You’re making the effort to stay on top of your estate plan. That’s great! Now don’t mess it up. Here is how to avoid five of the biggest blunders people often make. Establishing an estate plan is extremely important. As...
The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as...
US stocks were lower, but barely changed, on Wednesday, with none of the three major averages logging changes larger than 0.2% At the closing bell on Wednesday the S&P 500 dropped 0.13% to settled at 3,579.89, while the Dow and...
Bitcoin BTCUSD, -2.08% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No.1 cryptocurrency is trading at around $22,407 Tuesday, down 5% over the...
With inflation hitting a 40-year high and gas breaking $5 a gallon, all eyes are on the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting. According to Drew Matus, chief market strategist at MetLife Investment Management, the Fed...
I know a lot of people who have a goal of retiring early, be it in their late 50s or sometime during the first half of their 60s. Personally, the idea of early retirement doesn't interest me. (Technically, if I...
Vanguard has just dropped its annual blockbuster survey of all the millions of retirement plans it manages, called How America Saves, and it’s pretty astonishing reading — as usual. Bottom line: The average reported balance is dismal. Ignore the headlines,...
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation. While the precise impact of “quantitative tightening” in financial...
They are creations of easy credit, beneficiaries of central bank largesse. And now that the era of unconventional monetary policy is over, they’re facing a challenge like never before. They are America’s corporate zombies, companies that aren’t earning enough to...
Americans are nervously grappling with soaring gasoline prices and inflation, a plunging stock market and sharply rising interest rates. But they were doing pretty well last fall. Seventy-eight percent of households said they were “doing okay” financially or “living comfortably,”...
The good news for traders: A U.S. recession is almost fully priced into the stock market. The bad news: It's not 100% priced in, if history is any guide. With the S&P 500 down about 19% from its Jan. 3...
College students expect to make about $103,880 in their first job after graduation, a new survey suggests. But statistics show that the average starting salary for college graduates is $55,260. Overestimates also persist in undergrads' outlook for mid-career earnings –...
Cryptocurrency prices undermined by fears of recession. Tokens, which are supposed to reduce volatility, are collapsing. Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes,...
Market Review The first quarter of 2022 was surprisingly volatile for the markets, with the S&P 500 dropping 10% before rallying to end the quarter at minus 4.6% and bonds unusually declining by 5.9%. Safety was not found oversees either...
It's tempting to say the U.S. is inching toward a recession, or it's already in one. At least that's the takeaway some economists had from Thursday's GDP report, which showed that the U.S. economy shrank at a seasonally adjusted annual...
