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Search resuls for: "Malloy"


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☆ Democratic Gov. Ned Lamont faces off against Republican Bob Stefanowski in Connecticut's gubernatorial election
  + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com   time to read: +4 min
Ned Lamont is running against Republican Bob Stefanowski in Connecticut's gubernatorial race. Lamont narrowly defeated Stefanowski in 2018 and is likely to retain his seat in this rematch. Ned Lamont and Republican Bob Stefanowski are engaged in a rematch in Connecticut's gubernatorial election. Lamont defeated Stefanowski in the 2018 election to succeed outgoing Gov. Lamont defeated Stefanowski in the 2018 election by a slim margin — just over 3 percentage points, or about 44,000 votes.
☆ Vanguard's Paul Malloy on the state of munis: It's the best investment in fixed-income
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanguard's Paul Malloy on the state of munis: It's the best investment in fixed-incomePaul Malloy, Vanguard head of municipal principal investment, joins 'The Exchange' to discuss the state of municipal bonds.
☆ The rich can use offshore life-insurance policies to pass down everything from stocks to yachts to their kids tax-free. Here's how it works and why the Senate is targeting it.
  + stars: | 2022-10-12 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +5 min
The richest of the rich can use life insurance to avoid estate and income taxes. Life insurance is probably the least sexy area of financial planning. Private-placement life insurance is a little-known tax-avoidance tactic. When structured correctly, PPLI policies can be used to pass on assets from stocks to yachts to heirs without incurring an estate tax. A 40% federal estate tax applies to estate values topping $12.06 million for single people and $24.1 million for married couples.
☆ Warnock leads Walker, but Georgia Senate race is unchanged after abortion payment allegation, poll shows
  + stars: | 2022-10-12 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +4 min
Senator Raphael Warnock, a Democrat from Georgia, speaks during a 'Working for Georgia' campaign rally in Macon, Georgia, on Friday, Oct. 7, 2022. Walker's rival, Democratic incumbent Sen. Raphael Warnock of Georgia, still leads by seven percentage points, 52% to 45%, according to Quinnipiac University's latest poll of likely voters in Georgia. That spread is virtually unchanged from last month, when the pollster found Warnock led Walker 52% to 46%. "She's lying," Walker told ABC of the woman's abortion claims. Quinnipiac's latest poll surveyed 1,157 likely Georgia voters between last Friday and Monday, days after the abortion scandal broke.
☆ How the wealthy use life insurance to escape estate tax and why the tactic is now attracting scrutiny
  + stars: | 2022-10-12 | by ( Jeffrey Cane | ) www.businessinsider.com   time to read: +5 min
I'm Jeffrey Cane, stepping out from behind the 10 Things on Wall Street newsletter curtain to help catch you up on all things financial today. But first: Could I interest you in some life insurance? Yes, life insurance is one answer, but it's life insurance with a twist. This little-known tax tool, which may be coming under increasing scrutiny, is called private placement life insurance, or PPLI. It is effectively a life insurance policy that is owned by an offshore trust.
☆ Britain's market rout stokes contagion fears around the globe
  + stars: | 2022-09-28 | by ( Davide Barbuscia Marc Jones Dhara Ranasinghe | Davide Barbuscia | Marc Jones | ) www.reuters.com   time to read: +6 min
"There will be impacts, there’s correlations ... some market volatility, and then how it weighs in the global growth picture," said Paul Malloy, head of municipals at Vanguard. The wild swings in the pound have ricocheted across currency markets, where volatility was already climbing. According to the widely watched Deutsche Bank Currency Volatility Index , volatility across currencies on Wednesday hit its highest level since the March 2020 COVID-19- induced market meltdown, jumping more than 20% from levels last week. Closely followed indicators of financial stress remain contained. U.S. stock market volatility as measured by the "fear index," the VIX (.VIX), has also climbed in recent days but remains below its 2022 highs.
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