“I saved my pennies and invested wisely”
Fortune is looking to interview retirees about life after leaving the workforce. If you’re interested in sharing your story, email Senior Writer Alicia Adamczyk at alicia.adamczyk@fortune.com. Since…
What do you know this week
The last full week of August will bring two major events for investors – Nvidia (NVDA) earnings and the Federal Reserve’s annual conference call in Jackson Hole….
Goldman Sachs suggests buying these two stocks now for growth
Conventional wisdom suggests that an American recession is imminent, either during the second half of this year or the first half of the following year. But how…
We’re in our mid 50’s and have $2 million in our 401(k)s. Should we focus on Roth’s contributions?
Ask a Consultant: We’re in our mid-50’s and have $2 million in our 401(k). Should we focus on Roth’s contributions? We are a dual income couple in…
Warren Buffett’s favorite homemaker: Dr. Horton
Warren Buffett’s Berkshire Hathaway now owns approximately $5.7 million Shares of the largest housing construction company In the US, Dr. Horton, despite rising mortgage rates and other…
A weaker yuan has turned Hong Kong into a haven as mainland China’s rally sends banks, insurance policies and the US dollar soaring.
The Chinese yuan has weakened this year to near its lowest level since October, and many mainlanders are rushing to Hong Kong for safety in soaring yields….
The famous Italian dealmaker and CEO of Piaggio Colaninno passes away
Written by Crispan Palmer ROME (Reuters) – Entrepreneur Roberto Colagno, chairman and CEO of scooter maker Piaggio and one of Italy’s best-known dealmakers, has died, investment firm…
The CEO’s big break came when she left her consulting business without a plan — she says losing $100,000 is “too cheap” to pursue your dreams
Mette Lykke’s CEO’s first step to wild success didn’t involve anything as thoughtful as a business plan or a problem she wanted to solve. It was more…
My retirement savings have been wiped out. How can I recoup recent investment losses that I had “late in the game?”
Ask a Consultant: I’m 81, have a $118,000 mortgage, and a $110,000 IRA. Should I withdraw from my investment to make mortgage payments? My retirement savings have…
The boom in frontier cities is reorganizing the freight market
Photo: Jim Allen – FreightWaves week chart: Outgoing Bid Market Share – Laredo, Phoenix, McAllen, Ontario sonar: OTMS.LRD, OTMS.PHX, OTMS.MFE, OTMS.ONT Truckload demand outside the Texas frontier…
Tough week for REITs amid more cuts and Fed talks
One of the most difficult parts of investing is deciding what to do when the companies you own are doing well but stock prices reflect a different…
Elusive home purchase. These 7% mortgage rates why.
font size The lack of supply of homes for sale is a contributing factor to the low morale of buyers. Joe Riedel/Getty Images Anyone looking to venture…
Consumers have spent all of their excess savings from the pandemic. JPMorgan says this is just one reason why stocks are poised to drop
Cavan Images / Getty Images According to JPMorgan, American consumers have spent all of their excess savings from the pandemic. The bank highlighted consumer weakness as one…
Over twenty options to earn 5.50% or more
We may have lost a passing national leader earlier this week, but your list of opportunities to earn an elite CD rate is still going strong. A…
Old Dominion is bidding $1.5 billion on the Yellow stations
Old Dominion beats Estes’ offering of Yellow stations. (Photo: Jim Allen/Free Waves) Old Dominion Freight Line, which has less than a truckload, has entered into a $1.5…
The Chinese economy is faltering. Here’s how its problems can spill over into global markets.
China’s economy is faltering, and experts warn its problems could affect global growth and business.Lintao Zhang/Getty Staff The Chinese economy is facing headwinds ranging from property market…
Warren Buffett, Michael Berry and other big investors revealed interesting portfolio changes this week. Here are 4 major trades.
Warren Buffett.Kevin LaMarque/Reuters Warren Buffett, Michael Berry, and others made amazing changes to their portfolios last quarter. Buffett’s Berkshire Hathaway invested in homebuilders, while Perry established short-term…
Maker of $400 golf putter set to end week at under $4 IPO price after first filing
(Bloomberg) — Sacks Parente Golf ended its first week of trading lower, just days after it made its best initial public offering (IPO) debut on a U.S….
Bank of America says $1 trillion in high-yield debt accumulated in the past five years is about to have a ‘day of reckoning’
Photo by DON EMMERT/AFP/Getty Images Bank of America has warned that about $1 trillion in private debt is heading into potential trouble. Most of this debt was…
Should you buy bonds now? How to protect yourself.
font size The 10-year Treasury yield hit a 15-year high this week. El Drago/Bloomberg The Fed’s most aggressive rate hike campaign in decades crushed the bond market…
More Americans are now 401(k) millionaires
More people could retire as millionaires. The number of people with $1 million or more saved in their 401(k) accounts jumped 10% from April to the end…
Help me understand math. How does donating to charity reduce my taxes?
Ask an advisor: help me understand math. How does donating to charity reduce my taxes? If you give $50,000 in cash to charity, does that reduce your…
Is it really enough to be considered middle class in these American cities?
Single family homes with skyscrapers in the background. The middle class has long been considered the backbone of the American economy. But the American middle class is…
Is your retirement income above average in America?
Smart Established: What is the average retirement income? I wonder how your retirement savings Stack up other Americans’ nest eggs? Or will your income in your post-work…