Treasury yields pulled back sharply on Monday as investors assessed worries over the financial health of a large European bank and a gauge on the U.S. manufacturing sector produced the weakest reading...
Tag: Banking/Credit
Why Interest Rates Are Rising Everywhere—Except Your Savings Account
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‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?
I’m the first of my generation to own a home and the first to earn this much annually and don’t want to mess this up. How, specifically, can a financial adviser help me? Getty Images Question: By the ...
Mark Cuban has repeatedly given this simple piece of money advice — and it’s more lucrative to do it now than it has been in over a decade
Billionaire Shark Tank host Mark Cuban Getty Images for Vox Media Billionaire Mark Cuban believes in saving for emergencies. In 2017, Cuban told Vanity Fair: “If you don’t like your job at some point,...
Credit Suisse: What’s going on, and why its stock is falling
Credit Suisse was trending for all the wrong reasons this weekend, as social media was in a frenzy debating whether one of the 30 global systemically important banks would collapse altogether. The ban...
The major county in America where home prices just dropped the most is …
Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some r...
An Alzheimer’s Drug’s Big Surprise: What It Means
Until this past week, there seemed to be no answers to the Alzheimer’s puzzle. The leading theory of the disease, that it was caused by a buildup of beta amyloid plaque in the brain, had been disprove...
Short U.S. stocks and short-term Treasurys until Halloween, Bank of America strategist says
Short U.S. stocks as well as short-term bonds until Halloween, a Bank of America strategist advises. Michael Hartnett, chief investment strategist at Bank of America Securities, said he’s a tactical b...
Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates
Where will mortgage rates go from here? Getty Images Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through Oct...
This is the time when ‘accidents’ like Enron have happened — this JPMorgan quant says yields have peaked and prefers bonds over stocks
The old expression is when the tide goes out, you get to see who’s swimming naked. In financial markets, the tide is going out when central banks are raising interest rates and growth is slowing. That...
Medicare premiums are decreasing in 2023 – this is how much older Americans will save if they’re on Part B
Medicare beneficiaries will see their Part B premiums go down for the first time in more than a decade, President Biden said during a White House event on Tuesday. Monthly Part B premiums, which are ...
‘I would not have been able to do it without him’: I built a property portfolio with 23 units while we were dating. How much should I give to my fiancé in our prenup?
I’m about to marry a wonderful man. I built an investment portfolio of 23 units while we were dating. Now we’re questioning how to create a prenuptial agreement. Over the years, I have identified, pur...
Crypto Investors Got Burned by Celsius. Then They Battled Back.
Cryptocurrency lender Celsius Network LLC attracted scores of people over the last five years who wanted to make money betting on bitcoin. After a crypto crash pushed the company into bankruptcy this ...
The one question to ask yourself about your 401(k) when stock indexes are dropping
With the Dow DJIA, -1.62%, S&P 500 SPX, -1.72% and Nasdaq COMP, -1.80% indexes dipping into the red right now, looking at your retirement portfolio may have your heart racing. Retirement Tip of t...
Crypto Bill That Would Have Transformed Industry Vetoed by California’s Newsom
Text size California Gov. Gavin Newsom. Photo by Monica Schipper/Getty Images for Bloomberg Philanthropies California Gov. Gavin Newsom on Friday vetoed a bill that would have brought strong regulatio...
Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy...
Josh Brown: ‘If people don’t get fired, then it’s not a recession’
““You can’t have a recession if people still have their jobs and have no problem getting their next job. So I don’t care what the NBER says. … If people don’t get fired, then it’s not a recession.”” T...
‘The housing market may have to go through a correction’: Mortgage rates hit 6.29%, Freddie Mac says
The numbers: U.S. mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates again...
Senators drill down on Zelle reimbursements, inflation and ‘uber-woke’ policies in bank CEO hearing
Democratic senators criticized banks for not serving consumers fairly while Republicans complained about liberal social agendas promoted by the same institutions, as chief executive officers of the co...
Jamie Dimon says stopping oil and gas funding would be ‘road to hell for America’
“Stopping new oil and gas funding? ‘That would be the road to hell for America.’” — Jamie Dimon JPMorgan Chase CEO Jamie Dimon resoundingly assured lawmakers that his bank has no intention of stopping...
Bitcoin Could Hit $500,000 in Next Decade, Says MicroStrategy’s Michael Saylor
Text size Bitcoin prices have plunged this year. Yuri Cortez/AFP/Getty Images Bitcoin could reclaim its November 2021 all-time high by 2026 and surge even higher if its valuation fundamentals change, ...
The Fed raised rates — retirees and near-retirees should do this
Retirees have to watch their spending, especially after the Federal Reserve’s latest rate hike announced on Wednesday. For the third time in a row, the Federal Reserve said on Wednesday it would rais...
Brace yourselves, the Fed is about to inflict ‘some pain’ to fight inflation — here’s how to prepare your wallet and portfolio
The Fed is ready to bring the pain. Are you prepared? Weeks ago, Federal Reserve Chair Jerome Powell cautioned there would be “some pain to households and businesses” as the central bank jacks up inte...
The Fed just ‘went big’ on its rate hike. Here’s who’s likely getting a financial boost from that — and ‘at levels last seen in 2009’
With rates on CDs now well above 0.60%, experts agree that sticking with a longer-term plan is the best way to get the biggest bang for your dollar. Getty Images/iStockphoto In its efforts to reign in...
Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.
This year nearly every type of security has declined — bad news if you look at your portfolio’s value each day and have difficulty sleeping at night. On the other hand, it’s good news if you’re lookin...