Business

Stock Futures Surge as Trump Softens Tone on China

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Stock futures rallied Monday after major indexes tanked to end last week, as President Donald Trump wrote in a Truth Social post over the weekend that "it will all be fine" with China.  On Friday, Trump threatened "massive" tariffs on China, causing indexes to reverse early gains that saw the Nasdaq hit a fresh record high and end sharply lower. The tech-heavy Nasdaq tumbled 3.6%, or 820 points, the benchmark S&P 500 sank 2.7%, and the blue-chip Dow Jones Industrial Average dropped 1.9%, or 878 points. All three indexes posted weekly declines of at least 2.4%, and after the stock market closed for the day, Trump…

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How to Keep ‘Mr. Market’ from Controlling Your Investments

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Key Takeaways Warren Buffett has often drawn on the concept of a "Mr. Market," as created by his mentor, Benjamin Graham. The "Mr. Market" metaphor is intended to teach you to view market volatility more like a manic partner's mood, rather than as a guide to the real value of stocks. Successful investing often means doing the opposite of the crowd: buying quality businesses when fear drives prices down and selling when fear of missing out (FOMO) pushes them too high. Buffett's most important investment advice often involves a peculiar character investors need to understand: "Mr. Market is there to…

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Americans Would Choose Endless Work Over This Surprising Alternative

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Key Takeaways When forced to choose what to sacrifice in retirement, only 15% of Americans would cut the financial support they provide to family members, making it their least preferred option out of nine difficult choices.Americans would rather return to work, skip medical care, or move in with others (22%) than stop helping adult children, grandchildren, or aging parents.For many, family obligation outweighs personal security. When the Alliance for Lifetime Income surveyed Americans about what sacrifices they'd make to stretch retirement savings, reducing family financial support ranked dead last—chosen by only 15% of respondents. That figure is way behind having…

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JPMorgan Chase to invest $10 billion into key industries

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty ImagesJPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests.The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, "frontier" technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced…

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Savings and CD Rates Are Likely To Fall This Year—Here’s How Far They Could Go

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Key Takeaways The Federal Reserve is expected to trim rates by about half a point by year-end, which could cause savings and certificate of deposit (CD) yields to decline similarly. Even with rates likely to drift down, it’s still smart to move cash to a high-yield savings account—earning 4% to 5%—so inflation doesn’t erode your buying power. The best nationwide CDs let you lock in rates above 4% for months or years, offering guaranteed earnings no matter what the Fed does next. The full article continues below these offers from our partners. Why Savings and CD Rates Are Easing—and How…

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Americans Work 8.4 Hours Daily—Here’s How That Compares to the Rest of the World

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Key Takeaways American workers log an average of 1,796 hours annually—465 more hours than Germans and 389 more than Norwegians.The U.S. is the only advanced economy with zero mandated paid vacation—and 23% of American workers get none at all.More hours do not necessarily mean more output, as several European nations with significantly more time off outperform the U.S. in productivity per hour worked. Add it up, and the typical American spends more time working each year than most employees in the developed world. Americans average 8.4 hours of work each weekday, according to the Bureau of Labor Statistics—about 1,796 hours…

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CPI Report Will Shine Light On Economy During Data Blackout

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Key Takeaways The Bureau of Labor Statistics is putting out a key inflation report Oct. 24 despite a government shutdown that is delaying most government data.The Consumer Price Index report for September was originally scheduled to go out Oct. 15.The data will help the Social Security Administration determine its annual cost-of-living adjustment and officials at the Federal Reserve set interest rates. The Bureau of Labor Statistics will release a key report on inflation for September despite an ongoing government shutdown that is delaying most of the statistics produced in Washington.The Bureau of Labor Statistics is planning to bring back some…

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Warren Buffett’s Key Advice on Protecting Wealth from Inflation

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Key Takeaways Buffett calls self‑development “the best investment by far” because skills can’t be taxed or “inflated away.”The next‑best hedge is to own stock in companies whose products require little new capital but can raise prices at the rate of inflation or even higher.Firms built on royalty-like models or networks often convert revenue to cash without big reinvestments, giving them room to outpace rising costs. Inflation may ebb and flow, but Warren Buffett's two lessons for fighting it are timeless. Become so good at what you do that people will pay a premium for your skills.Own stock in businesses that don’t…

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The Government Shutdown Raised Doubts About the 2026 Social Security COLA Announcement. Now It’s Getting Back on Track

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KEY TAKEAWAYS Bureau of Labor Statistics employees are returning to work so it can release its September inflation report on Oct. 24.This will allow the Social Security Administration to calculate the 2026 cost-of-living adjustment before the Nov. 1 deadline.Although the government remains shut down, Social Security beneficiaries will soon know how much their checks will increase next year. Security beneficiaries will get an idea about what next year's benefit checks will look like after all. The federal government said it is bringing back some furloughed Bureau of Labor Statistics employees to release the September Consumer Price Index on Oct. 24.…

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Big Bank Earnings, Fed Speakers, Shutdown Data Delays

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After Friday’s big selloff as President Trump fired back at China’s tightening of rare earths export curbs with higher tariffs, investors will be watching closely for the latest trade policy developments. An ongoing federal government shutdown may delay the release of several economic reports, but investors can look forward to a full slate of corporate earnings from big banks and mainstays in the semiconductor industry. JPMorgan Chase, Wells Fargo, Goldman Sachs, and American Express are on the list of major financial firms set to report this week, while reports from TSMC, Johnson & Johnson, and United Airlines will also be…

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