The Markets Despite drops in consumer confidence, import and export prices, crude oil inventories, and producer prices, the stock market rallied at the end of the week to post positive gains across the board lead by the S&P 500, which closed at an all-time high. However, the biggest gainers for the week were the Nasdaq […]
In recent years, data breaches at major retailers have increased across the United States. As a way to counteract these data breaches, many U.S. credit-card companies have started implementing a more secure chip-card technology called EMV (which is short for Europay, Mastercard, and Visa).
It depends. Federal law provides consumers with protection against most unauthorized credit- and debit-card transactions. Under federal law, consumer liability for unauthorized credit-card transactions is limited to $50. However, many banks and credit-card companies offer even more protection for credit cards in the form of “zero liability” for unauthorized transactions.
You raised them, helped get them through school, and now your children are on their own. Or are they? Even adult children sometimes need financial help. But if your child asks you for a loan, don’t pull out your checkbook until you’ve examined the financial and emotional costs. Start the process by considering a few […]
During your working years, you’ve probably set aside funds in retirement accounts such as IRAs, 401(k)s, and other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings into an ongoing income stream that will provide adequate income throughout your retirement years.
The Markets Buoyed by generally encouraging labor data, leading equity benchmarks enjoyed a major rally on Friday, overcoming an otherwise sluggish week. While the Dow’s gains exceeded those of the S&P 500, both indexes outperformed the Nasdaq. After dipping below 18000 during the week, the Dow closed at 18191, up .93% from the previous week, […]
The Markets Although May Day brought a rally in stock markets across the board, it wasn’t enough to wipe out the week’s losses. Several earnings reports and a disappointing GDP reading dampened the fervor that drove markets to new highs a week prior, while a Fed announcement fueled speculation about a June interest rate hike. […]
The Markets At long last: Proverbial corks were flying last week as the Nasdaq finally broke its 15-year-old record, set in March 2000, to close the week at 5092.08. The 3.25% weekly jump was driven largely by earnings reports from several large technology stalwarts. The S&P 500 also posted a new high, as indexes other […]
The Markets Investor fears returned with a vengeance on Friday, as markets tumbled across the globe. Domestic indexes were down 1% or more for the week, while the Global Dow fell nearly a quarter percent. The yield on the 10-year Treasury fell to 1.87%. Observers attributedFriday‘s stock market losses to a series of lackluster earnings […]