Porsche POAHY 2.09% was more profitable than ever in the first quarter. Investors will have to wait until the fall for its initial public offering, but there are indirect ways to get in early. Volkswa...
Tag: general news
Tesla Investors, Watch Out. DeLorean Is Back, as an EV.
Text size DeLorean is getting into the EV game. DeLorean Motor Company Tesla investors might want to take note of an industry development. There is a new entrant to the U.S. electric-vehicle race. Inv...
What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings
The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...
‘My aim is to have a net worth of at least $100,000’: I’m 29 and live with my mom in a rented mobile home. I have a $25K emergency fund and $26K in a Roth IRA. What do I save for next?
I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on...
How high can the Fed hike interest rates before a recession hits? This chart suggests a low threshold.
The days when the Federal Reserve could raise its benchmark interest rate significantly above 5% without sparking a recession may be a thing of the past, according to Wells Fargo Investment Institute....
Paramount’s Streaming Losses Mount as Subscriber Count Grows
Text size Paramount+ accounts for the bulk of the company’s streaming subscribers. Dreamstime The streaming-stock bloodbath continues: Paramount Global (ticker: PARA) is the latest company in th...
‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?
There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...
How will boomers draw down their 401(k) balances?
Recent studies have found that past generations drew down their financial assets very slowly in retirement, leaving much of their savings untouched throughout old age. This finding always seemed obvi...
These stocks soared during the pandemic, and then crashed. Ten are now expected to double in price.
A screen of stocks that popped during the coronavirus pandemic highlights dozens that have crashed. But some are considered worthy of purchase by a majority of analysts. You might want to keep an eye ...
‘It is costing more to survive now.’ I owe $109K in student loans, and the balance keeps going up as the loan servicer ‘continuously tacks on more money.’ With high inflation, how can I even cope with my student loans now?
Unfortunately, it is possible for a loan balance to increase, even as you are making payments. iStock Question: I have student loans in excess of $109k. I am on an income-driven plan but my biggest p...
Gas prices are up roughly 40% from just a year ago. So you may want to try this method to get ‘basically free money’ for gas — but there’s a catch
Is a gas credit card right for you? Getty Images Amid high inflation, rising prices of crude oil and the war in Ukraine, gas prices have jumped from an average of about $2.88 per gallon a year ago, to...
Tesla Investors, Beware: April Deliveries for NIO, Li, and XPeng Hit by Covid
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric ve...
Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric ve...
Strong Dollar Aids U.S. Inflation Fight, Adds to Price Pressures Abroad
Text size Chinese 100 yuan bank notes. Paul Yeung/Bloomberg While your attention probably was focused on that big takeover of a certain social-media site, the gyrations in the global currency markets ...
‘We cannot do that.’ 3 things NOT to ask your financial adviser to do for you
Getty Images A financial adviser can do a lot of things — provide advice to help you manage your finances, execute trades on your behalf, create holistic financial plans based on your short- and long-...
At the Berkshire Hathaway meeting, Warren Buffett aims to assure shareholders
OMAHA, Neb. — At the start of the Berkshire Hathaway BRK.B, -2.55% BRK.A, -2.94% annual meeting on Saturday, chairman and chief executive officer Warren Buffett wasted no time speaking to the question...
I-bonds are all the rage — what’s the best way to use them?
With the release of March’s Consumer Price Index, we now know that a risk-free investment yielding 9.6% will be available as of May 2. I’m speaking, of course, about Series I savings bonds from the U....
Reluctant to Spend in Retirement? Here Are Some Tips to Tame Your Frugal Feelings.
Ned and Sue Price saved diligently their whole lives, but the Jacksonville, Fla., couple still had worries of running out of money in retirement—especially since a health scare in 2007 led Ned to clos...
Europe Inches Closer to a Ban on Russian Oil. Here’s What That Would Mean.
Europe will continue debating a ban on imports of Russian oil over the weekend. While such a deal is far from certain, the New York Times reported Friday that the European Union could approve a phased...
Will Biden Cancel Student Debt? Two Years In, He’s Still Mulling Up to $10,000
Text size President Joe Biden said Thursday he is “considering dealing with some debt reduction.” Anna Moneymaker/Getty Images Two years since candidate Joe Biden tweeted that student borr...
‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.
A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the ba...
The Cruise Crowd Is Back, Even if Investors Aren’t. Here’s Why It May Be Time to Take a Plunge.
Few sectors absorbed as much pain as the cruise industry during the pandemic, which shut down sailing operations in the U.S. from March 2020 through last June. Shares of the big three cruise operators...
These 10 stocks in the S&P 500 soared at least 8% after the Fed made its big move — but only 3 have gains for 2022
Wednesday turned into a big day for stocks — the S&P 500 index had its largest one-day percentage gain in nearly two years — after the Federal Reserve raised the federal funds rate by half a perce...