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The Akron Legal News, Akron Ohio, Summit County Ohio

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Stocks are soaring, and most Black people are missing out

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NEW YORK (AP) — Americans who own stocks are pulling further away from those who don't, as Wall Street roars back to record heights while much of the economy struggles. And Black households are much more likely to be in that not-as-fortunate group that isn't in the stock market.
Only 33.5% of Black households owned stocks ... (full story)

Funds and profits

Q. How do mutual funds work, exactly? -- G.S., Madison, Alabama
A. In a nutshell, a mutual fund receives money from many investors and then professional managers choose how to invest it, for a fee. Mutual funds are a great solution for those of us who don't have the time, skill or interest to study the universe of investments an ... (full story)

Amid COVID, many businesses in precarious spot as 2020 ends

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NEW YORK (AP) — The final three months of the year, usually a boom time for many small businesses thanks to holiday shopping and celebrations, looks precarious as the coronavirus maintains its grip on the economy.
Owners contending with government restrictions or crumbling demand are trying to hold on, with some creating ... (full story)

Suddenly retired? Here's what to do next

The pandemic seems to be driving a surge of early retirements as businesses close or downsize and older people weigh the health risks of continuing to work.
The share of unemployed people not looking for work who called themselves "retired" increased to 60% in April from 53% in January, according to a study by three ec ... (full story)

Walmart to spread out deals to avoid Black Friday crowds

NEW YORK (AP) — Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.
The nation's largest retailer said last Wednesday that more of its doorbuster deals will be reserved for online, as a way to steer more sh ... (full story)