Investing
Retirement dreams are built on the foundation of financial security, and for many Americans, Social Security benefits are the cornerstone of that security. However, many retirees are surprised to learn that their Social Security benefits may be taxed,
» Read more about: These States Don't Tax Social Security Benefits in 2025 »
President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very soon.” The problem is that Powell still has 11 months left until the end of his term.
Trump remains frustrated as ever with the Fed because it has not yet lowered interest rates.
Investing
The Dogs of the Dow is a well-known strategy first published in 1991 by Michael Higgins. The plan aims to maximize investment yields by purchasing the 10 highest-yielding dividend stocks from the Dow Jones Industrial Average each year.
U.S. stock futures climbed early Friday as investors embraced signs of progress on trade with China and bets that the Federal Reserve may begin cutting interest rates as soon as July. Markets are shaking off spring volatility and inching toward record territory.
As of this AM:
The S&P 500 is just 0.1% away from its all-time intraday high of 6,147.76,
» Read more about: Stock market today: Wall Street rallies on China trade deal, rate cut bets »
Jun 27, 2025 4:58 PM IST
The German government is examining measures that could help it stop a potential sale of the Nord Stream 2 pipeline after speculation emerged earlier this year over reviving pipeline gas deliveries from Russia.
Question: I’m 58 and unexpectedly inherited $650,000. Does this change my retirement timeline?
Answer: You’re not alone! In the coming years, $105 trillion in wealth is expected to change hands as older Americans pass on inheritances to their loved ones, according to projections from Cerulli.
You worked hard for your retirement, made careful financial decisions, and trusted that the advice you received about your pension was in your best interest. But what if it wasn’t? Pension mis-selling is becoming a serious issue, especially for people nearing retirement or already drawing down their funds. It often comes disguised as “expert” advice,
Personal Finance
Building a relatively defensive dividend portfolio that yields $10,000 per month doesn’t have to be difficult. But those seeking such a colossal monthly income stream are going to need a massive amount of capital.
A trader works on the floor of the New York Stock Exchange in New York City. File photo: VCG
The US economy posted its first contraction in three years, data from US Bureau of Economic Analysis (BEA) showed on Thursday (US time). Chinese and foreign experts said the latest data is a further indication of the damage of the tariffs imposed by the US administration that has on the US economy,
» Read more about: CNBC Daily Open: Wall Street is chill, cheeky and cruising »