Here’s exactly how much Americans have in savings at any age — and (yikes) here’s what they should have

How much savings you need Getty Images/iStockphoto Regardless of your age, saving is a necessity. But as you age, the amount of savings required changes depending on the stage of your life and your overall financial landscape. An overarching rule of thumb is that – even during periods of high inflation – you should have … Read more

The S&P 500 is poised to surpass that crucial level and challenge the bear market trendline

S&P 500 Index May Be Close To Earning Two Big Bullish SPX, -0.00% milestones. First, the S&P has rallied from that mid-June low to the major resistance at 4170. A two-day close above this level would be quite bullish and would set the stage for a challenge to the downtrend line that defines this bear … Read more

Pinterest stock jumps more than 20% despite missed earnings as Elliott confirms share and users stay put

Pinterest Inc. missed earnings expectations and projected lower sales than analysts had expected for the current quarter, but shares still rallied in after-hours trading as users grappled with a quarter that brought about sudden changes and an activist investor attracted. Pinterest PINS, +2.62% on Monday reported a loss of $43.1 million, or 7 cents a … Read more

‘Industry’ has a message for Wall Street bosses: watch out for the junior bankers

Many terrifying forces come together in the financial drama “Industry”: the screaming bosses, the bad market betting and the relentless pressure. But perhaps the scariest of all, at least for their superiors, are the twenty-somethings who are ready to stun their elders. Generational tensions are running high between the old guard and the hungry young … Read more

‘Industry’ has a message for Wall Street bosses: watch out for the junior bankers

Many terrifying forces come together in the financial drama “Industry”: the screaming bosses, the bad market betting and the relentless pressure. But perhaps the scariest of all, at least for their superiors, are the twenty-somethings who are ready to stun their elders. Generational tensions are running high between the old guard and the hungry young … Read more

The Fed wants to push through another big rate hike to fight inflation

WASHINGTON– Conflicting signs of the health of the US economy have put the Federal Reserve in a difficult position. With inflation raging at four-decade highs, the labor market strong and consumer spending still solid, the Fed is under pressure to raise rates aggressively. However, other signs suggest that the economy is slowing and may even … Read more

It’s the end of “fantasy land” for Big Tech and its workers

After a decade of big tech growing in unprecedented and uncontrolled fashion, building swanky palaces to house a growing workforce and offering them lavish freebies to keep them from defecting to rivals, is the wild ride over? The biggest tech companies, as well as their smaller peers, are looking to cut corners as they face … Read more

The good news on inflation everyone missed

Retirees, seniors and “widows and orphans” investors got good news from Wall Street on Tuesday. But don’t worry if you missed it because everyone else did too. The message was a double whammy. First, inflation expectations remain well below the well-loved worst-case scenario. Second, should those lower expectations prove wrong, insurance against higher inflation is … Read more

The good news on inflation everyone missed

Retirees, seniors and “widows and orphans” investors got good news from Wall Street on Tuesday. But don’t worry if you missed it because everyone else did too. The message was a double whammy. First, inflation expectations remain well below the well-loved worst-case scenario. Second, should those lower expectations prove wrong, insurance against higher inflation is … Read more

Investors are obsessing over the size of the Fed’s next rate hike. Here’s what you’re missing.

Debate smoldered over whether Federal Reserve policymakers will hike fed funds rates by three-quarters of a percentage point later this month, as they did in June, or continue their anti-inflation campaign with a full hike point —- something that hasn’t been seen in the last 40 years. Friday’s economic data, which included modest improvement or … Read more