More than a quarter of people with an annual household income above $49,286, said they increased spending this year, a McKinsey survey found.
Category: Finance News
Taking required minimum distributions? How to reduce the sting of selling in a down market
The deadline is approaching for required minimum distributions, and retirees need to be careful when withdrawing money in a down market. Here’s what to know.
Stocks making the biggest moves midday: Carvana, MongoDB, TripAdvisor, Toll Brothers and more
These are the stocks posting the largest moves in midday trading.
‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
The bank leaders are providing evidence that the Fed’s campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.
It’s never to soon to save for retirement. Here are 3 ways Gen Z workers can start now
With many older workers and retirees regretting not saving earlier in life, it’s never too soon for new college graduates to start socking away money.
Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
These are the stocks posting the largest moves before the bell.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” in its ESG messaging.
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’
After a tumultuous year, Standard Chartered expects more volatility in 2023 and says several potential surprises are being “underpriced” by the market.
Over $400 billion has been erased from the value of Europe’s tech industry this year
The combined value of all public and private European tech firms has fallen from to $2.7 trillion from a peak of $3.1 trillion in late 2021, a new report says.
‘It’s just like owning a condo’ said Austin Wells on cruise ship living
Austin Wells plans to work remotely and travel the world from the $300,000 studio apartment he bought on the luxury residential cruise ship, the MV Narrative, with the company Storylines.