Investing
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Breakthrough deal struck to keep drought-ravaged Colorado River flowing — key water source for California
Arizona, California and Nevada advanced a proposed plan to cut their use of drought-ravaged Colorado River water for drinking, washing and hydropower over the next three years. Negotiations around the plan announced Monday have been hard-fought, dividing the states because of big differences in their population size and water use, such as for California’s agricultural…
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To catch a cheat: How monitors catch illicit gambling activity
Suspicious gambling activity, which can be anything from gambling underage to full-on match-fixing, existed long before 2018 when the Supreme Court struck down the federal sports betting ban. But since sports betting has become legal in more than 30 states nationwide, there have been plenty of scandals even in the regulated marketplace. Some, like the…
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U.S. stocks kick off week on cautious note as debt-ceiling talks continue
U.S. stocks saw a mixed start to the week ahead of more government debt-ceiling talks later on Monday, though the S&P 500 and Nasdaq Composite managed to remain near 2023 highs. Meanwhile, investors were weighing remarks by Federal Reserve officials about whether it would be appropriate to hold interest rates steady at the central bank’s…
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4 strategies to recession-proof your retirement plan
Protecting your retirement in the face of a potential recession means taking a hard look at your financial plan and making sure you have enough of a safety net if the economy falters later this year or next year. As many as two-thirds (67%) of U.S. adults expect the economy will enter into recession later…
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Biden says in Hiroshima press conference that Republicans must ‘move from their extreme positions’ on debt limit
President Joe Biden on Sunday called for Republicans to agree to compromises in debt-ceiling negotiations, as he wrapped up a visit to Japan for a G-7 summit and prepared to fly back to Washington, D.C. “Now it’s time for the other side to move from their extreme positions, because much of what they’ve already proposed…
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These are the leading candidates to succeed James Gorman as Morgan Stanley CEO — and what happens next
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 have to hire an outside…
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Small-cap stocks suck. Is it time to buy small caps?
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 2000 index RUT, -0.62%,…
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Most stocks end up losing you money. So what’s a stock-market investor to do?
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 money in low-risk 1-month…
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Megacap tech stocks out of control? Big Tech still has the power to extend the rally and weather an economic storm, analysts say.
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. The tech-focused Nasdaq-100 index NDX,…
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After the pause: This is how borrowers are preparing for resumption of student-debt payments
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 take steps that could provide…