The difference between ‘rich’ and ‘wealthy,’ according to New York Times ‘Wealth Matters’ columnist

When Paul Sullivan was hired to write his “Wealth Matters” column in The New York Times 13 years ago, Americans’ relationships with wealth and wealthy people were undergoing a rapid shift. “When I interviewed for the job in 2008, it was the day Bear Stearns collapsed. I was told I could create the ‘Wealth Matters’…

If you’re heading to a new job, don’t forget about your 401(k): Here’s how to handle the money in an ex-employer’s plan

Skynesher | E+ | Getty Images If you’re among the millions of workers who have left their job as part of the so-called Great Resignation that’s still rumbling through the labor market, be sure not to neglect your 401(k). While you may have options for how to handle retirement savings in your ex-employer’s plan, there…

Lawmakers Revive Prescription Drug Pricing Policies and 1,900% Excise Tax

While the bulk of the proposed tax increases and spending programs remain under debate, Democratic lawmakers have reportedly agreed on prescription drug pricing provisions as a starting point for a revived Build Back Better package. Advocates of the drug pricing policy argue it would allow Medicare to negotiate prescription drug prices, but it amounts to government…

Costco CEO’s one-word answer to whether he would raise the price of hot dogs: ‘No’

Some good news for inflation-weary Americans: There will be no price hike on Costco‘s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item’s price: “No.” Costco has continued to put up strong sales, even…

Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid in premarket trading after Elon Musk announced late Friday that he was abandoning his $44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las Vegas…

These mid-year tax strategies can trim next year’s bill from the IRS and reduce ‘unwelcome surprises’

In this article AMZN seksan Mongkhonkhamsao | Moment | Getty Images Whether you typically receive a tax refund or a bill, there’s still plenty of time to improve next year’s filing, experts say. Tax reviews are like twice-annual dentist visits, said certified financial planer Jim Guarino, managing director at Baker Newman Noyes in Woburn, Massachusetts….

Wimbledon: Champion Novak Djokovic hopes for Covid rule change ahead of US Open

Novak Djokovic of Serbia kisses the winners trophy after victory over Nick Kyrgios of Australia in their Men’s Singles Final match on day fourteen of The Championships Wimbledon 2022 in London. Visionhaus | Getty Images Sport | Getty Images Wimbledon champion Novak Djokovic is hoping for a change to American Covid-19 entry rules in time…

‘Thor: Love and Thunder’ pulls in $143 million in domestic opening

Natalie Portman and Chris Hemsworth star in Marvel’s “Thor: Love and Thunder.” Disney With “Thor: Love and Thunder” zapping up an estimated $143 million during its domestic weekend, box office analysts feel confident that movie theaters are no longer on the road to recovery and have reached a pace of normalcy seen in pre-pandemic times….

S&P 500 futures edge lower ahead of kickoff to earnings season

Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures dipped slightly Sunday evening as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment report. Futures tied to the Dow Jones Industrial Average slipped by 27 points, or 0.1%….

Ford’s Mustang Mach-E electric crossover is a hit with industry insiders — that could help it take on Tesla

In this article F Ford’s first real attempt at an electric vehicle has been quite a hit with critics. The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports’ Top Pick in February 2022. It was named the Top Car in the Automobile Association of America (AAA) Car Guide in May. Car and Driver…

This type of ETF is seeing near-record inflows — but will it keep paying dividends?

It’s a type of ETF seeing near-record inflows. New data shows dividend exchange-traded funds totaled almost $50 billion in fresh money in the first half of 2022, according to Todd Rosenbluth of VettaF, a financial services company. “We recently did a survey of advisors at VettaFi, and dividend strategies were most popular in terms of…