The U.S. Federal Reserve is ending 2025 with a bang, delivering another rate cut for consumers amid an uncertain year for the economy. The Fed nudged interest rates lower by a quarter-percentage point on Wednesday, adding to two prior cuts in 2025. That's good news for borrowers but not so much for savers.
The stock market will have to get through a big week of economic data ahead, including jobs and inflation data. Wall Street expects that the data will confirm what investors have already suspected in recent months: Weaker jobs growth in a “no hire, no fire” environment, and sticky inflation that still has a ways to go to reach the Federal Reserve's 2% target.
Still, if the reports comes in as expected, or better yet if there's a positive surprise, they could open the door for buyers just ahead of the holidays.
Wall Street's most overbought stocks this week don't include any technology stocks, a reflection of investors continuing to flee the group in favor of more value-oriented parts of the market.
This week, investors cashed in recent gains on high-flying, artificial intelligence growth stocks, rotating instead to overlooked other areas of the market, such as financials, industrials and health care stocks that are more cyclical and sensitive to the course of the economy.
America has a talent shortage, with 40% of adults lacking basic digital skills, says a new report from JPMorganChase that bolsters the bank's recently announced $1.5 trillion U.S. investment initiative.
Ghosting is a new norm in the workplace. Employers routinely ask applicants to do multiple interviews and time-consuming test work, and are never heard from again; a survey this year from Greenhouse, a recruiting-software company, found that nearly two out of every three candidates in the United States had been ghosted after an interview.
Meanwhile, some applicants who make it through the onerous hiring process and accept jobs never show up for their first day.
If you had told me back in early-2022 that mortgage rates would go from sub-3% all the way up to 8% and stay above 6% for 3+ years I would have assumed housing prices would have fallen by now. But that's not the case, and prices are still up. Buyers, however, are fighting back.
Retirement investors should shift their focus from trying to create the perfect portfolio and spending rates to something called health-adjusted life expectancy. The simple explanation for this term is how long you will live in good health. The gap between living and living well is wider than you think.
Many retirees give into the idea that they are no longer productive members of society. Is that really true, though?
As we try to meet December's grandiosity, holiday stress can hit our finances, schedules, and families all at once. When this happens, it's easy to dump our high expectations—and blame our disappointments — on those we love the most. Gift giving is one of the clearest places this shows up for couples.
Gift-giving has in most cases gone so far over the top that it's completely unrecognizable as being “in the spirit of the season” and is now just unrepentant consumerism.
Over the past year, many Physician on FIRE articles resonated with our readers. Some touched a nerve, while the comment sections of others became places where physicians felt seen and perhaps even found solace in talking to their fellows.
This week's Throwback Thursday digs into the vault to revisit wealth from every angle.
