Dear Quentin, My wife and I are fighting over money — actually, a wedding, to be exact. She wants us and our daughter to fly across the country to attend her cousin’s destination wedding. I can take time off work, but I do not want to spend $5,000 on this…
The pandemic home-buying frenzy came to a screeching halt when the U.S. Federal Reserve raised interest rates last June. Rates have since doubled, remaining firmly above 6%. After home sales plunged, the housing sector has recovered somewhat, but it is now facing a shortage of homes for sale, leading the…
Got a question about the mechanics of investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write me at [email protected]. I think I have an uncommon problem. I’m a 65-year-old recently retired education administrator. I think…
Once you earn money, it’s normal to want to spend it. There’s nothing wrong with that, unless it sits in a tax-advantaged account. Most employees who participate in a 401(k) or another defined contribution plan want to build a nest egg. They allocate a portion of every paycheck to it…
Regional bank stocks on Friday recovered all or most of their bruising losses from the previous session, as analysts from Hovde Group and JPMorgan Chase & Co. provided support for the sector that’s been quickly losing ground in recent weeks. PacWest Bancorp PACW led the snap-back in regional banks with…
In a new set of photos of basketball star LeBron James in Los Angeles, he’s seen wearing red and black Nike sneakers. While it may appear like a regular pair of shoes, the process of obtaining them isn’t as straightforward as buying them with cash or a credit card at…
This story has been updated to reflect the late scratches of four horses originally set to run in the Kentucky Derby. The Derby is the toughest challenge horse-racing handicappers face. It involves picking among 19 3-year-old horses running 1 ¼ miles for the first time in their lives – the…
A cannabis business operating in Michigan said it would hire laid-off Burger King employees to roll marijuana joints for $16 an hour, although the job picture remains mixed in the cannabis sector depending on the state. As Shryne Group Inc.’s Stiiizy cannabis business expands in Michigan, the company has offered…
U.S. stocks closed sharply higher Friday, with all three major benchmarks snapping four straight days of losses, after strong jobs data for April, Apple Inc.’s better-than-forecast earnings report and a rebound in shares of regional banks.How stocks traded For the week, the Dow fell 1.2%, the S&P 500 declined 0.8%…
The numbers: Deposits at commercial U.S. banks declined in the week ending April 26, according to a report from the Federal Reserve on Friday. Deposits fell to $17.17 trillion from $17.18 trillion in the prior week, the Fed said. At the same time, lending at commercial banks rose to $12.14…