Quit a job? You likely can’t collect unemployment benefits
Joe Raedle | Getty Images Americans are quitting their jobs in record numbers. However, they likely won’t qualify for unemployment benefits. Just over 4.4 million people quit in September, an increase of 164,000 from the prior record in August, the...
Stocks making the biggest moves premarket: Johnson & Johnson, Rivian, Lordstown and more
Check out the companies making headlines before the bell: Johnson & Johnson — Shares of Johnson & Johnson rose nearly 4% in premarket trading on Friday after announcing plans to split its consumer health business off from its pharmaceutical and...
China slams U.S. democracy as a ‘game of the rich,’ at an event promoting Xi’s growing power
Books by and about Chinese President Xi Jinping fill a display at the Museum of the Communist Party of China in Beijing on November 11, 2021. Noel Celis | AFP | Getty Images BEIJING — A top Chinese official issued...
Inflation pushes income tax brackets higher for 2022
The IRS announced higher federal income tax brackets and standard deductions for 2022 amid rising inflation. The consumer price index surged by 6.2% in October compared to the previous year, the biggest jump in more than three decades. As price...
Borrowers rush to refinance, as mortgage rates drop for a second week
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As...
Experts say the 4% rule, a popular retirement income strategy, is outdated
MoMo Productions | Stone | Getty Images Market conditions are pressuring the 4% rule, a popular rule of thumb for retirees to determine how much money they can live on each year without fear of running out later. Withdrawing money...
Biden offers sympathy and potential supply chain fixes as he has few real options to halt inflation
U.S. President Joe Biden speaks on the bipartisan infrastructure deal at the Port of Baltimore in Baltimore, Maryland, on Wednesday, Nov. 10, 2021. Samuel Corum | Bloomberg | Getty Images As government economists work to find ways to combat soaring...
Major Wall Street firm has one of its largest equity overweights ever – and is looking to buy even more stocks
A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop...
Consumer prices jumped in October, but one indicator says inflation might be peaking
Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images The rate of consumer price increases jumped to a three-decade high in October as supply...
Fuel, housing costs boosted October’s inflation. Here’s what it means for the Fed’s stance on interest rates
A gas pump at an Arco gas station in San Diego, California. Mike Blake | Reuters October’s surge in consumer prices was driven by some factors that may linger. Market pros say the Federal Reserve may be forced to move...
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