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Retirees and Pre-retirees, itâs not too late to de-risk your portfolio
For investors hurtling toward retirement, sitting tight with stocks has been the path of least resistance in recent years. Stocks, especially U.S. names, have soundly outperformed bonds.However, recent events should serve as a wake-up call to take some risk off the table and give bonds a closer look. Stocks have recently encountered some volatility but they’re still near all-time highs. That provides pre-retirees and retirees with an opportune time to scale back equity exposure and plow the proceeds into safer assets like cash and high-quality bonds.
The benefits of... Read More
Trump's Federal Reserve nominee to face tough hearing before Senate panel
WASHINGTON (AP) — Kevin Warsh is taking another step toward his decade-long goal of winning the top job at the Federal Reserve by appearing at a hearing before the Senate Banking Committee on Tuesday. But the role that he may eventually assume could turn out vastly different than what he expected.Inflation is worsening as the Iran war has spiked gas prices, making it much harder for the Fed to implement the interest rate cuts President Donald Trump so desperately seeks. The conflict could also slow the economy as well as hiring. And if Warsh ultimately becomes chair, he may... Read More
Fired former UK official says he felt political pressure to approve Mandelson as US ambassador
LONDON (AP) — The ex-civil servant behind the decision to approve Peter Mandelson 's appointment as British ambassador to Washington says he felt political pressure to rush through the appointment despite security concerns.Olly Robbins, former head of the Foreign Office, said those concerns did not relate to Mandelson's relationship with the sex offender Jeffrey Epstein. He declined to say when questioned by lawmakers what led the government's vetting agency to flag Mandelson as a potential security risk.
Robbins said the vetting agency considered Mandelson a... Read More
Oil prices slip and world shares mostly gain as US-Iran talks still in doubt
Oil prices slipped and shares were mostly higher Tuesday in Europe and Asia as U.S.-Iran talks aimed at ending the war remained in doubt.The price for a barrel of Brent crude oil dipped 0.7% to $94.81. U.S. benchmark crude oil lost 0.9% to $86.63 per barrel.
The war has disrupted transport of oil through the Strait of Hormuz, a vital waterway that usually is fully open to international shipping, pushing oil prices sharply higher.
U.S. President Donald Trump has demanded that vessels again be allowed to transit the strait unimpeded, imposing a blockade on He... Read More
Pakistan presses ahead with preparations for Iran-US talks even with Tehran's participation unclear
ISLAMABAD (AP) — Pakistan pressed ahead Tuesday with the groundwork for a second round of talks between Iran and the United States in Islamabad as a fragile ceasefire hung in the balance, even though it remained unclear whether Tehran would send a delegation.Both sides remain dug in rhetorically, with U.S. President Donald Trump warning that “lots of bombs” will “start going off” if there’s no agreement before the ceasefire deadline, which he put as Wednesday, and Iran’s chief negotiator saying that Tehran has “new cards on the battlefield” that haven't yet been... Read More
Top Stories
- Trump's Federal Reserve nominee to face tough hearing before Senate panel
- Pakistan presses ahead with preparations for Iran-US talks even with Tehran's participation unclear
- Fired former UK official says he felt political pressure to approve Mandelson as US ambassador
- Oil prices slip and world shares mostly gain as US-Iran talks still in doubt
- South Korean police seek to arrest K-pop mogul behind BTS
- Japan scraps a ban on lethal weapons exports in a change of its postwar pacifist policy
- Driven by the pressures of war, Iran gives its field commanders more power over militias in Iraq
- Labor Secretary Lori Chavez-DeRemer is leaving Trump's Cabinet after abuse of power allegations
- Pope's visit to Equatorial Guinea is a diplomatic challenge as he closes his Africa trip
- Deadly domestic violence cases stir calls for more prevention resources for Black communities
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Entertainment
- Former Librarian of Congress Carla Hayden cheered as she wins Authors Guild honor
- Late Queen Elizabeth II's legacy still looms over British monarchy 100 years after her birth
- South Korean police seek to arrest K-pop mogul behind BTS
- A timeline leading up to D4vd's murder charge in the killing of 14-year-old Celeste Rivas Hernandez
Sports
- Jaden McDaniels calls Nuggets 'all bad defenders' after Timberwolves rally to win Game 2
- Edwards and Randle rally Timberwolves past Nuggets 119-114 to even series at 1 apiece
- Kapanen's 2nd goal of game with 1:54 remaining lifts Oilers over Ducks 4-3 in playoff opener
- Martinook's goal lifts Hurricanes past Senators 3-2 in 2OT after he misses rare OT penalty shot