Experts say the 4% rule, a popular retirement income strategy, is outdated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...
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday. The consumer price index, which is a...
The first Fed rate hike is now expected as early as July following the hot CPI data
Traders on the floor of the NYSE Source: NYSE Traders in the futures markets moved up their expectations for the first Federal Reserve interest rate hike to July from September, following a hotter than expected inflation report. “It’s a very...
Big business bosses are warning that supply chain issues and inflation are here to stay
A truck picks up a shipping container at the Port of Savannah in Georgia. The supply chain crisis has created a backlog of nearly 80,000 shipping containers at this port, the third-largest container port in the United States, with around...
Home prices are now rising much faster than incomes, studies show
During the Covid pandemic, home prices have shot up nearly nationwide while household income fell. As a result, homeownership became out of reach for many would-be buyers. However, affordability was a growing problem well before 2020 and the start of...
Stocks making the biggest moves premarket: Coinbase, DoorDash, Poshmark and more
Check out the companies making headlines before the bell: Coinbase (COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported lower-than-expected quarterly revenue. The cryptocurrency exchange reported revenue of $1.31 billion versus the Refinitiv consensus of $1.57...