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11:13 a.m. Sept. 9, 2021 - By Mark Decambre
Dow, S&P 500 mark longest losing skid in 12 weeks as stock market wobbles lowerThe Dow Jones Industrial Average and the S&P 500 marked a fourth straight loss Thursday, relinquishing earlier gains that had been partly attributed to indications President Joe Biden will expand COVID-19 vaccine mandates for federal workers. Investors sold health-care, consumer-staples real-estate stocks, weighing on the broader market, which has mostly been trading in record territory until this holiday-abbreviated week's recent slump. The Dow closed down over 150 points, or 0.4%, at 34,879, losing its grip on 35,000, while the S&P 500 index retreated 0.5% at 4,493, marking the fourth consecutive decline for both indexes, which is the longest stretch of declines since a multisession skid ended June 18. The Nasdaq Composite Index fell 0.3% at 15,248. Trading on the session came as Fed Gov. Michelle Bowman said that she favored tapering of the central bank's asset purchases soon. Meanwhile, Europe's central bank said that it would conduct asset purchases under its pandemic emergency purchase program, or PEPP, at a "moderately lower pace" after accelerating purchases in recent quarters. In economic reports, initial jobless claims fell by 35,000 to 310,000 in the week ended Sept. 4, the Labor Department said Thursday, marking the lowest level of claims since the pandemic struck in March 2020 and the biggest decline in claims since late June. In corporate news, Lululemon Athletica soared 10% on the day after reports its quarterly results. The White House has signaled that President Biden will seek a fresh round of additional vaccine mandates for federal workers and push for those measures to be extended to employees of government contractors.
2:27 a.m. Aug. 4, 2021 - By Tomi Kilgore
MGM Growth Properties stock rallies after VICI Properties buyout deal, valued at $17.2 billion including debtShares of MGM Growth Properties LLC shot up 7.4% in premarket trading Wednesday, after the real estate investment trust announced an agreement to be acquired by VICI Properties Inc. in a deal valued at $17.2 billion, including the assumption of $5.7 billion of debt. VICI shares edged up 0.3% and MGM Resorts International's stock gained 3.8% ahead of the open. Under terms of the deal, MGM Growth shareholders will receive 1.366 shares of newly issued VICI stock for each MGM Growth share they own, which based on Tuesday's stock closing prices represents an 11.4% premium. MGM Resorts will receive $4.4 billion in cash for the majority of its MGP Operating Partnership units that it holds, and will retain about 12 million units in the newly formed operating partnership of VICI Properties. After the deal closes, which is expected to occur in the first half of 2022, VICI Properties will enter into a master lease with MGM Resorts, with an initial total annual rent of $860.0 million. "Through this transformative strategic acquisition, we are merging MGP's best-in-class portfolio into VICI's best-in-class management and governance platform, creating the premier gaming, entertainment and leisure REIT in America," said VICI Chief Executive Ed Pitoniak. MGM Growth shares have rallied 18.5% year to date through Tuesday, while the S&P 500 has gained 17.8%.
11:26 a.m. June 28, 2021 - By Catey Hill
What it’s really like to retire on a Caribbean island — on $3,000 a month This Virginia couple retired to the Caribbean island of Bequia and opened an art galleryThis Virginia couple retired to the Caribbean island of Bequia and opened an art gallery.
4:51 p.m. May 25, 2021 - By Quentin Fottrell
Why are ‘Karens’ so angry? Such incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern lifeSuch incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern life.
7:30 a.m. May 22, 2021 - By Quentin Fottrell
My wife inherited $800K. She put $300K toward our mortgage and $500K in her own bank account — after 35 years of marriage ‘What do you think of the way she has treated her inheritance? If we divorce, will I have to pay her alimony?’‘What do you think of the way she has treated her inheritance? If we divorce, will I have to pay her alimony?’
11:26 a.m. May 13, 2021 - By Quentin Fottrell
I bought my parents’ house at below-market rate — my sister wants me to give her $50K to build my mother an annex. Is that fair? ‘My sister has a bunch of lumber sitting on her lawn, and no money to pay the contractor’‘My sister has a bunch of lumber sitting on her lawn, and no money to pay the contractor.’
4:58 p.m. May 2, 2021 - By Quentin Fottrell
My wife offered to ‘loan’ me money when I was having financial trouble. Now I make six figures — and she refuses to pay any bills ‘As I started my new job, and my wife received her money, she used part of her $200,000 inheritance to go on a spending spree: a $50,000 truck and a $20,000 camping trailer’‘As I started my new job, and my wife received her money, she used part of her $200,000 inheritance to go on a spending spree: a $50,000 truck and a $20,000 camping trailer.’
