Wealth Management News & Insights
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Financial Markets
- Inflation Sits at 8.2% as Core Prices Hit Four-Decade High: Consumer-price index’s rise eased slightly in September but core index marked biggest increase since 1982. [WSJ]
- Chip Industry Grapples with New U.S. Curbs on China Sales: Companies around the world on Friday began to wrestle with the impact of wide-ranging U.S. curbs on selling chips and chip manufacturing equipment to China. [Reuters]
- TSMC Trims Capital Spending Forecast Amid Chip Headwinds: The world’s largest contract chip maker is squeezed between slowing demand and rising costs. [WSJ]
- One Place Where the Rules Actually Apply to Elon Musk: The Delaware Court of Chancery is no place for theatrics, and the judge presiding over Twitter v. Musk has kept the case on track. [WSJ]
- Kim Kardashian to Pay $1 Million + in SEC Crypto Case: The Securities and Exchange Commission is charging Kim Kardashian with promoting a cryptocurrency on her Instagram account without disclosing how much she was paid. [SEC]
Financial Planning
- Why Interest Rates Are Rising Everywhere—Except Your Savings Account: Many banks continue to offer meager yields on savings accounts, but it can pay off to shop around. [WSJ]
- Social Security COLA Increase: What It Means for Your Benefits: Monthly retirement and disability checks likely to get their biggest boost in four decades. [WSJ]
Next Generation
- Give a Gift to a Child—and Introduce Investing Skills Early: A custodial account can be an excellent way to make a financial gift to a child—whether your own, a relative’s, or a friend’s. [Schwab]
- 3 Hurdles that Trip Up Younger Generations in a Family Business: For many family-owned companies, one of the greatest obstacles to long-term business continuity is if, and how, ownership can be transitioned to its next generation. [HBR]
Retirement Planning
- Reducing the Pain From Required Retirement Withdrawals This Year: Strategies can help taxpayers soften the impact of this year’s required minimum distributions from 401(k)s and IRAs, financial advisers say. [WSJ]
Business Strategy
- United Adds New Trans-Atlantic Flights for Summer 2023 in Bet on Travel Recovery: United Airlines is planning another big schedule increase for trans-Atlantic travel, in a bet that consumers will continue to shell out for international trips, some of which they had put off for years. [CNBC]
Life & Work
- Why You Can’t Find Child Care: 100,000 Workers Are Missing: Where did they go? To better-paying jobs stocking shelves, cleaning offices or doing anything that pays more than $15 an hour. [NYT]
- 2022 Chicago Marathon Results: 2022 Chicago Marathon top-10 results and notable finishers from men’s and women’s elite and wheelchair races. [NBC Sports]
- Mariano’s Parent to Buy Jewel-Osco Owner: The companies are likely going to have to divest stores to win regulatory approval, and that has big implications for the Chicago market. [Crain’s]
- Dom’s Kitchen Opens in Old Town Nov. 1: The grocery store, the latest venture from industry veteran Bob Mariano, is still on track to open 15 outlets by 2025, including this Near North site sporting a wine department co-designed by restaurateur Brendan Sodikoff. [Crain’s]
- ACT Test Scores Drop to Lowest Levels in More Than 30 Years: Testing organization says drop caused by pandemic disruptions and long-term systemic issues in education. [WSJ]
- The Science-Backed Strategies That Will Actually Help You Eat Better: Many of the strategies that you think will work don’t. Here are the surprising things that do. [WSJ]
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