Financial related news.
Workers across all income levels are borrowing money from their retirement plans, according to data compiled by JPMorgan Asset Management. The trend represents a big problem, Nasdaq contributor Maurie Backman from Motley Fool wrote in a recent piece on retirement planning. “Borrowing against a retirement plan is risky, and if you're not careful, you could [...]
NEW YORK — Break out the Spice Girls CDs. That was one of the best years in decades for funds. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. Someone who came into 2019 with their money split between [...]
Amid reports this week that a record number of Americans use credit cards and carry more than a combined $1 trillion in debt, a strategy to tackle these financial obligations is almost essential to any wealth management plan. Online personal finance company NerdWallet has offered several common tactics to take care of looming debt. The [...]
NEW YORK — The children are playing with their gifts, the new TV is up on the wall, and that puppy has a brand-new cashmere-lined bed, when another gift arrives in the mail. This one isn't from Santa. It's your statement from your friendly credit card company. They want to know how you're gonna pay [...]
With an increasing number of wealthy women there’s a need for more women to manage it, according to several financial publications. Women control about $14 trillion in the United States, the equivalent of the combined gross domestic product of China and India, Fortune magazine reported in April. Firms need to listen to what women want [...]
NEW YORK — After a year of nirvana, investors may need to get ready for something a little more normal. Markets are coming off a fabulous 2019, where stocks and bonds around the world climbed in concert. But for the next year — and decade, in fact — Wall Street is telling investors to set [...]
A year is built one day at a time. It's the busy Tuesdays when you never have a moment and the lazy Sundays when you can finally relax. Focusing on small, cumulative actions can take you far, whether you want to train for a marathon, clean out your garage or start a hobby. This is [...]
NEW YORK — On Jan. 3, the S&P 500 sank 2.5 percent when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14 percent drubbing in last year's fourth quarter. On Jan. 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate [...]
NEW YORK — On Jan. 3, the S&P 500 sank 2.5 percent when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14 percent drubbing in last year's fourth quarter. On Jan. 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate [...]
SANTA FE, N.M. (AP) — State government income is expected to outpace spending obligations by nearly $800 million for the coming fiscal year as New Mexico lawmakers contemplate bigger budgets for public schools, health care and anti-crime initiatives. Economists from three state agencies and the Legislature's budget office delivered a twice-annual forecast of state revenues [...]