Investing
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Dow closes 200 points lower as fewer job openings stoke recession worries
U.S. stocks closed lower Tuesday, with the Dow and the S&P 500 index snapping a four-day winning streak, as investors weighed new declines in factory orders, data hinting at a softening labor market ahead of Friday’s jobs report, and what that means for recession fears and interest rates. How stock indexes traded The S&P 500…
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Is your debt making you ill? How you can restructure or rethink loans to help you sleep at night.
Debt has been linked to greater health risks for older adults, but not all debts affect your health, and the exact mechanism that causes health issues isn’t yet known. Still, studies show that some types of debt — specifically unsecured loans like credit-card balances — coincide with health issues, and others, typically mortgages, don’t. Stacey Betts is a good…
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Most homeowners outside of high-risk zones don’t buy flood insurance, but that could be an expensive mistake
Between atmospheric rivers in California, Hurricane Ian in Florida, flash floods in Kentucky and monsoons in Las Vegas, floods have caused billions of dollars in damage over the past year alone. You may not think flooding could ever affect your home. However, 90% of natural disasters in the U.S. involve floods, according to the Federal…
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Can you save money on Mark Cuban’s Cost Plus Drugs site? And how does it work with Medicare?
Bill Hearn’s medication to treat his mild chronic obstructive pulmonary disease, or COPD, would cost him $275 per month from CVS Pharmacy through his Medicare Part D prescription drug plan. But the 69-year-old retiree living in Knoxville, Tennessee, gets a generic version delivered from a new online pharmacy, instead. It costs hundreds of dollars less. “I’d read…
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Credit Suisse chairman apologizes at final shareholder meeting in 167-year history
“We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It pains me that we didn’t have the time to do so, and that in that fateful week in March our plans were disrupted. For that I am truly sorry. I apologize that…
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2023 has been rough so far. Use it as a wake-up call for your retirement planning.
Bank failures, interest-rate hikes and market volatility put stress on Americans and their finances during the first three months of 2023. But instead of worrying, use it as motivation to make sure you’re prepared for what’s ahead. Retirement Tip of the Week: Take the second quarter of 2023 to refresh your retirement plans — even…
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Oil prices soar after Saudi Arabia leads coordinated OPEC+ cuts totaling more than 1 million barrels a day
[]Oil futures surged after Saudi Arabia led a surprise oil-production cut across several OPEC+ member countries that will remove more than 1 million barrels of oil a day from output by May. []In an announcement on Sunday, Saudi Arabia’s Ministry of Energy stated that the kingdom will implement a voluntary cut of 500,000 barrels a…
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UBS may slash up to 30% of workforce following Credit Suisse takeover: report
Swiss investment bank UBS Group AG is preparing to lay off as many as 36,000 people in the wake of its planned takeover of rival Credit Suisse — significantly more than first planned. Citing insiders at the bank, the Swiss newspaper SonntagsZeitung reported Sunday that UBS UBS, -3.00% plans to cut 20% to 30% of…
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Dow closes up by more than 300 points after surprise OPEC+ production cut
Dow industrials and the S&P 500 finished higher on Monday for the fourth straight trading session, as investors reacted to a surprise oil-production cut announced by Saudi Arabia and its allies over the weekend. What happened The Dow Jones Industrial Average DJIA, +0.98% finished up by 327 points, or 1%, at 33,601.15. The S&P 500…
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How does Apple’s Pay Later work, and should you use it?
This article is reprinted by permission from NerdWallet. Apple recently rolled out its hotly anticipated new payment feature, Apple Pay Later. The feature lets users split an eligible purchase into four equal installments with zero interest over the course of six weeks when they check out online or in-app through Apple AAPL, -0.18% Pay. Apple…