It works out to $93K per person.
Oil prices have been all over the place this year. WTI, the primary U.S. oil price benchmark, started 2022 at around $75 a barrel before rocketing over $120 a barrel following Russia's invasion of Ukraine. The move could keep a floor under crude prices and potentially push them higher depending on demand and other supplies.
The volatile market has investors playing it safe.
Rates on high-yield savings accounts are the highest they’ve been in years —see the best savings account rates you may get now here — and that’s bringing a key question back into focus: How much should I be saving? For Shark Tank star and investment mogul Kevin O’Leary the answer is this: 3 months worth of salary in case of emergency. For her part, Suze Orman recommends 12 months of expenses (not salary) in an emergency fund right now — a number she increased from eight months of expenses as a result of the pandemic.
I'm over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as 401(k)s and traditional individual retirement accounts (IRAs), are potentially great … Continue reading → The post Ask an Advisor: I'm Over Age 72. How Do I Avoid the RMD Tax Bite? appeared first on SmartAsset Blog.
Markets appear to be ignoring the Fed with traders seeing a pause in hikes early next year and rate cuts beginning in the second half of 2023.
(Bloomberg) -- The latest bout of global financial volatility has heightened concerns about regulators’ continuing failure to resolve liquidity problems with US Treasuries -- the debt that serves as a benchmark for the world.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Musk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialSecretive Chip Startup May Help Huawei Circumvent US SanctionsMar-a-Lago Documents Included Pardons, Emails, Le
OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decision “shortsighted” and accusing the oil cartel of “aligning with Russia.”
Two of the most prominent mortgage real estate investment trusts (REITs), Annaly Capital Management (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), were down sharply during trading on Wednesday. Annaly Capital was down as much as 9% on the day at around noon ET, while AGNC fell as far as 9.7% on the day at around the same time. As both Annaly Capital and AGNC Investment are mortgage REITs, they were each negatively affected by the latest news from the housing industry.
DEEP DIVE When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds.
Chip stocks have had a brutal ride in 2022. The tables have turned on a sector particularly sensitive to cycles; after seeing outsized growth during the pandemic, and despite the global chip shortage, waning demand has seen many in the segment hit hard. Factor in some lofty valuations, a slowing economy and fears of a full-blown recession and the result is the SOX (the main Semiconductor index) is down by 38% year-to-date. That said, there are many good companies operating in the space whose sha
Shares of electric vehicle (EV) stocks Nio (NYSE: NIO), Lucid Group (NASDAQ: LCID), and Lordstown Motors (NASDAQ: RIDE) fell on Wednesday, down 5.1%, 3.6%, and 4.9%, respectively, as of 2:17 p.m. EDT. After a huge amount of selling in September, stocks were beaten down, but the first two days in October saw some potentially good news on inflation. With traders trying to sniff out the first signs of inflation breaking, that was a good sign.
Yahoo Finance Live looks at AMD's stock amid cuts to full-year revenue estimates from Wells Fargo.
(Bloomberg) -- Cathie Wood’s latest dip-buying binge appears to be largely focused on smaller stocks, cementing her firm’s already hefty shareholdings in such companies.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Musk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialSecretive Chip Startup May Help Huawei Circumvent US SanctionsMar-a-Lago Documents Included Pardons, Emails, Legal BillsStocks Take Breather After Furious Rally From L
OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine.
Zacks.com users have recently been watching Pinterest (PINS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. These accounts are so powerful, in fact, that many grandparents choose to open them for their grandchildren. In the past, there … Continue reading → The post How the 529 Grandparent Loophole Works appeared first on SmartAsset Blog.
The Elon Musk-Twitter (TWTR) saga took a turn towards resolution yesterday with news Musk would honor his deal to purchase Twitter for $44 billion. The drama for Tesla (TSLA) shareholders, however, will likely linger.
Question: My partner and I have engaged the services of a financial planner. Is this a standard part of setting up a financial plan? What personal information do planners typically ask for, and could this be an indication they’re scamming us?
Costco and Ford are among the top trending stocks in after hours trading on Wednesday, October 5, 2022.