Thomas Barwick | Digitalvision | Getty Images Retirees have rejoined the labor force at a steady clip in recent months, attracted by a hot job market and reduced Covid health risks. This “un-retirement” trend could help increase the available pool of workers and ease the hiring challenges businesses have reported. As of April, 3.3% of
Mortgage interest rates have increased by over two and a half percentage points from their low in early 2021 to recent quotations. Higher mortgage rates have historically dampened sales of housing. Could the increased number of cash buyers make home sales less sensitive to rising mortgage rates in this cycle? Actually not. Cash buyers have
Topline With stocks on track for one of their worst years in recent history amid concerns around persistent inflation, rate hikes from the Federal Reserve and rising recession risks, top firms on Wall Street say investors should turn to defensive stocks with stable margins and cash flow that should be able to weather a bear
A new report from the nonpartisan Congressional Budget Office shows that the amount of money spent by the federal government each year to service our national debt is on track to reach unprecedented highs within the next 10 years. These findings should give Congressional Democrats renewed urgency to pass a reconciliation bill that reduces federal
India emerged as a large supplier of Covid-19 vaccines, supplying to 75 countries, including Indonesia, where a medical officer injects the vaccine AstraZeneca into a recipient in Bintan island on July 2, 2021. (Photo credit Yuli Seperi / Sijori images/Future Publishing via Getty Images India has embarked on an ambitious plan to cut dependence on
In this article DKS A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Wednesday reported results for its fiscal first quarter that topped Wall Street’s expectations, as shoppers spent money on golf clubs, soccer gear and athletic apparel
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE Stock futures were little changed in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. Futures on the Dow Jones Industrial Average shed about 25 points. S&P 500 futures were flat and Nasdaq 100 futures were marginally higher. Retail
President Joe Biden attends an Indo-Pacific Economic Framework for Prosperity launch event at Izumi Garden Gallery in Tokyo on May 23, 2022. Jonathan Ernst | Reuters President Joe Biden has said that he’ll soon be making an announcement about student loan forgiveness. In the meantime, the White House is trying to figure out what shape
A Rhode Island farmhouse that is notorious for inspiring director James Wan’s 2013 supernatural horror film The Conjuring has sold for $1.525 million. Though it wasn’t the house featured in the film, it was the actual home where the Perron family was plagued by nearly a decade of intense paranormal activity in the 1970s. The
The subject of driving for elders can get quite emotional. It is a symbol of independence and freedom. It can also be increasingly dangerous as we age. At AgingParents.com, where we consult with families of elders, we see many families with a general reluctance to bring up the topic with an aging parent. This occurs
The federal government may once again have an opportunity to learn a painful lesson about the price of increasing debt and rising interest rates in an uncertain economy. The Congressional Budget Office, in its just-issued Budget and Economic Outlook, forecasts a hair-raising increase in federal borrowing costs over the next decade. CBO estimates that net
In this article DLTR DG Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. As of midday Thursday, shares of Dollar
In this article GPS A customer lifts a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old
In this article BABA MDT WSM NTNX KHC DLTR SNOW AVGO LULU NVDA DG TWTR M A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check out the companies making
Some people can move back in with mom and dad if they have to, or at a minimum, crash on their aunt or sister’s couch until they get their priorities in order. That provides a cushion. But that was never a possibility for me. I didn’t have a strong support system growing up. I always
MoMo Productions | Taxi | Getty Images In the last decade, a surge in home prices has built considerable wealth for the middle class. Total housing wealth grew by $8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors. The coronavirus pandemic’s housing boom added even more value
Pending home sales slipped in April as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported. Only the Midwest saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index (PHSI), a
Topline With the stock market on one of its worst losing streaks in decades amid a relentless selloff that has pushed the S&P 500 nearly 20% below its record highs, recession risks are rising—but history shows that not all bear markets lead to long term downturns and stocks can often rebound over the next year.
Recent testimony in the U.S. Tax Court’s Facebook v. Commissioner trial highlighted a problem with the U.S. cost-sharing regulations, which establish valuation rules for a type of related-party intangible property transfer that has long been popular among U.S. tech giants. The issue isn’t with the underlying concepts adopted by the regs, which are solidly grounded
Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at U.S. Bank Stadium on February 4, 2018 in Minneapolis, Minnesota. Christopher Polk | Getty Images Buy, buy, buy. Pop superstar Justin Timberlake, who got his start in the boy band NSYNC, has sold the rights to his song catalog to