The “R” word is in the air and making people nervous. A “recession” is technically when GDP falls for two successive quarters, which happened as of last week. While politicians and economists continue to debate whether or not we’ve actually entered a recession, the reality is that Americans have already been struggling. Inflation is skyrocketing,
Month: July 2022
Today’s Social Security column addresses questions about spousal benefits after taking early retirement benefits, who will and who won’t get the 5.9% COLA and when survivor’s benefits can be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers
Oak-lined streets, a historic golf course, a nature preserve where peacocks strut their stuff. Welcome to Tarrytown, a sought-after residential neighborhood along the Colorado River in Austin, Texas. But don’t mistake the languid environment for sleepy. The tree-shaded homes in the long-established community are near shopping, schools and a contemporary art museum housed in a
In this article F Jim Farley, Ford CEO Ford Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters Barclays on Thursday saw a slump in second-quarter profit after taking a substantial provision relating to a costly trading error in the U.S. The British bank reported a £1.071 billion ($1.30 billion) net profit attributable to shareholders, meeting
In 2004, I set out to conduct a five-year “Rich Habits” study to explore how the world’s wealthiest people think about their money. Each of the 225 millionaires I interviewed fell into one of four categories: Saver-Investors: No matter what their day job is, they make saving and investing part of their daily routine. They are constantly
In this article FISV DPZ SBUX SQ DDOG Starbucks Irish Cream Cold Brew holiday drink. Source: Starbucks Between the Federal Reserve’s interest rate hike, fresh economic data and a flood of earnings from tech giants, it has been a busy week for investors. Since the market can be so volatile, it’s key to maintain a
Nirunya Juntoomma | Istock | Getty Images It’s no secret that households with sufficient emergency savings are more the exception than the norm. Two proposals in the Senate aim to change that. And, experts say, tackling the problem could lend itself to workers saving more for their golden years. “One of the best ways to
As a financial advisor for the past 20 years, the question that I’ve likely received most often is some version of, “So, how are we doing, you know, relative to our peers?” We have an innate desire to be successful, don’t we, or at least better than someone else? And while I don’t think there’s
Some say that you move to Hawaii for the beautiful weather; but what about the impeccable views? What better way to enjoy the mild climate than to also be comfortably situated where you can view the dynamic quality of the Pacific Ocean, beaches and wild shorelines. Each island is distinctive, and these homes from Oahu
In this article MCD BYND Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of Beyond Meat fell 6% in morning trading after J.P. Morgan said McDonald’s
In this article ROKU A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations
By Barbara J. Tuttle, Next Avenue After a particularly stressful work week, Jane Tafel told her husband, Mark, “I just don’t want to work this hard anymore.” She had a rewarding job as vice-president of development at a community and workforce nonprofit in Minneapolis. Still a couple of years shy of 60, she planned to
US Tax Court Chief Judge Kathleen Kerrigan’s order and decision recognizing Aegis For Dreams Foundation as a 501(c)(3) organization effective July 2, 2022 is the best tax news I have heard this year. Matthew Ryan, currently the foundation’s sole trustee, has the idea of raising at least $30 million to make a highly accurate film
We reached Javier Sempere in Alicante, Spain during the peak of his country’s preeminent festival–the Bonfires of Saint John. Held during midsummer, Alicante’s raucous lineup of parties, rituals and street dancing is the largest such bonfire bash in Spain. “The whole city is on fire tonight,” says Sempere from his recently renovated three-story home with
U.S. President Joe Biden speaks to the media as he arrives at Joint Base Andrews, Maryland, U.S. July 20, 2022. Jonathan Ernst | Reuters President Joe Biden on Saturday tested positive for Covid-19 once again after consecutive days of testing negative for the virus, his physician said. Biden, 79, is experiencing no new symptoms and
In this article AAPL Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier
Getting a job after graduation isn’t a given. While the labor market is strong and college grads are still more employable — and earn more — than their high-school counterparts, the choice of major, and degree, goes a long way toward determining how hirable you will be. A bachelor’s degree in mathematics gives students the
By Leslie Hunter-Gadsden, Next Avenue Let’s face it. No matter how well thought out an entrepreneur’s business plan is, during the first 12 to 24 months of a new business, things will happen that are different from what was expected. Startup owners must be able to pivot or tweak their businesses in order to survive
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