Category: United States

When it comes to saving for retirement, everyone is mostly on the same page. The financial services industry wants you to save money for retirement. Employers want you to save money. And you want to save money. Everyone’s interests are aligned. But when it comes time to turn savings into income, the incentives aren’t quite […]

American Airlines Group Inc. will resume selling alcoholic beverages on many domestic flights next month — a plan it put off last year in an effort to tamp down on unruly passenger behavior. Airlines largely suspended food and beverage service in 2020 when travel demand plummeted and they wanted to minimize contact between customers and crew. […]

Dear Quentin, My 71-year-old sister has power of attorney over my 94-year-old mother. My sister is retired and, at times, has refused to have anything to do with the family, meaning my mother and father. After my father passed away in 2011, my oldest sister has been trying to take complete control over my mother. […]

General Electric Co. said Chief Executive Larry Culp agreed to reduce his potential compensation by about $ 10 million this year, responding to shareholder concerns over changes that GE’s board made to executives’ pay packages in 2020. In August 2020, the GE GE, +0.88% board revised Culp’s contract, extending it until 2024 and awarding him a special stock […]

The return of 4% mortgage rates is upon us. The average rate on a 30-year fixed-rate mortgage was 4.16% as of the week ending March 17, up 31 basis points from the previous week, Freddie Mac FMCC, +2.13% reported Thursday. One basis point is equal to one hundredth of a percentage point, or 1% of […]

Oil prices settled back above the $ 100 mark on Thursday, marking a partial rebound from a three-session decline, amid escalating violence in Ukraine and growing expectations for a significant loss of crude supplies from Russia. Price action West Texas Intermediate crude for April delivery CL.1, +9.53% CL00, +9.53% CLJ22, +9.53% climbed $ 7.94, or […]

“ “You started this war. You are leading this war. You can stop this war.” ” That was Arnold Schwarzenegger talking to Russian President Vladimir Putin about the war in Ukraine during a nine-minute video appeal that went out Thursday morning on social-media channels. The former bodybuilder and actor-turned-prominent U.S. Republican politician spoke not only […]

The numbers: New filings for unemployment benefits fell to a two-and-a-half month low of 214,000 in mid-March, showing that demand for labor is still extremely high as the economy recovers from the pandemic. Initial jobless claims declined by 15,000 from a revised 229,000 in the prior week,  the Labor Department said Thursday. Economists polled by The […]

Now that the Federal Reserve has started to raise interest rates to counter inflation, this is a good time to take a deep look at the S&P Dividend Aristocrats and isolate stocks with the highest yields. There are more aristocrats than you might expect, with three broad U.S. indexes maintained by S&P Global. Below is […]

Medicare health insurance premiums can add up to major bucks — especially if you’re upper-income, married, and both you and your spouse are paying. This column lists the 2022 Medicare health insurance premium amounts, explains why decisions made on your 2021 Form 1040 will determine your premiums for 2023, and more. Here goes.     Premiums for […]

Winter is coming for this guy. A North Carolina man was sentenced to 20 months in prison for fraudulently taking $ 1.7 million in Covid-19 relief loans for fake companies he created, including some which had “Game of Thrones”-themed names. Tristan Bishop Pan, 40, pleaded guilty to wire fraud last August for submitting at least […]

Xerox Holdings Corp. XRX, +3.30% has stopped its shipments to Russia and is monitoring the situation in the country, Chief Financial Officer Xavier Heiss said Wednesday. “There is nothing going into the country,” Heiss said, referring to company shipments to Russia. Xerox, which employs people both in Russia and in Ukraine, has separate legal entities […]

After remaining stubbornly dovish last year, Federal Reserve Chairman Jerome Powell on Wednesday jumped the central bank squarely into the hawkish camp at his press conference on Wednesday. “The March FOMC meeting will go down in history as the one in which the committee saw the light,” said Stephen Stanley, chief economist at Amherst Pierpont, […]

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and laid out plans for a more aggressive strategy of “ongoing increases” in the months ahead to combat high inflation. With inflation running at a 40-year peak, the Fed is shifting aggressively away from its two-year old stimulative stance that […]

Private-equity firm Sycamore Partners and Canada’s Hudson’s Bay plan to submit takeover bids for Kohl’s Corp. KSS, +14.91%  that could value the department-store chain above $ 9 billion, according to people familiar with the matter. The private-equity firm and the department-store chain plan to bid in the high $ 60s a share for Kohl’s, which asked suitors […]

The numbers: Sales at U.S. retailers slowed sharply in February, rising a scant 0.3%, and Americans probably bought fewer goods like groceries, consumer electronics and furniture and after factoring in high inflation. Economists polled by The Wall Street Journal had forecast a 0.4% advance. The previously reported 3.8% increase in sales in January, however, was […]

U.S. stock futures on Wednesday pointed to an extension of the previous session’s rally, as traders wait for the Federal Reserve’s monetary policy decision and react to China’s statement of support for its markets. What’s happening Futures on the Dow Jones Industrial Average YM00, +1.07% rose 290 points, or 0.9%, to 33717 Futures on the […]

In the U.S. housing market, it still pays to have a ton of cash on hand. A new report from real-estate brokerage Redfin RDFN, +2.35% examined the most effective strategies for winning bidding wars for homes. The report was based on an analysis of offers made by Redfin’s agent on behalf of their clients who […]

Dear Quentin, My mother is close to passing. We have not spoken in over 20 years because we don’t get along. We both live in Florida. Since my brother and dad have both passed I am the only direct remaining family member. My cousin is the only one my mother still talks to in our […]

WASHINGTON — President Joe Biden is expected to announce more than $ 1 billion in new military assistance to the Ukraine government as early as Wednesday, according to U.S. officials, as Ukrainian President Volodymr Zelensky is expected to make a plea to Congress for more aid to defend his country against Russia’s invasion.