The stock-market rally survived a confusing week. Here’s what comes next.

Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive. But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said. Stocks rose early in the week as traders continued to … Read more

ASML reports forecast beating profit of $1.96 billion on higher sales

ASML Holding NV said Wednesday that for the fourth quarter it beat net profit consensus and net sales rose, and that it expects continued strong sales growth in 2023 despite a challenging environment. The Dutch semiconductor-equipment maker ASML, +0.11% ASML, -0.89% said net profit for the period was 1.8 billion euros ($1.96 billion) compared with … Read more

I ruined my family’s finances by withdrawing from my 401(k) to buy a house – I regret it

I recently made a panic decision to withdraw all my money from one retirement account and I am now closing on a house in February (about $200,000). I am 36 years old, married and have a 1-year-old. Half of me is regretting it, and I’m worried about next year’s taxes due to the withdrawal and … Read more

XPeng stock just misses a record selloff, snaps 5-day win streak

The U.S.-listed shares of XPeng Inc. plunged Friday to snap a five-day win streak, as price cuts by Tesla Inc. in China soured sentiment toward China-based electric vehicle makers. The stock XPEV, -15.04% was down as much as 17.2% at its intraday low of $9.85, before recovering slightly to close down 15.04% at $10.11. It … Read more

‘Am I crazy?’ I’ve paid my fiancée rent for 9 years and spent $10,000 improving her home. She’s also listed on my health insurance. What should I do?

I have a situation that is causing a lot of issues in my relationship. We have been dating for 17 years, have lived together for close to nine years and have been engaged for six.  When I moved into her house, we agreed I would pay $600 a month in rent. Over the years, I … Read more

Workers in California and Washington State will get more pay transparency

Do you know how much your job is worth? Millions of Americans are finally getting the answer.  On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures. As of Dec. 4, just 44% of … Read more

‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.

When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked.  After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolutely silent,” the 32-year-old, who has been in the mortgage industry for six years, told MarketWatch in an interview. As the housing market … Read more

Democrats release Trump’s tax returns, and CPAs have questions: ‘In order to generate these kinds of losses, you need to be super rich. It’s not a poor man’s game.’

The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, and deduction-related tax write-offs.  That year, as the COVID pandemic hit, the Trumps reported a loss of $4.8 million. For 2018 and 2019, the … Read more

U.S. stocks fall on last trading day of 2022, booking monthly losses and worst year since 2008

U.S. stocks ended lower Friday, booking their worst annual losses since 2008, as tax-loss harvesting along with anxieties about the outlook for corporate profits and the U.S. consumer took their toll. How stock indexes traded The Dow Jones Industrial Average DJIA, -0.22% slipped 73.55 points, or 0.2%, to 33,147.25. The S&P 500 SPX, -0.25% shed … Read more

Dow falls over 650 points after strong economic data, bearish comments by David Tepper

U.S. stocks were sharply lower in midday trade Thursday, more than erasing their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks … Read more