A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …
Americans are suffering from ‘recession fatigue’, report says Read More »
A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …
Americans are suffering from ‘recession fatigue’, report says Read More »
Editor’s note: This is an updated version of a story that originally aired on August 29, 2022. Stocks and bonds are trading in bearish territory. And given the current circumstances, it’s fair to assume the markets will stay volatile for some time. Interest rates are rising rapidly in the United States and Europe as part …
How to protect your 401(k) in a bear market | CNN Read More »
Holiday shoppers are getting a head start on the season, and a few big retailers are leading the way. Amazon recently announced a two-day “Prime Early Access sale” starting October 11, and Target is hosting its own “Deal Days” starting October 6. “It’s just an arms race,” said Jeffrey Galak, a Carnegie Mellon associate professor …
Jamie Grill | Getty Images As Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 – covering tax brackets, 401(k) plan contribution limits and more. Embedded in the tax code, these annual IRS changes aim to prevent what’s known as “bracket creep,” when inflation drives …
Here’s how persistently high inflation could affect your tax bracket next year Read More »
Callie Heim was thrilled to start her marketing job at trendy self-driving car company Waymo earlier this summer. She had had a difficult year – her mother recently passed away, she came home and was adjusting to life after college. The job offer marked a turning point: ‘I was at rock bottom and felt like …
Buying a car continues to be a challenge amid record inflation, a shortage of support and rising interest rates. Since the start of the Covid-19 pandemic, prices for new and used cars have risen dramatically, leaving buyers with limited choice when it comes to finding affordable vehicles. According to Kelley Blue Book, the average price …
US stocks spat on Friday to end the week in the red. The day’s declines of less than 1% for the broad indices paled in comparison to Tuesday’s, when they fell 4% to 5%. For the week, the Dow Jones Industrial Average DJIA, -0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The …
The S&P 500 fell 5% in a very bad week for stocks. Those 20 lost up to 24%. Read More »
A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …
The things to remember about dementia are that it is absolutely horrible for you and everyone around you; it is a strong probability; and when it comes to fighting or avoiding it, you’re pretty much on your own. Lily: Here’s a simple way to save on the #1 retirement expense Alzheimer’s disease and related dementias …
People Who Do This Thing Every Day Have Half the Risk of Dementia as the Rest of Us Read More »
