Your portfolio may be more tech-heavy than you think
If you own an S&P 500 index fund, artificial intelligence is already a major part of your investment strategy. In recent years, the stock market’s gains have been fueled largely by a small group of tech giants that are aggressively investing in AI. Nvidia, Microsoft, Apple, Google parent company Alphabet and Amazon — the five […]
Vietnam reciprocal tariffs reflect trade deficit and ties to China
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
How to know if a rental listing is a scam, fraud experts say
Eleganza | E+ | Getty Images It’s exciting to find a new place to rent in your neighborhood or in a new city. That is, of course, unless you get duped. In so-called rental listing scams, scammers will make up listings that aren’t available for rent or simply do not exist in order to fraudulently […]
We’re in a ‘vibecession,’ experts say. Here’s how to invest
The U.S. economy has remained remarkably strong. Boosted by a strong labor market, the country has continued to expand since the Covid-19 pandemic, sidestepping earlier recessionary forecasts even after a series of Federal Reserve interest rate increases. And yet, consumer sentiment recently sank to a six-month low. That disconnect is what Joyce Chang, JPMorgan’s chair of global research, calls a “vibecession.” […]
How to make high interest rates work in your favor
That’s not good news for people borrowing money, but it’s a great time to have savings accounts, says Ted Rossman, chief credit card analyst at Bankrate. “The biggest benefit is for savers,” Rossman says. “You can still get over 5% on a totally liquid totally federally insured savings account. The top one-year certificates of deposit […]
CPI inflation is still high. How to measure what that means for you
A customer shops at a supermarket in Tokyo on Feb. 27, 2024. Kazuhiro Nogi | Afp | Getty Images New government inflation data released Wednesday came in hotter than expected. That may not be a surprise to consumers who are still feeling the weight of higher prices. Inflation — as measured by the consumer price […]
How long should you stay at your job? How to switch strategically
A majority of Americans, 95%, said they plan to look for a new job this year, according to a January 2024 survey by job site Monster. Money is a big reason, with 45% of workers saying they need a higher income. Data from the Federal Reserve shows that job switchers increase their salaries more quickly, on average, than […]
How to prepare for shifting interest rates: 3 financial strategies
Shoppers walk with items during Black Friday deals at a Target store in Westbury, New York, U.S., November 24, 2023. Shannon Stapleton | Reuters After more than a year of dealing with rapid inflation, consumers have become numb to higher prices. But as inflation cools, experts say there are strategies that can help you weather current conditions […]