The Fed made a rare, but not unprecedented intra-meeting rate cut of 0.50 percent (to a range of 1 - 1.25 percent) on March 3. In a unanimous decision, officials said despite an economy that remains strong “the coronavirus poses evolving risks to economic activity.”
Read MoreAt the conclusion of the worst week for stocks since the heart of the financial crisis, you may be forgiven for feeling a serious case of whiplash. After all, it was just a week and a half ago when the S&P 500 index reached a new all-time high. Now the S&P, the Dow, the NASDAQ and the Russell 2000 index of small stocks have all fallen more than 10 percent from their previous highs.
Read MoreTwo back-to-back, brutal days of stock selling, which wiped out more than $1.7 trillion in value from the S&P 500, has prompted me to dust off a post that I always have handy: an investor protection plan.
Read MoreWarren Buffett released the annual Berkshire Hathaway shareholder letter with the usual fanfare, though this year the news was likely to be tough. After all, the Oracle of Omaha’s Berkshire Hathaway delivered an 11 percent return to its investors, versus the 31.5 percent increase in the S&P 500.
Read MoreHere’s some good news on the savings front: retirement account balances hit record highs in Q4 2019, according to Fidelity Investments.
Read MoreNearly two-thirds of Americans report that they are delaying traditional life milestones, like getting married and having children, in order to become more financially secure.
Read MoreThe economy added a better than expected 225,000 jobs in January and with revisions to the two prior months, the three-month average is 211,000, a strong showing for the eleventh year of an expansion.
Read MoreTensions are escalating over the spread of China’s coronavirus outbreak and how it might dent economic growth. At this point, we simply don’t know the lasting impact, but there is likely to be at least a short-term effect, which could cause ripples that are worth monitoring.
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