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Social Security’s 75-year deficit is not surprising
Most is due to changing valuation period and much of the rest to earnings inequality
11 de junho de 2024
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Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.
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Why bitcoin is falling ahead of CPI report and the Fed meeting
Bitcoin fell on Tuesday as investors awaited Wednesday’s consumer-price-index data and the Federal Reserve policy meeting that concludes the same day.
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Americans agree: No one knows what to do about student debt
A new poll finds that the majority of Americans don’t approve of how government leaders, regardless of their party or position, are handling student loans.
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Affirm’s stock charges up after Apple announces payments partnership
Affirm Holdings’s stock rallied Tuesday after the provider of buy-now-pay-later payment options disclosed a partnership with Apple.
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Stocks used to rise ahead of Fed meetings. Not anymore.
A longstanding phenomenon known as “Fed drift” has mostly disappeared from markets since the beginning of 2023.
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Wells Fargo exec sees the most loan stress in older office buildings
Wells Fargo CFO Michael Santomassimo points out some bright spots along with loan problems in commercial real estate.
11 de junho de 2024
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Tesla shareholders should pass Elon Musk’s pay package, or else, analyst warns
Tesla’s stock could get a boost after shareholders gather Thursday to vote on Chief Executive Elon Musk’s massive pay package, unless they vote no.
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Election pressure on Macron continues to batter euro, French bonds
Pressure stays on European stocks, the euro and French bonds for a second day as France prepares for an election.
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Good news on inflation? CPI might show signs of easing prices.
A surprisingly muscular May jobs report didn’t give the Federal Reserve any comfort that inflation is softening, but the latest consumer-price index might offer some good news.
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This cell-tower REIT is laying off more than 10% of its employees
Crown Castle announced Tuesday some changes in how it will run its fiber business, which the cell-tower real-estate investment trust said will lead to a workforce reduction of more than 10%.
11 de junho de 2024
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Why Google is one of the big winners from Apple’s WWDC
Yes, rival OpenAI now has an Apple partnership, but Monday’s keynote address at Apple’s developers conference emphasized to Morgan Stanley the durability of Google search.
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Roaring Kitty shows he’s holding his GameStop position as stock continues slide
Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social media.
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New Morgan Stanley CEO Ted Pick sees growth despite ‘unusual’ economy
Pick eyes opportunities in wealth management and employee stock ownership
11 de junho de 2024
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I’m 64 and retired to watch my grandkids. My husband, 65, and I have $1.7 million. When should we claim Social Security?
“Should we wait longer to collect Social Security and live off of our 401(k) plans for two years?”
11 de junho de 2024
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Wealth is soaring in America. Or is it?
If you want a true picture of financial security in America, look at how wealth is distributed
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Oil prices edge lower after Monday bounce; OPEC leaves forecasts unchanged
Oil futures were slightly lower Tuesday, consolidating after a large bounce the previous session as investors weighed updated forecasts from the Organization of the Petroleum Exporting Countries that left the outlook for supply and demand unchanged.
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BP says staff must disclose all intimate relationships with colleagues or risk losing their jobs: report
The British firm’s new conflicts-of-interest policy follows ex-CEO Bernard Looney’s sudden departure last September over his failure to disclose intimate relationships with colleagues.
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Apple Intelligence could be the superpower AI assistant we’ve always wanted
Apple’s WWDC announcement is all about you and your digital life.
11 de junho de 2024
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GM board approves a new $6 billion stock-buyback program
In another shareholder-friendly move, the company raised its quarterly dividend in the first quarter to 12 cents a share from 9 cents previously.
