If you’re like many retirees, the combination of inflation and stock market volatility may set you on edge. “It is one of the higher risk environments for retirees,” says certified financial planner J...
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Dow tumbles as inflation reading triggers market shock waves: What investors need to know
From Wall Street to Main Street, fears that the U.S. economy could be sliding into 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all we...
Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.
Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making extra mortgage payments probably isn’t going to have a massive impact on the broader housing ...
How bear markets trick gullible investors
Bear markets like to trick you into thinking they have come to an end. They do that by mounting explosive one-day rallies. Those jumps more often than not turn out to be traps that lure the gullible b...
‘We’re in technical recession, but just don’t realize it’: Bank of America sees more ‘shocks’ to come
The shocks aren’t over. Get ready. That’s the timely Friday advice of Bank of America, delivered hours before worse-than-expected U.S. inflation data knocked the wind out of Wall Street and left inves...
Coinbase CEO tells workers to quit if they don’t believe in top execs, after petition for leadership changes
Coinbase Global Inc. has had a rough stretch lately, as plunging prices for cryptocurrencies have dampened trading interest and prompted the company to curtail rapid hiring plans. The company also see...
Suze Orman says to do this right now if you’re worried about inflation
The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. Financial commentator and host of the “Women & Mo...
Stanley Druckenmiller fears a recession but isn’t betting against stocks. Here’s why.
Sometimes, it’s hard getting workers of a certain generation to do much of anything at all. Here’s one: “Currently, I’m going in every day, and I’m looking at my screen, but I’m pretty much taking a b...
The stock market and inflation: How the S&P 500 performs on CPI report days
Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue...
DocuSign shares plunge 23% on earnings miss
DocuSign Inc.’s. stock DOCU, -3.04% fell 23% in extended trading Thursday after the electronic-documents company reported fiscal first-quarter revenue that exceeded analysts’ forecasts but...
Ethereum close to its major upgrade, but why has it fallen more than bitcoin?
This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m w...
Cruise line stocks suffer sharp losses, again
Shares of cruise operators suffered sharp declines for a second-straight session, amid signs of declining pricing and what that might mean for demand. Carnival Corp.’s CCL, -9.28% CCL, -2.65% st...
Oil-stock trade is ‘too obvious,’ says this fund manager, who expects a pullback in prices
(Updates original story with Tuttle’s purchase of additional shares of OXY in last paragraph.) Investors’ memories can be short. The same can be said for those of stock traders. Matthew Tuttle sees th...
‘I’m being taken advantage of by my own husband’: I pay all the bills and gave the down payment for our home, and all he does is buy stuff and contribute to his 401(k)
I’m being taken advantage of by my own husband. I have been married for almost 10 years. When my husband and I were first married, he convinced me to stop working after the first year or so, which I r...
U.S. didn’t get any relief from high inflation in May – CPI to show another big gain
Wall Street is looking for a sign, any sign, that U.S. inflation is coming off a rapid boil. But they are unlikely to find much cooling off in May’s report on consumer prices. The consumer price index...
Oil prices could go ‘parabolic,’ putting global economy in ‘critical situation,’ says Trafigura chief
“‘We have got a critical situation. I really think we have a problem for the next six months. … [O]nce it gets to these parabolic states, markets can move and they can spike quite a lot.’” — Jeremy We...
Target raises dividend by 20%, to boost yield to nearly a percentage point above Walmart’s
Shares of Target Corp. TGT, -0.25% rallied 1.1% in premarket trading Thursday, after the discount retailer said it raised its quarterly dividend by 20%, to $1.08 a share from 90 cents a share. The new...
NIO stock drops after downbeat outlook, steep drop in gross margin offset narrower-than-expected loss
Shares of NIO Inc. NIO, -6.62% fell 2.0% in premarket trading Thursday, after the China-based electric vehicle maker reported a narrower-than-expected first-quarter loss and revenue that topped expect...
Altria stock dives to lead the S&P 500 decliners after Morgan Stanley turns bearish
Shares of Altria Group Inc. MO, -8.37% dove 7.1% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, -1.08% decliners, after Morgan Stanley analyst Pamela Kaufman turned bearis...
Consider a portfolio of 100% stocks if you’re at least 10 years from retirement
This year’s stock market isn’t what it seems. “It wasn’t supposed to be this way!” That’s the refrain from many investors who are looking at a U.S. stock market SPX, -1.08% decline so far this year of...
This big investor called inflation early and sees it above 7% at year’s end
Far from the bustle of Wall Street, inside his downtown Minneapolis office, Tim Magnusson got his first aching gut feeling about U.S. inflation in May of last year. That’s when U.S. government data sh...
I put $200K toward a down payment for a condo unit with my boyfriend. He is on the title, but not on the mortgage. How do I protect my equity investment now?
Dear Quentin, I recently sold my apartment and put the equity earned (over $200,000) toward a new condo unit I own with my partner. My partner — we are not married — is on title, but not on the mortga...
‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase, and are now unemployed
When Hao Jia received an email from Coinbase that his job offer had been rescinded, he was on his way to watch “Top Gun: Maverick,” the blockbuster movie starring Tom Cruise. Jia’s girlfriend had aske...
Apple is offering ‘buy now, pay later.’ 4 reasons to think twice before signing up
After months of speculation, Apple AAPL, -0.45% finally unveiled its buy now, pay later offering this week, wading into an industry that’s experienced explosive growth. But consumers should be wary of...
I lived in motels and ‘forgot to live’: I’m 48, have almost $900,000 and want to retire next year. What can I do?
I am 48 years old, single and have lived in various states and done diverse jobs. Genetically, I foresee my life span being around 20 more years, as I lost my parents at a very young age. In this 15 ...
My parents-in-law sold their home and bought an RV. They have $200K in the bank. How can they protect their assets from being used for nursing-home costs?
My father-in-law has health issues. While he is not quite ready for a nursing home, that may be a necessity in the near future. He has state retirement benefits and a very small Social Security check....
Peak U.S. inflation? This obscure corner of the financial market says otherwise
In a little-known part of the financial market that’s had the most accurate reads on U.S. inflation so far, traders are pricing in an annual headline rate on the consumer-price index of 8.5% or higher...
Reality TV stars Todd and Julie Chrisley found guilty on fraud, tax-evasion charges
ATLANTA — Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The Chrisle...
These 19 large-cap stocks have now dropped at least 60% from their 52-week highs
The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% f...