Suze Orman Anna Webber/Getty Images For financial guru and best-selling author Suze Orman, savings is not only essential, it can help you “sleep better” and “live a better life.” (And thankfully, some...
Tag: general news
Opinion: Oil companies can’t just ‘drill baby drill’ at will. Here’s what it really takes to ramp up energy production.
As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after permits are a...
Here’s exactly where ‘whiplash-inducing’ mortgage rates are headed this year, according to 6 economists and real estate pros
Where are mortgage rates headed? Getty Images Rates are trending upwards, pros say. Indeed, many pros say estimate that the Federal Reserve will raise interest rates in November and December. And for ...
Americans are running towards the safety of cash — but here are 3 ways they could screw that all up, pros say
Mistakes Americans may be making with their savings Getty Images With markets down and a potential recession looming, investors are running for the safety of cold, hard cash. Indeed, they’ve sidelined...
40% of households will pay no federal income tax this year. Why that’s good news.
Millions of workers are bouncing back — and making enough money to pay Uncle Sam. Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic...
Opinion: Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023
If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a lot of money and are close ...
When retirement is a month away, here’s what you need to do
When retirement is coming up close—and you have that exciting date in mind—make sure you have everything organized to make it a seamless, enjoyable transition. Retirement Tip of the Week: Before you ...
Should You Retire Early to Get a Larger Lump Sum on Your Pension?
The math on when and how to retire is shifting for millions of workers with pension plans. Blame the steep rise in interest rates. When workers retire with a pension, many are given a choice between r...
The S&P 500 can get to 4,150 before ‘reality sets in,’ says Morgan Stanley’s normally bearish top strategist
We’re almost through one of the most feared months of trading, which as it turns out, is set to deliver the best return for the Dow industrials since 1976, and best month since July for the S&P 50...
Adidas Bails From Yeezy. Why That Packs a Punch.
Times are tough at Adidas The German company has too much inventory and falling China sales. It’s slashed guidance, and earnings ran about half what Wall Street expected. The stock is down by more tha...
Why China’s party congress left investors feeling gloomy
Financial-market investors were craving economic policy guidance from the China’s Communist Party Congress, but when the ruling party wrapped up its twice-a-decade political gathering on Saturday to t...
Don’t Expect the Stock Market to Rally, Even if GOP Wins Control of Congress
The outcome of the midterm elections on Nov. 8 could disappoint investors, regardless of which party they support. According to Wall Street lore, stocks usually perform strongly following the midterms...
Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More
Chinese stocks have lost roughly half their market value, or almost $1.5 trillion, over the past two years. But the damage may not be over as investors reassess their China allocations after President...
An American Helped Build a Business Inside China. Clients Want Him to Leave.
It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling too...
Retired? Here Are 3 Things You Need to Get Right.
So much financial planning is focused on getting people to retirement. Planning and investing during those golden years is even more critical because missteps can be disastrous. Spending down money i...
As China-U.S. Relations Cool, Reshoring Heats Up. Honeywell and Other Stocks That Should Benefit.
The gulf between the U.S. and China is widening, which could be good news for stocks benefiting from the reshoring of industries that migrated over the past 40 years. If President Xi Jinping’s consoli...
Will the stock market be higher in 12 months? Here are the odds.
Odds are good the stock market will be higher in 12 months’ time. The probabilities are two out of three, in fact. These odds are not based on any privileged insight into whether the economy will expe...
Why retirement calculators fail the people who need them most — and what to do about it
Or were you so overwhelmed by the steps and questions that you only increased the amount you were saving by a little bit — or not at all? If you fall into the latter category, don’t feel bad. A new st...
Opinion: Your HSA can be an extra retirement savings — how to make smart choices during open enrollment
It’s open enrollment season, which means it’s time for most workers to choose benefits for the year ahead. Health insurance is one of the most popular benefits that workers review yearly, but there is...
Opinion: A seasonal stock market trade that tends to be reliable begins Thursday
The stock market has broken through technical resistance, and as a result the rally is trying to extend itself. Specifically, the S&P 500’s SPX, +2.46% close above 3800 points was a strong technic...
U.S. Treasury sweetens the pot on I-bonds by adding a fixed rate
After record-breaking sales of I-bonds in October, the U.S. Treasury is dangling another good deal in front of savers for the next six months. Starting Nov. 2, when I-bonds will be available again af...