According to 2022 Federal Reserve data, only 57 percent of Americans between the ages of 50 and 60 have a retirement account, a participation rate that is near its lowest level in 30 years. Among households with at least one retirement account, the median balance for this age group was $185,000, according to the Fed. … Read more
U.S. stock futures fell on Monday after a dramatic sell-off by investors in gold and silver, and technology led the decline as concerns about artificial intelligence trading swirled and Federal Reserve uncertainty deepened. Nasdaq 100 futures (NQ=F) fell 0.6%, while those on the S&P 500 (ES=F) fell about 0.3%. Contracts on the Dow Jones Industrial … Read more
The S&P 500 (SNPINDEX: ^GSPC) has added 1.5% year to date, and the benchmark is currently half a percentage point off its all-time high. However, several Federal Reserve officials (including Chairman Jerome Powell) have warned investors that stock prices are high by historical standards. Wall Street anticipates double-digit gains in the S&P 500 in the … Read more
WASHINGTON (AP) — Over the past year, the Supreme Court has repeatedly allowed President Donald Trump to fire the heads of independent agencies, but it appears to be drawing a line with the Federal Reserve. The court has signaled for months that it sees the Fed in a different light. It said the president can … Read more
If people don’t go to the office, then all the infrastructure built to support workers is no longer viable. Remote and hybrid work is reshaping inner-city economies, and restaurants are among the businesses feeling the most acute impact. “As remote or hybrid work continues to be popular, office attendance has declined. Less in-person work can … Read more
By Andrew Chung, John Kruzel and David Lawder WASHINGTON, Jan 21 (Reuters) – Conservative and liberal justices on the U.S. Supreme Court on Wednesday expressed skepticism about President Donald Trump’s bid to oust Federal Reserve Governor Lisa Cook in a case where the central bank’s independence is at stake. During about two hours of arguments … Read more
In the end, the Supreme Court’s landmark case over whether President Donald Trump can temporarily fire members of the Federal Reserve can be boiled down to a single 26-word sentence. After repeatedly allowing Trump to remove the leaders of other independent agencies, the conservative court appeared to draw a line around the central bank in … Read more
Iced Coffee Hour / YouTube Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. America’s baby boomers are often seen as the lucky ones — the generation that bought homes before prices skyrocketed, rode decades of stock market growth and built their careers in a less cutthroat job … Read more
Grant Halverson/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Cam Newton, once one of the NFL’s most electrifying quarterbacks, now faces a challenge off the field: loss of income. At 36, Newton’s days as a professional athlete are over. He officially retired from the game … Read more
The US Department of Justice has opened a criminal investigation into Federal Reserve Chairman Jerome Powell as Donald Trump’s White House steps up its campaign against central bank independence. In a video posted on Sunday, a usually reticent Powell took the extraordinary step of calling off the probe as punishment for failing to set interest … Read more