4:54 p.m. May 2, 2021 - By Quentin Fottrell
My sister inherited the family home, but not the contents. She set up a ‘garage sale’ — and key items were missing. Should I pursue legal action? ‘She kept saying, “I have to think about my retirement.” She is 67. I think she is padding her 401(k) with everything she can get her hands on’‘She kept saying, “I have to think about my retirement.” She is 67. I think she is padding her 401(k) with everything she can get her hands on.’
11:08 a.m. May 2, 2021 - By Quentin Fottrell
I saved $1.1M for retirement, earn $128K and have $22K in cash. Can I afford my dream car — an $80K Nissan GT-R? ‘I’m 41 and single with no kids, and have always been a big saver’‘I’m 41 and single with no kids, and have always been a big saver.’
7:14 a.m. May 1, 2021 - By Quentin Fottrell
My sister’s home is in foreclosure, so she’s moving in with our parents. She posted on Facebook that she deserves their home. What should I do? ‘She is the power of attorney for my parents and will be executor of their will. She is getting a payment from Veterans Affairs to take care of them’‘She is the power of attorney for my parents and will be executor of their will. She is getting a payment from Veterans Affairs to take care of them.’
9:09 a.m. April 29, 2021 - By Quentin Fottrell
My second husband, 86, and I have 12 kids between us. He wants me to leave him everything — and says he will pass on the inheritance to my 5 children ‘He wants to leave the house to his children, but says if I outlive him I can live in it or rent somewhere if I wish to move’‘He wants to leave the house to his children, but says if I outlive him I can live in it or rent somewhere if I wish to move.’
4:05 a.m. April 29, 2021 - By Robert Schroeder
Here’s where Biden stands on key goals at his 100-day mark Targets on vaccinations, climate have been met, but other plans are works in progressHundreds of millions of shots in arms? Check. A $15 minimum wage? Stalled. Raising taxes on corporations? A work in progress. Here’s where President Joe Biden stands on some key goals as he hits his 100-day mark.
4:40 a.m. April 24, 2021 - By Quentin Fottrell
My wife pushed me into buying a home because she provided two-thirds of the down payment. Now I’m stuck in a house I hate ‘We are now expecting our first child, which just adds to our financial responsibilities. I know I sound like an ass. Please help me see the light’‘We are now expecting our first child, which just adds to our financial responsibilities. I know I sound like an ass. Please help me see the light.’
11:16 a.m. April 17, 2021 - By Quentin Fottrell
My parents made my sister executor of their $4 million estate, and joint owner of their bank accounts. Should I be worried? ‘We have five other siblings who are currently unaware of this arrangement’‘We have five other siblings who are currently unaware of this arrangement.’
10:42 a.m. April 17, 2021 - By Quentin Fottrell
My fiancée’s mother asked us to raise her 2 kids, as we live in a good school district and she has a gambling addiction — then she claimed their stimulus checks ‘I advised her to leave the money as the IRS may eventually ask for it back. Her new boyfriend then quickly told her to withdraw it anyway’‘I advised her to leave the money as the IRS may eventually ask for it back. Her new boyfriend then quickly told her to withdraw it anyway.’
9:01 a.m. April 14, 2021 - By Quentin Fottrell
My husband signed for a car for a friend — against my wishes. Now we get notices for unpaid tolls and parking tickets. What if there’s an accident? ‘Every time another ‘past due’ envelope arrives I panic at the thought of the savings I worked so hard to put away might be gone in one accident’‘Every time another ‘past due’ envelope arrives I panic at the thought of the savings I worked so hard to put away might be gone in one accident.’
5:22 a.m. April 11, 2021 - By Quentin Fottrell
I’m a farmer in my late 30s and live a frugal lifestyle. My son has a disability. Should I pay extra on my mortgage — or save for retirement? ‘He has a disability that will likely mean he will be living with us for our entire lives’‘He has a disability that will likely mean he will be living with us for our entire lives.’
3:26 a.m. April 10, 2021 - By Quentin Fottrell
‘What the hell!’ I’m 28, have no debt, a 401(k), Roth IRA and $45K in cash. Should I save for a house or buy a Tesla Model 3? ‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds’‘I believe I can buy the car and strap down, and save more aggressively to replenish the funds.’
5:47 p.m. April 6, 2021 - By Quentin Fottrell
My wife’s father left her a home and money in a trust. This subsidizes our lifestyle. What happens to me if she dies? ‘I am concerned that if something happened, her sisters might try to claim it as family property and say I’m not entitled to it’‘I am concerned that if something happened, her sisters might try to claim it as family property and say I’m not entitled to it.’Ï
6:02 a.m. April 4, 2021 - By Quentin Fottrell
My mother visited my sister, who didn’t give her breakfast or lunch. She makes $150K. Should I tell her to feed her guests? ‘Side note: I think our success bugs them as she points out that our real-estate investments are doing so well. I’ve offered to go in with them on a real-estate deal and the answer is always no’‘Side note: I think our success bugs them as he points out that our real-estate investments are doing so well. I’ve offered to go in with them on a real-estate deal and the answer is always no.’
