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Stock futures rise as Fed hints at possible rate hike in 2026; Kospi hits over 9,000 for the first time: Live updates CNBCCNBC Daily Open: Losing the dot plot CNBCMorning Bid: Warsh debut raises rate-hike stakes ReutersTrump Picked Warsh for Rate Cuts, US Markets Got the Opposite Yahoo Finance
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Oil prices fell and stocks rose after Pakistan announced that the agreement to reopen the Strait of Hormuz would take effect immediately.
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Federal Reserve issues FOMC statement Federal Reserve (.gov)Here are the five big takeaways from Kevin Warsh's first meeting as Fed chairman CNBCUS stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve Dallas NewsFederal Reserve policymakers show support for rate hikes as Warsh reins in guidance AP News
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Warsh kicks off Fed chief era with sweeping review as rates remain unchanged ReutersStock futures rise as Fed hints at possible rate hike in 2026; Nikkei hits 71,000 for the first time: Live updates CNBCFederal Reserve policymakers show support for rate hikes as Warsh reins in guidance AP NewsThe Fed's new era begins. Here's what it means for your money CNN
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BMW was the worst performing major European stock on Wednesday after the luxury-car maker lowered its profit outlook, citing a downturn in China as well as the impact from the Middle East war.
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U.S.-Iran deal sparks record highs for Asian stocks, drags on oil ReutersSee more headlines & perspectives on Google News
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Traders are waiting for U.S. and Iranian officials to meet in Switzerland on Friday, when they are expected to sign an initial agreement and begin a 60-day cease-fire.
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Retail investors net bought $369.8 million worth of SpaceX stock in the first three days of trading.
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The rally is once again broadening beyond tech
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I don't ignore my retirement accounts, but I consider myself mostly a set-it-and-forget-it investor. I prefer to pick an investment strategy, arrange automatic contributions and then sit back without tinkering much with my portfolio. For that reason, I used a target-date fund in my 401(k) when I had one (I'm self-employed now). My husband invests in a fund with a 2050 target date through his employer plan.
A target-date fund aims to create an appropriate investment mix for the investor's age and approximate retirement date. A fund designed for someone with many years until retirement includes a high proportion of stocks for growth. Over time, the fund regularly rebalances, allocating a greater percentage of assets to less-risky, income-producing investments, such as bonds, as retirement nears.
We're far from alone in our preference for target-date funds. Among 401(k) participants in their twenties, 54% of their assets were in target-date funds at the end of 2019, and investors in their thirties had 45% of assets in target-date funds, according to a study from the Investment Company Institute and Employee Benefit Research Institute. Many large employer plans automatically enroll employees and use target-date funds as the default investment choice.
SEE MORE PODCAST: The Pros and Cons of Target Date Funds with Tony Drake
Evaluating Your Plan.
Target-date funds are attractive for their simplicity. But if you're dissatisfied with your plan's target-date offerings or have the appetite to construct a customized portfolio, you can typically select among a menu of several other investment options. If you have decades to go until retirement, you may want to dedicate 80% to 90% of your portfolio to stocks. I
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 Canada's main stock index futures inched
up on Thursday as oil prices rose, while fears of a second wave
of coronavirus cases in major economies held back a sharper
rise.
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