U.S. Markets open in 5 hrs 34 mins

  • S&P Futures

    4,299.50
    -8.25 (-0.19%)
     

  • Dow Futures

    34,080.00
    -38.00 (-0.11%)
     

  • Nasdaq Futures

    13,610.50
    -47.75 (-0.35%)
     

  • Russell 2000 Futures

    2,020.80
    -2.50 (-0.12%)
     

  • Crude Oil

    86.80
    +0.27 (+0.31%)
     

  • Gold

    1,788.30
    -1.40 (-0.08%)
     

  • Silver

    20.00
    -0.09 (-0.45%)
     

  • EUR/USD

    1.0164
    -0.0007 (-0.0711%)
     

  • 10-Yr Bond

    2.8240
    0.0000 (0.00%)
     

  • Vix

    19.78
    -0.17 (-0.85%)
     

  • GBP/USD

    1.2096
    +0.0001 (+0.0121%)
     

  • USD/JPY

    134.8070
    +0.5920 (+0.4411%)
     

  • BTC-USD

    23,861.88
    -141.74 (-0.59%)
     

  • CMC Crypto 200

    569.54
    -2.37 (-0.42%)
     

  • FTSE 100

    7,535.59
    -0.47 (-0.01%)
     

  • Nikkei 225

    29,222.77
    +353.86 (+1.23%)
     

America’s Cash Hoard Could Cushion a Downturn

Justin Lahart
·3 min read
America’s Cash Hoard Could Cushion a Downturn

For all the ominous signs on where the economy is heading, many Americans have something that they usually lack heading into a recession: A lot of cash.

Continue reading

Recommended Stories

  • Mr. Big Short Michael Burry Makes a Shocking Decision

    The investor, who successfully bet against the U.S. mortgage market before the 2008 financial crisis, has just made a huge gamble.

  • 2 ‘Strong Buy’ Stocks Goldman Sachs Predicts Will Surge Over 40%

    The stock market is finding support right now from two directions, a perception that the Fed is turning slightly dovish and will be a little less aggressive on its rate hikes going forward, and the Q2 earnings, which are coming in better than analysts had feared. The S&P 500 might still be down 10% for the year, but the index has gained 17% since its mid-June low, and with the macro environment appearing friendlier, investors will be hoping the change of sentiment won’t be a temporary one. Again

  • Afraid you missed the stock-market bottom? History says curb your FOMO.

    Signs of FOMO are evident in the summer stock-market rally. A strategist takes a look at what happened to investors who 'missed' the bottom in previous bear markets.

  • Billionaire Ray Dalio Loads Up on These 3 “Strong Buy” Stocks

    In the last month, both the S&P and the NASDAQ climbed back out of bear territory, and are registering 10% and 13% gains respectively. It’s enough to make investors' heads spin. Let's not forget, the markets presented investors with a bearish challenge in 1H22, with 6 straight months of losses. Headwinds, in the form of supply chain problems, Russia’s invasion of Ukraine, inflation at generational high levels, rising interest rates, all combined to give investors the shivers. For the retail inve

  • ZIM Q2 Preview: Can Shares Remain Hot?

    Year-to-date, ZIM shares have been notably strong, increasing by a double-digit 11% in value and extensively outperforming the S&P 500.

  • Seeking at Least 11% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

    Markets fell into bear territory through the first half of the year – but we saw a summer rebound in July that has stabilized this month. Both the S&P 500 and the NASDAQ indexes have climbed back out of their bear markets, and investor sentiment, at least for now, is positive. However, at least some of the market experts are taking a much more guarded view of current conditions. Looking into the history of market downturns, Bank of America strategists see indicators that we haven’t hit bottom ye

  • Indian Billionaire’s Stock Holdings Worth Nearly $4 Billion in Focus After Death

    (Bloomberg) -- The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely followed.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search, Citing ProbeSingapore’s Next Pr

  • Top after-hours movers: Apple, Cassava Sciences, Canoo, Digital World Acquisition Corp.

