The most fortunate young Americans are ahead of their older peers when they were their age. A sizeable number have seen a savings bump in recent years. One quarter of millenmials have $100,000 or more in savings, up from 16% two years ago, according to Bank of America’s BAC, -0.69%Read More →
The number of coronavirus infections — and fatalities — has jumped in recent days. The mysterious pneumonia-causing illness that infects the respiratory tract was responsible for at least 41 deaths in Central China, with 15 new fatalities as of Saturday, and more than 1,370 cases, with 400 new cases identifiedRead More →
U.S. equity markets have experienced muted trade in the past few sessions as investors keep one eye trained on a deadly flu outbreak in China, which could be declared a public health emergency by the World Health Organization within the next 24 hours. However, gauged by the market’s performance duringRead More →
Every parent knows that kids cost a lot of money, for everything from food, clothing and shelter to child care, education and health care. They’re right: studies show that a two-parent family with two kids devotes between 31% and 47% of total household spending to its children. And at theRead More →
Zurich Airport, near the World Economic Forum in Davos, on Monday touted the fact that a business aircraft used a blend of sustainable and conventional fuel. The fuel, made by Finland’s Neste NESTE, +1.74% , aims to reduce greenhouse gas emissions by up to 80%, the airport said. But it’sRead More →
The U.S. stock market seems risky now because valuations are rich, as sentiment marches higher. But there’s a fix for that: load up on disliked, cheap value stocks. By many measures, value stocks are lagging growth stocks by almost as much as they ever have in the past several decades. UsuallyRead 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 →
Saudi Aramco shares have tumbled 10% from their peak levels less than a month after IPO, however, it still looks too expensive compared to peers. Last week the U.S. ordered a drone strike which killed Iran’s most prominent general Qassem Soleimani and caused crude oil futures (TICKER:UK:BRENT CRUDE) to brieflyRead More →
Those golden years aren’t looking so golden for most Americans. Clearly, the country’s in the midst of a savings crisis as families struggle to cover rising home costs, hefty student-loan debt and everything in between. And it seems it’s only getting worse, unless you’re at the top of the wealthRead More →
Investors may be ready to squeeze some fresh records out of Wall Street equities in the countdown to 2019’s finish. Stock futures are rising as the rest of a short holiday trading week gets under way. To be sure, we have come some ways since last year’s Christmas Eve tradingRead More →
Economists say that 2020 will be a positive — though not exactly stellar — year for the housing market. And that could be good news for renters and home buyers alike. But that’s assuming experts’ forecasts are right. “If interest rates go up 100 basis points, we’ll be off,” DougRead More →
Standup comedy, gruesome murders and an inspiring family movie will make for eclectic January viewing on Amazon Prime Video. “Broad City” ended its five-season run on Comedy Central in 2019, but co-creator Ilana Glazer is back with her first standup special — “Ilana Glazer: The Planet Is Burning” (Jan. 3)Read More →
U.S. stocks have set a string of records heading into the Christmas and the New Year holidays, giving investors a lot to cheer about over the coming break. But before the ball drops on a fresh decade, here’s when investors can expect markets to close over the next two weeks.Read More →
It has been a notably strong year for U.S. equity markets, and that strength is compelling investors to wonder wether this powerful ascent will translate into a down market in 2020. However, if statistics over the past 70 years hold true, next year is likely to produce healthy, if notRead More →
Biotechnology stocks are hot. New developments in clinical trials and drug approvals have become commonplace. And buyouts of biotech stocks at high premiums are increasing. Here is how to get your share of the outsized gains that are being generated. Let’s explore the issue with the help of two charts.Read More →
Congratulations. You just got that promotion you’ve been working toward. You are a vice president or a director or an executive vice president or a senior vice president or the chief something or other. It is well-earned recognition of a great career. Enjoy it. Oh, and get ready to beRead More →
House Democrats’ effort to impeach President Donald Trump is ramping up as the year winds down, putting the Republican-led Senate on track to hold a trial on the charges against him as the new year begins. The House Judiciary Committee on Friday approved two articles of impeachment. The articles chargeRead More →
Getty Images The Mario Draghi era is over. Thursday will feature the first European Central Bank decision with Christine Lagarde as president. No fireworks are expected as Christine Lagarde on Thursday runs her first European Central Bank meeting since taking over as president from Mario Draghi. But even without interest-rateRead More →
(Bloomberg) — While many expect the Federal Reserve’s Wednesday decision on rates to be a snooze for markets, strategists at Bank of America Corp (NYSE:). are nonetheless mulling surprises that could stir up bond prices. They see an outside chance that the Federal Open Market Committee’s updated dot plot willRead More →
You might think the hard-money, recession-at-every-corner crowd would be predicting an imminent reversal in the stock market given the 20% gain for the Dow Jones Industrial Average this year. Not necessarily. Thorsten Polleit, the chief economist at Swiss metals trader Degussa, explains why he thinks an economic boom will continue,Read More →
TGIF, MarketWatchers. Don’t miss these top stories: Personal Finance Here’s what you can do to help people who are homeless this holiday season (and what NOT to do) A global ‘Sleep Out’ on Saturday will raise awareness and funds to combat homelessness. There’s been a disturbing rise in cellphone injuriesRead More →
The start of December is testing this Teflon stock market. Wall Street’s open is looking rough for Tuesday after U.S. President Donald Trump said a China trade deal might have to wait until after the 2020 election. That came after the worst day for stocks in eight weeks. We bestRead More →
It may seem as if Britain has been mired in political turmoil forever, but the stalemate over Brexit and the U.K.’s future may come to an end next week when the public goes to the polls. Political uncertainty over the past 3½ years has caused unprecedented volatility in the poundRead More →
CHAPEL HILL, N.C. — I have some advice for you if you pay close attention to those initial reports on how Black Friday or Cyber Monday sales are going: Don’t. Not only are those initial reports worthless as a leading indicator of how the holiday shopping season will turn out,Read More →
It’s not much. Apple Inc. launched its streaming service Nov. 1 with nine original series. With no library of older content to fall back on, Apple AAPL, -0.22% is, for the most part, dropping new episodes weekly, hoping to build consistent, repeat viewership over time, as opposed to thoseRead More →
