JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

KEY POINTS JPMorgan Chase’s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually… Read More »JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

KEY POINTS The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released Monday. On… Read More »Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

Older—and Happier?

Happiness, it appears, is now coming to people at a time when most of them weren’t expecting it: in their sixties. According to a new survey, older Americans are among the globe’s happiest people, with… Read More »Older—and Happier?

Thank ‘gangbusters’ corporate profits for keeping you employed and staving off the recession, top economist says

Corporate profits hit record highs in the fourth quarter of last year. But corporations aren’t the only ones riding high: The supercharged bottom lines of America’s biggest companies may have helped boost the entire country’s economy, keep… Read More »Thank ‘gangbusters’ corporate profits for keeping you employed and staving off the recession, top economist says

Stock Market News, March 12, 2024: S&P 500 Logs Fresh Record After Hotter-Than-Expected Inflation Data

February’s hotter-than-expected inflation data did little to change investors’ rate-cut expectations for this year. That lifted stocks Tuesday. Read the day’s full markets round-up here. The consumer-price index rose 3.2% in February from a year earlier, topping the… Read More »Stock Market News, March 12, 2024: S&P 500 Logs Fresh Record After Hotter-Than-Expected Inflation Data

House of Representatives Approves Expanding Access to Capital Act, Legislation Sponsored by Patrick McHenry that Aims to Boost Entrepreneurs, Improve Funding

After several days of debate and discussion, the US House of Representatives has approved the legislation, the Expanding Access to Capital Act (HR 2799). The bill was sponsored by Representative Patrick McHenry, the Chairman of the House Financial Services Committee,… Read More »House of Representatives Approves Expanding Access to Capital Act, Legislation Sponsored by Patrick McHenry that Aims to Boost Entrepreneurs, Improve Funding

Shaquille O’Neal says this advice from Jeff Bezos got him to invest in a $29 million education startup backed by Sam Altman

When you’re considering investment advice, taking a tip from one of the world’s wealthiest people is probably a good place to start. That’s why Shaquille O’Neal says he turned to Amazon founder Jeff Bezos for… Read More »Shaquille O’Neal says this advice from Jeff Bezos got him to invest in a $29 million education startup backed by Sam Altman

You may be at risk for fraud this holiday season, particularly if you shop at the last minute. Here’s why

KEY POINTS Holiday shopping this year is expected to reach record spending levels, according to the National Retail Federation. But as consumers open their wallets, they may also be making themselves vulnerable to potential fraud, particularly when shopping… Read More »You may be at risk for fraud this holiday season, particularly if you shop at the last minute. Here’s why

Turkeys are cheaper, but inflation is ‘clearly impacting’ Thanksgiving food costs, economist says. Here’s how to save

KEY POINTS Families preparing for Thanksgiving will find that turkeys are cheaper this year. The U.S. bird population recovered from last year’s avian flu, boosting supply and helping push down prices. This year, a 16-pound frozen… Read More »Turkeys are cheaper, but inflation is ‘clearly impacting’ Thanksgiving food costs, economist says. Here’s how to save

These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them

KEY POINTS People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows. Yet just 10% of workers have all of these “optimal” characteristics, according to the survey findings, from… Read More »These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them