In this bear market 401(k)’s are looking less cheerful. I’m oddly comforted by the fact that a portfolio I started at 12 is outperforming my 401(k)
Author: Elisabeth Buchwald, USA TODAY
Morgan Stanley’s Mike Wilson predicts S&P 500 trough. What does that mean for the economy?
Mike Wilson of Morgan Stanley says the S&P trough will be around 3,400 if a recession is avoided. What does a trough mean for the economy and stocks?
Citibank CEO: ‘Little of the data I see tells me the US is on the cusp of a recession’
Is the U.S. in a recession right now? It’s hard to tell by looking at Americans’ bank accounts. JPM, Citi and Wells Fargo tout consumer strength on earnings calls
Bank of America lowers S&P 500 target as risk of recession increases with high inflation
JPM stock slid after the bank reported a sharp drop in earnings. The Dow and S&P 500 closed down on fears Fed doing a 100 basis point rate hike
June CPI inflation report: Largest price increases include gas, butter and flour
CPI breakdown: Some of the largest price increases in June were gas, butter and margarine. Overall inflation hit a new 40-year high of 9.1%
As more companies cover abortion travel in health insurance plans, are interstate travel bans next?
A growing list of companies are covering travel to get an abortion. But are bans on interstate travel coming after Supreme Court’s Roe v. Wade ruling?
Dow, S&P 500, Nasdaq recover losses to eke out gains, oil drops below $100 per barrel
The S&P 500, Dow and Nasdaq erase early losses to end slightly higher, but investors remain nervous a recession is on its way.
Is the stock market open on July 4?
The bond market closed early on July 1 ahead of July 4th weekend. Stocks had a rough second quarter driven by inflation and recession fears.
EY agrees to pay $100 million fine to settle SEC investigation into ethics exam cheating
EY agreed to pay $100 million to settle an SEC probe which found that some auditors cheated on the ethics section of their CPA exam
Inflation is causing more people to skimp on tips, hitting service workers hard
“I’m really pinching my pockets and I’m going, ‘crap, crap, crap – I haven’t paid my water bill in two months,” said a bartender whose tips are down.