Worried how the stock market could impact your retirement? Here are 3 questions from experts.
CBSN
Watching your 401(k) plan savings recede as stocks slide can be gut-wrenching, sparking anxiety about whether you'll ever be able to retire — a particularly loaded issue for Gen Xers, given the oldest members of the generation are hitting 60 this year.
But financial experts say it's important not to panic in the face of plunging markets or rising recession risks because that can lead to rash decisions that cost you money. Instead, it's important to focus on some key investment questions before taking action, they say.
Since his Jan. 20 inauguration, President Trump's tariff barrage has spooked investors and soured consumers on the economy, with many fearing that his trade policies will trigger inflation and slam economic growth. The S&P 500 last week briefly moved into so-called "correction" territory, meaning the index had tumbled 10% from its most recent high, although it regained some ground on Friday.
Washington — Chief Justice John Roberts issued a rare statement Tuesday defending federal judges who have issued decisions against the Trump administration, saying that "impeachment is not an appropriate response to disagreement" with a court's decision.
Chinese electric vehicle maker BYD says its new cars can be charged in almost the same time it takes to refill a gas engine vehicle at the pump, giving the world's top EV seller a major advantage in a highly competitive market.
Washington — More than 24,000 workers at 18 federal agencies who were fired as part of President Trump's efforts to shrink the size of the government are now in the process of being rehired following a federal judge's order last week.
Investors are bailing out of U.S. stocks — big time.
The Federal Bureau of Investigation is warning Americans to take precautions while traveling abroad on spring break.
Google owner Alphabet will buy cybersecurity firm Wiz for $32 billion — in a deal set to boost the tech giant's in-house cloud computing amid burgeoning artifical intelligence growth.
Senate Minority Leader Chuck Schumer argued Tuesday that he remains the "best leader for the Senate" despite backlash from some Democrats over his decision to allow a Republican-led measure to advance, avoiding a government shutdown.
The family of missing college student Sudiksha Konanki has asked authorities that she be declared deceased, the Loudoun County Sheriff's Office in Virginia told CBS News, almost two weeks after she disappeared while visiting Punta Cana for spring break.
A 13-year-old boy has been charged with murder in a fatal hit-and-run of a bicyclist in Albuquerque that was captured on video from inside the boy's stolen car, law enforcement said Monday.
Washington — President Trump on Monday said he was revoking Secret Service protection for former President Joe Biden's son, Hunter Biden, "effective immediately." Biden's daughter, Ashley Biden, will also lose her Secret Service detail, Mr. Trump said.
President Trump announced that tens of thousands of pages of the JFK assassination files would be released to the public Tuesday.
With a fresh crew now aboard the International Space Station, the four fliers they are replacing — including long-delayed Starliner astronauts Barry "Butch" Wilmore and Sunita Williams — packed up Monday for their return to Earth to finally close out an extended 286-day stay in space.
Search efforts pressed on into their second week for Sudiksha Konanki, a college student at the University of Pittsburgh who went missing earlier this month during a trip to the Dominican Republic resort town Punta Cana.