Former President Donald Trump on Wednesday said he invoked his Fifth Amendment rights during a deposition with the New York attorney general's office. "I have absolutely no choice because the current administration and many prosecutors in this country have lost all moral and ethical bounds of decency," Trump said in a statement, invoking the FBI's raid on his Mar-a-Lago estate in Florida earlier this week. Trump was set to be questioned under oath Wednesday in New York Attorney General Letitia James's civil investigation into his dealings as a real estate mogul.

With less than half a year to go until required minimum distributions are due, plus rising inflation and interest rates and a volatile stock market, some retirees may be wondering how to take their RMDs most financially efficient manner. Join MarketWatch's Alessandra Malito and Jody King, director of wealth planning at Fiduciary Trust Company, as they discuss the best strategies.

The S&P 500 Index has rallied 10% since June 22 from a deep decline, but there are different schools of thought about whether investors are out of the woods yet.

Mark Hulbert has called the recent action a bear-market rally, setting the stage for the stock market to resume its slide. Meanwhile, analysts at BlackRock recommend investors lean toward defensive stocks.

One...

On Tuesday, the Dow Jones Industrial Average fell 0.2% to 32774, the S&P 500 declined 0.4% to 4122 — its fourth-straight losing session — and the Nasdaq Composite dropped 1.2%, to 12493, its third consecutive drop.

So it’s not as if her retirement is going to look like your retirement, or mine.

But…here are three things about her retirement that sound pretty wise, or sensible, for all of us.

1. Don’t think of it as an end, but as a beginning.

Cliché? Sure. But still true. Williams isn’t just moving away from her first career but moving toward her second. “I have never liked the word retirement,” Williams tells Vogue. “It doesn’t feel like a modern word to me.” She says she had initially thought about her next move as a “transition,” but she didn’t want to appropriate that word from the transgender community. Williams is leaving tennis age 40 because she still wants to have another baby. “Maybe the best word to describe what I’m up to is evolution. I’m here to tell you that I’m evolving away from tennis, toward other things that are important to me.” That includes not just expanding her family, but also a huge range of other ventures.

Marianela Collada, a...

U.S. stocks opened higher Wednesday, with the technology-heavy Nasdaq Composite leading sharp gains, after an inflation reading for July was lower than expected and eased from June. The Dow Jones Industrial Average DJIA,

U.S. stocks opened higher Wednesday, with the technology-heavy Nasdaq Composite leading sharp gains, after an inflation reading for July was lower than expected and eased from June. The Dow Jones Industrial Average DJIA,

The numbers: The U.S. consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. 

Economists polled by The Wall Street Journal had estimated a 0.2% advance in July.

The rate of inflation in the 12 months ended in July retreated to 8.5% from a 41-year high of 9.1% in June.

For Menyuan Jordan, taking care of her three children while juggling a career that she loves has been like walking a tightrope. 

Being in the mental-health field, Jordan, a social worker in Austell, Ga., knows the value she provides with her work as a community therapist. But she can’t fully focus on work; her children need her at home.

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May as well get to the day’s biggest event first — the Labor Department will release the U.S. consumer price index data for July at 8:30 a.m. Eastern. Expectations are for a slight deceleration in the year-over-year rate, to 8.7% from 9.1%, but a strong gain in core CPI that would push the 12-month rate to 6.1%. Read preview of CPI report.

If anything, it feels like the risks to the market is that inflation will come in surprisingly strong, as the S&P 500 SPX,

Economists expect the CPI data to be released later Wednesday to be a “mixed bad,” according to Chris Low, chief economist at FHN Financial. Headline inflation is expected to retreat on lower gasoline prices. The focus will be on the core, which excludes food and energy. Economists expect a 0.5% gain, enough to lift year-on-year core inflation from 5.9% to 6.1%. The government will release the CPI data at 8:30 a.m. Eastern.

...

U.S. stock futures were inching higher on Wednesday, but with traders wary of making bold bets lest they get caught out by an inflation report deemed crucial to the market’s short-term trajectory.

Economists expect the CPI data to be released later Wednesday to be a “mixed bad,” according to Chris Low, chief economist at FHN Financial. Headline inflation is expected to retreat on lower gasoline prices. The focus will be on the core, which excludes food and energy. Economists expect a 0.5% gain, enough to lift year-on-year core inflation from 5.9% to 6.1%. The government will release the CPI data at 8:30 a.m. Eastern.

Defaulting on your student loans could lead to the federal government withholding your wages, your tax refunds and possibly your Social Security income — a process that’s both blunt and punitive, one government official says.

“Even if you were a hard-nosed accountant who only cared about collecting money for taxpayers, it makes no sense to try and collect a loan by driving borrowers into poverty and preventing them from getting back on their feet,” Education Department Undersecretary James Kvaal said in his opening remarks...

Crude oil prices were back under pressure after a Tuesday bounce tied to the suspension of crude flows — estimated at around 250,000 barrels a day — along the southern portion of the Druzhba pipeline to Hungary, the Czech Republic and Slovakia. Transneft, Russia’s pipeline monopoly, said...

Netflix Inc. bounced back. Can Walt Disney Co.’s streaming service continue to grow despite a warning from Chief Financial Officer Christine McCarthy in May of increased costs amid macroeconomic hurdles?

Disney DIS,

Tesla Inc. CEO Elon Musk tweeted Wednesday that a Tesla 500 mile range Semi truck will start shipping this year, to be followed by the Cybertruck next year. Tesla shares were up 1.9% premarket, as investors also digested the news that Musk sold almost $7 billion in Tesla stock in recent days, according to filings Tuesday with the Securities and Exchange Commission, and indicated he wants cash on hand as his legal fight with Twitter Inc. heats up. According to the filings, the Tesla chief executive sold around 7.9 million shares between Friday and Tuesday, at prices ranging from $838.57 to $911.75 - roughly $6.88 billion...

May as well get to the day’s biggest event first — the Labor Department will release the U.S. consumer price index data for July at 8:30 a.m. Eastern. Expectations are for a slight deceleration in the year-over-year rate, to 8.7% from 9.1%, but a strong gain in core CPI that would push the 12-month rate to 6.1%. Read preview of CPI report.

If anything, it feels like the risks to the market is that inflation will come in surprisingly strong, as the S&P 500 SPX has rallied 13% from its mid-June lows.

In...

A former director of Manchester United Ltd. , Michael Knighton, is planning to submit a bid to buy the operator of the U.K.-based football club from the Glazer family, according to a report in the Manchester Evening News. Manchester United's stock was still inactive in premarket trading. Knighton, who had come close to buying the club in the 1980s, has said he and a consortium of investors are in the process of drawing up an offer, the report said. The current American owners have come under increasing pressure, including protests by fans, to sell the club, after several years of disappointing performances and transfer...

The yield on the 2-year Treasury TMUBMUSD02Y fell 4 basis points to 3.226%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury TMUBMUSD10Y retreated 3 basis points to 2.772%. The yield on the 30-year Treasury TMUBMUSD30Y fell 1 basis point to 2.985%.

My son is 27 years old. He’s very smart. He scored 32 on his ACT test without cracking the book. However, he can’t manage life. He blew up the motor on his car because he didn’t change the oil. He didn’t fix the sunroof so water leaked into the car. He doesn’t like his bank yet he can’t manage to change banks. When his health insurance ran out under our plan, he didn’t sign up with his employer.

He...

U.S. stock futures were inching higher on Wednesday, but with traders wary of making bold bets lest they get caught out by a U.S. inflation report deemed crucial to the market’s short-term trajectory.