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…
Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be…
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…
Ukraine signals a shift toward defense as analysts ask whether ‘failed counteroffensive’ is over
This was CNBC’s live blog tracking developments on the war in Ukraine. Ukraine signaled Monday that it is shifting its…
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…
Supply chains, trade top agenda for Yellen Mexico trip
WASHINGTON — Treasury Secretary Janet Yellen will travel to Mexico City this week to strengthen economic ties with America’s top…
Former U.S. ambassador spied for Cuba for decades, Justice Department says
A retired American diplomat made his first court appearance Monday in Miami in a potentially explosive espionage case. Prosecutors say…
