Stock trader Peter Tuchman works on the floor of the New York Stock Exchange (NYSE). (Photo by … [+] Spencer Platt/Getty Images)Getty Images The equity markets had a horrible 2022 with the Dow, S&P 500 and Nasdaq down 8.8%, 19.4% and 33.1%, respectively. This isn’t surprising as investors faced increased interest rates, a potential recession More
NEW YORK, NY – FEBRUARY 06: Traders work on the floor of the New York Stock Exchange (NYSE) on … [+] February 6, 2018 in New York City. Following Monday’s over 1000 point drop, the Dow Jones Industrial Average closed up over 500 points. (Photo by Spencer Platt/Getty Images)Getty Images Individual investors seem to have More
TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas … [+] Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges December 13, 2022, accused of committing one of the biggest financial frauds in US history. More
Overcoming Procrastination in Saving For Retirementgetty Procrastination in saving for retirement is so pervasive that it can be considered the norm. Retirement is a long way off and how much will be needed is unclear. The question is complicated by possible allocation to estate bequests and (for homeowners) the possible use of home equity in More
Photo by Christopher Furlong/Getty ImagesGetty Images Rising rents mean a greater share of private investors are buying residential property, according to a leading estate agent. A hefty 12.2% of all homes have been bought by an investor in the year to date, research from Hamptons International showed. This is up from 11.7% in 2021, it More
WASHINGTON, DC – DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the … [+] House Financial Services Committee. (Photo by Alex Wong/Getty Images)Getty Images Cryptocurrency company FTX and its young founder, Samuel Bankman-Fried (“Sam”), once were valued at nearly $30 billion. The company was a hub for all things crypto, performing More
Nov. 17. (AP Photo/Nam Y. Huh)Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applications also down 46% over the same period. It comes off the back of rapidly rising rates, which have made mortgages hundreds of dollars more expensive… More
Pipe cofounder and CEO Harry Hurst made the surprise decision to resign less than four years after starting the company. Pipe Three cofounders of fintech lending startup Pipe, valued at $2 billion in a funding round last year, are stepping down from the Miami company. The departing executives include co-CEO Harry Hurst, 33; co-CEO Josh… More
Empty fuel warning light in car dashboard. Fuel pump icon. gasoline gauge dash board in car with … [+] digital warning sign of run out of fuel turn on. Low level of fuel show on speedometer dashboardgetty 26 days. That’s how much diesel America has in its collective tank. Imagine that: a fuel that powers… More
Fed Chair Jerome Powell at news conference following FOMC meeting, Nov. 2. (AP Photo/Patrick … [+] Semansky)Copyright 2022 The Associated Press. All rights reserved. Fed Chair Powell confirmed the market’s expectations of a 4% Fed Funds rate with more to come. The news launched the usual negative media reports, and a short-lived stock market decline.… More
James Caan visits his old prison mate Willie Nelson in a scene from the United Artist movie “Thief”, … [+] circa 1981. (Photo by Michael Ochs Archives/Getty Images) Getty Images Consumer scams are like gremlins. They just keep morphing into something else. A relatively new scam involves swindlers posing as representatives of the Consumer Financial… More
Filling taxes online concept. Vector of people filling tax form documents using internet servicesgetty The amounts exempt from federal estate and gift taxes are adjusted for inflation each year. The IRS has come out with the exemption amounts for 2023. Gift and Estate Tax Exemption: The amount you can give during your lifetime, or at… More
Texas regulators are gunning for FTX. getty Texas is trying to add requirements to the FTX acquisition of assets from Voyager Digital, which is operating under federal bankruptcy court protection, claiming both cryptocurrency exchanges are not complying with state laws. Documents filed in the bankruptcy case on Friday also revealed that FTX and its principals,… More
Sometimes you need somewhere to park your cash for a year or less. Perhaps you’re saving your money for a house, a wedding, or another financial goal. If you don’t want to tie your money up long-term, here are some of the best short-term investments right now. AUGUSTA, GEORGIA – APRIL 14: Tiger Woods (L)… More
US President Joe Biden announces student loan relief on August 24, 2022, in the Roosevelt Room of … [+] the White House in Washington, DC. – Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across… More