Photo credit: Brian van der Brug. Los Angeles Times via Getty Images Suddenly, investors are looking for companies that can survive a possible recession. Corporations with high profitability and low debt seem a pretty good bet. Most corporate chief executives, in a recent Wall Street Journal poll, said that a recession has either already begun…
It pays to do your retirement homework. getty The period when you transition into retirement is one of the most critical times of your life. It’s comparable in importance to the period when you transitioned into adulthood, roughly between ages 20 and 30. Think about it: Your decisions during that time put your life on…
getty The nation’s 4,839 regional and community banks, and 5,041 credit unions are much different financial animals than the biggest banks in the United States. The behemoth banks have substantial chunks of revenue coming from their trading desks, investment banking divisions, and global lending operations. By contrast, smaller banks and credit unions operate a more…
Topline As a growing number of investment banks and company chiefs warn that the likelihood of a recession is increasing, analysts at Morgan Stanley are telling clients that the stock market—despite reeling from a steep selloff in recent weeks—has plenty of room to fall before hitting levels consistent with recession-era lows, which would be especially…
Key News Asian equities were mixed, but mostly higher overnight as Hong Kong outperformed, driven by growth and internet stocks as optimism gathers over the end to lockdowns in China and an improving macroeconomic picture. However, Mainland markets were lower on light turnover. China developers saw gains last night and yesterday as a data release…
Financial Planner LA’s David Rae appears on In Depth with Bob DeCastro, which airs on Fox 11 LA and KCOP 13 Los Angeles. Topics include inflation, the stock market, investing now, financial tips, and other personal finance news of the week. Check out this personal finance video and keep reading for further insights into dealing…
CHICAGO – NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal … [+] Revenue Service November 1, 2005 in Chicago, Illinois. A presidential panel today recommended a complete overhaul of virtually every tax law for individuals and businesses. (Photo Illustration by Scott Olson/Getty Images) Getty Images The employee retention credit…
President Joe Biden (Photo by Joe Raedle/Getty Images) Getty Images Student loan forgiveness would eliminate this much student debt. Here’s what you need to know — and what it means for your student loans. Student Loans President Joe Biden could decide the future of student loan forgiveness within weeks. That said, the White House has…
Topline Stocks moved higher on Tuesday as the market attempted to recover from its worst week since March 2020, despite the fact that investors widely remain nervous about surging inflation and rising rates leading to a recession. Markets rallied despite ongoing recession fears, with experts predicting more downside ahead. Drew Angerer/Getty Images Key Facts Stocks…
With the costs of higher education continuing to rise year after year, it’s only natural for parents to want to chip in and help with the cost. They can do this in a number of ways, the most popular of which is opening a 529 savings account and stashing away money as they can. However,…