Text size AFP via Getty Images GlaxoSmithKline has agreed to buy U.S. rare cancer therapy company Sierra Oncology for $1.9 billion in cash, as it looks to boost its portfolio of new specialty medicine...
Tag: Political/General News
The silver lining of surging inflation: I-bond yields should climb above 9%
CHAPEL HILL, N.C. –Want to lock in a greater-than-8% return with U.S. Treasurys over the next 12 months? Of course you would, especially given the higher-than-expected inflation numbers reported this ...
As inflation hits a new 40-year high, 5 financial advisers on what they’re doing with their own money amid high inflation
Getty Images/iStockphoto The annual rate of inflation in the U.S. rose to 8.5%, which is a four-decade high, new consumer price index data revealed. Inflation hasn’t been this high since the early 198...
The Safe Investment That Will Soon Yield Almost 10%
There’s no such thing as a free lunch in finance. Except maybe this: The interest rate on inflation-adjusted U.S. savings bonds will approach 10% beginning in May. U.S. Treasury Series I Bonds, or I B...
2 things all the financial advisers I talked to told me — that I don’t like
How to find the right financial adviser for you. Getty Images/iStockphoto Question: I’m about three years from FIRE (Financial Independence, Retire Early) status and have been looking at placing a por...
Microsoft Stock Slips on Concern About Growth for Office 365
Text size Microsoft Office is one of the company’s biggest businesses. Dreamstime Microsoft shares are under pressure from concerns about how the company might be affected by slowing growth in t...
Nvidia Stock Is Downgraded. China and Russia Are Headwinds.
Text size Dreamstime Nvidia shares were falling on Monday after the stock was downgraded by a Baird analyst, who cited concerns over slowing consumer demand exacerbated by the Russian embargo. Nvidia ...
How to Handle the Taxes on the AT&T Spinoff of Warner Bros.
Text size The Warner Bros. Studios in Burbank, Calif. AT&T shareholders have received a 0.242 share of Warner Bros. Discovery for each AT&T share. Photographer: Bing Guan/Bloomberg Bing Guan/B...
‘It seems a bit like Lucy pulling the football away.’ Student loan borrowers got another break on payments — what comes next?
President Joe Biden extended the lifeline the federal government has provided to most student-loan borrowers during the pandemic. But that doesn’t mean these borrowers are feeling any more assured of ...
Pfizer’s New CFO David Denton Negotiated One of the Biggest Healthcare Deals in History
Pfizer on Monday named a new chief financial officer with a resume that hints at the company’s plans to spend big with its Covid-19 vaccine windfall. David Denton is taking up the CFO role at Pfizer (...
I’m 62 with $100K in student loans and $13K in credit card debt. What can I do?
How to get out of student loan debt Getty Images/iStockphoto Question: I work as a nurse for a small for-profit agency. I am salaried and have no option for overtime. I only have every other weekend ...
China’s Nio halts EV production as COVID lockdowns disrupt its supply chain
Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will ...
Here’s Another Reason to Do a Roth IRA Conversion. Your Heirs Will Thank You.
Dreamstime Text size If you’re planning to leave a tax-deferred account to your children, you may be able to save them a lot of money by doing Roth conversions while you’re alive. Suppose you have a ...
Housing Crisis: Why 40-Year Mortgages Might Help Delinquent Borrowers
Text size Illustration by Laurent Duvoux About the author: Patrick Harker is the president and CEO of the Federal Reserve Bank of Philadelphia. The Covid-19 pandemic is not over. But many of the pande...
Opinion: The best retirement investment strategy Generation Z can learn from boomers
Generation Z will soon surpass millennials as the most populous generation on earth, with more than a third of the world’s population counting themselves as Gen Z. And this group is motivated to retir...
The housing market is running hot. Can the Fed cool it before it crashes?
When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might ...
As food prices hit an all-time high, more Americans have abandoned online grocery shopping and returned to supermarket aisles
More Americans are browsing again — in grocery-store aisles rather than online. With U.S. states abandoning mask mandates in public places, and more retailers dropping requirements for masks — and the...
I’m 61, left my job due to medical reasons, and made $150,000 from the sale of my home. I’d like to work for at least another 5 years. Can I still retire? If so, how?
Dear Quentin, I recently sold my house and had to leave my job due to a medical issue that was easily resolved, and I am now fine. I have approximately $150,000 in my checking account from the sale of...
‘We are not sure how prepared we are for retirement’ – we are 60 and 61, and don’t know how much longer we can work, have $360,000 in retirement savings and a pension
I am a 61-year-old teacher in Missouri who plans to work 3-4 more years before retiring. Depending on what option my husband and I choose from the Public School Retirement System, we should get betwee...
Alibaba Stock Hit by China Covid Outbreak. 4 Reasons to Hope for a Bounce.
Text size Alibaba stock faces headwinds from Covid-19 outbreaks in China. Greg Baker/AFP via Getty Images A renewed outbreak of Covid-19 in China has hurt the outlook for the e-commerce giant Alibaba ...
I’m 57 and I don’t have much money. Is a financial adviser right for me?
How to find a financial adviser Getty Images Question: I’m 57 years old and late to the party. I do not have much money socked away nor do I have investments outside of my retirement fund, and I never...
Three value stocks that can provide safety as interest rates rise
Stocks have been on a rocky road this year, as investors have tried to anticipate every possible move by the Federal Reserve to combat inflation. Value strategies have held up better than growth strat...