Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions,
Month: May 2022
In this article SOFI Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was scheduled for after market close
In this article UPST In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted about 55% premarket Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy.
Mike Blake | Reuters Gun homicides in the U.S. reached their highest level in more than 25 years during the Covid-19 pandemic, according to the Centers for Disease Control and Prevention. Homicides from guns rose 35% during the first year of the pandemic to the highest level since 1994, according to a CDC Morbidity and
Sam Edwards | Getty Images Those annoying required minimum withdrawals from retirement accounts that kick in at age 72 may come with a silver lining: helping you make your money last through your lifetime. Generally speaking, if you were to take only your yearly RMDs it would mean those accounts wouldn’t be depleted in your
The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Rancho Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hit the market on May 14, and in doing so become the most expensive home ever up for sale in the town of
Truck drivers, such as the one pictured here in Shanghai in late April, typically need to show valid negative virus tests in order to move goods between cities in China. The American Chamber of Commerce in China said members have reported varying implementation of Covid controls depending on city and province. Vcg | Visual China
A woman takes a photo of Andy Warhol’s ‘Shot Sage Blue Marilyn’ during Christie’s 20th and 21st Century Art press preview at Christie’s New York on April 29, 2022 in New York City. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) Angela Weiss | Afp | Getty Images Andy Warhol’s
Kevin Dodge | The Image Bank | Getty Images About 14,470 students may have been underpaid $59.5 million in Social Security benefits, according to estimates from the Social Security Office of the Inspector General in a recent audit. The organization, which provides independent oversight of the Social Security Administration’s programs and operations, conducted an investigation
fizkes | iStock | Getty Images For anyone getting started with adulthood, the financial stuff can be among the trickiest aspects to navigate. That can be the case even for those who go on to be financial advisors. For these professionals, some advice they regularly give clients now — after years of extra education and
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid | Reuters Goldman Sachs is scaling back its business in the once red-hot SPACs as blank-check deals got caught in a double whammy of regulatory crackdown and tough market environment. “We are reducing our involvement
In this article RUN Sunrun employee Gonzalo Najera carries a solar panel before installation at a home in Alamo, Calif., May 17, 2021. Scott Strazzante | San Francisco Chronicle | Hearst Newspapers | Getty Images Sunrun shares jumped 11% during extended trading Wednesday after the company posted first-quarter earnings results, including a 39% increase in
In this article RIVN FSR NKLA LCID Rivian CEO RJ Scaringe inside the company’s customer experience center outside of its plant on Aptil 11, 2022 in Normal, Ill. Michael Wayland / CNBC Electric-vehicle maker Rivian Automotive will report its first-quarter earnings after market close on Wednesday. Wall Street analysts polled by Refinitiv expect a loss
Nirat | Istock | Getty Images It’s no secret the Covid-19 pandemic has been tough on millions of moms. Trying to juggle work amid ongoing child care uncertainties has left many mothers frustrated into the third year of the pandemic. While tough choices between work and parenting were a shock for middle- and upper-income women,
In 2014, I walked away from my $35,000-per-year job in insurance sales to grow my e-commerce side hustle with my husband Chris. We had been experimenting with selling clothes and accessories on online marketplaces, including eBay and Facebook. Our online community of friends and customers quickly grew from a few hundred members to over 10,000
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading. Futures tied to the Dow Jones Industrial Average dropped 124 points, or 0.4%. S&P 500 futures shed 0.6%, while those for
Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with
In this article BTC.CM= Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted
Jeff Farschman, 72, is a serial cruiser from Delaware who spends months at sea in retirement. Jeff Farschman For nearly two decades, Jeff Farschman, 72, has spent his golden years like many other adventurous retirees — enjoying leisure cruises to exotic ports of call. But unlike many of his fellow cruise passengers, Farschman basically lives
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Anadolu Agency | Getty Images Fijian authorities seized a $300 million superyacht
In this article TWTR Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,”
In this article W Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled in premarket trading Thursday after the online furniture retailer reported larger-than-expected losses in the first quarter as shoppers scaled back their spending on the home category. Wayfair also announced its chief financial officer, Michael Fleisher, is set to retire early
In this article DIS Still from “Doctor Strange in the Multiverse of Madness.” Disney The summer blockbuster season has started with a bang. Disney’s latest Marvel Cinematic Universe flick “Doctor Strange in the Multiverse of Madness” snared $185 million domestically over its debut weekend, the highest haul of any movie released in 2022. “Nothing says
Hopkinsville Brewing Company co-owner Kate Russell, pictured to the right of co-worker Joey Medeiros, said the business has had to raise prices due to inflation. Mary Katherine Russell Small business owners have had a few rough years. First, the Covid-19 pandemic caused many to lose revenue. Now, they’re dealing with higher costs as inflation rises.
As the name implies, new book “Financial First Aid” offer strategies to help you deal with or avoid money mishaps. Standard financial advice revolves around doing what’s mathematically optimal for your money, and the book’s author, Alyssa Davies admits that much of that advice she offers doesn’t veer too far from tried-and-true formulas. But in
In this article SPCE LYV SG DBX ZG DASH A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Block — Shares rose more than 5% after hours despite Block missing
In this article SG A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses for its first quarter, but sales jumped 67% as workers returned to their offices and resumed their old lunchtime routines. Shares of the company rose more than 5% in extended trading. Here’s what the
In this article F RIVN Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to
Bymuratdeniz | E+ | Getty Images Workers continue to see pay increases at a fast clip, but there are signs of a slowdown ahead. Average earnings for all workers grew by 0.3% in April, to $31.85 an hour, the Labor Department said Friday. That’s a modest reduction from the 0.4% pace in March. It also
In this article WDC A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. Mike Blake | Reuters Company: Western Digital (WDC) Business: Western Digital is a leading developer, manufacturer, and provider of data storage devices and solutions and operates in two market-leading franchises: hard disk drives (“HDD”) and NAND flash
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