The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors will likely be on the lookout for potential headwinds in loan growth and credit quality in the banking industry as JPMorgan Chase & Co. JPM,…
By the time you turn 65, you probably have a good feel for what health insurance does and doesn’t cover. But Medicare is a different beast – and there are some surprising things that don’t fall under Medicare’s umbrella. Medicare is the federal government’s health insurance coverage for people age 65 and older, and other…
Read More “Do you know the things Medicare doesn’t cover, and will you be able to afford them?” »
Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. In June, the Federal Reserve announced a 0.75% increase to the federal funds rate – its largest hike in almost 30 years. Increases to this rate tend to make borrowing more…
Hi! In this week’s ETF Wrap, you’ll get a look at where the money has flowed in the first half of 2022 and which areas are being fled by investors. For example, high-yield bond ETFs may wind up with their biggest outflows on record for the first six months of a year, according to Matthew…
It’s time for your teen to buy a car. You’ll want to set some ground rules. The last thing you want is to put your child into the driver’s seat of the wrong car. The best way to avoid disagreements is to set clear expectations and boundaries with your teen before the car browsing begins….
Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford. You’d do anything to help those you love. And you did. But what should you do when they don’t pay…
Read More “The rational approach you can take when a friend or family member owes you money” »
Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. Altfest founded Altfest Personal Wealth Management in 1983 after working as a general partner and director of research Lord Abbett & Co. Before that, he was an analyst for several…
If you’re a former jet-setter who hasn’t taken a business trip in years, continue to hang in there. Business travel dropped in 2020 and 2021, and it’s still not back. US hotel business travel revenue for 2022 is expected to be 23% below pre-pandemic levels, according to an April report from the American Hotel &…
Read More “Do you miss business trips? Here’s when the industry is expected to recover.” »
In an effort to improve Americans’ retirement security, Congress is working on the Secure Act 2.0 – but there’s more it can do, experts say. The House passed the Securing a Strong Retirement Act, and two Senate committees advanced their own legislative proposals focused on retirement savings – one from the Health, Education, Labor and…
Read More “The next SECURE Act: How it could better solve a retirement crisis” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us…
