Tetra Images – Erik Isakson | Brand X Pictures | Getty Images Investment funds that promote values like the environment and social good have become more popular. But trying to pick a so-called ESG fund — especially one that aligns well with your interests — may seem about as easy as drying a towel in
Month: June 2022
Traders on the floor of the NYSE, June 3, 2022. Source: NYSE Stock futures were little changed in overnight trading Sunday after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation. Futures on the Dow Jones Industrial Average gained 30 points. S&P 500
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022. Andrew Kelly | Reuters Small business owners are among the Americans most likely to fall behind on saving for retirement. Investing back into a business is more often a priority for entrepreneurs with
Peter Cade | Getty Images After a rough period for municipal bonds, also known as muni bonds, investors may be returning. But there’s a hidden tax retirees need to consider before piling in. While weekly inflows for U.S. muni bond funds have been negative for most of 2022, outflows dropped significantly last week, according to
Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings plan balances. The average 529 account size was $30,287 in 2021, according to the College Savings Plans Network, but families may now have lower balances, financial
Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed. “Right now, it’s
In this article ABT Shelves normally meant for baby formula sit nearly empty at a store in downtown Washington, DC, on May 22, 2022. Samuel Corum | AFP | Getty Images Abbott Nutrition on Saturday resumed baby formula production at its Sturgis, Michigan, plant, a move toward addressing a nationwide shortage. The company has been
Itza Villavicencio Urbieta | Istock | Getty Images As retirement legislation continues to evolve in Congress, some lawmakers are hoping to address what they view as a persistent problem: lack of access to a workplace plan among low- and middle-income workers. A bipartisan, bicameral group of lawmakers has started work on a bill to tackle
moodboard | Image Source | Getty Images Women face a unique set of challenges when it comes to retirement planning. Unfortunately, research shows female workers are coming up short compared to their male counterparts. The good news is there is room for women workers to take steps now to improve their prospects for a better-quality
Before billionaire investor Ray Dalio built the world’s largest hedge fund, he went broke. On a recent episode of actor Dax Shepard’s “Armchair Expert” podcast, Dalio said he nearly tanked hedge fund Bridgewater Associates less than 10 years into running it: After incorrectly predicting that the world market would crash in 1982, Dalio lost investors,
In this article GME HPE MDB MSFT Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft — Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft
In this article SBUX A protester waves a sign that read "unionize" near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images The union backing organizing efforts at Starbucks is
lisegagne | E+ | Getty Images Without the child tax credit, Stormy Johnson has been skipping her own meals so her kids can eat. Johnson, 45, works as a student support specialist in Preston County Schools in Kingwood, West Virginia. Before the monthly enhanced child tax credit payments lapsed in December, she received an additional
When Sheryl Sandberg joined Facebook in 2008, she knew she was committing to more than your typical 9-to-5 job. But the departing Meta COO says she didn’t realize the “24/7” job would last 14 years. CNBC’s Julia Boorstin recently caught up with Sandberg, who said she initially only expected to stay at Facebook for five
In this article TSLA CRWD RH LULU TPTX KSS Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $76 per share in cash, or $4.1 billion. Turning Point specializes
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, during a CEO Innovation Summit, on December 6, 2018 in Washington, DC. Mark Wilson | Getty Images FAYETTEVILLE, Ark. — Thousands of Walmart employees gathered at a huge
Sdi Productions | E+ | Getty Images There’s a chance your health insurance company owes you some cash. Depending on how you get your coverage, you may be one of the 8.2 million policyholders expected to get a piece of $1 billion in premium rebates this fall from various insurers, according to a preliminary analysis
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Three House Democrats are still pushing for relief on the $10,000 limit on the federal deduction for state and local taxes, known as
Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation has peaked and thus is on board with a series of aggressive interest rate increases ahead. “I think the Fed has shown that we’re in the process of recalibrating our policy to get inflation back down to our 2%
In this article KSS The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images The drawn-out bidding process for Kohl’s doesn’t appear to be coming to an end any time soon. It could take several weeks, if not longer, for
Cheerful female entrepreneur watching movie on laptop. Beautiful young woman is spending leisure time at home. She is sitting with legs crossed on sofa. Morsa Images | Digitalvision | Getty Images As high inflation persists, many Americans are seeing their hard-earned incomes covering fewer of the essentials. For some, a side hustle may make a
Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement released with the agency’s annual Data Book, covering activities for the 2021 fiscal year. While plummeting audits have drawn scrutiny from Congress, percentages have doubled for filers making over $100,000 to more than
People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Check out the companies making headlines in extended trading. Lululemon Athletica — Shares of the athleisure
In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft shares slid more than 3% on Thursday after the company lowered its fiscal fourth-quarter guidance, citing unfavorable foreign
In this article ULCC SAVE A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines‘ parent company on Thursday said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don’t
Professionalstudioimages | Istock | Getty Images The clock is ticking for Congress when it comes to shoring up the Social Security trust funds, according to an annual report released on Thursday by the program’s trustees. Both Social Security and Medicare face long-term financing shortfalls, due to the fact that those programs will grow faster than
JGI/Jamie Grill The Covid-19 pandemic really highlighted how financially troubled our society is. Debt levels are extremely high, bankruptcies are commonplace and many Americans are living paycheck to paycheck. Today’s adults are suffering and may be setting the next generation up for trouble, as well. Tackling the financial literacy crisis in America begins in the
Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over
In this article FB Sheryl Sandberg leaves Meta as one of the highest-profile and most successful women in tech — and after more than $1.7 billion in stock sales. Sandberg announced Wednesday that she is stepping down from her role as chief operating officer after 14 years at Meta, formerly known as Facebook. Sandberg will remain
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Stock futures rose Thursday evening as investors focus their attention on more jobs data due out Friday morning. Futures tied to the Dow Jones Industrial Average were up about 78 points. S&P 500 futures and Nasdaq 100 futures were both higher by 0.3%.