Author: News Room

As yields have risen from their historic lows, many retirees ask me if they should put all their savings in T-bills. This movement even has a name: T-bill and Chill. Moving to the safety of U.S. government short-term bonds has an initial appeal for retirees. T-bills are one of the safest Investments in the world. Today, they pay more than a 5% yield, which exceeds the traditional 4% rule for retirement spending. As safe as T-bills may seem, however, removing stocks from a retirement portfolio carries significant risks. Retirees Are Long-Term Investors Retirement is a marathon, not a sprint. Even…

BUENOS AIRES (Reuters) -Argentina’s Senate on Thursday voted to reject President Javier Milei’s sprawling “mega decree” of economic reforms, a major blow to the libertarian leader’s austerity agenda as he tries to remedy the country’s ailing economy. Milei, an outsider economist whose party has a minority in Congress, took office in December and used his powers of presidential decree to roll out measures ranging from privatizations to labor reforms. The decree, which originally contained over 600 articles, was rejected in a vote of 42-25, with four abstentions, and can only be definitively discarded if it is also rejected by Argentina’s…

Clapper on Iran attack: ‘A Rubicon has been crossed’ Former Obama Director of National Intelligence James Clapper tells CNN’s Jake Tapper that Iran’s attack on Israel is a “very profound event” but believes Iran doesn’t actually want a wider war in the region. Read the full article here

Just after dark on Saturday in Tehran, the commander of the Revolutionary Guards picked up a phone and issued an order to begin “Operation True Promise” — an unprecedented aerial assault by the Islamic republic on the Jewish state. After Major General Hossein Salami read out the names of the senior Iranian military officials whose killings, in a suspected Israeli air strike on April 1 in Damascus, the guards were seeking to avenge, he chanted a verse from the Koran.“Fight them!” he said. “Allah will chastise them at your hands, and He will lay them low and give you victory…

We previously covered Verizon Communications Inc. (NYSE:NYSE:VZ) in January 2024, re-rating it as a Buy, after falling for the classic bear trap. Even then, we believed that it was impossible to time the market, especially given the extreme pessimism then. Thanks to the moderation in its capex in 2024 and subsequent improvement in its Free Cash Flow generation, we might see the management achieve its net debt to EBITDA target over the next few years, while also consistently paying out dividends. In this article, we shall discuss why we are maintaining our Buy rating, despite VZ’s impressive recovery by +28.5%…

Last updated: April 14, 2024 12:00 EDT | 2 min read The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off of digital assets. Bitcoin, the largest cryptocurrency, saw a 7.7% decline on Saturday, marking its most substantial retreat since March 2023. Although the token managed to recover some losses and was trading around $64,000 on Sunday, other major coins like Ether, Solana, and Dogecoin also suffered 24-hour losses.Iran Hits Israel in Retaliation for Syria StrikeThe attack by Iran, which involved drones and missiles, was seen as a retaliation for a strike in…

Hope Murray retired in 2013 after a 50-year career that ranged from game show producer to Hollywood party planner to casino executive. She settled into a life of golf, game nights and pickleball in her San Diego community, her daughter living nearby. Then things got more expensive. Gas was nearly $5 a gallon, medication costs were adding up, the grocery bill was increasing. So she downsized, stopped driving as much and waited longer between haircuts. But she could no longer afford some of her medications. “It got kind of scary. I needed some extra money coming in,” said Murray. So…

A more targeted forgiveness programThis time, the Biden administration has narrowed its aid by targeting specific groups of borrowers. It hopes that move will help the new plan survive legal challenges.”I think it would be easier to justify in front of a court that is skeptical of broad authority,” said Luke Herrine, an assistant professor of law at the University of Alabama, in an earlier interview with CNBC.Tens of millions of borrowers may still benefit if the program endures.The plan would forgive the debt of borrowers who:Are already eligible for debt cancellation under an existing government program but haven’t yet appliedHave…

In 2023, the median annual wage for all U.S. workers was $48,060, according to the Bureau of Labor Statistics, which means Americans in around half the states earned less than that benchmark, while workers in the other half earned more.Check out this map to see the median amount workers earn in every U.S. state:The Northeast and Western regions tend to have higher-earning populations compared with the South and some states in the Midwest.Massachusetts tops the rankings with the highest median wage of $60,690 for individual workers, while Mississippi has the lowest median wage in the country at $37,500.Here’s the median…

Economic hardship is causing more people to rely on credit to cover living expenses, and some have even maxed out their credit cards to deal with inflation and rising prices, according to a recent survey. Credit card balances surged past the trillion dollar mark in the fourth quarter of 2023. The increase in credit card debt signals that many Americans are struggling to pay for basic needs. Roughly 45% of Americans said that inflation and rising prices are why they’ve relied so heavily on credit cards, the Debt.com survey said. Nearly 9% of all respondents said they got a credit card to pay…