May 2023

Morgan Stanley Chief Executive James Gorman said Friday that he plans to step down as the bank’s chief executive officer within a year, observing that the investment bank has a strong bench of internal candidates to serve as its next leader. “ ‘There’s an old saying … that when you…

House Democrats last week were pushing forward with a parliamentary procedure to raise the U.S. debt ceiling, even as — at the time — President Joe Biden and House Speaker Kevin McCarthy sounded upbeat about getting to a deal. As Democrats launch what’s known as a discharge petition, House Minority…

Salary ranges are getting wider for certain jobs — particularly those in technology hubs and in states with pay-transparency laws.Job listings in the fields of pharmacy, medical information, scientific research and development, industrial engineering, and software engineering are showing increasingly large pay ranges, according to a new study by Indeed…

If you own a small-cap fund in your retirement portfolio, you may be wondering if it’s time to throw in the towel.Small-cap stocks, which these days means stocks with a capitalization or market value of less than about $10 billion, are on track for yet another dismal year. The Russell…

The Great Resignation is coming to a close, as far as one prominent economist is concerned — and “the Big Stay,” as she dubs it, could be here to, well, stay. Nela Richardson, chief economist at ADP ADP, +0.35%, the payroll-service company, says that workers are increasingly sticking with their…

If you’re going to try to retire early and rich by picking the right stocks, there’s something you should know first: Most stocks end up losing you money. Over the long term, a majority of stocks on the U.S. stock market have actually ended up as worse investments than keeping your…

Megacap technology stocks have dominated the U.S. stock market performance this year, powering the Nasdaq Composite to a new nine-month high this week as investors have loaded up on them in a “safe-haven play” on concerns over a potential recession, a federal debt-ceiling breach and more stress in regional banks.…

She doesn’t know how much her student-loan bill will be when the years-long pandemic-era freeze on payments ends. Eminger’s loans were transferred during the pandemic to a new servicer, but she’s struggled to communicate with the organization, which could help her learn her monthly payment amount. She’s also rushing to…

Here’s a summary of how the 11 sectors of the S&P 500 SPX, -0.14% have performed his year and how forward price-to-earnings ratios compare to valuation levels at the end of 2021: Sector or index 2023 return 2022 return Return since end of 2021 3-year return 5 year return Forward…