financial market news
- Stock Market
Facebook parent Meta is no longer one of 10 most valuable U.S. companies. Here’s what just overtook it.
Meta Platforms Inc. is furthering its descent through the ranks of the biggest companies in the U.S., this time falling…
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Why housing has ‘a lot of wiggle room’ in a recession, even if prices drop 15%
Mortgage rates that briefly touched a 20-year high this week aren’t likely to crash this U.S. housing market, according to…
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Looking for a cheap retirement spot? Europe is a good deal for Americans
I’m currently visiting London, and thanks to the turmoil on the foreign exchange markets I feel about as rich as…
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Inflation is forcing people to use up their savings in a bad sign for the economy
Turns out Americans aren’t sitting on a big pile of savings to help them endure high inflation or another recession.…
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Big selling wave in stocks makes for a buying opportunity, says Baron manager who has 20% of his fund’s assets in Tesla
Institutional investors have been clearing out of stocks. They sold $42 billion worth in the five weeks ending Sept. 21.…
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Carnival stock falls to a 30-year low as losses and revenue misses keep piling up
Shares of Carnival Corp. sank to a fresh post-pandemic low Friday after the cruise operator reported yet another wider-than-expected loss…
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A rampaging U.S. dollar just booked its strongest quarter in at least 7 years as investors search for safety
The dollar wrapped up its biggest quarterly climb in at least seven years on Friday, along with its largest four-month…
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Disney names new board member in deal with activist investor Third Point
The Walt Disney Co. announced a new board member Friday afternoon as part of a settlement with activist investor Third…
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Reset your retirement calculator now for today’s bleaker stock markets and make sure you’re still on track
When markets are down, you don’t want to look at your 401(k) statement. But with a potential “lost decade” of…
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Many young people shouldn’t save for retirement, says research based on a Nobel Prize-winning theory
Most financial planners advise young people to start saving early — and often — for retirement so they can take…
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