Traditional guidance says not to spend more than 4% of your retirement savings in the first year to protect yourself from running out of money in your golden years. A new recommendation puts that figure at 3.8% with a 30-year time horizon, according to researchers at Morningstar Inc., a half-point higher than the 3.3% withdrawal they recommended in 2022 due to expectations for lower future investment returns. That means if you retire this year with a $640,000 portfolio invested 50% in stocks… Source link

Screenshot: Pranay Parab You may have noticed an increasing number of websites that now display a “Sign In With Google” pop-up every time you open the page. While it can be helpful if you use your Google Account to log into that site, you likely have plenty of sites (if not the majority) you don’t use “Sign in with Google” for, rendering these alerts useless. If you don’t want to use Google’s sign-in across all sites, there are a couple easy ways to block these pop-ups across… Source link

U.S. stocks turned higher in volatile trading Tuesday as investors attempted to thwart losses from stretching into a fifth day. A hawkish move by the Bank of Japan to adjust the cap on its 10-year government bond yield rattled markets in early trading, with investors worried aggressive monetary tightening by central banks around the world may cause a global recession. Last week, the U.S. Federal Reserve, European Central Bank, and others raised interest rates. The S&P 500 (^GSPC) inched up… Source link

Google is improving how Google search presents information in two languages, alongside developing its voice search feature to understand inquiries that use a mix of languages. Search results in the knowledge graph box and some sections like “Top stories” and “People also ask” will be displayed in both English and Hindi in Hindi-speaking regions of India, regardless of which language the user used to make the search. The new bilingual search function is available in India first with… Source link

Wells Fargo is predicting big things for Disney’s (DIS) sports network ESPN in 2023. In a new note published on Tuesday, Wells Fargo analyst Steve Cahall outlined the firm’s top predictions for the media business in 2023, and made a big call about the future of ESPN under Bob Iger’s leadership at Disney. “DIS will begin the spin-off process for ESPN & ABC including launching ESPN in streaming a la carte,” Cahall wrote. “Cost rationalization and balance sheet options are critical to reaching… Source link

A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link

A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link

Google is rolling out brand new search technology in India, one of the search company’s biggest markets, including bilingual search results and in-video search. This week, Google held its eighth Google For India event, where it unveiled the following search features: Search in video Bilingual search results Bilingual voice search Natural language search in Google Pay Handwriting to text translation via Google Lens These features may eventually make their way to North America, so it’s… Source link

WASHINGTON (AP) — Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed customers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applying overdraft fees against savings and checking accounts. Wells was ordered to repay $2 billion to consumers by the Consumer Financial Protection Bureau, which also enacted a $1.7 billion penalty against the San Francisco bank Tuesday. It’s the largest fine ever leveled… Source link

Sundry Photography This year has been mainly unkind to investors, despite some successes. All three indices have experienced bear markets, and tech has borne the brunt after flying high in 2020 and 2021. Data by YCharts However, we don’t invest in year-to-date returns. Would it surprise you that the Nasdaq (QQQ) has outperformed the S&P 500 (SPY) and Dow Jones Industrial Average (DJI) over the last three years, five years, and ten years? It has, as shown below. Data by YCharts I know you’re… Source link