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Most investors suffered nothing but pain in 2022, as the NASDAQ and S&P 500 indexes fell into bear markets and some individual stocks dropped by 50% or more. But if you have a long-term mindset, this could spell opportunity, as the best companies with the brightest prospects will no doubt bounce back, perhaps as early as this year. By John Csiszar While there’s no guarantee that the names on this list will lead the charge, each one has something about it to recommend....

It is common for adult children to care for their parents as they grow old, but must that include financial assistance? A number of Americans fear that it may — and that they won’t be able to cover the expense of their aging parents. The main driver of concern right now? Inflation. By Nicole Spector Find: 22 Side Gigs That Can Make You Richer Than a Full-Time JobSee: 7 Surprisingly Easy Ways To Reach Your Retirement Goals...

Product recalls are often a terrible situation for both consumers and companies to be in. While consumers are left with faulty — or possibly fatal — products, companies incur millions in costs trying to correct the issue and often have a huge fallout with the public’s trust as a result. Some companies manage to recover, but many do not. By Christian Long See: 25 Most Epic Corporate Downfalls of All TimeFind: 18 Deadly Corporate Mistakes and the Companies That Paid the Price...

Whose last name will you take? Will you have kids? Buy a house or rent an apartment? Marriage brings up many questions which, ideally, the couple will explore before they tie the knot. One significant question to discuss is: Should you merge finances after you get married? By Dawn Allcot See: The Do’s and Don’ts of Combining Finances With Your PartnerFind: Financial Benefits of Getting Remarried It wouldn’t be entirely uncommon to keep finances separate, according to a new survey from Business Insider and Morning Consult....

The Securities and Exchange Commission (SEC) said that Tesla CEO Elon Musk will have to continue facing scrutiny of his tweets. By Yaёl Bizouati-Kennedy See: How Much Is a Tesla? Price Breakdown by Model Find: Tesla Stock Soars as Investors Bet on Worldwide EV Adoption “So long as Musk and Tesla use Musk’s Twitter account to disclose information to investors, the SEC may legitimately investigate matters relating to Tesla’s disclosure controls and procedures, including Musk’s tweets about Tesla, as well as the accuracy of Tesla’s public statements about its controls and procedures,” the SEC said in a court filing, according to Bloomberg....

Elon Musk may be attempting to add “economist” to his list of many titles as he shared his views on the likelihood of a recession on Twitter — and why said recession could actually be good for the economy, ultimately. By Dawn Allcot Discover: 6 Signs You Can’t Afford To Retire More: 13 Best Places on the West Coast for Couples To Live on Only a Social Security Check It started when Musk introduced a Twitter poll asking: “Who do you trust less?...

Having a plan in place can help you to meet your short- and long-term financial goals, such as paying off debt or saving for retirement. But a new study has found that the benefits of financial planning go beyond the fiscal. By Gabrielle Olya Northwestern Mutual’s 2022 Planning & Progress Study found that people with financial plans and those who work with financial advisors are happier and sleep better than those who don’t plan or work with advisors....

A growing number of young employees who graduated during the pandemic or got a new job as offices closed have never worked from an office. Many of them, most notably members of Gen Z, are seemingly okay with that arrangement. By Josephine Nesbit See: Accelerated Hiring, More Remote Work and 3 Other Major Changes Experts Predict for the Job Market in 2022 Find: Small Business Owners Say Remote Work Made Them Better Team Leaders...

It’s Flag Day everyone, and also happens to be National Bourbon Day. Before you celebrate one or both of them, take a moment to catch up on today’s top financial stories. Cheers. By Gary Dudak The Big Lead: How To Navigate Your Portfolio in a Bear Market The bear market has officially arrived, and the main question now is how to deal with it to protect yourself financially. Four investing experts weigh in....

It’s National Yo-Yo Day, so if you’re in the mood for a little old-fashioned fun … you know what to do. Meanwhile, here are the top financial stories of the day. By Gary Dudak The Big Lead: Musk Clarifies Comments on Slashing Tesla Workforce Elon Musk seemed to try to assuage investors’ anxiety over the weekend, following his leaked emails about slashing Tesla’s workforce, which sent the stock on a turbulent ride....

