American households and businesses are seeing their savings deteriorate as ‘financial fragility’ rises

After socking away savings during the aftermath of the COVID-19 crisis, American households and businesses are watching their financial cushions rapidly deteriorate as prices have soared and the Feder...

Here’s how much Shark Tank star Kevin O’Leary says you need in savings right now (and psst: it’s a lot less than Suze Orman recommends)

Shark Tank star and investment mogul Kevin O’Leary says keeping large sums of money in a low-interest savings account is a big mistake. (Photo by Dia Dipasupil/Getty Images) Getty Images Rates on high...

‘Could this be an indication they’re scamming us?’ Our financial adviser requested copies of our passport and licenses. Should we be wary?

Is your financial adviser asking for too much from you? Getty Images/iStockphoto Question: My partner and I have engaged the services of a financial planner. We are in the very early stages of setting...

Did Putin Sabotage His Own Pipeline? Perhaps He’s Not The Only Irrational Political Leader

Nord stream 1 and 2 pipeline 3D rendering getty Blasts were heard at the Nord Stream 1 pipeline last week, and damage to the pipeline itself was detected underwater shortly thereafter. Russian sources...

OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic

VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed on Wednesday to slash output by 2 million barrels of oil a day, delegates said, a move likely to push up a...

Where’s the beef? Rancher sentenced to 11 years for ripping off Tyson Foods of nearly $250 million in ‘ghost cattle’ scam.

A Washington state rancher has been sentenced to 11 years in prison for a nearly quarter-billion-dollar ripoff of Tyson Foods Inc. TSN, -1.22% in which it sold the meat processor more than 260,000 hea...

Buying stocks for dividend income? Read this first

There is nothing wrong in principle with buying stocks for the income they generate, through dividends, instead of growth. It’s a strategy that’s especially appealing to retirees and others who need t...

He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.

A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom a...

I’m 66, own 5 properties, and wonder if selling might offer ‘a better retirement than being a landlord.’ But I’m struggling to find an adviser to help who isn’t ‘trying to sell me’ something. What should I do?

How to find the right adviser for you. Getty Images/iStockphoto Question: I’m looking for a financial advisor who’s not looking to just sell me some annuities or equities. I have five properties; thre...

Roth IRA and Roth 401(k): the world would be a better place without them

One can make a strong case for getting rid of the Roth version of both 401(k)s and IRAs. While having two forms of retirement saving is lovely for young professionals who know their tax rates will be ...

Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says

““They are going to cause unbelievable calamities if they keep up their action, and not just here, all over the globe,” ” — Barry Sternlicht, CEO, Starwood Capital Group  Billionaire Barry Sternlicht,...

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”” ...

Nikola Founder Trevor Milton Hangs Legal Defense on Expert Testimony

Updated Oct. 4, 2022 3:02 pm ET Listen to article (2 minutes) Lawyers for Trevor Milton are anchoring the Nikola founder’s defense against securities-fraud charges on the testimony of a Harvard profes...

Over 50% of CEOs say they’re considering cutting jobs over the next 6 months — and remote workers may be the first go to

Alarm sirens from the C-Suite about a looming recession are gaining volume in America and elsewhere, but calls back to the office for full-time work are a lot softer. Most CEOs across the globe shared...

21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023

When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds. Stock inv...

Opinion: Your off-ramp for I-bonds is coming up soon if you bought the securities for their juicy 9.6% yield

You can hold on to Series I bonds for 30 years, but if you jumped in when the interest rate skyrocketed to 9.62%, you might be looking for an off-ramp well before then. If you were attracted primarily...

Here’s exactly how much Suze Orman and Dave Ramsey say you need to save right now (and psst: most of you are falling short)

Personal finance experts Suze Orman and Dave Ramsey both recently upped the amount of emergency savings they recommend you have. Getty Images High-interest savings accounts are now paying significantl...

1 in 5 retirees don’t see this expense coming — or its $315,000 pricetag

Close up of a senior couple having breakfast and doing bills istock Only about one in four retirees has not experienced any kind of shock event in retirement, according to a study from the Society of ...

Trump Files Defamation Lawsuit Against CNN, Seeking $475 Million

Former President Donald Trump filed a defamation lawsuit Monday against CNN, accusing the network of engaging in a smear campaign against him in the lead-up to the 2024 presidential race. Mr. Trump’s ...

Opinion: This 401(k) bill opens the door to risky assets

Senators Pat Toomey, Tim Scott and Peter Meijer have just proposed a bill in Congress that would allow 401(k) plans to stretch beyond traditional investments like stocks and bonds. And when we say “be...

Trump files $475 million lawsuit against CNN, claiming defamation

NEW YORK — Former President Donald Trump on Monday sued CNN, seeking $475 million in damages, saying the network had defamed him in an effort to short-circuit any future political campaign. The lawsui...

Supreme Court won’t hear MyPillow CEO Mike Lindell’s defamation case

WASHINGTON (AP) — The Supreme Court says it won’t intervene in a lawsuit in which Dominion Voting Systems accused MyPillow chief executive Mike Lindell of defamation for falsely accusing the company o...

Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy

NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...

Carnival’s Pricing Problems Are ‘Company Specific,’ Analyst Says

“Not all cruise operators are created equally,” wrote Stifel analyst Steven Wieczynski, saying he is upbeat about the sector despite grim news from Carnival that dragged the stocks lower last week Car...

This stock market strategist says the coming recession could be the biggest ever. ‘I recommend prayer.’

Keith McCullough, founder and CEO of Hedgeye Risk Management, isn’t one to mince words about financial markets, the Federal Reserve or the economy. Right now he has a few less-than-charitable things t...

If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance

The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...

A housing ‘crash?’ What lower prices mean for homeowners and hopeful buyers.

Some would-be home buyers are rooting for a full-on housing market crash because prices have zoomed so far past the point of affordability. Please “crash faster so I might be able to own my own place ...

‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?

I’m the first of my generation to own a home and the first to earn this much annually and don’t want to mess this up. How, specifically, can a financial adviser help me? Getty Images Question: By the ...

Mark Cuban has repeatedly given this simple piece of money advice — and it’s more lucrative to do it now than it has been in over a decade

Billionaire Shark Tank host Mark Cuban Getty Images for Vox Media Billionaire Mark Cuban believes in saving for emergencies. In 2017, Cuban told Vanity Fair: “If you don’t like your job at some point,...

What will happen with inflation, interest rates and housing? Here’s what to expect in the next two years, and what could go wrong.

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