Another Quarter, Another All Time High In June, both the Dow and S&P 500 reached new highs and marked the strongest June since 1938 and 1955, respectively. The Dow ended the quarter up 4.2% and the S&P 500 was up...
Handing over control of your money can be scary, but there are a few important questions you can ask to find the right person for the job. Financial adviser is a catch-all term that usually includes financial planners and investment...
Faced with increased scrutiny from the Department of Labor about lackluster efforts to find missing retirement plan participants, employers are asking for permission to send uncashed pension checks—money that belongs to former workers–to state unclaimed property funds. “It’s unbelievable, but...
The scene was solemn at Deutsche Bank’s offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest...
You don’t have to look very hard to see a grim picture of personal finance trends in America. From rising credit card and student loan debt to a severe lack of emergency funds to households not saving enough to reach...
The number of billionaires in the U.S. has more than doubled in the last decade, from 267 in 2008 to 607 last year. We are now officially in the longest U.S. economic expansion in history — one perhaps best characterized...
IRA distributions that you take before you reach age 59-½ (early distributions) are subject to a 10% additional tax (early distribution penalty), which is in addition to any income tax owed on the amount. For example, if you take an...
Economists are increasingly forecasting a recession next year, but one believes the downturn has already begun. Gary Shilling, an economist and financial analyst who is credited with predicting several recessions over the past 40 years, thinks the U.S. is in...
Congress says wealthy would reap most benefit from cap repeal ​House panel will examine deduction’s impact in Tuesday hearing More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires,...
When it comes to saving for retirement, everyone's situation is different. While one person may be able to survive on a couple of hundred thousand dollars over several decades, another person may need well over a million dollars just to...
The S&P 500 is within 1% of its closing record set on April 30 The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from...
Bets on a move as soon as July rise after weak jobs report Some see Powell getting ahead of market with half-point cut Federal Reserve Chairman Jerome Powell and his colleagues face three decisions when it comes to reducing interest...
As Americans face increasing amounts of debt, their ability to retire comfortably is coming more into question. “Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the...
China’s announcement Monday that it will raise tariffs on $60 billion of American goods compounds the pain in what is fast becoming all-out trade war between the two countries as U.S. farmers, chemical makers and others brace for a further...
The U.S.-China trade war has had a major effect on American farmers since the Trump administration began taking action against Beijing in March 2018. Things got worse recently when President Trump announced on Friday that the U.S. will be implementing...
