Finance

Job data suggests ‘soft landing’ is increasingly likely, economists say

The U.S. economy inched closer to a so-called “soft landing” after a new batch of labor data, economists said. A…

A 401(k) rollover is ‘the single largest transaction’ many investors make, expert says. What to know before doing it

Millions of people move money from a workplace 401(k) plan to an individual retirement account each year. Such “rollovers” are…

There’s now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks

A new product puts the leverage of high-powered hedge funds in the hands of the regular investor, allowing them to…

Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance…

U.S. export controls need to ‘change constantly’ even if it’s tough for businesses, Secretary Raimondo says

BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary…

Fed is ‘disconnected’ from reality, must cut rates 5 times next year, portfolio manager says

The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy…