Last year, billionaire Robert Smith shocked about 400 Morehouse College graduates (and people around the world) when he announced that he would pay off their student debt. Today, he returns with an initiative that he believes will address the challenges faced by black student loan borrowers on a broaderRead More →
FedEx Corp. stock rallied late Tuesday after the deliveries and logistics company reported better-than-expected adjusted profit and sales in its fiscal fourth quarter, as the surge in online buying amid the coronavirus pandemic offset higher costs and thinner margins. FedEx FDX, +4.21% reported a loss of $334 million, or $1.28Read More →
Q: My father passed last year with an IRA valued at $90K with me as the sole beneficiary. I have a brother and a sister that should have been named. Is there a way to draw a legal document that would instruct the broker to split (roll?) the account intoRead More →
The quarter has been stellar, with the Nasdaq COMP, +0.74% in particular on fire, but the Russell 2000 RUT, +0.40% hasn’t been far behind. Russell 2000 — a contender. Our call of the day from Mary Lisanti, president of Lisanti Capital Growth and manager of the Lisanti Small Cap GrowthRead More →
The numbers: The step-by-step reopening of the economy and the increase in the number of people returning to work buoyed the spirits of U.S. households in early June, according to a closely followed survey of consumer sentiment. The preliminary reading of the consumer-sentiment survey rose to 78.9 in June fromRead More →
R.S.R. Dear R.S.R., I hear you — it’s frustrating to read about people who get to live large in retirement when your reality (and frankly, most Americans’ reality) is very different. The average Social Security retirement benefit in 2019 was $1,470 a month or $17,640 a year, according to theRead More →
At the risk of sounding like Thomas Friedman, who is famous for getting insights from taxi drivers, when I get in an Uber UBER, +2.14% or a Lyft LYFT, +7.02% I often find myself talking to the driver. About the job, the company, the passengers, and so on. One ofRead More →
Slack Technologies Inc. revenue topped $200 million in a quarter for the first time, but the stock still sank hard in the extended session Thursday afternoon after closing at record highs in recent days. Slack reported a loss of $74.4 million, or 13 cents a share, on revenue of $201.7Read More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
Retailers will reveal more about the holiday-shopping season in the coming week, with the end of the earnings recession in sight. Home Depot Inc. HD, -0.68% is the lone Dow Jones Industrial Average DJIA, -0.78% component on the docket, and will be joined by plenty of other retailers that willRead More →
Unemployment hasn’t been this low for 50 years, but a record one-quarter of student loans from a popular federal program qualified for easier repayment plans to help borrowers avoid default, according to DBRS Morningstar. Income-based repayment plans were being used on 24.7% of $452 billion worth of student loans withRead More →
China’s extraordinary economic growth over the past four decades transformed the country into the world’s second-biggest economy. The key to this growth is global trade. China is not only the largest trading partner in the world, but it is also central to a myriad of supply chains. From raw materialsRead More →
It was a goddess that inspired Sunny Bertollini to move to Italy. The 50-year-old herbalist, and her husband, Mark Hinshaw, a 72-year-old retired architect, had been coming to Italy on vacation for years. On one trip, they visited an ancient temple to Salus, a Roman goddess of health and well-beingRead More →
Hello Catey, I am a 53-year-old woman who is looking to retire within the next 18 months. I currently have a home that is paid for which I plan to use as a home base. Outside of that home, my assets are $150,000 cash savings and $1.4 million in myRead More →
I have devoted my entire adult life to learning about money. That might sound like cruel-and-unusual punishment, but I’ve mostly enjoyed it. For more than three decades, I’ve spent my days perusing the business pages, reading finance books, scanning academic studies and talking to countless folks about their finances. Yet,Read More →
IBM Corp. investors are hoping that incoming Chief Executive Arvind Krishna will bring the same relentless focus on the cloud that Satya Nadella brought to help turn around Microsoft Corp. Earlier Thursday, news that Ginni Rometty will be stepping down as CEO on April 6 and be replaced by Krishna,Read More →
3M Co. Chief Executive Mike Roman said Tuesday that his view of weakness in the China business is “changing” because of the coronavirus, as the outbreak of the deadly virus has boosted demand for face masks. The industrial and consumer products maker’s stock MMM, -5.06% took a dive in middayRead More →
Two of the best-performing tech stocks of 2019 are set to report results Tuesday, but they’ll do so with a looming shadow. Stocks suffered their worst day in more than three months Monday, amid fears of a virus spreading in and out of China. Apple Inc. AAPL, -2.94% and AdvancedRead More →
(Photo by Kevin Winter/Getty Images) Kobe Bryant at ESPN’s 2019 ESPY awards. Bryant, 41, died in a helicopter crash on Jan. 26. Finding passion and purpose after professional sports can be a challenge, but Kobe Bryant pulled off the difficult shot with grace. The budding business career for the LosRead More →
It’s been a brutal month for baseball. The Houston Astros sign-stealing scandal has rocked the league, causing unprecedented punishment and three managers to lose their jobs. But this week, baseball fans can take a break from the scandal and focus on something more positive: the Hall of Fame. Major LeagueRead More →
Dear Catey, We are a physician and engineer couple planning to retire in 10 to 15 years. After spending most of our adult lives in several cold places (Wisconsin and Illinois, among them), we would like to move south and retire there. Our plan is to take up jobs inRead More →
Retirees have a healthy concern for their health-care options. Health, in fact, is the No. 1 concern for retirees, according to a survey by T. Rowe Price. Indeed, 70% of retirees felt concerned about both their health and the cost of health care heading into retirement, the financial-services firm found.Read More →
Retirement dreaming on such a winter’s day. More than half of workers say traveling and spending more time with family and friends are what they’d relish when they step away from the workplace, and almost half cite devoting time to their hobbies. A notable 30% of workers, however, hope toRead More →
We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. And that’s outside of what you get from your Social Security checks. Those figures are according to an analysis released Thursday byRead More →
