The Fed raised rates — retirees and near-retirees should do this

Retirees have to watch their spending, especially after the Federal Reserve’s latest rate hike announced on Wednesday. For the third time in a row, the Federal Reserve said on Wednesday it would raise the benchmark federal-funds rate – this time, by a 0.75 percentage point so that it hovers between 3% to 3.25%. Officials suggested … Read more

Opinion: This is the best country for retirees

America is a terrible place to retire. At least that’s what global asset manager Natixis reports. In its latest Global Retirement Index, we rank 18th based on “retirement security.” We’re ahead of Slovenia, Malta and Estonia, but the top rankings mostly go to Scandinavian or Germanic countries, along with Canada, Australia, New Zealand, Ireland, South … Read more

Almost 100 Facebook janitors laid off as Silicon Valley service-worker cuts continue

Nearly 100 Facebook janitors were laid off from the tech giant’s California offices Friday, two months after being told their jobs would be safe. The number of job cuts was actually supposed to be closer to 120, but about 30 janitors are being placed elsewhere, according to workers who spoke with MarketWatch as well as … Read more

Weekend reads: This may cause the next financial crisis and these are the most — and least — vulnerable housing markets if the US heads into a recession

Hi MarketWatchers. Don’t miss these top stories. Weekend reads: This may cause the next financial crisis Also, a preview of the Federal Reserve’s next moves to fight inflation and a painful warning from FedEx. Read More These are the most — and least — vulnerable housing markets if the US heads into a recession Housing … Read more

‘Home-price declines will likely continue’ as mortgage rates exceed 6%: Freddie Mac and IRS will staff up customer-service phone lines for tax season

Hi MarketWatchers. Don’t miss these top stories. Yellen: IRS will staff up customer-service phone lines for tax season, now that it has $80 billion from the Inflation Reduction Act A frustrating lack of phone service at the IRS for both taxpayers and tax preparers has been a glaring problem, experts have said. Read More Is … Read more

‘Home price declines will likely continue’ as mortgage rates exceed 6%: Freddie Mac and IRS will staff up customer service phone lines for tax season

Hi MarketWatchers. Don’t miss these top stories. Yellen: IRS will staff up customer service phone lines for tax season, now that it has $80B from Inflation Reduction Act A frustrating lack of phone service at the IRS for both taxpayers and tax preparers has been a glaring problem, experts have said. Read More Is the … Read more

Mortgage rates hit 6% for the first time since 2008, while applications fell to the lowest level since 1999 and what were retail investors doing during Tuesday’s stock market selloff? Here’s a clue: They’re ‘generally a contrarian bunch’

Hi MarketWatchers. Don’t miss these top stories. What were retail investors doing during Tuesday’s stock market selloff? Here’s a clue: They’re ‘generally a contrarian bunch’ On the whole, there’s been a ‘weakening trend’ for retail investor buying demand, analysts say. Read More Mortgage rates hit 6% for the first time since 2008, while applications fall … Read more

Is the stock market already pricing in a recession? What the S&P 500’s tumble shows.

If the US slips into a recession, what would it likely cost the stock market? That’s a key question on the minds of investors as the Federal Reserve works to dramatically raise interest rates in a bid to stamp out painfully high levels of inflation, a quest Fed Chairman Jerome Powell warned in August could … Read more

Mortgage rates hit 6% for the first time since 2008, while applications fell to the lowest level since 1999 and what were retail investors doing during Tuesday’s stock market selloff? Here’s a clue: They’re ‘generally a contrarian bunch’

Hi MarketWatchers. Don’t miss these top stories. What were retail investors doing during Tuesday’s stock market selloff? Here’s a clue: They’re ‘generally a contrarian bunch’ On the whole, there’s been a ‘weakening trend’ for retail investor buying demand, analysts say. Read More Mortgage rates hit 6% for the first time since 2008, while applications fall … Read more

What the S&P 500’s slide from its peak says about a recession

If the US slips into a recession, what would it likely cost the stock market? That’s a key question on the minds of investors as the Federal Reserve works to dramatically raise interest rates in a bid to stamp out painfully high levels of inflation, a quest Fed Chairman Jerome Powell warned in August could … Read more