With bank savings accounts typically yielding 0.33%, it generally doesn’t make sense to stuff any of your money there. Recall that you may want to keep a minimum of six-months spending in a cash account, in case you lose your job or have a medical emergency. Probably the best place to stash cash now is in a money-market fund. For customers of Fidelity Investments, of which I’m one, you can get a 3.96% yield on a fund (Fidelity Government Cash Reserves) that invests only in Treasuries and has...

If it happens, 'this would represent the first time in history that the U.S. would default on any of its obligations due to the debt-ceiling law,' the firm says. Many investors are concerned that with the far-right wing of the Republican Party holding sway in the House of Representatives, a debt default is coming. If the view of Ralph Axel, rates strategist at Bank of America, is correct, they have good reason to be concerned. “We think it is likely that by late summer or early fall, the...

Many companies use the maneuver to control what departing employees can do when they leave for other jobs. If you’re a worker who feels constrained by a non-compete agreement, relief may be on the way. Non-compete agreements may prevent you from working for a competitor of your company or starting a business that would compete with your company. Some workers say these rules discourage them from pursuing more desirable opportunities, keeping them tethered to their companies. The opportunities...

If you're trying to figure out your financial-planning tasks for next year, Christine Benz, Morningstar’s director of personal finance, offers a calendar to take care of some of the major issues you’ll want to address. Here are excerpts from it. January See how you’re doing. “Now is a good time to survey the damage [to your investment portfolio in 2022] and see if you’re still on track to hit your financial goals,” Benz said. “If you’re still in accumulation mode, review how much of your...

Stitch Fix (SFIX) - Get Report shares fell in after-hours trading Monday, after the personal-shopping service and clothing retailer reported weaker-than-expected earnings amid the coronavirus epidemic. Stitch Fix posted a loss of $33.9 million, or 33 cents per share, in the quarter, swinging from a profit of $7.0 million, or 7 cents per share a year ago. Analysts had forecast a 15-cent loss for the latest quarter. Stitch Fix shares stood at $24.00, down 3.69% in post-market trading, after...