5:44 a.m. April 4, 2021 - By Quentin Fottrell
‘I cut his hair because he won’t pay for a haircut’: My multimillionaire husband is 90. I’ve looked after him for 41 years, but he won’t help my son ‘I bet that you have never heard from anyone who has too much money’‘I bet that you have never heard from anyone who has too much money.’
10:12 a.m. April 3, 2021 - By Quentin Fottrell
My stepmother got nothing when my father died, per their prenup. She asked me to buy her a home. What should I do? ‘What would be some ways I could help her financially or otherwise without giving her a house?’‘What would be some ways I could help her financially or otherwise without giving her a house?’
3:50 a.m. April 3, 2021 - By Catey Hill
We get $2,470 a month from Social Security and want a warm, friendly city near the ocean. Where should we retire? Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.comHere are three spots to consider.
6:50 a.m. March 28, 2021 - By Quentin Fottrell
‘I feel un-American’: I was broke in my 20s, and live in fear of debt. My wife wants to upgrade our home and life. What do I do? ‘During my 20s, I was broke. I had three maxed-out credit cards and lived paycheck to paycheck’‘During my 20s, I was broke. I bought my first house and lived alone, stretched to my limits. I had three maxed-out credit cards and lived paycheck to paycheck.’
5:35 a.m. March 27, 2021 - By Catey Hill
I’m looking for safe, friendly cities to retire abroad on $2,500 or less a month. Where should I retire? Eight options — from cities in Thailand, Portugal, Italy and more — to consider. Eight options — from cities in Thailand, Portugal, Italy and more — to consider.
5:03 p.m. March 23, 2021 - By Quentin Fottrell
My landlord gave me a waiver on rent as I waited for Section 8 rental assistance — 25 years later, she wants me to pay $1,700 ‘The owner has a little black book and demands that I pay her back the debt that was supposedly waived years ago’‘The owner has a little black book and demands that I pay her back the debt that was supposedly waived years ago.’
11:39 a.m. March 23, 2021 - By Catey Hill
‘Why go back to the U.S.?’ This divorced retiree left L.A. for Mexico — where he found love and halved his cost of living The costs, health care, safety and lifestyle in the central Mexican city QuerétaroThe costs, health care, safety and lifestyle in Queretaro, Mexico.
3:40 p.m. March 22, 2021 - By Quentin Fottrell
My wife and I have 3 kids. I also have 3 kids from a previous marriage. How should we split our house among these 6 children? The Moneyist responds: ‘Like splitting a bill in a restaurant, there comes a time when you must balance your forensic accounting with what is palatable for those at the table’The Moneyist responds: ‘Like splitting a bill in a restaurant, there comes a time when you must balance your forensic accounting with what is palatable for those at the table.’
1:28 p.m. March 20, 2021 - By Quentin Fottrell
‘I have tried to be kind’: I gave my ex half of the first two stimulus checks for our child. He still calls me a ‘monster.’ What do I do with the third? ‘I am bugged by him paying nothing while also going on trips and buying vehicles when he gets extra money, instead of paying anything to me for our child. Maybe I am being petty’‘I am bugged by him paying nothing while also going on trips and buying vehicles when he gets extra money, instead of paying anything to me for our child. Maybe I am being petty.’
3:12 a.m. March 15, 2021 - By Tomi Kilgore
Extended Stay confirms Blackstone, Starwood buyout deal for 12% premiumExtended Stay America Inc. confirmed Monday an agreement to be acquired by Blackstone Group Inc. and Starwood Capital Group in an all-cash deal valued at about $6 billion. Under terms of the deal, Extended Stay shareholders will receive $19.50 for each Extended Stay share they own, a 12.2% premium to Friday's closing price of $16.94. The Wall Street Journal had , but didn't have per-share details. "After a thorough review of the Company's business plan, the Boards concluded that the immediate cash premium offered by this transaction is compelling for stockholders," said Extended Stay Chairman Doug Geoga. The company is being acquired by a 50/50 joint venture between funds managed by Blackstone's Blackstone Real Estate Partners and Starwood Capital. Extended Stay said it does not expect to pay a dividend while the deal is in the works, except for previously announced payout of 9 cents a share on March 26. The deal is expected to close in the second quarter of 2021. Extended Stay's stock has gained 19.3% over the past three months through Friday, while the S&P 500 has advanced 6.7%.
