After falling sharply last year, retirement account balances are bouncing back in 2023 — but there are still signs of trouble. Helped in part by improved market conditions, retirement account balances increased in the first half of the year. However, the share of participants that tapped hardship withdrawals rose, as well, according to recent reports
Koron | Moment | Getty Images Samantha Costanza went on a first date with a man she’d met on a dating app in January 2022. They got to know each other as they both sipped on hot cider because of the cold at the Brooklyn, New York, bar where they’d agreed to meet. When it
For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on those regular paychecks to meet essential living expenses, with little to no money left over. Almost three-quarters, 72%, of Americans say they aren’t financially secure
In this article 700-HK Follow your favorite stocksCREATE FREE ACCOUNT Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023. Jim Vondruska | Reuters Novo Nordisk‘s blockbuster weight loss injection Wegovy could prevent up to 1.5 million heart attacks, strokes and other
Don’t count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who’s now a University of Chicago economics professor, believes rates are staying high into well next year. “I don’t see how they can be comfortable to say, ‘okay we’re not going to be raising anymore’ if the labor market
As a new college application season gets underway, the price tag for higher education is in the spotlight. Now, above all else, students and families are concerned about the rising cost and the student debt that often goes along with it — without considering the schools with the most generous aid packages. To that end,
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Hong Kong Exchanges and Clearing reported a 31% jump in net profit for the first six months of the year, compared to a year ago — and its CEO has expressed optimism about the medium-term outlook. The strong numbers are attributed to the HKEX’s “diversification away from just the cash business” and the “tremendous” growth
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Signage for Target Corp.’s “#TakePride” initiative sits above products displayed for sale at a company store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Target CEO Brian Cornell said “negative reaction” to the retailer’s Pride merchandise hurt sales and contributed to the disappointing
A runner jogs past the Cisco Systems headquarters in San Jose, California, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Cisco Systems — Shares of the computer networking giant gained about 2.5% after posting fiscal fourth-quarter earnings that beat Wall Street’s expectations. The
Jennifer Hyman says she learned one of the most important lessons of her career as a 22-year-old intern. It’s simple, the CEO of Rent the Runway — which has a market cap of $95.93 million, as of Wednesday morning — told students at a recent Stanford Graduate School of Business event: “Be likable.” While interning
Donated clothes for those affected by the Maui fires are stored at Honokawai Beach Park in western Maui, Hawaii, on Aug. 14, 2023. Yuki Iwamura | Afp | Getty Images As the Hawaiian island of Maui struggles to recover from the deadliest wildfire in modern U.S. history, many Americans are asking, “How can I help?”
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In this article TGT TJX Follow your favorite stocksCREATE FREE ACCOUNT A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Companies. The discounter raised its full year outlook on
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images Target will report fiscal second-quarter earnings on Wednesday, as consumers send mixed messages about their willingness to spend. The discounter, which saw enormous sales gains during the
The U.K. has faced criticisms from some in the industry that it is posing barriers to its fintech entrepreneurs and forcing them to consider listings overseas. Justin Tallis | AFP via Getty Images The U.K. has created an investment vehicle to back growth-stage financial technology companies until they can go public, in a bid to
The Tuscan-style mega villa that sits high atop Malibu has just been put back on the market with a $44.5 million price tag. The residence, known as Malibu Rocky Oaks, sits on 37 acres at an elevation of 2,000 feet in the Santa Monica Mountains. At that altitude, under certain weather conditions, the house often
dowell | Moment | Getty Images If you’re sitting on profitable assets, there’s a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes. While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can also be beneficial, depending