Economy
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These money and investing tips can help relieve your stress about the market
Don’t miss these top money and investing features: INVESTING NEWS & TRENDS Want to learn how to be good with money? The best teacher may surprise you. The average American is less financially literate about risk today than in 2017 — and Gen Z is the worst. Read More acc‘The inflation genie is not going…
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A Fed pause looms. Be careful what you wish for, say these analysts.
The optimism sparked a week ago by better-than-expected results from some of U.S. banking’s big beasts has faded. The first quarter earnings season now might generously be described as mixed. If news on corporate profits can’t push the S&P 500 SPX, -0.10% through the top of its five-month range between 3,800 to 4,200 then bulls…
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Dow posts 3-day losing streak as Tesla, energy shares drag down Wall Street
U.S. stocks finished lower on Thursday, with disappointing earnings report from Tesla Inc. weighing on technology stocks, while a slump in oil prices dragged down shares in the energy sector. The debt ceiling debacle in Washington also continued to worry investors. On Wednesday, the Dow fell 80 points, or 0.2%, while the S&P 500 shed…
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Yellen says U.S. policies to China will prioritize national-security interests even at the expense of the economy
Treasury Secretary Janet Yellen on Thursday criticized China’s aid to companies as she set out how the U.S. is approaching competition with the world’s No. 2 economy in what she said was a “tense moment” in bilateral relations. In a speech Thursday at the Johns Hopkins University’s School of Advanced International Studies, Yellen said China…
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Put your hobbies to good use to create a ‘greener’ retirement
After he retired from teaching in public high schools on Chicago’s South Side in 2002, Jim O’Connor, 77, discovered a new calling, as a volunteer for ecological restoration projects. “I started volunteering when I was teaching in the late 1980s,” O’Connor says. “After retirement I obtained an [herbicide] applicator’s license from the state to apply…
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Instagram staff in London to be cut or relocated to U.S.: report
Meta Platforms will be cutting or relocating around 100 London-based employees working at Instagram, Bloomberg reported late Wednesday. Instagram’s presence in London expanded early last year when leader Adam Mosseri moved there temporarily. Mosseri plans to move back to the U.S. and will bring along the staff members who aren’t laid off, the report said,…
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Treasury yields dip on haven demand as stocks open lower
Treasurys rallied Thursday morning, sending yields lower across the board, as investors weighed downbeat U.S. earnings, the prospects of an economic slowdown, and the chance of Federal Reserve rate hikes through June. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.182% slipped to 4.194% from 4.263% on Wednesday. Yields move in the opposite direction…
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13 must-dos for your preretirement checklist
“Experts need checklists—literally—written guides that walk them through the key steps in any complex procedure,” according to Atul Gawande, author of “The Checklist Manifesto.” And no matter whether you’re an expert or not, you too need a checklist for retirement planning, especially if you’re five to 10 years away from retiring. Here, according to experts,…
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These five synchronized assets are pointing to a ‘black swan event,’ says market veteran
Blame Elon Musk for the sour mood that’s shaping up for Thursday, as Tesla earnings gloom (see more below) appears to be having a pinball effect across several asset classes. Of course, the day is young, with lots more data and earnings to come, including some regional banks after the sector’s turmoil last month. Assets…
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Netflix misses on subscriber growth and earnings forecast, but stock recovers on ad plans, password-sharing crackdown
Netflix Inc.’s stock initially plunged in after-hours trading Tuesday, after the streaming giant posted weaker subscriber growth and forecast a smaller profit than Wall Street expected. But shares later erased most of their losses on company disclosures that its new ad-supported service is a success and its crackdown on shared accounts in the U.S. is…