Personal Finance
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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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For a better retirement, learn to embrace new habits
Who are you when you leave your work identity behind? How do you create a new self in retirement? Even if you are counting the days until you can walk away from a job you dislike, when you do depart you will face a transition that often presents challenges. Once out the door, you may…
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Deutsche Bank shares slump in latest sign of bank worries
Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s shares DBK, -9.92% fell 10% in Frankfurt trade, and the Euro Stoxx bank index SX7E, -4.22% fell 5%. Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported…
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U.S stocks end modestly higher in choppy trade as investors reassess bank stability, Fed rate path
U.S. stocks finished higher in volatile trading on Thursday, clawing back some of the Wednesday’s selloff as investors attempted to shake off concerns about banking-sector stability and the impact of an expected credit crunch. The Dow fell 530 points on Wednesday as Treasury Secretary Janet Yellen’s remark that her department hadn’t discussed blanket protections for…
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2-year Treasury yield plunges to lowest level of year amid focus on banking fallout
Most yields on U.S. government debt plunged on Thursday as investors and analysts focused on the potential for wider fallout emanating from the banking sector. What happened The yield on the 2-year Treasury TMUBMUSD02Y, 3.783% fell 16.9 basis points to 3.808% from 3.977% on Wednesday. Thursday’s level is the lowest since Sept. 14, based on…
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‘We were in an extremely fragile state.’ Swiss National Bank President says Credit Suisse takeover averted a bigger financial crisis.
““We were in an extremely fragile environment where we had this banking crisis in the United States and enormous nervousness of financial markets in general.” ” — Thomas Jordan That was Swiss National Bank chair Thomas Jordan, defending the decision by the country’s authorities to push for a takeover of Credit Suisse AG CS, -4.71%…
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Citi CEO Jane Fraser sees no banking crisis afoot
Citigroup Inc. Chief Executive Officer Jane Fraser said the U.S. banking system remains in solid shape despite the demise of Silicon Valley Bank and Signature Bank of New York in the past two weeks and a subsequent swoon in bank stocks. “This is not a credit crisis,” Fraser said at the Economic Club of Washington,…
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U.S. new home sales rise for third straight month by 1.1% in February
This version corrects how many months in a row new home sales have risen. The numbers: A dip in mortgage rates propelled U.S. home buyers to purchase new homes, boosting sales. The strength in new home sales is due to the low number of options buyers have with previously owned homes. New home sales rose…
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A shocking number of veterans are getting scammed out of their assets—here are some of the common frauds
As aging World War II veteran Johnnie Ray Toland started showing signs of Alzheimer’s, his family began searching for an assisted living home to care for him. Staff members at one home introduced the family to Tammi Palasini. Palasini, who would later be sentenced to 20 years behind bars for various crimes, including fraud, convinced the Toland…
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The 2023 Porsche Taycan: an electrifying drive in more ways than one
The 2023 Porsche Taycan luxury car is an electrifying drive in more ways than one. Pricing starts at $86,700. Available as a sedan or wagon-like Sport Turismo/Cross Turismo versions, the 2023 Taycan blends Porsche POAHY, +0.72% prestige and dynamics with all-electric, zero-emissions drivetrains. It’s the company’s first all-electric car, having made its debut for the…