Jeffrey Gundlach speaking at the 2019 Sohn Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. “When I
Month: January 2024
This piece is written in collaboration with a colleague of mine, Amir Noor, CFP®, director of financial planning at United Financial Planning Group, who first developed the idea of the phantom month. Not only do Americans struggle with budgeting, it simply doesn’t seem to work for them. The issue – and solution – to this
An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. With this, a lot of Walmart employees have lost their jobs. Chin Hei Leung | Lightrocket | Getty Images Walmart already has a huge U.S. footprint. But the retail
Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. Dado Ruvic | Reuters GlaxoSmithKline on Wednesday lifted its long-term outlook following the smash-hit launch of its new RSV vaccine. The shot targeting the severe and in some cases life-threatening virus booked around £1.2 billion, or $1.5 billion, in
The U.S. Department of Education says it recently updated a key part of the new Free Application for Federal Student Aid formula, but, as a result, colleges won’t receive FAFSA applicant information until early March, instead of late January as initially estimated. “Our ‘North Star’ here is trying to make sure that students get the help they need for college,”
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for
A relatively new way cyberthieves steal wealth is by taking over the identities of people after they die, an act known as ghosting or ghost hacking. Anecdotes and some news reports indicate incidents of ghost hacking are increasing rapidly. There are many variations of the crime, but the main approach used by the crooks is
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A worker carries bananas inside the Walmart Supercenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP Walmart announced a three-for-one stock split on Tuesday as the retailer’s shares sit just below their all-time high. The company said the additional shares will be payable
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker’s
Hiraman | E+ | Getty Images It wasn’t so long ago that workers had the power to “quiet quit” or join the great resignation. That is no longer quite so easy. Some laid-off employees report they are having a hard time in their job search or making it through hiring processes. In fact, 55% of
Chinese Minister of Public Security Wang Xiaohong (C) announces the launch of the U.S.-China Counternarcotics Working Group next to U.S. Deputy Assistant to the President and Deputy Homeland Security Advisor Jen Daskal (center L) at the Diaoyutai State Guesthouse in Beijing on January 30, 2024. Ng Han Guan | Afp | Getty Images BEIJING —
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images The bombshell, 200-page Delaware court ruling Tuesday ordering Tesla to undo its massive $56 billion compensation
Daughter is in her late 50s, with a difficult mother who is in her mid 80s. Daughter’s mother, V, has always been “kind of nutty” as Daughter describes her. They were semi-estranged for years but not entirely out of contact, with Daughter living in a different state. One day, Daughter got a call from V’s
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT A Starbucks coffee cup sits on a table at one of the coffee chain’s locations in Miami, Florida, on June 11, 2021. Joe Raedle | Getty Images News | Getty Images Starbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectations as
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft will report fiscal second-quarter earnings after the market close on Tuesday. Here’s what analysts polled by LSEG, formerly known as Refinitiv,
Travelcouples | Moment | Getty Images Jan. 30 is National Plan for Vacation Day — and travelers mapping out their next excursion have a few reliable money-saving hacks at their disposal. Total travel costs — including airfare, hotels, rental cars, dining out and entertainment — are down an average 2% in the past year, according
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images Immediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small piece of wording that could unlock the future of
IRS Commissioner Danny Werfel testifies during the Senate Finance Committee hearing on the fiscal 2024 IRS budget and the IRS’ 2023 filing season, in the Dirksen Building in Washington, D.C., on April 19, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images As the tax season kicks off, Congress is still negotiating a $78
The world is in the midst of a profound demographic transformation as countries in Europe, North America, and parts of Asia grapple with the potent combination of an aging population and declining birth rates. Meanwhile, countries in other parts of the world, such as Africa, are seeing their populations surge. The New York Times documented
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT A United Parcel Service truck searches for a house driving along the coast of Cape Cod on July 24, 2023 in Orleans, Massachusetts. Robert Nickelsberg | Getty Images UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and
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