Pixdeluxe | E+ | Getty Images Americans often worry about hitting specific money goals for retirement, but a new report finds that the decision to retire often happens independently of reaching that “magic number.” U.S. households over the age of 55 control 74% of investable assets, but their retirement status has little to do with
Svetikd | E+ | Getty Images Have the money to buy a home? If you follow through, it may not be money well-spent. For generations, Americans have thought of homeownership as a hallmark of success. Even today, 74% of U.S. adults say owning a home is a cornerstone of the American dream — ranking higher
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In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A customer carries a Buy Buy Baby shopping bag in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Bed Bath & Beyond is splitting the bankruptcy-run auction of its Buy Buy Baby chain into two phases as the retailer struggles to
Huawei Technologies Chief Financial Officer Meng Wanzhou reacts as she leaves her home to attend a court hearing in Vancouver, Canada, August 10, 2021. Jennifer Gauthier | Reuters SHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had expected. One of the expectations
Imtmphoto | Istock | Getty Images These days, many young adults do not become financially independent until they are well into their 20s. To be sure, inflation has made it even harder for those just starting out. But, in addition to soaring food and housing costs, millennials and Gen Z face financial challenges their parents did not as young adults:
A “Sold” sign outside a home in the Toll Brothers Regency Ranch at Folsom housing community in Folsom, California, US, on Tuesday, May 16, 2023. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on
In this article OSTK Follow your favorite stocksCREATE FREE ACCOUNT A United Parcel Service worker loads orders onto a truck in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Ken James | Bloomberg | Getty Images Overstock.com is going all in on failed retailer Bed Bath & Beyond. The e-commerce
Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. Saul Loeb | AFP | Getty Images All 23 of the U.S. banks included in the Federal Reserve’s annual
The U.S. Supreme Court building in Washington, D.C., on June 27, 2023. Kevin Dietsch | Getty Images The Supreme Court will soon hear a case that could affect broad swaths of the U.S. tax code, corporate revenue and federal wealth tax proposals. The case, Moore v. United States, is slated for the next court term
Thanasis Zovoilis | Getty Callers who have sought help from the Social Security Administration in recent years have reported long wait times, dropped calls and inability to access the agency’s services. A new report from the Social Security Administration Office of the Inspector General finds the agency experienced more than 40 telephone system disruptions between
There are new signs of a resilient housing market and a home renovation rebirth with potentially bullish implications for three of our Club names. Shares of Stanley Black & Decker (SWK) and Caterpillar (CAT), whose tools and machinery are used in homebuilding, have been on the upswing in recent weeks. Additionally, after a lull in
In this article NOVO.B-DK LLY PFE Follow your favorite stocksCREATE FREE ACCOUNT An Eli Lilly & Co. logo is seen on a box of insulin medication in this arranged photograph at a pharmacy in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Drugmakers are jockeying to capitalize on the next major innovation coming to
Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate increases ahead and possibly at an aggressive pace. “We believe there’s more restriction coming,” Powell said during a monetary policy session in Sintra, Portugal. “What’s really driving it … is a very strong labor market.”
If you want to be rich, you have to know your numbers. How much do you spend on groceries? On entertainment? On gifts? Even how much you tip matters. I understand that it can be hard. When your finances aren’t where you want them to be, it’s sometimes easier to just avoid looking at them.
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Fotograzia | Moment | Getty Images BOSTON — As worried about climate change as workers might be, it can be tricky if not impossible to invest with the environment in mind in your workplace retirement plan. Less than 5% of 401(k) plans offer funds dedicated to environmental,
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage application volume rose 3% compared with the previous week, according to
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In this article REGN Follow your favorite stocksCREATE FREE ACCOUNT View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images Shares of Regeneron fell nearly 9% on Tuesday after the U.S. Food and Drug Administration declined to
In this article GSBD JPM GNRC Follow your favorite stocksCREATE FREE ACCOUNT Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020. Lordstown Motors