This is the ‘Jay Leno rule’ of saving money. You don’t have to be rich to do it

This is the ‘Jay Leno rule’ of saving money.  You don’t have to be rich to do it

Comedian Jay Leno Getty Images/iStock Comedian Jay Leno has openly shared that while collecting two salaries — one from his ‘Tonight Show’ hosting gig and one from the 150 annual comedy shows he’d appear in — he never spent any salary of his ‘Tonight Show’ and instead only spent what he made doing stand-up. “I’d … Read more

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things … Read more

Here’s exactly how much Americans have in savings at every age — and (yikes) here’s what they should have

Here’s exactly how much Americans have in savings at every age — and (yikes) here’s what they should have

How much savings you need Getty Images/iStockphoto No matter your age, savings is a necessity. But depending on your age, the amount of savings you will need to change according to life stages and your overall financial landscape. One overarching rule of thumb is that you should — even in times of high inflation — … Read more

Fuel cell-powered truck maker Hyzon’s stock suffers record plunged after accounting questions raise delisting fears

Fuel cell-powered truck maker Hyzon’s stock suffers record plunged after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were a record plunged toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of suffering,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, including … Read more

Block stock drops after earnings, as Square’s parent company swings to a loss

Block stock drops after earnings, as Square’s parent company swings to a loss

Shares of Block Inc. fell 7% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, -2.02%, which somewhat recently changed its corporate name from Square, posted a … Read more

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, … Read more

I hired a financial planner, but they’ve already lost $70K. What should I do?

I hired a financial planner, but they’ve already lost K.  What should I do?

Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial planner. But in seven months, they seem to have lost $70,000 of my money. How do I know if they’re making sound investments? … Read more

AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls

AMC announces special dividend in the form of ‘Ape’ preferred shares;  stock falls

AMC Entertainment Holdings Inc.’s stock fell by more than 10% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after it … Read more

How one investor applied the lessons of the meme stocks frenzy to blockchain and NFTs

How one investor applied the lessons of the meme stocks frenzy to blockchain and NFTs

Almost two years ago, during the first winter of the COVID pandemic, Roman Tirone was introduced to the world of meme stocks. “I think I had a couple of friends reached out about them to me and I took a look,” the New York City-based investor told MarketWatch. “There was a strong community that was … Read more

Keep running with the bond bulls, says Bank of America

Keep running with the bond bulls, says Bank of America

The rally in bond markets of late has been startling. Hopes grow that inflation may have peaked, and evidence of a US economic slowdown build, benchmark 10-year Treasury yields BX:TMUBMUSD10Y fell from around the 3.5% level touched in mid-June, to near 2.5% at the start of this week. A 100 basis point retreat in less … Read more