Annuities have previously gotten a bad rap as coming with too many fees and being overly complicated. But this year, they’ve hit their stride. Annuity sales surged 22% to a record $77.5 billion in the second quarter of 2022, according to preliminary data by Limra. It’s the most money investors have poured into the assets … Read more
Yahoo Finance Presents: Larry Summers, Former US Treasury SecretaryYahoo Finance
This is where the economy is going into 2023: EconomistFox Business
The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. But the sharp upswing also prompted debate about whether investors should adjust their portfolios, pivoting away from defense plays. For the past month, growth stocks … Read more
A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $26 million. Built in 1929 by James T. Lee, the banker and real-estate investor grandfather of Jacqueline Kennedy Onassis, the building was designed by noted New York City architect Rosario Candela. The future … Read more
The Inflation Reduction Act, passed by House Democrats on Friday and headed to President Joe Biden’s desk for his signature, is the most ambitious climate spending package in US history — and households that take steps to improve their energy efficiency stand to reap financial benefits. The package would pump $369 billion into measures to … Read more
Bear markets are interesting. On one hand, nobody likes seeing their portfolio’s value drop; on the other hand, bear markets can present many opportunities for investors — especially if time is on your side. Instead of shying away from investing during these times, it can be a chance to find great stocks for much cheaper … Read more
Individual investors have waded back into the stock market after laying low through the worst of this year’s selloff. But don’t call it a comeback yet. So-called retail investors in the last two weeks have ramped up purchases of stocks and bullish call options, helping send meme stocks, such as Bed Bath & Beyond Inc. … Read more
Text size In July, the median home in the US lasted 35 days on the market. Scott Olson/Getty Images For the first time since the early days of the pandemic, homes for sale in the US spent more time on the market than the year before. It’s the latest evidence of balance returning to a … Read more
Wheat Futures Lower in All Three Markets Ahead of USDA ReleaseBar chart