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SmartAsset
This Is How Much Retirement Income You Need to Live Comfortably
Saving for retirement is perhaps the most major financial goal every American has. But once you retire, you’ll need an adequate income to replace what you were making pre-retirement. As you might imagine, this number will vary from person to … Continue reading → The post What Is a Good Retirement Income? appeared first on SmartAsset Blog.
MarketWatch
Defamation lawsuit against Fox News, Lou Dobbs can proceed to trial
A defamation lawsuit against Fox Corp., Fox News Network and Lou Dobbs can proceed toward trial, a judge ruled Monday after concluding that a Venezuelan businessman had made sufficient claims of being unfairly accused of trying to corrupt the 2020 U.S. presidential election to be permitted to gather more evidence.
SmartAsset
Can I Apply for an Ex-Spouse’s Social Security Benefit?
Marriage can affect how you do your taxes, make money and plan for retirement. If your marriage ends, it’s important to know the rules regarding divorce and Social Security. Who’s eligible for what benefits, how much can you collect and … Continue reading → The post Social Security Rules After a Divorce appeared first on SmartAsset Blog.
SmartAsset
$750,000 Earns This Much Interest Annually
Interest is one of the most popular forms of investment return. Although it tends to generate lower returns than capital gains, interest payments are both income-generating and tend to be a safe asset class. This appeals to investors no matter … Continue reading → The post How Much Interest Can $750,000 Earn Per Year? appeared first on SmartAsset Blog.
Bloomberg
Epic Bond Collapse Is Met by a Growing Chorus It’s Time to Buy
(Bloomberg) — The worst bond rout in decades is drawing more investors to government debt, with JPMorgan Asset Management joining the growing camp of bulls.Most Read from BloombergGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesApple Ditches iPhone Production Increase After Demand FaltersAlzheimer’s Progression Slowed by Drug in Major TrialPutin’s Mobilization Hits Russia’s Economy in Its Weak SpotsRussia Declares Victory in Sham Ukraine ‘Referendums’Longer-dated sovereign notes in
Reuters
U.S. fines 16 Wall Street firms $1.8 billion for talking deals, trades on personal apps
(Reuters) -U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed by multiple lenders, is a landmark case for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), marking one their largest collective resolutions.
SmartAsset
You’ll Earn This Much Annually On $1.5 Million
Whether you’re saving to retire, or have just come into a nice windfall, knowing where to put your money to grow it is essential. There are multiple ways money can build interest, but how much interest does $1.5 million earn per … Continue reading → The post How Much Interest Can $1.5 Million Earn Per Year? appeared first on SmartAsset Blog.
SmartAsset
Should I Stop Reinvesting Dividends?
Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I’m inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog.
Reuters
UPDATE 4-Bank of England to buy 65 billion pounds of UK bonds to stem rout
The Bank of England stepped into Britain’s bond market on Wednesday to stem a market rout, pledging to buy 65 billion pounds ($69.4 billion) of long-dated gilts after a government fiscal statement triggered the biggest sell-off in decades. Citing potential risks to UK financial stability, the BoE also said it would delay the start of a programme to sell down its 838 billion pounds ($891 billion) of government bond holdings, which had been due to begin next week.
The Wall Street Journal
Intel Introduces Videogame Graphics Chips to Challenge Nvidia
Intel dominates in semiconductors at the computational heart of personal computers, but it has long ceded the market for videogaming graphics chips to Nvidia and AMD. Intel Chief Executive Pat Gelsinger on Tuesday signaled the company would re-enter that field, releasing a graphics card for gamers that is slated to be available on Oct. 12. Intel’s pitch, Mr. Gelsinger said, would be to gamers tired of paying sky-high prices for the fastest, most advanced graphics chips.
TipRanks
These 2 Stock Giants Are Flirting With a Bottom; Analysts Say ‘Buy’
Anyone following stock market trends in 2022 will be well aware of the widespread drawbacks; apart from some outliers such as energy, most corners of the market have been beaten to a pulp. The main culprits are easily identified by now; a combination of a slowing economy, rampant inflation, rates hikes to halt it, and Russia’s invasion of Ukraine and the global implications are all responsible factors. Stock market giants have not been immune either and many have seen huge chunks of their valuat
Bloomberg
Cathie Wood’s New Venture Fund Offers Access to Hard-to-Trade Assets for Just $500
(Bloomberg) — Cathie Wood’s ARK Investment Management has launched a new fund that will give almost any investor easy access to harder-to-trade assets — though with a limit to how quickly they can cash out.Most Read from BloombergGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesPutin’s Mobilization Hits Russia’s Economy in Its Weak SpotsAlzheimer’s Progression Slowed by Drug in Major TrialUS Housing Prices Fall for First Time Since 2012Everything-Selloff on Wall Street Deepens on 98
Benzinga
How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year
Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public. According to data reported by The New York Times, Trump only paid $750 in federal income taxes in 2016 and 2017 — less than the average of $819 paid by households making over $20,000 per year in 2017. Acc
Barrons.com
The U.K.’s Financial Drama Is a Test for the World
The United Kingdom is staring into the financial abyss. After new tax cuts were announced last week, the International Monetary Fund expressed skepticism and the Bank of England warned of “material risk to U.K. financial stability.” The drama is playing out in British markets, But it’s not just the U.K. on the line.
Bloomberg
China Warns Yuan Speculators They Will Lose Money in Long Term
(Bloomberg) — China’s central bank stepped up its defense of the falling yuan with a strongly-worded statement to warn against speculation, after the currency dropped to its lowest versus the dollar since 2008. Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesAlzheimer’s Progression Slowed by Drug in Major TrialPutin’s Mobilization Hits Russia’s Economy in Its Weak SpotsRussia Declares Victory in Sha
GOBankingRates
How Much Money Do You Really Need Saved To Retire at 30, 40 and 50?
Could you afford to retire before you’re 55 years old? GOBankingRates surveyed 997 Americans aged 18 and older to learn which age they would realistically like to retire. Realistically, 13% of…
MarketWatch
Medicare premiums are decreasing in 2023 – this is how much older Americans will save if they’re on Part B
Medicare beneficiaries will see their Part B premiums go down for the first time in more than a decade, President Biden said during a press conference on Tuesday. Monthly Part B premiums, which are currently set at $170.10 in 2022, will decline to $164.90 in 2023 – a $5.20 a month savings, or about $64 a year, according to the Centers for Medicare and Medicaid Services. The annual deductible for Part B will be $226, down $7 from $233 in 2022.
