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After a dismal year for the 60/40 stock/bond portfolio, the standard investing benchmark is making a comeback in 2023. And as yields on 2-year Treasurys approach 5%, single Treasury bond ETFs are attracting big inflows as investors seek balance in an uncertain inflationary environment.   “I think [bonds] absolutely are becoming …

Determining whether you have a cold, the flu or Covid-19 might be getting a little easier soon. On Friday, the U.S. Food and Drug Administration authorized the first over-the-counter combination test for Covid-19 and the flu for emergency use — which means you can now test yourself for the flu …

Marc Benioff, co-founder and CEO of Salesforce, speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares soared 14% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a …

The Food and Drug Administration’s independent panel of advisors on Wednesday recommended GlaxoSmithKline’s RSV vaccine for adults ages 60 and older, though they flagged potential safety issues over nervous system disorders that may be tied to the shot. Ten of the FDA advisors said the safety data on GSK’s vaccine …

U.S. Solicitor General Elizabeth Prelogar Artist: Bill Hennessey The government’s top Supreme Court lawyer may have saved President Joe Biden’s $400 billion student loan forgiveness plan from what experts considered all-but-certain defeat. Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of …

It’s no secret that investing and personal finance experts are prone to jargon. Get them talking about mutual funds and you’ll soon be in the land of alpha, beta, downside capture and standard deviation. Occasionally, though, things skew in the other direction. Take a recent tweet from Christine Benz, director …

Ben Kirkhoff, a high school senior at Cretin-Derham Hall in St. Paul, Minnesota, knows that a four-year college degree isn’t for him. Even though his parents have a college savings account for him, he said money is still a factor. “I don’t want to put myself and my family in a …

Canada bans TikTok from federal government devices. Jonathan Raa | Nurphoto | Getty Images Investors in Meta, Snap and other U.S. digital media companies have been looking for signs of a rebound after a tumultuous 2022. They got some unexpectedly optimistic news this week. The U.S. House Foreign Affairs Committee …

Goc | Istock | Getty Images Scammers are making more money per episode of fraud, new government data suggests. While the number of fraud reports recorded through the Federal Trade Commission’s database fell to 2.4 million in 2022 from 2.9 million, the aggregate loss from those instances reached nearly $8.8 …

People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters Covington & Burling has more than 700 lawyers in Washington, D.C., where the international firm has built a reputation of working with regulators rather than fighting them. But …