Investors were disappointed with the Federal Reserve’s surprise interest-rate cut Tuesday, reversing the previous day’s massive rally to send U.S. stocks down sharply. The Dow Jones Industrial Average DJIA, -2.94% …Read More »
Getty Images Consumer spending — the engine of the U.S. economy — has been pretty good in the past year. But can it keep up if the COVID-19 illness continues to spread? The numbers: Americans bought more new autos in January and spent more on food and hotels, but …Read More »
As the Dow Jones Industrial Average is in the midst of what could be its worst weekly decline since the financial crisis amid concerns regarding the spread of the COVID-19 coronavirus, many of the companies that make up the Dow Jones Industrial Average are preparing for potential workplace disruptions. As …Read More »
I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off. Can I afford to retire?
Hello Catey, I am a 53-year-old woman who is looking to retire within the next 18 months. I currently have a home that is paid for, which I plan to use as a home base. Outside of that home, my assets are $150,000 in cash savings and $1.4 million in …Read More »