Topline With the stock market on one of its worst losing streaks in decades amid a relentless selloff that has pushed the S&P 500 nearly 20% below its record highs, recession risks are rising—but history shows that not all bear markets lead to long term downturns and stocks can often rebound over the next year.
Retirement
Topline Stocks rallied slightly on Wednesday after minutes from the Federal Reserve’s most recent policy meeting showed that the central bank is likely to continue raising interest rates by a half-percentage point each in June and July, amid growing urgency to combat surging inflation and avoid an economic downturn. Key Facts Stocks moved higher as
Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict. Key Facts Retail and consumer stocks rebounded thanks to reports that Kohl’s
The editors of Bloomberg recently published a series of editorials on America’s impending “retirement crisis,” which they assert could “under reasonable assumptions … overwhelm state budgets across the country” as impoverished seniors increasingly rely on government handouts to survive. Scary stuff, if true. In fact, the assumptions driving these frigthening claims are anything but reasonable.
Topline The stock market fell on Tuesday—reversing a comeback rally a day earlier—as the months-long selloff on Wall Street persists with investors continuing to offload shares amid a gloomy profit outlook from Snap, which sent tech stocks plummeting and led to rising recession fears. Key Facts The Dow Jones Industrial Average was down 0.5%, nearly
Topline The Federal Reserve isn’t doing its job fighting runaway inflation—and unless the central bank tightens monetary policy and raises interest rates “more aggressively,” the ongoing stock market sell-off could well turn into a full “economic collapse,” warned hedge-fund billionaire Bill Ackman on Tuesday. Key Facts The Federal Reserve has lost credibility as it has
Is your traditional IRA or 401(k) down in value this year? Many financial experts are touting this as a good time to convert it to a Roth since you can pay taxes on the lower account value, and when the market recovers, your money can grow to be tax-free. However, here are some reasons why
The nearly $100 billion State Teachers Retirement System of Ohio never tires of telling its members of past transparency awards it has received from Ohio State Auditor Keith Faber. The fact that Faber’s office is currently conducting a special investigation into the pension’s transparency practices, prompted by public records lawsuits and numerous member complaints—the results
Earlier this month, a dramatic headline appeared at the New York Post: “No kidding: Rearing 3 or more children could make you literally lose your mind, study says.” The dramatic statement from the article, three sentences in? “The scientists found that having three or more kids vs. two children has a “negative effect on late-life
The clock is ticking towards your final day on the job. On the other side sits the promise of a proverbial pot of gold at the end of the rainbow. Or so you have always been told. And you’ve always believed retirement would be just that. If that’s all true, why are you so anxious?