Pension support for private equity losses

Public pension funds are already reporting big losses in 2022. It’s probably going to get even uglier. That’s because the funds, which manage about $5 trillion in retirement savings for the country’s teachers, firefighters and other public workers, haven’t yet factored in second-quarter returns on private equity and other illiquid investments.

These 20 stocks in the S&P fell a staggering 21.5% in another brutal week for the market

Another difficult week for US equities ended with a fall in oil producer shares and a further decline in Ford Motor Co. due to supply shortage concerns. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6% as investors continued to worry about the Federal Reserve’s rate hikes to dampen … Read more

‘She never explained anything’: I’m an elderly person and I lost $100,000 in the stock market this year. Can I sue my financial advisor?

I am an elderly person and have suffered huge losses of $100,000 in the recent stock market turmoil. Can I sue my financial advisor? I understand the dynamics of the market to its ups and downs, and have ridden them before. However, in this time frame, things have been different with the market as far … Read more

The number of millionaires worldwide will nearly double by 2026 and the US economy is losing billions of dollars a year due to the sharp decline in the number of refugees

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is ‘biggest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. read more Which recession? The number of millionaires will almost double worldwide by 2026 And China will add more millionaires than … Read more

The number of millionaires worldwide will nearly double by 2026 and the US economy is losing billions of dollars a year due to the sharp decline in the number of refugees

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is ‘biggest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. read more Which recession? The number of millionaires will almost double worldwide by 2026 And China will add more millionaires than … Read more

You’re supposed to follow these 3 popular money rules, but then there’s the reality of life

Deposit 20% when buying a house. Do not spend more than 30% of your income on housing costs. Keep childcare expenses under 10% of your annual family income. These money rules of thumb can be helpful guardrails, helping you allocate expenses and determine what’s affordable. They can also beat incredibly if they feel unreachable. If … Read more

The Fed isn’t trying to destroy the stock market as it struggles with inflation — but it won’t come to the rescue

The Federal Reserve isn’t trying to knock the stock market down as it quickly raises interest rates in its bid to slow inflation that’s still red hot — but investors should be prepared for more pain and volatility as policymakers won’t be scared by a deeper sell-off , said investors and strategists. “I don’t think … Read more

Goldman Sachs: Why European natural gas could fall by 50%

Illustration by Elias Stein Font size Here’s a challenge to conventional wisdom, courtesy of Goldman Sachs : Europe “solved” the natural gas crisis over the winter and prices could fall by half in the next six months. Fuel costs have skyrocketed, setting records in Europe last month, just before Russia closed the Nord Stream 1 … Read more

Prepare for these questions when applying for a credit card

Applying for a credit card is usually quite simple. But it helps to know what information to provide. This way you know what to expect and you quickly know whether you have been approved. If you’re applying soon, you’ll have plenty of company. U.S. consumers filed 140 million credit card applications in the less-than-usual 2020 … Read more

Dow down 1,300 points as losses mount after August CPI reading

The Dow Jones Industrial Average fell more than 1,300 points in the closing hour of trading Tuesday as losses accelerated, led by technology stocks, while bond yields rose, keeping all three stock benchmarks on track for their worst session since at least June. an unexpected increase in August consumer price inflation. What is going on … Read more