Tech layoffs may not bode badly for the US economy at large

10’000 hours | Digital vision | Getty Images A recent spate of layoffs in the tech sector could lead American workers to question whether their job is next on the chopping block. Evidence so far is running through that the thousands of cuts at major tech companies — Meta, Amazon and Twitter, to name a … Read more

Tech layoffs may not bode badly for the US economy at large

10’000 hours | Digital vision | Getty Images A recent spate of layoffs in the tech sector could lead American workers to question whether their job is next on the chopping block. Evidence so far is running through that the thousands of cuts at major tech companies — Meta, Amazon and Twitter, to name a … Read more

Why more workers need access to retirement savings

Labor Secretary Marty Walsh speaks during a news conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most working Americans dream of a comfortable retirement. Yet many find that their money falls short of meeting that goal when they reach their golden years. Much of the problem has to do … Read more

Saving for “Retirement”? Instead, generate income for life

Hal M. Bundrick, CFP® The investment information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell stocks, securities, or other specific investments. Let’s blow up the illusion of the New Year’s financial resolution. Instead, he sets … Read more

Here’s how a hedge fund goes against the grain and beats the markets

White shoe Boston fund managers GMO – founded by Jeremy Grantham – is turning up the lights this year with its “equity dislocation” investment strategy. This strategy, unveiled almost exactly two years ago, buys the cheapest “value” stocks and then bets against the most expensive “growth” ones. This “equity dislocation” portfolio has gained a stunning … Read more

Used car loan payments have passed a key level

Buying a used car remains expensive even as supply chain bottlenecks have eased, pushing the average loan amount to $28,506. Consumers still rely heavily on finance to purchase their cars, and the average loan amount increased 8.59% year over year, according to credit rating firm Experian. There are some glimmers of light, though. “Since the … Read more

Opinion: The S&P 500 is about to break through a level that could spell the end of the bear market

The stock market has rattled at times over the past three weeks, but Federal Reserve Chairman Jerome Powell’s statements on Wednesday pushed the S&P 500 SPX, -0.09% to jump above a technical resistance level at 4030 points. The benchmark index is now challenging the declining 200-day moving average (MA) and the trend line that defines … Read more

Opinion: The S&P 500 is about to break through a level that could spell the end of the bear market

The stock market has rattled at times over the past three weeks, but Federal Reserve Chairman Jerome Powell’s statements on Wednesday pushed the S&P 500 SPX, -0.11% to jump above a technical resistance level at 4030 points. The benchmark index is now challenging the declining 200-day moving average (MA) and the trend line that defines … Read more

How Covid has changed life insurance underwriting

Family and friends gather in San Felipe, Texas for the Jan. 26, 2021, funeral of Gregory Blanks, 50, who died of Covid-19. Callaghan O’Hare | Reuters As Americans prepare for the third winter of the Covid-19 pandemic, many are still grappling with ongoing health and financial woes, including insurance battles over lengthy Covid treatments and … Read more

Vacation Survival Strategies from 5 Financial Educators

Kimberly Palmer For Ryan Decker, surviving the holiday shopping season means planning ahead. In fact, if he sees a gift in March for one of his two young children, he’ll buy it, instead of rushing through the shopping list in December. “It greatly eases the burden,” she says, making December bills more manageable because it … Read more