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Monthly Archives: August 2020

Young women are making more of their families’ financial decisions

Married women 45 and younger are twice as likely as older married women to make the financial decisions in their families, according to a new report from Merrill Lynch Wealth Management. The report surveyed 4,000 women of all ages. It found that more women, regardless of martial status, are taking control …

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Futures up slightly, S&P 500 at record, Target jumps on earnings

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‘I’m in control!’ Quotations from Chairman Sumner Redstone

From near death in a hotel fire to expectations of immortality, here are some memorable quotations from media tycoon Sumner Redstone. “Content is king.” — Redstone’s credo that some say he, rather than Bill Gates, coined. “I was enveloped in flames. The fire shot up my legs. The pain was …

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Sumner Redstone, billionaire media tycoon, dead at age 97

Sumner Redstone, the media mogul who built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS and Viacom and later became the center of a jilted lover’s lawsuit that nearly cost his family his financial legacy, has died. He was 97. Redstone, who often boasted that he would …

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39% of younger millennials say Covid-19 has them moving back home

Nearly 3 out of 4 younger millennials are concerned that the coronavirus pandemic will impact their finances, with 57% saying that Covid-19 derailed their plans for financial independence. For many, those plans include having their own place. But 39% of younger millennials (defined here as ages 24 to 29) say …

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