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By Nayeli Jaramillo-Plata, CNN (CNN) — Americans are nervous about their investment portfolios, and it’s easy to see why, given escalating trade tensions and gloomy economic forecasts. The probability of a US recession within the next 12 months has jumped to 45% from 25% last month — the highest since December 2023, a recent Reuters
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Drivers fueling up their vehicles at a Coachella Valley gas station were surprised Monday morning when local bankers covered their entire bills. The request in return? To “give it forward” by donating to a local nonprofit for Coachella Valley Giving Day. “With the rising cost of fuel, we understand the financial challenges facing families,” said
Continue ReadingBy Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog. Wall Street will be looking for clues about what’s to come as
Continue ReadingBy Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary
Continue ReadingBy Amy Woodyatt, CNN Tom Brady may or may not have his eye on retirement, but he’s certainly expanding his portfolio of extracurricular interests — this time, putting his cash into pickleball. Last month, the seven-time Super Bowl champion twice hinted that retirement was not too far away, saying he was “close to the end”
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By LAURA MCMULLEN of NerdWallet Most people have an inner critic that sometimes judges their actions and behaviors, including those related to money. That voice may label them as overspenders, for example, or insist they’ll never understand investing. Claims like those can be self-fulfilling. Why reel in spending or learn about investing if you’ve already
Continue ReadingBy Jeanne Sahadi, CNN Business No one wants to run out of money before they die. But making sure your nest egg will last is a challenge because you’re dealing with a lot of unknowns: How long will you live? Will you face costly health crises? How will the market and the economy perform while
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Prospective home buyers from Sacramento home check out a home up for sale in south Palm Desert. They’re shopping in a valley market unlike any seen in the past. “The whole desert area has been on my mind without exaggeration for 25 years, and now for the first time we are seriously considering it which
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At the Mojave Blue Apartments in Palm Springs, Whitney Sanford is among those behind on rent right now, after being out of work for a couple of months. “A little help is better than nothing, and that way I can feel secure. My home won’t be taken away,” said Sanford. Sanford is among struggling tenants
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Music played in the kitchen, while out front, the restaurant owner folded pizza boxes Wishing he was folding a lot more, because business is way down, Jack Srebnik says state relief would help him keep the doors open at 3 restaurants he owns. “We’re trying to stay open for our employees, for our customers. This
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Randy Ernst owns Pro-Tech Mats Industries in Thousand Palms. Also owning the building, he is among business owners and property owners watching the returns on Prop 15 with great interest. That’s because his cost of doing business is expected to go up if 15 passes. “I think they should get that tax money elsewhere. It’s
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Messages about social distancing and other safety measures flashed across the electronic billboard at the Cathedral City Auto Center, where 10 dealers are looking to get sales back on track. “You know it was kind of scary at first when it first hit. Everyone kind of sheltered in place and business really dropped. You know
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(BPT) – People often underestimate the financial implications that timing can have on retirement. Consider this scenario: You retire confidently with $1 million, but immediately get hit with a huge stock-market decline. “A major mistake I see people make is to assume that their investment returns will be average every year of retirement,” says Daniel
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(BPT) – Spending more time in the kitchen means learning the importance of not only keeping food fresh for weeks at a time, but also minimizing waste for fewer trips to the grocery store. Food waste also impacts our wallets. In fact, a recent Bosch home appliances survey conducted by OnePoll found that the average
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(BPT) – It will take some time to adjust and recover from the major disruption experienced because of the COVID-19 pandemic, and many consumers are figuring out how to cope with challenges when it comes to their financial health. A lot of people are feeling the financial strain of not being able to go to
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(BPT) – In these unprecedented times, when many families are facing physical, emotional and financial hardships, a common question is, “How do I keep up with my mortgage when I’m not working?” A home is a family’s most important asset. But now it’s more than that: It’s where they are hunkering down and staying safe.
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