Fate of postelection stock-market rally may be in the hands of bond traders
Stock investors absorbed a sharp midweek, postelection spike in Treasury yields and sent equities to record highs on Friday. Now the question is whether they can endure a further climb in market-based rates in the months and years ahead after incoming President Donald Trump takes office.
‘It’s a very ugly American trait’: I cried foul when basic-economy passengers grabbed premium-economy seats. The airline has finally shown me respect.
“That woman and her mother were selfish and self-interested, and believed that they were entitled to get those seats.”
Flaws of the Medicare Advantage ‘quality’ ratings exposed in insurance-company lawsuits
Lawsuits raise questions about the validity of the star ratings system.
I inherited $200,000. One of my daughters is married with kids, but the other has debts. Do I split my windfall 50/50?
“She has incurred a lot of debt due to the financial strain of a sick pet, a car loan, student loans and an unpaid military home loan.”
I’m 67, married and have two mortgages worth $660,000. Should I use my 401(k) to pay them off?
“I want to have $6,000 a month in cash to live comfortably and travel upon retirement.”
Mortgage rates surge on Trump victory, housing stocks to fall
President-elect Donald Trump’s victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing. The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this […]
Is the stock market open on Veterans Day? Will the post office deliver mail?
The Nov. 11 holiday, which honors those who have served in the military, dates back to the end of World War I.
‘Wicked’ marketing takes over retail ahead of theatrical debut
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal’s “Wicked.” Universal “Barbie” painted the town pink in 2023, and now “Wicked” is upping the ante by adding a splash of green. Universal‘s theatrical retelling of the famed Broadway musical is creating buzz ahead of its Nov. 22 release with hundreds of merchandise […]
How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.
The company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen,” its CEO said.
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been […]
