Author: Press Room

In the April 2018 AAII Journal, there was an article by Meir Statman entitled “Are You Spending Too Little in Retirement?” in which Statman describes clients who continue their thrifty ways into their later years. I’ve already critiqued some of his views in “Dying Young Is Not A Retirement Plan” and “Your Children Are Not Entitled To Your Retirement Savings.” In the first article in this series, I rebuked Statman’s suggestion that you can cut loose on your spending because you likely won’t live as long as you think. In the second article, I addressed Statman’s irresponsible exaltation of giving…

A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even as home prices grew for the 133rd straight month in February, the 4.4% increase still was nothing to write home about. That’s because it was the lowest recorded since 2019. Eight states and districts recorded annual home price losses, with much of the depreciation seen in the relatively expensive West, including California, Idaho, Oregon, Washington and Utah. The recent wave of layoffs at…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Based on data compiled by Credible, mortgage rates for home purchases have fallen across all key terms since yesterday. Rates last updated on April 4, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average…

This article was coproduced with Dividend Sensei. Warren Buffett famously said to be “greedy when others are fearful.” In the last few weeks, we’ve seen the second biggest two-week crash in regional banking history. A 28% plunge that was only surpassed during the worst days of the Great Financial Crisis. I’ve been carefully monitoring the financial stress in the financial markets via the St. Louis and Chicago Fed financial stress indexes, which consist of 123 metrics. I can confirm there’s no financial crisis brewing, yet even the highest quality regional banks have gone off a cliff as if the economy…

Just days before his death on March 28 at the age of 71, Ryuichi Sakamoto used his final reserves of strength to fire off a letter to the governor of Tokyo.Japan’s most important postwar composer, a pioneer of electronic music and an exemplar of his nation’s creative prowess demanded a halt to the planned felling of hundreds of trees. It was the final stand of a man who had for decades — in life, music and collaboration — defied conformity.The threatened Jingu park sits beside the new National Stadium — the venue for the delayed and scandalised Tokyo 2020 Olympics,…

Alexandria Ocasio-Cortez reacts to Texas judge’s abortion pill ruling Rep. Alexandria Ocasio-Cortez (D-NY) explains to CNN’s Anderson Cooper why she believes the Biden administration should “ignore” a ruling from a federal judge in Texas that halted the approval of abortion pill mifepristone. Read the full article here

To the Editor:The most alarming part of this article (“What’s Ahead for TikTok,” Cover Story, March 31) is that the average American spends 90 minutes a day on this brain-rotting poison. Ban TikTok! To the Editor:I don’t understand all the hand-wringing in Washington over TikTok. If lawmakers want it out of the hands of most Americans without looking like they’re legislating against young voters, just give it time. Once millennial parents take to it, the kids will be on to something new. Paul Antico, On Barrons.comThe Facts, Please To the Editor:I think that the parties who are advocating the banning…

Terminals at the ports of Los Angeles and Long Beach remained effectively closed Friday after an absence of dockworkers at both key U.S. import hubs, raising concerns of renewed tangles in the nation’s distribution network that could lead to shipping delays and bigger disruptions to the economy. Dockworkers stopped showing up Thursday night following months of contract negotiations between the union representing the longshoreman and the terminals’ operators. The Pacific Maritime Association, the group representing terminal operators at the ports, on Friday accused those workers of taking a “concerted action to withhold labor” at those ports. The union representing those…

One week into Financial Literacy Month, the Personal Finance team at MarketWatch has prepared an abundance of articles covering various aspects of managing money. It begins with this financial literacy quiz. Chances are some of the questions will be easy for you — but you’ll probably learn something, too, and sharing the quiz with family members might spur useful conversations. There’s even a bonus question! Find more articles on the Financial Fitness page. And here’s a lesson about life and business that Apple founder Steve Jobs shared with the iPhone maker’s current CEO, Tim Cook.How to talk about money Relationship…

The numbers: Total consumer credit rose $15.3 billion in February, down from a revised $19.5 billion gain in the prior month, the Federal Reserve said Friday. That translates into a 3.8% annual rate in February, down from a 4.9% gain in the prior month. Economists had been expecting a $20 billion gain in February from the initial January estimate of $14.8 billion , according to the Wall Street Journal forecast. Key details: Revolving credit, like credit cards, rose 5% in February after a revised 12.8% gain in the prior month. That was up from the initial estimate of a 11.1%…