China cuts mortgage rates by record amount to help struggling property sector
China made its biggest ever cut to mortgage rates on Tuesday, as the authorities try to support the struggling property sector, though the response from stock markets was muted. The People’s Bank of China said that the country’s lenders would reduce their five-year loan prime rate (LPR) by 25 basis points to 3.95%, a bigger […]
Walmart (WMT) Q4 2024 earnings
A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the U.S. economy. Here’s what Wall Street analysts expect, according to […]
How to make sure you pay a fair price for the financial advice you need.
When shopping for a financial planner, it’s natural to ask, “How much do you charge?” If you expect a simple, one-sentence answer, think again. There are many ways that advisers get paid and it can get complicated. Their fee structure reflects the type of practice they want to run and the business model that reinforces […]
Trump’s sneakers are already going for up to $45,000. Can they hold their value?
Former president and 2024 Republican contender Donald Trump may potentially be in the hole for $355 million after losing his latest court case. But his newly announced line of Trump-branded sneakers is proving to be a financial hit, at least in the short term. Now, the question remains if the shoe will be a long-term […]
Goldman Sachs ups S&P 500 target to 5,200, with heavy lifting from Big Tech
A previous version of this article incorrectly listed Netflix as one of the Magnificent Seven stocks instead of Amazon. Just days ahead of potentially pivotal results from Nvidia Corp., Goldman Sachs has lifted its year-end S&P 500 target to 5,200, but with much of that hinging on Big Tech’s ability to keep delivering strong profits. […]
Disney star Bridgit Mendler launches satellite startup Northwood Space
Actress and singer Bridgit Mendler attends NBCUniversal’s after party for the 72nd annual Golden Globes Awards at The Beverly Hilton hotel in Beverly Hills, California, on Jan. 11, 2015. Paul Archuleta | Filmmagic | Getty Images Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data […]
If retirement is all about money, you might not be ready to stop working
Not only is retirement readiness different for each individual, not many of us are even able to describe what that actually looks like. Successful retirement planning requires a multi-layered exploration of our wants, needs, financial anxieties and risk tolerance, along with sensitivity to what we really mean in addition to what we actually say. There’s […]
Nintendo shares slide on report that Switch successor will be delayed until 2025
Shares of Nintendo Co. slumped in Tokyo trading Monday after Bloomberg News reported the company will delay its next-generation videogame console until 2025. Bloomberg reported that Nintendo 7974, -5.84% told some of its game-publishing partners that the successor to the Switch console will not be released until March 2025, at the earliest. It had been […]
Is the stock market open on Presidents Day? Will the post office deliver mail?
It’s time to say hail to the chief. Presidents Day honors those who have held the office of U.S. president, although it originally marked the birthday of our first president, George Washington (and is still designated as Washington’s Birthday on the federal calendar). It’s always observed on the third Monday in February, which this year falls on […]
EU regulators reportedly will fine Apple more than $500 million in antitrust probe
European regulators are reportedly set to slap Apple Inc. with a fine of more than $500 million, saying the tech giant unfairly hindered its music-streaming rivals. The Financial Times and Bloomberg News reported Sunday that European Commission antitrust regulators are preparing to impose a roughly $500 million euro ($539 million) fine against Apple AAPL, -0.84%, […]
