Stocks (^DJI, ^GSPC, ^IXIC) are down after political turmoil in Italy. The utilities (XLU) sector is most in the green, and the financial (XLF) sector is most in the red. Yahoo Finance’s Jared Blikre joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith is joined by Rick Newman, Dion Rabouin and Myles Udland.
My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year (I was born in 1954). When I collect $4,000+ per month does her monthly payment go up to spousal benefit automatically or does it have […] The post When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
A bigger COLA may sound great, but it has some big drawbacks for retirees too.
Real estate mogul Grant Cardone took aim at the Biden administration's proposed 25% tax on unrealized gains on taxpayers with wealth greater than $100 million, asking his followers on X to imagine the value of their homes or stocks increasing $400,000. "YOU would owe $25,000 without selling," Cardone posted. "Another attempt to destroy middle-class America." The Budget of the United States Government for fiscal 2025 proposes a new minimum tax on income and unrealized capital gains — for the smal
Tesla has adjusted its model lineup in a bid to boost sales of its most popular vehicle. The new version is more attractive than the old—and looks like a good deal—while tax credits continue to skew value in the U.S. electric-vehicle market. Over the weekend, Tesla added a long-range rear-wheel drive Model Y to its website that gets about 320 miles of range per charge.
One of Buffett's favorite stocks of all time topped his list of buys in 2023.
Unfortunately, it's a sum that indicates that many 50-somethings' savings need work.
The last inflation report, which came in worse than expected, had investors worried about the Federal Reserve’s plans for interest rates this year. The central bank held rates steady in its most recent decision, cooling fears that a hike is in the offing. When combined with moderate gains in the Q1 earnings reports, it makes sense that we saw stocks rebounding as confidence in the market was restored. However, according to JPMorgan’s chief market strategist Marko Kolanovic, we’re not out of the
M2 money supply hasn't done this in nine decades.
Social Security benefits are on track to get a smaller cost-of-living adjustment (COLA) next year, and the pay raise may not be enough to offset inflation.