The $ 1.9 billion stimulus package recently passed by the U.S. Congress won’t spur persistently higher inflation, said Federal Reserve Vice Chairman Richard Clarida on Thursday. The Fed and other forecasts “do not see this package — over a three-to-five year period — as putting undesirable upward pressure on inflation,” …
Read More »The Moneyist: My late partner of 7 years fought with his estranged wife and transferred $250K into a trust for me. Can she contest that money?
Dear Quentin, I was with my significant other for almost 7 years. While he was separated from his wife, they never divorced. It was due to financial reasons. Because of his difficult relationship with his wife I was made his health-care surrogate. Last September, he underwent cancer surgery, and realized …
Read More »: Disney+ prices are rising Friday, but you can still lock in a deal
It’s soon going to cost $ 1 more a month to watch your favorite Marvel, Pixar and “Star Wars” stuff. Disney+ is raising its monthly price from $ 6.99 a month to $ 7.99 a month in the U.S. starting Friday, March 26. The annual subscription price will rise too, …
Read More »Dispatches from a Pandemic: Planning to take a cruise in Pandemic Year 2? You won’t be allowed on board without a COVID-19 vaccination
Erika Behlmer-Rothberg, a 30-year-old Ph.D student from Florida, has finally booked a honeymoon with her husband. She chose a European river-cruise vacation for the week of Christmas as a honeymoon getaway with her husband. She’s in favor of cruise lines requiring vaccines. “We had put a pause on both our …
Read More »The Moneyist: My husband and his ex-wife agreed that he could claim their kids on his taxes, but now she’s ‘demanding’ half their stimulus
Dear Quentin, My husband received a text from his ex-wife demanding part of the latest stimulus check for their two children. My husband received their stimulus checks for their boys because in their divorce settlement he was granted the ability to claim both boys as dependents on his taxes for …
Read More »The Fed: Fed’s Bullard won’t forecast any interest-rate hikes until he sees proof of strong economy
Ever since the pandemic struck last year, St. Louis Fed President James Bullard has been one of the most optimistic members of the U.S. central bank, predicting early and often that the economy could rebound strongly — well ahead of his colleagues. But that doesn’t mean Bullard projects an early …
Read More »Futures Movers: Oil prices sink 4% as European COVID curbs raise demand worries
Oil futures fell sharply Tuesday, with concerns that renewed lockdowns to combat the coronavirus pandemic in Europe would crimp energy demand helping to send U.S. prices below the key $ 60 mark. “Optimism around a swift global economic recovery has recently been dampened by setbacks in vaccine rollouts in parts …
Read More »The Moneyist: ‘I feel un-American. My appliances are 20 years old. I shop in thrift stores’: My wife wants a nicer place to live. What do I do?
Dear Quentin, During my 20s, I was broke. I bought my first house and lived alone, stretched to my limits. I had three maxed-out credit cards and lived paycheck to paycheck. Today, I’m in my 40s, married and in a much better financial situation. My 401(k) has done very well …
Read More »Key Words: Elon Musk: Tesla would be ‘shut down’ if its cars spied on China
Tesla is not watching you any more than TikTok is — or so Elon Musk tried to assure China and other countries over the weekend. The Wall Street Journal reported Friday that China’s government is barring military staff and the employees of key state-owned companies from driving Tesla TSLA, +2.31% …
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