Markets
-
South Korean Exports Fall For Seventh Consecutive Month
By Kwanwoo Jun South Korea’s exports fell, on an on-year basis, for a seventh consecutive month in April on weak global demand, their longest losing streak in more than three years. Exports declined 14.2% from a year earlier to $49.62 billion, following a 13.6% drop in March, according to preliminary data released by the country’s…
-
FDIC said to be reviewing bids for First Republic, announcement expected by Monday morning
U.S. regulators asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders, CNBC reported Saturday. First Republic Bank FRC reportedly received bids from lenders including JPMorgan Chase & Co. JPM and PNC…
-
‘We grew up poor and financially ignorant’: My children are 14 and 16. Is it too late to save for their college education?
Dear Quentin, My husband, 51, and I, 48, are wracked with guilt over our lack of saving for our children’s college educations. Our kids are aged 14 and 16. We have never been extravagant spenders, always spending frugally (used car, eating in, careful budgeting, delaying buying a house). However,… Source
-
‘I married a person who was nothing short of evil’: He has threatened to take my house if we divorce. What can I do?
Dear Quentin, I’m going through a lot, and right now I’m at a crucial point where I need to make the right decision — because if I don’t, I will be financially destroyed. My problem is twofold. The first part: About three years ago, I married a person who was nothing short of evil. During…
-
My parents want to leave me and my spouse their house. How do I prevent ‘tension or resentment’ with my siblings?
Dear MarketWatch, My spouse and I are looking to buy a house. We are the only ones in our family who don’t own a house yet, and our parents have offered to “sell” us their house as they move away, as long as we work it out with our siblings. Our parents generously noted that…
-
Trans activist Dylan Mulvaney’s partnership with Maybelline yields a new round of boycott calls
The marketing controversies tied to Dylan Mulvaney continue. The actress, social-media personality and transgender activist, who celebrated her transition with a “365 days of being a girl” campaign, partnered with Bud Light on a promotion earlier this year. The end result was that the beer brand faced significant transphobic backlash, with the musician Kid Rock…
-
Wendy’s chili will soon be sold in stores. But can it measure up to the dine-in dish?
In my book, there are only a few things in the world of fast food with that special something. McDonald’s MCD fries. Dairy Queen’s Blizzards. Subway’s tuna salad. But perhaps above them all is that concoction known as Wendy’s chili — leftover hamburger meat in a soupy sauce that equates to something unlike any version…
-
Hard seltzer is a $9 billion category. Can this brand help it grow even bigger?
The can SunnyD Vodka Seltzer, $9.99 for a four-pack The back story Maybe the hard-seltzer boom hasn’t quite gone bust. While many have noted that the category has stumbled a bit since it achieved a cult status a few years ago — remember the “White Claw summer” of 2019? — the fact remains that alcoholic,…
-
4 steps to reduce economic anxiety
The last three years have been extremely difficult for Americans on a personal and financial level. As the pandemic finally gave way in 2022, Americans were squeezed by the worst inflation in more than 40 years as turbulent financial markets experienced one of their worst performances in history. They contended with the rising costs of…
-
7 financial commandments you can actually break — and one cardinal rule you should always follow
Financial Literacy Month puts a spotlight on the financial knowledge Americans are supposed to know and often don’t. But what about financial knowledge that we think we know, but should reconsider? When it comes to money, we pick up lessons from a mish-mash of sources ranging from parents to TikTok videos to high school classes.…