The Federal Reserve has increased the federal funds rate by 5.25 percentage points since spring 2022, causing Treasury yields and mortgage rates to jump to levels last seen in the 1990 s. Over the winter, homebuyers got some relief when optimism of Fed rate cuts in 2024 helped yields on the 10- year Treasury note yields used by banks to set mortgage rates to dip.
As Truth Social goes, so shall go the Trump campaign. If Truth Social is riding high, so will Donald Trump; if not? Donald Trump's cash crunch eased somewhat when an appellate court lowered the sum he needs to post bond in a New York civil fraud case, and his social media company, Truth Social, initially took off like a rocket on Wall Street.
Generation Z knows they need to prioritize their financial well-being but many of this age cohort don’t know where to start.
Hello, Toni: My husband, Jay, retired six years ago when he turned 65. I spoke with a representative at the Social Security office and asked if Jay would receive a penalty for delaying enrollment in Part B. The rep said he would not, but that Jay will need to provide evidence that he has been enrolled in my employer health insurance. Hi Shirley: I have good news for you…
Wealth management giant Vanguard is moving into a newly built 91- acre campus in University City after managed health insurance company Centene abruptly backed away from its billion-dollar plans to locate there in 2022.. What happened with the Centene deal. In 2020, St. Louis- based Centene detailed plans to build its East Coast headquarters in Charlotte and…
Americansâ âmagic numberâ for retirement is surging to an all-time high â rising much faster than the rate of inflation while swelling more than 50% since the onset of the pandemic.
A major survey of 359 CIOs and CFOs, representing more than $13 trillion in global balance sheet assets, indicated some âcautious optimism.”
One of your important sources of retirement income will likely be Social Securityâ but when should you start taking it? You can start collecting Social Security benefits at 62, but your checks will be considerably bigger if you wait until your full retirement age, which is likely between 66 and 67. However, if you have adequate financial resources to meet your…
The S&P 500 jumped 10% in the first quarter, its largest gain since the first quarter of 2019.. A combination of strong earnings, a buoyant economy, and anticipation of interest-rate cuts from the Federal Reserve sparked the move. David Solomon, CEO of Goldman Sachs, which adjusted its stock Conviction List.
Almost one in every three millennial investors plans to switch advisors within the next year, according to new research.
In a year where more Americans are reaching 65 than ever before, lingering economic concerns are casting a shadow over many workersâ retirement prospects.
Although Black consumers frequently report facing financial stress, many report optimism that their financial health will improve.
Three factors contribute to women’s inability to save for a secure retirement, a financial expert said.
Women are controlling more money but experiencing more challenges. What you need to know to help them make effective financial decisions.
NEW YORK– Wall Street set more records Thursday as U.S. stocks coasted to the close of their latest winning month and quarter. It's leaped as the U.S. economy has remained remarkably solid despite high interest rates meant to get inflation under control. And with inflation hopefully still cooling from its peak, the Federal Reserve has indicated it will likely cut…
âSecurities fraud in environmental, social and governance policies is being committed in Mississippi by investment giant BlackRock, says the state in a cease and desist letter. Mississippi Secretary of State Michael Watson, with jurisdiction over securities, gave the company 30 days to respond to his office's Wednesday letter. "You've got a company with…
NeuGen, a Madison-based spinoff of WEA Trust, on Wednesday sued Massachusetts- based MassMutual, alleging nearly 300 former NeuGen employees lost $3 million when MassMutual terminated a retirement fund after NeuGen announced layoffs in 2022.. NeuGen was started in 2018 by WEA Trust, the insurance company created by the Wisconsin Education Association…
Agents and advisors are focusing on enhancing clientsâ financial literacy, providing benefits for both advisor and clients.
âNow, the demand for clean energy is being amplified by something else: a focus on energy security,â Mr. Fink wrote.â Iâ m hearing more leaders talk about decarbonization and energy security together under the joint banner of what you might callâ energy pragmatism.ââ. The messaging shift on a contentious issue that conservatives assail asâ woke capitalismâ comes after…
House Republicans released a new budget proposal that would raise the Social Security retirement age, restructure Medicare, ban abortion and threaten fertility treatments. On Social Security, the RSC budget plan proposes "modest adjustments to the retirement age for future retirees to account for increases in life expectancy," but does not specify what that…