The brand Rolex has become synonymous with great wealth and elite status. The Geneva, Switzerland company has been in business since 1905 and produces between 80,000 and one million timepieces per year. Rolex watches are generally considered good investments because they appreciate over time and are always in demand. Often, pre-owned Rolex watches go for more than they did when they first hit the market. By Nicole Spector Cost What Sets Them Apart Buying Online Discounts Spotting a Fake Just how much will a Rolex watch set you back?...

Jennifer Hudson joined the exclusive EGOT club after winning a 2022 Tony Award for Best Musical. Hudson served as producer for the musical, “A Strange Loop.” She is only the 17th person to win all four awards. She joins the likes of Audrey Hepburn, John Legend, Whoopie Goldberg, Mel Brooks and Andrew Lloyd Webber in the achievement. By Michelle Tompkins See: 30 Celebrities Who Went From Rags to RichesFind: How Rich Are Dolly Parton and Other Past Grammy Winners?...

Chase offers highly coveted, top-tier credit cards with excellent rewards. So when you apply for a Chase card like Chase Sapphire Preferred or Chase Sapphire Reserve, you might be excited to find out if you are approved. By Dawn Allcot Checking the Status If You Get Declined Improving Your Chances Don’t worry if you don’t get instant approval from Chase. Applications can take 7 to 10 days to process, and sometimes even more than that....

This Episode It’s quite evident that the student loan crisis has been a big topic of discussion for Americans’ massive pile of educational debt. In this episode, Ramsey Solutions’ personal finance experts George Kamel and Kristina Ellis share with our host how to tackle outstanding student loan debt and their documentary “Borrowed Future.” By Amen Oyiboke This Episode Where Else You Can Listen About the Show Our Host Americans owe nearly $1....

As companies have begun to return to something like normal (if you don’t count the Great Resignation) many retailers, e-tailers, restaurants, hospitality and entertainment venues and a host of other organizations are expecting holiday sales much like in the years pre-pandemic. In fact, holiday sales for U.S. retailers are expected to increase by between 4% and 6% in 2022, according to Retail Info Systems, as compared to last year. By Jordan Rosenfeld That means retailers are ramping up staffing to accommodate more customers....

Shopping with your eyes can be a fun and expedited consumer experience, but if you get home and the luster has worn off your purchase, or it simply doesn’t fit, fear not for Old Navy allows you to return everything from impulse buys to badly received gifts. By Caitlyn Moorhead Old Navy Returns Non-Returnable Items Read: 3 Easy Tips to Turn Your Credit Woes into Wows Whether you purchase items with the Old Navy credit card or through another payment method, Old Navy will have you covered, or better clad, to your liking no matter how many tries it takes....

Signs of a looming recession have begun to rear their ugly heads again, primarily in the form of an inverted yield curve, which has been a reliable predictor of past recessions. But some economists believe this time things could be different and there’s no need to worry about a recession just yet. By Vance Cariaga See: Does Slowing Market Growth Mean We Are Headed for Another Recession?Find: Economists Keep Saying This Isn’t 1980s Inflation, But What Does That Mean?...

Seattle is now the third-richest major U.S. city by household income, according to new data from the Census Bureau. By Josephine Nesbit See: 9 Bills You Should Never Put on AutopayFind: 22 Side Gigs That Can Make You Richer Than a Full-Time Job Federal and state policymakers, as well as community planners, use median household income as indicators of current economic conditions within communities across the U.S. Last year, median household incomes ranged from $116,005 in the San Francisco metro area to $62,951 in Tampa, according to the Census Bureau’s 2021 Household Income survey....

The Supplemental Nutrition Assistance Program (SNAP) is intended to help low-income and needy individuals and families with fresh food and groceries. Qualifying participants can receive food assistance through either regular SNAP or the Louisiana Combined Application Project (LaCAP). By Georgina Tzanetos SNAP Update: EBT Users in Louisiana Can Now Buy Groceries OnlineExplore: Will Louisiana Provide Extra Money in March? In Louisiana, SNAP recipient households must meet income tests. In most cases, a household must meet both the gross and net income tests, but the state says a household with a person who is 60 years of age or older who is receiving certain types of disability payments only needs to meet the net income test....

Almost everyone — including U.S. senators and members of the House of Representatives, presidents, vice presidents, and federal judges (as well as all other federal government officials and employees) — pays into Social Security via taxes and can receive benefits. However, this wasn’t always the case. By Josephine Nesbit Discover: 20 Best Places To Live on Only a Social Security CheckMore: Social Security Schedule: When Benefits Will Arrive in May 2022...