The chief executive of a Utah-based digital marketing and technology company praised a worker who gave up his dog and offered workers bonuses to quit if they didn’t like his return-to-office policy. In a virtual all-hands meeting at Utah-based Clearlink last week, CEO James Clarke said he was asking staff…
I retired at 55 with $2 million in my 401(k), should I buy an annuity with the $200,000 in my taxable brokerage or use it to fund a Roth conversion?
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 to me at [email protected]. Dear Fix My Portfolio, I am fortunate to have retired at 55. I’m using…
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…
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Pro-Russian hackers stage attack against Europe’s air-traffic control agency
Eurocontrol, the website for Europe’s air-traffic control agency, said it has been under attack from Russian hackers since April 19. “The attack is causing interruptions to the website and web availability. There has been no impact on European aviation,” the agency said in a notice on its website. Air traffic in…
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%,…
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…
Nokia shares weaken as profit misses estimate and company warns on customer spending delay
Nokia shares fell as much as 4% on Thursday as the telecom equipment maker reported worse-than-forecast profit, guided its sales outlook lower, and said customers are beginning to delay spending. Nokia NOKIA, -8.66% NOK, -9.09% said its first-quarter profit fell 32% to €289 million ($317 million) while sales rose 10%…
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…
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