Dear Quentin, My brother just recently passed away in June. Instead of leaving his belongings to his siblings, he chose to donate to charity — that is, his home, furnishings and all of his remaining cash. I don’t understand why he would make such a decision. We are surprised and…
Baby boomers edged out millennial home buyers, according to a new report, thanks to high mortgage rates and home prices. According to an annual report by the National Association of Realtors, baby boomers make up 39% of home buyers, up from 29% last year. At the other end of the…
U.S. stocks closed sharply higher Friday, following a softer-than-expected inflation report for February. The Nasdaq Composite ended March with its largest quarterly gain since 2020. How stocks traded The Dow Jones Industrial Average DJIA, +1.26% rose 415.12 points, or 1.3%, to close at 33,274.15. The S&P 500 SPX, +1.44% gained…
But even before the crisis — which is hopefully subsiding — more retail banking customers said they were already pulling cash from their primary bank accounts, according to new information from J.D. Power. While inflation grinds away at account balances, rising interest rates have lured customers to take more of…
The stock market, as measured by the S&P 500 Index SPX, +1.44%, continues to struggle to make headway. The downtrend that began at the beginning of February is still in place. It is a series of lower highs and lower lows on the SPX chart, and the S&P 500 has…
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Volatility among banking-sector stocks caused by the quick collapse of Silicon Valley Bank earlier this month has ignited a rush into technology stocks to the extent that are now seen as a safe-haven trade. The tech-focused Nasdaq-100 index NDX, +1.68%, which tracks the top 100 nonfinancial companies listed on the…
(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s…
U.S. workers are having a hard time disconnecting from work, and that could be causing burnout, according to a new study by Pew Research Center. The report, which interviewed more than 5,700 U.S. adults who are working full- or part-time about how the coronavirus pandemic affected their workplace and how…
A bank failure can happen in the blink of an eye, but in the case of Silicon Valley Bank, the aftermath is taking longer to play out. And the Federal Deposit Insurance Corp.’s latest action — selling $72 billion of the failed San Francisco bank’s loans to First First Citizens…