Financial Services

US Treasury sweetens the pot on I-bonds by adding a fixed rate

US Treasury sweetens the pot on I-bonds by adding a fixed rate

After record-breaking sales of I-bonds in October, the US Treasury is dangling another good deal in front of savers for the next six months. Starting Nov. 2, when I-bonds will be available again after site maintenance at TreasuryDirect.gov, the inflation-adjusted annualized rate will be 6.48%, down from 9.62%. But there will also be a 0.4% …

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Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023

Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023

If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a lot of money and are close to retirement age, you have savings options that go way beyond the levels of the typical workplace 401(k) plan. …

Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023 Read More »

Blackstone, Emerson Electric Strike $14 Billion Buyout Deal

Blackstone, Emerson Electric Strike $14 Billion Buyout Deal

Emerson Electric Cho. EMR 1.76% is selling a majority stake in its climate-technologies business to Blackstone Inc. BX 0.68% in a transformational deal for the industrial company that would value the unit at $14 billion including debt and mark the biggest private-equity buyout in months at a time when such activity has been choked off …

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Americans think they need $1.25 million to retire.  Is that even enough?

Americans think they need $1.25 million to retire. Is that even enough?

Americans think they need $1.25 million to retire comfortably, new research suggests, but while that number may seem hefty — it still may not be enough. A study from Northwestern Mutual released this week found that US adults anticipate they will need $1.25 million to retire comfortably, a 20% rise since 2021. That comes as …

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Visa beats on earnings and boosts dividend by 20%

Visa beats on earnings and boosts dividend by 20%

Visa Inc. topped earnings expectations for its latest quarter Tuesday as the payments giant continued to call out strong consumer spending trends. Payments volume at Visa V, +1.92% grew 10% in the fiscal fourth quarter, while processed transactions increased 12%. Visa’s revenue rose to $7.79 billion from $6.56 billion and came ahead of the FactSet …

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Why stock-market investors fear 'something else will break' as the Fed attacks inflation

Why stock-market investors fear ‘something else will break’ as the Fed attacks inflation

Some investors are on edge that the Federal Reserve may be overtightening monetary policy in its bid to tame hot inflation, as markets look ahead to a reading this coming week from the Fed’s preferred gauge of the cost of living in the US “Fed officials have been scrambling to scare investors almost every day …

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Dow jumps almost 750 points as stocks end higher, bond yields fall after reports Fed may shift to smaller rate hikes after November

Dow jumps almost 750 points as stocks end higher, bond yields fall after reports Fed may shift to smaller rate hikes after November

US stocks closed sharply higher Friday as investors weighed a story from the Wall Street Journal and comments from Federal Reserve officials suggesting that the central bank might shift to smaller interest-rate rises after its November meeting. Investors were also coping with intraday volatility in stocks as around $2 trillion in notional value of options …

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WSJ News Exclusive |  Elon Musk's Twitter Takeover Debt to Be Held by Banks Amid Turbulent Markets

WSJ News Exclusive | Elon Musk’s Twitter Takeover Debt to Be Held by Banks Amid Turbulent Markets

Banks that committed to help finance Elon Musk’s takeover of Twitter Inc. plan to hold all $13 billion of debt backing the deal rather than syndicate it out, according to people familiar with the matter, in another blow to a market that serves as a crucial source of corporate funding. Twitter could have the dubious …

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Why the housing market should brace for double-digit mortgage rates in 2023

Why the housing market should brace for double-digit mortgage rates in 2023

Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate would still climb to 10%, according to Christopher Whalen, chairman of Whalen Global Advisors. That’s because the Fed’s torrid pace of rate increases in 2022 takes time to seep back into mortgage rates, especially with …

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