The hot equities and housing markets have contributed to a surge in U.S. household wealth during the pandemic. According to the Federal Reserve, household wealth grew by $19 trillion to $137 trillion ...
Tag: Society/Community
It’s the beginning of the end of globalization, say BlackRock’s Larry Fink and Oaktree’s Howard Marks
“The magnitude of Russia’s actions will play out for decades to come and mark a turning point in the world order of geopolitics, macroeconomic trends, and capital markets.” That was Larry Fink, CEO of...
Will the Fed rate increase mean higher interest on your savings and not using your travel card rewards may not be such a bad thing
Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: There’s a recession warning as the Federal Reserve fights inflation Also, value stocks, the wild market for crude oil and a U.S. compan...
Opinion: The Fed needs to target a floor for the 10-year Treasury, in addition to radically raising the fed funds rate
Federal Reserve Chairman Jerome Powell faces the toughest task since Chairman Paul Volcker tamed the Great Inflation of the 1970s and early 1980s. And a lot of the pressures driving the most virulent ...
‘She had a will, but it was null and void’: My friend and her sister are fighting over their mother’s life-insurance policy and $32,000 bank account. Who’s right?
Dear Quentin, My friend’s mom passed away about a year ago. She had a will, but it was null and void because there was only one witness signature. She has two daughters. One of the girls, Mary, moved ...
‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret
Elon Musk will happily broadcast a few choice words about U.S. senators, but he’s quieter when it comes to his philanthropy. There’s a good chance the public may never know which charity or charities ...
‘He promised to pay them off’: My daughter lived with a man for 9 years. He took out credit cards in her name. Will she be held liable?
Dear Quentin, I have a problem. My daughter lived with a guy for nine years. During that time, I found out that he took out two credit cards in her name without her permission. Identity theft, right? ...
‘We live 5 minutes from our in-laws who have a larger home’: Is it a good idea to swap houses? Will I end up with a surprise tax bill?
I am a California resident. My husband and I own a 1,800-square-foot home that we bought in 2019 for $1.5 million. We have between 40% and 50% equity in the property due to a large down payment. We li...
Elon Musk gave 5 million Tesla shares to charity after teasing possible donation to fight world hunger
Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the worl...
‘I don’t know if it’s worth dealing with tenants’: Should I convert my home into a rental, or sell it?
I have enough money to put down on a second home — I need a slightly bigger place and another bedroom. I currently live in Portland, Ore., but I am planning to move outside of Portland. However, I’m c...
More than 70% of savers are worried that inflation will affect their ability to retire
Inflation just hit its highest level in 40 years. Future inflation expectations have risen by a third in 12 months. And the federal government’s own “inflation protected” bonds, which were designed to...