Daily Trade

A pharmaceutical nonprofit was granted priority review from the Food and Drug Administration to make an inexpensive overdose-reversal drug for use without a prescription.  Harm Reduction Therapeutics Inc. said its 3-milligram nasal spray naloxone formulation, called Rivive, had three times higher concentration in the blood of 36 participants than naloxone delivered as a shot. The company said

Dear Quentin, I’ve reached the point in my life where I want to settle down, but I recently had a disagreement with a friend about my priorities, and I would appreciate your perspective. I’m 46, a college-educated singleton, and earn $210,000, not including my annual bonus. I have paid off my student loans and own

Dear Fix My Portfolio,  I’m a retired educator, and I’m just turning 72. I’m about to start taking my required minimum distributions. I don’t need the full amount, but I guess I have to take it anyway. I don’t know when the best time is to take the RMDs. Is it best to take it

Dear Quentin, My brother just recently passed away in June. Instead of leaving his belongings to his siblings, he chose to donate to charity — that is, his home, furnishings and all of his remaining cash. I don’t understand why he would make such a decision. We are surprised and bewildered. He has left a

Investors have had a rough 2022 — the worst year since the financial crisis in 2008. There’s been a perfect storm of falling stock and bond prices as the Federal Reserve has raised interest rates to bring down inflation. But is the worst over? Oaktree Capital Management’s Howard Marks argues that the new interest-rate environment

Caroline Ellison has apologized for stealing billions in customer deposits at crypto exchange platform FTX to make bets at Alameda Research, the hedge fund she ran. “‘I am truly sorry for what I did.’” — Caroline Ellison, former head of Alameda Research Ellison made her comments in front of a judge in New York federal

Dear Fix My Portfolio,  What’s the best strategy if I plan to use my RMD for charitable contributions?  James Dear James,  You asked just in time! You have until Dec. 31 to make a qualified charitable distribution (QCD) from your IRA or other tax-deferred retirement plan and have it count toward your required minimum distribution

Dear Tax Guy, I have a 24-month bank CD earning 2%. The same bank is now offering 3.5%, 24-month CD. I would like to take advantage of the higher rate. I know that I would incur a 6-month interest penalty for early withdrawal. Can I deduct the interest penalty from my 1040? Seeking CD Help

The markets faced a big shock because of the black swan event of the pandemic. As economies were crawling back to normalcy, the Russia-Ukraine war triggered fresh concerns for several sectors of the economy. The war catalyzed an increase in the list of battered stocks in 2022. With the Russia-Ukraine war, oil prices surged, translating

After stocks surged to their best gains in three weeks following strong consumer sentiment data, Thursday is looking less spirited with equity futures in the red as we close in on the long Christmas weekend. Investors should be accustomed to that here-today-gone-tomorrow kind of trading action they’ve endured this year, as the better sessions seem

Last Wednesday, executives at Meta Materials (NASDAQ:MMAT) finalized a bizarre transaction. In a single stroke, they converted the firm’s entire listed block of preferred MMTLP shares into untradeable common stock of Next Bridge Hydrocarbons, Inc. At first glance, the transaction seems like moving cash from one pocket into another. Meta Materials maintains full control of

Electric-vehicle maker Tesla Inc.’s shares declined for the fourth consecutive session Wednesday, after a report of a hiring freeze and plans for layoffs. Tesla TSLA, -0.17% is planning layoffs for the first quarter and is instituting a hiring freeze, Electrek reported on Wednesday, citing a person familiar with the matter. The decision, Electrek noted, would

A growing number of stock market commentators are arguing that a big recovery for Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) will happen in the coming year. Yet while at first glance GOOG stock may seemingly have many of the ingredients in place to make such a comeback, it’s far from a given. Sure, despite all the doom and gloom

My colleagues, Gal Wettstein and Siyan Liu, just completed a study using the Federal Reserve’s Survey of Consumer Finances to explore how delinquent student loans could lead to the withholding of Social Security benefits, which could disproportionately harm disadvantaged groups. Gal and Siyan also looked at the potential impact of President Biden’s debt relief proposal. 

At long last, there are two pieces of positive news concerning California-based neo-banking firm SoFi Technologies (NASDAQ:SOFI). First of all, a high-level executive at the company reportedly purchased a very large number of SoFi Technologies shares. Furthermore, SoFi Technologies is working with Mastercard (NYSE:MA) to offer a buy now, pay later (BNPL) service. These developments suggest it’s

Earlier this year, Walt Disney Co. Chief Executive Bob Chapek fought off an activist investor seeking a spinoff of ESPN and other TV properties, but Wells Fargo analysts believe a change at the top will lead Disney to make that move in 2023. “We think Bob Iger is returning to Disney to make big changes,”

Generation Z, the nation’s youngest adults, aim to retire at 59, a full 12 years before baby boomers and older generations. According to a study from Northwest Mutual, Gen Z, those Americans between the ages of 18 and 25, had the highest levels of confidence in their careers and in their ability to achieve financial

[embedded content] Let’s check in on a stock we haven’t mentioned in a while – Tesla (TSLA). We’ve been bearish on this one for a while. It was the first mover and, really, the only viable competitor in the EV space for years. But since its production ramp in 2019, a lot of competition has

The new year brings a ton of new shows to Netflix, including a sequel to “That ’70s Show,” a new season of “Ginny & Georgia” and a Bernie Madoff documentary. “That ’90s Show” (Jan. 19) picks up two decades after the hit Fox sitcom “That ’70s Show,” with Debra Jo Rupp and Kurtwood Smith reprising

This article is reprinted by permission from NerdWallet. When Amanda Claypool was 28, she left a government contracting job in Washington, D.C., and moved back to her parents’ house in upstate New York while she figured out her next step. Then the pandemic struck, and her temporary return lasted longer than she’d planned. Living with