business news

Inflation causes 54% of adult trimming or stopping retirement savings

Brandon Bell | GettyImages ‘Make a plan’ to replenish your retirement account If rapidly rising prices have interfered with your ability to save for retirement, it’s important to try to get back on track with savings as soon as you can, experts say. “Make a plan now about how and when you’ll do it,” said …

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Avoiding retirement account required minimum distribution mistakes

Kemal Yildirim | E+ | GettyImages You’ve got about a month left to make sure you get it right when it comes to mandatory withdrawals from retirement accounts. Required minimum distributions, or RMDs as they’re called, are annual amounts that must be withdrawn beginning in the year you reach age 72 — up from age …

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The difference between this comeback and the market’s last failed bear market bounce

A 17% S & P 500 surge off a new bear-market low in a market drenched in stagflation panic? Be there. Such a rally rushing up to the index’s 200-day average alongside retreating bond yields, the Volatility Index cracking below 20 and hopes the Federal Reserve would soon ease up on its tightening? Done that. …

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AWS faces cost-sensitive customers at Reinvent as economic fears mount

Amazon Web Services has been the biggest growth engine for its parent company over much of the past decade, taking business from some of the largest tech vendors in the world. But as corporations face the most daunting economic environment since the 2008 financial crisis, those massive checks they’re writing to AWS for their tech …

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Celsius users with crypto collateral stuck turn to bankruptcy process

Alan Knitowski holds an MBA, has worked in technology and finance for over 25 years, and is CEO of a mobile software company that trades on the Nasdaq. That didn’t prevent him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoin …

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The Fed’s path to a ‘Goldilocks’ economy just got more complicated

A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | GettyImages As far as jobs reports go, November’s wasn’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot wage reading that was twice what …

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Expect more choppiness ahead after a week of mixed market signals

All the major stock averages closed higher for the week thanks to a Friday afternoon rally that pulled the Dow Jones back into positive territory. Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. Most important, perhaps, was commentary from Federal …

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