amriphoto Earning a good salary is one thing, feeling “rich” is another. Even doctors, lawyers and other highly paid professionals — also referred to as the “regular rich” — who benefit from stable jobs, homeownership and a well-padded retirement savings account said they don’t feel well off at all. Some even said they feel poor,
Month: August 2023
An eye-popping 38% of recent homebuyers under age 30 used either a cash gift from a family member or an inheritance in order to afford their down payment. This is according to a Redfin RDFN commissioned survey of recent movers conducted in Spring 2023. First-time homeownership has become increasingly expensive, which has shut the door
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT David Paul Morris | Bloomberg | Getty Images UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT The Lowe’s logo is displayed on the front of the store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Lowe’s reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand. The company
U.S. Commerce Secretary Gina Raimondo speaks during a Senate hearing in Washington, D.C., on May 16, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday. The Chinese side’s readout said Raimondo’s forthcoming visit was at
For a long time, I had a scarcity mindset about money. But through reading, I changed how I thought about my finances. I invested in real estate, started a small business, and ultimately became a millionaire at age 37. I’ve found that the life lessons we get from books help us achieve our goals faster,
Andreypopov | Istock | Getty Images Property taxes can be a major expense for households, and several factors may affect the size of the bill, research shows. These levies, which typically fund public services, such as K-12 education, police and firefighters, can be tough to compare across jurisdictions. But there are four key reasons for
Does your retirement plan offer Separately Managed Accounts (otherwise known as “SMAs”)? According to a recent report by Cerulli Associates, SMAs may represent the next big trend in 401k plans. Are you ready for it? Why might 401k plans want to offer SMA options on their investment menus? “Many financial providers have adopted the fiduciary
Hurricanes, tornadoes and floods likely drive more headlines, but severe heat waves are actually the most dangerous weather events humans face. According to Scientific American, they’re deadlier than the other three hazards combined. There’s plenty of reporting about the effects extreme heat has on our bodies, and even on our mental health, but what about
In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT An AMC Theatre on March 29, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images AMC Entertainment shares plummeted more than 20% Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later
In this article M Follow your favorite stocksCREATE FREE ACCOUNT Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street’s quarterly expectations. The company’s shares fell 8% in
A Dick’s Sporting Goods store in Niles, Illinois, May 20, 2014. Getty Images Check out the companies making headlines in midday trading. Dick’s Sporting Goods — The retail stock tumbled nearly 24% after Dick’s reported a rare earnings miss and slashed guidance for the year, due in part to an uptick in store theft. Earnings
For once, having a high student debt balance could be a good thing. Tell Frontier Airlines how much you owe in student loans and you could be one of 100 lucky winners who will receive an airline mile for every dollar you owe, up to 100,000 miles, the airline announced last week. Student loan borrowers
A Miami supermarket in July 2023. Joe Raedle | Getty Images News | Getty Images The forecast for the post-pandemic U.S. economy once called for a recession. Now many experts are backing off those predictions. In the latest about-face, 69% of economists surveyed by the National Association for Business Economics said they see a “soft
Dikushin | Istock | Getty Images Federal student loan borrowers can now officially sign up for the Biden administration’s new loan repayment plan. The option is expected to dramatically shrink many people’s bills. In fact, under the new Saving on a Valuable Education, or SAVE, plan, some will see their monthly obligation fall to zero
As President Biden begins to more forcefully build a reelection case citing Bidenomics, Wall Street forecasts and actual GDP data are supportive, as are recent improving sentiment scores from consumers and CEOs. But on Main Street, small business owners remain a difficult group for Biden to win over. Small business confidence is back at an
A friend texted me recently about his neighbor. “I am reaching out for Jerry. He has free dental through his Medicare Advantage plan. He has no top teeth left and needs dentures. His dentist quoted him $1,800. He had some fillings and such earlier this year and there was no bill. He wants to know
Share to Facebook Share to Twitter Share to Linkedin This segment of What’s Ahead lays out the telltale signs for a possible Reaganesque candidate emerging from tomorrow’s Republican debate. Reagan projected an exciting, optimistic view of the future, while effectively eviscerating the destructive policies and principles of his opponents. He never came across as acerbic
Just a few miles from the business district of Chester, New Jersey, is a bucolic property with 52 acres of preserved farmland. Its many antique buildings, including a five-bedroom main house with the original section dating back to the 1700s, have been expanded and updated to modern tastes. Called Black River Farm, the property is
In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT CFOTO | Future Publishing | Getty Images The Food and Drug Administration on Monday approved a vaccine from Pfizer that protects infants from respiratory syncytial virus, the leading cause of hospitalization among babies in the U.S. Pfizer’s RSV shot is already approved and available in
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