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Betting on the Kentucky Derby? Here’s how to think like a professional handicapper.
This year’s race, on May 4, marks the 150th edition of the Run for the Roses.Business -
Job gains were decent in April. But here’s what Biden really has to worry about.
Voters continue to say they are mostly concerned about inflation.Business - Joe Biden -
SEC charges firm that audits Trump’s social-media company with ‘massive fraud’ affecting hundreds of filings
The regulatory agency said that hundreds of audits done by BF Borgers CPA PC contained “deliberate and systemic failures” that included false documentation to make it appear its reports complied with standards set by the Public Company Accounting ...Business -
‘I live in a slum’: My ex-husband knocked down, then rebuilt my home and left it in foreclosure. Now he refuses to pay alimony.
“He woke one morning and announced he was done.”Business -
Tempted to sell your retirement-account stocks in May? So are we — but here’s why we don’t.
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.Business -
His daughter whispers, ‘Where are your paychecks?’ in his ear. My stepfather is in a nursing home with dementia. How can my mother and I protect him?
“My mother has a durable power of attorney for Sam’s healthcare and is his primary representative. No one has financial POA.”Business -
My late aunt gave her husband a life tenancy in her home — but her attorney won’t even let us see the will. Is this a bad sign?
“When she died, we were told by her attorney that we were responsible for the taxes and property insurance during the time when the life tennant lives in the home.”Business -
‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?
“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”Business -
My mother-in-law died. My husband, her executor, did not file a will or open probate. What happens if we sell the house?
“The home was willed to her son with the provision that he paid his sisters a percentage of the home’s value.”Business -
‘I see my greedy in-laws as misogynists’: I was a stockbroker in the 1980s and always kept my money separate from my husband’s. Is such self-protection justified?
“The biggest surprise when we got married was that my husband’s family saw me as a paycheck, even though they are all educated.”Business -
First loan under Biden’s transit-oriented development push goes to town north of Seattle
Despite initial hiccups, interest is “growing very fast” for loans, says Build America Bureau executive director Morteza Farajian.Business - Joe Biden -
Peacock raising prices by $2 a month ahead of Summer Olympics
Peacock is raising prices again, a year after its last price hike and just in time for the Summer Olympics.Business -
Bitcoin’s price stable after fourth ‘halving’. Here’s what investors need to know.
Bitcoin’s latest “halving” — the fourth in the cryptocurrency’s history — is now complete. And while the token’s prices are off their highs from earlier in the day, there doesn’t seem to be much of a reaction — at least, not yet.Business -
An investment club helped this woman retire at 60 — even after her employer cut her pension
“One thing I always wanted to have was financial freedom.”Business -
Apple’s stock was the Dow’s biggest winner this week — for the first time since November
Apple Inc.’s weekly stock gain wasn’t too much to write home about in the absolute, but it was good enough to be the largest in the Dow Jones Industrial Average.Business -
Esprit in talks with private-equity firm for potential investments
Esprit is in talks with an international private equity firm regarding prospective investments as the fashion retailer struggles with its European business, which saw some of its units declaring insolvency.Business -
Trump might block — or allow — marijuana’s reclassification, but it’s a ‘close call’
While President Joe Biden’s re-election campaign is widely expected to get a lift from his administration’s push to reclassify marijuana as a less-dangerous drug, it’s not as obvious where presumptive Republican nominee Donald Trump will end up on ...Business - Donald Trump -
Paramount CEO Bob Bakish is stepping down, to be replaced by 3 executives
Media and entertainment giant Paramount Global on Monday said that Chief Executive Bob Bakish was stepping down and would be replaced by a three-person office intended to help “materially streamline operations.”Business -
Elliott Management builds large stake in Warren Buffett favorite Sumitomo: report
The activist fund has built a stake in Japanese trading house Sumitomo Corp, which counts Warren Buffett’s Berkshire Hathaway as its top shareholderBusiness -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.Business -
Netflix’s stock has worst day in two years as its ‘rite of passage’ gets panned
Other tech companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.Business - Netflix -
My late wife left me a $425,000 IRA. As it’s mostly real estate, do I need to sell the property to withdraw money? And can I pass it on to my kids?
