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Markets

‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city […]

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Economy

Coronavirus committee: Meat companies lied about impending shortages and put workers at risk

New York CNN Business — At the height of the pandemic, as the coronavirus infected tens of thousands of meat industry workers and caused hundreds to die, executives at the nation’s largest meat producers were aware of the transmission risk in their plants and successfully lobbied the Trump White House and the USDA to circumvent […]

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Business

White House struggles for answers on infant formula shortage

After announcing a series of limited steps the Biden administration is taking to address the shortage, White House press secretary Jen Psaki on Thursday could not clearly answer queries from CNN’s MJ Lee about the federal government’s guidance for concerned parents who cannot find formula to feed their children . Asked what a parent who […]

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Personal Finance

6 questions to ask your financial adviser right now as stocks continue to tumble and viral baby-formula thread shows why moms can’t just breastfeed their way out of a shortage

Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees […]

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Business

Matt Damon crypto commercial: How much you would have lost if you invested then

Remember when Matt Damon told you, “Fortune favors the brave”? Well, Twitter TWTR, -2.19% users do, and many of them are bringing up the viral Crypto.com ad, while prices for cryptocurrency like bitcoin BTCUSD, +1.26% and ether ETHUSD, -4.69% are slumping, and crypto exchange platforms like Coinbase COIN, +8.90% are losing billions in market cap. […]

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Business

Federal Reserve Chairman Jerome Powell confirmed by Senate for a second term

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images As he and his colleagues engage in a […]

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Markets

Twitter market cap has dropped to $9 billion below Musk purchase price

The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 3, 2022. Brendan Mcdermid | Reuters As Elon Musk pursues ownership of Twitter, shares of the social media company are dropping, suggesting some concern among investors that […]

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Economy

Alphabet CEO Sundar Pichai: CNBC interview

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told […]

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Markets

Opinion: The S&P 500’s charts are pointing to more stock-market losses

This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February […]

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Economy

Biden blames Russia’s war in Ukraine for food supply shortages and price hikes

“America is fighting on two fronts,” Biden said during a speech in a barn in Kankakee, Illinois. “At home, it’s inflation and rising prices. Abroad, it’s helping Ukrainians defend our democracy, and feeding those who are left hungry around the world because Russian atrocities exist. … And the American farmers understand Putin’s war has cut […]