“‘I believe interest rates are going to be higher for longer…I believe inflation is going to be stickier for longer. In other words I think we’re going to have a 4%-ish floor on inflation.’” — Larry Fink, BlackRock Inc. That’s BlackRock Inc. BLK, +3.07% Chairman and CEO Larry Fink arguing…
As I see it, unretirement—when you work part time in retirement after leaving a full-time job, as I’m doing—is a period of reinvention. That can be a little uncomfortable, even scary. In her new book, “Next! The Power of Reinvention in Life and Work,” Joanne Lipman has some useful ideas…
Most Americans don’t feel they can depend on Social Security for retirement income and worry about their long-term financial stability, according to a new study from Allianz Life Insurance Company of North America. Nearly three in four (74%) say they can’t count on Social Security benefits when planning retirement income.…
Warm climates and tax-free havens top the list for the fastest-growing population of retirees. Florida was still the top state for retirees overall, but among cities with the biggest growth in older population, Mesa, Ariz., took the lead. According to a new report from SmartAsset, which looked at U.S. Census…
[]Some commodities that are grown rather than mined, known as “softs” to traders, have rallied so far this year, with sugar prices this week trading at their highest price in 11 years and orange-juice futures touching their highest prices on record.[]“Most of the softs sector fall under the category of…
Shares of UnitedHealth Group Inc. slumped Friday, reversing an earlier gain, after the health insurer reported earnings that beat expectations and raised its full-year outlook but expressed concern over the “unintended consequences” of changes to Medicare Advantage rates. The stock UNH, -2.74% dropped 2.5% in afternoon trading to pull back…
Oil futures finished higher on Friday and logged a fourth straight weekly gain after the International Energy Agency warned that OPEC+ production cuts would leave the crude market with a larger and earlier deficit this year than previously expected. Worries about high inflation and its impact on energy demand have…
[]Heightened geopolitical tensions and cybersecurity concerns may be propelling exchange-traded funds that invest in stocks linked to those areas toward potential “breakouts,” according to Renaissance Macro Research. []Shares of the First Trust Nasdaq Cybersecurity ETF CIBR, -0.61% have jumped 9.5% this year through Thursday, while the iShares U.S. Aerospace &…
U.S. stocks closed lower Friday as investors digested strong big bank earnings, weak retail sales, and hawkish comments from a Federal Reserve official, but all three major benchmarks booked weekly gains. How did stocks trade? The Dow Jones Industrial Average DJIA, -0.42% shed 143.22 points, or 0.4%, to close at…
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