Text size Arizona Democratic Sen. Kyrsten Sinema Drew Angerer/Getty Images Democratic party leaders struck a deal with moderate holdout vote Sen. Kyrsten Sinema, moving their climate and healthcare bi...
Tag: Political
Apple’s enviable cash hoard is dwindling — and that’s surprisingly good news for the stock price
Apple’s cash position is plunging, and that’s positive for both the business and the company’s shareholders. Yet many investors and Wall Street analysts see signs of trouble that Apple’s AAPL, -0.14% ...
US Conservative Political Organization Makes the Case Against CBDCs, Praises Bitcoin and Private Stablecoins
A fiscally conservative think tank doubts that central bank digital currencies (CBDCs) would be beneficial and wonders if they might even bring about negative outcomes. In a new policy brief, the Club...
I hired a financial planner, but they’ve already lost $70K. What should I do?
Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial ...
Got Hidden Income? The IRS May Get More Money to Find You
If Congress passes the Inflation Reduction Act, Americans should expect more IRS audits—especially on filers making more than $400,000 a year. The surprise agreement between Sens. Chuck Schumer (D., N...
Warren Buffett says this is the ‘biggest mistake’ people make with their money (and psst: it has to do with savings)
Warren Buffett johannes eisele/Agence France-Presse/Getty Images Warren Buffett, the infamous 91 year-old Oracle of Omaha, is worth roughly $100 billion dollars — and could clearly spend frivolously. ...
‘We expect it to be removed’: Democrats’ push to close ‘carried interest loophole’ in jeopardy as Sinema seeks to block effort
Sen. Kyrsten Sinema has signaled her opposition to closing a controversial tax loophole that allows carried interest to be taxed as capital gains instead of income, according to multiple reports. As a...
‘I’m stuck in a penny-pincher mindset’: My spouse and I bought a home, but he only wants to buy high-end items. How can we agree?
Dear Quentin, My spouse and I spent years saving for a new house, and living well below our means. It may sound weird, but now that we have a new home, we feel overwhelmed by the prospect of spending ...
I started the year with $3.85M but ‘have watched my accounts drop 20%.’ When I asked about it, I got ‘unsatisfactory’ answers from my financial adviser. That said, he ‘by and large has done well for me.’ What’s my move?
Do you have the right communication going on with your financial adviser. Getty Images/iStockphoto Question: I have watched my accounts drop 20% this year, which is better than the market, but startin...
When can you retire? This beginner’s guide can help you find the answer.
“I want to know if I can retire,” Marie said, dropping her investment file on my desk and sitting down across from me. She was typical of many preretirees everywhere, trying to figure out when they co...
Moderna CEO: No ‘Crazy’ Deals. We’re Giving Cash to Shareholders.
Text size Moderna CEO Stephane Bancel says his company will keep returning cash to investors until it finds a better way of creating value. Jason Alden/Bloomberg Moderna ’s CEO is feeling no pressure ...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
Sandy Hook Families Accuse Alex Jones of Diverting Funds From Infowars Parent Company
Families of Sandy Hook victims who are suing Alex Jones for defamation accused the conspiracy theorist of siphoning significant amounts of money from Infowars’ parent company before he put the busines...
Cost of Democrats’ Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Here’s exactly how much Americans have in savings at every age — and (yikes) here’s what they should have
How much savings you need Getty Images/iStockphoto No matter your age, savings is a necessity. But depending on your age, the amount of savings you will need changes according to life stages and your ...
Moderna’s Earnings Are Wednesday. Here’s What to Expect.
Text size Moderna is developing two vaccines for the fall, one for the U.S. and the other for international markets. Sean Gallup/Getty Images As the U.S. prepares for a broad Covid-19 booster campaign...
I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.
Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to k...
5 things Warren Buffett does to save money — that you should too
Warren Buffett is known to be frugal. Getty Images Warren Buffet is worth about $100 billion, and clearly doesn’t need to worry about how much money he spends on a daily basis. But the famed billionai...
‘I have watched my accounts drop by 22%.’ My financial adviser has usually ‘done well’ but now it feels like he’s not making enough adjustments in this tough market given that I’m losing ‘large chunks’ of money. What’s my move?
How to know if your financial adviser is doing a good job. Getty Images/iStockphoto Question: I have had a financial advisor with a national firm for more than a decade. We have done well and his fee...
My boyfriend, 68, has almost no ‘mad money’ for fun activities and trips. He lives with his father, 95, and expects to inherit his house. Is it unreasonable to expect him to get a part-time job?
I am a 65-year-old retired woman with modest Social Security and annuity payments. I also own my own home and have savings. I’ve been seeing a 68-year-old retiree since just before the pandemic. He li...
IRS Changes Guidelines for Inherited IRAs, Causing Confusion and Pushback
Figuring out the most efficient way to navigate the tax impact of inheriting individual retirement accounts has become more complicated since the Internal Revenue Service issued proposed new rules in ...
Big Oil Could Pay Up to $25 Billion in New Taxes Under Dems’ Inflation Bill
Text size An oil pumpjack Spencer Platt/Getty Images Oil stocks were poised to open lower Monday as investors reacted to the news that the Democrats’ climate change measure could cost oil companies, b...
‘Continuing home price deceleration.’ Here’s what 5 economists and real estate pros predict will happen to the housing market this year
What will happen in the housing market this year? Getty Images When will home price growth really slow down? Will mortgage rates continue their upward climb? What do I need to know if I’m trying to bu...
‘It has me questioning if we are in the right relationship.’ Our financial adviser is a ‘top performer’ but she costs well over $20K a year — even when we lose money. Should we get a new one?
How to know if your financial adviser is worth the money. Getty Images/iStockphoto Question: After our first financial adviser retired, we picked a new one recommended by her to continue our relations...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...