Flight disruptions linger amid winter storms, Max 9 grounding
More than 320 flights have been canceled because of a winter storm that brought snow and freezing temperatures to Denver International Airport in Denver, Colorado, on Jan. 15, 2024. RJ Sangosti | Denver Post | Getty Images Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt travel for millions of […]
U.S. stocks lower Tuesday, after no ‘rush’ from Fed official on ’24 rate cuts
U.S. stocks are turning lowering as investors weigh corporate earnings and new comments from a Federal Reserve hawk suggesting interest rate cuts could happen this year, but with no urgency on the timeline. How stocks are trading The S&P 500 fell 13 points, or 0.2%, to 4,770 The Dow Jones Industrial Average lost 188 points, […]
Goldman Sachs (GS) earnings 4Q 2023
Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts’ expectations on better-than-expected asset and wealth management revenue. Here’s what the company reported versus what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, expected: Earnings: $5.48 per share; it wasn’t immediately clear if that was comparable to the $3.51 estimate of analysts surveyed […]
Another Wall Street bank has boosted its S&P 500 target. Here’s why.
The return from a long holiday weekend is set to be a frosty one for investors, and not just that dangerous cold. Stock futures are dropping as bond yield rise, echoing Monday’s action in Europe after some hawkish regional policymaker talk. Meanwhile, former President Donald Trump’s Iowa triumph, while expected, has sparked some chatter about […]
Trump projected as winner in Iowa, but outcome in fight for 2nd still unclear
Donald Trump was projected as the runaway winner in Iowa’s Republican presidential caucuses on Monday night, while Florida Gov. Ron DeSantis was projected as coming in second place. Nikki Haley, a former ambassador to the U.N. and governor of South Carolina, was on track to finish third, and entrepreneur Vivek Ramaswamy appeared on course for […]
Lack of financial literacy hurts the young. What about older people?
We often hear how teens and young adults lack financial literacy. They may not understand investment concepts such as the power of compounding or the importance of diversification. With age comes wisdom, right? Not necessarily. Many older people — from mid-career professionals to retirees — grasp the basics of spending, saving and investing. But just […]
Why Donald Trump is unlikely to get his wish for a 2024 U.S. stock-market crash
Donald Trump is unlikely to get his wish that a U.S. stock-market crash occurs this year. I’m referring to the former U.S. president’s comments last week that he hopes the market crashes in 2024, since if he is elected in November and takes office a year from now, he doesn’t want to be another Herbert […]
For 10-year GM CEO Mary Barra, 2024 is about change and crisis
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, […]
Opinion: Why I plan on following the Colonel Sanders model for living in my 60s
I turned 60 last week, something of a milestone birthday that one could say marks my arrival into senior citizenhood and that final, quiet chapter of life. Naturally, that has led to a number of thoughts about growing old and what I’ve learned (and not learned) over the years. But mainly, it’s led me to […]
My dad wants Sallie Mae to release him as cosigner on my $153,000 student loan
I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced. My […]