    Top trending after-hours tickers on Yahoo Finance.

  • 3M Faces $100 Billion in Losses From Veterans' Earplug Suits, Expert Says

    (Bloomberg) -- 3M Co. faces more than $100 billion in losses and bankruptcy because of lawsuits brought by veterans who blame their hearing problems on faulty earplugs, according to a litigation consultant hired by lawyers suing the industrial conglomerate.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat Hot SpotsAmerica’s $7 Trillion Retirement

  • If you really want to be rich, you need to do this, says Mark Cuban

    Recently, we came across a simple piece of money advice from billionaire entrepreneur Mark Cuban on his Maverick blog that we felt resonated in today’s money-stressed world. Indeed plenty of pros agree with him that saving money can make you, if not rich, then at least richer (and the good news is this: savings accounts are now paying far more than they did a year ago, and you can find the best rates you can get here). “The first step is you have to want to make changes,” says certified financial planner Spencer Betts of Bickling Financial Services.

  • China’s biggest Wall Street bull just liquidated his Alibaba stake amid fire sale of five Chinese stocks

    Ray Dalio, founder of the world’s largest hedge fund, sold off his positions in the e-tailing giant, its rival JD.com, and China’s main ride-hailing firm, Didi.

  • Follow Warren Buffett’s Lead. Park Your Cash in This Ultra-Safe Investment.

    Investors can buy the short-term Treasury bills, now yielding as much as 3%, from the government and brokers or through funds.

  • Elon Musk Tweets He’s Buying Manchester United, Then Calls It a Joke

    Elon Musk said on Twitter he was buying English soccer team Manchester United only to say hours later it was a joke, the latest example of the Tesla CEO’s using the platform to drop confusing statements about his intentions.

  • IRS's RMD Rule Change Could Make Your Roth IRA More Valuable

    The Internal Revenue Service has proposed rule changes that could significantly impact how beneficiaries will manage inherited retirement accounts. The proposed regulations, which were published last month, caught some in the financial services industry by surprise, as they offer a … Continue reading → The post The IRS May Make Your Roth IRA More Valuable With This RMD Rule Change appeared first on SmartAsset Blog.

  • Coinbase Stock: Here’s Why Cathie Wood Dumped It

    Shares of popular crypto-exchange platform Coinbase (COIN) have been under an absurd amount of selling pressure over the past year, tanking 75% from peak to trough. The negative momentum has been unforgiving to even the boldest of investors. Innovation investor Cathie Wood recently announced that she had thrown in the towel over the reported SEC probe. Undoubtedly, the SEC securities warning is more salt poured into the wounds of Coinbase's already ailing shareholders. With Cathie Wood likely se

  • WallStreetBets founder explains how his subreddit ‘speaks a language’ that makes finance accessible

    WallStreetBets Founder Jaime Rogozinski joins Yahoo Finance Live to talk about meme stocks, his hugely popular subreddit and why it's been so successful with retail investors.

  • Dow Jones Futures: S&P 500 Pauses At Resistance; Elon Musk Scores Own LOL With Manchester United Tweets

    The S&P 500 came within 1 point of its 200-day line. Tesla CEO Elon Musk joked on Twitter that he'll buy Manchester United.

  • ‘The Mother of All Shorts’ Is Also an Extremely Risky Trade

    (Bloomberg) -- By any conventional measure, AMTD Digital Inc. is one of the world’s most overvalued stocks.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat Hot SpotsBill Gates and the Secret Push to Save Biden’s Climate BillThe barely profitable Hong Kong financial services firm trades

  • Singapore’s Sea Tumbles 14% After Wider Than Expected Loss

    (Bloomberg) -- Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic outlook.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat Hot SpotsBill Gates and the Secret Pu

  • Target set to report earnings ahead of Wednesday's opening

    Yahoo Finance Live anchor Dave Briggs looks at Target's stock ahead of its earnings report due out tomorrow.