In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023. Celal Gunes | Anadolu Agency | Getty Images FedEx on Thursday hiked its full-year earnings forecast as it said cost-cutting measures offset continued demand weakness at units including FedEx
Month: March 2023
Signage outside a Signature Bank branch in New York, US, on Monday, March 13, 2023. Stephanie Keith | Bloomberg | Getty Images Financial institutions took billions in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis of confidence and liquidity, the central bank reported Thursday. Utilizing tools the
Wealthy investors and family offices are moving more of their money out of bank cash balances and into Treasurys, money markets and other short-term instruments, according to wealth advisors. High net worth investors typically keep millions of dollars or even tens of millions in cash in their bank accounts to cover bills and unexpected expenses.
In this article US6M Follow your favorite stocksCREATE FREE ACCOUNT Young man working at home Eva-katalin | E+ | Getty Images Investors seeking safety from last year’s market havoc went running to Uncle Sam — that is, they opened more than 3 million accounts to buy Treasurys and other bonds directly from the U.S. government.
Brandon Bell | Getty Images Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent survey from Zillow finds 84% of first-time home sellers wish
You’d have to be living in a cave for the past decade to be unaware that Social Security will be facing significant funding challenges in about 10 years. If Congress doesn’t act to close the funding gap, retirees could face benefit reductions of roughly 20% to 25%. Predictably, our political leaders can’t agree on the
With the tax deadline just a few weeks ago—Tax Day is April 18—taxpayers are scrambling to finish and file their returns. One thing that may be causing some confusion this year? Cryptocurrency. While it’s not a new tax topic, conflicting advice about losses and different wording on Form 1040 are resulting in some head-scratching. Here
There’s something happening at the nation’s malls, department stores and discount retailers. Smaller brands are setting up shop within these emporiums, providing a fresh offering for shoppers—and a new way for larger retailers to keep pace with rapidly evolving consumer trends. While the concept of a specialized offering surrounded by general merchandise isn’t new—it’s the
In this article WMT TGT Follow your favorite stocksCREATE FREE ACCOUNT A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images The U.S. economy may not be in a recession, but it
A customer walks past an ATM outside of a First Republic Bank branch in Manhattan Beach, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. First Republic Bank — Shares of First Republic erased earlier losses and were last up about 22%. Sources
In this article AVD Follow your favorite stocksCREATE FREE ACCOUNT Customer shaking hands with car salesman buying a car Fg Trade | E+ | Getty Images Several considerations go into selecting a financial advisory firm, especially if you are in your prime working years and have plenty of time left before you retire. For one,
In recent days, a crisis in the financial sector sent markets into a tailspin, erasing hopes for an early 2023 turnaround. For retirement savers, these losses come on the heels of a year when 401(k) account balances already lost nearly one-quarter of their value. Average 401(k) balances sank 23% in 2022 to $103,900, according to
Viorel Kurnosov | Istock | Getty Images With roughly two more months before the U.S. Department of Health and Human Services ends the three-year Covid public health emergency, more than 5 million of the nation’s households remain behind on their rent. All together, tenants continued to owe nearly $11 billion in rental debt during the
The goal of estate planning is to ensure your assets transition to your loved ones after your death in an efficient manner while maximizing tax savings. There is no one plan for everyone – it depends on you, your family, your assets and your wishes. Unfortunately, not everyone pays as much attention to their estate
It’s rare to find a Republican lawmaker who thinks highly of a new federal tax proposal. Enter Lindsey Graham from South Carolina. In recent days, the fourth-term senator has hinted that he may introduce a carbon-import tax. The proposal is billed as a clever way to stick it to Chinese polluters. According to some sources,
Forbes Global Properties The roots of Los Angeles’ Brentwood neighborhood go deep. The land was part of a former rancho dotted with adobes and cattle until it was divided into individual parcels in the 1880s. The upscale but low-key neighborhood that evolved over decades quickly became known as a place to be in—and away from—the
In this article MMM Follow your favorite stocksCREATE FREE ACCOUNT Nathan Frei, a former active-duty infantry officer who served from 2011 to 2015, first noticed issues with his hearing in 2013, shortly after returning from training with the U.S. Army. Nate was identified with tinnitus and now is one of more than 200,000 claimants suing
A branch of Swiss banking giant Credit Suisse behind a window under the rain, in Basel. (Photo by FABRICE COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images Credit Suisse shares soared over 30% at Thursday’s market open after the bank said it will borrow up to
Singapore’s Changi Airport has been named the “world’s best airport” for a record 12th time. The city-state’s airport reclaimed the title in the “World Airport Awards 2023” announced yesterday by the air transport research firm Skytrax. Changi Airport had previously won first place in Skytrax’s annual ranking for eight consecutive years from 2013 to 2020, but
miodrag ignjatovic | E+ | Getty Images Some Medicare beneficiaries will begin paying less next month for 27 prescription drugs whose prices have increased at a rate that outpaces inflation, government officials announced Wednesday. Depending on their individual coverage, beneficiaries could save between $2 and $390 per average dose for these drugs starting April 1,
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