For many people around the world, coronavirus lockdowns and social-distancing measures mean financial hardship. As some are growing desperate, WSJ reporters explain how governments are addressing the risks of social unrest. Photo: Daniel Irungu/Shutterstock
Dow Jones futures dropped Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GameStop stock rocketed 131%.
U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter. The producer price index for final demand rose 0.5% last month after falling by a downwardly revised 0.1% in March, the Labor Department's Bureau of Labor Statistics said on Tuesday. Financial markets expect the Federal Reserve to start its easing cycle in September, though some economists believe the first interest rate cut could come in July.
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
GameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Investors are not convinced that this cheap stock is safe from the rising effectiveness of artificial intelligence.
Alibaba stock rallied strongly ahead of its Q1 report, but a revenue beat was offset by an 86% drop in quarterly profit.
Nearly a dozen high-profile companies have conducted a forward-stock split since the midpoint of 2021. Three prominent, time-tested businesses may be the next stock-split stocks.
One-time meme stocks and other heavily-shorted names are rocketing higher in a new retail investor frenzy.
In the realm of retirement savings, only a select few in the United States achieve the milestone of a $5 million nest egg. Data from the Employee Benefit Research Institute, based on the Federal Reserve’s Survey of Consumer Finances, reveals that a mere 0.1% of retirees manage to accumulate over $5 million in their retirement accounts, whereas only 3.2% amass over $1 million. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? Can you
(Bloomberg) -- From JPMorgan Chase & Co. to Citigroup Inc., Wall Street’s most prominent trading desks are warning that investors should gear up for a potential break in the calm that’s come over the market.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts Frenc