest is eyeing the Naval Academy, which is free. As parents consider the…

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accounts China Economy PBOC spending Top News 

China not facing same pressure as Fed to shrink balance sheet: PBOC adviser

June 22, 2017 SHANGHAI (Reuters) – China’s central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People’s Bank of China (PBOC) said on Thursday. The Fed is looking to start reducing its massive $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities beginning later this year. Most of the assets were purchased in the wake of the 2007-2009 financial crisis and recession. However,…

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accounts Alleged Canadian email Russian Tech Top News 

Alleged Canadian hacker may not fight U.S. extradition: lawyer

June 16, 2017 TORONTO (Reuters) – The Canadian accused of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts may waive his right to fight a U.S. extradition request, his lawyer said on Friday. Karim Baratov’s lawyer Amedeo DiCarlo said he is in discussions with the Federal Bureau of Investigation and U.S. prosecutors in Washington about the case and will announce a decision at a hearing due on July 7. Baratov, a Canadian citizen born in Kazakhstan, was arrested in March…

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accounts Florida Money New York state Top News 

Your Money: Money secrets of parents with multiple kids in college

June 15, 2017 By Beth Pinsker NEW YORK (Reuters) – Sometime soon after his fourth child was born, it dawned on Howard Krooks that he was going to be on the hook for 12 consecutive years of college tuition payments when they all grew up. It scared him into action. “I’m a planner. I don’t like surprises,” said Krooks, an elder law attorney in Boca Raton, Florida. Krooks figures he will spend upwards of $1 million to put four children through college. His oldest child is now 19 and attending…

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accounts Business increase month WASHINGTON 

U.S. factory output declines for second time in past three months

June 15, 2017 WASHINGTON, June 15 (Reuters) – U.S. factory output fell unexpectedly in May on a broad decline in production, including the manufacturing of cars, casting a shadow over the economy’s rebound from sluggishness at the start of the year. The Federal Reserve said on Thursday manufacturing production dropped 0.4 percent last month, the second decline in three months. After downward revisions to data for prior months, factory output was lower in May than it was in February. Analysts had expected factory output to rise a modest 0.1 percent….

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accounts China JD Tech Thailand Top News plans expansion into Thailand by end of year

June 9, 2017 By Julie Zhu and James Pomfret HONG KONG (Reuters) – Inc, China’s second-largest e-commerce company, plans to enter the Thai market later this year in a move to expand its overseas business beyond Indonesia, its founder and chief executive said on Friday. Richard Liu also told Reuters in an interview the company planned to use Thailand as a hub for servicing other Southeast Asian countries such as Vietnam and Malaysia. “Thailand will come soon, before the end of the year. We will invest a lot and…

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accounts case Entertainment NORRISTOWN Pennsylvania Top News 

Prosecutors seek to use Cosby’s words against him at sex assault trial

June 8, 2017 By Joseph Ax NORRISTOWN, Pa. (Reuters) – Prosecutors on Thursday sought to use Bill Cosby’s words against him at his sexual assault trial, showing interviews to jurors in which the comedian acknowledged giving his accuser pills before engaging in what he described as consensual “petting.” The introduction of Cosby’s own statements on the trial’s fourth day marked a new phase of the case after days of testimony from two of his accusers. Cosby, 79, faces charges that he drugged and sexually assaulted Andrea Constand, a former employee…

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