U.S. stocks mostly shook off early losses to trade higher Wednesday, though technology sector stocks remained lower, after Democrats scored at least one U.S. Senate seat in run-off elections in Georgia Tuesday, bringing the possibility of regulation and higher corporate taxes. How are stock benchmarks performing? The Dow Jones Industrial …
Read More »: Warnock wins Georgia Senate race, AP projects, as second runoff goes down to wire
Raphael Warnock won one of two Senate runoffs in Georgia early Wednesday, according to the Associated Press, bringing Democrats a seat closer to a Senate majority. The AP called the race for Warnock over GOP Sen. Kelly Loeffler at about 2 a.m. Eastern. Results were continuing to come in from …
Read More »FA Center: Why focusing on short-term results can short-circuit your investments and financial advice
Now is when investors need to be especially vigilant to avoid recency bias, which occurs when we give greater weight to events that have happened recently than those that occurred further in the past. Investors are guilty of this, for example, when they get rid of a financial adviser with …
Read More »Economic Report: U.S. manufacturers grow faster in December despite coronavirus surge, ISM finds
The numbers: U.S. manufacturers said business improved in December for the eight month in a row and new orders matched a pandemic high, signaling they are weathering the record coronavirus outbreak better than other major industries. The Institute for Supply Management said its manufacturing index rose to 60.7% in December from …
Read More »The Moneyist: ‘I planned to buy new tires for the winter’: I didn’t get a stimulus check because I owe back child support. Will I get one this time?
Dear Moneyist, I have 2 kids and I pay child support. I have one daughter who I didn’t know about until she was 5 years old. My arrears for child support have kept me down most of my life. My credit score never goes past 515. I have a hard …
Read More »Election: Biden says Democratic wins in Georgia’s runoffs will lead to $2,000 stimulus checks
President-elect Joe Biden and President Donald Trump were campaigning on Monday in Georgia, where two U.S. Senate runoff elections on Tuesday are set to determine the balance of power in Washington. Biden spoke at an afternoon event in Atlanta in support of Democratic challengers Jon Ossoff and Rev. Raphael Warnock, …
Read More »Outside the Box: Why partisanship will increase in the post-Trump era
Many are hoping that when Donald Trump—one of the most divisive U.S. presidents in the past century or more—leaves office, the historically elevated levels of partisanship in U.S. politics will at least begin to subside. But the opposite is vastly more likely. There are short- and intermediate-run, as well as …
Read More »The Moneyist: My elderly father was physically abusive, and will leave his farm to my two sisters. Should I contest his will?
Dear Moneyist, I have 2 daughters. Growing up in an agricultural family during the farm crisis was tough. My dad was extremely abusive both physically and mentally. At 12 years old, he would pinch my ears with pliers. He told me once that he loved me, but he treated me …
Read More »: U.S. stock futures flat as 2021 trading kicks off
U.S. stock-market futures opened flat late Sunday, in the first trading session of the new year. Dow Jones Industrial Average futures YM00, +0.01%, S&P 500 futures ES00, +0.05% and Nasdaq-100 futures NQ00, +0.05% were little changed. U.S. stocks finished higher Thursday, the last trading day of 2020, with the Dow …
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