The Moneyist: My wife and I enrolled our terrier, Spencer, at puppy day school. We discovered they used electric-shock collars. Should we ask for a refund? Can we sue? 

Dear Moneyist, My wife and I adopted a terrier during the pandemic. It was the best decision we ever made, aside from getting married. But this is a close second.  We had some minor issues with Spencer — named after the late Diana, one of my wife’s favorite royal figures — “escalating the play,” according […]

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MarketWatch First Take: Cisco blames China lockdowns for its forecast cut, but there could be deeper problems

Cisco Systems Inc. executives spent much of Wednesday afternoon blaming the COVID-related shutdowns in China for a $ 1 billion shortfall in its revenue forecast, but the tech bellwether could be showing wider problems. Cisco CSCO, -13.73% reported fiscal third-quarter financial results that showed flat revenue and earnings that were mostly in line with Wall […]

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FA Center: You might insist that an investment adviser have years of experience, but be open to mid-career newcomers with non-financial backgrounds.

When shopping for a financial adviser, people most often seek someone with experience and expertise. Yet don’t rule out mid-career professionals who’ve changed careers to become advisers. While they may lack experience in the financial services industry, their diverse work history can be helpful in meaningful ways. “So much of being a financial planner is […]

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The Moneyist: ‘I partially support my partner of 12 years as his business is, sadly, failing’: I have $300,000 in company stock and $56,000 in debt. Should I sell my shares to pay the debt?

Dear Quentin, I am 33 years old, I currently make just over $ 120,000 a year, including an annual bonus, and my company has gifted me with around $ 300,000 in equity in the firm, although our stock is brand new, so it is constantly swinging up and down. I put around 6% toward a […]

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Market Extra: A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd.

The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Global Chief Investment Officer Scott Minerd told MarketWatch in an interview. The prominent CIO on Wednesday said he envisioned the possibility of […]

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Earnings Results: ‘We did not have a plan for a country to shut down’ — Cisco stock plunges more than 15% as China lockdown affects supply and outlook

Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $ 1 billion short of Wall Street expectations, which executives blamed on COVID shutdowns in China. Cisco CSCO, -4.43% shares dropped more than 15% after hours, following a 4.4% decline in the regular session to […]

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Best New Ideas in Retirement: ‘Who is going to take care of you when you’re old?’ Childfree retirement planning answers the questions all of us should be asking

People will say all kinds of things to you if you tell them you don’t plan to have children, ever. “You’ll grow out of it.” “It’s selfish to not have children.” “You don’t like kids?” People in the childfree community refer to these comments as “bingos.”  It’s called “getting bingoed” when someone throws a cliché […]

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