Finance

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…

Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report

LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in…