Here’s exactly how much Americans save at any age – and (damn) here’s what they should have

Here’s exactly how much Americans save at any age – and (damn) here’s what they should have

How much savings do you need Getty Images / iStockphoto No matter your age, savings are a necessity. But depending on your age, the amount of savings you will need changes based on your life stages and your overall financial landscape. A general rule of thumb is that you should, even in times of high … Read more

The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

This is the only part of the labor market where workers have less bargaining power

This is the only part of the labor market where workers have less bargaining power

Friday’s employment report showed surprising strength in the job market, but there are signs it may not be all right for all workers. Resignations in low-wage industries like retail, leisure and hospitality are slowing, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those industries likely have less bargaining power … Read more

Blocking shares decline after earnings, as Square’s parent company swings at a loss

Blocking shares decline after earnings, as Square’s parent company swings at a loss

Shares of Block Inc. fell 7% in after-hour trading Thursday after the payment technology company made a loss in an earnings report that appeared to cause some controversy over whether the company actually outperformed or missed. expectations on several key parameters. SQ block, + 1.85%, which recently changed its corporate name from Square, posted a … Read more

Opinion: The S&P 500 is so close to breaking through this crucial level and challenging the bear market trend line

Opinion: The S&P 500 is so close to breaking through this crucial level and challenging the bear market trend line

The S&P 500 Index may be in the process of securing two major bullish SPXs, -0.12% milestones. First, the S&P rose from that mid-June low to the major resistance at 4170. A two-day close above that level would be quite bullish and set the stage for a downtrend line challenge that defines this bear market. … Read more

How to find an LGBTQ ally financial advisor or advisor

How to find an LGBTQ ally financial advisor or advisor

Personal finances can be particularly daunting for members of the LGBTQ + community, who have faced exclusion and discrimination from their families and from financial and governmental institutions. According to an analysis by the Human Rights Campaign Foundation, gay men earn about 69 cents per dollar to their straight peers and lesbians earn about 89 … Read more

Keep running with bond bulls, Bank of America says

Keep running with bond bulls, Bank of America says

The rally in the bond markets in recent times has been surprising. As hopes rise that inflation may have peaked and evidence of a U.S. economic slowdown, the 10-year Treasury benchmark makes BX: TMUBMUSD10Y it fell from the roughly 3.5% level it reached in mid-June to nearly 2.5% earlier this week. A drop of 100 … Read more

Opinion: The bond market has a strong opinion on inflation, but what does it say about a recession?

Opinion: The bond market has a strong opinion on inflation, but what does it say about a recession?

Whenever the Federal Reserve begins to tighten financial conditions, markets try to guess how far the central bank will go. Indeed, now in an era where it provides its future policy estimates in a framework known as “the dots,” the Fed yes is providing indications on where the fed funds rate will land. For 2023 … Read more

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more

Robinhood Crypto fined $ 30 million by New York regulator

Robinhood Crypto fined $ 30 million by New York regulator

Photo: Oliver Douliery (Getty Images) Robinhood, the self-proclaimed “Democratized Finance” app. accused to deceive and rob retail investors will have to shell out an additional $ 30 million to placate regulators. This increases the company’s overall regulatory penalty and transaction board to well above $ 100 million. In a storage area On Tuesday, the New … Read more