MARKET

‘I am an only child’: My father left his $50 million estate to my stepmother in an irrevocable trust. I inherited $1 million. Is this reasonable?

“Is it common for entire estates to be left to the second spouse instead of being divided among the children?” Source link

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An ugly July jobs report revives talk of recession and bigger Fed rate cuts

Wall Street is betting the Federal Reserve will slash a key interest rate by a half point in September after an ugly U.S. jobs report

MARKET

Trump’s wish for tax-free Social Security is so reckless it’s almost funny

True, the Republican former president never drained the swamp. Maybe he’ll have a chance to drain the Treasury. Source link

MARKET

SunPower and other solar names lifted by First Solar’s better-than-expected results

Shares of SunPower climbed 9.2% Wednesday, with the maker of solar-energy technology buoyed by strong second-quarter results from solar-panel maker First Solar. Source link

MARKET

A surprise Fed rate cut might be good for consumers — but not for the stock market

Investors are clamoring for affirmation the Fed will begin cutting rates in September. But a surprise easing on Wednesday likely wouldn’t go over well. Source

MARKET

Guardant Health’s stock up after FDA approves its blood test for colon-cancer screening

It’s the first such blood test to receive regulatory approval in the U.S. and the first that meets the requirements for Medicare coverage. Source link

MARKET

Fed’s next moves could seal the fate of tech stocks and small-caps

July’s FOMC meeting is on deck and could influence whether investors keep selling large growth stocks to buy small-cap stocks. Source link

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Olympians’ families turn to GoFundMe in a race to get to Paris: ‘How would we miss this?’

Families of Olympic athletes are working against tight timelines and high expenses for a once-in-a-lifetime opportunity at the Paris Games. Source link