Investing
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Can Social Security keep pace with high inflation? Maybe not, but you can still fight back.
Regardless of your age, you may wonder if Social Security will survive as long as you do. Recent reports indicate Social Security trust funds might be barreling toward insolvency by 2033. But there’s a more immediate threat: While U.S. inflation remains high, Social Security’s annual cost-of-living adjustment (COLA) may not keep pace with rising prices.…
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We want to retire in about 5 years but have $150,000 in credit card debt and loans and $1.4 million locked in retirement accounts — ‘we want to be really retired’
I’m trying to get some outside guidance on being able to retire in the next 5 to 7 years. I might have to work until I am 59 1/2 to be able to start using retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stocks, a rental house that we…
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How First Republic stock’s tailspin started and why it hasn’t stopped
Shortly after Silicon Valley Bank disclosed on March 8 that it was running short of cash and needed to raise capital, First Republic Bank’s epic stock slide began. The stock FRC, -1.36% has lost 90% of its value in less than two weeks, hitting an all-time low of $12.18 a share on Monday. Supportive comments…
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Bank insider action tells us the battered financial sector is a buy: These 4 regional bank stocks are tempting those in the know.
Banking company insiders are sending stock investors a message now: Calm down and buy shares of regional banks, because they are not likely to lose all their business to “safer” megabanks. We know this because community bank insiders are aggressively buying their companies’ shares in the banking sector’s sell-off following the collapse of Credit Suisse…
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Manchester United: Sheikh Jassim, Thomas Zilliacus, submit improved takeover bids
As the Manchester United takeover race intensifies, Qatar’s Sheikh Jassim Bin Hamad Al Thani and Finnish entrepreneur Thomas Zilliacus have submitted improved bids for the historic club. Sheikh Jassim has made an improved offer on his first bid, MarketWatch understands. Specific financial details have not been revealed, although the bid includes the removal of all debt from…
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Small U.S. banks lose 1.9% of their deposits after SVB failure
The numbers: Deposits at small U.S. banks fell by a steep $108 billion, or almost 2%, in the week after the collapse of Silicon Valley Bank, the Federal Reserve reported. Business loans at both large and small banks rose in the week ended March 15, however. Wall Street is watching the Fed report closely to…
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The most hated stocks are crushing Wall Street in 2023 — so far
With banking stocks in free fall, guess who picked them as one of their top investment picks for 2023? The people running the world’s biggest pension funds and endowments, that’s who. Oops. But if you’ve followed Wall Street long enough, you knew that already. Every month BofA Securities surveys top money managers around the world…
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More Americans are using ‘buy now, pay later’ services to pay for groceries. Here’s why that’s a worrying sign.
The concept of “buy now, pay later” has exploded in popularity in recent years. Americans have been using this form of lending — in which the cost of a purchase is typically divided into four payments over several weeks or months — to buy everything from clothes to Peloton bikes. But now there is a…
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Biden’s first veto holds. Ruling impacts your 401(k) and the U.S.’s climate-change fight.
President Joe Biden vetoed an attempt to limit how much retirement-fund managers, including for 401(k)s and pensions, consider climate change, corporate board diversity and other factors when picking the stocks and funds that many workers will rely on for retirement savings. Republicans on Thursday failed to mount the necessary two-thirds votes needed in the House…
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Fed’s Bullard wants to press ahead with higher interest rates, thinks financial stress will abate
The financial stress from the collapse of Silicon Valley Bank will abate and the Federal Reserve will need to push interest rates higher than previously expected given prospects for stronger economic growth and stickier inflation, St. Louis Fed President James Bullard said, on Friday. In a speech and comments to reporters, Bullard said he raised…