Top Financial News provided by CBS Marketwatch©
- Looking to place a wager on the Preakness? Here’s how to become a savvy bettor.The second leg of racing’s Triple Crown is set for Saturday at 6:40 p.m. Eastern time.
- ‘I don’t want to end up with stalkers’: Should I tell my heirs that I’m writing a will and how much they can expect to inherit?“Should I even let them know that there is a will in which they are mentioned?”
- ‘I racked up $45,000 in credit-card debt doing home repairs’: Should I refinance my $1.5 million house — or take out a personal loan to pay it off?“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
- ‘Our prenup stirred up resentment’: My husband, 62, lives in my home. I pay for his credit card, car loan, vacations and groceries. Now he wants to pool our assets.“He has $1.2 million invested. I have close to $5 million in investments.”
- ‘I live in a slum’: My ex-husband knocked down, then rebuilt my home and left it in foreclosure. Now he refuses to pay alimony.“He woke one morning and announced he was done.”
- ‘I see my greedy in-laws as misogynists’: I was a stockbroker in the 1980s and always kept my money separate from my husband’s. Is such self-protection justified?“The biggest surprise when we got married was that my husband’s family saw me as a paycheck, even though they are all educated.”
- ‘I’m weary of repeating myself’: How do I deal with rich friends who take $22,000 cruises and book $800 hotel rooms? Prices are crazy enough already.“When one friend made a fuss over wanting to fly business class, I threatened to cancel completely.”
- I got bitten by a feral cat and my hospital copay wiped out my savings. I’m 50, single, with no kids. Should I cash out my $12,000 life-insurance policy?“I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”
- ‘I wonder if he’s on commission’: A psychiatrist online prescribed me Prozac, punched the air in celebration — and suggested I have a beer. Is this normal?“I processed a $50 copay, and attended my appointment with the psychiatrist. It went fast, and every time I asked a question about antidepressants, he popped a medical study in the chat box.”
- ‘I got seriously burned’: My financial adviser took me for lunch, bought my kids gifts — and had me invest $500,000 in annuities. What should I do?“When I finally learned I’d been scammed, it took me a decade to pull my money out of the various annuities little by little, year by year.”
The second leg of racing’s Triple Crown is set for Saturday at 6:40 p.m. Eastern time.
“Should I even let them know that there is a will in which they are mentioned?”
“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
“He has $1.2 million invested. I have close to $5 million in investments.”
“He woke one morning and announced he was done.”
“The biggest surprise when we got married was that my husband’s family saw me as a paycheck, even though they are all educated.”
“When one friend made a fuss over wanting to fly business class, I threatened to cancel completely.”
“I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”
“I processed a $50 copay, and attended my appointment with the psychiatrist. It went fast, and every time I asked a question about antidepressants, he popped a medical study in the chat box.”
“When I finally learned I’d been scammed, it took me a decade to pull my money out of the various annuities little by little, year by year.”
Wall Street Journal Market News©
- I Took Career Advice From My Mom for Granted. Then She Died.The financial assistance would be invaluable. But I miss the emotional support even more.
- Meet Salim Ramji, Who Is Going to Oversee the Retirement Assets of Tens of Millions of AmericansThe first outsider to run Vanguard needs to win over the Bogleheads. Colleagues say he can.
- Too Big or Not Enough? China Housing Bailout Treads a Fine LineBeijing will try to provide enough support to absorb unsold apartments while not sparking a new bubble.
- Market Froth Is Getting Extreme. Just Look at Meme Stocks.When there’s a lot of money sloshing around the economy, it’s easy for new ideas to attract speculative money—and some of those ideas are just dumb
- Does Staging Your House Really Help It Sell for More Money?Demand for home stagers is rising—and so are prices.
- The Score: GameStop, Walmart, Reddit and More Stocks That Defined the WeekHere are some of the major companies whose stocks moved on the week’s news.
- Goldman Sachs, Microsoft Power Dow Industrials to 40000A broad rally across sectors leads the blue-chip stock index to new highs.
- The Next Grand Theft Auto Is a Lucrative Moving TargetTake-Two’s shifting forecasts have spawned a long waiting game, but a big payoff still likely.
- Why Utilities Are Lighting Up the Stock MarketUtility stocks are suddenly white hot, thanks largely to artificial intelligence’s thirst for electricity. Investors accustomed to thinking of the sector as sleepy and safe need to realize the game has changed.
- The Medicare Bubble Has BurstThe government health insurance program had been a gold mine for private insurers until recently.
- You Made a Mistake in Your Taxes. Now What?The rules around amending a return can get complicated. Here’s what you need to know.
- PIGS Are Flying Again. Can they Stay Aloft?Portugal, Italy, Greece and Spain are now doing better than Germany and France, in a surprising reversal of post-2011 fortunes in the eurozone. But much of it might be catch-up growth.
- Want to Make a New Friend? How Much Money Have You Got?More people are relying on gym memberships, art classes and other paid activities to develop friendships.
- Investors Are Striking Gold All OverInvestors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring.
- Dow Jones Industrial Average Tops 40000 for the First TimeThe recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.
- Federal Consumer Financial Watchdog Survives Supreme Court ScrutinyJustice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.
- A Milwaukee Couple Wants to Retire at 60. A Financial Adviser Offers a Road Map.They also want to make sure they can help their parents when the time comes.
- Money Angst? You Might Consider a Financial TherapistUnconscious beliefs and emotions can mess up how people handle their finances. The hard part is finding experts qualified to handle both money and the mind.
- AIG to Sell 20% of Corebridge to Nippon Life for $3.8 BillionInsurance giant AIG has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion.
- America Is Still Headed for a Soft LandingDon’t rule out a surprise rate cut this summer as signs of an economic slowdown are piling up.
The financial assistance would be invaluable. But I miss the emotional support even more.
The first outsider to run Vanguard needs to win over the Bogleheads. Colleagues say he can.
Beijing will try to provide enough support to absorb unsold apartments while not sparking a new bubble.
When there’s a lot of money sloshing around the economy, it’s easy for new ideas to attract speculative money—and some of those ideas are just dumb
Demand for home stagers is rising—and so are prices.
Here are some of the major companies whose stocks moved on the week’s news.
A broad rally across sectors leads the blue-chip stock index to new highs.
Take-Two’s shifting forecasts have spawned a long waiting game, but a big payoff still likely.
Utility stocks are suddenly white hot, thanks largely to artificial intelligence’s thirst for electricity. Investors accustomed to thinking of the sector as sleepy and safe need to realize the game has changed.
The government health insurance program had been a gold mine for private insurers until recently.
The rules around amending a return can get complicated. Here’s what you need to know.
Portugal, Italy, Greece and Spain are now doing better than Germany and France, in a surprising reversal of post-2011 fortunes in the eurozone. But much of it might be catch-up growth.
More people are relying on gym memberships, art classes and other paid activities to develop friendships.
Investors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring.
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.
Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.
They also want to make sure they can help their parents when the time comes.
Unconscious beliefs and emotions can mess up how people handle their finances. The hard part is finding experts qualified to handle both money and the mind.
Insurance giant AIG has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion.
Don’t rule out a surprise rate cut this summer as signs of an economic slowdown are piling up.
Saturday 