Investing

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019. Andrew Harrer | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Federal Reserve Chairman Jerome Powell said on Wednesday that
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AutoZone, Inc. (AZO) shares rose nearly 7% during Tuesday’s session after the company reported better-than-expected first quarter financial results. The stock has more than doubled since July 2017, and CEO William Rhodes believes that the company will see sales growth moving forward at a rate that is higher than historical levels. Revenue rose 5.7% to
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Insurance is such a presence in our everyday lives that it’s hard to imagine a time without it. But throughout much of our colonial period, that’s just what Americans did. Insurance arrived on the American landscape just about the same time the idea of a single nation—the United States—began to form, and it was ushered
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A 401(k) plan is one of the most valuable investment vehicles for retirement planning. Individual 401(k) plans are typically sponsored by an employer and are a part of employee benefit programs. Large companies often set up 401(k) vehicles to help employees plan for retirement and offer employer-matched payments in addition to the salaries they provide.
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Market Moves Stocks closed higher in response to a surprisingly strong result in the Non-Farm Payroll report. The monthly data point drove broad market indexes 1% higher on the day and brought them near to last month’s historic highs. The S&P 500 (SPX) closed 0.9% higher, while the Nasdaq 100 (NDX), Dow Jones Industrial Average
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Warren Buffett is undeniably the most closely watched, highest-profile investor in modern history. After all, no one boasts a superior track record of outperforming the S&P 500 Index, than he. Not surprisingly, investors relentlessly clamor to match his success by analyzing his portfolio, hoping to absorb even a tiny morsel of Buffett’s investment genius. Despite
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Market Moves Stocks closed slightly higher in a trading session that featured slightly more selling than buying. The S&P 500 (SPX) and Nasdaq 100 (NDX) closed with a two-tenths percent increase, while the Dow Jones Industrial Average (DJX) and the Russell 2000 (RUT) managed half that amount. These lackluster moves are a bit surprising considering
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Statistics indicate that a growing number of 401(k) plans in America are either housed entirely inside a variable annuity contract or offer the annuity as an investment alternative. However, this practice has been the source of debate among both financial professionals and regulators for many years. There are many pros and cons for employers to
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Defined-benefit retirement plans, or pension plans, are called “defined benefit” because both the employer and employees know in advance the formula that will be used to define and set the benefit payout. It’s important to understand how your pension vests because the vesting schedule determines when you are eligible to receive full pension benefits. Pension
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Yes, you can obtain dental coverage through the Patient Protection and Affordable Care Act, also known as Obamacare. You can use the federal health insurance marketplace at healthcare.gov to find and compare dental plans available in your area and to enroll in one if you choose. Generally, you will actually go to your own state’s
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You might think you know how much you have saved for retirement and whether you’ll get money from Social Security or a pension. However, do you know how that money will be taxed? The sources of your retirement income and how much retirement income you draw each year will determine your taxes in retirement. And
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Recessions are nasty times. Many people suffer economically and even more worry that they might, too. But for a select group of professionals, a recession may actually be an opportunity to thrive and grow. Here are some of them. Accountants No matter what the economy is like, both people and businesses have to pay taxes
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That first summer job is often a rite of passage for many teens. It’s the signal that you’re on your way to adulthood, and it’s also a way to money to pay for activities, save for a car, or put away cash for college. Some jobs will draw on the skills you already have. Others
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According to general equilibrium economics, a free market is an efficient way to distribute goods and services, while a monopoly is inefficient. Inefficient distribution of goods and services is, by definition, a market failure. In a free market, the prices of goods and services is determined by open competition. Producers increase or decrease production according
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