“Can I wait 12 years before needing to start the RMD, based on my life expectancy?”Business -
Tesla’s latest self-driving push? A price cut on its FSD software.
Tesla’s FSD software is the “crux” of the bull case for the company’s stock, an analyst wrote earlier this week. Now, the company has made a move that could get more drivers to try it out.Business -
AMC’s stock registers biggest decline in a month after preliminary first-quarter results
Shares of AMC Entertainment Holdings Inc. ended Monday’s session down 11.1% as the stock registered its biggest decline since April 1, when it fell 15.6%.Business -
What tech’s choppy action means for stocks this week, according to this 20-year analysis
A sharp rally after a big loss does not necessarily bode well says this analysisBusiness -
The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives’ could complicate its case.
‘No one gets hurt’ if they can’t buy a luxury handbag, analyst says.Business -
Tesla’s stock suffers sixth straight slide as Cybertruck recall is announced
Tesla must recall nearly 4,000 Cybertruck vehicles due to potential problems with their accelerator pedals.Business -
‘If you and your money went to therapy’: Advisers now want to know about your fears, conflicts and dying wishes
Beliefs, experiences and family dynamics influence money decisions.Business -
Why Elon Musk’s latest Tesla robotaxi promise is unlikely to deliver
If anything, autonomous vehicles seem to be further away from the ultimate goal of being fully self-driving.Business - Tesla -
Does financial literacy actually make you better with money? Critics say ‘it’s not the salve that people think it is.’
The pandemic spurred new investment in financial-education programs. But some critics say it’s a shortsighted solution to the challenges we face in managing our money.Business -
GameStop stock climbs 17% for biggest gain since November, sparks memories of ‘crazy’ meme volatility
GameStop Corp. shares ended Thursday’s session up 17% as the videogame retailer and original meme stock registered its biggest daily percentage gain since Nov. 29, 2023, when it rose 20.46%, according to Dow Jones Market Data.Business -
Options traders ‘did not take Powell completely at his word’ on unlikely chance of a rate hike
Options traders continue to price in the decent possibility of another Fed rate hike, despite Jerome Powell calling such a move ‘unlikely.’Business -
AT&T’s stock is misunderstood. Here are five reasons Barclays says it can soar.
AT&T’s decisions in recent years look better than those made by rivals, according to Barclays.Business -
Puig set to launch IPO at top of price range in Europe’s top public float this year
The Spanish clothes and perfume seller is set to float itself on the Madrid stock exchange at a price of €24.5 per shareBusiness -
Texas Instruments’ stock is on the rise after strong results, guidance
Texas Instruments Inc.’s stock immediately jumped nearly 8% in extended trading Tuesday after the semiconductor company rang up better-than-expected quarterly results and guidance.Business -
Nvidia’s stock plunge leads ‘Magnificent Seven’ to a record weekly market-cap loss
The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week, which made for the group’s worst-ever weekly loss of market value.Business -
I’m doing backdoor Roth conversions, but I can only afford $200 per month. What are the pros and cons?
“I have a very good pension through work but I also want to save for retirement on top of it.”Business -
Expedia cuts outlook, as efforts to get Vrbo back on track go slower than expected
Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.Business -
Universal Music artists coming back to TikTok after licensing deal
TikTok and Universal Music Group struck a new licensing deal that will return the record label’s artists and their songs to the popular video-sharing app, ending months of disagreements over pay.Business - Tiktok -
Coursera, Chegg stocks fall after weaker guidance for both edtech companies
Shares of Coursera Inc. and Chegg Inc. fell in the after-hours session Monday after both education-tech companies guided for weaker current quarters, and Chegg also announced a CEO change.Business