• The coronavirus outbreak appears to be getting worse across much of the US.
  • Twelve states — Alaska, Colorado, Indiana, Kansas, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oregon, South Dakota, and Utah — recorded more new infections in the last seven days than they ever have in a one-week period.
  • This could be the “dreaded second wave,” emergency-room physician Megan Ranney told CNN.
  • Dr. Anthony Fauci has advised Americans to “hunker down” for fall and winter.
  • Visit Business Insider’s homepage for more stories.

Across the US, coronavirus outbreaks across seem to be larger than ever before.

On Saturday, 12 states hit record seven-day rolling average case counts, according to a Business Insider analysis of data from The COVID Tracking Project, which compiles data from state and territory-level public health authorities.

Alaska, Colorado, Indiana, Kansas, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oregon, South Dakota, and Utah recorded more new infections in the

Read More

If you’re planning for retirement, you may have heard of the 4% rule. It says you can safely withdraw 4% of a retirement portfolio’s balance in the first year of retirement, then adjust the withdrawal for inflation every year after that. The model assumes a steady 50/50 split between stocks and Treasury bonds. Following the 4% rule should mean you’d never fully deplete your portfolio over a 30-year retirement period.

HALF OF RETIREES WISH THEY’D BUDGETED MORE FOR THIS

But 2020 might’ve changed all that. Someone retiring today might not be able to expect the same level of returns that the markets provided for the past 150 years. Here’s why.

Unprecedentedly low interest rates

With the economy in distress in March, the

Read More

Tennis superstar Serena Williams, who rose from modest beginnings to earning millions during her luminous career, says her outlook on money has not changed: Be responsible and manage your spending.

That was the overall theme of her message to college students of historically Black colleges and young professionals during a webcast focusing on money management.

Williams, who used the JPMorgan Chase Chats for an open conversation about money with a young adult audience from across the country, said her family was not well off growing up, but managing spending was emphasized when she was a kid.

“My family wasn’t wealthy, but we were always taught that when you work hard, you reap the benefits as a result,” Williams told NBC News via email. “I think it’s important for young people to really understand how to spend money — including how to better self-evaluate needs and wants — to make truly

Read More