Only about 1 in 10 Americans understands the basics of longevity, or how long they’ll live in retirement. Can you pass the test?
Financial News
S&P 500 looks risky, may plunge 25% if something shocks system: Wilson
The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley’s stock chief says the outlook for company earnings and the economy is pretty grim. Investors have piled into Big Tech to ride out the storm, but they may still feel pain, Wilson says.
New GDP report shows an economic turnaround, but don’t be fooled
Thursday’s GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.
U.S. data brings some encouraging signs for inflation-weary Fed
Some hints that U.S. price pressures are beginning to ease even as overall inflation remains high could encourage Federal Reserve policymakers to opt for smaller interest rate increases after they deliver a fourth straight supersized hike next week.