9:22 a.m. March 7, 2021 - By Quentin Fottrell
My husband and his brother inherited a property. Our son moved in. We paid $60K in taxes and repairs. Do we split it 50/50? ‘The house is probably 90 years old, and needed quite a lot of work before they could move in’‘The house is probably 90 years old, and needed quite a lot of work before they could move in.’
1:45 a.m. March 3, 2021 - By Tomi Kilgore
Las Vegas Sands sells its Las Vegas property and operations for $6.25 billion to Apollo, VICI PropertiesShares of Las Vegas Sands Corp. rallied 3.0% in premarket trading Wednesday, after the casino operator announced agreements to sell its Las Vegas property and operations for $6.25 billion to Apollo Global Management and VICI Properties Inc. Apollo's stock was still inactive ahead of the open, while VICI shares fell 1.0%. Under terms of the deal, Apollo will buy the operating company of The Venetian, which includes the Venetian Resort and the Sands Expo and Convention Center, for $2.25 billion, and VICI will buy the land and real estate assets of The Venetian for $4.0 billion. Las Vegas Sands said Asia remains the "backbone" of the company, and its development opportunities in Macao and Singapore are at the center of the company's attention. "Our long-held strategy of reinvesting in our Asian operations and returning capital to our shareholders will be enhanced through this transaction," said Chief Operating Officer Patrick Dumont. "Additionally, as our industry continues to evolve, particularly as it relates to the digital marketplace, we are committed to exploring those possibilities. Over the past 12 months, Las Vegas Sands stock has rallied 16.2%, Apollo shares have climbed 16.6% and VICI shares have advanced 15.2%, while the S&P 500 has gained 28.9%.
6:11 a.m. March 1, 2021 - By Quentin Fottrell
My fiancé wants me off the deed and mortgage to our new home. If I don’t agree, he says we’ll stay engaged forever ‘The house is appreciating daily due to its location, and he wants his children to inherit it. He wants me to pay rent, which essentially leaves nothing for my children’‘The house is appreciating daily due to its location, and he wants his children to inherit it. He wants me to pay rent, which essentially leaves nothing for my children.’
4:04 p.m. Feb. 20, 2021 - By Quentin Fottrell
My wealthy fiancée wants me to accept ‘standard-of-living’ costs should we divorce. I’m a proud veteran and won’t accept more than $50,000. Who’s right? ‘I have worked very hard for everything I have. I take pride in the fact that I’ve overcome a lot of adversity to be where I am now, and I’m happy with my finances’‘I have worked very hard for everything I have. I take pride in the fact that I’ve overcome a lot of adversity to be where I am now, and I’m happy with my finances.’
4:03 p.m. Feb. 20, 2021 - By Quentin Fottrell
I pay my boyfriend rent and help run his property business. He takes my commissions and won’t discuss marriage. What can I do? ‘Six months ago, I became very frustrated and made a few spreadsheets: one documenting the rent I have paid over the last 10 years, one for all of the unpaid labor’‘Six months ago, I became very frustrated and made a few spreadsheets: one documenting the rent I have paid over the last 10 years, one for all of the unpaid labor.’
10:32 a.m. Feb. 20, 2021 - By Quentin Fottrell
We were friendly with our neighbors for decades, until recently. One day, they introduced us to their financial adviser… ‘We dug trenches, poured concrete foundations, and worked to build our house; they hired contractors. They traded in cars frequently; we ran ours into the ground’‘We dug trenches, poured concrete foundations, and worked to build our house; they hired contractors. They traded in cars frequently; we ran ours into the ground.’
4:58 a.m. Feb. 15, 2021 - By Catey Hill
A Roman goddess inspired this couple to leave Seattle and retire to Italy, where you can live on $3,000 a month The pros and cons of living in the Marche region of ItalyThe pros and cons of living in the Marche region of Italy.
4:52 a.m. Feb. 15, 2021 - By Catey Hill
I’ll have $10,000 a month to spend and prefer a city with beautiful outdoors, warm weather and lots of culture — so where should I retire? Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.comAnd she wants it to be cheaper than Chicago.
5:21 p.m. Feb. 12, 2021 - By Quentin Fottrell
I am my elderly husband’s caretaker, driver, butler and whipping post. He promised to leave his grandson his home — is that fair to me? ‘I took a vow for better or worse, but I am sure wife No. 1 got the better deal’‘I took a vow for better or worse, but I am sure wife No. 1 got the better deal.’
11:18 a.m. Feb. 10, 2021 - MarketWatch
MGM Resorts' revenue falls 53% as Vegas strugglesMGM Resorts International reported a 53% decline in revenue Wednesday as casino operators still grapple with a prolonged recovery in the global gambling hubs of Las Vegas and Macau. MGM Resorts, a giant on the Las Vegas Strip, said net revenue decreased to $1.5 billion for the three months ended Dec. 31, down from $3.2 billion the prior year.
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