Articles

M&T Bank draws downgrade on ‘mixed bag’ from lower interest rates

Wells Fargo its rating bank to underweight, based on its exposure to reduced interest rates.

Single cat ladies may be saving the world, one estate plan at a time

There’s no default estate option for charity, so if you want to leave a legacy, you have to be intentional about it.

Retail investors bought the dip in tech stocks during August’s market scare

Retail investors were aggressively buying into the market in early August, throughout the market chaos.

Pimco waves off brief yield curve move, sees no looming recession

Bond giant Pimco points to ‘daisy-chain’ reaction in markets as catalyst for brief reversal of Treasury yield curve

Terran Orbital’s stock drops as Lockheed Martin scoops up satellite maker at lower price

Terran Orbital Corp.’s stock lost more than a third of its value Thursday after the specialist in robotic manufacturing of space satellites agreed to be acquired by Lockheed Martin Corp. at one-quarter of an earlier offer for the company.

One-third of home builders are slashing prices as confidence in the market falls to 8-month low

Builder sentiment fell as mortgage rates and home prices stay elevated, the National Association of Home Builders said.

As Warren Buffett sold Apple’s stock, these funds bought in

Managers at Third Point and Soros Fund Management likely saw success with recent bets on Apple.

‘He’s taunting me’: I loaned my son $30,000 to buy a house in 2012. I need it back. He says ‘the five-year window’ for repayment has closed. What can I do?

“I live off a modest pension and Social Security. I love my house, but it needs upgrading.”

U.S. industrial output fell for first time in four months in July

Manufacturing has struggled with the high interest rates over the past year. Economists at Wells Fargo said the anticipated start of Fed easing in September should provide some breathing room for the sector but a full recovery ”remains some ways off.”

Musalem says ‘time is nearing’ for Fed to cut interest rates

The chief of the St. Louis Federal Reserve said “the time may be nearing” for the central bank to cut U.S. interest rates in response to slowing inflation.

My husband makes more money than I do. If I claim Social Security at 72, will I get more in spousal benefits? 

“My spousal benefit under his record would be substantially more than applying under my own.”

Retail sales post biggest gain in 1 1/2 years as auto sales rebound after cyberattack

Sales at U.S. retailers posted the biggest increase in July in a year and a half, but most of the gain was tied to a rebound in auto sales after dealers recovered from a nationwide cyberattack.
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