A Social Security Administration office in San Francisco. Getty Images A new Social Security trustees report points to a slightly longer time horizon for the program’s trust funds. But even with a new depletion date of 2035 — a year later than projected last year — the program still faces a 75-year deficit. A one-year
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DK Metcalf, of the Seattle Seahawks, during a Meet & Greet with DIRECTV NFL SUNDAY TICKET subscribers at the DIRECTV NFL SUNDAY TICKET Lounge on Saturday Feb. 1, 2020, in Miami, FL. Peter Barreras | AP Disney, Apple and Amazon have all submitted bids to become the new broadcast rights owner of the National Football
Trevor Williams The 60/40 portfolio is under fire. But should investors sound the death knell for the classic investment strategy? Financial advisors and experts don’t think so — but it likely needs a tweak. “It’s stressed but it’s not dead,” said Allan Roth, a certified financial planner based in Colorado Springs, Colorado. More from Personal
President Joe Biden remarks on efforts to lower high gas prices at the Eisenhower Executive Office Building in Washington, D.C. on June 22, 2022. Jim Watson | AFP | Getty Images President Joe Biden has called on Congress to put a three-month federal gas tax holiday in place to help ease the financial pain drivers
Pro-choice activists are seen outside of the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly. The University of Michigan’s Surveys of Consumers said consumers expect inflation to rise
Abortion rights activists hoist their signs near the U.S. Supreme Court in Washington on June 24, 2022. Olivier Douliery | AFP | Getty Images The Supreme Court’s decision to overturn Roe v. Wade on Friday may cause financial hardship for many women, especially those already facing economic instability, research shows. The court’s decision, ending 50
Ben Rains dives into where the market and the economy stand amid downbeat consumer sentiment and growing recession fears. The heavy selling that sent the S&P 500 into a bear market could come back following a nice bounce back. Still, investors with long-term outlooks might want to consider buying some blue chip tech stocks at
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In this article DIS Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Disney sent an internal memo to employees Friday, assuring them it will help pay for pregnancy-related care if they have to travel to a different state in lieu of the Supreme Court’s decision to overturn Roe v.
In this article JPM JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that it will pay for travel to states that allow legal abortions,
Mint Images | Mint Images Rf | Getty Images Women prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women’s general enthusiasm for investing and boost long-term wealth, according to financial experts. About 52% of women would rather invest in
In this article GS There’s a silver lining to higher interest rates: Stashing some cash finally pays. Soaring inflation, which pushed the Federal Reserve into hiking its benchmark rate, is having an effect on the return savers stand to get on their money, at long last. While the Fed has no direct influence on deposit rates, they
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In this article MCD The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s is making changes to how it awards franchises in the hopes of attracting more diverse candidates, the latest shakeup in how the burger chain’s management oversees its franchisees. Starting in 2023,
In this article KBH OXY RAD CSA-FF DRI FDS Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut
Samuel Corum/Bloomberg The Senate Finance Committee on Wednesday unanimously approved a series of proposals that make full congressional passage of a retirement-improvement package more likely this year. Called the Enhancing American Retirement Now (EARN) Act, the measure contains some provisions that are the same or similar to those proposed in the House, which passed the
Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal hasn’t yet been reached, and the two
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for the Senate Banking Committee a day prior, Powell said the Fed understands the “the hardship high inflation is causing. We
“You can tell every young investor that’s never seen a bear market or never used margin … but until they experience the fear, the darkness and the getting completely wiped down of their account, that’s how you learn,” said celebrity investor Kevin O’Leary. Christopher Willard | Disney General Entertainment Content | Getty Images There is