Wealth Management

A person walks past the New York Stock Exchange at Wall Street in New York on Feb. 3, 2025. Angela Weiss | AFP | Getty Images A “torrid two-year stretch” prompted the S&P 500 to gain around 70%, but that momentum is stalling, Morgan Stanley Wealth Management said in its investment strategy research this week.

The US Capitol building in Washington, DC, on November 24, 2024.  Daniel Slim | Afp | Getty Images News that Department of Government Efficiency led by Elon Musk now has access to a government payment system that is responsible for $6 trillion in annual federal payments — including Social Security and Medicare benefits — has

Vesnaandjic | E+ | Getty Images The cost to rent is coming down faster in some areas of the U.S. than others.  Overall, rent affordability is improving thanks to a combination of factors, said Daryl Fairweather, chief economist at Redfin. One is, there’s more supply. “There are more apartments for rent now because there was

An American flag and a U.S. Department of Education flag fly outside the US Department of Education building in Washington, D.C., U.S., Feb. 1, 2025.  Annabelle Gordon | Reuters With the Trump administration looking for ways to close parts or all of the U.S. Department of Education, many of the country’s 42 million federal student

Many consumers are rightfully concerned about escalating trade tensions. President Donald Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. He also signaled that tariffs on the European Union could be next.  While Trump has agreed to halt the implementation of tariffs against Canada for at least 30 days

A truck drives on its way to enter the United States at a border crossing at the Canada-U.S. border in Blackpool, Quebec, Canada, on Feb. 2, 2025. Andrej Ivanov | Afp | Getty Images Tariffs set to take effect Tuesday may mean consumers won’t get a reprieve from high borrowing costs this year, according to

Trump administration tariffs set to begin on February 4th would affect prices and the availability of some products at grocery stores.  Nick Lachance | Toronto Star | Getty Images President Donald Trump’s new executive order issuing tariffs on goods entering the U.S. from Canada, China and Mexico sent markets falling early Monday. By midday, the

By many measures, millennials are doing considerably well financially. Still, fewer younger adults are thinking about retiring in the traditional sense one day. “Retirement is becoming more deprioritized,” said Michael Liersch, head of advice and planning at Wells Fargo. “Ten or 15 years ago that was always the number one goal,” he said. Now, “actually

Remains of Karen Bagnard’s Altadena, California, house after it burned in the January 2025 Los Angeles-area wildfires. Courtesy: Chelsea On the night of Jan. 7, Karen Bagnard sat in her Altadena, California, house in the dark. Forceful winds had caused her home to lose power, and she also had no running water, save for one

Homes burn above Pacific Coast Highway during the Palisades Fire on Jan. 8, 2025, in Pacific Palisades, Calif.  Photo by Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images Alicia Kalvin awoke the morning of Jan. 7 to an urgent text from a friend: “There’s a fire on your street.” She hurried outside, alarmed to see