Happy Wednesday, MarketWatchers! Don’t miss these top stories:
After your company’s IPO, don’t mess up your financial windfall
You need to think about more than just taxes.
This is what it takes to be counted among the wealthy in America
Millionaire status ain’t what it used to be. In fact, according to Charles Schwab’s 2019 Modern Wealth Survey, you’d need a lot more than a mere seven figures to be viewed as wealthy these days.
All the ways Gen X is financially wrecked
Though they’re struggling financially, they’re far less likely than millennials to plan to spend less and save more this year.
America’s declining birth rate foreshadows some tough financial times ahead
The upshot on the continuing decline in the fertility rate.
Trump’s trade war with China doesn’t bode well for an already shaky U.S. housing market
Homeowners looking to sell may have reason to grow increasingly concerned about President Trump’s deteriorating relationship with China.
American journalism is suffering from ‘truth decay’ — the media have become more biased over the last 30 years, RAND study says
U.S. news has shifted to opinion-based content that appeals to emotion; newspapers have shifted less than TV has.
These are the worst times for Memorial Day road-trippers to travel
A record number of drivers are expected to hit the road for the three-day weekend, according to a AAA forecast.
Watch out — Amazon and Walmart’s next-day shipping could bust your budget
Consumer psychologists say consumers like anything with the word ‘free.’
Why male Uber drivers earn more than their female colleagues
A study shows a gender wage gap among Uber drivers.
My grandson’s live-in girlfriend hates me and doesn’t want me to stay at their home — should I still leave him all my money?
This woman is upset that she’s been shunned by her grandson’s partner.
Elsewhere on MarketWatch
Trump tax cuts don’t appear to be enough as retail sales slow
What a difference a year makes: Americans ratcheted up spending last year after an income boost from the Trump tax cuts, but they’ve dialed back in 2019 in response to more economic uncertainty.
Mnuchin says he expects resumption of China trade talks in near future
Treasury Secretary Steven Mnuchin said Wednesday he anticipates going to China for more trade talks in the near future, and told lawmakers the U.S. is “close to an understanding” on removing steel and aluminum tariffs on Canada and Mexico.
Disney heiress, Republican congressman clash on CEO pay
At a Capitol Hill hearing on workers’ rights, Indiana GOP Rep. Trey Hollingsworth and heiress Abigail Disney showed they really don’t see eye to eye on pay issues.
This simple trick could make it a lot harder for corporations to skip out on their tax bill
The U.S. could reduce inequality, rein in abusive tax shelters, and gain some needed revenue if it taxed corporate profits based on the share of sales that occurred in the U.S., writes Pedro da Costa.
How to protect your money from this stock market’s wild volatility
Fasten your seatbelt at the first sign of turbulence, writes Mark Hulbert.
An entire industry is being built around CBD, but we really don’t know that much about it
Scientists are still unsure of exactly what the benefits — and potential dangers — of CBD are.
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