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Nike unsteady as new legal fight brews

Nike’s stock clawed back most of a steep post-earnings drop this week. Days later, a convenience store chain filed a federal lawsuit trying to block one of Nike’s biggest sneaker launches of the summer. The… 

Tax-loss harvesting delivers surprise retirement break

Expanded deductions for older Americans are changing the tax-planning equation for retirees, according to Jeffrey Levine, chief planning officer at Focus Partners Wealth. In an interview as part of the Focus on Finance Forum series,… 

JPMorgan tweaks gold price target as Fed risks return

Gold prices seemed to be mounting a comeback, but JPMorgan just made the rally harder to trust. Investors expected the shiny yellow metal to continue pushing higher into year’s end, buoyed by rate-cut hopes, central-bank… 

Fidelity, Vanguard have a warning for anyone taking RMDs

Millions of retirees with traditional IRAs and 401(k) plans must take required minimum distributions (RMDs) before the December 31 annual deadline.  Missing that withdrawal can trigger an IRS penalty equal to 25% of every dollar… 

Goldman Sachs, Morgan Stanley announce new employee perk

A new federal savings account for children launches July 4. Goldman Sachs and Morgan Stanley each committed to matching the government’s $1,000 opening deposit for their employees’ children before the program even opened. Both banks… 

National wireless phone service closing after Chapter 11

Building a nationwide wireless network has long been one of the most expensive challenges in telecommunications. That’s why the U.S. has effectively been dominated by three national carriers, despite repeated efforts to create more competition.…