Friday’s top personal finance stories.
The Ratings Game: What’s next for Norfolk Southern after Senate hearing on East Palestine, Ohio, disaster?
Analysts have been weighing the impact of Thursday’s Senate hearing where Norfolk Southern CEO Alan Shaw was grilled about the East Palestine disaster.
: A driver spent $180,000 to start an Uber Black business. Then the company deactivated his account.
Uber reversed its decision and reactivated the driver after being contacted by MarketWatch.
: Yellen says banking system ‘resilient’ as she meets regulators in response to Silicon Valley Bank closure
Janet Yellen says she’s confident regulators are taking action after the closure of Silicon Valley Bank, and that the U.S. banking system is resilient.
Market Extra: What is a stock-trading halt and why do exchanges order them?
Shares of Silicon Valley Bank parent SVB Financial Group were halted shortly after markets opened on Friday and never reopened. Back in January, shares of nearly 200 securities were halted because of a glitch on the New York Stock Exchange.
Market Extra: SVB Financial bonds sink to 31 cents on the dollar after failure of Silicon Valley Bank
Heavy trading in SVB Financial debt push its 10-year bonds as low as 31 cents on the dollar on Friday after the failure of its subsidiary Silicon Valley Bank, according to BondCliq data.
The Ratings Game: Apple downgraded to sell by LightShed amid iPhone concerns
Analysts cited increased risk to iPhone sales in China amid ongoing tensions between Washington and Beijing
Retirement Weekly: The government may stop issuing Social Security payments after the debt limit is hit — here’s why
An obscure provision of a 1996 law unwittingly makes the Social Security trust fund vulnerable to being raided
Retirement Weekly: Are your gums receding? Here are your options now—and if you wait.
Getting old often means getting gum recession. But even preretirees are at risk.
Retirement Weekly: 5 ways women can avoid retirement disasters
It’s important to plan for the pitfalls that women can encounter in their 50s, 60s and beyond.
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